Topic: Exchange or Wallet? - page 22. (Read 8740 times)
I have heard from my friends that wallets are more reliable. I think that it is better to hold coins in a hard wallet instead of exchanges because it is more risky. However, everything depends on the wallet and exchange
Ofcourse it is safe to store coins to a walllet than to exchange sites because wallets are more secured than exchange sitess. because there are cases that exchange sites are getting hacked and compromised that may result to the loss of many tokens. This is why it is better to use wallets
Exchange is not the most reliable way to keep your crypto currency. best suited local wallet: it does not require the installation of special software. There are many varieties of local wallets, it all depends on how long and what currency you use. I adhere to the most reliable, in my opinion, the option - is Tresor's purse or Ledger Nano S
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.
keep a coin in the market is very high risk ,, I a few weeks ago bought a coin in HITBTC and within a day all the coins I bought disappeared ,, I do not know what happened, when I check the history there is no transaction there, I was also surprised where do I have coins ,, for that I suggest you to keep the coins you have in your personal wallet
Now it is very dangerous to keep your money on the exchange. After all, the exchange can break and take your money. I think it's safer to keep capital on hardware wallets.
Depends on what you are going to do with your coins. If you are an investor and keep coins for a long time, I would choose a purse.
If you are trading, then it makes no sense to store coins on your wallet. On this I advise 2 options.
If you are trading, then it makes no sense to store coins on your wallet. On this I advise 2 options.
Wallet all the way for me. Exchanges are just too risky. It seems there's another one being hacked every week or two. I try my best to get my coins off there as soon as I can.
In my opinion an exchange that you have control over your private key is most preferable, coinbene and bitfinex was recently hacked last month and this month respectively, never put what you cannot afford to loose on an exchange
Leaving your Bitcoin on an exchange is not considered a safe way to store your Bitcoins because exchanges are a huge target for hackers and are consistently under attack.
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.
use ledger nano too for now, i think it is more safe if we only want to hold the coins and not trade, especially now there are many exchanger site that get hacked and i don't want to lose my asset because of that 
Of course, it's best to keep your money on purses! I'm used to thinking that everyone in the crypto currency wants to deceive you and steal your money, so I try to keep all my money in different purses. In addition, you can see how much news has been coming up recently about hacking exchanges, and the largest ones.
You can keep an amount of money on your exchange that will not sink into your eyes. But if you keep it in the long boat, it makes more sense to keep it in your wallet
I will choose to have my own wallet.
You deposit your cryptocurrency on the exchange, and the exchange will lend your cryptocurrency to those who are trying to short the BTC!
You deposit your cryptocurrency on the exchange, and the exchange will lend your cryptocurrency to those who are trying to short the BTC!
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.
I think the best way to keep coins is wallet. But sometimes it can be vey expensive that sending some tokens from market to wallet, so, rarely I choose keeping them on excange.
For a long-term investor who does not want to make trades, it is more advisable to keep the crypto in their own wallets.
If the investor wants to trade in the short term, keeping the crypt in an exchange is a good option to immediately take advantage of price fluctuations
If the investor wants to trade in the short term, keeping the crypt in an exchange is a good option to immediately take advantage of price fluctuations
Of course it is better to keep your coins on the wallet. All your coins that are on the exchange are not physically owned by you. And if something happens to the exchange, you can lose your coins. So on the exchange you need to store so many coins, that you are ready to lose.
It depends on the purpose of holding your penny, keep on the floor, exchange and profit will be faster, keeping the wallet cooler will be safer.
Its simple really. Exchange if you trade and need funds fast. Personal wallet if you are holding and need your funds to be safe.
Jump to: