Exchange or Wallet?

[Chronner]

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

All my high volume coin ia basically stored in hard ware wallet. This allow me to secure and keep my invest secure, it safer than a wallet since no one can hack and can intervene. Though I have funds in wallet, so anytime I could get it whenever there is an emergency. There is also a exchange wallet which really designed to store coin, its risky but not bad to use for low volume coins after all it has security features also.

All these actions with "cold" purses will work in the event that you have a separate offline computer. The MEV has a function that forms an offline transaction and generates a file that carries information about the transaction and is used by the online version

[Rexxxem]

When the coin is diverted from the exchange, you lose all your coins. This does not scare you? It is impossible to store an alternative to the Crypto-currency on exchanges

[Kettle255]

 I suggest keep your coins on wallet atleast you will hodl your own private keys but you must write it down and keep it secure if incase you will lost it you have a back up because that is the only way to access your wallet.

[Sadari3]

exchanger or wallet ? I use a trusted wallet to save coins for security because we have full authority when I will do new trading I send to the exchanger for sale.

[JohnTravis0716]

It is better to have your cryptos in different wallets, in case something goes wrong(hopefully not) you won't lose everything you worked hard for. Hardware wallets is also good for more security. 

[allezbitcoin]

if I prefer to keep a coin in the wallet because in my opinion it's safer, and I suggest we should buy some offline wallet. if for exchanger is good but there are some exchangers that can still be stolen. so you should be able to give strong security to your exchanger account.

[armlock]

I believe that on exchanges you only need to store the tokens that you need to trade on this exchange! All the rest must be stored on purses - only so you can secure your capital! Very often, exchanges are ruined and people lose all their money ...

[Coltpython]

Just note that when your coins or tokens are on an exchange, then you will have limited control over it. In the case of hackers targeting the exchange, you might end up losing your coins. You'll be lucky if the exchange has a contingency plan for restoring whatever you lose.

[Crypcar10290]

It depends what is the purpose of your investment, if you are a hodler you should use a wallet, a hardware wallet to be safer, they are easy to use and super reliable, ledger nano is a good one. But if you do not hold any tokens and trade in a regular basis, the best option is to keep your coins in an exchange. The issue with the exchanges is that you never know what could happen with your coins, recently $150 mln worth of Nano was stolen in Bitgrail exchange, no worries there are plenty of exchanges, so sign up in an exchange that is reliable.

[Pain Packer]

Keep your long-term investment coins on the wallet and only put them on the exchange when you will trade them. It is too risky to put all you investment on a exchange nowadays.

[energycom]

I believe that on exchanges you only need to store the tokens that you need to trade on this exchange! All the rest must be stored on purses - only so you can secure your capital! Very often, exchanges are ruined and people lose all their money ...

The most secure is your own wallet, but if you need to trade them instantly, sometimes getting it from the wallet makes too much time and you can't sell your tokens during a possible price pump. You may get unhappy. This is a balance between being in the safe side and benefiting from the pumps very quickly. The balance should be created.

[BitcoinGuruOne]

I would say that wallet is more safe because in the case of exchange hack their system is responsible of their vulnerabulity .
if you use wallet and are carefull where you put your keys and how you manage your wallet, you wont be hacked and you yourself are responsble for you security .

[bilyboy]

If it's a decent amount, always keep in a wallet.

If it's just scraps or coins you want to trade frequently, then a good exchange probably
would be okay. But even then, if a decent amount I would never keep them on an exchange too long.

[lukeclick]

We have in the past come a cross complains regarding insecurities of exchange platforms with most of them being prone to hacking, i therefore don't consider them as safe though they are necessary for trading.  Id rather settle for wallets instead, if properly encrypted they can give you the best security to your coins, Web based wallet such as mew are available for free with  a high speed transaction, but its the hardware wallets such as Trezor that guarantee your safety.

[Jericka D Ranillo]

I gonna pick wallet because im the one who take care of my funds, the keys is on me because the data is lost after tou created a wallet on myetherwallet. So only me can access this, im the one who is responsible for safety of my funds unlike rxchange we are depemding on how was the security of the website. Just like what happen on etherdelta, it got hack and some users taken their money.
.

[iMark]

I believe that on exchanges you only need to store the tokens that you need to trade on this exchange! All the rest must be stored on purses - only so you can secure your capital! Very often, exchanges are ruined and people lose all their money ...

Yeah I just keep the funds in exchange only in accordance with the needs only, eg for altcoin trading. I don't really like to keep a lot of assets in exchange because its very risky you know, because whenever a third party could be a scam right? so I prefer to keep all the assets in the wallet, without any control from a third party

[bornMercurial]

Personally, I think it depends on the situation, it's better to have a wallet if you want to keep it. If you trade, it's better to trade. You can keep your coins and tokens in your personal wallet, because it's safer, better to keep them in exchange because you can make you better, better to keep your wallet safer.

[Mr Batman]

I think wallet is better than exchange, because it is safer.

[Voland1986]

I have my assets deposited on both. If I want to trade I ysually hold my coins on exchange. But for long term ,  I usually hold it in my wallet. Plus coins in wallet usually get staking bonus.

[Elysio]

I always use wallet, I think wallet more than safe exchange. My wallet nano s. I recommend that everyone use their wallets.