Exchange or Wallet?

[bvhoang202]

I trust the wallet rather than the exchanger. Saving all the coins in one exchange for me is not very recommended, because saving in exchange is very risky. With the wallet we can use our own control and can keep our assets until whenever and more secure. different from unsafe exchanger and have been exposed to fraudulent indications from various exchangers.

[coolon]

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 you constantly trade, of course, keep on the stock exchange. If you are just an investor better to keep on a purse with a private key, it's more secure.

[Satish147]

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 say it depends on your value of funds and your view on trading or investing.

If you are holding small amount or big amount of coins and if it is for purpose of long term hold then you should keep your funds in wallet after making successful transaction in exchanges. Otherwise you will be in risk to lose your funds in hands of hackers.

If you are holding small amount of tokens and you want to trade frequently then it is best to keep in exchanges even though exchanges are risky to keep your funds because for small amount the fee for withdrawl and deposit itself takes significant portion of your funds.

And finally if you are holding huge funds and you want to trade then transfer the tokens to exchanges when you want to do trade exactly and after completion of the trade, it is better and good to transfer your funds to your wallet preferably cold wallets for your funds safety.

[ClaimMBTC]

my opinion is you should store your all coin s in wallet because it is safest place for exchange and you can store your all coins long time but exchange is not good so you can go with wallet, better to store.

[Mr.Weless]

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

Depends on how long do you want to hodl your coins and which exchange are you using.But every veteran in crypto will tell you that wallet is safer and better thing to do.

[Booktransform12]

 You can keep your coins and tokens in your personal wallet, because it's safer, better to keep them in exchange because you can make you better, better to keep your wallet safer.

[Kakady13]

I keep on exchange only those coins that I trade.
I keep coins for a long time on my wallet. Because I do not plan to sell them.

[nwosuchristabe2]

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

Keeping your coin in exchange is very risky, most especially in centralised exchange where the owners could run away anytime coupled with the possibility of hackers attack on the website. Its most advisable to keep your coin in your own wallet where you have access to the private keys, you could get a wallet that supports several coins, ledger nano is an example.

[teosanru]

Keeping your coins in a wallet is a safer option than keeping all you assets in an exchange. Exchange can shutdown anytime on the other hand wallets are secured by private key which is a safe bet.
The best part about wallets is that you can use any method to access it. It could either be a hardware wallet or websites like myetherwallet.
I never keep anything on exchange in fear that they might run away with all of my belongings.

[Wilfrer]

I think keeping money and tokens in my wallet will be safer than sending on exchange. Because if you deposit money in a wallet, you can completely control the financial as well as exchange and exchange transactions. When you send money on the exchange, it can be hacked or stolen. So, I think it would be better if you deposited money in your wallet

[VazLorde]

Actually everything is good when we do it carefully, when we are careless either in exchangers or wallet still prone to theft either in terms of password or private key

[SubZer0]

Whether it be online wallets, desktop wallets, mobile wallets, or hardware wallets, they will all be much more secure than storing coins on your popular exchange website. With my crypto I use two different wallets to store my coins, Exodus and the Ledger Wallet

[(o)(o)ilikeboobs(o)(o)]

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 you store coins/tokens on the exchanges, you don't have the private key, which mean you don't have the right to control your coins. the number you're seeing just are made up, but it's very fast in trading, and I think nowadays. exchanges are become more reliable than ever, so an cold wallet is not really necessary with people have little money like me

[The Scorpion]

The core function of an exchange is to ensure fair and orderly trading, as well as efficient dissemination of price information.The first conclusion is that if you don't trade, you have no business leaving anything in there. The second conclusion is does anyone else sees the irony of centralized exchanges for a decentralized economy.its  better to use privet wallet.because we cant trust exchanges.

[unbotak]

for now I prefer to keep it in Exchange because the price is still changing and I'm sure the price will rise again. but if you want to keep it in the wallet, I think it is a good choice too. it all depends on each taste

[ssuchy]

for now I prefer to keep it in Exchange because the price is still changing and I'm sure the price will rise again. but if you want to keep it in the wallet, I think it is a good choice too. it all depends on each taste

it is of course very profitable to store your coins on the stock exchange today, as prices change very often and to quickly respond to changes in the market, the availability of coins on the wallet  of the exchange will be very profitable.

[maiden]

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

Fo me, If you want your money to rise  then It is better to save it on exchange because it is profitable but sometimes its too risky, also if the value of your holdings change at the lowest point... the value of you holdings changes depends on the flow of the market.

[Ionzar]

Finding all the money in one exchange for me seems too risky decision. After all, in this case, the economy is replaced by a high risk. Therefore, I recommend working with wallet.

[SunoCN]

In my experience, Wallet is better for holding and moving altcoins, The exchanges charge high fee for moving coin between wallets.

[Vishnu.Reang]

I keep on exchange only those coins that I trade.
I keep coins for a long time on my wallet. Because I do not plan to sell them.

Wallets are not available for many of the altcoins such as Cardano (there is this Daedalus wallet for ADA, but it takes 7-8 GB of space). So I am forced to keep the majority of the alts in my exchange wallet.