Exchange or Wallet?

[Bosunbossman]

For long term investment I prefer putting my coins in my wallet especially tezor wallet but for short term investment I make use of best exchanges like bittrex and binance.

[1715176567]

1715176567

[1715176567]

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[Kriptonec]

Of course, it is best to open an official wallet for each coin, or use modern multi-currency wallets, and even better to use cold wallets. On exchanges is to keep the amount with which you today or tomorrow will trade, buy or sell, but as a permanent basis to keep tokens or cryptocurrencies on the exchange, I do not recommend, because at any time the exchange can be hacked and your cryptocurrency can steal, so the best option is to use wallets.

[seandiumx20]

I will choose wallet than exchange because there are cases tthat exchanges are being wiped out. Sometimes wallet are good of you secure your accoubt but exchanges are not. Bounties requires a personal eth not a smart contract.

[Abdullah.dhariwal]

I think keeping your coin in a good and secure exchange is better. if you want to save coins in wallet than you have to store each coin in its own wallet which will more difficult to handle and if you have to send them to exchange immediately then you have to wait.

[marn6767]

I certainly do not recommend that you keep your crypto assets on the stock market if you do not buy it. You may be exposed to any hacking event and lose your assets. Take care to keep it in your purses as much as possible

[LS Crypto]

And so and so, depending on the tasks, the amount. For long storage, you can even keep tokens on a cold purse. For trades in both short and medium distances, of course the stock exchange. And preferably not one exchange, minimizes risks, I think it's better on three exchanges

[beleyeleazar]

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'd say you're better off having an open wallet but even that is not safe.. Why not just have a hardware wallet for your digital money so that you won't fear of it being hacked by others?

[Luana Trade]

IT DEPENDS ON ITS OBJECTIVE IF IT IS INVESTING OR SIMPLY NEGOTIATING FOR ETHERDELTA USE MY RECORDS ARE IN CONTRACT

[Kewulea]

It is smarter to store your coins in a wallet. Once an exchanging stage is hacked say farewell to your dearest coins. In spite of the fact that having your coins in a trade is very profitable 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.

[Milka86]

If a long-term investor-then of course keep on your wallet , which is better not to show the password anywhere. If the trader-it is more profitable to keep them in exchange . But do not forget that hackers are everywhere - so no one will give a 100% security guarantee

[Chefironside]

Exchange is not a good place to keep (HODL) your crypto coins. Indeed it's easy not to deal with finding suitable wallet software but exchanges do not share private keys with you. So that means your funds on exchange in fact are not yours. So please do not use exchanges as wallets. If you are not a day trader, HODL your coins in wallets that you own the private keys.good luck with your invest !

[ZaYeelim]

It is smarter to store your coins in a wallet. Once an exchanging stage is hacked say farewell to your darling coins. In spite of the fact that having your coins in a trade is very invaluable 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 require

[sabine80]

the best thing is to have your coins offline on a wallet with a lot of backups. so i can sleep peacefully.

[Faraha_JJJ]

I would suggest offline wallet if you are a long term holder. Offline wallets are the safest way to store your crypto. In case if you are a trader, you better go with some renown exchanges like Binance to avoid theft.

[ebetlupet143]

It is smarter to keep your token and coin on your own wallet since I've perused a few posts about their coins missing on activity on their trade record and it bothers me a bit, so I keep my coins on my wallet and just send it to trade on the off chance that I have to exchange from one coin to each coin or when I have to transform my coins into money.

[reality18]

As the names suggest already, exchange and wallets have their unique functions which is particular to each of them. Wallets are used for storing coins for longer time under good security whereas Exchanges are used for trading coins and holding them for temporary use. Exhange wallets do not offer much security as they are susceptible to attacks from hackers.

[Lookjooru]

Wallet is more secure than exchange

[letsfly]

I am using both. I put some on the exchange for immediate trading and some to my wallet for safety and long term hold. Some exchange gives dividends while holding coin in their exchange. Kucoin for example.

[pokerjet]

I use Trezor and Ledger to invest all the crypt money. For daily trade I use stock market accounts. you need to use a stock exchange account to trade. usually support the fork system of crypto money stocks during fork time.

[Fritz93]

I now for myself came to the conclusion that it is better to keep coins in your wallet. Because very often the exchanges are exposed to cyber attacks, and the exchange simply ceases to function, various malfunctions, and accordingly you can not withdraw your coins.