Exchange or Wallet?

[nytstalker]

Exchange is the most secured to hold your coins because in wallet i have issued that my coins hacked.

[myhoho]

Exchange is not a wallet. its a simple exchange and always there is a risk of hacking and bankrupt.
Wallet is the right place to store your coins. Do you ever left your money in a exchange office in real world?

[geverciss]

Exchange is the most secured to hold your coins because in wallet i have issued that my coins hacked.

The opposite is true As long as you keep your private key safe and uncompromised the wallet is fine. There are some other steps required to take to make sure your wallet won't be hacked like secure your PC.
I don't trust any exchange for there are plenty of them and new ones pop up every day. No one can guarantee any exchange is safe.

[alexey8080]

Wallet for sure. Preferably hardware like Trezor or Ledger nano if we are talking about large amounts.
It is better to pay once and be calm.

[BlackBoxRecords]

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 important to know when to do what. If you are hodling long term, a wallet is safe and will provide the best solution, but if you are a trader, wallets are just not the right tool for your business.

[CryptoTrip]

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 constantly trading, then of course it's better to exchange, for faster operations. If you keep money for a long a then wallet, because it isn't known what will happen to the exchange or the government will close or some restrictions will be introduced

[razinvel]

I think even it is not necessary to think about it, of course the wallet will be the best option!
the stock exchange can collapse at any moment, and as experience shows, there may be problems!
the main thing is to choose a good and safe wallet

[CryptoMishka]

Exchange is not a wallet. its a simple exchange and always there is a risk of hacking and bankrupt.
Wallet is the right place to store your coins. Do you ever left your money in a exchange office in real world?

Totally agree! If nobody steal it, then you just can loose it, because the exchange not listed coin any more.

[moonriver]

Exchange is not a wallet. its a simple exchange and always there is a risk of hacking and bankrupt.
Wallet is the right place to store your coins. Do you ever left your money in a exchange office in real world?

Totally agree! If nobody steal it, then you just can loose it, because the exchange not listed coin any more.

Generally speaking, it doesn't happen that way.
If an exchange decide to remove some coin from its trading list, it will give you enough time to withdraw your coins.

[wayaneka]

I prefer to keep all my coins in exchange but not in 1 exchange, at the moment i used 7 different exchange just want to be more safe, because keep all money in 1 exchange is risky, and by keep in different exchange i can trade it for day trading or swing trading in efisien. Although keep in exchange more risky than in wallet but my purpose to get profit from trading.

[ridho002]

If I personally maybe I will exchange some of it, some of it will probably be stored in my wallet.

[askmecrypto]

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 depends over your requirement. In case you are keeping coins over a long term hold, its always better to keep them secure in the hardware wallet, however if you are keeping tokens to day trade, its better to have them in exchange.

[greydking]

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 exchange.

[Altf4]

As of now that I am very new in this forum I would rather store my token in my wallet because it is early to transact for exchange because of little amount of token I have.

[webmone]

Maybe we choose both because it depend in situation stock exchange if my coins are not for long term investment but if i want to keep i can hold my coins

I do not trust exchanges, if you want to keep your coins for longer than day or two, it's better to use a wallet. You can use one multi-currency wallet for keeping several different coins, no need to open many separate wallets.

[GandiwaSF]

for better you also Keep in wallet for security for your koin. But if you want to trade your coins then obviously an exchange. If you want to hold then wallet is best, total control over your assets on your hand because you have the keys to access wallet. my opinion Wallet is more safer then an exchange.

[naily]

Keep on the stock exchanges only the money that you trade, put the rest to your wallets for keeping.

if you plan to long-term hold your coins well, you should keep it in their specific wallet and note that you will be rewarded if it has a balance. But if you really want to do day trading or short term trading of currency exchange will be the best to keep because of the cost.

[marjil]

People use both and both work well. Both can get hacked, so there is no clear advantage. If you remember, a lot of people's wallets have been hacked but so have exchanges which meant people's coins were gone. It is unlikely they can get them back. But if you follow correct procedures most of the time you should be safe.

[crenfrosck]

I would go for a wallet. If you put your tokens on an exchange, you are not an owner of your coins anymore. Thus, you might be a victim of any kind of attacks from the side of hackers, as they are targets of their attacks quite frequently. If it was successful, you rely on compensation from the exchange, and if a lot of funds were stolen, there is a chance that the exchange doesn't have to survive it.

The exchange should serve just for exchanging coins. If you are a day trader, nevermind, but remember that it can lead to several problems at any time and therefore it is considered more risky than having them in your own wallet.

[Vatimins]

my suggest to you the safest to keep your coins is in the exchange, I keep my coins in my wallet but my wallet get hacked and now my coins gone.

     I must say, that is the stupidest advice anyone could give to any crypto person. Thee one who taught you that may be a person that is in a different level of stupidity or has a master's degree on being stupid. You can never lose your coins easily on a wallet if you are very careful with all your possessions or coins. clearly, you were careless and haven't taken the time to read on what precautionary things you should do to keep your coins safe. You should read more. Putting all your possessions on an exchange is like giving control to your funds to other people or just like handing your money to the banks that can change terms whenever they want to and gives you no choice but to agree to them since your possessions are in their hands. Read more man.