Exchange or Wallet? - page 131. | Bitcointalksearch.org

ufaiz50

hero member

Activity: 1666

Merit: 502

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

I think it depends on what altcoin is used for, I keep cryptocurrency in the wallet because it is always doing the transaction and in the exchanger for trading, transaction fee in exchanger is very expensive compared to the wallet.

derdemo

jr. member

Activity: 115

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If you don't want to waste money, you must keep crypto in cold wallets. Maybe exchange good way for easy and fast to use. On exchange just keep a little money, which you need for transactions.

selline

sr. member

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for me to protect all we get is with us on our personal wallet storing will be very guarded and protected the safer course is very important so we recommend that you do not let other people know the private key will be if this Note it will be undesirable happens all we have will be lost so are expected to always save the keywords on my wallet only we know

nata777

full member

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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

I think it all depends on your goals,for traders is better on the exchange, and for holders of course it is better to create wallets, since the exchange is not insured against burglary. I have such an opinion.

Icch

newbie

Activity: 21

Merit: 0

Best of all is not to store your coins at an exchange, just google btce.com or other examples. But if you want to daytrade,choose a trusted exchange and enable all securities.
If you really want to secure your coins, get an Hardware wallet or paper wallet and don’t use online wallets.

realsmans

member

Activity: 196

Merit: 10

Transforming the Global Shipping Industry

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 it is better to hold money on wallets, different wallets, choose 3 and share between all. On exchange only keep money for trading, and nothing else.

CuteBaby123

jr. member

Activity: 196

Merit: 3

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 want to do trading and make your coins active and growing, go for exchange. If you want to hold your coins and wait for the right moment to sell them, go for wallet. Wallet is for storing your coins. Exchange is for moving up your coins. If you have several coins in your wallet you can actually trade some of them and choose which ones can be traded in exchanges.

alexeylom

member

Activity: 336

Merit: 10

As for me it's better on the purse. For me, plus a purse in that it is more protected. Yes, probably for me it is the most important factor, all the same to withdraw money from the exchange easier than from the purse itself. A lot of people say that it is better not to store on the stock exchange

Bttzed03

legendary

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https://bitcoincleanup.com/

Personal wallet always. As they say, if you do not have the private key, then it's not your coins/tokens.
If you are looking for a quick sell, then I think it's fine to let them on exchanges then cash out.
But for the purpose of keeping and security, always store them in your personal wallet.

kingvirtus09

full member

Activity: 868

Merit: 108

Quote from: gustavroy on February 18, 2018, 05:40:25 PM

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

But buddy don't ever try to save big amount of tokens in a big exchange you may ended up lose all your funds. But if you have small amount of tokens then probably you can save your tokens there. Always remember keep it short and simple.

efey39

newbie

Activity: 266

Merit: 0

The two most important things in the world of crypto money are exchange and wallet. It is important to be able to sell exchange sites instantly. but the reliability levels are specific. The wallets are more reliable.

gustavroy

full member

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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

Andre#

hero member

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Merit: 500

Quote from: flower1024 on February 16, 2018, 11:39:36 AM

Quote from: xiaohang07 on February 16, 2018, 11:33:03 AM

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 got something like over $100K worth of coins, you should put your coins in a hardware wallet like ledger. If you only got $1000 worth of coins, I would say it is safe to store them on exchanges.

Ledger is the safest wallet to save your cryptocurrencies. you have any plans to hold it for a long time then keep your coins in this wallet. or if you can hold for short time then use the personal wallet for each coin. but keeping your coins in exchanging site is risky, high chances are there to lose your money. I will not prefer this to anyone.

If you are a cryptocurrency user, you must to know the concept about blockchain and decentralized network.
HODL coin on exchange or online wallet are against the concept of decentralized network, it makes this network becomes centralized normal of the monetary system.

Ompyon

full member

Activity: 715

Merit: 102

preferably a personal wallet because its safety may be safer because the function of the wallet is to store the coin that we have, if we keep it in the exchanger it seems less secure

balrog

member

Activity: 448

Merit: 37

Exchange gives you an opportunity to trade your coins faster and without additional transaction fees. In addition , I see a lot of topics , where people crying they loose money on their wallets , because they got fished . If exchange have a 2FA , such users will receive more protection in compare with a traditional wallet and manner they use it . While using a wallet user does not depend on a exchange status , which means he will not suffer if exchange is a scam or they just will be hacked .

matsusomoto

member

Activity: 182

Merit: 10

They are very differnt to each other exchange's wallets are not created to hold your coins because if you wont trade your account might be suspended if you are just using it as a wallet,which gives more risk of losing your money because these exchanges are very prone to these hackers unlike to your wallet you are personally responsible in your security.

AyaYotoko

full member

Activity: 183

Merit: 100

If you hold a huge worth of coins and are into security it is really better to just have wallet for each coin you have.
If you are trading often you may put some portion of your coins in exchanges so it will be more convenient for you to trade back and forth.
Just don't forget to withdraw your profits/earnings to a much reliable wallet. Exchanges are not secured so just deposit only some portion for trading purposes.

h55

member

Activity: 210

Merit: 11

of course, the wallet is better than exchange for holding. If you hold ur coins in exchanges ur money will be at risk, see some exchanges clients messages in twitter then you can see wallet is very safer than exchanges.

kakawin

full member

Activity: 308

Merit: 100

Quote from: blozo on February 16, 2018, 11:35:46 AM

Safest option to store your coins long term is a hardware wallet (like the Ledger Nano S). You can then keep a small part of your coins on the exchange for trading if needed

There are some coins then that are not supported by hardware wallets yet (like IOTA,Monero ,Lisk,etc...). For them, you need one wallet for each coin and it can be tricky (for example IOTA wallet is still not really stable). Other option is to keep them on the exchanges but is not 100% safe since they can be hacked

I agree that keeping coins on the exchange is very unsafe. Crypto exchanges very often hack and steal coins. Coins must be on the stock exchange only for the period of time necessary to complete the transaction. After selling or buying a coin, you need to transfer it to your wallet.

flower1024

legendary

Activity: 1428

Merit: 1000

Quote from: xiaohang07 on February 16, 2018, 11:33:03 AM

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 got something like over $100K worth of coins, you should put your coins in a hardware wallet like ledger. If you only got $1000 worth of coins, I would say it is safe to store them on exchanges.

Ledger is the safest wallet to save your cryptocurrencies. you have any plans to hold it for a long time then keep your coins in this wallet. or if you can hold for short time then use the personal wallet for each coin. but keeping your coins in exchanging site is risky, high chances are there to lose your money. I will not prefer this to anyone.

Topic: Exchange or Wallet? - page 131. (Read 8740 times)