Exchange or Wallet?

[Davido1174]

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. Trazor is best wallet to hold coins for a bigger term as it is not accessible without connecting it to a device.

[jazz1984]

If you want to save large amounts and for a long time, you should give preference to a wallet, and it is better to have a backup copy of your wallet. If the amounts are not large and you do not keep them for long, you can use exchanges.

[whatthesith]

Exchange is a good way how to store your crypto, because you dont have to pay fees for depositing and withdrawing your coins everytime when you want to sell or buy something else.

[Uncertaintea]

Wallet definitely, with wallets  you have complete control of what happens to your tokens, ITS LIKE YOU ARE HOLDING THE FATE OF YOUR TOKENS WITH YOU. . you can decide when to make  transaction and when not to.  this is a freedom you dont enjoy whatsoever when dealing with an exchange wallet.  Besides security wise wallets are safer than exchanges which are more pron to hacking which has led to huge amount of money loss. If you are nota day time trader then stay away from exchanges.

[trukramor]

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 preferred to keep the coins in the wallet for long term investment.

[lenar556]

If you buy a coin on the exchange and plan to keep it in the long run, it is better to put it on a wallet that has some private keys for coin security. And if you are planning a short-term trade, it is better to leave it on the stock markets.

[axiline]

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

The most correct way is to install a purse for each coin separately on your computer. But all the ERC 20 tokens can be stored on the MEW, I consider it to be quite safe, the main thing is to observe the security rules.

[snowfu199]

Like most people here a wallet and especially a hardware wallet is the safest and makes the most sense.
Only when you hold a very small amount ,$100 or less it isn't worth it to take it off because of the fees.

[veraoktav127]

the number of wallets hacked and stolen is now causing people to choose exchange to store their coins but I think in addition to the advantages we can easily sell our coins but in exchange there is the possibility of our coins will be lost if the exchange is no longer display our coins on their list

[JohnYDillinger]

If u have multi currency wallet and it is secure enough so of course it’s better to keep your coins and tokens in your wallet..

[yhnshjka]

Keeping COINS in your wallet is the safest way to do it, and there's a lot of bad news on the exchanges, such as mt.gox. Stealing tens of thousands of bitcoins from users.

[Sasha Lumerin]

If any market fornyour token..i recomended stay at market exchange..and wait hold sometime your token price will pump..and you can fast sell ..not needed must send feom your mew..and panic waiting your token come at exchange wallet..stay at market exchange i think..

[deeplilac]

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

Of course, if you are going to keep coins for a long time, it makes sense to store them on a hardware purse. If you sell and buy, it makes sense to keep everything on the exchange, this will allow you to react quickly to price changes.

[EL-NIDO]

If you are not trading your altcoins you should keep them in your wallet. It is a good opportunity to keep your funds safe. Exchange is less secure than wallet. They may get hacked or suspended by the government. I keep all my long-term investments in my wallet.

[Morgann]

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

Just compare what is safer, wallets are obviously safer than exchangers because there are issues before in the past where binance and etherdelta does have a problem in their system which leads for other investors to lose their coins.

[greydking]

When you keep your tokens on exchange you dont owner of it. Exchange could be hacked, it can have some technical problems or some juristic problems, anyway you can lose your money at any time. So if you have a lot of tokens the best way is to keep your money on wallets.

[dakiev]

I still go for exchange because in exchange, it means you are making a move to make your investment grow. Exchange is way on how to convert your deposits or how to convert your crypto coins into cash.

[kostepanych2]

It's risky to hold your coins on an exchange for long time...
Even if exchange will not die it can delist some of your altcoins and you lose them.

[cryptocurrenciesboom]

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

Of course, if you are going to keep coins for a long time, it makes sense to store them on a hardware purse. If you sell and buy, it makes sense to keep everything on the exchange, this will allow you to react quickly to price changes.

perhaps this is the right view of the aspect of storing coins. Why do you need to keep them on your wallet, if you intend to trade them on the exchange and make a profit out of it? If you bought them in order to make a profit in the foreseeable future, you can throw them deeper and wait for your investment to give you an income.

[wongdeso]

You'd better use a wallet if it's just to save a coin, it's safer to use a hardware wallet, then use the exchange when you're about to trade. I think it would be too risky if using exchange just to save coins without doing something else.