Exchange or Wallet?

[styca]

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 generally a better idea for long-term. But for anything that you are trading, obviously keep this on an exchange.
I would say the best advice is to spread your coins around - several wallets and several exchanges, so that you are protected if one exchange gets hacked or if you lose one wallet private key.

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[cpoer2011]

It depends what do you want it to do. If you want to trade the coins you use an exchanger wallet but if you want to hold your coins for long term period you can use PC Wallet. Please be careful if you want to use an exchanger wallet, you better find a good exchanger because some exchanger has a problem with transaction or complain etc. The best is using PC Wallet because you are fully take control your wallet.

[SoulEaterRR]

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, the wallet will be more effective, you can choose a multicurrency one. For the exchange, coins are used that you do not have for long and you want to get a quick profit from the pump. But keep in mind that online wallets are not the best choice.

[jrrsparkles]

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

Keep your coins in exchange if your are a trader because it will save the deposit and withdrawal fee so you can get more profits but it is risky to store it in the exchange since the chances of getting hacked is more.
Keep you coins in wallet if you want to keep your coins securely for long term but some wallet don't have custmoizable fee so the fee will be high if the high traffic in the blockchain.

[plr]

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 active traders it's ok to put some of your coins in exchange, but if you are a long-term holder then the wallet is your best choice, but do not put the majority of your coin in exchange, we have seen a lot of complaints on exchange, being hacked or compromise, so play safe wallet is still preferable.

[ardyology]

Any sane coin holder would choose to have a hard wallet for safekeeping. The reason is simply because you control your own private key which is a lot secured than those exchange sites. Also, during hard fork of particular coins, your hard wallet will just need some updating and you will be able to gain the forked coin. But it also depends on your preference, if you are going to use your coins on a daily basis say for trading purposes and then convert it into fiat for your daily expenses, then I suggest have your coins stored in an exchange site for easy liquidation.

[Meycell]

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 wallet because wallet is more safety, for exchanger is more simple but i'm afraid because exchanger prone with hacker
and now many people make phising exchanger to crime

so if you want to invest my suggest is saving in hardware wallet

[inyakizuryel]

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 best for me is using wallet most especially when you want to hold your coins in long term it will be more secure. From their your coins will be more safer and investing using wallet will always be the best than giving your coins in the exchanging site. If you will read more and more you will see that most of the answers will be in favor of wallet.

[Captain Crypto Pants]

I would almost always say wallet.

Keep your private keys, private. Wallet.dat files saved and backed up.

A possible happy medium would be Crypto-Bridge, it is a wallet and an exchange.

[sedahan13]

If you would like to buy some coin for long term investment like more than 1 years much better keep all that coin in personal wallet that we have the private key so we have full control with our money. But if you buy the coin for day trading you can put the coin in some exchange, and to minimize the risk use more than 1 different exchange, because now many case about hacking of exchange.

[pabpete]

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 generally a better idea for long-term. But for anything that you are trading, obviously keep this on an exchange.
I would say the best advice is to spread your coins around - several wallets and several exchanges, so that you are protected if one exchange gets hacked or if you lose one wallet private key.

You can store cryptocurrency on an exchange.A friend of mine thought that Coinbase was a wallet.While it does have "wallet-like" features - such as the "vault"to make you "feel more secure"It's still an exchange. Coinbase holds the private keys.

[LazyBitInvestor]

Just remember one thing - while you hold your coins on exchange - it means that you store you coins on somebody`s wallet. It is not safe at all.

[spawnycrypto]

Since only you know your private key, a wallet is better for you especially for the coins that you decide to hodl for a long time. I believe it is also better to have some BTC or ETH in different exchanges not to miss any opportunity.

[Wilsonthebitcoiner]

If you are holding coins  for the longterm, it is imperative you keep the coins on your secure wallet and then safeguard your p[rivate keys and back up. i would prefer an hardware wallet or utilise the various options of wallets

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[Adil Amim]

Depending upon how long you will keep the coin, if you are investing for long-term holding use a hard wallet, because wallet is more secure in my opinion. And if you are trading then exchange is more convenient.

[axiline]

If you want to exchange it now, it will be better if you send it to the exchanger, but if you want to wait for the price to be high, just save it in your wallet, because you can access it at any time.

[pasagir]

Easier to keep on the exchange. Rightly keep coins on a hard wallet!

[hubballi]

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 upto which exchange it got listed, If i am trading on that coin then i leave them in exchange, if not i just keep in my wallet for safe. Because keeping coins in exchange is risky. Only daily trading coins are to be kept in exchange.

[engrlodi]

I think it is must safer if you save your coin in the wallet because I think waleet is much secured than exchanges. Sometimes, exchanges have a big possibility that can be hacked than wallet. There is wallet that can hold many tokens like myetherwallet. It is a good wallet and it is a secured wallet after my experience in there. But if you want to exchange it already, you should be better send it already on exchanges and save it already in your wallet. I always preffered wallet because it has a private key, and etc to save your wallet.

[Xfactor06]

It is advisable to keep your coins in a cold storage or hardware wallet. Cons of keeping your coins in an exchange is that the site might get hacked and you might lose your coins.