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Marina17
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April 18, 2018, 11:41:00 AM |
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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.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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Matdog
Copper Member
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Activity: 462
Merit: 100
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April 18, 2018, 11:45:46 AM |
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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.
You are the only person who keeps all information, private keys or anything else to access your account. The site will no longer base the database on every wallet. Means if you lose the key, myetherwallet can not recover it. Unlike an exchanger, you will rely on web site security and cons with a hack-prone exchange. Therefore I prefer the best wallet like myetherwallet |
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balrog
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April 18, 2018, 12:18:44 PM |
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If you are a crypto believer and enthusiast and interested in long-term investment - crypto wallet is what you need . Using your own wallet you can be sure that you will not lose you coins if exchange will decide to temporary delist it . (such things happens from time to time) . Also , it will protect you from exchange's scam-exit . You will be the only person who control your tokens . But if you are a short-term investor , there is no need for you to store funds on a personal wallet . Storing your funds on exchanges gives you mobility and thus , increase your chances for a profit .
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olympys
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April 18, 2018, 12:21:40 PM |
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Both ways are good as they perform different functions. If you are a trading or summ of coins are negligible choose exchange. If you want to hold for a long time or have large share you should go for hardware wallets.
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SHawk
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April 18, 2018, 12:26:16 PM |
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Bitcoin exchange is a website or service that lets you convert fiat currency like US dollars and Euros to Bitcoin. In other words, exchanges buy and sell Bitcoin at the current market rate. Bitcoin wallet is basically a software program in which you store Bitcoin. A Bitcoin wallet actually contains one or more private keys that allow you to sign transactions. I prefer to secure my bitcoin in the wallet.
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Erik Goff
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https://assetsplit.org/
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April 18, 2018, 12:27:53 PM |
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Do not save your cons on exchanges! You can lose all of your money, be careful and use offline wallets.
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Specular
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dApps Development Automation Platform
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April 18, 2018, 12:36:10 PM |
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Wallet of course. Exchange can vanish at any time but your personal wallet is yours until forever. It is safer than exchange wallets that can be hacked by an inside job worker. So if I were you use wallets, especially offline wallets.
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shiv06
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April 18, 2018, 12:36:21 PM |
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Both are good it's depend your condition if you want to hold coin then wallet is best at you and if you exchange your coin then exchanger is best you.
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djuqkman
Newbie
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April 18, 2018, 12:38:20 PM |
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I will put most of the coins in my wallet, so long as the key is kept, it is safe. Usually, I only transfer money to jiaoyis when I need to trade.
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joelsamuya
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https://emirex.com
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April 18, 2018, 12:42:14 PM |
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Hi, this is a good topic to discussed because a lot of newbies and traders prefers to keep their coins on the exchangers. Well it depends on us on how we manage our financials, but remember that keeping it in the exchangers has a lot of risk because of the higher chance of getting shutdown or scam, so its better to keep it at the wallet., if you are planning for long term to medium term investments. So if you are a trader, its better to place your funds on the exchange because you gonna use it for trading.
Have a great day
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runque
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April 18, 2018, 12:44:23 PM |
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Of course it is a wallet. It is not dangerous to trade all so many hacked and lost coins, and there is a target for hackers. Everyone knows to trade all the money.
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Natalim
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April 18, 2018, 12:48:48 PM |
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Both ways are good as they perform different functions. If you are a trading or summ of coins are negligible choose exchange. If you want to hold for a long time or have large share you should go for hardware wallets.
This is a good advice, I hope those who want to invest will always explore the best method to protect their invest. Crypto needs more time to achieve bigger success and as an investor who are supporting that should always ensure we are safely keeping our coins and tokens. |
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erickastella
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April 18, 2018, 12:59:09 PM |
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better save ur coin on wallet , with backup private key, because we never know in future if our funds in exchanges will lost or not.
because not all exchanges is save , some exchanges got hacked and all funds lost , so better save ur funds in wallet , is better than save in exchanges , not matter major market or not , because we never know their security will got hacked or not.
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Fasdartin
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April 18, 2018, 01:02:43 PM |
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Both ways are good as they perform different functions. If you are a trading or summ of coins are negligible choose exchange. If you want to hold for a long time or have large share you should go for hardware wallets.
This is a good advice, I hope those who want to invest will always explore the best method to protect their invest. Crypto needs more time to achieve bigger success and as an investor who are supporting that should always ensure we are safely keeping our coins and tokens. I think its better if you have wallet first especially when youearned a lot of coin and put ot all in your wallet, then exchange it when you need money atleast you can keep it and possible your store coins goes higher in value when you exchange it and at the same time the value is increasing. Exchange and wallet are important when we work in crypto so you can protect your collected coins to avoid lose it all. |
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tingcq9
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April 18, 2018, 01:15:24 PM |
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I choose a wallet. After all, this is what they can call the shots. If there are too many uncertainties in the transaction, if the account is stolen and the exchange is stolen, then only the losses will be themselves. Or place yourself in the best place you can see.
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Rlyn
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April 18, 2018, 01:23:06 PM |
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it depends on the purpose of your coins. if your purpose is to earn more then you better put it in exchange and trade but if just want to hold it then put it in your wallet and secure it.
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jhowww
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April 18, 2018, 01:28:03 PM |
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Depends on your plan. If you want to hodl your coins, better store them in a wallet (they will be safer there). I wouldn't leave my coins if I'm planning to hodl them long term.
If you're into trading, the obvious choice is Exchange.
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Jancuki
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April 18, 2018, 01:28:19 PM |
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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 goal is just to save it or hold it, then it's better in the wallet only. But if to trade then of course better in in exchange. |
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aiza2007
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April 18, 2018, 01:36:55 PM |
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He could be the same one. Because they are all the same.When you exchange you can also go to your wallet so both much better.planning to your new journey go for the good decision.
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clairewarwick7866
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April 18, 2018, 01:44:30 PM |
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If you are active traders it's ok to put some of your coins in exchange, but if you are a long-term holder then the wallet is your best choice, but do not put the majority of your coin in exchange, we have seen a lot of complaints on exchange, being hacked or compromise, so play safe wallet is still preferable.
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