Exchange or Wallet?

[kovpet11]

I would turn the question:
Decentralized or centralized storage?

The answer is definitely decentralized.
The whole blockchain and cryptoworld biggest advantage is decentralized, no one should be capable to steal your coins (except of your fault if you let hackers to get your private key), but if you store your coins on an exchange they can do it anytime.

[ginobitcoiner]

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 would advise you to keep it on the exchange, because in my experience it's safer than you keep it on your wallet. especially if you want to trade you do not need to issue a gass for delivery if your assets are stored on the exchange

[thuthi7]

saving a coin in the wallet means we still have a chance if the price of our coins goes up and I think it is safer but if we keep in exchange there is a chance that we follow the closing exchange or not operate anymore

[btcefeyigit399]

I am actually using it in two options when trading in crypto currencies. but according to research it is safe and easy to use wallet.

[Nefarious]

If you're trading then keeping those coins on the exchange makes sense, but overall it is so much safer to keep your crypto on a hardware wallet like a ledger or trezor.

[Incognito01]

Risks are everywhere, so it is difficult to decide where to keep the coins. The presence of these risks is one of the major factors that constrain the arrival of new investors in the cryptocurrency market.

[nashmia13]

its better you put funds on exchange if you are planning to buy again coins or buy back coins that you sell some and wait for their dip. but if you want to  hold it a little longer maybe its a good thing to put it in your wallet, there is some hacker issue in some exchange and who knows the exchange was hacked and your funds are there, but for me i do prefer to hold it in my wallet

[Sevarchik]

For shitcoins i am using exchanges.
Very hard to use many full nodes on pc for shitcoins, all other good coins i am store in paper wallets

[hisyam_fathoni]

I’d like to sell token then to in the exchange ethereum or bitcoin. According to me a little more risks with the way. Because of his age token is not necessarily can last long. While with the coin like bitcoin or ethereum can still survive although the price is falling

[andeonnut]

What's your guys' opinion on Jaxx wallet? I've been using it a bit lately.

[SacriFries11]

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 okay for me to use both exchanger and eth wallets. We both know that our coins is not safe in any of it. I do not put all my coins in only one wallet for safety. If the wallet is hacked, at least not all my coins will be gone. Coins in exchangers can be set easily if I need money or if its price increase.

[Winnerschapel]

It is better to store your coins in a wallet. Once a trading platform is hacked say goodbye to your beloved coins. Though having your coins in an exchange is quite advantageous too, let's say the price of the coin suddenly went up, you can easily trade it. Having it in your wallet, it will need quite some time to be confirmed and during this time price might have already dropped.
If you're in with holding the coin for a long time, store it in a wallet, and just trade it whenever you're ready or you really need to.

[View_style]

I will share my experience. Coins are stored in one purse. I'm not creating a new one.

[air_droper]

I prefer wallets. exchanges are very often attacked by hackers. therefore, it is very dangerous to keep money on the exchange. in addition, exchanges may impose a restriction on the withdrawal of funds. for example, you may be required to provide proof of personal information. or you may lose data from your account.

[lala.dida]

If you wanna to hold for long term  my advice is to keep private keys somewhere safe. Keeping your holdings in exchange can be big threat against your expectations regarding selling them for profit after some time

[moonriver]

If you trade frequently, you'd better keep your coins in exchange.
It is not a good idea to keep your coins in exchange for a long time.
It is a worse idea to withdraw and deposit all the time.

[Ruby_Official]

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

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Official Website: https://ruby-x.io/intro

[Jasell]

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 better to keep your coins in your wallet if you plan to hold it for a certain period of time. There are some cons if you keep your coin without the plan of trading it, just keeping it in an exchange, one of which is the risk of exchange being hacked and exchange stopped with their operation.

[JoMarrah Iarim Dan]

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 things I am considering in saving my coins. If i will put my coins in my MEW, it can viewed through etherscan by some other people and can be targeted by hackers. So I hate it. In exchangers the good thing is it can be easily set if we want to cpnvert it. But in some exchangers coins are gone. So it is not really sqfe anywhere.

[kidsrock]

so far, I still keep my coins at the exchanges but for bitcoin, I save it in my personal wallet in bitcoin-qt. I save in the exchanges is because I am trying to trade although I don't trade in every day, I think I can sell it when the price increase and I can directly to buy the coin if the coin is down. so far, it works well for me and I still continue to do this.