Exchange or Wallet?

[VanKleiss]

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 is still best to make your own wallet that to keep it on Exchange. If you keep it on exchange and there is a hack in their system, your altcoin will disappear in a snap. If you have your own wallet, you are in control over your coins and no one can access it except you.

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[1715625894]

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[cryptoalfs76]

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

Some other says that putting your coins in exchange trading site's  is not fully recomended because,if theres something happen of  change rule to the trading site's like to frezzing  or stopping for a moment in there operation transaction and your coins is already there,maybe you cannot withdraw or fall out your crypto coins,so the better things of security is buying a ledger nano S  or trezor,because this is the best suit of crypto unter to secure all there  bitcoin asset.

[adjong]

exchange or wallet..that wallet first because all of my coins are in the wallet coming in when I have a site that's covered because when you do not have a wallet you do not have your coins.any of my coin with a prize placed in the exchange there I have to replace all of my coins with a pricier. So I do not have the option of two of them all to import me

[Lerikaweb]

Never ever keep your money on exchanges!  This is how people lose control of their money!  An exchange can be hacked or scammed. You will lose everything then.  Keep your money on the wallet.

[caisa88]

Don't keep your funds on exchanges , especially on small ones !
I have some coins in my coinsmarkets.com wallet , and i still can't access them since 2 months ago , when their " server problems" started.
I believe that decentralized exchanges are safe , because you have access to your private keys, but unfortunately the volume is small on them at the moment.

[Nivelir]

I think that it is necessary and necessary to keep all your funds in different purses, but of course if you have a lot of money. If you have $ 1000, it's probably worth keeping on your wallet, but it's not worth it to do on the stock exchange

[ryzaadit]

Iam sugested well dont use exchange for keep save your fund Sometime if we have a bad luck the exchange got DDOS Attack or other think like this years Bitgrail exchange lose 17 millions nano. now they are stop the exchange

[rotonda]

Would it affect your life in any significant way if you woke up tomorrow and the coins were gone? If yes, just purchase a hardware wallet and store everything there. I'm not too worried with only ~$400 invested right now but as I pile in more mining income I'll be moving everything off the exchanges.

[Catch-22]

Keep your tokens that you want to trade in the exchange, moving them to and from your wallet will incur fees.  Those that you decided to hold for long term, put them securely in your wallet.

[xsaints128]

If you actively trade with your coins then you should keep them in exchange as it would save you all the fuss about transferring it from your wallet to exchange and vice versa but if you want to just invest in a coin and keep it for long term then you should use wallet as wallets are safer than exchange because exchanges get hacked many a times.

[callmeback]

For me the better is to keep them in exchange as it would save you all the fuss about transferring it from your wallet to exchange. Well it really depends on what your intentions or your plans are. If you want to become a trader then its useful to keep some of your coins in the exchanges to improve your knowledge. Always be careful on any action you make because now in our time its to risky whatever you want to do always think of it for many times before you decide.

[Tony116]

The direct purpose of any exchange is the conversion of one coin into another. If you keep coins on the exchange then you use it for other purposes - trading, pump&dump, etc... But this is not the main problem. The main thing is that the storage of coins on exchanges is very dangerous, because at each exchange hacker attacks are committed. It's much more reliable to store coins in cold or hardware wallets.

[sherwinaze]

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 suggest to you if  you want only to keep your coins  choose your wallet it is risky to keep in exchanger site. because if  the site got hack your coins ill be lost. so keep it in your wallet..

[Matimtim]

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

Its depends on you, you are free to do whatever you want. I f you want to hold your coins choose some wallet to stored your coins, but if you really want to tread your coins special to those eth token definitely you better to choose exchange, because if are going to stored your coins in exchange and you want to hold it you need to take the risk, its because is very risky like some people said, so be careful to your money because now a days there are a lot of hackers and scammers.

Good luck to your journey here in the crypto world.

[SexySexyYeah]

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

Well if you really want to do day trade or short term trade ofcourse exchange would be the best to store because of the fees. But if you are planning the for long term hold of your coins well you have to store it on their specific wallet and take note you will be rewarded if they have any airdrops.

[wpalczynski]

To save your fund you should always put them in a wallet. Exchanges are only for trading. Do your trades then send directly to wallet.

[shana95]

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 going to hold you tokens choose wallet and If you doing bounty campaigns, you must use wallets. Because of bounty programs request wallets rather than exchanges. But If you going to trading, just use exchanges. my personal advice is don't hold your coins/tokens in exchanges. use wallets for that.

[pinky]

If you wanna to hold for long term  my advice is to keep private keys somewhere safe. Keeping your holdings in exchange can be big threat against your expectations regarding selling them for profit after some time

[rbt]

If you don`t plan to trade them, then is better not to keep your coins on any exchange. Indeed, if you have many different coins, it`s more convenient to keep all of them in a single place, but you have complete control over your funds only if you keep them in your wallets. Obviously, a hardware wallet would be the safest choice.

[Jeff-reY]

I keep a minimum of coins on an exchange that I use for trading.
Because an Exchange could go offline or could be hacked.
It is always a risk!