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Author Topic: Exchange or Wallet?  (Read 8669 times)
TTITA
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May 06, 2018, 05:31:02 PM
 #1641

I think many people has different point view about how they using their asset. I do using almost of my altcoin for doing trading, because i think holding it (altcoin) for long term not really worth, so i take the chance to do trading on some exchanges with following market trends. For this reason, i do always keep my coins in some exchanges by divide, only small coins amount i save into my ledger or mobile wallet.
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TropicalDog17
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May 06, 2018, 05:43:19 PM
 #1642

I think it is clear that if you want to trade you tokens, you must use some exchange platforms. So, if you want to trade- just leave them on its platform, if you want to hold it- put in your wallet and forget about it.
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May 06, 2018, 06:41:20 PM
 #1643

I keep all the coins in a cold purse such as Ledger and Trezor. Only for sale, I bring coins to the stock exchange and then back to the wallet. I'm not a trader, I'm a long term investor.

Good strategy. Even losing some money on fees every now and then should not prevent anyone from following suit. It is the safest way to store tokens and coins as there are too many exchanges shut down around the world
miner7788
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May 06, 2018, 06:52:01 PM
 #1644

I think if you can keep your coins at wallet it will be great, but it depend on you.

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May 06, 2018, 06:56:05 PM
 #1645

On exchangers you can store only those coins that you use constantly in the trade. If you bought coins for long-term storage it is better to use separate wallets not tied to stock exchanges. Exchanges sometimes hack, they close on those services and you have every chance if you do not lose something temporarily blocking your coins.

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Basketball5
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May 07, 2018, 07:55:18 AM
 #1646

Wallet is more secure for those who wants to hold the coins and looking for safety and security...because for me keeping coins on the exchange is very dangerous can be hacked any time. Be careful with your funds.

But on the other hand, if you want to be trading your tokens for the short term, keeping on an exchange is better
andy16
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May 07, 2018, 08:19:03 AM
 #1647

Wallet Smiley
sisira85
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May 07, 2018, 12:14:48 PM
 #1648

It is depend on your requirement. We use exchange for day trading. Wallet is used for holding. hardware wallet much better  than online wallet.if you have enough capital purchase hardware wallet (Ledger , TREZOR)  . If you are use online wallet (like MEW)  and  I am not a recommended way to access your wallet using your private key , Keystore / JSON File , or Mnemonic Phrase..

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Soccernet344
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May 07, 2018, 12:22:00 PM
 #1649

In my  opinion, i like to use wallet for coins that i hold on a long term such as BTC, ETH and i use exchange for coins i hold on short-term, mid-term or trade such as monero, iota
jerowacik
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May 07, 2018, 12:56:15 PM
 #1650

Only hardware wallet which stores the user's private keys in a secure hardware device. If you lose your hardware wallet, you can always restore all your coins on a new wallet.
Starscream
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May 07, 2018, 01:05:24 PM
 #1651

If you want to trade you need to exchange, and if you want to hold the best way to have a total control over your assets is a wallet.
ngocminh01101
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May 08, 2018, 07:26:53 AM
 #1652

Wallet is more safer then an exchange. But it depends on your use of the currency. it depends on what you gonna do with your coin, trading or only holding.
If you holding the coin transfer those to a hard wallet and keep it safe.but if you wants to trade left them on exchange.
igor2727
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May 08, 2018, 07:29:23 AM
 #1653

For long term holding use a hard wallet it is the most secured place you can store your coins. Only put on exchange if you will day trade and never login to any other device for extra security. change your password once in a while also and you will be ok.
syusk82
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May 08, 2018, 07:29:45 AM
 #1654

I think if you want to deal every day, you should be in exchange, I think the Binance, Bitrrex, Bitfinex exchanges is better, if you are a long-term investor, I suggest you on myethwallet or imtoken mobile wallet.
aggress0r
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May 08, 2018, 08:04:39 AM
 #1655

The largest part of your portfolio should be stored in blue chips in the wallet, or in fiat USDT. It is reasonable to store at exchange some assets waiting for the pump/dump action.
filipeandre
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May 08, 2018, 08:05:55 AM
 #1656

Most part should be stored in a Wallet. If you want to trade you should have some in an exchange
Icey47
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May 08, 2018, 08:07:17 AM
 #1657

Most part should be stored in a Wallet. If you want to trade you should have some in an exchange

If your purpose is to buy and hold, a wallet would be the best choice.. If your purpose is to trade with different currencies, then obviously and exchange would be most convenient.
Starscream
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May 08, 2018, 09:55:22 AM
 #1658

Exchanges may fail or be hacked, so why not to secure them, exchange is actually good if you want to buy fast tokens as they grow up as there is no need to transfer fiat or token to exchange or to buy them.
bibitao20
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May 08, 2018, 03:26:26 PM
 #1659

Leaving your Bitcoin on an exchange is not considered a safe way to store your Bitcoins because exchanges are a huge target for hackers and are consistently under attack.
One of the best options for bitcoin storage and security is a bitcoin hardware wallet
auy
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May 08, 2018, 04:00:25 PM
 #1660

If your coins are kept in a cold wallet, you simply will not have time to sell them during growth and you will lose profit. So it's better to set up 2FA on your account and store money on the exchange, I think they will be well protected well.
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