Exchange or Wallet?

[MarlonDamon]

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

wallet are the best and i use "myetherwallet " this wallet is good. cux It's hold and keep in safer place.

[spacelab]

both of them is a good idea
just in case one of them will be failed

[WakinXXX]

as for me i prefer hold on wallet. I have some different coins and had some planing to change it before. Situation on market do correction in my plan. i hold on wallet

[Ivy41]

Its actually depends on the kind of thoughts you have towards those coins. As earlier indicated by some contributors before me, if you involve yourself  more in trading, especially day trading, l think you leaving it on the exchange is kinda good thou this at your risk, but its goona make trading easier. If your plan is to hold for long term investments, I think securing your coins in your wallet is best. Its more safer from hackers than it being on the exchange, thou wallet is not 100% safe too.

[gowobonyok]

actually keep the coin in the exchange is also safe, but you still need to have a wallet account. for every transaction, we need btc or eth address, so coins can be sent to destination address. if already sent, then automatically on the exchange will also exist, because we have imported our wallet account there.

[Maloppo]

if do you want to save your btc or altcoins for the long time, is it better to store in the wallet
and do not using on exchange to store your bitcoin for the long time. it's very risky.

[Charlie Prime]

wallet. Only wallet. I think good choice - papper wallet. If you need often make many transactions - you can choose hardware wallet (like trezor)

[Scambusterz]

wallet. Only wallet. I think good choice - papper wallet. If you need often make many transactions - you can choose hardware wallet (like trezor)

Of course a purse. Neither one exchange can give you confidence in the safety of your funds. It is better to choose hardware wallets. I use the wallet Ledger Nano S. While I'm happy with everything.

[IwanGunawan]

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 I prefer to keep the coins in the wallets rather than on the exchange, why is that? I think store in the wallet is more secure than in the exchange, because ever the incident as well as some of the exchange is exposed to hackers,

[sambelulek99]

each individual has their own decision whether to save in their wallet or send it to the place of exchange. If you predict the coin will have a high investment value should still keep it in the wallet and monitor developments, while felt not have a low investment value should immediately sell it. Saving a few coins on the spot is ineffective in addition to having issued a fee for the transfer, fixing the price we want will take a long time.

[beigai]

After such a long period of time and seeing all sorts of news, including friends and myself, I feel that it's safest to put coins/tokens in your wallet.
Of course, if you are lazy, you can still put them on the exchange, just don't put too much coins/tokens on them.

[emanbea07]

I prefered wallet. Because i use for now myeherwallet compatible in ERC20 . All tokens are compatible in erc20 i can recieve.

[Nexmesh Team]

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

Keep your coins in a wallet (preferably offline) wherever possible. If you want to keep them on exchanges for quick trades then I'd suggest spreading your assets over a few different exchanges so at least if one of the exchanges does get hacked then you won't lose everything.

[lalambz95]

Should choose individual purses. to secure your token. Exchange can be hacked at any time and really dangerous

[chutchmcgillicutty]

Should choose individual purses. to secure your token. Exchange can be hacked at any time and really dangerous

Unless you are planning to sell your crypto within in the next month or so, I'd suggest moving it to wallets. It isn't wortht the risk of exchange getting hacked and losing everything


 

[Praesidium]

Ofcourse it is safe to store coins to a walllet than to exchange sites because wallets are more secured than exchange sitess. because there are cases that exchange sites are getting hacked and compromised that may result to the loss of many tokens. This is why it is better to use wallets

[letua]

It is more safer to store coins in wallet that in exchange site even though both are vulnerable if the owner don't know how to manage properly the private key or what ever that needed to avoid.

[Stac]

It is safer to store your crypto coins in wallets than exchanges as there are more chances of loosing your crypto coins if you store your coins in the online exchanges as exchanges have your private key and hackers will be able to hack when storing on exchanges as it is stored online so it is better to store crypto coins in wallets, there are different kinds of wallets available in the crypto market so you need to choose the best wallet to store your crypto coins, USB wallets like Trezor and paper wallets are safer as your private key will be safe in the users hands.

[Thiekungan]

Of course I chose the wallet to save my coins. As far as I know exchange function to do sell or buy not to save coins.

[Considered]

 Wallets guarantee safety to your coins more than exchange does, its not to say that exchange is unsafe,but they are prone to hacks, as compared to wallets where the safety of your coins is entirely dependent on you