Exchange or Wallet?

[atariguy]

If you have a large stock of different altcoins, it is very difficult for each to start a separate wallet. But in the case of force majeure, you run the risk of losing their money.

[romancoins]

It is advisable to keep your coins in a cold storage or hardware wallet. Cons of keeping your coins in an exchange is that the site might get hacked and you might lose your coins.

[aladingorter12]

It is advisable to keep your coins in a cold storage or hardware wallet. Cons of keeping your coins in an exchange is that the site might get hacked and you might lose your coins.

[lovemsngr]

I keep everything in the wallet. In wallet, you have a private key and nobody can send the money out except you. Exchanges are more vulnerable.

[LowBrain]

I've deposited my coins on exchange again. I don't want lose tothemoon.   On other way, it must be good time buy new altcoins with fiat.

[CapnBDL]

I keep everything in the wallet. In wallet, you have a private key and nobody can send the money out except you. Exchanges are more vulnerable.

And you did not think that your wallet could be hacked? There were already a lot of cases like choosing a private key from MyEtherWallet wallet. It's like one of the examples, and there were a lot of break-ins.

[Supremacy2]

Your daily activities or your plan will determine where to keep your coins.
For trading, exchange is the best so you can have easy trading but for Holding, it's better to use wallet.

[Yana_1]

If you prefer to trade  actively , so it does mean to make transactions  every hour or even minute , is more convenient for you to keep your  means on exchanges, because the rates  are not static, and you don't need your computer  to go to your wallet, you can do it with any device with internet access. But in this case you need to  allocate funds to several exchanges, to lower the risks.

[tamango]

I leave only coins with very low amounts ( less than 100$) of exchanges trusted like  binance if I can’t store them to a trusted wallet, otherwise I always withdraw my coins to my wallet for safety

[Cryptrx]

I'm more at peace with both options once the Exchange has a good security implementation like 2 factor authorisation. At least I will know my coins are safe unless the exchange itself is hacked. On the other hand I like wallet because it can't be hacked unless I mistakenly visit phishing sites but I'm not 100% confident in them because once you lose your private key, you lose access to your wallet and you can't stop transactions from your wallet once it has been recorded on the blockchain.

[geyayy]

You should probably want your coins in your wallet and never let it stay too long in an exchange site. Exchange sites are very prone to breaches and therefore it is not safe for you to leave it there. But if your wallet is known to be hacked a lot, you should let is stay in exchanges so that you can secure your coin more.

[ljp7839008]

Of course the price of violas is growing. There's a temptation to sell them. But I will. I will wait for the bitcoin exchange rate of $ 10,000. After that I will decide to sell some coins!

[M00nlander]

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

Do yourself a favour and help to sleep better at night by getting a hardware wallet

Otherwise on exchanges your funds are always at risk, however big the exchange, and somebody always has control over your funds still ultimately. Why would you want that?

[Goodnuel]

You ain't a trading with the coins, then it's much safer to get a a good wallet that supports numerous coins and keep your coins. If you are trader, you can keep maybe your trading capital on the exchange.

[mariomerula]

I think that it’s never a good idea to hold your coins on exchanges because you don’t have the private key and can’t really have full control of them

[costgranda]

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

In my opinion the choice in this case is unambiguous. You shouldn't store coins at the exchange long. It happened sny breaking of cases and closing of the exchanges. I store only those projects which I plan to sell in the nearest future at the exchange. In other cases I use e-wallets. They are considered as rather safe!

[Adunni6758]

I keep coins on exchange, but not so much of it and i do this solely for the purpose of trading. The bulk of my coins are kept in wallet, because wallet is safer. I use imtoken, but i am proposing to get a hardware wallet. If you know you do not want to risk loosing your coins, then use hardware wallet.

[Umuoji]

I prefer to have my token in the wallet than in exchanges because wallets are more secured to me in term of  hacking. We have been hearing so many news of late on how tokens were wiped off from exchanges by hackers

[tanveer01]

I just prefer you too keep your high valuable coins in Exchange and rest which have still to launch or low valuable should keep in wallet. With this criteria, there should be a no risk and no hacker will notice your wallet.

[simapple]

If you are a long-term investor, then you need a cold wallet for sure! If you are medium-term, you can store on different exchanges and periodically make changes to your portfolio!