This Is a question really easy to answer. I think also that this Is a basis about innovation bring by Bitcoin and the blockchain. There Is a simple motto "not your keys, not your coins". And you can understand why exchanges are less secure then cold wallet.
Great resource below...
Visit https://glacierprotocol.org/assets/glacier.pdf you will find the state-of-the-art guide on how to setup your cold wallet...so cold that they call "glacier"!
Topic: Are cold wallets safer than online exchanges? - page 5. (Read 525 times)
If you had a large amount of cryptocurrency would you prefer to keep it on an offline cold wallet or an online cryptocurrency exchange?
It depends. Am I using that money to trade? If not then I wouldn't want to hold my coins in an exchange as they are only recommended primarily for trading not holding. So if I had a large sum of bitcoin, I'd put it in a cold wallet safely secured somewhere that no one would know. However I'd still leave some coins in a wallet located on my phone for emergency purposes as they are more convenient. 
It's not a pro and con but you keep large assets in a cold wallet so you have control over them, whereas if you keep them in an exchange then the exchange owner will control your assets.
I'm sure the majority of forum users here would advise you to use a cold wallet because it's safer, storing on an exchange is full of risks where the exchange can go bankrupt at any time.
One last message for you to read. Reminder: do not keep your money in online accounts
I'm sure the majority of forum users here would advise you to use a cold wallet because it's safer, storing on an exchange is full of risks where the exchange can go bankrupt at any time.
One last message for you to read. Reminder: do not keep your money in online accounts
Yes, cold wallets are much more safer than storing them in exchanges, if you can imagine what I'm describing to you then you'd understand, picture cold wallets as something like safe in your house, you can store anything in that safe and only a handful can open it without forcing the safe to get to the inside and exchange wallets are like those informal lending that's organized by a group of your acquaintance in your work, they may say that it's safe but there's really nothing that's stopping them from running away with the money or risk the money being stolen because of a thief. So based on how I've described it, it basically means that your cold wallets might be the best thing for storing your bitcoins, just don't forget about how to access them or you'd end up like that dude that's suing the landfill because he can't find the laptop that contains a lot of bitcoin but I digress.
Always remember these saying: "Not your keys, not your coins."
Always remember these saying: "Not your keys, not your coins."
If you had a large amount of cryptocurrency would you prefer to keep it on an offline cold wallet or an online cryptocurrency exchange?
If I had large amount of a cryptocurrency I would always keep that in a offline cold wallet with an air gapped system. There's no point to keep your cryptocurrency at an exchange unless you're a full time trader. Even traders keep their investment in cold wallets and anyone who knows about Bitcoin and cryptocurrencies would prefer a cold wallet over an exchange's wallet.
If you had a large amount of cryptocurrency would you prefer to keep it on an offline cold wallet or an online cryptocurrency exchange?
Both have pros and cons.
I'm interested to hear the thoughts of others.
Both have pros and cons.
I'm interested to hear the thoughts of others.
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