Exchange or Wallet?

[wndrbr3d]

If you are long-term investor, you should choose wallet (best variant will be hardware wallet). But if you skilled trader and you can predict moments for "buy low" and "sell high", your choice is exchange.

[Hektur]

The best way to safe your cryptocurrencies is using Trezor or Ledger, I personally use Ledger - you can keep there more altcoins than in Trezor. But on the otherhand I read that Trezor looks like more secure. And also I think every altcoins have future when you can store on Ledger or Trezor, because noone can rob you (for now... ).

[KTPU777]

If you are an investor, then I advise you to keep your coins on purses. It's safer than storing them on the stock exchange. And if you trade, then you definitely need to keep the coins on the exchange. After all, you will use them for trade.

[Herdirfauzi]

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 suggest you to make a wallet, do not exchange. because every project needs a wallet address, not an address exchange. you can use myetherwallet to receive your rewards

[Herdirfauzi]

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

be careful from exchanges, I use exchanges only for change or trade with very low amount of my assets. some of them after some time be scam. so check and be careful

yes, do not ever keep all your money there, to guard against other people's evils, to prevent it from happening better

[bisdak40]

For more security you can buy a hardware wallet, such as Ledger Nano S. It`s way more secure than keeping it in exchange.

Agree, it is much better to invest in a hardware wallet. Etherwallet can be hacked just like the etherwallet of my friend where two of his wallet has been hacked. Don't know why, maybe he exposed his private key.

[iigor]

The simple rule of thumb is: Don't keep any coins in exchange unless you are going to use it. That is it. If you are long term holder, don't keep it in exchange. Keep it in wallet, the best is hardware wallet.

[1kings]

Wallets are safer than exchanges.

Statistically, exchanges are prone to hacks than wallets.

[alani123]

Wallets are safer than exchanges.

Statistically, exchanges are prone to hacks than wallets.

Desktop wallets have been proven to be probe to hacking as well in certain occasions. Parity and electrum have been such cases. And some hardware wallets have had vulnerabilities as well. For long term storage paper wallets are considered safer. They can be saved with multisig as well for extra physical security.

[lolek_bolek]

If losing your coins would be a life changing event you should consider storing you coins on a nano ledger.
If you day trade then definitely keep the amount you use on exchange.
And if you transfer your money a lot, avoid transferring directly between exchanges because its not 100%. Send coins to your wallet first and then to the new exchange.

[muhammed27aslam]

If you want to hold the coin for long term, better transfer it to wallet. i would suggest to use Hardware wallet like Nano S ledger or Trezon.

For trading, you could keep it on Reputed exchange like Bittrex, Poloniex, Binance and bitfinex.

[SaoAccel]

I think it's better to put your coins in an exchange because you can do whatever you want with it and you are in charge of your profits and loss. The cons is that there is a little bit of chance that you may lose your coins because exchanges can be hacked.

[Elby]

Exchangers are not safe as they can be hacked and if this happens you can lose all your coins.

[sksshopee]

There is a big difference between an exchange wallet and a private wallet. With a private wallet, you are the only one controlling the wallet address and its associated private key. An exchange wallet is generated on your behalf, yet you have no control over it whatsoever. Although you can freely use an exchange wallet, it is not your digital property by any means. Unless you own its private key, it’s not yours, nor is any of the money associated with it.

[sujeewacrypto]

Its depen on what's you going to do. If you are a trader, you have to keep coins on some exchanges. Its good to spread coins on few exchanges to reduce risk.
If you are a investor or long term coin holder, better to buy a hard wallet or offline wallet.   

[azalea69]

Wallets are safer than exchanges.

Statistically, exchanges are prone to hacks than wallets.

indeed the exchange is indeed a lot of doubt that happened. then we take the risk we better choose the wallet only.

[Igorpap2]

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

As for me, it's very simple.
To store large amounts, you should choose hardware and desktop crypto-currency wallets, as they are most of all grounded on ensuring the security of your assets.
On the exchange it is necessary to store only small amounts that you plan to extinguish in the near future.

[Kirb29]

Don't put your digital currencies on crypto exchange sites. Only use this crypto exchanges when there is a need to exchange your digital currencies. If you only know that there are many cases of crypto exchanges accused of being a scam or got hacked. It's not so safe to put in all your coins there. So use wallet instead of using the former as your digital currency storage. 

[Daniel9140]

I really think this depends on what exactly you want to do with your coins.

If you are holding your coins for the long term, you should never keep your coins on an exchange.

If you are day trading your coins, I would advice you keep your coins on an exchange because you need to buy and sell quickly for profit.

But overall, its very risky to keep your coins on an exchange. Always store your coins in a wallet that you control your private keys.

[Bybox]

It depend on what kind of trader and how much moneydo you invest. If you are day trader then you have to keep your fund stored at the exchange. If you are Long term trader then you should keep your fund in your wallet.