Topic: Exchange or Wallet? - page 21. (Read 8740 times)
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.
HOLD coin on the exchange is not safe cause of hacker. As you see, many exchange was hacked and lost many money. In recently, bitthumb was hacked and hacker stolen many token. In my opinion, The Hardwallet and papperwallet is better, You can use it to hold your coin/token
Of course, it is much more convenient to store coins on the exchange, but there is a risk of hacker attack. For those coins that I keep for a long time, I use a wallet. And those coins and tokens that I use every day are stored on the exchange.
Ofcourse wallet , but here we need to make trade with our altcoins , so here a problem arise for us that if we will put our altcoins at their wallet then how we will do trade , surely it will not be easy task for us to do trade .
Since exchange are safe but not much safe , but still we can put our altcoins in small small amounts at different different exchange to lower the risk to loss .
In my memory about two time hack of the exchange wallet happened , first type of the etherium theft by the hackers from almost all the exchange and after that here with the bithump .
Exchange only your coins for trading.
Since exchange are safe but not much safe , but still we can put our altcoins in small small amounts at different different exchange to lower the risk to loss .
In my memory about two time hack of the exchange wallet happened , first type of the etherium theft by the hackers from almost all the exchange and after that here with the bithump .
Exchange only your coins for trading.
Again use exchange only for trading purpose. If you have significant amount of money for hold, then never ever put in exchange. Until recently, Bitthumb was hacked in Korea.
try to distribute evenly because the wallet can be hacked and you will lose all your accumulated or earned money
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 invest for the long term, so I prefer you to have to use the wallet because it is the best option to secure the coins and the private key for the scamers. 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
Obviously much safer to store in your own wallet, offline wallets are best if you're holding long term.
I use both because it is most convenient for me. it seems to me that it is better to do everything because to trust only one resource is too wrong and risky
Open wallet for every coin and its not even close man. The only way I wouldn't open a wallet if it was a web wallet and that was the only option. Because in the past I have had massive troubles with web wallets, and I veer away from them now.
In my opinion, the market at this time is not ideal for transactions. I would choose the solution is put all my money into my wallet. Keep them in the safest way to wait. In the near future, the market will be stable and the price of cash will rise. At this time, my money will give good profit when I exchange.
If you are not going to trade them soon then its better to save them in your cold wallet. Because its risky to save them in exchanges, anything could happen and better to prevent.
I prefer wallet than any exchange, coz it's safe to store token and some ERC-20 token. What I love about Cold wallet is it's truly decentralized and no one will compromise your wallet except you. However there are some incident that they lose there cold wallet you should keep the private key safe so the next time you'll access your wallet you have the private key.
We have to agree that wallet is safer, but it is not convenient for frequent traders.
I kept most of my coins in wallet, but a small portion in exchanges. Of course only the reliable exchanges.
I kept most of my coins in wallet, but a small portion in exchanges. Of course only the reliable exchanges.
According to downtrend on the whole market, i withdraw all tokens to the wallet. I think it's not good time for beginners in trading, and i'll save my deposit.
In my opinion, what I really wanted to use are wallets and not exchanges. After Mt. Gox and all those other hacks that happened before I am really not sure if I am going to trust those exchanges again. Security is maybe an illusion as long as they cannot guarantee that they would be able to make their websites secure. Also cold wallets are the most secure of them all so, it is really a no brainer which is the best.
It depends on the purpose of the investor to determine the proper way to store the coins. If you are a trader, make sure that keeping your coin on the exchange is convenient, but if you do not have a commercial need and only want to hold some coins in the long run, Wallet hardware is the best choice.
It all depends on how many coins you have. I prefer to store small amounts on the exchange, because it is not easy to manage a large number of wallets. But if you invested in one crypto currency, it is better to keep it in your wallet.
Depending on the amount of storage if you wanna keep more than 1k-2k USD, I recommend using wallet hardware, because it is safer
while if under 1k USD you can use a wallet exchanger or personal wallet, both are the same
while if under 1k USD you can use a wallet exchanger or personal wallet, both are the same
Wallets definitely, this is the only way you have total control of your coins and can be able to do whatever you want with the coins,, transact at your will and encrypt it to your own liking. This means that you can chose whatever wallet you want, Web based wallets or hardware wallets. Of which id prefer id highly recommend hardware wallets due to the security they offer to your coins, we have heard it now and again how vulnerable to hacks exchange wallets are
If there is good wallet for the coin/token - of course wallet. But sometimes the coin wallet is a piece of shit with many technical flaws, so in this case use few exchanges.
You are just basically pertaining into some altcoins in the market which do have correponding wallet. I do only prefer or make use of erc20 rather than on new ones or depending on the platform being used up.If you do not know how to trade and only want to hold a personal wallet is the way to go for sure! I myself got me a ledger that I am using for my long term holds.
For long term holds theres no other good way to store up tokens but would really be on a hardware one rather than on using up exchangers. If you dont like to experience hassle and problems and risk then better avoid those exchanges. Jump to: