Exchange or Wallet?

[IraKit]

I keep my coins on the exchange because I constantly trade. Wallet is a transit link when moving from the exchange to the exchange and it stores only the necessary minimum ETH.

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[Rizwan Javed]

It depends upon the individuals whether he wants to trade frequently or just want to hold the coins. Exchange is good for those who wants to trade on daily basis like buy and sell coins. While wallet is more secure and ideal for those who wants to hold the coins and is looking for safety and security.

[longwintershere]

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

hardware wallet in case you have few tens of usd to spare and invest in that. If you hold only little value crypto currencies, just choose the trustworthy exchange or online wallet

[joni727397sri]

Bitcoin Wallet is a digital fund storage (like a wallet), which is specialized to accommodate Bitcoin funds. Bitcoin Exchange is an activity of Exchange or Sell Buy Fiat currency (EUR, GBP, USD etc) and vice versa. Bitcoin Exchange is often analogous to Bitcoin trading place, or Bitcoin Exchange.
So obviously the difference between the two.

[Coolwar]

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

Exchanges are not suitable for storage! In the light of recent events, hacker attacks can easily deprive you of your savings. The simplest and safest wallet is MEW. When creating a complex password, you do not have to worry about your savings. You can also use the wallets of WAVES in NEO for altcoyins

[Pikachu12]

You should keep your coin in your wallet. Do not stay at the exchange. because they will not be safe. Can be hacked at any time. Be careful your money is above all

[twitami1]

Some users set a separate purse for each crypto currency (for example, Electrum-Dash or Ethereum Wallet). This approach undoubtedly provides a safe way to store digital currencies, because each of these wallets gives you the opportunity to control the private key. If the latter is stored in a secure place (for example, written on paper and / or stored on a flash device that is always offline), then you can be 100% sure of the safety of digital savings.

[CADguy]

Some users set a separate purse for each crypto currency (for example, Electrum-Dash or Ethereum Wallet). This approach undoubtedly provides a safe way to store digital currencies, because each of these wallets gives you the opportunity to control the private key. If the latter is stored in a secure place (for example, written on paper and / or stored on a flash device that is always offline), then you can be 100% sure of the safety of digital savings.

I agree with you, but however, it has some disadvantages. firstly, a lot of scattered wallets - it's uncomfortable. secondly, for each of them it is necessary to save a unique key seed-phrase (which will be a private key). how many digital currencies - so many unique phrases. if you lose one of them, then the entire digital currency will be lost from the corresponding wallet

[SHawk]

There is none of them without its both merits and demerits. It just depends on what you personally shall be doing with your funds at a given period. If you are for an instance having a great deal in Daily tradings, living your funds with the Exchanges with which you are transacting with could be the best choice at that moment, but if you are only investing in some coins for hold, I feel keeping your coins in your wallet would have been much okay, and when you need to cash out, you can endeavor to follow the few steps of confirmation  and get your transaction done. The reason been that living your funds with exchanges for long might be risky at times in any case, any inevitable occurs at the long run.

[DiceChain]

if I. I would choose to keep the coins in my wallet. Be safe and do not worry about leaving it at the exchange. Exchange can be hacked

[camric09]

A wallets is the best place to store, if you can ensure its full safety. But I think you need to have a few wallets and not keep everything in one place

Yes I prefer a wallet compared to an exchange. Also most altcoins wallet now will give you staking rewards for holding many coins and just letting it open,

[will777]

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.

[miklesm]

It is better to hold coins on cold wallets, of course, but if you have too many coins, it is rather difficult to have wallets for each coin. In this case it is very convenient to hold all your crypto on exchange. I don't think you should worry about the safety of your funds if you hold them on top exchanges like Bitfinex or Bittrex.

[bandungan]

wallet becomes the best choice to store coins, because in the wallet we can control our assets and can monitor anytime. different if we store in exchange our assets can be seen by the exchange management and dangerous because we can not trust 100% exchange is safe.

[Irkytsk38rus]

Here a lot depends on how you trade. If very often you will need to keep on the stock exchanges.And if you bought a coin for a year then of course you'd better start a purse

[Minor Miner]

Keeping coins on the exchange is very dangerous. Even the most reliable exchange can be the subject of a hacker attack. Don't risk your capital. Find a good wallet and send your coins there.

[btctalk123]

Keeping coins on the exchange is very dangerous. Even the most reliable exchange can be the subject of a hacker attack. Don't risk your capital. Find a good wallet and send your coins there.

If you really store your coins on an exchange, then you are a retarded.

But well, storing on an online wallet is not safe enough neither. I prefere to hold them all on my hardware wallet, it is ten times more secure.

[ololajulo]

I use both regularly and wallet more, most especially for new investment. If product gets active you put a little on exchange just to take some profit.

[carbonpenguin]

I think there is no need to keep ur coins/token in an Exchange. There have been numerous cases when people simply lost the money because the exchange was hacked or the exchange closed. As for me, u can store ur coins in a wallet where u have full access.

[JeromeTash]

Keep all your coins in the wallet whenever possible especially if you are along term holder. Exchanges easily get hacked and the only disadvantage of moving to a wallet is the small transaction fees which is much better compared to loosing all your coins