Crypto Exchange tokens or Crypto Wallet Tokens??

[Altcoiner007]

Choosing the best cryptocurrency to buy often requires a comprehensive approach, considering factors like market cap, liquidity, fundamentals, community, ecosystem growth, etc. I just got into a fix trying to figure out the smartest pick for my portfolio whether to go with an exchange token or a crypto wallet native token.

I know in theory, a crypto wallet is often considered better than an exchange in terms of security because it gives one complete control over their private keys and funds while exchanges are more convenient for trading. However, they offer greater risk because they control one's keys when their assets are on the platform.

Following the recent BWB Airdrop, and the anticipated launchpad on Bitget which is the platform's first launchpad of 2024, would you consider investing in the wallet token or opt for BGB, the exchange token itself which is becoming more established?

See details: https://cryptopotato.com/bitget-wallet-token-bwb-makes-debut-on-the-bitget-launchpad/

I would be glad to read your opinion on these.

[Bureau]

Crypto exchange token are already established in the market. Investing in them and accumulating more will be wise decision than going after a new wallet token. Atomic wallet has a token AWC, you can check its overall performance in the market and then you can compare it with some of the exchange tokens to come to a conclusion. Atomic wallet's security got compromised that means the risk of hack is still present with wallets.

[TastyChillySauce00]

the exchange token itself which is becoming more established?

IMO, exchange token would be giving you more benefit rather than wallet token. What can you with the wallet token?

You can retroactively receiving reward through holding your exchange token. I meant that if this is the main reason why holding exchange token gives more benefit, such as:

1. Airdrop tokens
2. VIP trade benefit
3. Yield
4. Capital gain and many more.

You will receive less if you are putting your money onto the wallet token.

You can take a look at bitget token. This gives you various benefit like getting airdrop or participate on its even on its exchange site. This is why exchange token is always more popular compared to the wallet token.

Bitget launched wallet token but you forget that if this wallet is not a good wallet. So many people's wallet got drained after interacting through this wallet.

[Reatim]

Crypto exchange token are already established in the market. Investing in them and accumulating more will be wise decision than going after a new wallet token.

Investing in Anything new in the crypto market is a risky move.

If a new project gets launched, even if the development is really good surely there will always be some time before they get the hang of it. New means not much investors would be flocking towards it yet so if you want to be safe and invest for the long term, exchange tokens especially an exchange that has been well established would be a good move.

[avikz]

Exchange tokens over wallet tokens any day! My fellow forum member TastyChillySauce00 has already mentioned the benefits of holding an exchange tokens. They are well established in the market and backed by a value generating business. So the chances of price increase is much higher in an exchange token.

Wallet tokens can become a good alternative though. I am not against it. At least a wallet tokens is obviously better than a memecoin.

[shinratensei_]

Wallet token in general always disappointing in performance, I think everyone already know that.
from this launchpool from bitget if you look at the site directly https://www.bitget.com/earning/launchpool
you can easily spot the reason why you should choose the exchange token instead the wallet token which is yes the fact that there's so many launchpool of many new coins or tokens that requires BGB staking means the demand is gonna be there.
if you own BGB and wants to hold long term you can easily stake it in launchpool you got additional profits as well as spending the most of your time holding BGB maximizing that profit you get by just holding it.
its quite different with BWB thats just a wallet token
to be fair we still don't know whether the BWB will have same utilization as BGB but its always better to just stick with the coin that already has many uses.
though if you want to seek the fast profit from the volatility you might be interested in trading the BWB since its just about to get launched on 6th june in the spot market as your article have explained.

just to give a little head up that TWT is quite mid in term of performance only rising 10% over the course of a year, meanwhile SFP still far from its all time high.

[CoinMin3r]

Crypto exchange token will have more weight and chance of success over wallet tokens because exchanges are already established and doing their profitable business successfully whereas wallet tokens need to prove themselves before going anywhere. Also holding exchange token will give more benefits/rewards to users of that exchange. So final verdict is Crypto Exchange tokens are better than Crypto Wallet Tokens.

[blckhawk]

CEX tokens are probably much better because when you use them in that said CEX, you're guaranteed some perks like no transaction fees or they might even include you in their promotions if you use their tokens so I think that they're much more superior to Crypto wallet tokens in that way, by the way, this is also the first time that I've heard or read of crypto wallet tokens, can someone explain a little bit about them because I'm not really familiar with them and are there like any kind of example to check out.

