Exchange or Wallet?

[oseikuf44]

Advantages of Exchange as your store of crypto is that it easy for traders to make trade without the need to move money in and out of wallet. But its disadvantage is when things go bad on the exchange, then all your funds are gone. So I keep the amount I can only afford to lose on the exchange and the rest on my wallet for future transactions.

[[ProTrader]]

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

The best option is to create your own wallet because exchange wallet is not advisable because you are not in control of your wallet. They can shut it down when ever they want unlike your own wallet that is installed in your PC, you are in fully control of your coins.

[illnino]

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 do not like to keep money in online wallets. It is convenient for the operative use of money but it is not safe. And security is my priority since I keep my cryptocurrency savings for a long time.

[aleksnutis]

Of course it's a wallet. On exchanges there is a risk of losing your money. Hold on the exchange is like giving your money for storage to unknown person. The exchange at any time can come up with new rules like Bittrex((

[meldrio1]

Holding coins for long term you should not place it in exchanges it can be hack anytime or you fall in cloning exchanges then your account will be hack or steal your coins. If you have big amount worth of tokens and planning to hold for long term better you should use hardware wallets.

[specialized]

If we are talking about the storage of funds, then the best solution will be to use hardware wallets, because they will be able to help you secure yourself as much as possible. But you should never keep money on the exchange.

[DimaS1574]

I  trying to  keep all tokens  on the fifferent  wallets and differnt  ecxhanges.
dont keep all eggs in  one busket)))))

[odranoel]

For me it depends on your situation,sometimes you have to hold and sometime you have to exchange.As a saying goes that dont keep all your eggs in one basket. You should never keep your money on the exchange,because they will be able to help you secure yourself as much as possible, then the best solution will be to use a hardware wallets.

[francojon]

If you like for a long term! I definitely say to use wallet rather than exchange it. Its because if you try to put that on exchange basically your digital money is not in a safe place.

[Cenil]

You can not redeem Bitcoin for using only software,
you must have an account with a third party,
providing booking services, or as a partner for your trading, and providing banking services.

[Tashi]

It actually depends on you, if you’re going to do short term or long term trading. If you’re going to settle in long term then you should use wallet, then if you prefer short term, then you should use exchange. Note;
: exchange is not that secured.

[Soccernet344]

It is advisable to keep your coins in a cold storage or hardware wallet. Cons of keeping your coins in an exchange is that the site might get hacked and you might lose your coins.

[shaheer001]

For short term trading good exchanges like Binance,kucoin are the best instead of wallet.But if you want long time hold then use cold wallet for storage of tokens/coins in safe point.

[crypmike]

I prefer to save my funds in different places, but the majority I hold on exchanges
Because I think nowadays it's quite safe, they have 2FA, good security and so on
To save coins on exchanges is simply more convenient cause I trade a lot.
Wallets may be safer but too slow

[lkoanh1984]

Exchange wallets have transaction speed faster than hardware wallet.
I think choosing a kind of wallet will depend on your demand: trading or holding.

[Dudeperfect]

I would recommend holding more than 80 to 90% funds in the offline wallet because even if you are taking all the security precautions for your exchange account, you would never know what kind of security precautions are being taken on the server side and you might lose your funds in case of any compromisation of the database. Generally, you should keep the funds on the exchange worth the amount equivalent to your trading requirements and withdraw funds to the cold storage at the end of the day.

[bitcoin.podcast]

I keep coins in my wallet. I do not trust exchanges, because they can be hacked. I keep some coins for daily trading. It seems to me that such a strategy is safe.

[kinzey]

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 would like to trade such coins, it's better to put on exchanges so you can easily sell when it pumps or reaches your ideal selling point. For long term holds, wallets are preferable as it's safer to keep in wallets than exchanges.

[hani1929]

it depends, if you are in trading everyday of course you need to put your coin in exchange, dont use exchange as your personal vault. if you want to hold your coin for a long time you should use  personal wallet for security of your valuable coins. cause if you put it in an exchange and they hacked through the security of that exchange just like what happened in other exchange that has been hacked some lost their funds. thats why its better to put it in personal wallet.

[Dexit]

Its vey easy man, if you keep it for a long time, you should create a wallet, it is safer when you keep in wallet. Keep your coins in exchange if your are a trader