Exchange or Wallet?

[adam24409]

If you don`t plan to trade them, then is better not to keep your coins on any exchange. Indeed, if you have many different coins, it`s more convenient to keep all of them in a single place, but you have complete control over your funds only if you keep them in your wallets. Obviously, a hardware wallet would be the safest choice.

[robertsznotins]

Well if yoy are going to do some short term investmeng why not put it on exchanger so whenever it pump you can just convert right away but if you are doing some long term investment why not put it on wallet for much more safer

[Edu martin]

as for me i prefer hold on wallet. I have some different coins and had some planing to change it before. Situation on market do correction in my plan. i hold on wallet

[djscreem01]

Saving all the coins in one exchange for me is not very recommended, because saving in exchange is very risky.
If you want to save on an exchange, better keep it on a reputable exchange but you should still review it every day to keep funds safe there.
I would recommend saving funds on a wallet.

[hdtqisg]

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 hold for long term coin, you should use personal wallet! Avoid Exchange instances, Personal wallet will lose synchronization time, But will certainly ensure more secure!

[xsaints128]

According to my opinion you should keep your coins and tokens in their respective wallets like bitcoin in its wallet, ERC-20 tokens in its wallet or NEP-5 in theirs, etc. Keeping your cryptos in the exchange can be quite risky with all the hacks and all. Recently, my friends binance account got frozen due to unknown reason and he had all his cryptos in that account.

[crossabdd]

if you want to keep your altcoin for long-term investments, and do not do daily trading. you should save the coin in the wallet. especially on wallet hardware. because the level of security is better than saving on the exchanger. this is prone to hacked. save in the wallet hardware, you are not worried about someone hacked your coin, because you can bring this wallet. such as trezor and ledger wallets.

[jenktosar]

Some users set a separate purse for each crypto currency (for example, Electrum-Dash or Ethereum Wallet). This approach undoubtedly provides a safe way to store digital currencies, because each of these wallets gives you the opportunity to control the private key. If the latter is stored in a secure place (for example, written on paper and or stored on a flash device that is always offline), then you can be 100% sure of the safety of digital savings.

[arthurgrand]

I think the best practice is to keep only those funds on exchange that you want to day trade or hold on mid term. For other assets and long term investments i think it's better to use cold wallets.

[wienzx99128]

Exchange is way too vulnerable to hacking plus your coin activities is pretty much exposed, wallets are safer bet as you can chose which one works for you and encrypt it in your own liking, always stay safe

[mars1245]

you must keep coins in your wallet always.exchanges are only using for trading

[DaryaDancova]

If you do not trade in crypto currency, but just want to buy coins and keep for a long time, then ideally you will need to create wallets for all the crypts you bought and store them there. If you trade in crypto currency, then keep it on the exchange.

[matedrink24]

I see any exchange has security  two authentication google . i want to know ,is it safe 100% for my account  ?

[the_dump1]

At the moment I keep my coins on the stock exchange, because I tried to start trading. Also, I keep them there in case the market dump to go to the tether.

[grimjoever]

wallet is still the best option. best and safer option. because many bounties right now warn you to not use exchange wallet

[mars1245]

wallet is best for long term coin hold.but if you want to  trade you must use exchange

[ApemQ]

wallet, I prefer wallet rather than exchange, the reason is simple, the potential scam between wallet and exchange greater than wallet exchange. therefore I prefer wallet to store my crypto instead of exchange.

[Stavri]

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 much more safer of course. there is less possibility to being hacked etc. but you can not act fast when you put them to wallet. in exchanges you can put sell orders and stop losses that has very good benefits for traders.

[lkcryptoman]

Unfortunately there are times that your unable to take a coin off of the exchange because your not allowed. then you have no choice. so to prevent this, whatever exchange your work with, make sure you can withdraw it before buying. Otherwise you have only 2 choices. sell (possibly for lower amount) or leave on exchange until you can withdraw it.

[goldencrypto9]

Exchange is a website that handles the transaction of bitcoin or other cryptocurrencies.
Bitcoin wallet is a provided service where you can store your bitcoin securely.