Ben K.
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Activity: 103
Merit: 124
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April 29, 2018, 04:57:41 PM |
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ONLY keep your coins on an exchange if you plan on selling/trading them. If you are not making short term plays it is FAR more secure to keep your holdings in a cold wallet. If you use anything other than this, you are placing the responsibility of your assets in someone else’s hands.
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OddEvenBets.com
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April 29, 2018, 05:06:45 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
Better keep all coins in own wallets. No need open wallets for each coin.. I use Coinomi, this is Multi-Asset SegWit-Enabled Wallet for Bitcoin, Altcoins and Tokens. |
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Tercyduq
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April 29, 2018, 05:10:54 PM |
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The better to store your coins in a wallet.Once a trading platform is hacked say goodbye to your beloved coins.Though having your coins in an exchange is quite advantageous too, let's say the price of the coin suddenly went up, you can easily tradeit.Having it in your wallet, it will need quite some time to be confirmed and during this time price might have already dropped. Good luck
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noneedmoney
Newbie
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Activity: 196
Merit: 0
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April 29, 2018, 05:16:45 PM |
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If you are doing daily trader there is no point moving out your crypto off the exchanges. But if you are longer or mid term holder then you have to store it in their wallet. Good thing you have an off line wallet that support most of the cryptos. For erc20 you can use myetherwallet to store all erc20 token.
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pazzanegro
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April 29, 2018, 05:17:48 PM |
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Before mew was hacked I was thinking the best way to store is to store it in gui wallets. But now I'm thinking its not, exchange is also better for instant operations
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GAMEHERO.APP CEO
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bitdealer91
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April 29, 2018, 05:22:47 PM |
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Everything will hang from the amount, and the period, in which you want to sell them. If you took a coin for one week, I do not see the point of sending it permanently, because the commissions on the exchanges are large.
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twostepsally
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April 29, 2018, 05:24:17 PM |
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The better to store your coins in a wallet.Once a trading platform is hacked say goodbye to your beloved coins.Though having your coins in an exchange is quite advantageous too, let's say the price of the coin suddenly went up, you can easily tradeit.Having it in your wallet, it will need quite some time to be confirmed and during this time price might have already dropped. Good luck
Don't exchange the any coin. Just hold the coin long time. It good opportunity for the future saving and plan to work. Wait for the price increase. Then exchange. If need more information check the market place price. Then get more ideas. It time to change the price. So you know the price information. Then get some ideas for plan to exchange on time. |
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ahmad21
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April 29, 2018, 07:08:23 PM |
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This depends on which type of investments you want to do. If you want to trade then you have to keep your funds on some exchange site. But if you want to hold your investments for long term then you should get some wallet to store your coins. The best practice is to keep your short-term funds or investments in exchange site and the long term investments in a wallet. Your funds will be more than secure on a private key wallet however they will always be prone to risk when they are on an exchange so don't keep them there for long.
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vKedax
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Activity: 420
Merit: 10
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April 29, 2018, 07:14:39 PM |
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I have more confidence in my own wallets, but for trade I will use exchanges, I have no other options. Safety is very important.
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Pamplelune
Member
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Activity: 294
Merit: 11
WAWLLET - World’s first multi-asset wallet
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April 29, 2018, 10:46:24 PM |
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What is better? To keep your coins on some Exchange site or to open wallets for each coin?
If you constantly trade you probably should store them exchange. But for medium and long term hold software and hardware wallets are preferable. |
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Coincoin256
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Activity: 113
Merit: 10
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April 30, 2018, 05:04:22 PM |
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I think it's better to exchange, because the wallet is not always a reliable way to protect your crypt from hacking by scammers. although in fact, this is a difficult question. with the development of technology scammers also replenish their knowledge and it is terrible even to store their money on a normal credit card.
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Pamplelune
Member
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Activity: 294
Merit: 11
WAWLLET - World’s first multi-asset wallet
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April 30, 2018, 05:45:14 PM |
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What is better? To keep your coins on some Exchange site or to open wallets for each coin?
In fact it's quite complicated to own wallets for each coin for those who hold hundreds of them. |
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Harlen.t
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Activity: 266
Merit: 10
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April 30, 2018, 05:53:26 PM |
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If U are hodling long term, a wallet is safe and will provide the best solution, but if U are a trader, wallets are just not the right tool for business.
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admtall
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Activity: 322
Merit: 10
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April 30, 2018, 06:05:04 PM |
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When I want to trade I hold my coins on exchange. But for long term, I usually hold it in my wallet and coins in a wallet usually get staking bonus
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stasyk411
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April 30, 2018, 06:05:30 PM |
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I would advise you to keep your money in your purses. So it will be safer and calmer for you and your money.
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Profuter
Member
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Activity: 210
Merit: 10
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April 30, 2018, 06:09:15 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
on Exchange it is better not to keep money.. Create one wallet and keep all altcoins in it, there is no sense to create a lot of them. |
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De_nis
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April 30, 2018, 06:13:16 PM |
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Exchange only for trade is the golden rule! It is better to keep money in a more secure place!
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HectorFabian
Newbie
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Activity: 138
Merit: 0
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April 30, 2018, 06:15:14 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
I think wallet is the good for the long term investment and Exchange are the good for the short term investment. both are the good and it's give us a freedom and reliable. |
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Waqas vicky
Newbie
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Activity: 210
Merit: 0
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April 30, 2018, 06:23:25 PM |
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Exchange is the best option is to keep your coins safe. because if sometimes coins pump and you need to sell it, for selling you have to transfer coins to the exchange which many times takes much time, so keeping in exchange is the best option.
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NikitaGo
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April 30, 2018, 06:39:59 PM |
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On the exchange and on your wallet, tokens are not safe to store, but you can still keep your wallet, and if there is a phishing attack on the exchange, you can lose everything. But all the same there is a plus in storing on the stock exchanges of tokens, if the pumping begins, then you can immediately join the auction.
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