Exchange or Wallet?

[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.

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[@rt27]

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 like to suggest store your tokens that potential to survive in crypto more years from now in hard wallet. For me it is more safer than other although you have your own risk by taking care your wallet.

[Gromx]

If a lot of coins use separate cold wallets, if a little-you can use a multi-currency wallet Jaxx. Do not keep coins on exchanges-it is very dangerous!!

[forutba]

Every month i hear news like some exchange hacked and they lost a lot of coins, so best choice is to have wallets and store there.

[kapetoshka]

I think sharing is the most unsafe option. The market is still very vulnerable to news, manipulation and hacker attacks.

[Cherrybomb]

with the possibility of hackers attack on the website. Its most advisable to keep your coin in your own wallet where you have access.

[kostepanych2]

Exchange is easier.
Wallet is safer.
If you hold many altcoins by a little amounts, I think exchange is better.
If your have big amounts of altcoins or bitcoins - use wallet.

[Hadarula]

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

well, i think that it depends on the current situation, so i believe you should think what is better for you nowadays

[Hadarula]

Exchange is easier.
Wallet is safer.
If you hold many altcoins by a little amounts, I think exchange is better.
If your have big amounts of altcoins or bitcoins - use wallet.

well, yes, i think that you are right and a person should choose what suits bettre for his or her own business

[kobe24]

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

Storing your coins in exchanges is not a wise idea because nowadays exchanges is the biggest target of hackers so you can lose it.

[Senkuli]

I prefer to keep my altcoin assets in my wallet, I think it's safer than putting my coins on the exchange site.
I will only transfer my coins on the exchange site if I will trade only because it is not safe also if we put the coins for the long term and I will move back my coins to my wallet after finished trading.
So, it's safer putting my coins in the wallet than in the exchange site.

[Japinat]

Exchange is easier.
Wallet is safer.
If you hold many altcoins by a little amounts, I think exchange is better.
If your have big amounts of altcoins or bitcoins - use wallet.

well, yes, i think that you are right and a person should choose what suits bettre for his or her own business

If you hold I think you should not put in exchange, I use exchange when I trade actively because I can set orders.
Even if exchange is bigger but you could not say it's safe because we have seen and heard a lot exchanges getting hack, we should be careful.

[Considered]

Keeping your money in exchange wallets are some risks that we take but is not worth it, we all have heard exchange platforms get hacked most of the times with millions on dollars getting lost,. Just a show that they aren't as safe as we might might want to think. You are better off keeping your money in wallets where you have total control over them, and you can encrypt then whichever way you want

[samuelphedra]

Keeping coins in wallets is safer, if the save in exchange security is very weak and easy to hack. So I suggest when saving in the wallet and when on exchange only when selling coins only.

[AntiMage007]

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 tokens are ERC 20 or  NEP-5 and You going to long hold please use hardware wallet this is the best way for safe your funds, Exchanges have a secure method but most of the exchanges got hacked, If u need to long hold you should use hardware wallet Ledger is the best option 

[Wildskull]

If you trade on the trading floor then you definitely have to let the crypto on the trading floor. You can also store crypto on online wallets, but I recommend that if you want to keep the long and stable crypto you can store on an offline hard drive, that is the safest way to protect your assets. But remember to keep the private key carefully.

[nebuch]

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

Very risky to store your entire assets in exchange wallet for there are instances of hack activities. Once your wallet hacked everything will absolutely gone. Better you have full assurance of gain and not about the loses at the end. So, take care of your assets to make it meaningful when time comes.

[Cj29]

Will for me ill go to personal wallet not on the exchanger wallet. Because lot of exchanger now are being hack thats why to be safe it will be good to go on a mew or metamask or ledger. Bufor me mew + metamask will be good

[Julskybtc1]

I think its safe and no problem so far and i can doing trading faster if i want to . I been using mew too and its good and safe too. The point is you need to know where you store your coins, you need to know who they are who hold your coins so it will be safe.

[Mr.Pro]

Exchange = easier way to donate your money to hackers and waiting for your money to disappear someday
wallet = safe and no deposit/withdrawal limit and no KYC.