Exchange or Wallet?

[paulscathedral]

Exchanges are not suitable for long-term storage of cryptocurrency at all. In this situation, your funds are in constant danger. Exchanges are more secure and less secure. And even more secure exchanges do not guarantee you the safety of funds. Wallet only.

[snguyenthu196]

Because I recommend long-term investment, you'd better use a wallet because the wallet is more secure and it's very likely that the trading platform will be hacked.

[coingainer01]

The safest way is hold in wallet. But if you want to trade frequently, dont need to hold it in wallet. My coins that use for trading are holded in exchange.

[rapsonic1337]

I think it is not safe in the exchange wallet, it is more safer when it is on our own wallet, with this we can easily monitor our tokens we had.

[bisa coy]

maybe for my own right now I prefer the stock to store altcoin that we have and of course altcoin must have high security level with so tokens that we have will be safe.

[MonsterBlazer]

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

both equally useful, unable to choose between them. because the exchange and wallet have different functions, wallet is where we keep the coins we have while the exchange is a place to exchange .. so they both are needed.

[cerberus5424]

This is a rather difficult question and I will explain why. Many people know that the last minus 10 percent was caused by the hacking of the Chinese exchange and theft from there a fairly large number of funds and this affected the rate of both Bitcoin and many altcoins and the crypto-currency market fell by 10 percent. That is, to keep money on the stock exchange does not seem to be the best solution, because there are many security issues. On the other hand, wallets are also not so secure, because we've all heard about hacking MEW  and today MEW is the best wallet and I'm sure that this wallet is available for every participant of this forum.
The best on reliability of a purse which now you can buy, it is a hardware wallet. For example, I use the hardware wallet TREZOR, but in the use of this wallet there are nuances, as it is designed only for a certain number of coins.
As a result, I think that it is better to store money still on the wallet, but on the other hand more profitable and cheaper coins can be purchased on the exchange, and the reliability they are approximately the same.

[Alohadance]

If you want trading you need exchange but if you want to hold your tokens of course withdraw in your wallet. And choose exchange very carefully now there are a lot of scammers. Choose the biggest

[Etrilicious]

Well wallet is yours. exchange is theirs. no, although they want you to believe that so you keep your shit with them. thus, exchanges will call its app a "wallet"; but you need to understand keeping bitcoin in an exchange is not keeping bitcoin/Eth in your custody. On the other hand, Mycelium, Jaxx, Samurai, Electrum, Ledger Nano S, Trezor, and paper wallets: these are all personal wallets in which you own, hold, possess your keys.

So yes I prefer my wallet.. I keep it safe with hardware wallet

[nolestiket]

Lately many exchanges have been hacked, so I trust the wallet more. I do not use vpn and I'm completely sure that there are no viruses on the computer, so I trust my wallet more than the stock exchange

[Sanderion]

Lately many exchanges have been hacked, so I trust the wallet more. I do not use vpn and I'm completely sure that there are no viruses on the computer, so I trust my wallet more than the stock exchange

I agree! Everyone knows that you own a crypto currency when you own a private key. Thus, when you store money on the exchange they own your money and this is not a reliable way of storage. On the other hand, if you are actively engaged in trade, then it is not convenient to constantly transfer money from your wallet to the stock exchange and vice versa.

[Aliya Taj]

Definitely wallet, they are not only safe but also gives you total control of the coins you have. You can encrypt the wallet to your own liking to ensure the safety of your investment. The exchange wallets have it all but we have heard it time and again about how vulnerable to hacks they are, Infac the cases where people have lots a good amount of value overtime ha been reported severally. For the wallets, you can invest in the hardware wallets which makes it even safer

[MarlonDamon]

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 think if you hold the coins for the long term, so I prefer you to have used the wallets. If you want to use the trading so defiantly you have to go to the Exchange.

[mich]

definitely keep the money in your wallet. to trust someone else is stupid. You know, stock markets can be hacked. Pay close attention to this. Do not be the saddest side.

[adam24409]

at this stage of market is in very dump condition so hold the investment....its all depend on your mind ...how much risk you can bear ...so i recommend you hold it

[akbarals9425]

better to save in the wallet than in the market is too risky, I mean if we keep the exchange on his fear there is cheating action from the exchange and eliminate all our assets are different from the secured wallet to his amanan,
although even so far I have never heard of the lost case of our assets when saving on the exchange but just watch who knows later

[KotBas]

Of course, it is better to keep your coins in your wallet, if for long storage of coins. Although it's up to you.

[jpnl0002]

It all depends on what you want and what you want to do putting your coins in exchange could be for the purpose of trading and to make your transaction faster keeping your coin in your wallet which means you do not want to sell them yet so its all a matter of choice

[sieunhangao19]

It depends on your coin turnover. If you constantly make some operations with your cryptos, it is better to save it in Exchangers. But I advise to use wallets for large amounts of coins.

[jojohamasa]

Wallet is the best for me
Because they are safer than the exchanges
A condition that you keeps your key in a safe place