Exchange or Wallet?

[Yarsk]

It all depends on your choice and what you intend to do if you want to go into trading the exchange site is the place your coin should be and if you want to hold then you can hold your coin in a wallet of your choice. Different options for different purposes that is how it is.

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[kopijos]

wallet would be great for storage options because wallet has our own control over the wallet. if our exchanger never knows if the exchanger can keep our coin trust, I suggest you use an exchanger when it will buy or sell and to save you using wallet.

[Anita1873]

It is depends on your wish what you want to do, if you want trading frequently then you can keep yours coin/tokens on exchanges according to your requirement of time. It is always better keep your coin in offline or online wallet due to security reason.

[Fantina]

it seems to me that if you are investing for the long term you want to use the wallet type, the Ledger nano , but if it's constantly trading course exchange

[mr.niwangz]

It's better to keep your wallet hidden in your coins because it's just a safe way for your coins compared to exchanges, there are also dangers to hackers. So in your long terms you'll prefer the cold wallets for safety your coins.

[lhflyfeihong01]

At first,I like storing my coins in my wallet,because it's safer!
Later,I realize I need more trades to make profits,so I transfer
my coins to the exchange.
And I know when my coins in the exchanges,I could be more
focusing on the trade.
In fact,the coins in the exchange are safer than wallets!
The customers have a more probabilities to lose the private key with
using wallets,that's a dangerous action,you will lose your coins entirely!

[d1ceplayer]

I think its not that bad to hold in exchange wallets if you set nice password and 2fa. You just need to not using suspicious unknown exchanges and everything will be okay, holding in personal wallets can be quite harder than this.

As long as you are not trading, it is very bad and it is not safe, no matter how reputable or trustworthy the exchange may look. As long as you have your money on exchanges, you have no control over your funds and anything that happens to the exchange ends up happening to your funds which you will never be able to recover, and the same applies to centralized exchanges. The best thing is to put your funds in wallets where you have the private keys.

[Subkarnas]

In the beginning I used exchanges but now I transfered to a personal wallet. Occasionally i use exchanges to purchase cryptos but then I transfer it to my wallet. If anything occures, I can transfer it to any of the exchanges cheaply and in a fast manner while if I hold all of my crypto on one exchange and there is high volume I have to wait for hours until the servers become operational again

[rollingstorm45]

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 further recommend sharing it 50:50

because both are not 100% safe

if you want the most secure, is to store it in a hardware wallet like Trezor or Nano Ledger, then, your job is to keep the wallet out of reach of children or maybe your friends do not need to know

[KTPU777]

If you plan to keep your coins, then it is better to keep them on purses. On exchanges in this case, it is better not to store the tokens. The probability of losing them increases. And if you trade, then definitely you need to keep them on stock exchanges.

[qqwx]

Its depend on your uses, like you want Hold, so you try for wallet of your desired coin.
But if you want to Trade, then you should use exchange wallet.

[inanilujimi]

there is nothing difficult to choose a wallet or exchange.
now it all depends how your goals in the coin.
if you just want to save it in the wallet like MEW.yang most important you have to be careful with phishing sites there.
if I personally never keep a coin in exchanges unless I want to replace it with real money.

[wagi]

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.

Its very true. Only store in exchange the amount of your asset that you will use for trading.
The other asset just store in wallet that you control the key. Its more safe in my opinion.

[yndye]

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

The better choice would always be to keep it in the wallet simply because the one who has access to it are the ones who has private key or seed which would be you and anyone you would provide your private key. If you keep it in the exchange then anytime the exchange will shut down, they are taking your coins from you and you can't do anything because you don't have access to it. Yes it would be favorable if you keep it in the exchange so that if there are any trading opportunities then you can quickly trade but the disadvantage is that you don't have the private key so typically it is not your coin.

[SonOfNorth]

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.

[Boi qaaf]

If you are active traders it's ok to put some of your coins in exchange, but if you are a long-term holder then the wallet is your best choice, but do not put the majority of your coin in exchange, we have seen a lot of complaints on exchange, being hacked or compromise, so play safe wallet is still preferable.

[RedArcher]

Personally, I use exchanges only for trading, after which I transfer my tokens to my wallet, it seems that it's safer than being stored on the exchange!

right, storaging coins at exchange is too risky.
try small aggregators - then you will cut your losses for transferring coins to exchange and back from there.
I use coinmonkey.io for this one.

[RedJose]

Personally, I use exchanges only for trading, after which I transfer my tokens to my wallet, it seems that it's safer than being stored on the exchange!

right, storaging coins at exchange is too risky.
try small aggregators - then you will cut your losses for transferring coins to exchange and back from there.
I use coinmonkey.io for this one.

I guess that’s the very right decision. Wallet - for saving coins, exchange for trading, but I also tried aggregator and it is not usual but still it it fast and nice.

[cryptonoob312]

From the point of view of what's more secure I think exchanges and open web wallets are the same. It's easy to hack both. Desktop wallets are little bit more secure but still not perfect. But where to keep crypto depends on your aims.

[KuyaBreezy]

Exchange is way too vulnerable to hacking plus your coin activities is pretty much exposed, wallets are safer bet as you can chose which one works for you and encrypt it in your own liking, always stay safe