Exchange or Wallet?

[popkiko]

It depends on you if you hodl for long term just make a wallet for each coin and make sure to backup your private key then if you want to trade and make a profit just use exchange.

p.s: dont hodl your coins/tokens on exchange because its too risky.

[ChaoChibai]

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

I think wallet is the best for us to save our coin because if you see the news too many exchange got hacked a few month ago, that's news really make me scared to hold my coin in exchange.

[becapital]

For the security of money storage, I prefer to work with exchange. In this case, the protection against possible hacking is higher than the wallet.

[hansbans]

Exchanges are always at risk. If you have a coin in the exchange and you do not open the exchange every day, you can do a lot of damage. fFr example a couple of days ago in docademic was delist in hitbtc. Many people do not even realize it

[damgdas]

It is safest to keep COINS in your wallet if you keep them for a long time.

If you only have a small amount of COINS or transactions every day, I think exchange is the best option.