Exchange or Wallet?

[1kings]

Both.

If you're holding, wallet.

If you're trading regularly, exchanges.

[kingvirtus09]

If you have penny coins there then exchange is a good store of value but if it's big then you can save it on wallet. Depends on how many coins you are hodling. If you have metamask then that's a good choice.

[spiffcow]

Both is important. If you long term investor keep your coin in wallet & daily trader keep it on exchange. Binance showing good initiative to stop hacking. According to me it's a reliable exchange.

[alttry2019]

Of course of your own wallet. If exchange gets hacked, all your coins will be gone.

[kateycoin]

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 safe wallet like hard wallet or offline wallet because if you put your coins to exchange it more risky because you will know if the exchange is totally secured.

[Ray3z]

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.

For them whom put money in exchange for big amount, they have been ready for the risk taken.
It can be very risk but comparing with profit i think they know which one is the best for them. Not storing in exchange can be safe but can not buy the altcoin that we expect. Decision is yours.

[Gwyn]

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.

For them whom put money in exchange for big amount, they have been ready for the risk taken.
It can be very risk but comparing with profit i think they know which one is the best for them. Not storing in exchange can be safe but can not buy the altcoin that we expect. Decision is yours.

People who want to make big deals are sure to choose those big platforms, so there will be no problem in the short run. In fact, hacker attacks are not so easy. In the long run, not trading is the safest way to put it in a cold purse.

[republicrypto]

Both, a half on exchange and a half on your wallet,,
in exchange you can set up your sell orders, so, when the price growing and touch your sell order, you can get profit in BTC if you trade in BTC pairs
so, you didn't miss an opportunity in good price
keep your coins a half in your wallet is good for long term hold,  
regards

[jeffbitcoin2018]

Sir its depen on you choose wisley sir
And think if this your right decision! 👍

[kere hore]

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.

If I think it's up to you, if you have a coin in exchange it can be profitable, and if you want to save money in the Wallet it can be seen from the situation because you are exchanging in the wallet will be a regular exchange and gain some profit

[David Vo]

If you regularly trade coin every day you will use your wallet to store coin so it will be better and you use it most conveniently.

[luan la]

Using a cold wallet to store coin will be safer than saving on the trading floor, trading floors may be attacked and you may lose money there.

[CrimsonGT]

I think your own wallet is far more better, as some exchanges can come turn scam and you will never get your money back.

[tera do]

Trading platform or purse is your choice, depending on your purpose and needs, you will store coin where the most suitable.

[Magister Magus]

I recommend the wallet, because you have all the control over your coins (and of course, also the responsibility: if you lose the key, you have no escape).
Using an exchange is like using a bank: you are more protected, but you are in their hands: if they fail or they close your account ... bye bye...

[tvtoan1994]

The security system of the trading floor is very good, I trust and I leave the coin there, I am very comfortable.

[mary cury]

I am an investor, I buy coin for the future and I will keep them for long so I store them in cold wallets so I can avoid stealing and it is safe.

[raidarksword]

It is much safer to store your valued assets to your private wallet to prevent stealing and hacking attacks that just recently happened. Just use exchange wallet if you need something to trade to the market just to ensure your valued asset will always be protected at all times.

[ezra band]

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

For me, keeping your valued assets to your private wallet is more safer, this is to prevent stealing and hacking attacks that may occur. The only time you would use exchange sites is when you are to trade something in the market to ensure that your valued assets will always be safe and protected at all times.

[jyotianand01]

It depends on you that if you want to do trading then you have only one option and you have to hold your coins in any exchange where you want to trade but if you are a long term holder then you can hod your coins in online wallet or hardware wallet. Hardware wallets are 100% secure from any infiltration.