Exchange or Wallet?

[alexhunter54]

If u make daily trading and u are short term investor its better to keep them in exchange because u can lose oppurtunity but if u are long term investor its better to keep in wallet its more secure.

[CoinboyBebop]

Storing your coins on the exchange is much more comfetable. But its also much more risky. But i can understand the people who are storing their coins on the exchanges. Because if you have like ten different coins, the people dont want to install ten different wallets. So some people would say its easy, yes it is. But you also have to backup them all. And Theres always some problem with all those wallets. Some of them have bugs, which is a safety risk. And then its also a safety risk for all your other crypto wallets you installed on your pc.

[mercer007]

Exchange is not a wallet. Coins in exchange is not real, it is just a IOU. Exchange can just go away or bankrupted or hacked, and you will got nothing.

Wallet is the right place to store your coins.

[olsyd]

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

All depends on what purpose to store coins, if for in the near future trading it's certainly better to choose an exchange, if for mining or for investment, it's better to have a cold or software wallet

[dizzy1996]

Hi, I'm happy to answer your question, in my opinion it's best to keep your tokens on your wallet as there they are in safety since on the exchange you risk losing all your tokens, the exchange will not be able to provide the appropriate level of security

[SarangWallet]

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 I think it would be nice to keep the coins in your personal wallet (Privacy) than you save on the exchange. Because if one day want to sell it in a better exchange then there is no need to draw coin from a previous exchange. This means you will save from transaction fee.

[freemax1900]

To keep you safe, keep in your coin purse

[Lang09]

Storing in exchange is risky because it can be hacked unless you are a day trader, it's better to keep it on exchange to lessen the transaction fees, but still it is risky. If you are a long term hodler or  investor, storing in wallet is a better option. Just take care your private key or password and make it highly secured.

[rujak cingur]

Egas is a scam, so nothing is expected anymore from Egas,
I think there will be no updates from Egas project, because dev has gone and will not come back again,

[kevindjunaidi]

if I prefer exchange, because it is easy when we want to sell the coin and safe because it is connected with the authenticator in our smartphone.

[rasp]

If you are talking about storing your coins, then of course it's better to choose a wallet! Understand, when you store your money on the exchange, you can not be 100% sure that your money is safe, because private keys are not for you! In addition, exchanges are often attacked by hackers!

[mohitgiri1]

People should keep funds in hardware wallet , best place to store crypto , keeping funds in exchange wallets are extremely risky , Hackers are keeps trying to Hack exchanges , (For security reasons people should not share api keys of exchange with anyome , The binance account  was tricked by API keys , ) Hardware wallets are best in my views , and transfer funds to exchange when need to trade )

[mmfiore]

Both obviously.

Multiple wallets if possible (even hardwallet(s)), and as many trade exchanges as you need with the disposable money you allow yourself to trade  .

[developer101dev]

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 and exchanger are just the same but i prefer placing my cryptocurrency on wallet, i use myetherwallet and i did not get any problem from it since before while exchangers has some issues that they are being hacked or they lost funds due to the drastic change of prices.

[jinxcreedy]

the question can be re asked. I will ask you if its better to keep your money in your own pocket or give it to a passerby to keep for  you? keeping coins in the exchange could be as a result of several reasons. The major is trading convenience and the cost of withdrawing to your own wallet. but the simple fact and truth still remains wallet preferably the hardware wallet is the best way to keep your money.

[raldix00]

i rather choose wallet than exchanger. lot of exchanger now are bieng hack. thats why for more secured i go to wallet.
Myetherwallet.com

[Pasnik]

i rather choose wallet than exchanger. lot of exchanger now are bieng hack. thats why for more secured i go to wallet.
Myetherwallet.com

Yes a lot of exchange are having an issues might as well use a wallet that is secured your coins. Like myetherwallet or hardware wallet keeping your coins in an exchange is not safe at all.

[Emmy92]

It's always Advisable to keep your long term coins in wallet not exchange... This will encourage you to hold for long, as you will tend to forget the coins. But keeping in exchange, you might be forced to sell when you experience dip. Also for Security reasons, that's why it's Advisable to keep in wallets.

[novita_gendut]

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. You have the keys to access wallet and you can send where you want.Some holders are having problems getting funds released from certain exchangers.

for now I prefer the wallet because for the current account is less good because now altcoin prices have increased, and it still depends on your own what you want and if you want to save money in the wallet it can be seen from the situation because you do exchange in the wallet will become regular exchanges and earn more profits

[kokotao177]

In addition, the funds can be stored on the stock exchange for rapid trade in the case if the rates have changed dramatically in any direction (up or down). But this is more suitable for those who invest for a short term and focuses on courses and trading.