Exchange or Wallet?

[ardydyon]

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 you better do in one exchange only or in one wallet only. the goal is to provide a reliable way to manage your digital assets. if you have many wallets you will save a lot of private key and it just makes you confused. as well as many exchange will be difficult for you in managing your finances

[btcrich2020]

I think wallets are the best options to store them because we know bow potential coins we have chosen and it might help to protect your coins. There is no guarantee if you keep them in the exchanges. So better send your coins to wallet if you are trader better send only some coins to the exchange to safe guard yourself.

[Julibas]

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

Everything depends on your strategy of investment. You can store tokens at the exchange if you are going to speculate. In case of long-term investments it is better to store coins in purses. The best - cold purses and the book. I as the holder for long time hold everything only on a cold purse.

[FilliDorros]

Both, I keep 60% of portfolio on wallets and 40% on exchanges for traiding. For better safety it's necessary to store coins on hard wallets.

[BitcoTK]

What do you do with your coins.?
1. Are you trading your coins? - You need to use Exchange for trading your coins.
2.Are you want to hold your coins? - You need to use a good wallet to hold your coins. I am recommend a hardware wallet to hold your coin. Because it is a very very safe way to hold your coins.

[dpoisoner]

I have the answer for you. Any exchange is not 100% reliable. Wallet also. I like to keep money on my wallet.

[Bonanzabits]

Well, of course, a purse, if it concerns individual crypto-currencies or tokens. But if we are talking about infrastructural tokens of exchanges, then certainly it makes sense to store them on exchanges, for example HT BNB KSC OKB

[bastiankey03]

its safer on your wallet though, but if you're a daily trader then you should keep some large amount on exchange

[socksserver3]

As for me, I would recommend using a wallet. I consider it to be a safer way to have coins. If to talk about me, then I am going to hold my coins in the wallet and it is very important not to tell a password to anybody

[drumamat]

I think if exchange have 2fa it safe way to hold tokens. Storage on the wallet is also very safe, but it is better not to use the private key way to access.

[party22]

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's safer to keep the coins in the wallet, because the deals on the busy exchangers, allowing hackers to penetrate.

[ruskytailz02]

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 are a trader the best way to keep your assets is on a exchange. if you are using MEW import thingy I should recommend you to use metamask extension. I do usually trade in Ether Delta . Idex Coinexchange binance and Cryptopia, as a trader I am leaving my coins there for about 3 months and then do a trading. with that I can manage to double my investments and just wait .
but the best way is to store to your wallet because sometimes exchanger can scam us because they do own the control of that

[kunis0727]

If you are a day trader. Exchange will be the good thing for you to hold your tokens, since you are also using them for trading. But, if you are a holder. I suggest to put it on a wallet. It's actually hard to hold your tokens on exchanges, they might say they were hacked, then everything you had will vanished.

[dumplingsandsushi]

Exchanges are notoriously insecure and a bad place to keep your coins.

Of course, if you do day trading than you will have to leave them there, but I would never leave more than what you are using to make your trades.

The reason why exchanges are insecure is because you don't have control over your private key.
Essentially, you are "borrowing" the exchanges wallet and using it, however ultimate control over it is not in your hands.
So if anything happens, than you are at the mercy of the exchange.

And a LOT can happen.
Someone can get your login details through phishing or spyware, dns attacks, or a bot with a trojan hidden in it.
The list goes on and on.

Now, remember, that unless you use a hardware or a paper wallet, your coins aren't any safer than leaving them on an exchange so make sure you secure them properly.

[aliceayag]

Leaving your coins in any exchange will get your coins on a risk. So, It will be better if you store it in your wallet than exchange.

[iqlimasyadiqa]

both have their respective strengths and weaknesses. in theory then the wallet is much more secure than the exchange, therefore the wallet is suitable for storing very large funds. while the exchange is more risky, especially when the exchange does not have a good level of trust. exchange is only suitable to save part of Fund used for trading. so it is indeed a choice and the choice depends on ourselves. .

[Nilupulie]

It is depends and if you do short term trading it is good to keep it in a exchange. But if not it is always safe to keep in a wallet. I always keep my coins in a myether wallet and it is safest wallet out of all. For additional security i installed metamask and it is a extension of google chrome. Then you do not need to put passwords for the MEW website. Further it is important to book mark the MEW site and always try to log from them since there are so many phishing websites.

[PIMPdev]

I would use MEW wallets for the bounty tokens and etc, but exchanges to hold my trading coins that I use often there

[KseniaLard]

It is safer to store your coin in your wallet, since you have a key, you have control over it. Storage in exchange may be required only when you want to buy coins.

[margaret22]

If you have a lot to lose, than a wallet is a safer way. There were some attacks against exchanges in the past. But I know, that sometimes it is more comfortable to just keep the money in an exchange.