Exchange or Wallet?

[goldencrypto9]

Exchange is a website that handles the transaction of bitcoin or other cryptocurrencies.
Bitcoin wallet is a provided service where you can store your bitcoin securely.

[pidie]

in my opinion, we better keep the coins in the wallet address instead of storing on the exchange site, because if the hacker exchange sites are so hackers then all our balance will be lost.

[bryant.coleman]

Till date, I have installed only two desktop wallets for altcoins - these are Byteball and Deep Onion. A few months back, I sold all my Byteball and removed the wallet from my system. But I am still holding some Deep Onion.

[pidie]

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 better to keep the coins in the wallet alone, because we are the ones who keep it without engaging others, but if we save on the exchange site, if the exchange site happens hacker, then our coins in exchange will be lost and the exchange will not be responsible.

[princerepon]

If you are gonna hold coin for long term then i suggest you please hold it in wallet. cause you don't know about any exchanges. you don't know they are gonna stay or scam. yes there are many exchanges that they provide us great service from couple of years. but we also see many exchanges that they scam many people and project. so my opinion is wallet. but if you are a regular trader than exchange is the good option too. 

[John Emst]

I have the rules to keep on the stock exchanges no more than $ 30,000. But in the light of recent events I think for the auction to leave $ 10,000.

[ILLuzion]

On the exchanger, the coin storage is very convenient, you can quickly sell or exchange them for others. But it's safer to keep it in your wallet.

[tangbori]

I personally don't like to keep my coins on exchange no matter how strong that exchange because hackers are always after all crypto exchanges and if someone have his or her own coin on exchange when hacked then all coin will lost. So I prefer to store my coin in wallet and not exchange because I feel unsecured on exchange.

[JuliaJi]

no way , dont use for holding exchange! Have bad opinion! use only wallet, better what  to use wallet, which downloaded on your computer

[Pappy_1_]

As far as I know, it is not safe to keep coins on the exchange. The exchange may close at any time, or it will be obliged to comply with the laws of your country, which restrict cryptocurrency. I prefer to keep my main savings in my wallets, and I keep small coins on the stock exchange.

[trrewqs]

In cryptocurrency, there is not the safest way to keep the currency.
1- cold wallet (the most secure that exists). They are called so: Lenger nano s, Trezor.
2 - Coin Purse for ETH-based coins - Myetherwallet
3- At the stock exchange, I would not advise you to keep your coins. But I do it myself

[semediu]

By keeping it in your wallet, it may take some time to be confirmed and during this time the price may have gone down.
If you hold a coin for a long time, keep it in your wallet, and exchange it whenever you are ready or you really need to.

[vladisad]

I think  wallet is better than exchange for long-term holding.   Exchanges are always the target of hackers. It is not safe. But if you want to trade you must hold your coins in Exchanges. You must determine your gold, holding or trading?

[cryptocurrencysamurai]

This is a tough one, theres a phrase in the crypto community "not your private keys, not your coins"
Id personally lean towards keeping coins in your own wallet, a hardware wallet would be best,
keep coins on exchange that you want to trade

[kamalkk]

You should always keep your cryptocurrencies in your wallet.  Only keep coins on exchanges for trading purposes.  With the recent hacks of Coincheck and Bitgrail, it should be a message that exchanges are not safe for storing coins.

[2Pac]

Would you like to store your money in a bank safe or your home? What if somebody rob the bank?
It's easier to rob exchanges. Most of the big ones in the past claimed they were hacked. If you still feel safe when you put your money on an exchange then it's your choice. Good luck.

[Lenina]

I think to keep coins on some Exchange site isn’t good idea. Use wallets for each coin and HOLD.

[RGMan]

I agree with many users above. Exchange - this is only for bidding. If You holding - only on your wallet. It's safer, less risky. At least, because the exchanges are not responsible for storage. At least, this is described in the user agreement.

[babarian]

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

both have the same risk. I've had phishing on the wallet, and at that time I believe that the asset store on the exchanger is better. until I also experienced the theft of assets on the exchanger. I no longer trust in both

[Leezkie22]

I think much better if you hold your token into your wallet.because your wallet is much safer than exchange site. And you can choose if you want to hold it for a while or sell it. And many exchange site now isn't stable. So for me i hold to my wallet.