Exchange or Wallet?

[Radzivill]

I think it's safe to keep it on large stock exchanges. It all depends on the amount of money invested in each coin. If you have $ 10 coins, then you definitely do not need to bother

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[tranbao194f]

I thing wallet is better to store your coin because the exchanger sometimes closes but sometimes there are hackers hacking your wallet. So both is good.

[easytipz]

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

Haha. If you have less than 10 BTC. Make it easy that store all it on legit exchanges. For example, Bittrex, Binance...
Keeping your coins in exchanges then you can easily buy/sell it at any time.

[Lavatein]

Any sane coin holder would choose to have a hard wallet for safekeeping. The reason is simply because you control your own private key which is a lot secured than those exchange sites. Also, during hard fork of particular coins, your hard wallet will just need some updating and you will be able to gain the forked coin. But it also depends on your preference, if you are going to use your coins on a daily basis say for trading purposes and then convert it into fiat for your daily expenses, then I suggest have your coins stored in an exchange site for easy liquidation.

[klser]

I prefer to keep my coins on exchange if I want to day trade or if it is not a big amount. For  long term investments I use cold wallets.

[nnguyenson198]

If you are holding long term, Most definite a wallet. If an change goes down you can lose all you coins. I always recommend the Ledger Nano S. If you are trading just keep what you are currently trading in.

[STIKS1911]

Your choice depends on what you want to do with these funds. If you trade these coins, then you need to keep them on the exchange. If you bought these coins for a long time, it is better to bring them to the wallet at once, so that your funds are safe. Because the examples of Mt.gox and btc-e show that it is better to store money on wallets.

[Myraidcoins]

If you prefer the hold strategy you should to keep your funds on the cold wallet, because it is much safer than on exchange. But traders are forced to keep their funds on exchanges in order to respond quickly and trade.

Sometimes i do trading, but keep my money on cold wallets. Transitions pass quickly, so I see no reason why I should take risks and keep my money on stock exchanges. I keep some of the assets on the exchange, but usually these are very small coins for which I do not want to make a wallet.

[hoangtube932]

I would prefer storing your coins in the wallet rather than saving it on exchange. My coins are safely stored in my wallet and so far my coins are still secured. Many users have already proven that it is much safe in wallets, but it depends on the wallet we will choose.

[coterechard]

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

[CryptoProphet]

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 best option, use wallet for long hold. And use Exchange for coins where you have some doubts but you bought them. When you use Exchange, there a chance of lose all coins, without your fault.

[przclducdm532]

Its depen on what's you going to do. If you are a trader, you have to keep coins on some exchanges. Its good to spread coins on few exchanges to reduce risk.
If you are a investor or long term coin holder, better to buy a hard wallet or offline wallet.   

[NewBet]

You really do not have to pick between the two because they are both needed and they both serve different purposes and are both important if you are an investor. Exchanges is where you buy and sell your coins when you want while wallets are where you keep and secure your coins after you get them. One does not serve the purpose of another no matter the situation

[Pologons]

To keep your coins secure put it into your wallet and exchange whenever you want to,or whenever it it is needed but if you put it into exchange there's a chance to be hack and goodbye coins-goodbye profit so you better put it in there and secure all your wallet do everything not to steal it

[Bas01]

As for me, it is best of all a physical wallet such as TRESOR or Ledger Nano S as they represent the highest degree of security for bitcoins or other cryptocurrency.

[merchik]

Of course, wallet, man

[Coffeehot]

if it is worth more than five hundred dollars , i will apply for a cold wallet . for small coins , i will put it in the exchange . easy to trade . wait for it to add value .

[Bosx1ne]

It is obvious that it is better to store our coins in wallet than in exchanger. The purpose of the wallets is to keep safe all of our coins. The reason why it is better to store our coins in wallet is because it is more safe than to store in exchanger.

[Mars13]

Better to use secured exchanges for trading and storing some coins. I would not use an exchange to keep my coins long term but for day trading they are fine. Just make sure you are using a reputable exchange with decent security measures.

[Megashaw]

Wallet whereby your private keys are held by you is better than exchange but a few coins can be put on exchange for short term trading purpose.