I think (if we would speak about alternative cryptos) that most secure is to use MyEtherWallet and add a Metamask extension to that
Topic: Exchange or Wallet? - page 35. (Read 8740 times)
Of course, keeping coins in your wallet is more secure than at the exchange. I only transfer coins to the crypto exchange if I want to sell them. Unfortunately, often there are news that hackers hacked some exchange and stole coins, so I would not recommend keep them there.
Well Coins depends on which coins and how long you want to hold. If you have a coin you plan to hold for a very long term like 6 month and above then I will suggest you using a wallet, this is because anything can happen to the exchange, they might close down or been hack, if it is short term, if you have it to wallet your will lose some money through transaction fee to transfer it in and out of the exchange.
It's depend on you. If you want to trade with your asset, the best choise is use a exchange so you able to go trade soon. If you want to hold a coin for long times, tye good choise is you use an wallet because you will get all features to secure your asset because only wallet give you private key and the private key take only you can access that asset.
For now better keep your coins in the wallet, with the market conditions declining, it is better to hold the coin.
If you think the price is in line with what you expect, you can trade in exchange. But it's safer now to keep your coins in the wallet.
If you think the price is in line with what you expect, you can trade in exchange. But it's safer now to keep your coins in the wallet.
I think it's fine to store your coins on exchange if you're a daytrader but make sure to choose reputable and good exchange like binance or bittrex. If you're a hodler then store in your own wallet is the best option especially hard wallet. There was a small exchange where i store my bitcoin and my altcoins there and when the exchange started having a lot of issues, i moved all of my bitcoin and altcoins from that exchange into my wallet. You know what? one week after i moved my coins, the exchange got hacked. Glad that i already moved my assets before the hack was happened.
It would always be better to keep your bitcoin or altcoins in a hardware wallet or a wallet that you are in total control of the private keys whenever you have finish your trading session, keeping huge amount of bitcoin or altcoins on a crypto-currencies exchange website is not advisable as the security of those sites are more vulnerable to getting hack by hackers.
If you are a long-term investor, I suggest you put COINS in your wallet. Keep your password and private key in a secure place. I recommend Myethwallet.
I know it can be convenient to leave your coins on an exchange, BUT that is not safe. If you are not actively trading, you should not be leaving your coins on the exchange. Buy a hardware wallet or at least download Exodus wallet onto your computer and store your coins there. The Jaxx mobile wallet for phones is convenient as well. They all support multiple coins like an exchange, but you are in control of your provate keys.
I usually keep my exchange sites for buy-to-sell tokens or coins.
I do not use too much my wallet because I'm someone who makes money by buying and selling.
If you have long-term investments, use your wallet.
I do not use too much my wallet because I'm someone who makes money by buying and selling.
If you have long-term investments, use your wallet.
Actually it depends to your coins on where they are listed, We are not the one to send our token in the exchanger even if are not listed on their. But the better to choose exchanger was bittrex or binance if your coins are in listed on there.
You should really find a good wallet to keep your coins for a long time. Many wallets are easy to hack, make sure you never spread the private key that you have. Make sure your private key is always secure. And Exchange also so, Exchanges are being targeted by the hackers that is why it gives you more risk of losing your money when you are putting all your funds in a single exchange.
the best wallet is hardware wallet, for an example Ledger Nano S
it's more safe that you save in exchanger, in exchanger you dont hold ur PK
it's more safe that you save in exchanger, in exchanger you dont hold ur PK
It is okay to store your coin in the exchange when you intend to make a trade. But if you only want is to just store it, better move it on your personal wallet. It is best to move in your personal wallet that way to avoid being stolen. More instances happen that many exchanges breached by hackers, and stole their coins in the exchange. So better store it in your own personal wallet when you dont want to trade your coins.
Hello! On my opinion wallet is more safety because my friend lost all the assets when there was problems with the exchange security! I prefer wallet but you still need to be smart owner of crypto wallet.
50% of my assets are kept in local bank accounts
25% of my assets are kept in my personal wallet
25% of my assets store on wallet exchange
I'm not so brave to play big with crypto, because hackers can just get our private key, and exchanges can also be grounded by theft
25% of my assets are kept in my personal wallet
25% of my assets store on wallet exchange
I'm not so brave to play big with crypto, because hackers can just get our private key, and exchanges can also be grounded by theft
Always keep your cryptocurrencies in your wallet for safe keeping. The cryptos you leave on an exchange should only be for the purpose of trading. Otherwise, move them to your wallet.
If we are talking about the reliability of storing money on the exchange, I do not trust such storage because my private keys are in the possession of the exchange and they have access to it! If scammers hack into these exchanges, all investors will lose 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
Unambiguously more reliable option: use of purses. If to hold coins for long term that is the best option. As to exchanges there can be something at any time and you can lose the accumulation. The best option is a hardware purse: Ledger or Trezor. With them your tokens will be in safety! 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 more secure storage of their funds, I would use a hardware wallet, it is very convenient also because you can use the funds without entering data on a foreign PC.
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