winfair
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 130
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 03:07:31 PM |
|
Of course keeping coins in our wallet are safe to get more coins because I can read all comment about exchange so its better to keep are token in wallet
|
|
|
|
RedJose
Newbie
Offline
Activity: 55
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 04:35:56 PM |
|
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
Right. I think wallets are much safety. Though which wallet us the safest one. Sure not taking into account Hard wallets. But combining wallet and scanner like coinmonkey would do a greater job
|
|
|
|
akmittal
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 04:41:42 PM |
|
It is batter to keep your Coins in a wallet instead of exchange. Because you have to keep extra record if you keep your coins on trading exchange. Most exchange does not provide summery of your holdings.
|
|
|
|
Sahyadri
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 04:47:12 PM |
|
The best way is to either use a nano ledger or a desktop/mobile wallet on a device that you don't use for anything else. I have seen people getting hacked by infected softwares that hacks the desktop or mobile wallet by accessing the sensitive information and also people getting hacked because of crashing or hacking of an exchange. Only keep that much amount on exchanges that you require for trade. Coins that you are holding for long term, should be kept safely in a different device or hardware/paper wallet.
|
|
|
|
susyoke
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 196
Merit: 14
repme.io
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 05:01:52 PM |
|
Very simple; Exchange: You don't have the private key. Not safe. Wallet : Safe forever , because you can control that coins.
Use Exchange for trading only.
|
|
|
|
ulia93
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 117
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 09:25:07 PM |
|
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
Many advise not to keep your coins on exchange and that's right, but there are examples for example related to the need to store 10, 15, 20 different coins and for this it is difficult to create cold wallets on your computer. Therefore, if the amount is not large and if the coin was bought not for long-term storage, then it is easier to keep it on exchange. And in the event that you plan to store for a long time, then you definitely need to create a cool wallet on your computer and be careful with viruses, otherwise you can lose everything even having a cold wallet.
|
|
|
|
lopez cryptomania
Jr. Member
Offline
Activity: 112
Merit: 1
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 09, 2018, 01:06:02 PM |
|
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
Keeping private keys is better bc you don't have to worry about the exchange being hacked, being gone the next day because you are in control of your security. An alternative to using an exchange that holds private keys for you is keeping control over the private keys yourself and using a trading platform. Here is a company that is doing just that. https://bitcointalk.org/index.php?topic=3085831.msg31823480#msg31823480
|
|
|
|
quierx16
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 09, 2018, 01:13:26 PM |
|
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
better to keep your coins on your own wallet that you have control on private key than keeping it on exchange. unless you are a day trader that trades coin for profit.
|
|
|
|
HELLOFF
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 602
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 09, 2018, 01:16:28 PM |
|
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
better to keep your coins on your own wallet that you have control on private key than keeping it on exchange. unless you are a day trader that trades coin for profit. You are really right, because many users who were stored in the form of a coin on purses exchangers, very cool regret about it. There are times when you will simply lose me, And if you used this address in Bounty companies, you may not get your earned coins.
|
|
|
|
s4mp1nt0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 09, 2018, 01:18:54 PM |
|
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
Holding for long term then use your own wallet. Trading for profit use exchange wallet. pros of own wallet is you have control on its private key cons is it takes time and effort if you want to trade your coins for instance.
|
|
|
|
Savemore
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 09, 2018, 01:20:37 PM |
|
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
My advise is do not store your cryptocurrencies in exchangers. It is still safe if you will keep your cryptocurrencies in trusted wallets. Exchangers are not wallets, there are many exchangers that were been hacked by the hackers. You can ensure that your coins are safe if you will keep it in trusted wallets.
|
|
|
|
BR0
Copper Member
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 81
Merit: 13
SIGS CREATION SERVICE - https://goo.gl/ChWJFn
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 09, 2018, 01:21:39 PM |
|
Saving all the coins in one exchange for me is not very recommended, because saving in exchange is very risky. If you want to save on an exchange, better keep it on a reputable exchange but you should still review it every day to keep funds safe there. I would recommend saving funds on a wallet.
|
|
|
|
zimmah
Legendary
Offline
Activity: 1106
Merit: 1005
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 09, 2018, 01:23:19 PM |
|
The huge advantage is, that most of the tokens are created on the ERC-20 platform and are provided by one wallet. I recommend to buy a hardware-wallet, which allowes to store several dozens of tokens at one place. Exotic tokens in small quantities may be stored at popular exchanges. Only don't forget about 2FA ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
|
|
|
|
pacho08
Jr. Member
Offline
Activity: 280
Merit: 1
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 09, 2018, 01:27:01 PM |
|
It may be hard for novice users to understand this principle, but a cryptocurrency wallet is not like a bank account. With a bank account, you rely on a third-party service provider to safeguard your funds. That is exactly what exchange wallets are, yet they do not let users spend their funds as they want. You always need “permission” from the exchange wallet service provider to move funds around, which is both annoying and risky.
|
|
|
|
plr
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1162
Merit: 24
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 09, 2018, 01:37:44 PM |
|
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 prefer to keep my coins in my wallet, I can secure it effectively, but with exchange, there is a chance of hacking, I only keep a portion of the coins that I am going to trade, there's a lot of hacking going on exchanges and you will have no control once it is hack.
|
|
|
|
WonkaW
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 126
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 09, 2018, 01:56:28 PM |
|
If I wanna to hold for long term. I to keep private keys somewhere safe. Keeping your holdings in exchange can be big threat against your expectations regarding selling them for profit after some time
|
|
|
|
Mr.Anonymous
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 09, 2018, 03:47:53 PM |
|
The huge advantage is, that most of the tokens are created on the ERC-20 platform and are provided by one wallet. I recommend to buy a hardware-wallet, which allowes to store several dozens of tokens at one place. Exotic tokens in small quantities may be stored at popular exchanges. Only don't forget about 2FA ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Actually about the security of wallet store cryptocurrency, I think core wallet is enough to help we have a safe wallet. It just depends on how to you using which device you used to store crypto. Secure that device careful, you do not have risk about stolen your coin.
|
|
|
|
amitkumratra
Jr. Member
Offline
Activity: 672
Merit: 1
Moderator
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 10, 2018, 06:53:46 AM |
|
If you are daily trader then exchanges are the good option but there is possibilities of hacking the coins any time by hackers on particular exchange. But if you are not a daily trader or you want to hold your coins for long term for good return then wallet is the best option because in this offline wallet you are safe from hackers.
|
|
|
|
lagista
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 10, 2018, 06:55:23 AM |
|
I trust the wallet rather than the exchanger. because with the wallet we can use our own control and can keep our assets until whenever and more secure. different from unsafe exchanger and have been exposed to fraudulent indications from various exchangers.
|
|
|
|
dicaprio
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 10, 2018, 07:00:37 AM |
|
Of course, the best solution for storing funds is a purse, and the best is a hardware wallet. But of course and the one that you have on your computer, too, will do. It seems to me that it's wonderful not to lose your money.
|
|
|
|
|