fempat
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May 10, 2018, 09:33:51 PM |
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Exchanges are to be used for what they're called - exchanges. However, some exchanges offer wallet services but I have been trying to look into this seriously. As a principle, Ii always store my tokens in a wallet which I have access to its private keys. There are many apps and services that enable you to create wallet but do not give access to the private keys. Run away from such, except with good reason not to.
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No Gods or Kings. Only Bitcoin
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m9shn9sh
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May 10, 2018, 09:34:54 PM |
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Many case about exchanger got hacked. Its more safe if we keep our coin in hard wallet like trezor. Its more safe because it can not access as long we have that trezor. Hard wallet is best option if we want our coin secure...
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Hillthy
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May 10, 2018, 09:36:02 PM |
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For short-term traders and holdings, investment in the market is expected to create flexibility and suit the situation and fluctuations of the market. To me, that's the crypto storage on the exchange page. Bitfinex is a safe choice and its reputation brings me peace of mind. Whatever reacts to fluctuations, you can be flexible to exchange crypto> usdt to maintain or vice versa.
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Starscream
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May 11, 2018, 10:42:54 AM |
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If you want to trade you need to exchange, and if you want to hold the best way to have a total control over your assets is a wallet.
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Eleanorjean11
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May 11, 2018, 04:36:32 PM |
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actually keep the coin in the exchange is also safe, but you still need to have a wallet account. for every transaction, we need btc or eth address, so coins can be sent to destination address. if already sent, then automatically on the exchange will also exist, because we have imported our wallet account there.
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JRDuran
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May 11, 2018, 04:37:25 PM |
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Wallet the best and av
Advisable if you are planning to hold but not in any exchanges.
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soname12
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May 11, 2018, 04:38:35 PM |
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I keep a minimum of coins on an exchange that I use for trading.
Because an Exchange could go offline or could be hacked.
It is always a risk!
There is certainly a risk on the exchange. But it will rarely happen. Some online wallets such as myethwallet, I think it also contains a lot of risk on the internet because there have been many cases of users stolen token |
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jatin729
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May 11, 2018, 04:40:45 PM |
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My suggestion to you if you want to store coins for longer period of time than you have to choose wallets instead of exchanges.
because we have seen recent example of Yobit exchanges few months ago. Yobit exchange had seen bad situation due to some reason, that's why they have stooped support .
that's you can use exchanges when you want to do trading.
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mikki14
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May 11, 2018, 04:44:49 PM |
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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
Depends on you. The pros of using a wallet is that you have your private keys, when your coins are in an exchange you are relying on the 3rd party security. And if you will open a wallet for each coin I think it is more risky especially if you have a lot of coin, it would be better if you will use an ERC20 wallet. And if you want to trade, if it is stored in a wallet, you will pay more fees. Fees to transfer it to an exchange, fees for the exchange (coin to other coin) and fees for transferring it back to your wallet and fees when you want to encash it. |
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ZBer_Cut
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May 11, 2018, 04:45:18 PM |
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When you have little amount of money you can leave it on exchange to trade it. But when you have important funds in stake you have to keep them safe. Wallet it's essential, mandatory.
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seandiumx20
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arcs-chain.com
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May 11, 2018, 04:51:19 PM |
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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 sites is not safe like what happens on Etherdelta a long ago. There are many tokens that has been gone in the exchange. It's better to secure it on wallets because it has a maximum security and there is 100% assurance on it. Some exchanges are having maintenance and because of that there is something errors happening so 50% of tokens is being gone. |
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coinbergh
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May 11, 2018, 04:55:00 PM |
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I think wallets are safer than exchanges. There are so many exchanges and you don't know which one is trustable? Also we are using so many exchange at the same time.
On the other hand, if you are hold your coins/tokens long term, the answer is definitely wallets. Physical wallets are another option for keep your coins/tokens. Ledger, Trezor etc...
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vitkamenev
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May 11, 2018, 05:08:57 PM |
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Of course the wallet is safer. Especially if you have a" cold wallet " that you store on a flash drive and observe all precautions. I do not trust the exchanges, transfer to them only in case of transfer to fiat.
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vladaziya1
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May 11, 2018, 05:19:56 PM |
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For me it is better to wallets, because it is safer and more convenient (for me personally). And so you yourself should study which way is more correct.
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xmas7
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May 11, 2018, 05:33:02 PM |
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Depends how much crypto you have. If you have less than 500 USD in crypto, you can keep it on exchange with 2FA. But if you have more, rather withdraw it to wallet and secure your wallet properly.
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cryptonad
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May 11, 2018, 05:33:24 PM |
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If you are planning to hodl your altcoins for long term it is better to keep it in the wallet. For safety reason, it is advisable to keep your altcoins in more than 1 wallet just incase in worst case your wallet is hacked then you will not lose all your investments. Keep altcoins in exchanges only if you are planning to trade it at the earliest.
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Chronner
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May 11, 2018, 08:00:14 PM |
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Kiddies, keep your coins in stock purses. So it will be easier for you to lose them. The exchange can close and your coins and tokens will remain with the owners of the closed exchange.
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Fedrey
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May 11, 2018, 08:10:31 PM |
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Kiddies, keep your coins in stock purses. So it will be easier for you to lose them. The exchange can close and your coins and tokens will remain with the owners of the closed exchange.
The fact is that it is much safer to store coins on a purse. The address of the coin of any exchange is only places for transfer and for trade in coins, but not for storage. |
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Lisa110386
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May 11, 2018, 08:18:16 PM |
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Of course, it is better to keep your coins on your wallet. Coins that you have on the exchange, in theory you do not belong. And if something bad happens to the exchange, you can lose coins.
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hovrah
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May 11, 2018, 08:29:44 PM |
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Of course, it is better to keep your coins on your wallet. Coins that you have on the exchange, in theory you do not belong. And if something bad happens to the exchange, you can lose coins.
I completely agree with you, as many times this has been said about and many times there have been bad cases, with the loss of personal funds from the stock exchange account. |
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