indrakusumaindra
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The Standard Protocol - Solving Inflation
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March 29, 2018, 11:15:08 AM |
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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
personally i keep my coin in exchange wallet . The reasons is i doing trading so much, exactly everyday and i need fast transaction so when i want to do trading i can do it instanly . I think whether you safe your coin on exchange or in wallet is good thing as long as its trusted and have a good record. |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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PPumpsTogether
Newbie
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Activity: 42
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March 29, 2018, 11:25:42 AM |
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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
depends on you needs from the coin it self, hold it in the wallet much better and safe than the exchange and transfer with less fees possible, the exchange opening through the email confirmation and there is some people can hack your email and open your exchange account, but the key is to hard to get it for them, another thing is some times exchanges changes their rules and they can bans your account or freeze it and you can retrieve it after many procedures and that not good and that's can forbid you from a decisive moments when you want to sell. Wallets much better for hold and it's more safe and exchange only for trading. |
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arthurgrand
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March 29, 2018, 11:31:11 AM |
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If you are a day trader or want to get into new projects as soon as the hit exchanges, then mostly your token will be on exchanges so choose the safest you will want to leave your tokens in, but if otherwise then just leave them in wallets
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TamaraKul
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March 29, 2018, 11:45:02 AM |
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Each of us has his own experience on the basis of which he makes a choice to hold cryptocurrency on the exchange or on the wallet. I think most of the coins it is better to hold in the wallet and tokens for which the price is constantly changing it is better to hold on the exchange.
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a31078
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March 29, 2018, 11:58:27 AM |
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I can only leave my coins at the exchange during the period I want to get it traded. Aside this, I always and shall forever continues to leave my funds in my wallet wherever and whenever I acquired them in one way or the other. I believed the risk involved in leaving funds at exchanges is higher in terms of been hacked or scammed, since exchanges are one the most targeted areas for these ridiculous scammers and hackers.
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1000 years
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March 29, 2018, 11:59:45 AM |
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It depends what you want to do. If you want to trade then obviously an exchange. If you want to hold then wallet is best as you have total control over your assets. You have the keys to access wallet and you can send where you want.Some holders are having problems getting funds released from certain exchangers.
yes I think it depends on you. Bitcoin in its trade resembles the gold trading of precious metals. Why is it said to be similar to buying and selling gold? because when you trade to buy bitcoin with bitcoin exchager Bitcoin actually you have is yours and can be stored wherever you want and can be in exchange directly if you feel it is more profitable. |
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EinaiOraCoinDev
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March 29, 2018, 12:10:18 PM |
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If you want to do trading and make your coins active and growing, go for exchange. If you want to hold your coins and wait for the right moment to sell them, go for wallet. Wallet is for storing your coins. Exchange is for moving up your coins. If you have several coins in your wallet you can actually trade some of them and choose which ones can be traded in exchanges.
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albon
Legendary
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Activity: 1694
Merit: 1356
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March 29, 2018, 07:11:38 PM |
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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 coins in the wallet is a good choice but you have to keep your private key in a safe place, and with time you make good profits. If you are a trader you have to keep them in exchange site and you may lose them. good luck |
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HectorFabian
Newbie
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Activity: 138
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March 29, 2018, 07:35:47 PM |
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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 opinion These Exchange are the good ones in 2018:- Coinbase Bitpanda CEX.IO Kraken |
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Congyang
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March 29, 2018, 07:38:31 PM |
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I chose the wallet to keep my coins including the wallet offline, because with the wallet offline I can control my own assets and maybe I can feel safe and protected from hacker attacks.
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borovichok
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March 30, 2018, 07:20:04 PM |
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I prefer to keep coins in my purse, I feel more at ease. I believe that the transfer of coins to the stock exchange is necessary only for the performance of operations of purchase and sale. After that, you need to transfer the coins to your wallet. Exchanges are often hacked and users lose their money or are forced to wait long for the coin to be returned. Your own purse is more reliable.  |
Stake VIP wager
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ladyquark
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March 30, 2018, 07:23:34 PM |
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actually it is also safe to keep a coin in exchange, but you need all the same to have the account of the Purse. for each transaction we need btc or eth the address therefore coins can be sent to the appointment address. if It is already sent, then automatically at the exchange will also exist because we imported our purse there.
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subG
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March 30, 2018, 07:24:09 PM |
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It's a no brainer. Your personal wallet will always be safer than keeping coins on an exchange but if you're an active trader, you will have no choice but to keep some coins on an exchange which should be fine as long as you're trading an a reputable exchange.
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kangkilokang
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Activity: 530
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Revolutionizing Crypto Payment Solutions
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March 30, 2018, 08:10:40 PM |
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dominant in the exchanger because it is directly connected to the trade, if the fear of funds and accounts are not guaranteed, then you should set aside the profit to the private wallet gradually, in this case hardwallet is the solution, all the wallet has a portion because not all can run on the same platform at once
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cokirix
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April 01, 2018, 02:38:32 AM |
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It depends on what you want to do. If you want to trade coins, you use exchange wallet, but if you want to hold your coins for a long time, you can use PC wallet. If you want to use a switch wallet, be careful, because some switches have problems in transactions or complaints, so it's best to find a good switch. The best way is to use PC wallet, because you completely control your wallet.
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ethergod
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April 01, 2018, 02:40:02 AM |
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It's always best to control your private keys. Keeping funds at an exchange is useful when you expect to do more trading on the exchange. Exchanges are also very vulnerable to hacking attacks.
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aussiesloth
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April 01, 2018, 02:46:36 AM |
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My #1 rule is... only leave the amount on the exchange that you will be actively trading within the next two weeks. My exceptions to this rule are tokens that serve a purpose specifically on that exchange, either for discounted fees or other benefits (ie. exchange tokens).
All other coins are best kept in cold wallets, or at the very least your own hot wallets - if staking, etc - to which only you hold the price keys.
If I'm planning to trade, I'll move the amount of paired currency to the exchange, place my buy/sell order and then remove the resulting token asap.
That said, for exchanges such as QUOINE/QRYPTOS, where all funds are kept securely offline in their cold wallets, I would be happy to leave some tokens there in the event that a bargain opportunity arises.
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letningmequin
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April 01, 2018, 02:57:38 AM |
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To be on the trading floor when you use that short-term, long-term you should be in the cold wallet.
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Vandemos
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April 01, 2018, 03:13:31 AM |
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It's a no brainer. Your personal wallet will always be safer than keeping coins on an exchange but if you're an active trader, you will have no choice but to keep some coins on an exchange which should be fine as long as you're trading an a reputable exchange.
I advise you if you want to keep the assets in the wallet only, do not occasionally in exhanger, because it is easily hacked |
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Vetal1908
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Activity: 285
Merit: 10
Hybrid Exchange Multi-language platform that works
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April 01, 2018, 03:20:49 AM |
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I had a bad experience of keeping money on the Bittrex exchange when I could not get through the verification and withdraw funds, so it's better to keep money on the wallet, preferably on a USB flash drive
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