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Author Topic: What do you choose between wallet or exchange ?  (Read 960 times)
babsjoe
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April 04, 2018, 08:05:23 AM
 #41

I would choose wallet over exchange when it comes to safety of my fund. I will even go a step further ti keep my fund cold. The option available to cryptocurrency user and investor is amazing. The tech made it possible tovbe in charge of your money!
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Road445
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April 04, 2018, 08:07:16 AM
 #42

Generally speaking, if the amount is big, then I choose local wallet.
Because if the exchange happens to steal an event, then this is a very troublesome matter.

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April 04, 2018, 08:08:21 AM
 #43

I choose to use the wallet, because you always have an added advantage when you use a wallet unlike an exchange where you have to be careful of phishing links, password, 2fa, and so on.

The best is just a wallet, if you are fortunate to use an erc wallet, then you could even get more erc 20 tokens, hodlers airdrop won't meet you in a jiffy either.
Always use a wallet for ETH,
Use Blockchain for BTC
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April 04, 2018, 10:26:31 AM
 #44

I think the wallet should be used always. Every exchange can be hacked or same unexpected things can happen and you lost your money. Of course if you make trading you have to keep tokens on exchanges, but you should withdraw your profit.

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April 04, 2018, 05:34:01 PM
 #45

They cannot be compared because they have different purposes. Exchanges are more profitable to trade, wallets to hold.      
QuinlanDeclan
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April 04, 2018, 05:59:47 PM
 #46

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.
Wallet use the secure coins and it is easy to use when I buy the coin then I uses the exchange.
zhanyiguai261315
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April 05, 2018, 09:47:46 AM
 #47

I will buy some BTC in my wallet and hold it for a long time!

Other digital cryptocurrencies will be traded on the Binance exchange because the encrypted currency will make a profit in the short term.

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April 05, 2018, 09:54:31 AM
 #48

It depends on the amount... For huge amounts wallet (better hardware) is the only choice.
For small amounts just for regular trading exchange will do. But when stop trading for some time it is better to transfer to wallet as exchanges may have problems as we can see...
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April 05, 2018, 09:58:15 AM
 #49

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 agree with your opinion. The small amount of money should be on the trading floor, it will help us to trade faster.
Large amounts of money should be left in cold wallet. I think that would be the safest place to keep your money. We can prevent hackers using cold wallets. Although the price of a cold wallet is quite expensive it can help you keep a lot of money, even if the security is higher than the bank.

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Snakerist
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April 05, 2018, 10:02:28 AM
 #50

Of course your own wallet is much more safer than exchange, so if you want to hodl it is essential to put your funds in your own wallet.

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April 06, 2018, 02:31:38 PM
 #51

They cannot be compared because they have different purposes. Exchanges are more profitable to trade, wallets to hold.      

This is good perception. Go in exchange when you need to trade in highest exchanges but for cold wallet for secure keep. Hodl is the best when planning for long term investment. This how it differs, but the main point are to make profit both the two.
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April 06, 2018, 02:44:44 PM
 #52

There are a few good exchanges, but a lot of investors have been having problems with these exchanges. So you can't trust these exchanges. I would prefer wallet to hold my coins. In fact, I have been using MyEtherWallet for some time and holding coins without any problem.

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April 06, 2018, 02:50:22 PM
 #53

There are a few good exchanges, but a lot of investors have been having problems with these exchanges. So you can't trust these exchanges. I would prefer wallet to hold my coins, I think it is safer than exchanges. In fact, I have been using MyEtherWallet for some time and holding coins without any problem.

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April 06, 2018, 03:01:28 PM
 #54

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 choose both, for long-term storage, I use Wallet, use less exchange! For safety reasons!
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April 06, 2018, 03:05:36 PM
 #55

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.
All the coins and tokens that I keep for a long time are stored on the hardware wallet. Those coins that I use for current trade are stored on exchanges. It seems to me that this is quite safe and convenient.
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April 06, 2018, 03:39:23 PM
 #56

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 these both are good but mostly people choose the wallet so i suggest you to invest in MYETHERWALLET.
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April 06, 2018, 03:46:52 PM
 #57

Strange question. If you want to trade, hold on exchange, but remember about risks of breaking, and scamming. If you'r more as investor, then hold on wallets, because it's much safer, than exchange, but still can be hacked. So better hold on few different wallets.

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Grayy
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April 06, 2018, 03:58:02 PM
 #58

I prefer keeping most of my funds in my wallet unless I'm trading at the current time. Only time I'll leave funds on exchanges is when I want to dodge payment for depositing funds on the exchange and paying again to withdraw my funds. But it's safer to keep your funds in wallets than being stingy and losing everything to hackers...lol
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April 06, 2018, 04:13:32 PM
 #59

As I do say, the choice  to choose depends on the type of coin you have and it's value in the market.
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April 06, 2018, 04:15:51 PM
 #60

I often divide the property into two and store it in a cold wallet
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