Exchange or Wallet?

[jpnl0006]

Most times i have different reasons for what i do i could keep my coin sin exchange if i have a need to sell them out but also i keep them in my wallet the exchange could get hacked so for me the wallet will be better but the offline paper wallet

[dress]

I’d say it depends on your objective. You should use an exchange if you do daily trading and need the money fast. And you should use a wallet if you want to keep the money you're hodling safe.

[Xexen4]

for taking quick action, exchange wallets better than local wallets. but all of ppl knows that exchange wallets never be safety. there is always a big risk to hack attempt on exchange account.

[UAE Seasider]

Unless you want to trade on a daily basis then there is actually no sensible reason to keep your coins on an exchange, you lose all accountability for your tokens and rely on somebody else to take proper care of them for you.

[CriptoNata]

Unless you want to trade on a daily basis then there is actually no sensible reason to keep your coins on an exchange, you lose all accountability for your tokens and rely on somebody else to take proper care of them for you.

I, too, do this, if I buy coins for a long period, I will necessarily re-enter them into my wallet

[HashWorld]

Wallet. Exchange is not safe because you do not have control over your asset after it goes to exchange address.

[ms.moon]

In my opinion, it depends on your purpose when you keep a coin. If you want to trade, you should keep it on the Exchange site, which will make it easy for you to trade. If you are a holder, you should keep it on your Wallet PC, which will prevent you from being scammed by Exchange sites or hacking into accounts on those sites.

[Leetukyang]

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

At first I hold and keep all my tokens to a wallet. Myetherwallet to be exact. But I feel bad because it is not safe now to some of the wallets. I got hacked, all may tokens got stole.

I now keep and transfer some of my tokens to exchange, since this has good security and it will be hard to hackers to hacked a system who has a good security.

[Yana_1]

Many exchanges currently attacked by hackers are not all exchange but I think if you want to invest then you have to save your coins on hardware wallets like ledger s nano.
If you only want to exchange then I suggest saving on exchange, but rather choose a safe exchange like bittrex or binance because these 2 exchange is the best exchange I know.

[yslyv]

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

wallets are much more safe comparing with exchanges. especially if you use a clean computer and a hardware wallet you are in safe. but keeping them in exchange has also some advantages such as putting stop loss and orders. so you dont loose time to transfer them during a dumb or pump.

[Exolife]

better stored in the wallet in the past just because it is more secure and of course can instead be used for savings and investments, who sell us coins that year could have the higher price then it could be sold at any time if the price began to higher . Hardware wallet or personal wallet still better than exchange wallet. Many exchanges hacked include Binance and 1st Exchange from Korea and Japan. Hold your private key also have some risk about trojan,internet hacked, etc. Two things have its risk so choose what you think better.

[iamsediii]

Ofcourse wallet. Just because exchangers is a centralized, you give your money in the exchanger. Which means, if the exchanger closed, your money stoled.

[MoneyBetterLife]

I think it's always better to distribute your assets among several sources of storage. It will help you to protect them, but as for me it is still better to keep money on the purse than on the exchange.

[Sakira72]

If there is good wallet for the coin/token - of course wallet. But sometimes the coin wallet is a piece of shit with many technical flaws, so in this case use few  exchanges.

[oOVVVVVVVOo]

The best option for storing your altcoins is a hardware purse. It is reliable and safe. But it all depends on what you're going to do with the coins. If you often trade, then keep them on the exchange.

[dmerrifield9844]

Exchanges is not safe by definition , you never know when certain exchange will be hacked or just decide to delist your token. The only reason you mayl want your coins on exchange is to trade them . If you are not a trader - wallet is your choice

[serizawa]

My coin is all in the exchanger, nothing in the wallet
because I keep my coin for trading is not to hold long in the wallet

[Xuaquing141]

Wallet or exchange depens on your aim. Store at exchange if you want to trade or change this tokeno the others tokens. Store in wallet if you want to hold this token in the long term. But in exchange, you should update the news day by day because this token can be delisted drammatically. Please be aware.

[ZEIIMAN]

Personally, I have wallets only for eth, btc and neo. The rest of the coins have their own wallet I store on the exchange, because I do not consider them reliable.
 

[senyorito123]

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 are a trader you can put your tokens in the exchange site because this is the easiest way so that you can trade directly,but you need to be careful and be vigilant always if you place your tokens in the exchanger because it is very risky and i heard how many times in the news that the exchangers is hack,and the most advisable and safe way if you want to hold it for a long-term is to put your tokens in your personal wallet.