Gracefs (OP)
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March 31, 2018, 05:02:11 AM |
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what do you use wallet or exchange for? Do you want to trade or hold ? If you hold on a mid term or trade, you should use exchange. And hold your coin for security, you should use hardware wallet.
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niteroy
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March 31, 2018, 05:31:20 PM |
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what do you use wallet or exchange for? Do you want to trade or hold ? If you hold on a mid term or trade, you should use exchange. And hold your coin for security, you should use hardware wallet.
In order to keep a small amount it is perfectly acceptable to use cryptocurrency exchanges. For me, the convenience of the exchanges is that I can expose the warrants I am interested in buying or selling coins in order to carry out a profitable transaction. Periodically you can trade and if necessary change one coin to another, but if you store a large amount in bitcoin or another cryptocurrency and you do not trade, then clearly you need to store coins only on a cold wallet on your computer, this will increase your chances do not lose the means.
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Murloc
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March 31, 2018, 05:48:31 PM |
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If you are not trading those money then you should keep it in your wallet. This is an important and simple rule to keep your funds safe. Exchanges may always get hacked (as it was with mt Gox) or get suspended by the government because of the shady behaviour of their CEO (as it was with btc-e). Exchanges may face some issues when you need to withdraw your funds. For example poloniex was down fight after the BCH fork. During that time the coin may lose in price. Keepeng your money on exchange is very unsafe.
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SaarMast
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March 31, 2018, 05:51:33 PM |
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Use exchanges just for exchanging ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) and use wallet in order to store for a long period
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Catcorn
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March 31, 2018, 06:02:36 PM |
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Exchange is less secure than wallet. If you prefer to hold some particular coins, just keep it on wallet and sleep well. Exchanges are obviously good for trading.
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sonphamuser
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March 31, 2018, 06:04:58 PM |
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what do you use wallet or exchange for? Do you want to trade or hold ? If you hold on a mid term or trade, you should use exchange. And hold your coin for security, you should use hardware wallet.
I have divided my invest into two parts, one part is long term so i will buy a hard wallet and put it in this, and the rest is short term and mid term will be send to exchange to can sell and buy anytime
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waaat?
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March 31, 2018, 06:09:21 PM |
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what do you use wallet or exchange for? Do you want to trade or hold ? If you hold on a mid term or trade, you should use exchange. And hold your coin for security, you should use hardware wallet.
I have divided my invest into two parts, one part is long term so i will buy a hard wallet and put it in this, and the rest is short term and mid term will be send to exchange to can sell and buy anytime As always it's the most right answer. It's classic strategy. Long-term - on wallets, short and mid - on exchanges. Why need to create new topic for this, I don't know
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ManaMan
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March 31, 2018, 06:13:28 PM |
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what do you use wallet or exchange for? Do you want to trade or hold ? If you hold on a mid term or trade, you should use exchange. And hold your coin for security, you should use hardware wallet.
Depends what do you think by short term, if sort term can be seen like few weeks, then you could keep coins in your own wallet. You don't need hardware wallets for your bitcoins to be safe, paper wallet can be good alternative.
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dewi91
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March 31, 2018, 06:30:00 PM |
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Depend in my situation, when I need money I Will choose exchange to sell my coin as soon as possible, no problem if the price just a little bit goes up and I only get a little benefit but I never sell coins when the price lower than the price when I buy.
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rijaljun
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March 31, 2018, 06:35:31 PM |
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what do you use wallet or exchange for? Do you want to trade or hold ? If you hold on a mid term or trade, you should use exchange. And hold your coin for security, you should use hardware wallet.
I use wallet to hold coin for long term, and only trade about 20% of total coins that I have. Wallet which allows you to keep your private keys will keep you safe from scam.
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BigBoy89
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March 31, 2018, 06:45:18 PM |
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what do you use wallet or exchange for? Do you want to trade or hold ? If you hold on a mid term or trade, you should use exchange. And hold your coin for security, you should use hardware wallet.
I think you should always choose wallet, except when you are going to sell it very, very quick. IMO mid-term holdings are for wallet as well.
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supermine
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March 31, 2018, 06:49:44 PM |
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what do you use wallet or exchange for? Do you want to trade or hold ? If you hold on a mid term or trade, you should use exchange. And hold your coin for security, you should use hardware wallet.
It is based on your purpose if you are going to trade that coin sooner then keep it in an exchange but it is not a safe place to store our coins.Even if you want to hold your coin for a while then choose the wallets,if hardware wallets then your coins are secured.
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islakevin
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March 31, 2018, 06:51:05 PM |
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Well for me if you are a trader you should choose an exchange , but if your an holder or investor you should choose wallet because its safer . there are possibilities that known exchange will close or even scam. so if your a day trader or just a trader better choose exchange and watch it everytime every news everything cause its like your vault .
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Winner
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March 31, 2018, 06:53:45 PM |
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what do you use wallet or exchange for? Do you want to trade or hold ? If you hold on a mid term or trade, you should use exchange. And hold your coin for security, you should use hardware wallet.
A desktop wallet is the safest. A hardware wallet is not safe unless the wallet was built by yourself.
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jinnyjinny
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March 31, 2018, 07:11:41 PM |
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I prefer to keep cryptocurrency in both places, but most of fundes - on the wallets. Usually i don't trade, i prefer long holding,but someties i need to buy something very quickly, so that comfartable to have some amount of BTC and ETH on the exchange.
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vrabac68
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March 31, 2018, 07:11:48 PM |
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I use both .Myetherwallet when i keep coins and Binance and KUCOin for trading.Transferring coins is only like 1$ fee I think both these exchanges are safe even if they are not decentralized
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deevan
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March 31, 2018, 07:18:26 PM |
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depends if you are a day or short-term trader then it is better to keep your coins on an exchange on which you are going to trade frequently, to avoid withdrawal fees to get your coins deposited in your wallet. If you are a long/mid term trade then it is highly recommended to store the coins in a personal wallet for which the private keys you are holding. I only use to keep those amount of coins on an exchange that I am going to trade less than a week rest coin I am keeping in my wallet, yes you are right hardware is also the best option also Desktop wallets too, as exchanges are not safe to store your coins for a long time.
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husencoe
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March 31, 2018, 07:20:52 PM |
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Actually I use exchange wallet because i'm a trader. I just have a wallet from myetherwallet for receive bounty reward and a wallet in blockchain.info but until now not have asset yet. Lol.. Actually if you not plan to hodl your asset, use exchange walletnis the best but you also must have a wallet to store your wallet when you tired to trade.
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Adunni6758
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March 31, 2018, 07:31:00 PM |
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Each of it has its benefit. Some times i use exchange and at some other times i use wallet if i have made up my mind to hold for long. There are coins that are good for constant trading, while some are good for long time hold. Although, this depend on individual's view. My advise to most people is that, if you do not know how to trade, it is better to hold in wallet, then learn trading techniques before starting. The only thing i cannot do is hold my coin in exchange wallet for a long time, because this i do not see to be well secured.
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philad220
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March 31, 2018, 09:08:22 PM |
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The thing is that both have different significance, I mostly used the exchange for day trading to safe my transaction fee, and uses hardware wallet to store the tokens i have to hold for long. I think hardware wallet is more safer compare to exchange.
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