Exchange or Wallet?

[Raggie]

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 have an exchange wallet, usually they have multiple currency wallet in there, so you don't need to open another wallet for other crypto.
but it is not recommended to store your coins on exchange wallet. better use personal wallet.

[nsndasod]

Because I recommend long-term investment, you'd better use a wallet because the wallet is more secure and it's very likely that the trading platform will be hacked.

[NJB18]

Personal wallets are always the best in keeping coins because you are the only one that can access it and given proper security then you are secured. I got too many coins scattered in different exchanges only because I do trades and given that some coins have very expensive transaction fees.

[amyastrhjh007]

keep your asset in your wallet.the EX is always "no trusted man"

[valnd]

I use wallet always. I only use exchanges when I want to want exchange or do trading to sell off. aside that my dear I am sticking to wallet.

[Nilupulie]

There are advantages and disadvantages for both. If you trade day today it is easy for you to keep it with exchanges. But your purpose is to hold for a mid or long term then you can keep in a wallet. By keeping a wallet is always safe and it is very difficult hack these method. But there is a chance to hack exchanges when comparing to wallets. So it is advisable to keep in wallets unless you are not doing trading always. I also much prefer wallets and always try to put wallets instead of keeping exchanges. Hope this will help for you.

[conge]

better keep in exchange, because you can increase your funds, so far I keep it in exchange. because if I save in the wallet can not produce anything, and I will use the funds to increase my funds.

[shiningstar]

I prefer to keep each coin in their official wallet than leaveing all of them on exchange. It is always safer to hold it in wallet but it requires a lot of effort and hard disk space to store all that wallets, the cons is it's troublesome to move them if you want to sell some of them.  I don't like leaving them on exchange because there's always risk of hacking and your account can be suspended for some reason.

[Fnrecana]

I think it is better to hold your token in a wallet. It is more safer in wallet that in exchange. You must put it only on exchange if your are going to trade it. That is what the best thing you must do.

[tulpash]

I prefer to keep each coin in their official wallet than leaveing all of them on exchange. It is always safer to hold it in wallet but it requires a lot of effort and hard disk space to store all that wallets, the cons is it's troublesome to move them if you want to sell some of them.  I don't like leaving them on exchange because there's always risk of hacking and your account can be suspended for some reason.

I fully agree with you, it's calmer for me if the coins are in my purses. Crypto exchanges many times cracked and not always users received their money back, and if money was returned, then after some time. Yes, it's more complicated, but more reliable.

[feelideb]

Wallet of course. Why would anyone place his fund in the hand of third party who may or may not take neccesary step in securing your fund to tge best of it's ability. If your fund is held in the wallet, you have total control and you can have a rest of mind.

[BattleZeo]

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 advise you to have 3 wallets. One for work, the second for exchange on the market and the third for the permanent storage of tokens and money. After this you have to purchase Ledger nano.

[blackhart7]

if you want to secure your coins .. always try to use offline wallets !!

[Winner]

Because I recommend long-term investment, you'd better use a wallet because the wallet is more secure and it's very likely that the trading platform will be hacked.

I would use a wallet before I would use an Exchange because the coins on an exchange is owned by the person that owns that exchange. A wallet is personal.

[AltcoinAuthority]

if you want to secure your coins .. always try to use offline wallets !!

Offline wallets are the most secure wallets that someone can have. If they have a wallet that is online they can lose that money even when doing nothing at all.

[Yur]

Exchanges can be hacked, so they can't be trusted. All of these exchanges have been having some sorts of problems. So, wallet would be a safe option. In my opinion.

[Nagrogflaz]

saving a coin in the wallet means we still have a chance if the price of our coins goes up and I think it is safer but if we keep in exchange there is a chance that we follow the closing exchange or not operate anymore

[visiblehand]

Looking for your ideas on what makes a good exchange and how you choose where to trade.  Please respond to the survey at this link, so they'll know what you think: https://gnosis1.typeform.com/to/K65QZD

[sujonali1819]

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 your coins in exchange is a very bad idea. Exchange only for trade not for holding your money in any exchange. Try to use the wallet for long-term holding and don't click any phishing site and don't forget to keep safe your private key.

[Question123]

Exchanges wallet-maybe it's very risky because we know there's news that other people who experiencing their coins gone or not on their exchanges wallet . Better to set 2fa incase the other people want open your account to ythe exchanges site so you can warn.

Wallet is safe but count to think of it what if you need to sell your coins as rush you need to send from wallet to exchanges site and need confirmation to use it.

Remember the safety is how to protect your wallet.