Exchange or 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.

[1715152534]

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[1715152534]

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[joann15]

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

It depends how you used it especially your device that your using it like PC, laptop or mobile phone. If you are using safely and not accessing any phishing or untrusted sites and you are scanning your computer with your antiviruses I guess you are really safe. Always remember no one is safe in the internet.

[Usafstar]

For me both are good the wallet have their own benefits while the exchange can also provide the benefits of exchange and the trading can also be done here in this way we have to use the exchange facility it is more important to me than any other and now the bitcoin is good to keep in exchange because any time we can use the exchange facility to trade bitcoin for any other coin and now the Ethereum NEO and many other are word of mouth of every one.

[Rebisco]

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 your purpose is to keep your bitcoins, it is better if you will save it in your wallet. It is risky if you will save it in exchanges because the exchanges is a platform where you can trade your bitcoins to altcoins. You can secure your bitcoins if you will save it in bitcoin wallet.

[ady_crypto]

most token can be stored on myetherwallet. but if you do daytrade you should keep your coins on exchange if not its safer on wallet. i hope this helps

[my1st]

All right. If we are talking about tokens, then MEW and Metamask are the best choice.
The rest depends on the intentions. If you trade, it's logical to keep coins/tokens on top exchanges. These exchanges are now much more reliable than they were a couple of years ago - they receive huge commissions on a daily basis - it is profitable for them.

On small exchanges I do not recommend keeping anything - only with a quick goal - to sell and withdraw.

[Elismoon]

To keep your coins safe use wallet not a exchanges. Many exchanges are now being hacked and millions of dollars are lost with the coins hidden by traders in exchanges. So it's better that your coins are hidden in the wallet because it's safer

[Olena9797]

Look. If yoo wanna do day traiding with whole your budget keep it on exchange and work. If you dont do this and just buy coins and holding it of course better is hard wallet or split it. Its even better

[steve321]

divide part of your coins  in split exchange wallet, i think keeping your coins in exchange is security then you personal wallet. because they are professional.

[seggardinggins]

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 you better make your own wallet because all the controls are in your hands and the most important thing is the security is more awake because I see there is one case that terbobolnya one exchanger and honestly it makes me more worried and would rather make a personal wallet

[noamm1]

Wallet. The safest way to hold Cryptos..

[Bayoe_noe]

I think it's better to keep it in the wallet. we will not know how the future of an exchange is. it's safer if we keep our assets in the wallet.

[MISS_nSTASSY]

All right, for the beginning lets divide actions with your portfolio by category.
You can buy some crypto which is really cool in your opinion and you decided to buy it depending on your own research because you think that this currency will be much more expensive in some years.
Or you can buy some alts because you think that upcoming news that were announced will make it rise in short term.
In first case it is better to hold your assets on the wallet which is under your control and only you are responsible for it's private phrase security. In the second one - exchanges are that type of instrument to work in such situation.
So decide which strategy you will accept and make decision on your strategy, thats it

[Riga]

Do not keep money on the exchange - it's very dangerous. The exchange can be hacked at any time. I think it's safer to use a wallet. Especially safe are hardware wallets.

[PadenoM]

I read somewhere that best practice is, don't hold more than 2000$ worht token on exchange platform, above 2000$ put some of them on your wallet it will be safer, don't forget crypto exchange platform are the fisrt target of hacker

[donadoni212]

the question is whether you want to trade or want to invest in saving coins? because if you want to trade then you can save on the exchange but with a nominal not too big because it is very vulnerable if one day the exchange is hacked then your assets will be lost. but if you want to keep the coin and invest long term then I strongly advise you to keep it in the wallet, I like the wallet software but it is very vulnerable to hack. if you want to keep coins with large quantity then I suggest you to save in hardware wallet like ledger s nano.

[Ulanisohon]

My opinion is this:

For short-term positions (from weeks to several months), it is quite normal to use the exchange. It is important only that it is a large famous exchange. I, for example, when practicing trading, worked for Bittrex and Poloniex.

If it is a long-term holding , then it is better to use individual wallets. Coins will certainly not be so mobile for immediate sale, but it will be protected to a much greater extent.

[Raymondavid47]

In my own opinion I will advice to keep/store your cryptocurrencies in an external wallet. That's if you can afford the external wallet and the transfer fee.

[trash321]

If here we are talking about where to store your money, then of course you need to make a conclusion in favor of cold wallets, and it is better to make a choice in favor of hardware wallets.

[Jimile]

I think it's better to keep the coins in my wallet, I feel more relaxed. own wallet is more reliable