Exchange or Wallet?

[maxim4eg123]

Please use personal wallet. Do not store in exchange. Because there are many cases where hack exchange is hacked. and everyone loses everything

[jfsayo18]

If you're going to hold it for the long run, better to use wallet for each coin. If you're going to trade the coin and just waiting for the price to pump, better let it stay on the exchange.

[TomUyamot]

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

Generally, I think it is far safer if you save your coins in wallets, hard wallets to be exact, if you want them to be safest. But I think you do not need to create or buy a hard wallet for your every coin. That is not a practical thing to do anymore. I think it is enough to buy a single hard wallet and save all of your coins there. The disadvantage here is if you are a trader, an active one for that matter. You are going to be paying a lot of transaction fees if you deposit and withdraw your coins in your wallet and then to an exchange, and vice versa, all the time.

[Euroda]

i prefer to use some wallet because it is good for long term uses but if you are a short term trader why not go for the exchange and but you can do use this both for bigger profits

[ronnis.gomes]

If you are a short term investor, it is better to keep the coins in na Exchange, otherwise move them to a personal wallet

[Azaria Rodriguez]

A exchange is ideal for a person who is more concerned about efficiency,reliability and doesn’t mind security or paying more for quality service.
Holding the private key on self such as a paper wallet is more suitable for a person concerned about security, privacy and self sufficiency.
However if you do want to hold the private key in person, paper wallets is an open option although given that paper tends to deteriorate over time, its best not to have a literal paper wallet, but a paper wallet that is offline and preferably in different formats that can be isolated on a hardware that cannot be easily breached,but definitely not online since then they are more prone to being misused.

[Benedict Lee]

I'm more of wallet. It is best practice to securely store your crypto in a wallet that you control the private keys for. A hardware wallet makes this very easy to do, and a user would have to have the wallet in their hands to move the coins.

[otundebis]

Wallet make a whole lots of sense for you to keep your coin and token.  You get to control and administer your fund directly without third party!  The freedom and the security you enjoy as a results of your fund been under your control can not be compare with that of exchange.

[coinnumber]

Both are good as they perform different functions. Exchange wallet is normally used for trading and you don't have full control over it while in terms of normal wallets you have full control over it as the private keys and even the address belongs to the owners alone. It's the best place to save your coins after trading in exchange it important you move your coins to your wallet for safety.

[Tanzion27]

Its just a normal thing! If you like for a long term! I definitely say to use wallet rather than exchange it. Its because if you try to put that on exhange basically your digital money is not in a safe condition! So be better use the other one the Wallet. But for those who want it immediately, exchange it! It will be better for you.

[srmecdes]

it is depending your budget.. if it is small amount, no need to spend effort with wallets.. Exchanges is enough but if amount is bigger, you need wallet for security..

[hawkins]

it is depending your budget.. if it is small amount, no need to spend effort with wallets.. Exchanges is enough but if amount is bigger, you need wallet for security..

I use more exchangers than wallet. well, it's because of its more practical use. well but it all depends on the user. each person has a different purpose, so using exhcnger or wallet I think it's the same.

[J_Perez]

If you are holding long term, Most definite a wallet. If an change goes down you can lose all you coins. I always recommend the Ledger Nano S. If you are trading just keep what you are currently trading in.

[MattMurdockxDD]

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 would deepeneds, if the exchange is credible then you can put it there. But if not then store it in your wallet. But if you just want to keep it for long term then I suggest that you just keep it in a ledger wallet.

[cypress257]

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 whether you want to hold it long or short term. If you are going to day trade it and don't plan on keeping it for a long time then leave it on the exchange so you don't waste your money in fees transferring back and forth. If you are in it for the long run then put it into a wallet, it'll be safer there.

[wiro212]

nice post mate... actually there are depends on activity will you do for example daily trading, playing on game, or etc. with a lot activity you should choose a lowest fee for gaining profit, for notice high fee is decreasing profit. i prefer to use wallet with your activity except i do daily trading of course you would need exchange site.

[MISS_nSTASSY]

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

But lokal machine can also be hacked, so we gat a little problem here - everything can be hacked
Hacking any machine is only matter of time and resources. But exchanges can not only me hacked - they can turn scam, and tell people they were hacked. In that case using wallet on own machine is much more better. So if you operate with crypto - exchanges, if you a long term holder - only own wallets, especially consisting hardware will be great for next year or two - perfect variant

[BinManR]

I personally think the wallet is better if you have not seen the front of the coin or token. I do not have the habit of passive exchange or exchange of black market with what I have, a little patience you will see the effect.

[avalence]

keeping it in your wallet will be safe and more chances are you will buy a new altcoin. and if you invest quite well in exchange

[Hammerman]

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

All wallets are safe enough. The danger is that the user himself can allow him to steal his private key. Any mistake made by a person can lead to a loss of control over their funds. For these purposes, any hardware wallet is perfect. At the exchange is also not the worst option with 2fa. But do not forget that the exchange is not under your control, unlike wallets.