Wallet is far more better than exchange in my opinion.
wallet is very secure like MyEtherWallet.
Topic: Exchange or Wallet? - page 134. (Read 8740 times)
Very important to know if you take coins for a long hold or constantly trade?
I keep everything in my wallets, because I have a long hold my coins. The advantages of this are that the coins are exactly mine and there will be no problems with the withdrawal from the exchange. Although this is unlikely, it may still be that the exchange can take out coins on a long time or even stop withdrawing. Who played poker, he knows FTP and UB / Absolute, they were giants, but they went bankrupt in ONE DAY.
Cons to keep coins in your wallet. I have few coins, but still have to use etherium, waves, neo. Another big minus. If the market urgently needs all my coins for some kind of operation, then you have to spend time and a few fees.
But I am ready to put up with these two minuses, but be safe, even if a large exchange will not withdraws coins.
I keep everything in my wallets, because I have a long hold my coins. The advantages of this are that the coins are exactly mine and there will be no problems with the withdrawal from the exchange. Although this is unlikely, it may still be that the exchange can take out coins on a long time or even stop withdrawing. Who played poker, he knows FTP and UB / Absolute, they were giants, but they went bankrupt in ONE DAY.
Cons to keep coins in your wallet. I have few coins, but still have to use etherium, waves, neo. Another big minus. If the market urgently needs all my coins for some kind of operation, then you have to spend time and a few fees.
But I am ready to put up with these two minuses, but be safe, even if a large exchange will not withdraws coins.
No reason not to diversify.
Keep some in an exchange so you can quickly sell/trade as needed, and some in storage on a local wallet.
Also, can keep across multiple exchanges to avoid risk, however the exchange fees for transferring can be annoying.
Keep some in an exchange so you can quickly sell/trade as needed, and some in storage on a local wallet.
Also, can keep across multiple exchanges to avoid risk, however the exchange fees for transferring can be annoying.
For long term holding use a hard wallet it is the most secured place you can store your coins. only put on exchange if you will day trade and never login to any other device for extra security. change your password once in a while also and you will be ok.
Depending on how long you will keep it. If you save it only for short term, no matter you keep it in exchanger or wallet, but if you keep it for the long term I suggest you to save it in the wallet, because it is very dangerous to store a long term coin on the third party (exchanger) 
I would not advise you to keep a lot of money on the stock exchange. Because hackers often attack the stock exchange. The fact that your wallet is hacked is less likely than the fact that a hacker attack will be directed to a large stock exchange. I also saw that some people even hold coins based on Ethereum on different purses. Thus, they separate the risks.
if only trading is good use exchanger wallet
but if hold longterm or collect coin from bounty is good use official wallet, sam Ple if ETH can use deksto P wallet or myetherwallet
bitcoin can use electrum and more
but if hold longterm or collect coin from bounty is good use official wallet, sam Ple if ETH can use deksto P wallet or myetherwallet
bitcoin can use electrum and more
It's very simple! If you want to keep coins for the long term, then choose reliable wallets. If you want and know how to risk on the volatility of the exchange rate - choose a good exchanger.
Do not store many currencies on the stock exchange. Leave there only the part with which you are ready to part. Already there were so many cases of different hacker attacks. From this no one is immune. Be vigilant and divide coins even into different wallets, except for the stock exchange purse. Keep it altogether separately.
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
There is no exact answer to this question, but I would recommend wallets than exchanges. On the exchange, you can store funds for trading. If you invest in assets for long time, it is better to use wallets for each coin or use hardware wallets (Ledger, Trezor) It`s more safe
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 for keeping it is better to use wallets, It is safer because you're the only one who have access to your coins. Just make sure you keep all your details confidential.
Unlike exchanges, admins of those sites have access to your account even if they say that they'll keep it confidential. One "troubled" admin of the site can ruin everything, not just your coins but the whole reputation of that site.
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
wallet is the best option to keep the tokens.. funds on the exchange can be stolen anytime. you can use myetherwallet to keep the ERC20 token while for coins you can use the desktop wallets
People are always paranoid about holding on exchanges, but i have 6 different exchanges i hold on and i doubt all 6 will get hacked. So even if i were to lose one exchange it wouldn't be the end of the world for me. I did lose some coins on coinsmarkets when they faked having server troubles and supposedly temporarily closed but than never re-opened stealing everyones coins in the process. So it has it's risks.
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 planning to trade very often you should put your coins into exchanges,but if you arent going to trade or you are more in holding your investments you should put your holdings to a hardwallet,such as ledger and trezor which are the commonly used hardwallets today.This will protect your investments to the hackers,these wallets support mot of the solid cryptocurrencies today and some erc20 tokens. 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'm long term guy and prefer wallets. I'm still holding some coins on the exchanges but most of the my protfolio in my private wallets.
But it is bad to miss some big opportunities sometimes
But it is bad to miss some big opportunities sometimes
to save better wear wallet. basically to save with long time wallet safer than exchanged because the exchanges are all not safe to save a long time.
I think its not that bad to hold in exchange wallets if you set nice password and 2fa. You just need to not using suspicious unknown exchanges and everything will be okay, holding in personal wallets can be quite harder than this.
The point is not that the vulnerability exists in the event that the exchange can hack. The fact is that it is not safe to store the cryptocurrency on the exchange because there are cases when the exchanges were just closed and took away all the savings with them.
If you do not trade, then you definitely need to store coins on purses. Never keep coins on the exchange. At the stock exchange, you only need to store the number of coins you need to trade.
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 exchenger is better then the wallet for keep coin. It is more safe to hold coin from the hacker. I have lost my some coin for keeping wallet. Then I use to keep or hold coin in exchenger. Hope you will helped. 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
Here is mu advice, only wallet. Only! Exchanger can be hacked and you will loose all your coins, so dont hold any coin there. Use Myetherwallet or metamask for safety. Or better to use cold wallet Ledger nano S is best one .
You need to make your safety by your own.
regards.
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