Exchange or Wallet?

[Clark05]

I sse some news that their coin are missing and those people who are using exchange wallet. So I suggest better to have your secure your coins the wallet of the coin i think it must secure than exchnges site wallet. But everything is possible to be hack so be careful of what you are clicking maybe they are pishing that can get information to your account.

[1714512297]

1714512297

[1714512297]

1714512297

[1714512297]

1714512297

[1714512297]

1714512297

[1714512297]

1714512297

[ternyabin]

If you hold your coins in an exchange for long term then they are not your coins. This is rule number 1.
If you don't own your private keys you don't own that money. Just withdraw your coins to a wallet.

Undoubtedly, the wallet is safer than crypto exchanges, but I believe that it is convenient to keep a small part of the funds on the stock exchange. This allows you to very quickly carry out operations buying the coin in exchange rate fluctuations. Of course, it is better to keep funds on large exchanges that pay much attention to security issues.

[arkond]

Storage of personal keys better BC you don't need to worry that exchange will be cracked, and next day will disappear because you control the safety. An alternative to use of the exchange with the closed keys for you is preservation of control over the closed keys independently and by means of a trading platform.

[Elseye]

Wallet is a better way to keep your savings - it's just safer(in you do everything right), but if you have coins on exchange - you can trade them any time, that's convenient too. I'd recommend 50%-50% allocation.

[vaso11]

It all depends on the goals
If the trader is a stock exchange
If the holder - only wallet

[kayiboyu]

both of them are beautiful. sometimes the exchange is nicer and sometimes the wallet. because if we need to trade we need exchange.

[ivrynx]

If you would want to do day trading it is ok to keep you coins in an exchange, since it will be much easier for you ton exchange them in the platform, you can also see how much it went up or down, however exchanges also needs to update their wallet from time to time and there might be instances wherein you cannot sell your coins due to the wallet being suspended, it maybe because of an update in the system or the coin itself, but if you are planning to HODL for a long time and your coin is a POS, I would suggest to use the wallet instead of exchanges,  but be sure to secure your wallet at all times and keep updating. Both wallet and exchanges have their pros and cons, it will be up to you which one you will choose for storage.

[rasp]

I can only leave my coins at the exchange during the period I want to get it traded. Aside this, I always and shall forever continues to leave my funds in my wallet wherever and whenever I acquired them in one way or the other. I believed the risk involved in leaving funds at exchanges is higher in terms of been hacked or scammed, since exchanges are one the most targeted areas for these ridiculous scammers and hackers.

[fraufreiheit]

Exchangers is the worst place to keep your coin. your coin can easily be stolen. please keep your coin in wallet where you have the private key.

Well, I've heard so many stories about coins being stolen from wallets. So nothing is 100% safe.
Almost all exchanges already have 2FA which makes them a better place to store your funds. And I still don't see any 2FA in MEW, for example.

[Victorycoin]

Exchangers is the worst place to keep your coin. your coin can easily be stolen. please keep your coin in wallet where you have the private key.

Well, I've heard so many stories about coins being stolen from wallets. So nothing is 100% safe.
Almost all exchanges already have 2FA which makes them a better place to store your funds. And I still don't see any 2FA in MEW, for example.

Most of the exchange hacks had insiders, so all those security features are not water, but only as good as an exchange let them be. I think something common and even more worrisome about the use of exchanges and which lot of people are oblivious of, is the very high transaction fees we are having to part with every time we made use of the exchange. Even though the price for transaction fee for Bitcoin have now gone down appreciably low , yet some exchanges stii asking for no less than O.00100000 BTC  before request for withdrawal is granted.

[tonylewisverdu]

if you want to trade often then exchange. if you wand to hold for a while hardware wallet. from a full member i'm surprised by this question.

Go Green!

[Kenway]

Hardware wallets are more secure than stored token exachange. But when you see a good price in the exchange and want to sell your token, you will wait until the token will be transferred from the wallet to the exchange.

[sjdk]

For Bitcoin and Ethereum, I prefer to continue using my trusted exchange and all my tokens.
Your assets will be good if you can still control it, then safe

[PsylockReborn]

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 want to increase your coins through trading then I'd suggest you store it in an exchange but also bear in mind that there's a high risk that an exchange will be closed or bankrupt anytime or it can be hacked just like other exchanges (Mt. Gox, Bitrail).

If your just plainly storing your coins for as long term investment then the best thing to store your coins is through a hardware wallet. Right now I'm using Ledger Nano and its very user friendly and secure as well.

Here is a link that can help you decide on which hardware wallet that you want to use in the future if you prefer to use one. https://coinsutra.com/best-hardware-wallet-bitcoin/

both of them are beautiful. sometimes the exchange is nicer and sometimes the wallet. because if we need to trade we need exchange.

I agree with you. It really depends on what are we trying to do with our coins whether trade it or just leave it stored for years. Sometimes when the market is on green train we tend to like want to trade and play with our coins to get some profits.

[labil88]

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

[sunnydmd]

in my opinion, for hold long-term, I never leave my coin on exchange, when you did not have your private key, that mean you don't really have your coin. exchange is a kind that, they have your coin, not you.

[drippx]

I think the wallet is safer than the exchange. Because Etherdelta has been invaded many times and has been closed. also there are security exchanges for altcoins, such as Kucoin and binance.

[wong tsu gieh]

I think you better choose a wallet because it keeps your money in your wallet securely and can spend money for a certain time because using the exchange you can get funds from the exchange that is done if for the wallet can be a regular exchange

[ZBer_Cut]

If you are trading often you may put some portion of your coins in exchanges so it will be more convenient for you to trade back and forth.
Just don't forget to withdraw your profits/earnings to a much reliable wallet.

[mabell943]

 I'll go for exchange. In exchange I can make my money grow by converting what coins that I'm holding.
Unlike in wallet, its just in one place keeping what I have. Stays what I have. In exchange there's a possibility that my money may increase its value.