Exchange or Wallet?

[Nivelir]

If we are talking about keeping funds, I think that you should always pay your money on cold wallets that do not have any connections to the Internet, until your synchronization. Today, there are a lot of scammers, especially exchanges, which very skillfully turn off your purses at the right time.

[webmone]

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 always better to keep money in different places. So I think it is good idea to organize wallets for every currency. On my mind it should be well-known reliable services. Then you will be sure about your savings.

[the1arty]

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

Surely no my friend, if you are not a day trader or trader, keep all you coins only on hardwallet, there is so many exchanges going bancrupt, even big ones.. and so many hacks, so keep on exchanges for long-term is not safe at all.

[rudyrista123]

of course I would advise you to keep all your investment in the wallet. which I use. for my ethereum using myetherwallet, and for bitcoin I use clear blockchain. but there is a end I more store all my inveatasi coins in exodus and coinomi walle

[Garrick Lee]

In my opinion even the most reputable bitcoin exchanges are suspect. Not because of intention but because of the many ways an exchange is subject to attack. An onsite wallet service is no better. As I said earlier anything that touches the internet is susceptible to assault. Therefore you might consider making rules? storing 90% of your bitcoins in an offline wallet and 10% for spending or investing elsewhere.

[Sohag Barman]

I am prefer exchange most. Most of the exchange have two factors authonication and mail verification for exchange security. I think exchange is more safe for coin or token hold.

[realcrypto]

Exchangers is the worst place to keep your coin. your coin can easily be stolen. please keep your coin in wallet where you have the private key.

[zafmine]

Without a doubt, keep it in a wallet you control. Only keep bitcoin on an exchange while you’re trading. Only keep bitcoin on an exchange that you’re willing to gamble and lose. Only keep bitcoin on an exchange that you’re willing to see disappear if the exchange were to get hacked or vanish. The only safe place to store your bitcoin is in a wallet you control.

[Imfinnabeon]

Open wallet for every coin and its not even close man. The only way I wouldn't open a wallet if it was a web wallet and that was the only option. Because in the past I have had massive troubles with web wallets, and I veer away from them now.

[Wicked17]

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 not store coins in an exchange if you are not going to trade it. There is a big chance for your coins to loss once the exchange is been hacked or having a big problem. Only put coins in exchange if you are going to trade it and withdraw it immediately in an external wallet that you hold the private keys once you are done trading.

[almtu]

To let your coin stay in your wallet exchange if your wallet is off line. Maybe the best is keep your coin in both to avoid instant lose if there will happen to one wallet.

[gustavroy]

everybody wants to keep their own tokens at the wallet but I don't want to pay exchanges withdrawal comission.But I use safe exchanges like bitter

[brianna isa]

Leaving your Bitcoin on an exchange is not considered a safe way to store your Bitcoins because exchanges are a huge target for hackers and are consistently under attack.
One of the best options for bitcoin storage and security is a bitcoin hardware wallet

[AlexOnix]

everybody wants to keep their own tokens at the wallet but I don't want to pay exchanges withdrawal comission.But I use safe exchanges like bitter

Well this is not a fact that they are safe. how many times hacked exchanges and exchangers. And how many times did the money for them hang.

[adrianto1995]

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

For Bitcoin and Ethereum i'm prefer to keep on My trusted exchanger and for all my Tokens i'm prefer to keep on MEW and then for all my coins i'm prefer to keep on QT wallet...
You asset will be fine and safe if you can still control it...

[ArtiSHOCK]

I prefer the wallet. This is a reliable storage of your funds for the long term. Exchanges tend to be closed..

[Obi2024]

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

Why do you want to leave your fund on the exchange when you are not trading with it, it is always better to keep your coin in a wallet which you have control of the private key for the safety of your crypto coin.

[cherry_no1]

For security reasons, you should keep your bitcoin on a flash drive with your wallet encrypted with a strong password. This prevents theft. Modern bitcoin theft involves inside jobs like an employee just transferring the bitcoin wallet on the exchange to a laundering service. Another form of theft is the exchange being subject to a hacking attempt which succeeds. The attacker then sends the exchange’s wallet to a laundering wallet. In the end, you would have to lawyer up and likely lose most of your bitcoin in the end. Having it encrypted on your own flash drive avoids trusting the world with your bitcoin.

[haracutama]

In wallet, I suppose
An exchange is essentially a bank, with the added feature of real time exchange.
But there’s a difference: if the bank gets hacked, your personal data get stolen, but your funds are protected by insurances and transactions can be reversed.
If an exchange gets hacked you not only give away your personal data, but you lose also all your Bitcoins, and Bitcoin transactions can’t be reversed.

[Nboramir]

exchange sites are better to make transactions quicker and take advantage of instant fluctuations. But from a security standpoint it seems much more accurate to keep it in your own wallet.