Exchange or Wallet?

[bamita132]

This is the most important of all that someone in the crypto should put in their minds. As a matter of fact we discourage systems that asks our private key as its like giving a password.

[PalindromemordnilaP]

Putting your crypto assets in cryptoexchange's wallet is a very risky thing to do in the sense that many major exchanges have issues  regarding those coins being deposited on their site. The hacking risk is a bit high and if it happens that the cryptoexchange is a scam, then all of your assets there will be lost for nothing.

[benjamin11]

It really depends on your preference. Both are great but with different uses. If you like holding a coin for some time, its better to use crypto wallet because it is made for crypto storage. On the other hand, if your the type of day-trade person, better to use exchanges because you can trade your coins on it easily everywhere anytime. You can also check the crypto market at real time.

[visixom]

if you want to hold for longtime wallet it's the answer, but if planning to trade it on Exchange will make it easier, so get back to your needs. if in bulk I prefer to keep it in my private wallet because of anxiety if there is a problem on Exchange but all back to your belief, if I better prevent.

[terkapar]

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

Wallet, avoiding frequent transactions.

[Arata]

Both have their respective functions. Exchange is reserved for those who want to trade, but we have to keep carefully keep the coins on the exchange because we do not have full control. Then if you want to just hold a coin, better use the wallet. I thought it would be safer.

[BeGoods]

Exchanges are always subject to hacking which many believe that the owners who are behind and just made up the hacking incident. So just keep it on your wallet because the only person you can trust is yourself.

I do not really believe in a third party, because they are also human beings who have a greedy nature, whenever they can do fraud or even a scam. I'm not very recommend to keep all your assets in exchange, as many users do that, save it just as necessary for trading, the rest save on a desktop wallet or wallet without a third party, it will be much safer..

[Haneul]

Both has pros and cons but I am using both to keep my coins but my preference is exchange because sometime we are in hurry to sell the coins immediately because of sudden spike in price but if we have it on Exchange then its possible we can sell instantly on the other hand Wallet is most secured place for the coins to keep it but sometime we face problem in transferring from wallet to exchange it takes long than usual  because of confirmations but it happens very rarely otherwise Wallet is the best and safe place to keep your coins always secured.

[rohican]

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

It seems that it will depend on our activities, but if we decide for long-term investment, maybe wallet would be better to be an option.

[RajaCripto]

I do not recommend you save money on wallet exchanger, I suggest you save your money on wallet like myetherwallet or metamask

[Konyox]

As for me it's better on the purse. For me, plus a purse in that it is more protected. Yes, probably for me it is the most important factor, all the same to withdraw money from the exchange easier than from the purse itself. A lot of people say that it is better not to store on the stock exchange.

[skaya7]

I can say exchange sites if you want to buy and sell but if you want to keep it safe you definitely prefer your wallet.I have been using it for years, the safest way

[Nunii]

If you are a trader then better with the exchanges otherwise, just hold it inside your wallet so as to be more secured in case of security breaches on cex or dex.

[ronaldo 1994]

Leaving your coins in any exchange will get your coins on a risk. So, It will be better if you store it in your wallet than exchange

[norcia]

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

In my experience when our coins are on the exchange, we will start thinking of other possibilities on coins being pumped for example. So unless we really aim as a trader, it looks like a wallet would be better.

[Coinseeker22]

Before you ask this question you have determine you purpose for storing your coin. If you are a long term investor and would hodl for an X number of year with big amount of investment, it is best to keep our currencies in a wallet that way only you have access on it and its is separate from any device that you use, In that way it is less prone to be hacked. If you would like to trade and want it more flexible to withdraw and or exchange you currency it is best to put on a secure platform.

[ilhamdoni]

Better keep your coins in the wallet. Once the trading platform is hacked, say goodbye to your favorite coins. Despite having your coin in exchange quite profitable too, let's say the price of the coin suddenly goes up, you can easily trade it. By keeping it in your wallet, it may take some time to be confirmed and during this time the price may have gone down. exchanges and wallets have pros and cons.
exchange gives you instant purchase and sale and 1 account is enough for all coins.
on the other hand your wallet gives you a sense of security.
day trader can keep his coins in exchange but for the holder it should be in the wallet.

[dwiady]

if you want long term I think mending in the wallet, because it could be later you will get a fee holder

[oli123]

When to hold money at the exchange ? When you want to pick a profit, because your cryptocurrency has already reached your goal and you sell it. It is your rational and planned decision, and you are waiting for a suitable opportunity in the near period of 1 hour - 1 week.
If you have a higher amount of money in the crypto, invest in your purses. Many expanded crypt assets can be safely held in Ledger Nano S. This is because of a possible hack currency exchange as was the case in the past.
Personally, I hold coins in wallets and it seems to me that it's a safe form.

[Liona88]

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