Exchange or Wallet?

[Gras]

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

Wallets are more reliable. They are more suitable for storing coins on a long term. The exchange may be a Scam, or just freeze customer accounts (as it was for example with the exchange Poloniex). However, if you plan to trade, it makes sense to keep the coins on the exchange.

[deodecagone]

Of course, it's better to keep your money on your wallet than on the stock exchange. Why should you keep your money from other people's people? After all, the exchange can be hacked or it will just cease to exist and no one will return your money to you!

[myxamop]

NEVER hold your coins at an exchange. They can at any time deactivate your account and just steal your coins. If you have your coins at an exchange THEY ARE NOT YOUR COINS.

[kingpes14]

It depend at your trading style, if u have coins for long term for sure its better to keep them in wallet but if u are short term trader u need to have them in exchange because sometimes some coins have dumps and u can buy them fast.

[Deborah]

Why do you want to keep your money in an exchange without a deal, so you'd better put your money in a wallet that controls the private key to protect your crypto coin.

[Manyak]

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 not a treder you can use wallet because it is good for you.
If you are a trader tgen you must use exchange it is the best for you.

[membis]

Of course Wallet is more safe than exchanges, if exchanges is gonna be hacked all coins gonna be took from others and u ll let without anything, a lot of times this happened before.

[AzamNurWahid]

of course very safe to put the coins we have in the wallet because I saw some time ago there was a hack in some exchanges such as coinsmarkets and many people who lost money there

[Cryptomonyet]

it's depends on your self, if you want to use your token/coins for daily trading you should keep on exchange, if you want to use it for long-term investment then keep it in the wallet would be the best decision.

[bitfather]

You should use wallets to protect your coins or tokens from stole. Exchanges are so risky to hold your tokens there.
Also hardware wallets are more safer than online wallets.

[DonaldTramponald]

If you trade coins every day, you can keep them on the exchange.  And if you have a large number of coins for a long time, it is safer to keep them on your wallet.  Many coins have separate wallets.  It is also convenient to use MEV.

[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

[abderrazak belkhir]

i prefer to keep my coins in a wallet and send them to exchanges once i want to trade it...i think that keep couns in exchanges in not realy a safe way

[kaylinmaxx]

Ask yourself why you need coins on the stock exchange?! Trade is not a problem, but if you buy on the stock exchange and want to store coins 2-3-4-5 years, then of course choose a wallet and it is better if it is a cold wallet.

[blo8i]

Exchanges are not wallets. They are adding counterparty risks. It's way safer to use a hardware wallet like Ledger Nano S, def worth the money.

[Hektur]

Wallet!
If you dont want to loose your money.

There are still some attacks on exchanges, and it's not safe to keep your coins here. Last attack was on Binance, but they survived it and even earned  .

[xadidos]

I am not holding a one coin in one wallet, but it sounds logic for me to create new wallet for every coin more secure

[Mikospark]

I think for the reason of security keeping your coin with exchange is better because they have a better and stronger hacking proof than wallet created by individuals. But each person has the right to chose where he or she prefer.

[Altryist]

i prefer to keep my coins in a wallet and send them to exchanges once i want to trade it...i think that keep couns in exchanges in not realy a safe way

I think that most investors use wallets and this is correct. Almost every post or article about security says that you can not keep your tokens on the exchange - this is fraught with the loss of all your investments. This has already happened and to ignore this warning would be foolish.

[shushu9977]

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 want to business or trade, then you will keep few coins in Exchange site. It also depends on long or short term. It is almost impossible to keep your coins in Exchange site. So, we need to open or create wallets.