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Author Topic: What do you choose between wallet or exchange ?  (Read 960 times)
Hamphser
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April 13, 2018, 01:17:12 PM
 #101

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.
Basic thing and theres no need to repeat this kind of illustration yet there are lots of topic already towards this matter. Exchange wallets would only give advantage if you do make active trades but if you do tend to hold for long term then hardware wallets would be suggested. Storage will be depending on ones decision on where which path hes going either for long or short term.As long you are aware into your own coins then it should be fine.

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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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IrReAr
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April 13, 2018, 01:19:50 PM
 #102

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 without fail... if the exchange gets shut down game over you loose out.
You must also consider trading patterns. If you are an intra-day trader no way you can move your coins every hour between wallet and exchange. But, if you plan to hold a coin for long time, not use it in your intra-day, then store it in a cold wallet.
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April 13, 2018, 01:20:12 PM
 #103

To give you a very good advise never EVER store your crpyto coins/tokens at an exchange. There are multiple examples from the past that an exchange CAN be hacked and then Huh ... your coins are lost amigo Grin

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April 13, 2018, 01:23:18 PM
 #104

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 everyone knows that without you having to tell. everyone does the same thing when going to trade or just holding back the bitcoin or altcoin.

For me im prefer to keep my coin into wallet. ill wait the good time price when i sell my coin. for now i want invest more for the big profit soon. better to do is keep our coin into wallet and invest more then that times are getting high we want exchange this to chance a get a big profit.
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April 13, 2018, 01:24:58 PM
 #105

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.
hi,  I use multi-signature wallets for holding coins. Multi-signature wallets make it so that n-of-m keys must sign a transaction before moving funds. In its simplest form it is 2-of-3 keys. For Bitcoin and bitcoin variants (e.g. Litecoin), this is absolutely how I would recommend to store institutional funds.

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ifanxu
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April 13, 2018, 01:36:16 PM
 #106

Usually I store cryptocurrencies on the exchange, which is convenient, for quick transactions.of course, if are optimistic about the long-term, do not intend to sell, I will put the crypto currency in my local wallet.
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April 13, 2018, 01:38:21 PM
 #107

IF you want to hold for long term than it is better to keep your coins in a wallet. I use myetherwallet and it is fine
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April 13, 2018, 03:33:01 PM
 #108

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.
of course I prefer to trade, as long as I am holding the coin, I may be able to circulate my holdings, I can earn from it, I can add the number of it, and I can see its movement.

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April 13, 2018, 03:52:42 PM
 #109

I trade on different exchanges, about 6-7 and I keep all the money for them. At any time I can sell them or exchange them! Of course this is a risk, but when you are engaged in trading, it's hard for another. Coins received by ICO so far I hold on my wallet, because I will hold them for a long time.
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April 13, 2018, 04:03:49 PM
 #110

I choose Exchange
RonaldDuncan
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April 13, 2018, 04:11:33 PM
 #111

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 the wallet is the best place for safe coins. Coax it have a reliable and easy to use.
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April 13, 2018, 04:40:24 PM
 #112

I am using both. I am using offline wallets from long term holdings and exchange wallet for my trading activities because without exchange wallet we cannot trade.

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April 13, 2018, 05:12:22 PM
 #113

Online casinos are not secure at all and do not guarantee 100 per 100 for anyone.In this paper, I will introduce bitcoin addresses to you and you will store your private keys, and I will introduce you RFID chip which can be used in the next few days.So we know that bitcoins are actually on the network, not in the cousin, but all you need is your private key.Detailed information has been explained in detail by many of our friends on our Turkce forum. When you search, you will get more precise results if you call the detailed search part by clicking on the button beside the search button instead of the direct search box to search for it, you are not likely to find the thing you are looking for.

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April 13, 2018, 05:14:09 PM
 #114

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's perfectly fine to keep small amount on exchange for short term but if you're planning to hold for longer than a month, you should transfer it to your wallet and keep it somewhere safe where no one can access it but you.

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April 13, 2018, 05:30:25 PM
 #115

I like to use the wallet of the trading floor. I can trade fast and have a lot of pennies for me to choose. However, should look for reputable distributors, I usually use bittrex and binance.
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April 13, 2018, 10:40:07 PM
 #116

For me i use my wallet as a solid hodl
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April 13, 2018, 10:44:40 PM
 #117

But when you want to sell your coins. better put it on the exchange
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April 14, 2018, 07:57:46 AM
 #118

If you are not day trading with the coins, even if you are day trading, you still need to get a wallet you have control of the private key so that you can save some coins there from time to time.
So your best choice is also a wallet.
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April 14, 2018, 08:58:36 AM
 #119

Organize your coins and tokens into many different wallets and exchanges with amounts you are willing to lose if things get compromised. By doing that, even if some wallet/exchange gets hacked, your loses will be minimal.  By having different coins on exchanges you can avoid that risk. Search for top wallets/exchanges for different coins and allocate them there. My favourite wallet are Ledger Nano S, Coinbase, Exodus. At least, this is what I did. At the end it's up to you.
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April 14, 2018, 09:32:15 AM
 #120

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 the wallet is the best place for safe coins. Coax it have a reliable and easy to use.
It depend on you're a trader or long term investor.
If you are a long term investor then the best you should store your coins in hardware wallet, it's safer. But if you are a trader you need to store all your coins in exchange sites, it will convenient for trading and saving fee deposit and withdraw.
For me, i'm using both because i use 60% my capital for trading and 40% for long term investment.
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