Exchange or Wallet?

[hoanglann111]

If I myself save in some exchange, then in hold within a certain period. But there are some coins that are kept in the wallet. just a savings account, especially a POS wallet

[markers]

In most cases, I prefer to keep my coins on wallets as I believe it is more secure. But there are moments when liquidity is more important than security and these times I keep money on exchanges.   

[waser12]

For me exchange is the best option. I can control my deposit and secure it from the reduce. Wallet is ok if you want to hodl coins in longterm.

[juditPolgar]

According to my way of thinking, what they often say is always or better in the wallet. because I think more wallets are protected. and also if you do not have a private key. Then it's not your coin or token. Whatever you are looking for, you can find out about what's okay. it's okay what they do instead and then cashing it.

[ironman2014]

When I first invested money in cryptocurrencies, it was a small amount and therefore I did not fear losing coins on stock exchanges. But if you have a large amount and you do not plan to trade, then obviously you need to keep it in a cold wallet.

[ahilees palu son]

Do not store coins on the exchange. It is very dangerous. I think it's much safer to keep coins in your wallet. Coins do not belong to you, if you keep them on the stock exchange.

[Crypto_lion]

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's never a good idea to keep your long term holdings in the exchange.Read about the exchange hacks .Move it to your own wallet or better get a hardware wallet

[D3m1r4wanti]

I have experienced phishing when my token I have stored in the wallet so I better recondition to store your tokens on exchange

[onurgozupek]

Exchange is not a good place to keep (HODL) your crypto coins. Indeed it's easy not to deal with finding suitable wallet software but exchanges do not share private keys with you. So that means your funds on exchange in fact are not yours. So please do not use exchanges as wallets. If you are not a day trader, HODL your coins in wallets that you own the private keys.

[Dreamlandzoom]

I keep my investment all spread in different wallets and exchanges. There is no way to say what is safe. If you keep it all in the wallet then more or less you are yourself in control of them, but keep in mind that if you get hacked then nobody will help you. If you keep on exchange then they also have access to it, but if it gets hacked at least there is a hope that exchange support can help you. So the only advise I can give is not to keep everything in one place

[kripkiki12]

I have money on exchanges and in wallets as well.
Daily trade fund -> exchange
Long term investment -> wallet

But never more than 30% of overall fund on exchanges. Too risky. Can't wait for decentralized exchanges.

[Cryptomania12]

on exchanges it is unsafe to store coins if you hold them in long . In addition to hacker attacks, exchanges can simply turn out to be scams

[Jaggi90]

Exchange = Trading + risk of hacking
Wallet = Holding + safety
Now , it's upto you.

[danjonbit]

There is a wallet spcifically on each coins , not all, but I cant trust yet putting my coins on a longer term on exchanges,. There is so much news about exchanges are being hacked so I am taking some serious measure storing some of my coins in a wallet. Well its secured as fas as i know. So I will prefer wallet over exchanges

[kanmo]

Its not advisable to keep your coin on exchange but its a good thing to get a hardware wallet that support bitcoin and other ERC 20 tokens. I think with that your coins are safe.

[Mardoker135]

In my experience, the best way to keep money on a purse, Exchage can fail at the most crucial moment, but Exchage is certainly more convenient

[DK1984]

wallet is more suitable for storage in long time. and in exchange I can control my money. As for me exchange is better

[Klara_karlovna]

I prefer wallet, the cold wallet is best, IMHO. Holding on to the exchange's hot wallet is very risky. Example actions yesterday gate.io. Just today on Twitter there is information on the technical work.

[ckorbba]

The fact is that the exchange and the wallet are completely different things. You can not choose between them. Knowingly, the company's bounty managers immediately put the condition that you need to provide a purse, and not the address of the exchange.

[ityandsyn]

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 planned for long term holding so it is best to store your coin in your wallet but if you are planning for trading so it normal to put your coins in the trading site just to be ready for trading, The only advantage of putting your coins in the trading site is if there is a price increased then you can trade on that day.