Exchange or Wallet?

[alfs75]

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 want some advice in this group of community,all you can hear have a different opinion in each of every member of this group,but in my own if i choosen this two, i rather to open a wallet of each coin.because if you put it in your MEW wallet you have your own authority to see or view your balances  in your own private key with your own risk,unlike if you put it in exchanges trading theres a big chances that it will loose,if those exchange trading will be hacked or closing there operation,just like happen one trading site in japan,while talking about wallet there is a most secure wallet they provide the metamask,or the ledger Nano S or this trezor,but this wallet you can buy with high prices at least all your coins is safe and secured.

[JasonCroper]

Exchange is not a wallet. Coins in exchange is not real, it is just a IOU. Exchange can just go away or bankrupted or hacked, and you will got nothing.

Wallet is the right place to store your coins.

[arthurgrand]

If you want to risk keeping your coins in exchanges then be very selective of that but it's way safer to leave your coins in thier respective wallets

[sevtan74]

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 best not to keep money in one place, decentralization should be decentralized. Keep some money on the stock exchange, some of the money on a cold purse. Situations are different, hackers, special services, scammers. You need to be prepared for any situation.

[Conal Garcia]

You can't trade from your wallet unless your pseudo-wallet "app"has an exchange integrated. Its important to understand an ""exchange"" is a third party selling you something. A wallet is a personal storage device. You cannot exchange Bitcoin for fiat using only software; You must have an account with a third party, who provides order-matching services, or acts as a counterparty to your trade, and provides banking services. You pay fees for these services, and your risk your property by allowing them custody.
So i think you should exchange if you dont need to hold your coins for long term.

[zenman0]

If the conversation is about where it is best to store your money, then it's best to do it on remote or cold devices. I think that such an opportunity will be the safest. Because I believe that today there are no 100% secure systems.

[lexodig]

You want to trade your coins at an exchange site. If you want to keep them in the long run keep the offline wallets will be good for you.

[vladimirjune]

In my own opinion you should not trust any exchange out there to hold your tokens long term, There is a possibility that the exchange will get attack or will shut down anytime who knows. Wallet of each coin is preferred if you are not a day trader if you plan to hold long term so you must hold it outside the exchanger, And off line wallet is the best of them all. Choose wisely

[nik9990]

can be stored and on the exchange, although if you get a reward for the bounty then you need a wallet

[buharikx31]

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

Better to hold not a big amount of different tokens or use the same protocol for easier holding. 100% it better to hold at wallet but sometimes, exchanges can provide you better security measures then desktop wallets

[miti251194]

I usually keep the money in the exchange, because I regularly trade the day, it will help me a lot of fees. If you hold a long-term wallet

[suvo05]

There are some basic differences first of all if you want to trade with your coin then obviously you need to put it on any exchange. Though some Wallet provides the exchange facilities but the are charging much more than the exchanges.
Next thing is the KYC, in the exchange websites you need to fill the KYC form but you can store in wallet without any KYC.

[dasha_buka]

If you need a crypt only for doing business, you can use a wallet. If you are an investor, then of course the stock exchange.   

[gangem07]

If you need a crypt only for doing business, you can use a wallet. If you are an investor, then of course the stock exchange.   

It depends on how you stock your coins If you are ready to sell your coins then put on a exchanges and if you hold for a long term put it on your wallet.Hackers are everywhere be wise to putting money.

[RosemaryWarren]

If you do actively trade, then exchange is obviously the better option as otherwise the fees will just eat up all your profits. But for holding an offline wallet (or a hardware wallet) is the most sensible choice for security reasons

[btcformula]

Both is important. If you long term investor keep your coin in wallet & daily trader keep it on exchange. Binance showing good initiative to stop hacking. According to me it's a reliable exchange.

[Bernardo lewanusa]

if kpin not listing save in wallet first, because somewhat safe.
do not keep assets on the exchange for too long.
because it is very dangerous

[bitcoinjasensatom]

if kpin not listing save in wallet first, because somewhat safe.
do not keep assets on the exchange for too long.
because it is very dangerous

We really want what is safe for us but how to maintain it safe is different thing. Well to be safe I know ,y coins first whether at this phase if it is a good exchange time for them or the better time to keep them. Usually, I do keep them for the purpose of the high value of the coins for the next years to come. Whether exchange or wallet it will really be up to your decisions whether to progress or lose all assets.

[Dominic_King]

You should generally keep crypto in your own personal wallet. It’s like owning gold- if it’s not in your possession then you don’t really own it.

[Edsel_Miller]

Like with any sort of value, you need something to hold it. Technically, you can keep your money on an exchange, but this is not recommended. The reason being your typical exchanges are centralized businesses. This means all the private keys are stored in one place (so to speak) and therefore can be hacked.