Exchange or Wallet?

[Sunyoto]

I'd rather keep your bitcoin in the market, so we're easy and safe to trade, because it's also safe for us to make a good profit every day.

[Symplan0923]

you should keep your bitcoin on a flash drive with your wallet encrypted with a strong password. This prevents theft. Modern bitcoin theft involves inside jobs like an employee just transferring the bitcoin wallet on the exchange to a laundering service. Another form of theft is the exchange being subject to a hacking attempt which succeeds. The attacker then sends the exchange’s wallet to a laundering wallet. In the end, you would have to lawyer up and likely lose most of your bitcoin in the end.

[ucsteddy]

Both have its different functionality and connection with each other. In terms of safety you should keep it on your wallet if you also want a long term you have full control on your coins. Exchange is the fast way to sell your coins and after that you still need to keep it on your wallet. So in short, it depends on what are planning to do with you coins, long term investment or short term always trading?

[harapan]

I have lost money in exchange because I did not immediately move it to the wallet, saving coins in exchange is very risky and I suggest to anyone to save the coins you have in the wallet

[Vabinu9911]

If you trade day today it is easy for you to keep it with exchanges. But your purpose is to hold for a mid or long term then you can keep in a wallet. By keeping a wallet is always safe and it is very difficult hack these method. But there is a chance to hack exchanges when comparing to wallets. So it is advisable to keep in wallets unless you are not doing trading always.

[leonidas89]

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 are planning to hold for a while then a physical wallet is definitely your safest bet, especially with all these stories of exchange and online wallet hacks nowadays can't be too safe!

[hung690]

Dear sir,
I am a newbie in th crypto, but after joining in this field, I think both exchanges and Mew have some bad and good features. In my opinion, high trust exchanges are better than MEW because of sercurity policies.

[X-Infinity]

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

Theres no answer to which is better, it depends what you want to do with your crypto. If you want to trade it for other cryptos or for fiat then you can exchange it. If you want to hold it or transact with it then you would need a wallet. I suggest you check out www.xinfinity.io <--- its a unified cryptocurrency wallet that holds ANY crypto due to its cross-chain features. Its a live application available on android and IOS that has a built in crypto exchange.

[qiuness]

wallet becomes the best choice to store coins, because in the wallet we can control our assets and can monitor anytime. different if we store in exchange our assets can be seen by the exchange management and dangerous because we can not trust 100% exchange is safe.

[braddozie]

Wallet is more preferable than exchange. It's safe, you control every bit of its details.
I keep telling people, except it's a wallet created from a decentralized exchange, which apparently is yours. No long term funds should be left in exchanges

[Recklessdemon]

You can have both, coins for its uses and wallet for its purpose too.. Theres no harm in having both, aand it is so much bettef, so why choose?

[DonaldTramponald]

From the point of view of security, it is better to choose a purse.  But on the exchange to keep coins more conveniently.  If you keep a large number of coins for a long time, then better keep them on your wallet.  But if you trade coins often, then keep out of stock exchanges.  But it is advisable not to keep all altcoins on the same exchange.

[Pomualdo]

Of course the wallet is more reliable. But I've been in a situation where a coin is very much growing wallets do not work. And you can not transfer to the stock exchange.

[tonyvo2017]

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

for example you have $ 2k. You should only invest $ 1k5 and put your $ 500 into your purse. We should not put all of our money on trading floors. Because bad things will happen to the unlucky ones. Recently the trading floors have been hackers attacked a lot and users have lost a lot of money into the hands of hackers.

[KSHMR]

The best way is to keep your token to a wallet to avoid being hacked. If you want to have your token for a long term then put it in a wallet, you can only put it to an exchange if you want to trade it.

[billy.ryoko]

I think it bases on your purpose and functional, if you want to trade it for your short-term investments, I will store it in the exchange, otherwise, if you want to hold it for your long-term investment, I will keep it in my wallet. Even you store it in the exchange or wallet, it still has the hack potential and remembers keep your private key and password in the safe place.

[Kakady13]

It depends on what did you do, trading or hold?
If you are going to trade you must put on exchanged.
Actually my coin is in the wallet it's because I planning to hold them for the long term and save for the future.

[Reno1933]

Don't leave your coins on exchanges! It's a basic rule in crypto. So many scammers. Be careful. And if you can do it, transfer your coins on a nano ledger or something like that. Something safe.

[ACTrend]

Hello! For long-term storage of cryptocurrency, the purse is more reliable than the exchange. If you comply with all the security rules, it is almost impossible to lose the cryptocurrency from the wallet. But it's even better to store it on Ledger cold purses.

[emmaong12]

Obviously safer in your own wallet than an exchange, a hardware one if it's a large amount of coins is best.