[Iamcrypticguy]

Wallet token in general always disappointing in performance, I think everyone already know that.
from this launchpool from bitget if you look at the site directly https://www.bitget.com/earning/launchpool
you can easily spot the reason why you should choose the exchange token instead the wallet token which is yes the fact that there's so many launchpool of many new coins or tokens that requires BGB staking means the demand is gonna be there.
if you own BGB and wants to hold long term you can easily stake it in launchpool you got additional profits as well as spending the most of your time holding BGB maximizing that profit you get by just holding it.
its quite different with BWB thats just a wallet token
to be fair we still don't know whether the BWB will have same utilization as BGB but its always better to just stick with the coin that already has many uses.
though if you want to seek the fast profit from the volatility you might be interested in trading the BWB since its just about to get launched on 6th june in the spot market as your article have explained.

just to give a little head up that TWT is quite mid in term of performance only rising 10% over the course of a year, meanwhile SFP still far from its all time high.

I think TWT and CAKE haven't performed as expected, so you have a point. However, those who got in on these tokens early would have made some gains. Unlike those tokens, BWB has utilities: staking, launchpad, launchpool, and even airdrops from Bitget onchain layer. These features could  more enable holders and potentially drive up the price.

The launchpad begins on June 6th according to the information OP shared, and you can stake BGB to earn BWB. That's something I'll look into.

[VicManton]

Crypto exchange token are already established in the market. Investing in them and accumulating more will be wise decision than going after a new wallet token. Atomic wallet has a token AWC, you can check its overall performance in the market and then you can compare it with some of the exchange tokens to come to a conclusion. Atomic wallet's security got compromised that means the risk of hack is still present with wallets.

Every token is generally driven by the rate at which they are used and what they are used for, and I will agree with you when you mention wallet tokens, because I have seen them do well when they are used for Launchpads, just like in the case of BWB wallet of Bitget. It could be useful on both the exchange and in the wallet as well, giving it a great edge over some other altcoins without much use out there.

[Tipstar]

I guess crypto exchange tokens in general would be more successful as they can have more utility as crypto exchanges provides various services and in high volume. Wallets are specially for receiving, storing and sending money, there's not much money making or utility there except occasional swap which also is used by smaller number of users.
Exchanges provides more options not just limited to spot exchanges. There can be out of box utility on different exchange tokens or wallet tokens that may also classify them as something different.

[Dunamisx]

Either of the ways, we must be very vigilant once its all about tokens we are dealing with because they are very volatile and can be unpredictable, but what i will like us to first put into considerations is on how we can make use of the findings generated concerning them as a leverage point to how satisfactory we become about the existence of any crypto project or token, we must never forget that there are many of them out there and all cant be reliable to that extent.

[Sayeds56]

Choosing the best cryptocurrency to buy often requires a comprehensive approach, considering factors like market cap, liquidity, fundamentals, community, ecosystem growth, etc. I just got into a fix trying to figure out the smartest pick for my portfolio whether to go with an exchange token or a crypto wallet native token.

I know in theory, a crypto wallet is often considered better than an exchange in terms of security because it gives one complete control over their private keys and funds while exchanges are more convenient for trading. However, they offer greater risk because they control one's keys when their assets are on the platform.

Following the recent BWB Airdrop, and the anticipated launchpad on Bitget which is the platform's first launchpad of 2024, would you consider investing in the wallet token or opt for BGB, the exchange token itself which is becoming more established?

See details: https://cryptopotato.com/bitget-wallet-token-bwb-makes-debut-on-the-bitget-launchpad/

I would be glad to read your opinion on these.

Choosing a cryptocurrency for long term requires through research of its potential to market its use case, the team behind this project and credibility of their projects launch in the past. Investing in native tokens is not bad idea but their performance primarliy depends on the performance the exchange who is backing them, BNB and KCS are good examples of native token with impressive historical record of performance when supported by exchanges. Both of these coins can be considered for investment. DYOR

[electronicash]

exchange token is somewhat like being manipulated. if it's still alive in the memory of the crypto traders, FTT went down from $73 to less than $1. so if an exchange like Bitget suddenly just comes out of nowhere and then adds lots of coins, it wouldn't be crazy to believe this is something the same as FTX.

and then the coming regulation/bill that crypto wallets going to be asking for KYC, it might just be a warning to you before considering to use the wallet.
this makes me think of just using the one exchange where i have submitted my data.

