Exchange or Wallet?

[Osiris0]

If you take the risks and you have experience and balls - go to exchange and try to trick the system. If you want calm and peace - choose investment strategy - and use cold wallets. Be the greedy goblin sitting on your preciuos

[1715178947]

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[1715178947]

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[1715178947]

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[1715178947]

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[bukham88]

If we invest in a long time it is better to choose a wallet only, like myetherwallet, but if we prefer trading or short-term investments, my advice to keep it in the exchanger, because it is easier when we sell it.

[Mig-23]

This is really confusing too for myself to think where is the safest place for me to keep my coin or token. Because if we keep wallet in the exchange it will be better if sometimes the price suddenly increase we can sell it quickly in the right time. But i think wallet is more safest than exchange

[Profuter]

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 is obvious that it is better to create your wallets and access keys to store in a safe place. On the exchange to store funds is not reliable, as access to them already have not only you.

[Fidelityman]

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

Depending on the activities you intend to do. For trading i will advice you to leave your coins on exchange but to have full control on your assets, I will advice you have wallets that can keep most of it at once.

[Cryptomania098]

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

Don't even try it to keep your tokens on exchange. The implication is that you have no control over your tokens again once you transfer them to exchange wallet. What if the token is not being listed in that exchange? Or what if the price of the token is worth more in another exchange than the one you have kept it?

[SvetikB]

I use bitfinex for trading and i have a strong belief in it. I dont think that it`s gonna be hacked or smth, because their security is serious

[Silverstar]

It is better to store your coins in a wallet.. at the last time the exchange is often hacked  ...it's better to use a Trezor or Ledger - it's safer.

[GFE]

I have coins at more than 10 different wallets and 4 criptocurrency exchanges. The main idea is hold coins at different places to decrease risk of coins lost

[RESPONSIBLE_]

All wallets are safe enough. The danger is that the user himself can allow him to steal his private key. Any mistake made by a person can lead to a loss of control over their funds. For these purposes, any hardware wallet is perfect. At the exchange is also not the worst option with 2fa. But do not forget that the exchange is not under your control, unlike wallets.

[jjdub7]

I use bitfinex for trading and i have a strong belief in it. I dont think that it`s gonna be hacked or smth, because their security is serious

I agree with you. Still, don't keep your long-term investments in the exchange. Doesn't matter how unlikely is to be hacked, it is bad business. It is better to hold it in a wallet or best to keep it in hardware wallet.

[prechi]

If you are holding for long, it is better to keep them in their wallets. If you are much of a trader, (a short-term trade) I'd say you keep them in the exchange for easy access and quick sale. But however, designated wallet is always better.

[Docbee]

Having your own personal wallet is better, to have it kept on exchange is risky. I have seen many cases where exchange disappear, everybody with fund on it are not safe at all.

[cryptophilia002]

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's alwas riskier to keep something on an exchange. You don't hold the private keys for each so if anything happens you can lose all your coins. One advantage to have it on an exchange though is if your actively trading. You can set buy/sell orders in advance, only good for day traders though. Holder's can just have their coins inside the wallet and transfer when the time is right to sell.

[solovalley]

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

this depends on your willingness, if you want a coin to trade then you can put it on the exchange, but if you want to keep it even for a long time, you can put it in the wallet.

[dgross0818]

This is a rather difficult question and I will explain why. Many people know that the last minus 10 percent was caused by the hacking of the Chinese exchange and theft from there a fairly large number of funds and this affected the rate of both Bitcoin and many altcoins and the crypto-currency market fell by 10 percent. That is, to keep money on the stock exchange does not seem to be the best solution, because there are many security issues. On the other hand, wallets are also not so secure, because we've all heard about hacking MEW  and today MEW is the best wallet and I'm sure that this wallet is available for every participant of this forum.
The best on reliability of a purse which now you can buy, it is a hardware wallet. For example, I use the hardware wallet TREZOR, but in the use of this wallet there are nuances, as it is designed only for a certain number of coins.
As a result, I think that it is better to store money still on the wallet, but on the other hand more profitable and cheaper coins can be purchased on the exchange, and the reliability they are approximately the same.

In my point of view, everything depends on a portfolio, aims, and tasks. As for me, I have a lot of small coins divided into small parts on 5-7 different exchanges, and some ETH that I hold in 3-4 mew-wallets (in case of a hack). There's no universal recipe. All I can advise is not to hold all your money in 1 place, even if it's a hardware wallet!

[chenjkai]

Keep the coins in the exchanger is safe, if you choose only trusted exchangers such as Binance, Bitrix, etc. but you need to have a wallet account. To send coins to their destination, we need BTC or ETH address.

[eolitic]

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 have nice amount of tokens and you don't sell and buy them everyday, it's definitely safer to keep your crypto money in cold wallets, like Ledger wallet. Much safer, cause exchanges can be hacked and hot wallets either.

[crypto_Butterfly]

Exchange if you want to trade coin or store for a shorter period.
Hardware wallet if you wants to keep them for a longer time.

[EfterlysT]

For quick trade you can keep your coins in an exchanger but if you want to secure your coins, the wallet is better. Exchangers has risk of being hacked.