Topic: Exchange or Wallet? - page 112. (Read 8740 times)
I think you can keep your assets in big trustable exchanges.ı hold my assets at binance and bittrex also I got wallet but I hold big amount on there
I think it is best to keep your funds in your exchange wallet . Tho you should be careful on which exchange site you are going to store it . Make sure they have a good reputation or background on their security . I mean , no history of being hacked for long term . It is good practice to keep your funds in exchange site if you are a constant trader .
Keeping it in the wallet - This is good only if you want to withdraw or convert your balance into paper money . I mean , wallet can be stolen . hacked . If you have a hardware wallet then its the best option if you just want to protect your funds .
So it still depends on what purpose you want . If your a trader then keep it in your exchange wallet , because if you keep transferring your funds into your wallet , problems may come up like slow/high transaction fees . And during dips , you need your fund to be readily available always . On the other hand , if you just want to secure your $$ then like i said a hardware wallet is the bext option for that .
Keeping it in the wallet - This is good only if you want to withdraw or convert your balance into paper money . I mean , wallet can be stolen . hacked . If you have a hardware wallet then its the best option if you just want to protect your funds .
So it still depends on what purpose you want . If your a trader then keep it in your exchange wallet , because if you keep transferring your funds into your wallet , problems may come up like slow/high transaction fees . And during dips , you need your fund to be readily available always . On the other hand , if you just want to secure your $$ then like i said a hardware wallet is the bext option for that .
This is a somewhat self explanatory exception to holding coins in a wallet you control. Of course if you trade frequently, then it makes sense to store your funds on an exchange - it's the only way you can trade on centralized exchanges and the risk of the exchange disappearing with your funds is one you have to take into account as a trader.
The alternative is moving to a decentralized exchange - where you can still trade but control your funds.
it depends on our needs if to trade I think is the most comfortable exchanger wallet because coin is available, but for investment is trezor wallet that is very precise and safest for your assets from a thief attack.. and for my tokens using my edo or myetherwallet it matches
If your intentions are that you want to continue trading that day when your coins are on exchages then it is okay to be there for a short period. Holding your coins is the safest on your wallet.
keep your coins in your wallet is the best way to keep your assets safe
and i recommend you to keep it in hardware wallet such as trezor or ledger nano s
and i recommend you to keep it in hardware wallet such as trezor or ledger nano s
If you have only small amounts of coins or trade every day I think that exchange will be the best choice. If not, better keep your coins on wallets, someone can rob an exchange and you will not receive any compensation for your lost earnings.
depends on how many coins / value you have cause some coins has higher withdrawal rate and if you have only couple of coins on hold its not worth to pay the withdrawal fee for example you have 20pcs VENCHAIN at Binance ven withdrawal is 2Coins its not worth to throw 2
The best is to keep your coins in the wallet, the wallet you control your own private keys to the fund, the funds on the exchnage is not yours, exchnage can close down. get hacked or even hold your fund the way Bittrex did to some people recently
Exchange is very convenient for trading as your coins are readily available when needed. Wallet is a better option for long term investment plan with an intention to hold.Wallets especially hardware wallets are safe and gives you control of what happens in them.
Keep some money on the stock exchange, some of the money on a cold purse. Situations are different, hackers, special services, scammers. That is it. If you are long term holder, don't keep it in exchange. Keep it in wallet, the best is hardware 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
The only good thing in keeping your coins in some exchange site is that, if hard fork was happen during your coins is in exchange site, you can get another coins but it is different from your old coins. While if you open a wallet for each coin, it is safer than keeping all your coins in only one wallet. Many wallet account are too much expensive in sending gas for trading and transaction that's why I have only few wallet accounts.
To hold a long coin I chose a wallet because it is safer. Even though it takes time to sell, I still prefer wallets.
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
For long term and hold I suggest cold Wallet, if you would like to trade then Exchange
another possibility is splitting, part on Wallet part on Exchange
I use Trezor and Ledger for Bitcoin.
Other cryptos I hold on Yobit. Sometimes Yobit opens Investbox for Waves, Eth, Doge. It's a good place not to trade, but hold and earn some interests.
Other cryptos I hold on Yobit. Sometimes Yobit opens Investbox for Waves, Eth, Doge. It's a good place not to trade, but hold and earn some interests.
