Exchange or Wallet?

[holigans]

always keep them in wallet , specially hardware wallets or paper wallet .

exchanges and wallets have both pros and cons .
exchanges give you instant buying and selling and 1 account is enough for all the coins .

on other hand own wallet gives you feel of safety .

day trader can keep his coins in exchanges but for a holder it should be in wallet .

Personally, I prefer wallet because with it we can save money in wallet hence can be seen from the situation because you do an exchange in the wallet will be exchanged regularly and get some profit

[smutexar]

Of course, there are several options. The most optimal one is balanced actions with your portfolio. it is necessary to buy and sell constantly moving on the waves of the chart. then you'll have a good profit.

[veraro]

When you keep your tokens on exchange you dont owner of it. Exchange could be hacked, it can have some technical problems or some juristic problems, anyway you can lose your money at any time. So if you have a lot of tokens the best way is to keep your money on wallets.

[Tamilson]

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 you're a day trader it will be better to stay your coins at the exchange site so you won't be left out or didn't miss any pump and dip so you'll have a good profit. But if you prefer holding it and just trade it when you profited then don't leave it at exchange site and store it in wallet especially a hardware wallet. Because when the site gets compromise all your coins will be wash out in an instant.

[naldal kaka25]

You should put your assets on wallet because wallets have high security, no one can steal without a private key.

[dvmd catona]

If you want to hold a coin for several years or more, I recommend using wallet, if that is eth or erc 20 then you should use myetherwallet, it will protect your property safely.

[Specialforce]

I prefer to use wallet especially when having a long tern investment so in this way you can store them long enough but if you are just holding in a short term token why not put it on exchange so you can exchange it right away

[luisdvmd25]

I am a trader so I let my coin in the exchange site, it helps me drilling rod easier, when buying and selling

[chirst adam94]

I only use my purse to protect my property, I do not trust wallets on the exchange, it is very dangerous and can be hacked.

[buiduc]

If you are a trader then you should let your property in exchange, if you are a holder then you should put your property in the wallet, which will help your property safe, and exchange helps you easy liquidity

[matthewtherry]

I use myetherwallet to keep my coins and I think it is a secured wallet and I didn't have any problems using it

[lunnatic]

As long as you use Exchange that can be trusted or that has a high popularity you can just keep your money there. But if want to be more secure I suggest to use a private wallet just to anticipate something bad thing happened to your money.

[mark1220]

It depends to your decision if what you want if you want day trade then put it in exchange sites or f you want to hold your tokens its best to put to your wallet as long as you save your passwords, its all depends on you.

[Mr.Spreadthehamster]

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

Depands on total amount of money and your actions with it.
If it is small amounts, than it is okay to keep them on a good exchange.
Or if you are a trader, than it pointless to move money our of exchange.
But if you are just bought and holding it, better use wallets, it is more secure.

[CryptoTrip]

It all depends on the shelf life. If it's long then it's definitely a wallet. If you trade once a week, then I would use  exchanges. In my case, the part is on the wallet, part on different exchanges.

[pinoyrichkids]

Choose wallet rather than exchange site, its more safe than exchanges.

[Ania Alison]

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

The best practice is to keep only those funds on exchange that you want to day trade or hold on mid term. For other assets and long term investments is better to use cold wallets.

In this situation, it is recommended to hold nothing at all on the stock exchange. As now in the market of crypto-currencies there is a falling trend. In these conditions, it is very difficult to trade!

[Wisoran]

The wallet is safer than the excange. If you keep cryptocurrency for a long time, choose a wallet.

[rh72]

I think better you can use exchanger if you wanna trade your coin. But, if you want to save your coin for a long time use wallet.

[waton gayeng]

never leave your coins for long span of time in exchange. by doing that, you are just risking your coins to get stuck with the exchange.