Exchange or Wallet?

[luckydevil2021]

It's generally a good idea to store your Bitcoins in a wallet where you control the private keys, rather than on an exchange where they control the private keys and could go out of business or be lost.

But different wallets offer different levels of protection. And different exchanges offer different levels of protection.

Some wallets include peer-to-peer trading functionality today. And, in the future, some exchanges will offer decentralized trading so that you can trade directly from your wallet and private keys that you control.

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[kololo]

I would like to tell you that you should keep 90% above of cryptos in you own wallet(the private key controlled by yourself).

As the crypto exchange can be hacked or banned or something others bad happen, you will lose the crypto in exchange.

[jordan1989]

So far I only use wallet. because I trade. up to now my profits will soon be traded because I need money but in the future I also want to hold. I suggest holding it and keeping it to you because the benefits you can get doubled from now.

[huteawe]

I think it relies upon what altcoin is utilized for, I keep digital currency in the wallet since it is continually doing the exchange and in the exchanger for exchanging, exchange charge in exchanger is exceptionally costly contrasted with the wallet.

[angelomoraaaa]

Both are great as they perform diverse capacities. Trade wallet is ordinarily utilized for exchanging and you don't have full control over it while regarding ordinary wallets you have full control over it as the private keys and even the deliver has a place with the proprietors alone. It's the best place to spare your coins in the wake of exchanging trade it vital you move your coins to your wallet for security.

[khalifa25]

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 have my assets distributed between my wallet and some in exchanges. If I hold for long term, I store it in my wallet. I put my crypto in exchanges for daily tradings

[ifightformerkel]

I think it's better to create wallets for each coin or use a hardware wallet, although when using a hardware wallet, you will still need a separate wallet for some coins. Store your tokens or coins can also be on the exchange, the main thing that the exchange was reliable, but still they can steal from there.

[zynan]

Both are great! But it is still depends on your choice, if you're a type who likes to do day trading to gain at least small profits just put your coins and tokens in the exchange market and just set a price you like and just leave it there. That's what i do on some of the bounty tokens that i've got. The rest of my tokens which do not have yet value i just keep and hold it on my erc-20 wallet.

[Transmlp]

I think it's better to put your coins in an exchange because you can do whatever you want with it and you are in charge of your profits and loss. The cons is that there is a little bit of chance that you may lose your coins because exchanges can be hacked.

[vladraineer]

Well, if you are quite a noob in computers and technology, it is better to keep the stock exchange from Google authetication.

[Erzinnum]

I dont give a thing and i hold most of my coins on the exchange. I believe that it`s secure if you follow special rules

[lkcryptostar]

As for me it's better on the purse. For me, plus a purse in that it is more protected. Yes, probably for me it is the most important factor, all the same to withdraw money from the exchange easier than from the purse itself.

[Olayinka225]

I think wallet is more preferable because most time anything can happen to the exchange security or any sort of hacking or there about and that can leads to loss of so many people funds. And not to be a victim so i think wallet is ok.

[fritzvillarin]

Of course it's better to keep your holdings in your wallet.The main reason of crypto is to have a full control of your resources. We have so many hacking issues in the past, it's better to be careful than reckless and be rekt.

[Nivelir]

Keeping money on crypto-exchange exchanges is dangerous, everyone knows about it and still there are cases when you intend to keep your tokens there, because you are working this way. It's dangerous I will not argue.

[pinoycryptoes]

It will depends on you because if you want to quickly sell your portfolio if there is a rise in value and it's much quicker. I would recommend using wallet but sometimes its not synchronizing so you need to wait but its much safer using it.

[denis-z12]

Keeping them in your personal wallets is the better option. Its safer, exchanges get hacked and you can use your tokens. I keep some on some of the better exchanges but always make sure you pay attention to the security and activate 2FA.

[FoBoT]

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 want to keep your coin, I think it is better if you keep it in the appropriate wallet for it and keep your private key save from third parties but if you want to do trading, it is good to move your coin into the right exchange. Make sure the wallet or exchange you are going to use is safe, secure and reliable.

[VasiloviKola]

Here article on wallets, quite informative and useful: https://icoguide.com/en/blog/5-types-of-cryptocurrency-wallets-and-where-to-begin-with-each

and top exchange platforms, whith their pros and cons: https://icoguide.com/en/blog/top-5-cryptocurrency-exchange-platforms

[Wemalla]

well, if you want only to keep your coins, choose your wallet, trezor, ledger or other, because it is risky to keep in stock exchanges