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Author Topic: What do you choose between wallet or exchange ?  (Read 812 times)
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April 12, 2018, 03:37:49 AM
 #81

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 prefer to use the exchange to keep his Altcoin. If you follow Altcoin in thick portfolios or websites like coinbase, it's inconvenient when you need to transfer them to the exchange before you want to make a buy-sell so keeping them on the trade will make it easy for you to create a buy-sell.

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April 12, 2018, 04:06:37 AM
 #82

Keep it on your wallet if you want to keep it for longer, so that security is guaranteed. Keep your private key do not give to anyone. Use exchanges just to liquidate your assets and for asset trading. observe the ups and downs of prices lest you lose money.
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April 12, 2018, 04:09:31 AM
 #83

I think that choice depends on your investment plan, especially the time you hold! If you hold on for very long time, the best wallet is good and good again!
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April 12, 2018, 04:17:58 AM
 #84

It's better to store in the wallet than exchange
exchanges is not safe if do you want to save your coins for a long time.

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April 12, 2018, 06:49:53 AM
 #85

Both are useful in their different ways. I prefer exchange when i’m keeping or trading for short term which I may choose to exchange to fiat or other coin in anytime while, I prefer wallet for hold (long term) which i’m Not thinking of selling soon.

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April 12, 2018, 07:28:38 AM
 #86

If you consider about Bitcoin, I like to use wallet because i hold them for a long term. But you should store them on many diferrent wallets and sometime you could change to exchange to secure. There are some suggetion you could need:
Bitcoin exchange: you buy and sell bitcoins, like in a regular exchange, and you can use it as a regular wallet. Examples: CoinBase and Poloniex.
Bitcoin wallet: you just keep your bitcoins. There as several of them but don't use blockchain.info's android app!
I hope I helped!
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April 12, 2018, 08:28:40 AM
 #87

It's better to store in the wallet than exchange
exchanges is not safe if do you want to save your coins for a long time.
Simple but it's reality, if you like to save coins then you should place it to much safer place a hard wallet is better to make some extra security and it
will be in your possessions not like when you are storing it inside your exchange wallets where you are not sure about possibility being hacked and the
site/exchange itself can be attack and your money/coins is not safe, a lots of people who understand the the system will prefer to use hard wallets.
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April 12, 2018, 08:37:31 AM
 #88

I think if we don't want to use the coin for trading, we can choose personal wallet like jaxx, coinomi, mycelium, electrum or else to keep our bitcoin or another coin. but if we want to use the coin for trading and we want to increase the amount, then maybe it is better to keep in the exchange so we can directly to do trade for each of coins. but remember, you need to make sure that our account safe from the attacker so we can trade without worry.

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April 12, 2018, 08:38:18 AM
 #89

If you are not trading any cryptocurrency at the time the best place to keep your cryptocurrency is the wallet because the exchange can be hacked and some exchange have also learn to hold people investment to ransom  

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April 12, 2018, 08:58:39 AM
 #90

Depends on the goal that you pursue. If you are engaged in trading, then of course it is better to keep assets on the exchange. Wallet is the more secure way to keep your coins for a long term holding.
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April 12, 2018, 09:10:21 AM
 #91

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 wallet because I think it much more safer and also because I prefer to hold coins

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April 12, 2018, 09:42:42 AM
 #92

I use many kinds of coins. If you install wallets for all coins, then it uses a lot of space and is unsafe (in some "hot" coin purses a virus may be hiding), so some coins are stored on the exchange.

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April 13, 2018, 07:19:18 AM
 #93

If it is ETH I think myetherwallet should be used. If you want to exchange I think it's a good idea to look for a quality trading platform such as bittrex, binance .... to keep bitcoin, eth or altcoin easy to trade.
The good thing however with some of the tokens today is that they are based on the ETH smart contract and that makes it easy to store everything in a single ETH wallet and hold the private key safely and even if I want to do any quick trade, I can easily make use of decentralized exchanges to do my thing.

I still have some coins on exchanges such as bittrex and binance, and hopefully, nothing happen to them, but nothing more than I could not handle even if both exchanges decide to fold up. I am sorry honestly I am not expecting them to do so. But in practical, we cannot do anything what is going to happen in future, I meant that alone.
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April 13, 2018, 07:44:10 AM
 #94

It depends on you, if you are day trader then you can choose exchanges like Bittrex, Binnance, which will provide you good security features. or If you want to hold your coins for long term then Hardware wallet is best way to keep your coin secure.

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April 13, 2018, 07:51:14 AM
 #95

For me it depends on the coin and if I need some money when I get the coin or token,
If I need some Fiat then I would deposit it in the trading site but if I don't then I would just keep it on hold in my wallet.

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April 13, 2018, 09:04:19 AM
 #96

for a long term investment, it is safer to keep in your wallet. i use Coinbase and Exodus wallet.
for short term investment e.g. day trade, i would keep in exchange.
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April 13, 2018, 12:37:09 PM
 #97

I personally use both. I use my wallet to store my coins and tokens for long term and For exchange I use them for trading and do not use exchange to store longer my coins are there ...
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April 13, 2018, 12:49:48 PM
 #98

I prefer to keep my coins in my wallet, because it's more reliable. This method allows me not only to keep the funds safe, but also to get a good profit.
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April 13, 2018, 12:56:39 PM
 #99

I feel safer with a hardware wallet.
But from time to time I have to keep it on the exchange.
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April 13, 2018, 01:00:14 PM
 #100

i am prefer to safe my coin in exchange for the "mid term" investment that will be sell when the price already good. but, for the coin that already noted best to be long term holding. i prefer online wallet for long term holding.
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