Exchange or Wallet?

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It would always be better to keep your bitcoin or altcoins in a hardware wallet or a wallet that you are in total control of the private keys whenever you have finish your trading session, keeping huge amount of bitcoin or altcoins on a crypto-currencies exchange website is not advisable as the security of those sites are more vulnerable to getting hack by hackers.

[chipzeru]

I think it's fine to store your coins on exchange if you're a daytrader but make sure to choose reputable and good exchange like binance or bittrex. If you're a hodler then store in your own wallet is the best option especially hard wallet. There was a small exchange where i store my bitcoin and my altcoins there and when the exchange started having a lot of issues, i moved all of my bitcoin and altcoins from that exchange into my wallet. You know what? one week after i moved my coins, the exchange got hacked. Glad that i already moved my assets before the hack was happened.

[tolobua]

For now better keep your coins in the wallet, with the market conditions declining, it is better to hold the coin.
If you think the price is in line with what you expect, you can trade in exchange. But it's safer now to keep your coins in the wallet.

[daituthailo04]

It's depend on you. If you want to trade with your asset, the best choise is use a exchange so you able to go trade soon. If you want to hold a coin for long times, tye good choise is you use an wallet because you will get all features to secure your asset because only wallet give you private key and the private key take only you can access that asset.
 

[nwanne]

Well Coins depends on which coins and how long you want to hold. If you have a coin you plan to hold for a very long term like 6 month and above then I will suggest you using a wallet, this is because anything can happen to the exchange, they might close down or been hack, if it is short term, if you have it to wallet your will lose some money through transaction fee to transfer it in and out of the exchange.

[hamster fat]

Of course, keeping coins in your wallet is more secure than at the exchange. I only transfer coins to the crypto exchange if I want to sell them. Unfortunately, often there are news that hackers hacked some exchange and stole coins, so I would not recommend keep them there.

[jhonycrypto]

I think (if we would speak about alternative cryptos) that most secure is to use MyEtherWallet and add a Metamask extension to that

[Just John]

Both of them are just as useful for any crypto investor. You use wallets to store your coins safely when they are not being used and when you want to trade the coins then you transfer them to exchanges where you sell off the coins. As long as you do not use exchanges for storing your coins, you are doing ok.

[saras008]

Because now a lot of closed exchange and lots of hacked wallets, I decided to split the two coins I have. Some of my coins input into the exchange and partly I keep it in the wallet. I used that strategy for a long time, and it really helped me. So when the exchange closes you still have some coins in the wallet and vice versa. So you still will not lose money.

[Wayan_Pedjeng]

Yesterday, the Coinrail exchange got hacked and a lot of the tokens were stolen. I don't understand why people are storing their ERC20 tokens in exchanges, when they can easily keep them in a MEW wallet. I would never trust an exchange to store my tokens.

[bencongponcol]

Putting your crypto assets in cryptoexchange's wallet is a very risky thing to do in the sense that many major exchanges have issues  regarding those coins being deposited on their site. The hacking risk is a bit high and if it happens that the cryptoexchange is a scam, then all of your assets there will be lost for nothing.

[Vaniaevergarden]

People are always paranoid about holding on exchanges, but i have 6 different exchanges i hold on and i doubt all 6 will get hacked. So even if i were to lose one exchange it wouldn't be the end of the world for me. I did lose some coins on coinsmarkets when they faked having server troubles and supposedly temporarily closed but than never re-opened stealing everyones coins in the process. So it has it's risks.

[thenameisjay]

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 regularly exchange your tokens for eth or bitcoins and then convert them to fiat, then I suggest you go to exchanges and just keep all your coins there and transact there as well. But, if you're planning to hold and not sell during the hype, I suggest get a good wallet for hodling.

[zbaharudin]

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 depends what you want to do with the coins you have. If you want to trade you can go exchange but if you want to hold or save a coin you can use the wallet. Between exchange and wallet can not be equated, they are very different uses.

[Liberto]

It is very wise to do! So the hackers can steal only 1 of your 50 wallets if you of course dont have the same password for all

[SabrinaBianka]

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're short term trader better is exchange wallet, But you need to assure that exchange site is very safety. I advice to you that you need to activate the 2FA google authentication to avoid being scammed. And if you want to use personal wallet. Keep your Private key safe at all time, Save at offline device like flashdrive. And don't save at your gmail. Once you in on the phishing site all your details will be revealed by the hackers.

[ShareAccepted]

Just remember the say, if you don´t have the keys you don´t have the coins for real. Just keep only the minimum on the exchanges and you´ll be better off.

[HoundRogerson]

If you often use coins and constantly trade then it will be most convenient for you to keep them on the exchange. If not, register wallets

[Gypat]

Keeping your coins in a wallet is the best but it becomes difficult if you are trading wother the coins. You would have to transfer it into your wallet and then back onto the exchange platform frequently and each goes for a fee. But if you are holding the coins for long then I would  go for keeping it in the wallet

[Fesatmas]

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

Absolutely the most safest is personal wallet only you can control your money through that wallet. I would not recommended people using exchange to save their money it's very risk, just use exchange as always done not as wallet.