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Author Topic: What do you choose between wallet or exchange ?  (Read 960 times)
ZahaRip
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April 14, 2018, 09:40:18 AM
 #121

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.
When trading, I never withdraw my funds, even if it smells burned. I always pour them into another coin. Withdrawal means leaving the market, and it is much more difficult to return.
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raven7886
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April 14, 2018, 10:03:49 AM
 #122

I personally do not like to keep coin on exchange, this is an unregulated market so no exchanges can give you guarantees or any refunds in case of hacker attacks. installing a wallet takes very little time and if you do not have an infected computer, you have a very good security. obviously some small amount for "dayly trading" is right to keep it in the exchange. the past is full of exchanges that have escaped with customers' money
No one definitely likes it except for some novice investors who may not have an idea on staying safe or go through the stress of opening multiple wallets for different coins except for tokens that can be on ETH wallet for those ones built on the Ethereum blockchain anyway.

As much as it is easy to hold on exchanges as much as you want, it is highly unsecured knowing you have no control of your asset and that alone can make you lose everything.
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April 16, 2018, 01:22:06 PM
 #123

To me, using wallet is safer than exchange. If you wan to store coins for a long time, you should definitely order a hardware wallet. Since most of these hardware wallets have a waiting period of a month or two due to huge demand, you should order one as soon as possible. If you are looking for a single recommendation as the best Bitcoin hardware wallet, then you should look no further than Ledger Nano Sand . And as to exchange , it is better when you trade , when you need money as fast as possible, you can sell immediately
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April 16, 2018, 01:24:42 PM
 #124

To me, using wallet is safer than exchange. If you wan to store coins for a long time, you should definitely order a hardware wallet. Since most of these hardware wallets have a waiting period of a month or two due to huge demand, you should order one as soon as possible. If you are looking for a single recommendation as the best Bitcoin hardware wallet, then you should look no further than Ledger Nano Sand . And as to exchange , it is better when you trade , when you need money as fast as possible, you can sell immediately
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April 16, 2018, 01:42:38 PM
 #125

For holding my altcoins I just used in exchanges I know it's risky but it's only a small amount. If I invest a large amount of money in altcoins to hold for long maybe I will use hard wallet for safety of my altcoins.

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April 16, 2018, 01:45:31 PM
 #126

This advice only counts if you hold enough bitcoin to justify buying a hardware wallet. For everything under thousand it isn't even worth it.

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April 16, 2018, 01:49:36 PM
 #127

I keep my money on the exchange. I do that partially to protect themselves from theft of the private keys from the wallet.

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April 16, 2018, 01:53:58 PM
 #128

Choose based on your goals and convenience. There are many similar topics on the forum, use search
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April 16, 2018, 02:20:13 PM
 #129

I personally put my coins in exchange. because I am always monitoring the prices to see firsthand what is being down or up. If the price goes down I'll wait until prices stabilize. for sales, maybe I see how the price of eth, whether the price is nice or not. a few coins that I have, I keep my savings to investments for the future.

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April 16, 2018, 02:40:17 PM
 #130

I divided certain coins into several parts, one part is on my purse, and the other part is on the exchange. At any time I have the opportunity to trade, it is convenient.
Mrbee
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April 16, 2018, 06:45:30 PM
 #131

Some of my tokens are on wallets, some are on exchanges. The wallets I use: online and desktop. Unfortunately hardware wallets are not able to keep all the tokens, usually they work with BTC and ERC20 coins.
I don't trade in active way now because there is no growth on the market yet. I am waiting.
 
Alanpigi80
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April 16, 2018, 06:54:00 PM
 #132

I'm relying only on wallet for now, I'm not trading 24/7, I'm planning to harvest my coins later, in two or three years by now
ayo_deji1
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April 16, 2018, 07:51:01 PM
 #133

It all depends on the market. I keep my coins in my wallet, I also do some exchanges, as the case may be. But, in most cases, I keep my coins in my wallet, cause I don't really wanna ive myself unnecessary stress when it comes to trading.
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April 16, 2018, 08:06:03 PM
 #134

you can keep small accounts at exchanges for tradinh, it is possible

you should keep but your main invesment at cold storoge

you can use ledger for cold storage or you can use offline wallet of mew which is quite good also
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April 17, 2018, 07:48:15 PM
 #135

I'm not planning to hold my coins for long time, then I totally rely on exchanges, because it's more convenient for me
Nachoo
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April 22, 2018, 05:35:41 PM
 #136

I keep my long term coins in my wallet and for everyday tradings with minor altcoins I use some trusted exchange
Borisb52
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April 22, 2018, 05:40:49 PM
 #137

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.

If you regularly trade on the exchange, you definitely need to keep your coins on the stock exchange. If we are talking about investments for a long period, then of course coins should be stored in your wallet. So it will be more reliable.
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April 22, 2018, 05:45:10 PM
 #138

More and more began to trade. it is necessary to increase the portfolio, so you need to do a lot of transactions on signals. I would like to leave the coins on the hardware wallet and forget about them
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April 22, 2018, 06:00:15 PM
 #139

wallet exchange is more secure. I trade every day sometimes weekly and hold a maximum of one year and my payment token holds until the price is at peak

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April 22, 2018, 06:20:07 PM
 #140

Exchanges should be used for trading and not for holding of coins, even for mid term. Holding of coins should be on a proper wallet which you control the private key.
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