Exchange or Wallet?

[mdenys]

I usually do like this- for short - time trading I am holding half of my coins at exchanges ,but the second half of my funds is in my cold storage hardware wallets Ledger Nano and Trezor.

[marcus_v]

Here a lot depends on how you trade. If very often you will need to keep on the stock exchanges.And if you bought a coin for a year then of course you'd better start a purse.

[billykannithi]

almost exchange now is centralize, they easy hacked. You will more secure when you keep your token in decentralized exchange like bitshare. And you also keep your token in hard wallet (trezor, etc) and papper wallet to get more safe

[derigop]

It is smarter to store your coins in a wallet. Once an exchanging stage is hacked say farewell to your adored coins. In spite of the fact that having your coins in a trade is very worthwhile as well, suppose the cost of the coin all of a sudden went up, you can without much of a stretch exchange it. Having it in your wallet, it will require a long while to be affirmed and amid this time cost may have just dropped.

In case you're in with holding the coin for quite a while, store it in a wallet, and simply exchange it at whatever point you're prepared or you truly need to.

[bitcoinzen]

exchange and wallet both won't work for long-term blockchain asset protection but in long term, we should hold in hardware wallets like ledger nano and Trezor

[husanlarisa]

From security and safety point of view, it's better to keep them on wallets.
I use a lot of wallets to keep my coins safe.
You should send your tokens to exchange only when you're really gonna exchange them.
Good luck!

[crypto_futurer]

Keep crypto currency on the stock exchange only if you are actively engaged in trading. In any other case, keep your money, on the original wallets projects.

[Zykexia]

Using one wallet for your coin is much better, because you can easily monitor the you coins as well as the price in one. It is hard to remember all the accounts in different exchanges.

[Dolapoemmanuel]

if you want to trade your coins and tokens, it is better to keep them on exchange site  for market, but if you want to hold your coins and tokens it is advisable for you to keep them inside your wallet till you will be ready to exchange them i  the market

[Gorodcoin]

Exchanges could be hacked and the wallets also, but i prefer wallets as exhanges may suspend or freeze current coin and you can not do anything aboit it

[coinbirds]

On exchange You should store only that amount of coins which you actively trade with.
Lot of exchanges being hacked all the time so it is not secure to hold your cryptocurrency  there as you could not do anything if it happens.
We have some positive responds  lately from exchanges as they recovered the loss for investors.
The most secure is to hold your coins on hard wallets or offline wallets.

[Werr]

If you are an investor, you should keep your coins on a hardware wallet. This is a safe way to keep your coins.

[Parabellun1917]

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

There are good exchanges that I trust - it's Binance and Bittrex.
But I think it's safer to keep your money in your wallet

[Bit-Tech]

Hi. If you are going to trade much better keep it on exchange. But if you're going to invest on long time it should be wallet. So you should create some strategy before chosing.

[rosycrypto12]

You have to find a balance between guarding your profits and protecting your coins from hackers or exchange failures. If you keep your coins on exchanges , then you can set stop or stop loss orders to automatically sell your coins when the price suddenly drops. But you would be exposed to risks like hacking of exchange or exchange  failures . If you keep your coins on a hardware wallet , then you have to keep your private key in a safe place. But if the value drops , then you have to take the action manually .  So , according to me you should do both .  

[bungsoh]

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

This is what I do. Not suggesting that you do what I do.
I prefer to keep my coins in the wallet. (because I think it's safer). Exchange only I do when will swap my coins to fiat.

[ToddDiaz]

They are both two different things that serve two very different, very important purposes. But that line should never be blurred, they are both meant to be used for different things, which is why you should never alternate the job of a wallet for that of an exchange to store your coins, which is not advised

[marados]

If you are going to trade from now and then or buying some new tokens from time to time it’s probably better to just hold them on exchange because you will lose a lot of tokens by just sending them to wallet or to exchange every now and then.

But if you plan to buy and forget about them for a couple of years, then yes better to hold them on wallet you trust.

[@baoli]

If the owners of the wallet are not well-known do not you have to be careful. A friend lost 45$k worth of xlm in Dec in wallet that is personal. So it all depends.

[Palisills]

If you are good enough in security - go for wallets. Otherwise - top exchanges will be a better option for you.