Exchange or Wallet?

[rasp]

What is better? To keep your coins on some Exchange site or to open wallets for each coin?

I wouldn't recommend holding too many coins on an exchange, especially after the latest news related to exchanges being hacked.
You can keep a minimum amount of tokens for daily trading, but it would be better to draw them back to your wallet in the end of each trading day.

[yavorskiy616]

I think it is better to hold your token in a wallet Ledger Nano. You must put it only on exchange if your are going to trade it.

[blissben930]

If you are holding long term, Most definite a wallet. If an change goes down you can lose all you coins. I always recommend the Ledger Nano S. If you are trading just keep what you are currently trading in.

[xws]

As I think, the wallet is better than the stock exchange, for keeping money, the chance to get into a situation where the hacker will crack you less than where a group of hackers will break the stock exchange.

[kidsrock]

I am prefer keeping my coins and tokens on my wallet. Its good to save our coin/token in exchanges but I am afraid because hacker many time success to hack on exchanges wallet.

yes, because we can take full control of the coins and tokens in our wallet and we can prevent from the hacker. but it is not a mistake if we want to keep the coins or the tokens in the exchange so we can directly sell when the price can jump to the higher price. as long as we can follow with the instructions from the exchange then we can save our account in the exchanges and we don't have to worry about the hacker.

[mellorbo]

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

its really obvious that you must save your tokens in wallet, it is called wallet because this is where you save money. Exchange are too risky because it might lose your tokens. wallet are safer than exchanges.

[embezle7]

I am someone who personally like storing my coins on the exchange because I think it makes it easy to trde it when ever there is an increase in market price on my coins but the current attacks on exchanges has frightened me to save in my personal wallet.

[kripto para]

Its simple really. Exchange if you trade and need funds fast. Personal wallet if you are holding and need your funds to be safe.

[hoangthipro244]

It depends on the purpose of holding your penny, keep on the floor, exchange and profit will be faster, keeping the wallet cooler will be safer.

[Lisa110386]

Of course it is better to keep your coins on the wallet. All your coins that are on the exchange are not physically owned by you. And if something happens to the exchange, you can lose your coins. So on the exchange you need to store so many coins, that you are ready to lose.

[rickn]

For a long-term investor who does not want to make trades, it is more advisable to keep the crypto in their own wallets.
If the investor wants to trade in the short term, keeping the crypt in an exchange is a good option to immediately take advantage of price fluctuations

[anglosaxon]

I think the best way to keep coins is wallet. But sometimes it can be vey expensive that sending some tokens from market to wallet, so, rarely I choose keeping them on excange.

[glavos]

If you do not know how to trade and only want to hold a personal wallet is the way to go for sure! I myself got me a ledger that I am using for my long term holds.

[green_fish]

I will choose to have my own wallet.
You deposit your cryptocurrency on the exchange, and the exchange will lend your cryptocurrency to those who are trying to short the BTC!

[PastirmaliYumurta]

You can keep an amount of money on your exchange that will not sink into your eyes. But if you keep it in the long boat, it makes more sense to keep it in your wallet

[fbastage]

Of course, it's best to keep your money on purses! I'm used to thinking that everyone in the crypto currency wants to deceive you and steal your money, so I try to keep all my money in different purses. In addition, you can see how much news has been coming up recently about hacking exchanges, and the largest ones.

[MI6]

If you do not know how to trade and only want to hold a personal wallet is the way to go for sure! I myself got me a ledger that I am using for my long term holds.

use ledger nano too for now, i think it is more safe if we only want to hold the coins and not trade, especially now there are many exchanger site that get hacked and i don't want to lose my asset because of that

[tranvy148a]

Leaving your Bitcoin on an exchange is not considered a safe way to store your Bitcoins because exchanges are a huge target for hackers and are consistently under attack.

[xclusiveguy]

In my opinion an exchange that you have control over your private key is most preferable, coinbene and bitfinex was recently hacked last month and this month respectively, never put what you cannot afford to loose on an exchange

[OTC2018]

Wallet all the way for me. Exchanges are just too risky. It seems there's another one being hacked every week or two. I try my best to get my coins off there as soon as I can.