Exchange or Wallet?

[HalseyBert]

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 invest for the long term, so I prefer you to have to use the wallet because it is the best option to secure the coins and the private key for the scamers.

[smutexar]

try to distribute evenly because the wallet can be hacked and you will lose all your accumulated or earned money

[manish9841]

Again use exchange only for trading purpose. If you have significant amount of money for hold, then never ever put in exchange. Until recently, Bitthumb was hacked in Korea.

[phabulu]

Ofcourse wallet , but here we need to make trade with our altcoins , so here a problem arise for us that if we will put our altcoins at their wallet then how we will do trade , surely it will not be easy task for us to do trade .
Since exchange are safe but not much safe , but still we can put our altcoins in small small amounts at different different exchange to lower the risk to loss .
In my memory about two time hack of the exchange wallet happened , first type of the etherium theft by the hackers from almost all the exchange and after that here with the bithump .

Exchange only your coins for trading. 

[justaminute]

Of course, it is much more convenient to store coins on the exchange, but there is a risk of hacker attack. For those coins that I keep for a long time, I use a wallet. And those coins and tokens that I use every day are stored on the exchange.

[adytran]

HOLD coin on the exchange is not safe cause of hacker. As you see, many exchange was hacked and lost many money. In recently, bitthumb was hacked and hacker stolen many token. In my opinion, The Hardwallet and papperwallet is better, You can use it to hold your coin/token

[unpack]

I think wallet is better, because when you see the change of the price somewhere, you put the coins with the fee back into your wallet. At least on IDEX it works like that.

[NinjaCryp]

I think wallet is better, because when you see the change of the price somewhere, you put the coins with the fee back into your wallet. At least on IDEX it works like that.

IDex has never been a safe place to store value or trade. Trading volume and reputation are lower than binance, okek, huobi, bitrex ... I feel safe and flexible when keeping my coins at reputable trading floors. At times you will find the etherium network delayed. You will see how effective this method is.

[alt-fire]

if the funds are small, then you can store on the exchange and not spend money on the commission. and if the amount is large, it is better to store on a hardware purse

[BountyLord]

Exhange account is good place for you cryptocurrency if you have wide portfolio with huge number of cryptocurrencies, but total value of cryptoportfolio is not sufficient. But the most valued coins should be hold in the wallets.

[cryptolord2077]

I prefer to keep most of my funds in my wallet, since the exchange can be hacked. But I do not worry about large exchanges.

[chairmanMao]

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

First of all, it depends on what you want to do. If you are trading, it is of course the most convenient to place coins in some large exchanges. After all, it takes a while to recharge and withdraw money. During the time waiting for withdrawal or recharge, it is likely that you will miss the best time to buy and sell. From a security perspective, putting your digital assets in your wallet is the best option.

[Wildskull]

It is believed that the exchange for keep coins is not safe.  You never know what can happen to the stock exchange.  It is most correct to store coins on individual purses for each coin.  But it's very long.  I believe that the main thing is not to keep the altcoins in one place.  And better so - part on the exchange, part on MEV, Waves.  And for coins, which you bought for hold, it is better to have separate wallets.

[Denigmatic]

People are always paranoid about holding exchanges, but I have 6 different exchanges on which I hold, and I doubt that all 6 will be hacked. Therefore, even if I lost one exchange, for me it would not be the end of the world. I lost some coins on coins when they falsified server problems and supposedly temporarily closed, but never opened the theft of any coins in the process.

[otto2012]

Personally, I prefer to keep my coins on exchangers. So you can sell them if the market starts to fall quickly.

[hoplimkekr]

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.

[LeetPoolsOP]

Exchange is not the safest way to store crypto currency, because they are most often hacked by hackers. so my option, definitely - it's a purse. the best wallets, in my opinion - it's paper or portable. and in that, and in another case, they will be in your hands, the main thing is not to lose a USB flash drive or a paper carrier.

[Glomerulus22]

I beleive that strong exchange with F2A and e-mail verification is quite save. Of course there are difference, Im pretty sure that Binance is very safe on the other hand smaller exchanges or those with bit of bad reputation like Yobit or hitBTC may be something completely different. I definitely trust Binance and Bittrex.

[Denigmatic]

If you prefer to actively trade, so it means making transactions every hour or even a minute, it's more convenient for you to store your funds on exchanges, because the bets are not static, and you do not need your computer to go to your wallet, you can do it with any device with Internet access.

[degrasle]

Safe option is wallet but sometimes if you have many coins and are not able to keep separate wallets for all of them, exchanges are also good option. But you have to be sure exchange is safe and update yourself, if the coin is still in exchange or not.