Leaving your Bitcoin on an exchange is not considered a safe way to store your Bitcoins.
This is because exchanges are a huge target for hackers and are consistently under attack.
Topic: Exchange or Wallet? - page 20. (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
I prefer use a wallet on each coin that is the safest way, if you want to hold for a long term but if you want to trade just keep it on exchange and get updated on your self for the safety of your coin but still if that exchange will get hack you lose. 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
Exchange is more advantageous for fast trading on the market. I use Exchange when I want to buy and sell. It's healthier. For long-term transactions, I use Wallets.
If the exchanger supports two-factor authentication, I think you can easily store your coins there.
Its up to you.. If you want to trade then obviously an exchange.. But if you a holder with big amount, it's better to keep your coins in you 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
For me its better to have wallets for each coin since its the safest way to store my bitcoins and is more convenient for me because it is what i use ever since i started involving myself in bitcoin and it also makes me feel secured than any other options in storing my bitcoin.
If you keep them on exchanges then risk of hack and losing money by your own fault or exchange fault , but benefit is you can sell them anytime without waiting for deposits . also you can use them in trading anytime .
while on keeping coins in wallet will not provide above benefits but yes it is more safe than exchanges , so people recommend it .
while on keeping coins in wallet will not provide above benefits but yes it is more safe than exchanges , so people recommend it .
Safe option is wallet but sometimes if you have many coins and are not able to keep separate wallets for all of them, exchanges are also good option. But you have to be sure exchange is safe and update yourself, if the coin is still in exchange or not.
If you prefer to actively trade, so it means making transactions every hour or even a minute, it's more convenient for you to store your funds on exchanges, because the bets are not static, and you do not need your computer to go to your wallet, you can do it with any device with Internet access.
I beleive that strong exchange with F2A and e-mail verification is quite save. Of course there are difference, Im pretty sure that Binance is very safe on the other hand smaller exchanges or those with bit of bad reputation like Yobit or hitBTC may be something completely different. I definitely trust Binance and Bittrex.
Exchange is not the safest way to store crypto currency, because they are most often hacked by hackers. so my option, definitely - it's a purse. the best wallets, in my opinion - it's paper or portable. and in that, and in another case, they will be in your hands, the main thing is not to lose a USB flash drive or a paper carrier.
Like most people here a wallet and especially a hardware wallet is the safest and makes the most sense. Only when you hold a very small amount ,$100 or less it isn't worth it to take it off because of the fees.
Personally, I prefer to keep my coins on exchangers. So you can sell them if the market starts to fall quickly.
People are always paranoid about holding exchanges, but I have 6 different exchanges on which I hold, and I doubt that all 6 will be hacked. Therefore, even if I lost one exchange, for me it would not be the end of the world. I lost some coins on coins when they falsified server problems and supposedly temporarily closed, but never opened the theft of any coins in the process.
It is believed that the exchange for keep coins is not safe. You never know what can happen to the stock exchange. It is most correct to store coins on individual purses for each coin. But it's very long. I believe that the main thing is not to keep the altcoins in one place. And better so - part on the exchange, part on MEV, Waves. And for coins, which you bought for hold, it is better to have separate wallets.
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
First of all, it depends on what you want to do. If you are trading, it is of course the most convenient to place coins in some large exchanges. After all, it takes a while to recharge and withdraw money. During the time waiting for withdrawal or recharge, it is likely that you will miss the best time to buy and sell. From a security perspective, putting your digital assets in your wallet is the best option. 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 prefer to keep most of my funds in my wallet, since the exchange can be hacked. But I do not worry about large exchanges.
Exhange account is good place for you cryptocurrency if you have wide portfolio with huge number of cryptocurrencies, but total value of cryptoportfolio is not sufficient. But the most valued coins should be hold in the wallets.
if the funds are small, then you can store on the exchange and not spend money on the commission. and if the amount is large, it is better to store on a hardware purse
I think wallet is better, because when you see the change of the price somewhere, you put the coins with the fee back into your wallet. At least on IDEX it works like that.
IDex has never been a safe place to store value or trade. 
Trading volume and reputation are lower than binance, okek, huobi, bitrex ... I feel safe and flexible when keeping my coins at reputable trading floors. At times you will find the etherium network delayed. You will see how effective this method is. Jump to: