Exchange or Wallet?

[Liona88]

I think its not that bad to hold in exchange wallets if you set nice password and 2fa. You just need to not using suspicious unknown exchanges and everything will be okay, holding in personal wallets can be quite harder than this

[k-west]

I am keeping most of my cryptocurrencies in different wallets such as Trezor,Ledger and MyEtherWallet.But I am also trading a bit so I am keeping some coins at exchanges.

[VoDanh1122]

If you want to trade then obviously an exchange. If you want to hold then wallet is best as you have total control over your assets. You have the keys to access wallet and you can send where you want.

[popotao99]

Exchangers are not wallets, there are many exchangers that were been hacked by the hackers. You can ensure that your coins are safe if you will keep it in trusted wallets.

[hcoin01]

I have coins in both.
Depends on the amount of money. It's better to keep it in your wallet if you have the money in the loaded amount. If you have a small amount of money, it's better to stay in exchange. You can earn money by constantly buying and selling.

[makmursentosa]

An exchange is where you buy/sell cryptocurrencies. A wallet is where you keep cryptocurrencies you’ve bought or have received. they are different, you must know what you want to do, we would tell you some advice.

[kkamilov]

if you trade then undoubtedly the exchange, but if you are an investor and just want to hold on for a while, it is better to use a wallet

[mr.robot8]

my advice is keep on exchange only the bare minimum and only for the time of the transactions/trading and then withdraw to a personal wallet of which you have private keys

[Reza1893]

Don’t use exchange wallet to hold your coin. better buy some hard wallet. because if the exchange is getting hacked, you will lose all of your money.

[Kettle255]

Exchanges are mostly used for trading because all coins are not listed on all exchanges and if your horizon is short term then you can hold your coins in any online exchange which have your coins but if your horizon of investment is for 2 to 3 years then you can hold your coins in online or offline wallet as per your wish. Trezor and ledger nano is best wallet to hold coins for a bigger term as it is not accessible without connecting it to a device.

[DemonHunter83]

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 would recommend to use wallets, the best option is wallets with partial storage on the computer. You keep a part of the currency, which is not present in the organization and thus they can not steal your money.

[serejandmyself]

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

Is not that still Clear for you being a Full Member and being in crypto for at least half a year? Remember one simple thing - once you deposit your money on exchange you do not own your money! I am having official wallets for coins that my Ledger nano s does not support, as for exchanges I only deposit when I want buy to sell smth and withdraw from it immediately. Is not MtGox and other exchanges do not teach you anything guys?

[Healsmans]

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 are some wallets, where you can keep different coins. I have heard many good reviews about them. If you want, I can look for it

[Healsmans]

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

Is not that still Clear for you being a Full Member and being in crypto for at least half a year? Remember one simple thing - once you deposit your money on exchange you do not own your money! I am having official wallets for coins that my Ledger nano s does not support, as for exchanges I only deposit when I want buy to sell smth and withdraw from it immediately. Is not MtGox and other exchanges do not teach you anything guys?

Why you do not own your money what put it on exchange? Thank you so much for warning, I had no idea about it! Now I know

[aishyoo17]

Wallet that you own a private key is better and safer but if you constantly trade then put your funds in the exchange to save you from sending it back and forth. Put only those coins that you are holding long term in your wallet and it should offline wallet.

[Chronner]

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

Is not that still Clear for you being a Full Member and being in crypto for at least half a year? Remember one simple thing - once you deposit your money on exchange you do not own your money! I am having official wallets for coins that my Ledger nano s does not support, as for exchanges I only deposit when I want buy to sell smth and withdraw from it immediately. Is not MtGox and other exchanges do not teach you anything guys?

Why you do not own your money what put it on exchange? Thank you so much for warning, I had no idea about it! Now I know

because in the case of the "benches" of the exchange, all the wallets will remain with the owners. And since they have all the passwords then your funds will actually belong to them

[itsv]

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

Is not that still Clear for you being a Full Member and being in crypto for at least half a year? Remember one simple thing - once you deposit your money on exchange you do not own your money! I am having official wallets for coins that my Ledger nano s does not support, as for exchanges I only deposit when I want buy to sell smth and withdraw from it immediately. Is not MtGox and other exchanges do not teach you anything guys?

yes i totally agree with you. But in case someone prefers day trading then exchange is suitable choice but you should always enable 2FA in your exchange account. And its a good practice to move big amounts from your exchange wallet to local wallet if you plan to hold on to them for a while. And if you are not day trading then you should always prefer local wallet on your PC for which you have the private keys.

[monlib1996]

Wallet of course. If your fund is held in the wallet, you have total control and you can have a rest of mind.

[gaconup123]

If you want trade or sell your coin - exchange. But if you plan long time keep and you are investor - wallet better (but with safety access, like ledgerwallet)

[gwaposakon]

Im holding my crypto assets on both platform. I have crypto in my wallet for long term holdings. I have also crypto in different exchange for daily trading. Being there saves my from transaction fees from transferring my crypto back and forth.