Exchange or Wallet?

[Malabarka]

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

The main advantage of the wallet is that it is Your personal wallet. The downside is that you can not be sure of your computer, how safe it is from viruses. And the risk of being hacked.
The exchange stores a lot of tokens and we should think that there is an excellent security system. But on the other hand, Your tokens are controlled by someone else.

[anhhung409]

I think every thing has its advantages and disadvantages. If it was me, I would choose to keep them in wallet. Because it is absolutely safe and no one can know it. However, if you keep them on the exchange, you can freely trade whatever you want. That is the advantage of it

[alex massi]

To let your coin stay in your wallet exchange if your wallet is off line. Maybe the best is keep your coin in both to avoid instant lose if there will happen to one wallet.

[Alex09012004]

In my opinion it's not the best idea to keep all the money in only one place. That's why i prefer to keep tokens on several wallets and also on several exchanges.

[ListenMiss]

Nothing is better. You need to know Do you want to hold for long term or short term. If it is short term, whatever you use. If it is long term, I think you should consider about your coins's security, you should use wallet, specially, hardware wallet.

[sjyku]

If the investment is a short-term investment, you can keep it in a stock market account. Staying in your wallet is more expensive than trading. You must pay commission and transfer fee. Long-term investments should be in your wallet, safer than exchanges

[ujinice]

I can't log into my poloniex exchange account and I do not hope to return my savings because the exchange froze it for no reason. My opinion is that for each coin, if it is not ERC-20, you need to create a separate wallet.

[gomeZLTC]

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 trade every day, I use the wallet exchanger because it is not convenient if using a wallet for each coin. for long-term investments, I use a wallet for every coin.

[Farvin2]

According to me it is safer and a way better option to keep your coins in wallets rather than exchanges. Because exchanges are mostly used for trading and all coins are not listed on all exchanges. So better to keep your coin in wallet.

[sergio red]

This theme is totally dependent on your demand, At first, you have to think what you want to do?
If you want to trade then you have to take an exchange. on the other hand, If you want to hold then wallet is best as you have total control over your assets. One thing you should know that You have an access to any wallet and you can send or spend anywhere you want.

[jt byte]

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

Always store your tokens on your wallet never on exchanges.
You will avoid losing money. Look what happened to MtGox.

[Magister Magus]

All life is a gamble, so you can not know in advance what the best decision is. In these cases it is better to separate the investments anyway.
Cold wallets are certainly safer, but they are static and produce nothing.
The exchanges are always at risk, but it is the only way to trade.
For prudence, it is good to use at least two or three exchanges.

[mdbelal1]

It is totally depend on you. If you want to trade then you should choose exchange and if you want to hold any coin to get profit then wallet is the best option.

[CoinCollect]

On the exchange of course you can store money, but I still think that it is better to store your coins or tokens in your wallet, as this is a more secure way to save your funds for a long time. So clearly keep the money in your wallets.

[runor]

If you plan to keep it is better to use a purse, and if there is not then definitely exchange!

[xadidos]

I would loose all my passwords in the case if I will have a new wallet for every new coin of mine, lol! imagine that quantity

[Sithara007]

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 are holding 50 or 60 different coins, then it is not viable to install Desktop wallets for each of them. So you may need to store the vast majority of them in the exchanges. But for the top 2-3 coins, you can install desktop wallets.

[Kazkar]

Everything is very simple. The coins that I trade are on the stock exchange. Those that do not trade are in the wallet. It is better to keep your coins for retention on your wallet.

[goldexp83]

I think it depends mostly on your investing strategy, are you holding or trading?

if holding, then has your own wallet, I prefer something mobile like Trustwallet that can be used on a phone.

if trading, be sure that is a reliable exchange that has very high-security protocols and such (like Binance)

[musta5a]

According to me it is safer and a way better option to keep your coins in wallets rather than exchanges. Because exchanges are mostly used for trading and all coins are not listed on all exchanges. So better to keep your coin in wallet.

main reason is safety. If you have your coins in wallet where you have access to your private keys, no one will enter it except for you. When you hold your coins on exchange, you need to rely on them