Exchange or Wallet?

[patykuprova]

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

Holding the money in your own pocket is definitely safer than let someone else doing that but please hold it wisely because there are so many hackers and thiefs always look at your wallets and they're ready to steal it if they do have a chance.

[1715351247]

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[1715351247]

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[tresbien21]

The better option is probably the wallet . With a private wallet, you are the only person who can control the wallet address which is associated with a private key . An exchange wallet is generated on your behalf and you have no control over it . So, personal wallet is more safer compare to exchange, in terms of holding for long term and also controllable.

[spike420211]

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 way is to keep your coins on the cold wallet like Trezor or on something like MEW. I don't trust, exchanges because hackers can hack it.

[Morkhart]

Some of the coins i will put it inside the wallet and some of the small coins that is small amounts will be just leave it in the exchange.

[andkyd]

. I bought my first tokens only on exchangers for cash and transferred them to official wallets. I did not trust the exchanges and was afraid to send money there. Because of my fears, I missed many profitable investments. So many new tokens that appeared did not sell on the exchangers. But then the fears passed.  My first cryptocurrency exchange, where I registered, was Binance, then others. Now I buy a part of the coins on the stock exchanges and do not withdraw the purchased tokens into other wallets.

[Vardanank1]

If you want to hold tokens for a long period it's better to store them in a wallet, not exchange. Because you have much more control on your own wallet.

[henry1997]

if I for the results of the profit from the place of exchange or tradings will I switch into the wallet because it is safer we save in the wallet than on the exchange so if the exchange better balance to start tradingan or capital turn your money again. and the results of those profits are immediately sent to Wallet only.

but if you do not want ribet ya store in the Exchange is also not a problem because it will simplify the customer and not complicated send there send here now a lot of exchange can be directly sent or in convert to the currency of each country

[Disclaimert]

currently many crimes that occur on the wallet, for example the case on the transfer of the domain from myetherwallet some time ago. therefore I think it would be better if you choose exchange to save your coins.

[Hec2005]

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 depends on who you are buddy. Most likely bounty hunters would prefer wallet because they will store their coins in their wallet and if they want to cash out that would be the time to transfer to exchange. One thing good about wallet is you have control over it. You take the blame in case some misfortune will happen to your coins.

[Exort23]

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

What?, My answer will be wallet, i am a bounty hunter so i need to hold my coin in some wallet, and then transfer it to the exchanges that is available when i need money. It also depends man, because it is also okay to keep your coins in the exchanges, also you can hold your coin in your wallet.

[ajeef]

I think exchanges are safer. Even if you hear sometimes for hackers attack those 'big' exchanges are quite safe. Try to aplit your coins over some exchanges if you don't feel comfortable with holding them in one exchange.

[neerajimittal]

It is better to store your coins in a wallet. Once a trading platform is hacked say goodbye to your beloved coins.the general advice is to keep your coins in your wallet but it mostly depend on your situation. If you are doing some trading stuff with this coin then you will definitely need some on the exchanges.

[Mr.Gun]

always keep them in wallet , specially hardware wallets or paper wallet .

exchanges and wallets have both pros and cons .
exchanges give you instant buying and selling and 1 account is enough for all the coins .

on other hand own wallet gives you feel of safety .

day trader can keep his coins in exchanges but for a holder it should be in wallet .

Personally, I choose a wallet because with it we can save money in the Wallet and can get the funds expended from a certain exchanger it can be seen from the situation because you exchange in the wallet will be an exchange regularly and earn a number of advantages

[Portia12]

I think it is better to save your coin or token in your own wallet,
You could use many secured wallet out there like MEW if it is an erc20 token and you could also use waveswallet if it is in waves platform,
You could also try the hard ware wallets just to make sure that it is secured.

[moonriver]

If you wanna hold your coins for a long time without trading, you'd better keep it in your wallet.
Especially if you have a substantial amount of coins, you shouldn't rely on exchange.

[jamesdean35]

security has become the biggest problem after the recent happenings of theft in the crypto-currency industries. my preference is the wallets that are under my control. hackers could not access the wallets yet.

[Pozitiw[4]ik]

All depends on your summ of investments, if investments are big then use wallet, if small you can use exchanges to not losee fees to transfer coins.

[axiline]

I recommend keeping most of your coins on cold wallets, so you reduce risks, exchanges are prone to breaking, so you should always remain vigilant.

[Wearegoodfrends]

I don't do daily trading and keep coins in my wallet. If you need something to sell or buy just send to the exchange and sell. Then back to the wallet.

[bitcoinbot]

Of course, wallets! Exchanges are often attacked by hackers, which is why you can lose all your money, so I prefer to keep all my money on a hardware wallet that can not be hacked!