Exchange or Wallet?

[Holla123]

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

There is only 2 Exchanges where I would consider keeping coins right now. These are binance and cobinhood. Hacken will introduce their crupto exchange rankings soon. This might give additional insights. Apart from that I think your own hardware wallet is the best place to keep things.

[ludmilawolff]

It’s really depends on what is your goal or what you want to do in all your coins. First you want to sell you coins immediately when the value of your coin is high it is an easy money.but if you want to wait for the perfect timing that your coins value is high you should put it in your wallet.

[Mystogan915]

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

For me both is okay because when you hold your token in your wallet, it's okay but there are times that your coin can be stolen, or hacked by some hacker. But in Exchange it is secured and safe, i prefer both because both is safe and secured. When it is about the password, or getting hacked, it is you to keep the password to not be compromised.

[GmBoom]

If you are on to a trading in your altcoins then its better to store it on the exchange. But if your aim was just to hold your altcoins its better to transfer it to your own personal wallet rather than in the exchange. Because we dont know of the exchange when their website will be down, and we dont want to see your altcoins stuck on that exchange. Plus assurance that it will never get lost when you store it in your own personal wallet.

[Chefironside]

The simple rule of thumb is: Don't keep any coins in exchange unless you are going to use it. That is it. If you are long term holder, don't keep it in exchange. Keep it in wallet, the best is hardware wallet.Ledger Nano S or Trezor

[zelante]

Storage of crypto currency in a cold wallet. This wallet is essentially a flash card, although the use of the usual flash drives can cause a lot of difficulties and in general it is inappropriate, it will be much better once to spend a bit on a specialized device with pre-installed software.

[pro2017]

I believe that the most accurate way to hide the Coils Is the hardware wallets like the ledger Nano s.

[vvaswert]

prefer to keep each coin in their official wallet than leaveing all of them on exchange. It is always safer to hold it in wallet but it requires a lot of effort and hard disk space to store all that wallets, the cons is it's troublesome to move them if you want to sell some of them.

[pallang]

I would rather prefer wallet if the price of the coin is low and if you believe that it will be a profitable coins but if you think that the coin is just right for it's value in the exchange then sell it.

[marktee]

Well, if you keep the coins on the stock exchange, if it is suddenly hacked, you can lose money. This of course can happen with a purse, but this is less likely. I prefer the wallet.

[Mercedes1107]

If  you are an active trader, it's ok to put some of your coins in exchange, but if you are a long-term holder then the wallet is your best choice, but do not put the majority of your coin in exchange, we have seen a lot of complaints on exchange, being hacked or compromise, so play safe wallet is still preferable.

[irsada]

exchange or wallet all have different functions and have similarities that can save it your coin alt.
the difference depends what you want to do on alt coin.
want to sell it or hold it for long period of time.

[Nidhi Bhatia]

Its totally depends upon what you want to do with your coins. if you want to hold your coins it that case you need only wallet. On the other hand if you have a interest in trading, than you need a exchange. Means its depend on your interest area.

[mrdelacrua]

Exchanges are always subject to hacking which many believe that the owners who are behind and just made up the hacking incident. So just keep it on your wallet because the only person you can trust is yourself.

[Copulative]

Transactions in Bitcoin and other cryptocurrencies are irreversible once done - you can’t roll them back. There is no higher authority that could do that, like in credit card transactions where you can report a fraudulent charge and the credit card company removes it from your account.

So security becomes number one priority in everyday work flow of an exchange. But it is hard to provide good security when users choose simple passwords and 2FA is only used by a few percent of users, making phising a common tactic used by hackers to steal funds.

Hack of an exchange can costs hundreds of millions dollars and become reason of bankruptcy of service.

REMME is working with several Bitcoin exchanges to provide them with a protected authorisation platform based on the same cryptographic principles with an user friendly one-click 2FA that will significantly improve security and defend from most cyberattacks.

[dinh.emma]

Saving all the coins in one exchange for me is not very recommended, because saving in exchange is very risky. If you want to save on an exchange, better keep it on a reputable exchange but you should still review it every day to keep funds safe there. I would recommend saving funds on a wallet.

[grandfox0502]

I prefer to keep my coins on Binanance, as I trade a lot. But it depends. If you want to trade then keep it on an exchange. If you want to hold for a long time - the wallet is the best solution for you. Because you can handle your coins as you want, unlike an exchanger.

[John Emst]

I advise you to buy Ledger. With him, you'll sleep soundly, knowing that your tokens are not being stolen. I would also like to say about wallets. Store the crypt on a separate computer without access to the Internet. This is the key to success.

[k-west]

I am keeping 70% of my fund in my hardware cryptowallets for long-term holding and 30% are at famous and solid exchanges for short time trading.

[mimota162]

it is better to store your coins or token in wallet to be secured and to avoid hackers in exchange. Many exchange site that is harmful to the hackers out there but choose an exchange that is secured when it comes to holding your coins or tokens