[jacafbiz]

New exchanges and Wallet coming to the space will find it very difficult to gain traction because in my opinion the exchanges and wallet market are saturated already and this is what I observed now, exchanges are eating into the wallet business because most of them are integrating wallet into their exchanges directly. I believe exchange tokens like BNB should be more valuable than Ethereum and I believe with time market will realize this

[mbakruroh]

Choosing the best cryptocurrency to buy often requires a comprehensive approach, considering factors like market cap, liquidity, fundamentals, community, ecosystem growth, etc. I just got into a fix trying to figure out the smartest pick for my portfolio whether to go with an exchange token or a crypto wallet native token.

I know in theory, a crypto wallet is often considered better than an exchange in terms of security because it gives one complete control over their private keys and funds while exchanges are more convenient for trading. However, they offer greater risk because they control one's keys when their assets are on the platform.

Following the recent BWB Airdrop, and the anticipated launchpad on Bitget which is the platform's first launchpad of 2024, would you consider investing in the wallet token or opt for BGB, the exchange token itself which is becoming more established?

See details: https://cryptopotato.com/bitget-wallet-token-bwb-makes-debut-on-the-bitget-launchpad/

I would be glad to read your opinion on these.

Are you looking for a wallet security comparison with exchanges? Or are you looking for tokens to invest in?
If you compare the security of an exchange with a wallet, of course the wallet has full control over the user, but you also need to research the level of trust in the wallet.
But if you are looking for a token to invest in, of course if you have confidence in the token, you can buy and transfer it to a trusted wallet.
Actually, life is simple, but looking for ways to make this life complicated.

[Mate2237]

CEX tokens are probably much better because when you use them in that said CEX, you're guaranteed some perks like no transaction fees or they might even include you in their promotions if you use their tokens so I think that they're much more superior to Crypto wallet tokens in that way, by the way, this is also the first time that I've heard or read of crypto wallet tokens, can someone explain a little bit about them because I'm not really familiar with them and are there like any kind of example to check out.

Thee only time there is on transaction fee in the CEX is when you are making a transaction within the exchange as internal transaction but if you are making On-Chain transaction then you have to pay for the Blockchain transaction fee but there are some CEX takes lower fee while so.e high. So you have to look for the one foe the lower transaction fee. And if anyone is investing in cryptocurrency, it is better for the person to invest in wallet token than to invest in exchange token. Exchange token is centralized and wallet token is decentralized.

[btc78]

Crypto exchange tokens can be a very attractive investment opportunity for investors and users of the platform. It’s attractive because it is already an established platform and therefore not as risky as the rest of the investment options.

Though you’d need to be careful as exchange tokens rely on the exchange’s performance and reputation. If a negative news come up with an exchange, there’s a chance that the token plummets.

[Ben Barubal]

     I use them both, as long as the exchange depends on the trust and belief you have, and I also have trustwallet and klver. Of course, either of those two still has a risk, but even so, just make sure it's reputable, and that's the same as Binance, Bybit, Okx, and Bitget.

     That's why, as long as possible, just buy a hardware wallet where you can save other top altcoins, so at least you don't have to worry about your assets that are in crypto wallets and
exchange wallets.

[MRY]

Choosing the best cryptocurrency to buy often requires a comprehensive approach, considering factors like market cap, liquidity, fundamentals, community, ecosystem growth, etc. I just got into a fix trying to figure out the smartest pick for my portfolio whether to go with an exchange token or a crypto wallet native token.

I know in theory, a crypto wallet is often considered better than an exchange in terms of security because it gives one complete control over their private keys and funds while exchanges are more convenient for trading. However, they offer greater risk because they control one's keys when their assets are on the platform.

Following the recent BWB Airdrop, and the anticipated launchpad on Bitget which is the platform's first launchpad of 2024, would you consider investing in the wallet token or opt for BGB, the exchange token itself which is becoming more established?

See details: https://cryptopotato.com/bitget-wallet-token-bwb-makes-debut-on-the-bitget-launchpad/

I would be glad to read your opinion on these.

Are you looking for a wallet security comparison with exchanges? Or are you looking for tokens to invest in?
If you compare the security of an exchange with a wallet, of course the wallet has full control over the user, but you also need to research the level of trust in the wallet.
But if you are looking for a token to invest in, of course if you have confidence in the token, you can buy and transfer it to a trusted wallet.
Actually, life is simple, but looking for ways to make this life complicated.

Exactly, exchanges have their own policies regarding the wallets they use, so when you want to make a long-term investment, make sure you can store it in a safer private wallet. If you store assets in an exchange, it is very dangerous because we don't know whether this exchange will still exist in the future or not.