Topic: Exchange or Wallet? - page 118. (Read 8740 times)
My opinion is that if you only trade, then you basically do not need a purse, but if you just invest some money, then you do not need a stock exchange, but you need a purse. In general, I do not see any problems in having a stock exchange and a purse.
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
it depends on you goal.
if you are a long bag holder better keep it on wallet better if external like ledger nano or trezor because it is much safer there because it is not connected to the internet and it is not prone to hacking
if you are a day trader, it is preferred to have it on exchange because it is a big hassle on you to transfer in and out.
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
Commonly, To keep your coins in your own wallet is best choice (for safe). Keeping your coins in Exchange and Open Wallet has both pros & cons.
Keep in Exchange:
- You dont have the private key.
+ Easy to use
+ You can buy/sell your coins instantly
Keep in Open Wallet
+ You have the private key
+ You cannot buy/sell it unless you send it to an exchange
Definite wallet.
In fact, there's a new zerocoin wallet at zoin.
You can check it out at www.zoinofficial.com
In fact, there's a new zerocoin wallet at zoin.
You can check it out at www.zoinofficial.com
wallet is definitely a better option.
Maybe you should save your coins in the wallet, in addition to safer and minimize the risk of hacking. If you are a daily trader, you can keep your coins in exchange too.
having some wallet or saving coins on one wallet will make it easier for us to monitor coins and lower costs but it would be very risky if the wallet is problematic for that I think saving some altcoin on the exchange will help secure our coins even though it will require additional cost
I keep a minimum of coins on an exchange that I use for trading.
Because an Exchange could go offline or could be hacked.
It is always a risk!
Because an Exchange could go offline or could be hacked.
It is always a risk!
If you don`t plan to trade them, then is better not to keep your coins on any exchange. Indeed, if you have many different coins, it`s more convenient to keep all of them in a single place, but you have complete control over your funds only if you keep them in your wallets. Obviously, a hardware wallet would be the safest choice.
If you wanna to hold for long term my advice is to keep private keys somewhere safe. Keeping your holdings in exchange can be big threat against your expectations regarding selling them for profit after some time
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 going to hold you tokens choose wallet and If you doing bounty campaigns, you must use wallets. Because of bounty programs request wallets rather than exchanges. But If you going to trading, just use exchanges. my personal advice is don't hold your coins/tokens in exchanges. use wallets for that.
To save your fund you should always put them in a wallet. Exchanges are only for trading. Do your trades then send directly to 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
Well if you really want to do day trade or short term trade ofcourse exchange would be the best to store because of the fees. But if you are planning the for long term hold of your coins well you have to store it on their specific wallet and take note you will be rewarded if they have any airdrops.
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 depends on you, you are free to do whatever you want. I f you want to hold your coins choose some wallet to stored your coins, but if you really want to tread your coins special to those eth token definitely you better to choose exchange, because if are going to stored your coins in exchange and you want to hold it you need to take the risk, its because is very risky like some people said, so be careful to your money because now a days there are a lot of hackers and scammers.
Good luck to your journey here in the crypto world.
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
I suggest to you if you want only to keep your coins choose your wallet it is risky to keep in exchanger site. because if the site got hack your coins ill be lost. so keep it in your wallet..
The direct purpose of any exchange is the conversion of one coin into another. If you keep coins on the exchange then you use it for other purposes - trading, pump&dump, etc... But this is not the main problem. The main thing is that the storage of coins on exchanges is very dangerous, because at each exchange hacker attacks are committed. It's much more reliable to store coins in cold or hardware wallets.
For me the better is to keep them in exchange as it would save you all the fuss about transferring it from your wallet to exchange. Well it really depends on what your intentions or your plans are. If you want to become a trader then its useful to keep some of your coins in the exchanges to improve your knowledge. Always be careful on any action you make because now in our time its to risky whatever you want to do always think of it for many times before you decide.
If you actively trade with your coins then you should keep them in exchange as it would save you all the fuss about transferring it from your wallet to exchange and vice versa but if you want to just invest in a coin and keep it for long term then you should use wallet as wallets are safer than exchange because exchanges get hacked many a times.
Keep your tokens that you want to trade in the exchange, moving them to and from your wallet will incur fees. Those that you decided to hold for long term, put them securely in your wallet.
Would it affect your life in any significant way if you woke up tomorrow and the coins were gone? If yes, just purchase a hardware wallet and store everything there. I'm not too worried with only ~$400 invested right now but as I pile in more mining income I'll be moving everything off the exchanges.
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