Exchange or Wallet?

[playboy654]

Exchange is not meant for storing our crypto currencies because there are chances for hacking our wallets easily so move your funds in to a hardware or software wallet then it will be safe forever.

[DaWidyaa]

I think better save in the wallet because if the save in exchange security is very weak and easy to hack. So I suggest when saving in the wallet and when on exchange only when selling coins only.

[cabin]

The point here is not far fetched at all. Keep your coins/funds in your wallets immediately when you are done trading them at Exchange, because of inevitability that may likely occurred to this exchange. So, hardly unless with carelessness can your coins be scammed in your encrypted wallets.

[Greenrace]

to store the coins we have will be more safely stored in a special wallet in accordance with the coins we have as an example we shed eth in MEW and exchange only for transition only

[balakang00]

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 to trade,  obviously that is exchange and if you want to keep it, put it in an online wallet. It depends upon the person which is better or more efficient to them. If you are contented on what you have and is just waiting for the value to go up, storing in a wallet is the best strategy, but if you want it to grow higher and gain more, try trading.

[RedArcher]

Exchangers is the worst place to keep your coin. your coin can easily be stolen. please keep your coin in wallet where you have the private key.

1000% correct.
don't use exchange for storaging coins. no way.
me personally gave up using exchanges at all after all these hacks.
I found aggregator - coinmonkey.io . it is a sort of supermarket where you can buy many things, it has rates from major exchanges and you can use any of them for transactions.
and no registering or verification needed. just fast and safe. no exchanges.

Absolutely!

This has been said enough already. But just wanted to emphasize it.

If you're holding coins for long term - get a hardware wallet!   

If you're doing regular trading ( and know the risks) find a trustworthy exchange. Remember there is little help to get from anywhere if the exchange goes under or gets hacked.

well, you can hold coins for long time period but when something outstanding comes out - you just can not stay far from that. unfortunately you can not be 100% sure about any exchange safety. that's why such aggregators could be useful - you don't interact with exchange itself personally

[kloinko1n]

Keeping coins in wallets is safer. All of us many times heard and breaking of exchanges, about abduction of all money by owners of exchanges

[mr.bitcoin2k17]

For keeping money wallet is safer

[philadey30]

Personal wallet is more safer compare to exchange, in terms of holding for long term  and also controllable.
Keeping your coins on exchange wallet is at your own risk, because exchange may shutdown anytime and once this happen, all your investments will get lost forever.

[ankit05]

I thing wallet is better to store your coin because the exchanger sometimes closes but sometimes there are hackers hacking your wallet. So both is good.

[donotlean]

if youur coins at good exchanges such as bittrex or binance you dont have to worry but always hardware wallets are best way to keep tokens but i have not.

[Gunpaycity]

If the coin or token has a wallet you should most definitely use it. The downside will be you having to manage another wallet.dat or whatever but that price is small to pay if an exchange gets hacked or goes down.

if the price of our coins are predicted to rise in a long time we should save in our wallet with all the risk but if the price is good I think we only need exchange

[korchenkov]

Unfortunately there are times that your unable to take a coin off of the exchange because your not allowed. then you have no choice. so to prevent this, whatever exchange your work with, make sure you can withdraw it before buying. Otherwise you have only 2 choices. sell (possibly for lower amount) or leave on exchange until you can withdraw it.

[yannick225]

In my opinion even the most reputable bitcoin exchanges are suspect. Not because of intention but because of the many ways an exchange is subject to attack. An onsite wallet service is no better. As I said earlier anything that touches the internet is susceptible to assault. Therefore you might consider making rules? storing 90% of your bitcoins in an offline wallet and 10% for spending or investing elsewhere, but you can do what you want.

[aalborg]

It depends on your coin turnover. If you constantly make some operations with your cryptos, it is better to save it in Exchangers. But I advise to use wallets for large amounts of coins.

[joelembiid]

wallet. I do not trust the exchange. I can hold long term

[Pattart]

Personal wallet is more safer compare to exchange, in terms of holding for long term  and also controllable.
Keeping your coins on exchange wallet is at your own risk, because exchange may shutdown anytime and once this happen, all your investments will get lost forever.

For the sake of long-term saving of course the wallet is the main choice but for users who often use their coins to trade it will probably have more prefer to save their coins in exchange. I think to avoid the risk of that site is shutdown. you should find a really safe exchange site and I've found it in a local exchange in my country. so I have no doubt when saving lots of coins in exchange..

[aborjin]

Definitely wallet safer.There have been many attacks on stock exchanges in the recent period.

[shekinahmarie13]

It depends on the situation, it’s better to have a wallet if you want to keep it. But if you’re in trading, it’s better to exchange. But I suggest to keep your coins and tokens in your private wallet, because it is more safer than exchanging. Exchanges get hacked and your coins and tokens will be lost. So it is more safe to better use Wallets for storing your coins and tokens.. Exchange immediately!

[Elby]

Lose money on exchanger most likely and you will not get coins back.