Exchange or Wallet?

[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.

[1715166879]

1715166879

[juiceannabel]

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

exchange wallet is okay. but just remember, exchange may have control on your wallet too, not only you.
if you have your own wallet, you have full control on your wallet and only you alone.

[tachi641]

It depends on the situation, it’s better to have a wallet if you want to keep it. But if you’re in trading, it’s better to exchange. But I suggest to keep your coins and tokens in your private wallet, because it is more safer than exchanging. Exchanges get hacked and your coins and tokens will be lost. So it is more safe to better use Wallets for storing your coins and tokens.. Exchange immediately!

[enlightened]

i refer to you probably wallet is the better option because it is safe and less chance to stolen your altcoins. yourself keep your private key then only it is safe. in exchanger you are giving private key to the exchanger. so better keep your altcoins in wallet. then only it is less risk.

[changemabika]

If you are a trader then you can store your coins on the exchange, and at the end of the working day return them to your wallet.  If you do not trade, then store coins on a hardware wallet.

[sambuki]

It depends on the situation, it’s better to have a wallet if you want to keep it. But if you’re in trading, it’s better to exchange. But I suggest to keep your coins and tokens in your private wallet, because it is more safer than exchanging. Exchanges get hacked and your coins and tokens will be lost. So it is more safe to better use Wallets for storing your coins and tokens.. Exchange immediately!

Yes, use our own wallet to store our coins and use exchange when we want to trade only. And never leave our coins at exchanger for a long time.

[HardWorker]

For long term always a wallet. Hardware is best like ledger and trezor.

[Hoxysado]

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

And are not you afraid to get into an unpleasant situation when you break into wallets? In this case, no one will return your funds, but there have been cases when the exchanges broke off and the owners of the brushes returned their money, which is why this is a very difficult question. Of course, if it's just not the moment when you put your money on for a long time.

[4ernuy]

Keep the coins in your wallet of course safely, but you will not have time to sell them when the sharp fall of the whole market begins. So I prefer exchanges.

[Shadovka]

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

Keeping in your wallet will be a better alternative for me.

Pro for exchange: You do not need to download many type of wallets for different coins as long as the exchange can support them.

Con for exchange: You will be more prone to being hacked in an exchange and if suddenly the exchange disappear out of nowhere your coins most probably will be gone also.

Pro for wallet: More secure if you are using wallet like metamask and you are the one holding the token which is safer than exchange.

Cons for wallet: Need to download different types of wallets for different coins

[Kelaychi]

exchange can crash anytime. i prefer to see my coins/tokens in my wallet

[christianst]

Both are good as they perform different functions. Exchange wallet is normally used for trading and you don't have full control over it while in terms of normal wallets you have full control over it as the private keys and even the address belongs to the owners alone. It's the best place to save your coins after trading in exchange it important you move your coins to your wallet for safety.

[jepoyr1]

I prefer wallet it's safe to hold your coins/tokens, And wallet is the one who can stack all tokens/coins when there's no exchange yet.

[Alex09012004]

I don't like to keep all the money in only one place. That's why i keep it on several wallets and also on several exchanges.

[OracionSeis]

no exchange is fully secure. one day the site can be hacked, the exchange can lost, the owners may disappear from the middle. in such a case the effect will be very large and the prices of all the coins will be affected. it is safer to keep it in the wallet as possible

But keep cryptocurrency in wallet won't improve the liquidity of the market, we must improve this thing to see the value of cryptocurrency can be stable and increase to new high price. Of course, secure our money is still the most important thing for doing. But, almost the traders do that will make the cryptocurrency quiet again

[Ania Alison]

I don't like to keep all the money in only one place. That's why i keep it on several wallets and also on several exchanges.

Last year I even chose those coins for trade, the output of the coarse stood very deshego. I recommend always to withdraw the crypto currency from the exchange on a cold wallet.

[markovi4mark]

In my opinion, this depends on the future plan. If it's going to be held in the long run, I think being stored in the token / coin wallet would be better. But if the plan will be held in the short term, it would be better if disempan on exchange, at least this will minimize the amount of fee when transfer.

[Alohadanc3]

Depends on you.What you are.If you are a trader, playing with your crypto all the day then exchanges are good for you.But if you are a holder then chose official wallets.Cause almost every exchange has a bad history of being hacked.And never put all your portfolio in one place, not in exchanges or wallets. I always prefer wallets.But if you into many cryptos its hard to store in one place(not talking about erc20 only).So chose what suite you best and always be careful.

[sinduarianto]

for my own I keep my coin in exchange because it is easy to see the market situation every time and it is safe to save my coin.

[Altas]

If you make use of the holdings regularly for trading needs, then it is good to keep hold of the assets within the exchanges. This provides with the convenience and for long term holding needs wallets were the right pick. Also it is a must to go through the reputation of the particular exchange so to stay away from hacks.