You do not control the private keys of the wallet in an exchange, hence the wallets doesn’t belong to you. You are at the mercy of exchanges if one day it closed down and run away with your money. Another cons is whenever there is airdrop or fork, it depend on the exchange whether to give you the free coins or not.
Unless you are trading actively, there is no good reason to keep your coins in exchanges.
Topic: Exchange or Wallet? - page 108. (Read 8740 times)
Exchanges nowadays are not safe. Some of them are closing everyday, some - opening, and your wallet has access only for you in case of right using. So wallet is better IMHO
It depends what you want to do. If you want to trade then obviously an exchange. If you want to hold then wallet is best as you have total control over your assets. You have the keys to access wallet and you can send where you want.Some holders are having problems getting funds released from certain exchangers.
Yeah your right my friend.This two was very helpful to us and it our choice what is comfortable with.For exchange much better when you are a trader. And for wallet also its defined upon your earnings or lets say holdings. I have a question.
What is better? To keep your coins on some Exchange site or to open wallets for each coin?
I would like to hear some advice. What are pros & cons of each option?
Thanks
What is better? To keep your coins on some Exchange site or to open wallets for each coin?
I would like to hear some advice. What are pros & cons of each option?
Thanks
IF you are not a day trader or you are not trading at least once a week then wallet can be fine otherwise use exchanges.
I suppose it depends on your aim. If you are going to trade it should be Exchange. But if you want to HODL it should be wallet
Interesting topic. I read a lot of opinions. For myself, I decided to keep the money in my wallet. The wallet is a safe storage system.
I think all depends on how much coins you have, if you have in 1 coin more than 1k$ then its better to send to wallet, if less than all in exchange.
Exchange and wallet are forms of investment in the crypto market. all have their own effect. Hold the coin tends to grow steadily for a long time or catch the coin to accelerate in a short time to trade. It depends on the decisions and strategies of each person. As long as it is effective to generate profit.
I have a question.
What is better? To keep your coins on some Exchange site or to open wallets for each coin?
I would like to hear some advice. What are pros & cons of each option?
Thanks
So far I only keep altcoins in some exchanges and for btc I save on web wallet and some in exchange too. So far I have not had any problems there, but I once had a problem with poloniex because I could not withdraw funds, but it was already resolved and I left polonix now to prevent similar things from happening. What is better? To keep your coins on some Exchange site or to open wallets for each coin?
I would like to hear some advice. What are pros & cons of each option?
Thanks
depending on which exchange is good for safe storage. because many problems on any exchange are risky in the hack like Etherdelta and idex. but if you want to be safe that is in the wallet by using the ledger system the authentication safest and reliable because it can only be unlocked through ourselves
Wallets are the best for storekeeping your coins. It always was. Although you can always immediately trade your coins if it is stored in exchanges, but the security risk is much higher than when it is stored in your own wallet.
I have a question.
What is better? To keep your coins on some Exchange site or to open wallets for each coin?
I would like to hear some advice. What are pros & cons of each option?
Thanks
What is better? To keep your coins on some Exchange site or to open wallets for each coin?
I would like to hear some advice. What are pros & cons of each option?
Thanks
Its not a good idea to store coins in exchange site because once the exchange being hack, you cannot recover your coin since you are not holding the private key. Just only deposit the coin you are going to trade and once you are done withdraw it to an external wallet that you hold a private key.
This is a complex issue. On the one hand, the wallet is more reliable. After all, only you have a private key from it.
On the other hand, the private key does not guarantee you 100 percent privacy.
Even if you keep your tokens on the exchange, you still specify a private key from the wallet.
On the other hand, the private key does not guarantee you 100 percent privacy.
Even if you keep your tokens on the exchange, you still specify a private key from the wallet.
For me, id prefer for wallet. I used my myetherwallet to stored and hold my tokens in each project ive been joined. Because, i have believe with the projects and coins i have that it will rise. So I advise to store it in wallet 
I have a question.
What is better? To keep your coins on some Exchange site or to open wallets for each coin?
I would like to hear some advice. What are pros & cons of each option?
Thanks
You may know that online money store Myetherwallet is used to store Ethereum copper, BlockChain used to store Bitcoin copper and Exodus used to store more than 15 different types of coin. These e-wallets are now very popular and give the investor a lot of benefits. However, the risk of hackers, trading floors collapsed or the online store hoard is disabled appear more and more. And then the property stored in online wallets of investors will no longer be protected. As the risks appear more and more, there will always be solutions developed to bring about balance. Investors will be looking for a way to stock their coin as an asset. And an application for the implementation of copper coin stock solutions was launched so investors could stockpile money as well as prevent the risk from happening to them, such as cold storage of electricity bills. death Cold wallets are used in non-internet environments, which is why you should use it! What is better? To keep your coins on some Exchange site or to open wallets for each coin?
I would like to hear some advice. What are pros & cons of each option?
Thanks
In my opinion, it is better to store your coins or token in wallet to be secured and to avoid hackers in exchange. Many exchange site that is harmful to the hackers out there but choose an exchange that is secured when it comes to holding your coins or tokens. I think for me, if you do trading you better store your token and coin in exchange to be fast when it comes to trading. When the value of your coins goes pump it is more reliable and faster to exchange when your coins and token is in exchange site already.
You better keep it in the wallet, because when you want to move your coin to another wallet in exchange will be charged more expensive. There are many other reasons why you should choose to keep it in the wallet.
cons of using exchange wallet: you don't have the private key.
Pros of it is: You can trade your coin anytime you want, Lots of listed wallet.
Cons of using private wallet: takes time and effort to transfer your coin if you want to exchange.
pros: you have control over your private key. super safe.
Pros of it is: You can trade your coin anytime you want, Lots of listed wallet.
Cons of using private wallet: takes time and effort to transfer your coin if you want to exchange.
pros: you have control over your private key. super safe.
Its never been safe to hold your coins in exchage. Paper wallets are always safe then exchange wallets.
I prefer to use paper wallets for long term investments. and i use metamask for daily used wallets.
I prefer to use paper wallets for long term investments. and i use metamask for daily used wallets.
The wallet you decide to use will depend on what specifically you want to do at the moment;
For Trading/exchange purpose you will require to use an exchange wallet for example ehterdelta, idex, bittrex etc
for safe keeping of your coin and investing in ICO will need a ERC20 enabled wallet like MyEtherwalltet to keep your Token or else you will lose them using any other wallet that is not ERC20 enabled
For Trading/exchange purpose you will require to use an exchange wallet for example ehterdelta, idex, bittrex etc
for safe keeping of your coin and investing in ICO will need a ERC20 enabled wallet like MyEtherwalltet to keep your Token or else you will lose them using any other wallet that is not ERC20 enabled
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