Exchange or Wallet?

[MashaVik]

Interesting topic. I read a lot of opinions. For myself, I decided to keep the money in my wallet. The wallet is a safe storage system.

[BitkoinJonny]

I suppose it depends on your aim. If you are going to trade it should be Exchange. But if you want to HODL it should be wallet

[mrproblem]

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 not a day trader or you are not trading at least once a week then wallet can be fine otherwise use exchanges.

[Rrotess]

It depends what you want to do. If you want to trade then obviously an exchange. If you want to hold then wallet is best as you have total control over your assets. You have the keys to access wallet and you can send where you want.Some holders are having problems getting funds released from certain exchangers.

Yeah your right my friend.This two was very helpful to us and it our choice what is comfortable with.For exchange much better when you are a trader. And for wallet also its defined upon your earnings or lets say holdings.

[luongdk]

Exchanges nowadays are not safe. Some of them are closing everyday, some - opening, and your wallet has access only for you in case of right using. So wallet is better IMHO

[Caesar-Giulius]

You do not control the private keys of the wallet in an exchange, hence the wallets doesn’t belong to you. You are at the mercy of exchanges if one day it closed down and run away with your money. Another cons is whenever there is airdrop or fork, it depend on the exchange whether to give you the free coins or not.

Unless you are trading actively, there is no good reason to keep your coins in exchanges.

[allwithpassion]

I think it all depends on the credit of the trust of the wallet and the exchange. I keep my tokens in the RL wallet - they have a full-fledged ethereum-wallet!

[wanderloy]

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?

Keeping your coins in exchange wallet is very risky because there's a lot of incidents that when the coin exchange is being attacked - the result after the event is uses are losing their coins. '
its too risky because wallets on coin exchanges are temporary and local wallets are more safe than temporary wallets.

[wanderloy]

I think it all depends on the credit of the trust of the wallet and the exchange. I keep my tokens in the RL wallet - they have a full-fledged ethereum-wallet!

Partially agree but it is still depends because when we are doing trade of course we are keeping our coins in the temporary wallets that is coin exchange wallets but it does not mean it is ok and safe for keeping it for a long time because coin exchange are vulnerable to hacks and attacks and could result into losing your coins.
If you are not planning to trade your coins for a long time then it's better you would keep it on your personal wallets

[Valentina Ambassador]

Hello! On my opinion better and more safety is use wallet but no any guarantees! A lot of people make some simple mistakes! Hope you think about latest new - ED was hacked and other exchanges etc. Exchanges can close and there is no any chances to out your assets in this case!

[boss1dg]

wallets are always best option to save coins , bcoz exchanges are prone to hack and if hack occurs on large scale , then you will lost everything ..
but people do open phishing sites by mistakes and wallets also can be compromised.
so always check url properly .

if you are new in crypto and amount is big then buy hardware wallets .

[nesso]

do not trust any exchange. a few days ago we all saw what happened in the binance market. or how mtgox is sinking and what is happening on the market right now.
even the largest exchange is not entirely safe. most safe to keep in your own wallets

[dnsokoljuk]

If you want trade or sell your coin - exchange. But if you plan long time keep and you are investor - wallet better (but with safety access, like ledgerwallet)

[#Bentley]

If you are a trader then you can store your coins on the exchange, and at the end of the working day return them to your wallet.  If you do not trade, then store coins on a hardware wallet.

[KingKrypto]

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

Keeping your coins in your wallet is far safer than keeping them in an Exchange.
Exchanges can get shut down, can get hacked and ultimately you will lose your money and you didn't even do anything wrong.
On the other hand, your wallet is also at risk when it comes to viruses and hackers.
Either way, you must be cautious.

[Jdavid05]

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

Keep your coin on exhanges because if your coin pump so much sell it and wait for the dump then buy so your coin amount will increase not like on wallet.

[will777]

I prefer an exchanger to save my digital assets, I am sure it will be much safer because it requires several additional verification times, and there are some customer service that can be contacted if there are any obstacles

[BlasterS]

I would be rather to choose exchange instead of wallet. In exchange you can obtain a higher income and instant income in just a fast period of time so it is better to choose to obtain a better life in future.

[manismanja]

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

to store bitcoin or other coin for long term I better keep it in bitcoin wallet directly as its example blockchain.info but for short term you can use exchane wallet.

[visiblehand]

I'm helping the folks at Gnosis out with this survey about token/cryptocurrency exchanges: https://lnkd.in/dcEhpKY

If you have five minutes to spare, it would be great if you can share your thoughts with them.