Exchange or Wallet?

[armlock]

At the stock exchange, I do not see any sense in storing tokens. It turns out that your money lies not with you, but with someone ... It is advisable to buy tokens on the exchange and keep them on your wallet. The exception is if you want to buy and sell them in a short time with a small profit! In this case, it makes no sense to pay a commission for withdrawal from the exchange.

[1715086261]

1715086261

[Parabellun1917]

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 keeping the coins in a wallet is calmer.

[mario00]

Leaving your coins in an exchange when you are not using them to trade or anything is very risky. You should never use exchanges as a way to store your coins because it is not advisable and when an exchange gets hacked, it is very easy for the hackers to make off with your coins with little effort and you could never get them back

[KotBas]

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 that the best way is to keep coins in your wallet, so it's safer. But you definitely need a new purse, which you did not shine anywhere, so that it would not be robbed by the mosquitoes.

[BlueDex]

I personally own BlueDEX, a decentralized exchange for ERC20 tokens. My view is that you should always withdraw back from the exchange once you are done trading. Also consider buying a hardware wallet for maximum security.

[herrysam]

If you want to hodl for a long time then definitely you should go for wallets. But if you are ready to trade then exchanges are good to go. I prefer multi-coin wallet instead of many wallets.

[h55]

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

only remember some of the hacking events of exchanges, they do not respond in most of the cases and you must wait to they can return your coins or money, but if you hold your money in your wallet, you will access when you want..

[meliodas]

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

only remember some of the hacking events of exchanges, they do not respond in most of the cases and you must wait to they can return your coins or money, but if you hold your money in your wallet, you will access when you want..

Yes, that is why I'd still prefered using wallets than exchanges because of what you have mentioned. At least we are the one who is in control when we are using wallets unlike if we are going to use exchange which we don't have the power on managing our coins there. Also, using a wallet is more reassuring than using it exchanges wallets.

[xxuandinh210]

In my opinion even the most reputable bitcoin exchanges are suspect. Not because of intention but because of the many ways an exchange is subject to attack.

[dolagani]

Wallets are generally a better idea for long-term. But for anything that you are trading, obviously keep this on an exchange. I would say the best advice is to spread your coins around - several wallets and several exchanges.

[xarly1]

At the stock exchange, I do not see any sense in storing tokens. It turns out that your money lies not with you, but with someone ... It is advisable to buy tokens on the exchange and keep them on your wallet. The exception is if you want to buy and sell them in a short time with a small profit! In this case, it makes no sense to pay a commission for withdrawal from the exchange.

[Sier86]

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 have big amount of crypto then use cold wallet for sure, but if you have less then 2-3 eth then you can use exchange wallets or metamask , it is not that risky

[Chefironside]

The better choice would always be to keep it in the wallet simply because the one who has access to it are the ones who has private key or seed which would be you and anyone you would provide your private key. If you keep it in the exchange then anytime the exchange will shut down, they are taking your coins from you and you can't do anything because you don't have access to it.

[geegaw]

The better choice would always be to keep it in the wallet simply because the one who has access to it are the ones who has private key or seed which would be you and anyone you would provide your private key. If you keep it in the exchange then anytime the exchange will shut down, they are taking your coins from you and you can't do anything because you don't have access to it.

I do not think so, every choice will have different security and weaknesses, and a proposal that I feel is most appropriate is the division of assets for both wallets and exchanges because this is a world of technology, without perfect security, we can not believe anything, bugs can always be exploited, wallet or exchange can always be hacked and stolen. We will lose everything when we focus on one place but if we divide, the chance to start again will not be zero, so both are the right choice but we should calculate and create the most convenient for trading

[BitcoinPaw]

Probably better to hold your coins on wallets and even better to use hardware wallets. Exchange sites and everything based on clouds are probably unsafe and can be hacked.

[bitcoinmux]

Both are the good options, if you are trader then exchange is the best option for you and if you are investor then go for Wallet and moreover wallet is more secure than exchange, and also if your coin is of POS (Proof of Stake) then you can earn more tokens from your wallet, and you have to  keep your wallet backup file secure.

[manhont]

On an exchange I hold only tokens on which I want to receive fast profit and at once to sell, other tokens I store only on mev

[zininaks]

Never keep the tokens on the exchanges. Always remember about the experience of Mt.Gox. Exchange-only for orders. I bought a token, push it into the official client currency if the long-term trading.

[kaylinzxz]

The best is to keep your coins in the wallet, the wallet you control your own private keys to the fund, the funds on the exchnage is not yours, exchnage can close down. get hacked or even hold your fund the way Bittrex did to some people recently

[arondaly]

I think it is better to hold your token in a wallet. It is more safer in wallet that in exchange. You must put it only on exchange if your are going to trade it. That is what the best thing you must do.