Exchange or Wallet?

[yunuzov]

Well personally i prefer holding my coins in the exchange wallet because it is much more easier to reach if you have to make quick sell or quick buy. Also if you keep it your wallet you have to pay a fee every time you want to use it on a trade. So exchange is very practical and easy if you are sure it’s a trustworthy exchange.

[1714182595]

1714182595

[1714182595]

1714182595

[Titanos]

Exchanges are not safe, they can be hacked or scammed and they don't give you private keys to recover you funds. You better save each coin in its wallet and keep your private keys safe.

[1 currency now]

Wallet. The safest way to hold Cryptos..

A wallet is what I use. There is no reason for me to use an exchange because they can shut down at anytime.

[GlennEfrain]

I have a question.

What is better? To keep your coins on some Exchange site or to open wallets for each coin?

I would like to hear some advice.  What are pros & cons of each option?

Thanks

I only use the wallet because it is secure the coins and it is easy to use without hardworking and it is more reliable.

[topchiiy86]

If I need to store my coins for a long term I usually use wallets But in most cases I just deposit coins to exchanges, set a sell order at a needed price and set an alarm in Blockfolio. Though it less safe, but in case of sudden pump you can miss it if you hold your coins in a wallet. So I would say that my portfolio is spread like: 20% in wallets and 80% on exchanges.

[xPASTELx]

Wallet will always work for me, exchange is way too vulnerable and prone to hacks, wallets also give you total control of your coins and the security of your investment is all on you

[Transformbitz]

I rather to pick Exchange here.. coz some pump and dump group will give you a big profit if you just raise your target price. But ofcourse it's not recommended by many coz there's a hacking incident before so better to keep your precious coin in your hardware wallet or web wallet.

[Basketball5]

I think it is better to store your coins in a wallet. Once a trading platform is hacked say goodbye to your  coins. Though having your coins in an exchange is quite advantageous too, let's say the price of the coin suddenly went up, you can easily trade it. Having it in your wallet, it will need quite some time to be confirmed and during this time price might have already dropped.
If you're in with holding the coin for a long time, store it in a wallet.

[the_viper]

To keep your coins secure put it into your wallet and exchange whenever you want to,or whenever it it is needed but if you put it into exchange there's a chance to be hack and goodbye coins-goodbye profit so you better put it in there and secure all your wallet do everything not to steal it

[paulus51]

To keep money on the exchange is a silly decision. It is safer to store money in your wallet. It is not necessary to create a large number of them, at least one

[makladun]

all always depends on the purpose of short or long term investment and if I buy or sell coin for a short period of time, I`ll store on the exchange site and not withdraw money to save fee.

[bestariaz]

Its a two different things for different purposes, if you want to trade then you better use exchanger but I recommend that never hold a coins for a long term in exchanger, better save it in your wallet.

[Crytptomeniac]

Wallets are definitely the better option because an exchange can get hacked at anytime which means that you lose your coins in the case of a hack but with a wallet your coins are much safer with you as long as you protect it.

[icocheckr]

Definitely a Wallet of course. Exchange-hosted wallet which we will automatically get after opening an exchange account, do not let you to have any control of your public and private keys to that wallet. 

[warr1979]

I think it is better to store your coins in a wallet. Once a trading platform is hacked say goodbye to your  coins. Though having your coins in an exchange is quite advantageous too, let's say the price of the coin suddenly went up, you can easily trade it. Having it in your wallet, it will need quite some time to be confirmed and during this time price might have already dropped.
If you're in with holding the coin for a long time, store it in a wallet.

Exchange like Bittrex, Poloniex, Bitfinex, Binance, etc. and other trusted exchanges are the exchange will refunds for investor if they got hacked from attack by hacker.
Coincheck is a new exchange in Japan, although 500 million dollars of NEM stolen by hacker in this year, but they still refunds all that amount for those who used their system lost that amount.

[kanmo]

I think its safe to keep store coins in a wallet. Exchange can be hack at anytime for instance we have heard about exchanges been hacked over the years but if you store your coin in a wallet which you have the private key and you did not expose then you are safe.

[OlinEmerson]

I have a question.

What is better? To keep your coins on some Exchange site or to open wallets for each coin?

I would like to hear some advice.  What are pros & cons of each option?

Thanks

I think both are good but I choose the Exchange because it is more reliable.

[BenjaminFranklingwould]

If you asking this question quick answer would be - wallet is better(safety, only you own your tokens)

But if we compare those 2 choices:
-Wallet(s) is for long term investment(most of the deposit)
-Exchanges and hot wallets(online or mobile) is for the quick access to the tokens. For example if you are day trader and you need big part of you deposit to be in the pending orders.

[joelembiid]

Of course the wallet. Your own wallet is the best choice. Exchange is unreliable. For example Mt. Gox. Mistakes should not be repeated.

[PierreCB]

I prefer wallet, but exchange is much more comfortable. But everything depends on what you want to achieve, what you want to do, everything ultimately depends on yourself.