Exchange or Wallet? - page 130. | Bitcointalksearch.org

Meycell

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Activity: 602

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Quote from: Janinjo11 on February 12, 2018, 01:55:57 PM

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

of course wallet because wallet is more safety, for exchanger is more simple but i'm afraid because exchanger prone with hacker
and now many people make phising exchanger to crime

so if you want to invest my suggest is saving in hardware wallet

ardyology

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Any sane coin holder would choose to have a hard wallet for safekeeping. The reason is simply because you control your own private key which is a lot secured than those exchange sites. Also, during hard fork of particular coins, your hard wallet will just need some updating and you will be able to gain the forked coin. But it also depends on your preference, if you are going to use your coins on a daily basis say for trading purposes and then convert it into fiat for your daily expenses, then I suggest have your coins stored in an exchange site for easy liquidation.

plr

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Quote from: Janinjo11 on February 12, 2018, 01:55:57 PM

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

If you are active traders it's ok to put some of your coins in exchange, but if you are a long-term holder then the wallet is your best choice, but do not put the majority of your coin in exchange, we have seen a lot of complaints on exchange, being hacked or compromise, so play safe wallet is still preferable.

jrrsparkles

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Quote from: Janinjo11 on February 12, 2018, 01:55:57 PM

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

Keep your coins in exchange if your are a trader because it will save the deposit and withdrawal fee so you can get more profits but it is risky to store it in the exchange since the chances of getting hacked is more.
Keep you coins in wallet if you want to keep your coins securely for long term but some wallet don't have custmoizable fee so the fee will be high if the high traffic in the blockchain.

SoulEaterRR

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Quote from: Janinjo11 on February 12, 2018, 01:55:57 PM

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

Of course, the wallet will be more effective, you can choose a multicurrency one. For the exchange, coins are used that you do not have for long and you want to get a quick profit from the pump. But keep in mind that online wallets are not the best choice.

cpoer2011

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It depends what do you want it to do. If you want to trade the coins you use an exchanger wallet but if you want to hold your coins for long term period you can use PC Wallet. Please be careful if you want to use an exchanger wallet, you better find a good exchanger because some exchanger has a problem with transaction or complain etc. The best is using PC Wallet because you are fully take control your wallet.

styca

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Activity: 1078

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Quote from: Janinjo11 on February 12, 2018, 01:55:57 PM

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

Wallets are generally a better idea for long-term. But for anything that you are trading, obviously keep this on an exchange.
I would say the best advice is to spread your coins around - several wallets and several exchanges, so that you are protected if one exchange gets hacked or if you lose one wallet private key.

denny27

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Basically for me personally I don't too concerned about exchanger site for my wallet especially for my btc, i'm more prefer to a wallet site to pick for my wallet. And often I keep some coins besides btc in some gambling sites than exchanger site. But maybe someday if I really focusing some of my coins (altcoins) on trading., I might choose on the exchanger site.

anggaem

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Activity: 672

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i'm hold altcoin on exchanger coin because i will sell it when i get profit.
and also i'm hold altcoin on my private wallet (for long term).

twostepsally

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Exchager wallet is not safe. If need to hold coin. You the wall it safe for your coin. But you not some information to other people. It safe for your wallet. If want exchange you charge the wall to exchange wallet. But if change the coin. You know the process before use. It any time to change the price. So check the price day by day. Then you get some ideas.

armakarisma

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I prefer an exchanger to save my digital assets, I am sure it will be much safer because it requires several additional verification times, and there are some customer service that can be contacted if there are any obstacles

Farma

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Leading Crypto Sports Betting & Casino Platform

for now, I keep the coins I have on the exchanger, and that's more practical. although it's a big risk if it's hacked, but, that's practical. I might save 30% in the exchanger, and the rest in the wallet.

the_viper

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Exchager wallet is not safe if you are intending to hold your coins for a long term trading much if you download the main wallet of this coins and put it in safe place and hold it for a long time one year or 2 year then open it.

Chrisjay29

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Activity: 392

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I think putting token or money in a exchanger is dangerous. Because many hacker targeting a exchanger than a wallet. Because exchanger has more money than a wallet. Thats why i choice wallet and if you choice wallet you can transfer your tokeen anywhere exchanger..

jankekek

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Quote from: Janinjo11 on February 12, 2018, 01:55:57 PM

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

For me ! It is better to keep your coins in your wallet that in exchanges because sometimes the altcoins that we are deposit in exchanges are being delist without notificatios so our coins is useless.

amaydel

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Don't put your digital currencies on crypto exchange sites. Only use this crypto exchanges when there is a need to exchange your digital currencies. If you only know that there are many cases of crypto exchanges accused of being a scam or got hacked. It's not so safe to put in all your coins there. So use wallet instead of using the former as your digital currency storage.

wenxop

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Activity: 462

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so that you have them safe and do not lose them for some hacking of the exchange, the best thing is that you have them on your own desktop wallet or on your phone, it is somewhat tedious because if there are many coins they would be many wallets, but it is the safest thing and advisable

deadmousehat

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use both is better. if you just hold coins for short term I think it's no problem to hold in some trusted exchanges to shorten the time so you will never miss a golden opportunity.
and also hold on wallet with private key for coins that you dedicate hold for long term investment.

emmybd

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Activity: 1218

Merit: 112

You can't trust these exchanges, all of these exchanges have been having some problems in recent months. If you want to spend some money then hardware wallet Ledger Nano would be the best. Otherwise, you can use myetherwallet and metamask or exodus.

spongegar

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It depends. If you want to trade then it's best to put your holding in exchange. But if you want to hold you coins then wallets are better. But if i we're you I won't put all of my coins in individual wallets or put all of them in exchanges. I would rather divide them almost in half. Half for exchanges and half for wallets. But then again that is what i would do so i could diversify my coins. An important thing to remember is to really research your wallets or exchanges, I've hear of people having troubles pulling our their earnings

Topic: Exchange or Wallet? - page 130. (Read 8740 times)