Exchange or Wallet?

[hotBriX001]

To be on the trading floor when you use that short-term, long-term you should be in the cold wallet.

Wallet if you have plan for a long term investment but much prefer into "hardware wallet" in which for me is the safer. Try then to observe market value if turn profitable then the time to make an exchange. Doing both simultaneously is much better depending in your financial stability.

[alforro]

if you are a trader the best way to keep your assets is on a exchange. if you are using MEW import thingy I should recommend you to use metamask extension. I do usually trade in Ether Delta . Idex Coinexchange binance and Cryptopia, as a trader I am leaving my coins there for about 3 months and then do a trading. with that I can manage to double my investments and just wait .
but the best way is to store to your wallet because sometimes exchanger can scam us because they do own the control of that

+1

[MashaVik]

Good counsel!. I read a lot of useful information here! Because I'm considering it, too.

[ShareAccepted]

I need a more sophisticated wallet that can link easily to an exchange and makes managing my coins easier and not more difficult and risky. I don´t see that product in the market.

[maduranga]

For a better safety need to be control of the private key of the wallet on our hands i think best option is use a multi currency hardware wallet

[maxiimallist]

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

Of course, storing coins on a hardware wallet is the safest way to store savings, but the storage of funds on the exchange has some advantages. For example, some large exchanges are very well protected from hackers, at least the stock exchanges themselves declare it.    In addition, if the funds are on the exchange, you can very quickly make a sale transaction and earn money. I think that it's best to keep the bulk of the funds on a hardware wallet, and there should be a small part on the stock exchange.

[deepocean]

wallet is more safe than exchange. If the private key is not yours, you are not the owner of that wallet. in this reason wallet is more security than exchange.

[Ascredo]

Saving the earned coins is very important, I will keep my coin in the exchanger when I want to sell it, and the safest place to store the coins already earned is in the personal wallet.

[Humpert]

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.

[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

I think these wallet are the good :-

1.hardware wallet

2.Waves Wallet

3.MyEtherWallet

4.Daedalus

[serejandmyself]

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

Hey, please remember one key thing: while you hold your coins on exchange - you are not owner of it! Was not Mt.Gox example enough for you guys or you need to loose money first to understand this simple rule to hold money on exchange only for trading needs not HODLING.

[catsmile]

If you intend to keep a long time, I recommend using the hardware wallet or MEW wallet. Keeping altcoins on the exchange is not really safe...If you specify to keep them for about 1 week to trade, lets use exchange's wallet

[geverciss]

If your goal is to trade some coins/tokens then an exchange is your best option as you will save on transaction fees. But keep in mind that since you are not holding a private key to the exchange wallet your money can disappear on the spot. Remember the February 2014 when Mt. Gox exchange suddenly suspended trading and closed its website.

[btcpara]

If you actively trade with your coins then you should keep them in exchange as it would save you all the fuss about transferring it from your wallet to exchange and vice versa but if you want to just invest in a coin and keep it for long term then you should use wallet as wallets are safer than exchange because exchanges get hacked many a times.

[QuinlanDeclan]

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 think both are the good, but I choose wallet because it is secure and easy to use.

[nikola22]

If you intend to keep a long time, I recommend using the hardware wallet or MEW wallet. Keeping altcoins on the exchange is not really safe...If you specify to keep them for about 1 week to trade, lets use exchange's wallet

but what about traders who work with big sums? they don't withdraw money every week and hold on exchanges thousands and hundreds of thousands dollars.

[dnsokoljuk]

What is your goal? If you want be a long time investor - my advise is: keep your coin's on a cold wallet, like nano ledger S. But if you are active trader - chose exchange and you can trade there with your coin's anytime you want. That is what I thinking

[tatianaellery]

I prefer to use some wallet because it is good for long term uses and exchangers are not safe as they can be hacked

[avirdoz]

Props to keep your crypto at exchange is that you can make fast trading decisions without wasting time on depositing and verifications.
But there is always a risk of losing your assets due to the unseen circumstances, as closing of the exchange or hacker attack.

[huzun]

The best way is to store it in your own wallet. Exchanges can get hacked and you do not have full control over it.
wallet more safe then exchanges.