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
Topic: Exchange or Wallet? - page 132. (Read 8740 times)
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. 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
Don't store your coin on exchange if you're not a daily trader, send all your coins to personal wallet such as hardware wallet, exchange just for bought coins
It depends what you want to do if you are daily trader then dont think you need sent them to wallet everyday then to exchange if you are long term Hodler then yes you need keep them on Wallets.
If you prefer to trade actively , so it does mean to make transactions every hour or even minute , is more convenient for you to keep your means on exchanges, because the rates are not static, and you don't need your computer to go to your wallet, you can do it with any device with internet access. But in this case you need to allocate funds to several exchanges, to lower the risks.
To do better is to save the tokens that have been obtained on the wallet that we have, by observing the token price, before entering into the exchanger. I think it's like that.
If you are not even withdrawing your tokens into btc and into fiat or you are not trading them, you have no business with the exchange. At least, it is better to keep seeing your funds growing in your wallet where you have the private key of the wallet in a safe place, than sleeping with one eyes opened if you are leaving your funds in an exchange. Once you have no private key to your funds, you do not have any of those funds. They are not yours until you withdraw them to a more secured controllable 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
are you still trading?or just wanted your coin to be safe?if trading is your war of earning here in crypto better to keep your funds in exchange because its too expensive transfering from exchange to wallet and wallet to exchange everytime you need to profit.since thats the way it must be for proper positioning.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
But if you want to keef it safe and to gain for long term so theres no best way but to put it in wallet and let there until the time you wanted to claim your funds,and better keep it in different wallets for more security purposes.
The answer for your question should be overwhelming and that should be "personal wallets". Never ever leave your coins for a long span of time in an exchange. By doing that, you are just risking your coins to be stuck with that exchange when the company managing them goes south. You can sift through the history of cryptosphere and you'll be able to sight several instance where exchanges closed its doors to the public together with the coins deposited in them. Some of them turned into scam and some of them get "hacked".
The only way for you to take care of your coin is to store in a personal wallet (downloaded into your desktop/laptop) or by buying hardware wallets. You have the sole control over your coins if you do this and that's what you want to do in the first place. Never entrust your coin to anyone, not even in exchanges.
The only way for you to take care of your coin is to store in a personal wallet (downloaded into your desktop/laptop) or by buying hardware wallets. You have the sole control over your coins if you do this and that's what you want to do in the first place. Never entrust your coin to anyone, not even in exchanges.
I think it's quite risky to leave your funds on exchange. Having them on the hardware wallet will be much more safer.
I don't think it is a good idea to keep any funds you don't need for daily use in exchange. Exchange is for trading, wallet is for storing, in my opinion.
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's good to store your funds on exchanges if you always do some short trade. So far the exchanges I've used and I know that my funds are secured are Bittrex and Binance. But wallets are more secured if you plan on storing for long term plus also you will receive their airdrop if they have any.
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 trading, better to keep your coins on an exchange of course since not every coin have their own wallet. The advantage of keeping your coins in an exchange is you can buy different altcoins here which you think is good and has a great chance that will increase its value after a certain period of hodl time.
If you are someone who doesn't want to do anything and just a passive investor, you can keep your coin in a wallet. It is like depositing your money in you local bank which also gains interest depending on the value of your coin in the crypto market.
The cons of both storage (exchanger/wallet is they are both prone to hacking. So be careful on this and only invest what you can afford to lose.
Yes you are right exchange was good to investing and trading but as you said that have own wallet and that was the storage of your coins that you earning in investment and trading so what is the difference between of that. I think even thou you are storing your coins in wallet that was also earning because the value was not stable and anytime it change so you are also investing if I'm not mistaken.
There is no doubt that the best way to keep your coins is the wallet, which private keys will have only you. In exchange you should keep only coins which you want use for trade. And don't forget to withdrawal your profit. Because any exchange can be hacked at any moment.
It happened to me in the past, almost all the coins were on the stock exchange and it was hacked. It was very sad, I was so upset that I had not been engaged in crypto currency for several years. 
if you want to save in the long term, you have to wear wallet, if you keep it in exchange I am afraid to happen if the exchange is closed or scam you will regret lose your money 
There is no doubt that the best way to keep your coins is the wallet, which private keys will have only you. In exchange you should keep only coins which you want use for trade. And don't forget to withdrawal your profit. Because any exchange can be hacked at any moment.
a wallet fir sure! though make sure its safe and secure !!
Storing coins in your wallet is more secure and safe. Therefore, I would recommenduse the stock exchange adress if you trade often. If long-term, it is better to use a wallet I think.
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
Since I am not a trader I keep all my coins/tokens on wallets that I have full control of course because I felt relieved once I know all my funds are in a safe place. Keeping and hodling funds on exchanges is just like you are giving them a chance to have it and take note it is not just a chance because based on my friends experiences their funds were stolen and some other exchanges issues occur during withdrawal so I think everyone should be cautious about storing coins/tokens on exchanges. Only store funds when you are planning to sell it so that risk is lower. Regarding wallets, the only thing that is a problem is when the time you forgot and lost your private keys so better keep those keys in a safe fireproof, waterproof and weatherproof invironment to ensure it will still be okay when you need it. Hardware wallets are good too but I think it is a bit pricey. 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 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
In my own opinion, the best place to keep your altcoins is on the wallet while bitcoins should be placed on exchangers. There are two reasons why i separate those coins individually, i trusted myetherwallet to hold my ethereum coins and i also prefer liqui.io to hold my bitcoins, it was actually depends on the people where he/she is comfortable to place his/her coin.
I keep a large sum on Kucoin. Since from this I receive a part from the coins sold at the exchange.Is it good & profitable? Yes, it is profitable. Is it safe? No, definitely, it's not safe. Since vulnerabilities are found every day and hackers work without closing their eyes. In the hardware purse, in any case, should be the investment that you value and do not intend to sell in the near future.
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