Exchange or Wallet?

[phuongthaopt212]

If you want to do trading and make your coins active and growing, go for exchange. If you want to hold your coins and wait for the right moment to sell them, go for wallet. Wallet is for storing your coins.

[Euroda]

Well if yoy are going to do some short term investmeng why not put it on exchanger so whenever it pump you can just convert right away but if you are doing some long term investment why not put it on wallet for much more safer

[Arwinkim]

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

Based on your need anyway. If you plan to trade your coin, just keep it in exchange wallet. If you plan to hold it for a quite long time you can store in online or hardware wallet. Or for security reason, you want to use a hardware wallet too. I think the cons using exchange wallet that your coins can be delisted if it turns out to useless coin.

[454875kio]

I think it's better to keep money in a wallet. Once the trading platform is hacked, say goodbye to your favorite coin. Although it is advantageous to use COINS in exchange, you can easily trade if the price of a coin suddenly rises.

[-Maks-]

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

Does myetherwallet not allow you to hold any coins, even those that have not yet entered the markets? I just use it and I'm fine with it and I don't bother.

[Bosmuda]

Keep them in your wallet, you would never know what will happen to the exchange whether its hacked or they are runaway. Be careful when keeping coins too long in exchanges.

[bondali]

If i just want to keep the coins i will choose wallet, putting coins in exchange is something i classified as risky, even the biggest exchange can close down overnight and just give an explaination of not enough funds for operation or some similar explaination. Even if you can get back your tokens the whole process will be complicated and time consuming.

[peie3691]

This is a difficult problem because it is safe to put it in your wallet. But if there is candy, then you need to use a private key to unlock it. This is a risk, but if you put it on the exchange, you can get candy directly, but if you are hacked, you can lose everything.

[chrisfatos]

I prefer having a wallet because that gives me more security over my coins

[henry clinton]

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.

[xcxcxxz52]

I think short-term purchase and then sale, I think the stock is best on the exchange, if it is a long-term hold I personally feel that it would be better to put gold coins into the cold wallet.

[cryptoenterprise]

A hard wallet is the best choice for long term hold but if you're into day trading then you have to keep it in the exchange. As mentioned by others the exchange is not as safe (it can get hack or close down) as a wallet and not nearly as safe as a hardware wallet.

[deddod]

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

To facilitate trading, I prefer Exchange wallet, in addition to easy and simple if you use 2FA in the exchange, then all your tokens will be stored safely.

Using an offline wallet for each coin in my opinion is not very effective.

[the_viper]

Don't put your digital currencies on crypto exchange sites. Only use this crypto exchanges when there is a need to exchange your digital currencies. If you only know that there are many cases of crypto exchanges accused of being a scam or got hacked. It's not so safe to put in all your coins there. So use wallet instead of using the former as your digital currency storage.

[blackblue986]

 If you write these down (again very securely) and lose your app, program or PC. You can recover the wallet with the seed or private key or wallet file.

[Dpat]

Both are good but if you want to hold for the long time then choose Wallet and that provide the private key for which you only access your account and it will only up to your devices. But, for trading you must hold your asset in the exchange account.

[Starscream]

If the price of the coin went up, then you can easily trade it, but of course having your coins in an exchange is also advantageous.

[Dingdong7]

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 my high volume coin ia basically stored in hard ware wallet. This allow me to secure and keep my invest secure, it safer than a wallet since no one can hack and can intervene. Though I have funds in wallet, so anytime I could get it whenever there is an emergency. There is also a exchange wallet which really designed to store coin, its risky but not bad to use for low volume coins after all it has security features also.

[LowBrain]

Ive already lost my money on LR and Btce... and ready again Bitcoin and good alt have to hold on mew or official wallet.

[|Bitkoin|]

Leaving your coins on an exchange is way more riskier than leaving them in a wallet. Exchanges can be hacked at anytime and since there are no added securities like passcodes needed to transfer out a coin, you can lose all of your coins in the case of an hack and there is nothing that can be done about it. Always transfer out your coins to a wallet controlled by you once you are done trading.