Exchange or Wallet?

[Iyanuisaiah]

In my opinion, even the most reputable bitcoin exchanges are suspect. Not because of intention but because of the many ways an exchange is subject to attack. An onsite wallet service is no better. As I said earlier anything that touches the internet is susceptible to assault. Therefore you might consider making rules? storing 90% of your bitcoins in an offline wallet and 10% for spending or investing elsewhere.

[phabulu]

wallet is better and safer than in an exchange. Exchanges are a huge target for hackers and are consistently under attack. In fact, famous cryptocurrency exchanges like Bitfinex and Mt. Gox had been hacked 

[traisaigon261]

It depend on you are long term or short investing. If you are a long term investor i advise you should store all coin which you buy in your wallet, this will safer than. But if you are a trader, of course you have to store your coin in exchange, this will help you saving fee deposit and withdraw.

[zorbit]

The exchanges have a lot of problems and they are not suitable for long-term storage. I believe that if you invest in a long time, it is necessary to create a wallet for each of your coins.

[BitkoinJonny]

I think the best way is a cold wallet Ledger Nano. Because exchange can be closed or hacked and you'll lose your money.

[kenvar]

If you are talking about holding, definitely a wallet. Because exchange are not safe enough for your holdings, it can be easily hacked one time. Buy for yourself a cold wallet, and load your coins into it.

[sukmo]

If I choose to keep assets in the wallet, because I think it's safer than it was on the site of the Exchange, to keep unexpected things to happen later.

[MasterCATZ]

If it is a reliable exchange and there is confidence that it is possible to hold altcoins there, then I can take a chance and keep them there for a while without bad thoughts of theft, but the problem is that such exchanges can be counted on the fingers of one hand.

[TiffanyLien23]

For me, Its better to put all your money in your wallet for added security and for easy monitoring purposes. But be careful that you should save your private key in a safe place no matter what happens in order to secure your wallet. If you want to trade then put a partial amount of your capital to exchage. It may digital wallet or physical wallet, we must need to be careful about that.

[militan01]

to save the coin the best place is in the wallet, it would be safer to keep it in the wallet, because in the wallet for the security is very high most important you do not inform the password to others.

[Topilsimn]

Great to have cash on both, on the off chance that you are a long haul holder that does wouldn't fret the unpredictability in the market I would propose putting your crypto in an equipment wallet like trezor or record. It is anchored and will give you genuine feelings of serenity against hacks. Simply be cautious in the pages you are perusing, reinforcement the expression and never take pictures of it and never give your private keys to anybody.

[LyudvigDD]

I think at the stock exchange all the same keep your tokens safer. They almost always compensate for losses if they are hacked. And if you are inadvertently caught on fraud to you nothing will return.

[KenKaneki9x]

I would go for a wallet. If you put your tokens on an exchange, you are not an owner of your coins anymore. Thus, you might be a victim of any kind of attacks from the side of hackers, as they are targets of their attacks quite frequently. If it was successful, you rely on compensation from the exchange, and if a lot of funds were stolen, there is a chance that the exchange doesn't have to survive it.

The exchange should serve just for exchanging coins. If you are a day trader, nevermind, but remember that it can lead to several problems at any time and therefore it is considered more risky than having them in your own wallet.

[Kingcone]

For your own securities wallet is safer and if you want to hold it for long otherwise when you wanna be ready for the pump exchange is better because you could play or trade your tokens . Take note Holding your tokens in your wallet are safer than exchange because sometimes exchange are scams or sometimes they gonna say that they was hacked etc.

[rockybar]

it depends on the situation mate, if you are a trader its better to put your coins on the exchange for less expenses and faster transaction you could do. but if you like just to hold your coins better you keep on your wallet to be more safer than you just deposit it in an exchange.

[GmBoom]

Better to keep off your funds from the exchange wallet and store it safe in your own personal wallet. Because in doing so, you can avoid a hack attack, if something wrong with the exchange and got breach, it may be possible that your account asset also got breached.

[owmivmen]

I prefer wallet. exchange is at risk of being hacked or where the exchange is suddenly a scam. very detrimental to users. only advice if only selling assets using exchange.

[latchookart]

They serve different purposes. Exchanges exchange, wallets store. A wallet is just an interface that generates your keys and helps you with transactions. In case of exchanges, it’s the place where you can store, trade and exchange your crypto for fiat. Need long-term storage - go for wallets; Need flexibility while trading - go for exchanges.

[oxidoreductase]

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 really depends what you need to do. In the event that you need to exchange then clearly a trade. On the off chance that you need to hold then wallet is best as you have add up to control over your benefits. You have the keys to get to wallet and you can send where you want.Some holders are having issues getting stores discharged from specific traders.

[luckydevil2021]

It's generally a good idea to store your Bitcoins in a wallet where you control the private keys, rather than on an exchange where they control the private keys and could go out of business or be lost.

But different wallets offer different levels of protection. And different exchanges offer different levels of protection.

Some wallets include peer-to-peer trading functionality today. And, in the future, some exchanges will offer decentralized trading so that you can trade directly from your wallet and private keys that you control.