I think it is best to keep your funds in your exchange wallet . Tho you should be careful on which exchange site you are going to store it . Make sure they have a good reputation or background on their security . I mean , no history of being hacked for long term . It is good practice to keep your funds in exchange site if you are a constant trader .
Keeping it in the wallet - This is good only if you want to withdraw or convert your balance into paper money . I mean , wallet can be stolen . hacked . If you have a hardware wallet then its the best option if you just want to protect your funds .
So it still depends on what purpose you want . If your a trader then keep it in your exchange wallet , because if you keep transferring your funds into your wallet , problems may come up like slow/high transaction fees . And during dips , you need your fund to be readily available always . On the other hand , if you just want to secure your $$ then like i said a hardware wallet is the bext option for that .
Keeping it in the wallet - This is good only if you want to withdraw or convert your balance into paper money . I mean , wallet can be stolen . hacked . If you have a hardware wallet then its the best option if you just want to protect your funds .
So it still depends on what purpose you want . If your a trader then keep it in your exchange wallet , because if you keep transferring your funds into your wallet , problems may come up like slow/high transaction fees . And during dips , you need your fund to be readily available always . On the other hand , if you just want to secure your $$ then like i said a hardware wallet is the bext option for that .
It is of course not good to put your coins on exchange wallet unless you are ready to trade every day but if you aren't and just want to hold, you are putting your coins in danger. There is no safe place unless its going to be in a wallet that you hold the private key. This is the most important of all that someone in the crypto should put in their minds. As a matter of fact we discourage systems that asks our private key as its like giving a password.
In my opinion, it is better having a hardware wallet like nano s or Trevor. Keeping your coins over there. If you need ERC20, both of them supports it and can connect directly to MEW.
It is never a good idea to put money on the exchanges, as some of them get hacked, sometimes they don't let you withdraw, and usually they hold the private keys.
It is never a good idea to put money on the exchanges, as some of them get hacked, sometimes they don't let you withdraw, and usually they hold the private keys.
I think it is best to keep your funds in your exchange wallet . Tho you should be careful on which exchange site you are going to store it . Make sure they have a good reputation or background on their security . I mean , no history of being hacked for long term . It is good practice to keep your funds in exchange site if you are a constant trader .
Keeping it in the wallet - This is good only if you want to withdraw or convert your balance into paper money . I mean , wallet can be stolen . hacked . If you have a hardware wallet then its the best option if you just want to protect your funds .
So it still depends on what purpose you want . If your a trader then keep it in your exchange wallet , because if you keep transferring your funds into your wallet , problems may come up like slow/high transaction fees . And during dips , you need your fund to be readily available always . On the other hand , if you just want to secure your $$ then like i said a hardware wallet is the bext option for that .
Keeping it in the wallet - This is good only if you want to withdraw or convert your balance into paper money . I mean , wallet can be stolen . hacked . If you have a hardware wallet then its the best option if you just want to protect your funds .
So it still depends on what purpose you want . If your a trader then keep it in your exchange wallet , because if you keep transferring your funds into your wallet , problems may come up like slow/high transaction fees . And during dips , you need your fund to be readily available always . On the other hand , if you just want to secure your $$ then like i said a hardware wallet is the bext option for that .
There have been several exchanges being hacked, but your wallet can also be hacked. It really depends on whether you feel safer keeping it in your own hands or the exchange. Also if you are willing to trade you coins often, exhange might be a better idea.
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
Personally, I'm in favor of wallets if you will hold your coins. It's safer to store coins in wallet. Sites can be hacked unlike wallets. Exchange sites are prone to hackers. You just have to keep your private keys. Don't lose it or else you won't have access to your wallet anymore. Say goodbye to your coins. But keep your coins on exchanging sites if you will trade immediately. 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
Of course, you should use wallet in your device.
If you store in wallet, your coins are safe. There is only one cons- You can't have instant access from other places if you use a desktop wallet.
If you use exchange, you can have instant access of all of your coin in one place but it is risky.
If you store in wallet, your coins are safe. There is only one cons- You can't have instant access from other places if you use a desktop wallet.
If you use exchange, you can have instant access of all of your coin in one place but it is risky.
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