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Author Topic: Exchange or Wallet?  (Read 8543 times)
stigmacryptonight
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February 25, 2018, 10:24:29 AM
 #361

If I myself save in some exchange, then in hold within a certain period. But there are some coins that are kept in the wallet. just a savings account, especially a POS wallet
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jackky
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February 25, 2018, 10:25:34 AM
 #362

Keeping it on the exchange platform is the best way since you can sell it whenever you do not need to send back the exchange. Using the exchange platform you can convert it to whatever Altcoin you want. Using the exchange platform, you need to turn on many layers of security, so it is also a way to protect your Altcoin.
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February 25, 2018, 10:25:53 AM
 #363

I think if you are a newbie and your digital currency is not particularly rich, then I suggest you put it on the exchange.
If your digital currency has a lot of assets, I suggest you buy a hardware wallet. ,

cryptolottocc
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February 25, 2018, 10:28:30 AM
 #364

Exchange is the most unsafe option, but if you haven't bought bitcoin when it was for $2 then I don't see a real need in HODL strategy. The market is still very vulnerable to news, manipulations and hacker attacks. You shoud always keep your hand on a pulse. 1.5 week ago ETC was for $14, now it is $34. It's a big investment opportunity there in such cases and they are happening very often. If you are holding your coins on open wallets that's a big failure and losing of potential earnings. However, if you are not very into exhange tradings then of course you should try some cold wallets. I reccomend TREZOR and LEDGER. They both are off the competiotion and are second to none.  

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Ryan Tirta Permana
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February 25, 2018, 10:28:59 AM
 #365

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
With MEW you can save a coin that is using ERC20, but I would recommend the exchange if you want to trade then if you want to hold long term I suggest a wallet because your coin in your hand I mean like offline wallet or wallet hardware.

Anne8
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February 25, 2018, 10:35:02 AM
 #366

The safest option is to keep all your coins on wallets , so much safer . And in case if the market will close the input and output of coins at the pump , it quickly can be translated into needed exchange

Transfer it to exchanger can not be done by instantly mate and need several time depending on exchange itself.
Store in wallet is very safe like you said but this is only for long term holding and not suitable with short term trade.
Babyfaceless
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February 25, 2018, 10:43:16 AM
 #367

For long term holdings I think personal wallet would be the best option. Exchanges are always the target of hackers due to the large volumes of cryptocurrencies flowing in them. Its ok to hold crypto in exchanges only for short term trading purpose
togamamora
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February 25, 2018, 10:56:19 AM
 #368

Depends on what you want to do with your coins.

Coin for holding - > wallet
Coins for trading/swing trade/day trade -> exchange.

However, I do have my HODL coins that I keep in exchange because I'm trying to accumulate by swing trading.  It fluctuates 10% everyday.
h55
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February 25, 2018, 10:59:34 AM
 #369

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

of course, wallet is better than exchange for long-term holding, but if you want to trade you must hold your coins in Exchanges. you must determine your gold, holding or trading?
Toukexx99
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February 25, 2018, 11:21:03 AM
 #370

If in my opinion you better keep the coins on the Exchange site, But it's up to you I just want to give an opinion, And if you want to do trading,
In My opinion Choose two exchangers where you want to take advantage of price differences. I am advice is one from the international market, one from the local market.
 The local market has an arbitration appeal because it tends to be slower in adjusting prices so that its movements are more predictable and exploited.
Ramtapsbtc
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February 25, 2018, 11:22:19 AM
 #371

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 on who you are, i mean if you are a trader then of course you will go for an exchange because that is where you store you crypto while if you are an investor it is advisable to store your crypto in a wallet and when you decide to sell then you can always go to an exchange of your choice.
sunno330
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February 25, 2018, 11:35:06 AM
 #372

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

Different wallet for each coin, when you want to hold coins.
Such as Dogecoin, Ethereum, Bitcoin, Waves.
There are different wallet for each coins.
But if you would like to trade, then obviously you need to use an exchange wallet.
Its depend on which type work you want to do.

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shirackjs
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February 25, 2018, 11:39:24 AM
 #373

If you are not trading, it is not advised to keep your coins in exchanges. It is better to use the official wallets to store coins for the long term and keep those coins you want to trade daily in exchanges. You will never know when will the exchanges have problems and close down suddenly.
cryptogirlboss
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February 25, 2018, 11:51:06 AM
 #374

It depends on what do you do usually! if you just HOLD then its better to keep all on your cold wallet (not connected to internet)

but if you trade, its ok to leave on the Exchange, proven that:

-the exchange has never been hacked before
-has reputable standards of security
-your trading budget its less than your holding

always keep it safe if you can!
Britanshio
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February 25, 2018, 11:52:36 AM
 #375

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.
Yes it is true the difference between that two when you are going to trade you must choose an exchange and if you keep your tokens/coins just you have a private wallet and keep it first.Thats only my thought.
sentinus
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February 25, 2018, 11:53:53 AM
 #376

Keep it in wallet is better for security. But if you want to trade your coins, keep it them in exchange

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visiblehand
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February 25, 2018, 11:55:13 AM
 #377

Your number 1 priority should be keeping your money safe - so I'd definitely say that a wallet combined with a decentralized exchange should generally be your best bet, even if it makes trading a bit trickier.  If you need an exchange because of lower rates or more options or whatever, take the tokens off the exchange as quickly as possible.  Some of these exchanges are super-sketchy and are definitely going to be losing people a lot of money at some point.
KDjr
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February 25, 2018, 12:13:06 PM
 #378

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 what you want to do. If you want to trading your coin then keep it on an exchange and bear the risk of losing due to hack or getting your account locked or something. but If you want to HODL your coin for long term then wallet is best as you have total control over your assets. because only wallet give you private key and the private key take only you can access that asset. Wink Smiley
mahimonliner
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February 25, 2018, 12:16:10 PM
 #379

Wallet is more safer then an exchange. But it depends on your use of the currency. it depends on what you gonna do with your coin, trading or only holding.
If you holding the coin transfer those to a hard wallet and keep it safe.but if you wants to trade left them on exchange.

nelsmining
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February 25, 2018, 12:29:40 PM
 #380

I would not use an exchange to keep my coins long term but for day trading they are fine. Just make sure you are using a reputable exchange with decent security measures.
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