Exchange or Wallet?

[MakarovMV]

Cold wallets are the most safety now. Exchanges have many vulnerabilities and can be easily hacked. Moreover, centralized exchanges just can disappear with your money without a trace.

[stil55]

If you want to trade your coins and make a profit for it then you have to transfer your coins to large and famous exchanges, and if you are not going to trade your coins then it is better to keep your coins on your wallet, because keeping coins on wallets with private keys is more secure than keeping coins on the exchange.

[Honourable11]

Keeping it on the exchange platform is the best way since you can sell it whenever you do not need to send back the exchange. Using the exchange platform you can convert it to whatever Altcoin you want.

[mdgabrielzim]

When you have any amount stored in the exchange your coins are in the hands of completely unknown people and for sure if something happens to the platform some kind of prejudice you will take. Today we have several free ETH and BTC portfolios on the internet, opt for one and use it to store great values.

[Mapagmahal]

I don't keep my balance on exchange unless i'm going to sell or buy. It's not that i don't trust this exchange but if my goal is for long term then keeping it on my own wallet is a a better idea. Just don't lose your private key and we will be alright.

[HatakeKakashi]

They have wallet who have different coin wallet you can use it to store your coins to ger more safer. Because most of the time they have some traders who are experience their coins gone if they store their coins to the exchanges site. But until now I did not experienced any of that problems and I hope I did not truly experienced. Wallet can safe because you can only who control and access your account to avoid losing coins.

[Enyi001]

I prefer wallets compared to exchange. I love keeping my coins in my wallets. Wallet is safer than exchange. Exchange most times is prone to so many attacks meanwhile, wallet is not. So, to ensure safety of my coins, I love to keep them in my wallet.

[jagaban]

I've never kept my money in an exchange and slept peacefully. This is because the potential for hacks is higher in exchanges than in my private wallets as exchanges are constant targets for hackers

[Fayamba]

When you are an active trader who does day to day trading, then leaving your tokens on an exchange may be the right choice. But if you are someone who intends to hold for the price to rise before you start selling, then leaving it in your wallet may be the best choice too.

[FiiNALiZE]

I prefer to keep my coins on exchange if I want to day trade or if it is not a big amount.
For long term investments I use cold wallets.

Anybody that has coins on an exchange while having a large amount of it is not going to be happy when their exchange goes offline.

[hell_slayer]

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 on your strategy . If you plan to hold your coins for a long term - you'd better use a wallet , because it will safe your funds from scammer exchanges . In addition , if your are holding ETH , EOS or something like that , what other projects are using to create their own products you can use your wallet to receive airdrops and other tokens which are based on this blockchain .
But if you plan to sell you coins in a week or two , you can sefely store it on exchange . Exchange also is giving you an opportunity to quickly react and interact with market if something goes wrong , so if you like active position and have some trading skill - exchange could be a preferred option for you .

[kidsrock]

I prefer to keep my coin in the exchange because I can directly to buy and sell the coin if I want. besides that, I think I don't need to wait for wait for the transaction if I want to do something with my coins. but I know that every people have their opinion and decision and I am sure that they will make a good decision regarding their coins.

[lapofberik]

Of course, it's better to keep money on your wallet than on the stock exchange. They can deactivate your account at any time and simply steal your coins.

[AMdemzzy072]

If I need to store my coins for a long term I usually use wallets But in most cases I just deposit coins to exchanges, set a sell order at a needed price and set an alarm in Blockfolio. Though it less safe, but in case of sudden pump you can miss it if you hold your coins in a wallet. So I would say that my portfolio is spread like: 20% in wallets and 80% on exchanges.

[gregden]

Everywhere there are risks. On a centralized exchange coins are stored on the purse of the exchange, that is, in fact, the coins does not belong to you, but the exchanges have good protection against burglary, and in this case you will most likely get compensation.

[Jupeter]

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

For me  it is still better to keep our coins in a legit and trustable wallet so we can really make sure that all of our coins will became very safe and i like to keep my coins in wallet because i it is more secured and hackers can not able to hack it.

[ugur2222]

you do not need a stock exchange, but you need a purse. In general, I do not see any problems in having a stock exchange and a purse.

[Veseloff]

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

For me  it is still better to keep our coins in a legit and trustable wallet so we can really make sure that all of our coins will became very safe and i like to keep my coins in wallet because i it is more secured and hackers can not able to hack it.

I would not say so, hackers are capable of hacking anything. Firstly they can access your computer and get information when you go into the wallet, pick up your private keys or the seed phrase and go into your wallet at any time and steal all of your tokens. Recently, I think that exchanges become much safer than wallets. Save on such as Binance Bittrex and the like.

[seandiumx20]

WALLET! There are many issues i've been saw that their token was gone after saving it on a exchanges. You know, if an exchange site are having a maintenance they sweep those tokens in your dashboard. Well you can argue with that since it's not a "wallet", wallet is created so you must it in a right way.

[IntelligentIdiot]

In my opinion, what I really wanted to use are wallets and not exchanges. After Mt. Gox and all those other hacks that happened before I am really not sure if I am going to trust those exchanges again. Security is maybe an illusion as long as they cannot guarantee that they would be able to make their websites secure. Also cold wallets are the most secure of them all so, it is really a no brainer which is the best.