Exchange or Wallet?

[oriontab]

It may be difficult to get a good wallet for all your altcoins,there are just a few good multicurrency wallets (coinomi,jax,etc).It is still the better option.Exchanges are target of hackers,if they succeed in hacking any exchange where you keep your altcoins,you are likely to lose those coins as the exchange often times will not compensate you for it.Those exchanges may close business if it is a major hack.Mt Gox is an example

[butrsukumpanumet]

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 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.

[clasifiedads]

For longterm, external wallet is good, short term coins should be left on exchange so it can be sold when target is met.

External wallets are only useful for storing coins for a long time. Having a wallet online increases the satisfaction of sending money faster.

[JulkaEsya]

Everyone keeps his portfolio as he thinks it is better! I can't give advice because it's not right! But I'll tell you how I'd keep my coins! First there are special Deposit exchange wallets and if I wanted my coins to work for me-that's where they go.
If it was a very expensive coin and it would be a lot-then no doubt I would have put them on a secure purse Tresor.

[kabzon_btw]

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 it depends on what you want and what you are going to do in the nearest future. every person will answer this question different

[kabzon_btw]

It may be difficult to get a good wallet for all your altcoins,there are just a few good multicurrency wallets (coinomi,jax,etc).It is still the better option.Exchanges are target of hackers,if they succeed in hacking any exchange where you keep your altcoins,you are likely to lose those coins as the exchange often times will not compensate you for it.Those exchanges may close business if it is a major hack.Mt Gox is an example

i think tjere are a lot of good things in exchanges and wallets, so younshoyld tale the responsibility for this decision on yourself

[crypto vlad]

Coins are safer in the wallet. Because I have experience storing 9.3 BTC on the exchange and I am waiting for the best price to sell it and it turns out a few days after the market was closed and my BTC is gone. I am sorry. But I can give up because it's all just a bounty result so I just lose time and internet data.

[iaxakov]

For more secure storage of their funds, I would use a hardware wallet, it is very convenient also because you can use the funds without entering data on a foreign PC.

[antolinicio1]

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

Unambiguously more reliable option: use of purses. If to hold coins for long term that is the best option. As to exchanges there can be something at any time and you can lose the accumulation. The best option is a hardware purse: Ledger or Trezor. With them your tokens will be in safety!

[vnnbot]

If we are talking about the reliability of storing money on the exchange, I do not trust such storage because my private keys are in the possession of the exchange and they have access to it! If scammers hack into these exchanges, all investors will lose money!

[klixion]

Always keep your cryptocurrencies in your wallet for safe keeping.  The cryptos you leave on an exchange should only be for the purpose of trading.  Otherwise, move them to your wallet.

[bayu7adi]

50% of my assets are kept in local bank accounts
25% of my assets are kept in my personal wallet
25% of my assets store on wallet exchange
I'm not so brave to play big with crypto, because hackers can just get our private key, and exchanges can also be grounded by theft

[Valentina N]

Hello! On my opinion wallet is more safety because my friend lost all the assets when there was problems with the exchange security! I prefer wallet but you still need to be smart owner of crypto wallet.

[markieeeloy]

It is okay to store your coin in the exchange when you intend to make a trade. But if you only want is to just store it, better move it on your personal wallet. It is best to move in your personal wallet that way to avoid being stolen. More instances happen that many exchanges breached by hackers, and stole their coins in the exchange. So better store it in your own personal wallet when you dont want to trade your coins.

[biddicoin]

the best wallet is hardware wallet, for an example Ledger Nano S
it's more safe that you save in exchanger, in exchanger you dont hold ur PK

[Biasaae]

You should really find a good wallet to keep your coins for a long time. Many wallets are easy to hack, make sure you never spread the private key that you have. Make sure your private key is always secure. And Exchange also so, Exchanges are being targeted by the hackers that is why it gives you more risk of losing your money when you are putting all your funds in a single exchange.

[Innocant]

Actually it depends to your coins on where they are listed, We are not the one to send our token in the exchanger even if are not listed on their. But the better to choose exchanger was bittrex or binance if your coins are in listed on there.

[pekcoin01]

I usually keep my exchange sites for buy-to-sell tokens or coins.
I do not use too much my wallet because I'm someone who makes money by buying and selling.
If you have long-term investments, use your wallet.

[agorist13]

I know it can be convenient to leave your coins on an exchange, BUT that is not safe. If you are not actively trading, you should not be leaving your coins on the exchange. Buy a hardware wallet or at least download Exodus wallet onto your computer and store your coins there. The Jaxx mobile wallet for phones is convenient as well. They all support multiple coins like an exchange, but you are in control of your provate keys.

[uiyh687]

If you are a long-term investor, I suggest you put COINS in your wallet. Keep your password and private key in a secure place. I recommend Myethwallet.