Exchange or Wallet?

[The Alchemlst]

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 is undeniably much safer to store your coins in your wallet rather than in exchange platforms. Exchange platforms have been a common target of hackers and a series of issues on which may affect your coins in various ways unlike being stored safely in wallets.

[bitdealer91]

Depends on your goals, if you are a trader, there don't always send from the wallet to the exchange. Otherwise it is worth keeping on your wallet.

[bluedragon11]

some of my coins put on the exchange and some of the others I put in the wallet. my reason is because the exchange sometimes closes. and in the wallet sometimes there are hackers who want to steal my coins. when the exchange is closed maih there is the rest of the coin in the wallet and when the coin is missing the wallet there is still a coin on the exchange. it's my strategy to keep the coins I have

[MetalEngine]

It seems to me that it is much more convenient to keep your coins on exchanges, so you can sell them faster before a sharp fall.

[mrspumpkin]

i prefer wallet. You should decide by yourself according , A large many coins are better to put in a purse. It's more secure.

[kayvie]

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

of course if you are keeping your coins, its better to keep your coins on wallet, especially on hardware wallet. because it is more safe to use than any exchanging site.

[Iyanu14]

It is far better to keep your coins on your personal wallet than on exchange. Anything could happen to an exchange it may be hacked or disappear but your wallet is always with you.

[Guryon_master]

Letting your cryptos in exchanges for the long time because you have no plan to sell it on that time is not advisable because not safe in exchange. Better to put it in wallet and if you want a high security level off line wallet is the best one.

[bitylon29]

Both exchange and wallet are useful in different areas. Day traders will always store tokens on exchange for easy transaction and to reduce fee, while long term investor will find a secure wallet to store tokens. 

[andriarto]

Letting your cryptos in exchanges for the long time because you have no plan to sell it on that time is not advisable because not safe in exchange. Better to put it in wallet and if you want a high security level off line wallet is the best one.

right, you should save your assets in a private wallet before you decide to sell it. i think it will be safer, given the many hackers who tried to break into the exchange, and suppose you want to save in exchange better keep on some exchange to make it more secure

[jonval21]

what i do is to put a small part of your portafolio into an exchanger and the rest into the wallet.
is better to keep really safe your altcoins or bitcoin.

[Zagor Tenay]

Exchange is good but Wallet is more safe as Exchange. wallet with private key for coins that you dedicate hold for long term investment. Remember not all of the wallets are fully secure too.

[honey0199]

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.

[ZirconiumX]

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 cannot exactly tell which is better, exchange or own wallet, im holding my coins on both - exchange,in my case this is binance, and wallet - metamask. Sometimes needs to buy something fast on exchange and not to lose time for transactions

[adsas08zbb]

Keep tokens on the exchange only in case of speculation. In case of long-term holding keep it on wallets. Try to have desk-top wallets and Ledger because online wallets are also not reliable.

[dinhanh069]

Wallets are the best for storekeeping your coins. It always was. Although you can always immediately trade your coins if it is stored in exchanges, but the security risk is much higher than when it is stored in your own wallet.

[Chefironside]

It really depends on what your intentions are. If you want to become a day trader, then it's useful to keep some of your coins in the exchanges (only the secure ones, so be very careful!!!), otherwise you're better keep this things in your wallet.

[cuongnguyen0540]

I think getting your coins in a reliable wallet is the wisest thing to do. Note, in keeping those coins, one has to sure of its security authenticity of any wallet to be used, hence hackers and scammers will eventually feast on those hard earned coins.

[Melnikof]

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 don't trust anyone, that's why I put small amounts of coins in different wallets and exchanges. Thus, I may lose only a part of my savings! In my opinion, it's quite conservative.

[MakarovMV]

Cold wallets are the most safety now. Exchanges have many vulnerabilities and can be easily hacked. Moreover, centralized exchanges just can disappear with your money without a trace.