Exchange or Wallet?

[aizadelacruz99]

For the airdrop you provide a wallet like myetherwallet.

[batang_bitcoin]

You should definitely keep it on your personal wallet. Personal wallets and exchanges has risks but exchanges has a higher risk!

Keeping your coins on an exchange is really risky especially if you have big amount. Even the exchange is trusted your funds are not safe on it and they can't guarantee that they can protect it all the time but when something wrong goes on and they are hacked, there's a chance that you can also lose funds.

[edwardnortonn]

wallets provides that extra security needed to protect and keep your coins safe, it also makes it difficult for your activities to be traced, as long as the key is kept safe and private, you can be sure that the encryption in your wallet will keep your crypto safe. exchange on the other hand is prone to hacking as the keys and the currency are held by the exchange company. it the company's security system isn't as good then the currencies stored aren't safe

[Sanderion]

The first rule of the cryptocurrency club - never hold your coins on exchanges The only case when coins can be stored on the exchange - you trade small amounts. Otherwise, you will spend too much money on commissions to transfer coins from wallet to exchange.

[panjay]

If you have a large fund that's cant' you risk, it's better to keep it at your own wallet, but if you can afford to lose it from hacking, spoof etc better and want to trade more go with an exchange

[Bonus777]

If you do not trade on the stock exchange, it is better to store your coins in your wallet. No exchange can guarantee you 100% safety of your deposit. Therefore, it is better to store coins in your wallet.

[sinduarianto]

for my own I prefer the wallet to save my coin because it is quite safe while the market to sell it.

[hajimasan]

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 both of them are safe and both of them are risky Because I already faced the loss ( not in case of etherium for long time ) .
In the starting of year 2013 when I was newbie in field of cryptourrency then I made my wallet in coinbase and also I connected that wallet to the btcjam site , but someone hacked my account of btc jam and transferred my btc automatically from coinbase to his account as a loan that was totally shocking thing for me to get scammed where no one helped me ( coinbase and btcjam both ) .
And once etherium coin was steal by hackers from every exchange that was proving that nothing is safe , so we can understand well that we should remain always ready for any type of scam , but still mr. Vitilk refunded etherium of same amount that was steal by the hackers as an componsation .

[johnsaributua]

I myself have some consideration of one of the storage period. if you want to be stored for a long time, I think you should keep it in the wallet of the coin. but if temporarily stored in a short time, better save it in the wallet exchange, to make it easier to sell (no need to deposit again).

[tarangogu]

I think wallet is safer than exchange. because Etherdelta has been  hacked many times and it has been closed for ten days. there is safety exchange in cryptocurrency for example Kucoin and binance etc.

[sudnokpok]

It depend on you are long term or short investing. If you are a long term investor i advise you should store all coin which you buy in your wallet, this will safer than. But if you are a trader, of course you have to store your coin in exchange, this will help you saving fee deposit and withdraw.

[abel1337]

Basically , If you're purchasing coin from a exchange and planning to hold it long term its better to put it on wallet that has some private keys for the safety of the coins. But if your planning on a short term trading better to leave it on exchange sites. Better to use secured exchanges for trading and storing some coins.

[Schirer]

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 just got my bar tokens frozen in Tidex.
Also hearing that a lot of exchanges are being hacked .

hence - go with wallet.

[sangalangdavid]

I would prefer storing your coins in the wallet rather than saving it on exchange. My coins are safely stored in my wallet and so far my coins are still secured. Many users have already proven that it is much safe in wallets, but it depends on the wallet we will choose.

[anylic]

Exchanges are just the place for you to make a buy / sell action and that is just a temporary place to keep your assets. The safest way is to store the property on the wallet

[almiani]

somehow, I feel safer to keep the assets I have on the exchangers, and I can also sell them any time when there is an urgent need. but it all depends on you

[Veter2000]

In fact, you can lose your coins both on the exchange and in your wallet. Everywhere there are risks. But on the stock exchanges of course, these risks are largely independent of you personally. So for trading and short-term investments, of course crypto exchange, for HODL wallet and better cold, hardware or even paper.

[Rus3001]

For me, plus a wallet in that it is more protected . Wallets are generally a better idea for long-term.

[favelle75]

if you are planing to trade everyday than exchange is the only solution for you.
But if you are a hodler you can use own wallets or hardware wallets

[ETHtotheMOON1]

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

definitely wallet as you have full control over your money that way. if you hold coins on exchange, they can prevent you from withdrawing your funds basically for any reasons.