Exchange or Wallet?

[TIN1114]

I've been keeping my coins on exchange because it kind of reduces the expense of fees.

[lablab03]

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 i prefer to keep your coins in any secure wallets instead on exchange site, ' to make sure that your coins is in a safe place.  'cause honestly we are not sure if the exchange site will stay forever and to be honest there are some exchange site that suddenly disappear after a months  . So i think the good idea is to keep it in any secure wallets to prevent regrets. 

[chocolah29]

I think it's better to save your coins in different wallets rather than put them into exchange because we don't know the possibility of the exchange being hacked but the downside is if you wanted to sell your coins in your wallet you will need to wait.

Yes that's the con of having our coins in our wallet because sometimes we really missed the pump and I bet everyone knew that feeling. However, if our coins are in our wallet we don't need to worry if the exchange gets compromise. So it's a win or lose situation for everyone.

[kungfupandacoin]

I would put my coins in wallet becuase its more secured and you have the control of your fund while on the exchange you dont control your private keys.

[valnd]

If you are doing daily trader there is no point moving out your crypto off the exchanges. But if you are longer or mid term holder then you have to store it in their wallet. Good thing you have an off line wallet that support most of the cryptos. For erc20 you can use myetherwallet to store all erc20 token.

[tosmartak]

Yeah, i learned a hard way to keep my coins/tokens on wallet. There is a lot fogy business on exchange sites.

Everyone who keep their funds in an exchange will always learn the hardest way if something happens to the exchange. Y'all should ask those who have been a victim of not having their funds in a wallet they have the private keys. Always consider the safety of your assets first before anything else. That would make you stay richer.

[stan_]

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

Here is mu advice, only wallet. Only! Exchanger can be hacked and you will loose all your coins, so dont hold any coin there. Use Myetherwallet or metamask for safety. Or better to use cold wallet Ledger nano S is best one .
You need to make your safety by your own.
regards.

[pkb007]

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 exchenger is better then the wallet for keep coin. It is more safe to hold coin from the hacker. I have lost my some coin for keeping wallet. Then I use to keep or hold coin in exchenger. Hope you will helped.

[KTPU777]

If you do not trade, then you definitely need to store coins on purses. Never keep coins on the exchange. At the stock exchange, you only need to store the number of coins you need to trade.

[antolinicio1]

I think its not that bad to hold in exchange wallets if you set nice password and 2fa. You just need to not using suspicious unknown exchanges and everything will be okay, holding in personal wallets can be quite harder than this.

The point is not that the vulnerability exists in the event that the exchange can hack. The fact is that it is not safe to store the cryptocurrency on the exchange because there are cases when the exchanges were just closed and took away all the savings with them.

[mdn2007]

to save better wear wallet. basically to save with long time wallet safer than exchanged because the exchanges are all not safe to save a long time.

[george_crypto]

I'm long term guy and prefer wallets. I'm still holding some coins on the exchanges but most of the my protfolio in my private wallets.
But it is bad to miss some big opportunities sometimes

[cryptamod]

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

If you are planning to trade very often you should put your coins into exchanges,but if you arent going to trade or you are more in holding your investments you should put your holdings to a hardwallet,such as ledger and trezor which are the commonly used hardwallets today.This will protect your investments to the hackers,these wallets support mot of the solid cryptocurrencies today and some erc20 tokens.

[criticoflife]

People are always paranoid about holding on exchanges, but i have 6 different exchanges i hold on and i doubt all 6 will get hacked. So even if i were to lose one exchange it wouldn't be the end of the world for me. I did lose some coins on coinsmarkets when they faked having server troubles and supposedly temporarily closed but than never re-opened stealing everyones coins in the process. So it has it's risks.

[Muhammad Muneeb]

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

wallet is the best option to keep the tokens.. funds on the exchange can be stolen anytime. you can use myetherwallet to keep the ERC20 token while for coins you can use the desktop wallets

[otandelapaz]

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

If for keeping it is better to use wallets, It is safer because you're the only one who have access to your coins. Just make sure you keep all your details confidential.

Unlike exchanges, admins of those sites have access to your account even if they say that they'll keep it confidential. One "troubled" admin of the site can ruin everything, not just your coins but the whole reputation of that site.

[Rodimill8]

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

There is no exact answer to this question, but I would recommend wallets than exchanges. On the exchange, you can store funds for trading. If you invest in assets for long time, it is better to use wallets for each coin or use hardware wallets (Ledger, Trezor) It`s more safe

[Jobbernowl]

Do not store many currencies on the stock exchange. Leave there only the part with which you are ready to part. Already there were so many cases of different hacker attacks. From this no one is immune. Be vigilant and divide coins even into different wallets, except for the stock exchange purse. Keep it altogether separately.

[markovi4mark]

It's very simple! If you want to keep coins for the long term, then choose reliable wallets. If you want and know how to risk on the volatility of the exchange rate - choose a good exchanger.

[thebatletbet]

if only trading is good use exchanger wallet
but if hold longterm or collect coin from bounty is good use official wallet, sam Ple if ETH can use deksto P wallet or myetherwallet
bitcoin can use electrum and more