Exchange or Wallet?

[jump4ever]

If we talk about the safety of storing your money, then certainly it is worth choosing wallets! Firstly, when you store on the stock exchange, you do not have a private key, your account can be hacked, even the exchange can be hacked and you lose all the money! But also the storage on the wallet gives you guaranteed safety and security.

[cr1st0f]

i prefer to use wallet, because its more safe, but if you got a lot of coins and small amount of them in $, then just use exchange because its all coins in 1 place.

[ThomasV80]

I think it depends on the purpose of holding the crypto, if its purpose holds crypto for a long time, I think wallet is the best. but if the goal is only to hold it for a short period of time, I think it should keep it on the exchange, because in the short term it will be resold soon. this is more effective for time and transfer fee.

[yannick225]

Exchanges are not wallet and wallet are not banks so wit's better to hodl your coin yourself and never trust exchanges becaus most of major platform has been hacked at leat one time so you cannot trust them for kep your money in the long term and in some area it's a more bad ideas, reminf you of Bittrex who restrict the account of many people living in some country for month.  Yet there are many negative impact on storing tokens or coin with this  options and that is by getting hacked since some of the exchanges are vulnerable in hacking. So if i were you select a digital wallet that is not always being used and stored your coins there if you are having some intentions to store your coins over a long period of time, but if you really want to keep them on the exchanges do it for a small percentage of your wallet(what you are a willing to really loose).

[jcmansah7]

I think it is better to keep you coins in your wallet other than on an exchange sites because there are several rumours about how exchange sites have been hacked making them lose huge sums of money. Just study and observe the market and know when to trade other than leaving your money on exchange sites. It is not advisable.

[coynedterm]

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

Ofcourse wallet , but here we need to make trade with our altcoins , so here a problem arise for us that if we will put our altcoins at their wallet then how we will do trade , surely it will not be easy task for us to do trade .
Since exchange are safe but not much safe , but still we can put our altcoins in small small amounts at different different exchange to lower the risk to loss .
In my memory about two time hack of the exchange wallet happened , first type of the etherium theft by the hackers from almost all the exchange and after that here with the bithump .
And never I found that any exchange get back , if will be happened then may be that get skipped my mind .
So we are not safe at the exchange but still can lower the risk to put at exchange by using multiple exchange and small small amounts of money to put at different different different exchange ( if one get back then rest of the m will remain safe ) .

[Japinat]

I think it is better to keep you coins in your wallet other than on an exchange sites because there are several rumours about how exchange sites have been hacked making them lose huge sums of money. Just study and observe the market and know when to trade other than leaving your money on exchange sites. It is not advisable.

In keeping your coins or tokens, you also need to diversify.
Putting our money on exchanges makes us easy to trade especially when we are setting an order, however the risk like you mentioned is always.
Minimize the risk by storing on different trusted exchanges and different wallets as well.

[phabulu]

Keeping your coins on an exchange is really risky especially if you have big amount. Even the exchange is trusted your funds are not safe on it and they can't guarantee that they can protect it all the time but when something wrong goes on and they are hacked, the right place for holding yors coins is on your wallet 

[hvdf112]

For long term hold wallet is more safe than exchange.

[pprun]

I think you are lookin for safetiness. Well, you can do it both in order to make something not everything will lost incase there will happens of hacking you. Be careful to your wallets especially if you own huge coins in it. Good luck and you can do it both for much better security.

[Dahman El_Harrachi]

i don't hold any crypto on exchanges unless they payed dividends for holding the coin like kucoin and fcoin. holding on exchnages is like giving away your private-keys or store them on evernote like ian shillina 

[tungduong598]

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.

[jacee]

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.

Simply keeping a coin in a wallet is not that safe and can have the same risk as having your coins in an exchange. One should really be carefull with their wallet and their backup. Be sure to store different backup copies. Getting a hardware wallet is the best.

[namtran694]

For me, its difficult to tell which is better but the only answer to that question is that it depends on the token you have that will make you decide if you are to exchange it or keep in your wallet

[Harlen.t]

If you want to trade then obviously an exchange. If you want to hold then wallet is best as you have total control over your assets. You have the keys to access wallet and you can send where you want.

[scambust]

The reality is most people leave their coins in exchanges because it's quite convenient that you can sell at a moment's notice. But the thing is, such people may have never experienced an exchange hack and then subsequently the exchange can't reinburse them for the coins.

It is risky to leave coins in exchanges, but no one new would listen.

[Bernardo lewanusa]

The reality is most people leave their coins in exchanges because it's quite convenient that you can sell at a moment's notice. But the thing is, such people may have never experienced an exchange hack and then subsequently the exchange can't reinburse them for the coins.

It is risky to leave coins in exchanges, but no one new would listen.

should we be more patient if we want to sell some of our coins,
if the market is bad like now better save in the official wallet not in exchange, too many risk.

[malekcap]

this inquiry depend on your goals! if you want ot trade them so just keep them in exchanges and dont withdraw them but if you are one of the long term holders so just withdraw it to your wallet it and put it there safe just dont forget to save the private key and pass words!

[greydking]

I am prefer keeping my coins and tokens on my wallet. Its good to save our coin/token in exchanges but I am afraid because hacker many time success to hack on exchanges wallet.

[rasp]

What is better? To keep your coins on some Exchange site or to open wallets for each coin?

I wouldn't recommend holding too many coins on an exchange, especially after the latest news related to exchanges being hacked.
You can keep a minimum amount of tokens for daily trading, but it would be better to draw them back to your wallet in the end of each trading day.