Exchange or Wallet?

[hoangmika9x]

If you're a long term holder get ledger, and place on exchanges if you short!

[tuansemazi]

This depends on whether you want to hold or trade? If you trade it should be always on the exchange is more convenient than you can exchange at any time immediately without waiting for from the wallet, the risk is if the exchange hack or collapse you will lose. If you choose hold, you should put on your wallet, the advantage of not exchange exchange hack or collapse

[AIRDROPSQUAD]

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

Hardware wallet is the better way to secure your crypto assets. But it's too much complicated if you want to do day trading.
Keeping your assets on an exchange is riskier. But you can gain more liquidity and exit your assets to FIAT rapidly.

[otunayode]

There are many exchange that have earned their reputation for safety and many cryptocurrency users trust such exchange more than wallet providers. If you are looking for where to be safe with your fund, always look for history and reputation if these cryptocurrency service providers!

[hoangmika9x]

a cold wallet is needed if you have  large amount, own your risk, own your money!!

[zarintasnim]

General answer is keep your token your wallet. You can monitor your asset. And other thing that if you want to trade so you need keep your token is exchange. My opinion is you should keep your all coin in your wallet and when you trade than you transfer your token in exchange.

[kipozer]

If we talk with you about how to store money better in your purse and not in the purse of the exchange, I think that everyone understands this, of course the payment of the commission is not very pleasant, but it's better to give the commission than to leave the entire amount on the account of the exchange.

[Abugbilla]

Keeping your coins in your own wallet to which you have the private key, is the best option. But some people prefer keeping them on exchange sites because they can easily trade it as fast as you want. Mostly, those who do a lot of trading prefer keeping them on exchanges.

[Mrbee]

Usefulness of each option depends on your trading strategy. If you want to speculate in active way - you keep your tokens on exchange in order to operate them, if you have plans to hold for months - it's better to place tokens in wallets. For example MEW for ERC20 tokens.

[photo123]

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 hold the coin long term I suggest you to have invest in wallet cuz it secure the coins to scams

[nikola22]

I keep on telling people who cares to know, DO NOT ever leave your coins on any exchange. No matter how secure they claim to be, or promise to be, they can never guarantee you that their exchange won't be hacked anytime. Do yourself a huge favor and open a secured offline wallet for storing your coins. When an exchange gets hacked, it is only an apology that you will get from them, not a single coin.

but your coins from offline wallet also can be stolen. what will you do when going on vacation? you have to take Ledger with you and it may be lost. danger is everywhere.

[AVAMONEY]

Keeping your coins in your own wallet to which you have the private key, is the best option. But some people prefer keeping them on exchange sites because they can easily trade it as fast as you want. Mostly, those who do a lot of trading prefer keeping them on exchanges.

Basically it is having high risk stored your asset coins on exchanges for long-time as their exchanges doesn't giving you backup private key when anything happen with their server data that could losing your coins stored.
But I also do the same thing, usually save some of my coins especially Eth and Btc that I want to trading for 1 week only, after that I withdraw it to my personal wallet.

[aksay79]

Keeping your coins in your own wallet to which you have the private key, is the best option. But some people prefer keeping them on exchange sites because they can easily trade it as fast as you want. Mostly, those who do a lot of trading prefer keeping them on exchanges.

that's very true, the best step in saving coins is in the coin market itself, the market price can change quickly and we can use it quickly, sell with the right time

[LamontFalkner]

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 Exchange are good for you :-

Binance

Gate.io

KuCoin

[matedrink24]

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 Exchange are good for you :-

Binance

Gate.io

KuCoin

How can you forger about some basic exchanges that i think it's good for all the traders or even newbies also?
It's poloniex, bittrex ( not recommmend for newbies because they're asking for complicated verification).
Binance is good but they got some scandals in the last time due to some problems with hjacks accounts of users.
Kraken could be a good choice also.

[Realvishnya]

I consecrate the etherium on myetherwallet and since I participate in bounty campaigns I only use mew because the tokens come to it and there is support for ERC20

[Bressam]

Exchange is way too vulnerable to hacking plus your coin activities is pretty much exposed, wallets are safer bet as you can chose which one works for you and encrypt it in your own liking, always stay safe

[spaso_87]

still, I choose the wallet because with it we can save money in the wallet and can get the funds expended from a certain exchanger it can be seen from the situation because you exchange in the wallet will be an exchange on a regular basis
   

[aleacoin.io]

It depends on what your intentions are with the coins; but the most secure option would be in a wallet if you don't intend on trading/exchanging a regularly. 

[mastersay]

That's a very nice question sir, especially to the users that is still new in this ecosystem. For me it is best and advisable to hold your digital assets in your own wallet and not to exchange. I have experience it recently that for the exchange that I purchased some of the tokens, while I was on busy downloading the wallet , the exchange declares maintenance and I cant withdraw my asset. And at that time the price of that digital asset  that was on the exchange goes to the peak, and I have no choice but to wait when the maintenance is over. Lessons learned. Better store your digital assets on your wallet not on the exchange.. I hope I have convince you good day ahead