Exchange or Wallet?

[tamarindbleu]

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

For me its better to have wallets for each coin since its the safest way to store my bitcoins and is more convenient for me because it is what i use ever since i started involving myself in bitcoin and it also makes me feel secured than any other options in storing my bitcoin.

[yohanflash]

Its up to you.. If you want to trade then obviously an exchange.. But if you a holder with big amount, it's better to keep your coins in you wallet

[auy]

If the exchanger supports two-factor authentication, I think you can easily store your coins there.

[Mujdem]

Exchange is more advantageous for fast trading on the market. I use Exchange when I want to buy and sell. It's healthier. For long-term transactions, I use Wallets.

[charms03]

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 prefer use a wallet on each coin that is the safest way, if you want to hold for a long term but if you want to trade just keep it on exchange and get updated on your self for the safety of your coin but still if that exchange will get hack you lose.

[bogacola]

Leaving your Bitcoin on an exchange is not considered a safe way to store your Bitcoins.
This is because exchanges are a huge target for hackers and are consistently under attack.

[nipunchathu123]

I think it depends on the necessity of the coins. If you want to trade those coin better to use a exchange but if you want to hold the coins wallets are the best places. However, there is some probability to hack our coins, tokens from exchanges. So, if you want to hold your tokens use an offline wallet to store them.

[100kk]

Even the best crypto exchange can suddenly stop working. Therefore, if you do not plan to trade, it is better to withdraw all your altcoins to a wallet. It will be safer for your money.

[Alohadanc3]

It depends on what are you doing.If you are aday trader then it's always exchanges.But if you want to hold for long term then go for wallet .I always prefer wallets cause it's less risky for me.we see many hacks and bugs in exchanges.So it's bad sometime .that's why I prefer wallets.its upto you.And if you hold many coins and they have many wallets then you can go for exchange.Cause it's easy to hold many coin in same place.BTW now many wallets have that features.

[reinerdar]

For a long time of course is to create a separate wallet and personally ensure its safety,if the exchange is robbed then it is unlikely you will see your coins.

[caoboinhacso]

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

Can you open wallets for each coin?? I haven't still understood clearly. I know almost coins run in ERC 20 platform and haven't have mainet yet which all use Myetherwallet or Blockchain to storage, if not, you must to storage in market. Maybe I haven't known yet about open wallets for each coin. Can you tell me more??

[zenfo]

If you trade these coins, then you need to keep them on the exchange. If you bought these coins for a long time, it is better to bring them to the wallet at once, so that your funds are safe. Because the examples of Mt.gox and btc-e show that it is better to store money on wallets.

[Babayan]

For holders the best way to store their funds it is using a cold wallet, for example Bitcoin Core for btc or mew for Ethereum.

[shaonirfan]

I think keeping altcoins in there own wallet is more safe than an exchange. Because is more secure. so you can use wallet

[cerberus5424]

It is more reliable to store your coins on the wallet, but if you find it difficult to create a sufficient number of wallets for each coin, then choose a good exchange and keep your coins on it.

[SkustaClee]

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 your purpose is to secure all of your altcoins and even bitcoins, it is better if you will choose wallet. Exchanger and wallets have different purposes, you should know their functions for you to not lose your money.

[Spaikal]

Only keep that much amount on exchanges that you require for trade. Coins that you are holding for long term, must be on Wallet

[mdzahed134]

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 prefer you can keep in your own wallet.Through personally I keep of my half assets in exchange & another in wallet.I like coinbase it's highly trustworthy.So, I recommend anyone can safely keep ETH,BTC,BCH & LTC because all ERC-20 coin not supported in this wallet.

[thamvii111]

If investments are short-term investments you can keep them in stock market accounts. It would be more costly to stop in the wallet than to trade. you must pay commissions and transfer fees.

[Mery Gason]

I keep my money on different Exchanges. I trust the Exchanges as well as the wallets. In this case, I have small amounts of money.