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Author Topic: Exchange or Wallet?  (Read 8754 times)
RoooooR
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April 08, 2018, 08:43:47 AM
 #1181

for the side of exchanges if the exchanges that you will be chosen has 2FA and other security measures well that's fine. the worst problem you'll be encountering is when the whole exchange will be compromised, massive hi-jacking of exchanges will be one of them. If you wanna keep it in your wallet well i advise for you to use trezor or nano ledger in order for you to be worry free. Because with that kind of security your wallet won't be accessible without it. Your main problem if you loss that thing, say goodbye to your holdings my friend.


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ApocalypseNow
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April 08, 2018, 08:49:02 AM
 #1182

Always keep it in a seperate wallet. There are many incidents in the pasts where exchanges are hacked or where people believe it was just made up like in Mt. Gox, bitgrail, etherdelta and so on.
MozAI2
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April 08, 2018, 09:05:10 AM
 #1183

Keep your coins in exchange if your are a trader because it will save the deposit and withdrawal fee so you can get more profits
Keep you coins in wallet if you want to keep your coins securely for long term
arthurgrand
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April 08, 2018, 09:10:01 AM
 #1184

It all depends on your motive first, if you are a trader you can't be leaving your tokens in wallets and be transferring them to exchanges every time you want to make a trade. If you are trader then it has to be in exchanges and be sure it's safe enough but if you are a hodler then it has to be wallets
Asmonist
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April 08, 2018, 09:23:49 AM
 #1185

Its better to have both. At least you have kept some in your wallet for easy cash on the go. You can easily convert it to local currency if price changes. Having an exchange is also good for trading. You can hold it anytime just like also in wallet. Maybe they just differ on the control that you can do. Both are reliable on the market price. The wallet is somehow easy to control.

Quesdana
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April 08, 2018, 09:28:21 AM
 #1186

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 would prefer to keep my coins in wallet because you are the one who are in control. Putting all your coins in an exchange is very risky considering that there might be hacking on the exchange which could result in losing your coins.
piebeyb
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April 08, 2018, 09:31:55 AM
 #1187

for the sake of security I think you better keep it in the wallet for long-term investment, if you want to profit from trading you can trade also there and take advantage menyimpanya on a trusted trading site

APICEMTECH
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April 08, 2018, 09:39:33 AM
 #1188

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
Always keep your long term coins in your wallet. I only keep coins that I am trading regularly with in exchanges. Remember that if you do not own the private keys your coins are never safe. If you have to keep coins on an exchange for longer duration for some reason, binance is the only exchange that I trust.

Iyanu14
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April 08, 2018, 09:42:45 AM
 #1189

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
For security reasons, it is the best to keep all your coins on your personal wallet. It is best secured on it. Exchange can disappear at any time. When you want to sell you can send it to an exchange.
Dadaro
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April 08, 2018, 09:49:17 AM
 #1190

I'm just new here, but base on my recent learned things here. It's more secure to store your coins in a hardware wallet. Also, it could be a great defense for malwares and attackes.
yourbird
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April 08, 2018, 10:16:58 AM
 #1191

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

For me, I think its better to you put it to your wallet because there's a chance to grow much more your coin and if it grows than before then exchange it. But It depends what you want to do, If you want to trade then obviously an exchange. If you want to hold then wallet is best as you have total control over your assets.
rippar
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April 08, 2018, 10:37:09 AM
 #1192

For me it is more safe to use a cold wallet, because i prefer the hold strategy. But if you are a trader it will be better to use an exchange as a wallet.
Jarek111
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April 08, 2018, 10:41:56 AM
 #1193

If you are a trader and want to speculate over crypto world it is better to keep your coins at the exchange. Keeping it at exchange also help you sell it at the take profit price you want. However if you intend to keep your coins long term probably wallet is best option (safety).
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April 08, 2018, 10:49:17 AM
 #1194

I think never leave you coin on the exchange, so many people have lost a LOT of money over there, you should always keep your coins in wallet and your keys safe, like MEW
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April 08, 2018, 10:53:32 AM
 #1195

depend of your coin that you have, sometimes some coin just available on some exchanger, so just makes account as you need
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April 08, 2018, 11:02:05 AM
 #1196

Normally it would be better to keep them in exchange to avoid paying fees every time you want to trade them but unfortunately exchanges are not still completely trustable.

Even big exchanges like binance is having problems sometimes. Therefore it’s better to keep them in your own wallet.
Lannie25
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April 09, 2018, 06:00:42 AM
 #1197

I still go for exchange because in exchange, it means you are making a move to make your investment grow. Exchange is way on how to convert your deposits or how to convert your crypto coins into peso.
maximal990
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April 09, 2018, 06:05:26 AM
 #1198

Wallet is always the best. You have control over your wallet paper or desktops. Online wallets are subject to hackers and the Government.
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April 09, 2018, 06:15:06 AM
 #1199

Keeping your coins with Exchange is like giving out your coin to a stranger or another person to keep or hold for you. It is preferable to me to keep my coins in my wallet. At least to avoid any possible unforseen risk associated with Exchanges.
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April 09, 2018, 06:22:32 AM
 #1200

If you want to trade, it's obviously an exchange. If you want to keep your wallet, the wallet is the best, and the wallet is the right place to hold the coin, so long as you protect the key, you can avoid hacker attacks.
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