Exchange or Wallet?

[huzun]

If you want trade or sell your coin - exchange. But if you plan long time keep and you are investor - wallet better

[Bibi shop]

You can store cryptocurrency on an exchange.A friend of mine thought that Coinbase was a wallet.While it does have "wallet-like" features - such as the "vault"to make you "feel more secure"It's still an exchange. Coinbase holds the private keys.

[tvtoan1994]

I keep them in wallets and put them on exchange when needed and effective on profit. Because all put on the exchange can be evaporated quickly.

[mammusu]

I suggest of you, don't save your coins or tokens on the exchanges
because you can not control your token there. Store your coins in the wallet it will be better than store in the exchanges.

[Periodik]

If you are only looking for a storage, then it is not advisable that you use a wallet of an exchange site. It is not safe there. You do not have a private key of your account in an exchange site. There were so many instances in the past in which accounts in exchanges are hacked and their coins stolen. Until now similar complaints are still rising. The best wallets are those hard wallets.

[jankekek]

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

It is better to secure your funds in wallet to avoid losing it because sometimes, coins in exchanges were being delisted without announcements.

[Bountyx1]

keep coins on the exchange - it is dangerous, but in this case, you can quickly sell them at a convenient case. If you store coins in your wallet and want to sell them, you can miss the price, but this method is much safer. Trader=exchange, Holder=Wallet.

[Stigmuu]

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

hi, i dont have yet enough experienced but base on my observation, if you choose wallet it should have cyber security not to be hack by others, otherwise others will take advantage on it.
if exchange site, make sure a trust worthy site not to scam you...
.. that's my insight, thanks

[Jansaa]

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 have long-term storage, you should use wallet software, but if you want to trading on exchange, you should keep on it. for easy transfer and trading!

[Rupcrypto]

It depends on what you want to do .if you are going to trade is an exchange or if want to hold you can choose wallet then you can control all your assets as you want.

[taongam]

I think you should be keep your funds in your exchange wallet and you should be careful on which exchange site you are going to store it .Make sure they have a good reputation or background on their security .But wallet is more safer then an exchange ,but it depends on your use of the currency ,it depends on what you gonna do with your coin , trading or only holding !

[aggress0r]

Reliable exchanges are good to store fiat money or USDT during market correction when you've just sold on HIGHS and are snooping on the right point to Buy on LOWS. In other way it is better to store on different wallets.

[jaklis43]

You should keep your coin in your wallet. Do not stay at the exchange. because they will not be safe. Can be hacked at any time. Be careful your money is above all

[Ecex.Exchange]

First Token Exchange registration application! https://ecex.exchange/

[wedosgibas]

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 security, better to the wallet itself, including the widely used MyEtherWallet, MetaMask and IMToken. Because if the exchange site is still young and scam and close the web, your balance will be lost.

[bogacola]

They serve different purposes. Exchanges exchange, wallets store. Wallet is just an interface that generates your keys and helps you with transactions. In case of exchanges it’s the place where you can store, trade and exchange your crypto for fiat. Need long-term storage - go for wallets; Need flexibility while trading - go for exchanges.

[davida]

An exchange is where you buy or sell cryptocurrencies. Wallet is where you keep cryptocurrencies you've bought or have received. The wallet is owned and controlled by you Note that Exchange can be hacked anytime, so you are advice to get a wallet in other to secure your coins.

[Crypto Chips]

for the sake of security I think you better keep it in the wallet for long-term investment, if you want to profit from trading you can trade also there and take advantage menyimpanya on a trusted trading site

yup, i hold my bitcoin, and litecoin on ledger nano for long-terms investment and i hope thats will be good for my future, and right now i also save some of my fund on trusted exchanger sites

[Ra.moomoy]

It is always safe and better to use wallet most specially if you would like to hold coin in a long term. There are lots of wallet that is suitable for you and depends on the coin that you have so if you will just need the coin for a day trade it is better to keep this in exchange so you may avoid certain fees most likely of you are trying to roll your coins.

[Marina17]

Now on major exchanges to keep their coins is not dangerous. After all, a reliable exchange, for example, Binance will return the money to its users in any scenario.