Exchange or Wallet?

[senyorito123]

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 a trader you can put your tokens in the exchange site because this is the easiest way so that you can trade directly,but you need to be careful and be vigilant always if you place your tokens in the exchanger because it is very risky and i heard how many times in the news that the exchangers is hack,and the most advisable and safe way if you want to hold it for a long-term is to put your tokens in your personal wallet.

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[KzStPn]

If you took a coin for a long time, then definitely keep it on your wallet. If for trade, then on the exchange. But exchange purses are on maintenance, problems with withdrawal of funds are possible.

[Neutrality]

You should use exchange only for trading. If you don't make a trade for a while then withdraw your assets to cold storage. Exchanges are having troubles nowadays with withdrawal so if you'll need to withdraw your assets immediately yo may not have a chance to do it

[Daihan]

If you want a long term investment then you must create your wallet. It is best if it is offline wallet, a hardware wallet. And if you want to trade then put a partial amount of your capital to exchage.

[gokusenpai0302]

It depends on what do you really need if you want to invest in many coins or other potential coins which are cannot be found on the top 50 list probably you should try exchanger. If you plan to invest in only a few coins especially the famous one like Bitcoin, Etherium or Ripple which almost all wallet is supported then getting wallet is a must. In my experience, I typically use an exchanger to hold my bounty tokens and exchange it with Bitcoin in order to send on my local wallet for encashment.

[prettymargaux]

It’s best to store your assets in a wallet where you hold your own private keys and thus you have your full control of it. It’s a big no-no to leave your funds in the exchanges where you don’t actually own the private keys and are more vulnerable to security risks. Send your digital assets in the exchanges only when you are about to trade it. This way, you and you alone will be responsible for your security.  

[Polar91]

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

Obviously, it depends on what purpose you are going to use it. If you are going to use it as saving and it is a huge amount of coins, the best wallet you may use is ledger wallet since your private key won't need to be shared thus it's more secured than any wallet platform available. However if you are an active trader, it's better to put it in exchange to make things easier for you at the same time it's still secured.

[Iandi anne]

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

It actually depends on you if you want a short-term or long-term investment. If you're aim is to trade your assets, it is better to use an exchange for you to be able to trade it as soon as you want. But if you want a long-term investment, the best choice is to use a wallet where you can safely store your asset.

[Scientest]

Hey, have you gone mad? JK.
Exchange is really risky. Try to ise wallet always. Otherwise, you will lose your money.

[brokkoly]

If your horizon is short term then you can hold your coins in any online exchange. But if your horizon of investment is for 2 to 3 years then you can hold your coins in online or offline wallet

[islakevin]

If you wanna day trade or if you wanna be ready when it pump exchange will be the option , But if you are doing a Long hold that doesnt matter when it pump or dump much better in wallet because you would not panic or be tempted to play with it that will cause you loses.

[Asmertafitov]

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 can say a lot of good thi gs and a lot of bad of them about each kf them , so it is up only to you o decide

[Asmertafitov]

If you wanna day trade or if you wanna be ready when it pump exchange will be the option , But if you are doing a Long hold that doesnt matter when it pump or dump much better in wallet because you would not panic or be tempted to play with it that will cause you loses.

i think taht wallet can be a little bit ssfer, but still it is up to yku to fecispde apwaht to do apin your curret situation

[Orda]

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

aks your friend whatvthey are using, ipand on their anaswers you will be ablr to make a conslusion

[Orda]

If you wanna day trade or if you wanna be ready when it pump exchange will be the option , But if you are doing a Long hold that doesnt matter when it pump or dump much better in wallet because you would not panic or be tempted to play with it that will cause you loses.

i think taht wallet can be a little bit ssfer, but still it is up to yku to fecispde apwaht to do apin your curret situation

that is true, i also trust wallet more, but sometimes exchange is more handy, anyway you can use them both and make a conclusion

[nebosvoden]

If you want to exchange your coin or sell it in a short time, use the exchange , if you take the coin ,use the wallet.

[JohnMacZeppelin]

It is necessary to understand the simple truth, when you move your tokens into some other purse that does not belong to you, that is, you do not know the private keys of this purse, then you intend to end up in danger, another thing when you are a trader.

[premiumproductss]

Exchange cant be trusted. Because when you store your cryptocurrencies on exchange you dont own it.

[bp124]

I think saving your tokens or digital currencies on a wallet is very safer than on an exchange platforms. Exchange platforms can be hacked and this can make you lose your money just as it happened some months ago on Coinrail exchaneplatform. Please get either a digital wallet or best form is a hardware wallet.

[surgical_duude]

Wallet is always the safest coin storing. Exchanges can be hacked anytime and they - exchanges won't take any responsibility for your lossing token. Exchange is just convinient, not safe. Some people prefer to store their token in exchanges because they will pay less fees, but I don't think that's a good idea.