Exchange or Wallet? - page 38. | Bitcointalksearch.org

axiline

full member

Activity: 462

Merit: 114

Quote from: Janinjo11 on February 12, 2018, 01:55:57 PM

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

The most correct way is to install a purse for each coin separately on your computer. But all the ERC 20 tokens can be stored on the MEW, I consider it to be quite safe, the main thing is to observe the security rules.

lenar556

newbie

Activity: 187

Merit: 0

If you buy a coin on the exchange and plan to keep it in the long run, it is better to put it on a wallet that has some private keys for coin security. And if you are planning a short-term trade, it is better to leave it on the stock markets.

trukramor

newbie

Activity: 44

Merit: 0

Quote from: Janinjo11 on February 12, 2018, 01:55:57 PM

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 preferred to keep the coins in the wallet for long term investment.

Uncertaintea

newbie

Activity: 91

Merit: 0

Wallet definitely, with wallets you have complete control of what happens to your tokens, ITS LIKE YOU ARE HOLDING THE FATE OF YOUR TOKENS WITH YOU. . you can decide when to make transaction and when not to. this is a freedom you dont enjoy whatsoever when dealing with an exchange wallet. Besides security wise wallets are safer than exchanges which are more pron to hacking which has led to huge amount of money loss. If you are nota day time trader then stay away from exchanges.

whatthesith

copper member

Activity: 301

Merit: 10

simply getting the job done

Exchange is a good way how to store your crypto, because you dont have to pay fees for depositing and withdrawing your coins everytime when you want to sell or buy something else.

jazz1984

jr. member

Activity: 392

Merit: 5

If you want to save large amounts and for a long time, you should give preference to a wallet, and it is better to have a backup copy of your wallet. If the amounts are not large and you do not keep them for long, you can use exchanges.

Davido1174

newbie

Activity: 210

Merit: 0

Exchanges are mostly used for trading because all coins are not listed on all exchanges and if your horizon is short term then you can hold your coins in any online exchange which have your coins but if your horizon of investment is for 2 to 3 years then you can hold your coins in online or offline wallet as per your wish. Trazor is best wallet to hold coins for a bigger term as it is not accessible without connecting it to a device.

terencio

member

Activity: 742

Merit: 11

I recommend storing it in the wallet, but safely keep your private key which is the most important. Exchanges can be hacked, how many hacking occurrences occurred in the past ex. MT Gox. Crypto is having control with your own asset, we don't want someone managing it on our behalf, this is not a typical bank.

Remember "Be cautios Many wallets and downloads contain Trojans/Malware/Viruses. "

eert

newbie

Activity: 123

Merit: 0

I'd rather keep my money in my wallet than at the exchange counter. My money is safely stashed in my purse, and so far my money is safe. Many users have proven it to be very secure on the wallet, but it depends on the wallet we choose.

dsaijz03

full member

Activity: 322

Merit: 101

For me it depends on what you are gonna do they are both useful in holding coins in a way that in exchange it is good for day trading or short term trading but if you are planning for a long term then I think much better to be in a wallet because you do not need to check your coins daily in this way you have control on both asset.

chende

newbie

Activity: 42

Merit: 0

Quote from: Janinjo11 on February 12, 2018, 01:55:57 PM

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

prefer using coins original wallet that u have full control of the key.

cbIpok

sr. member

Activity: 672

Merit: 250

I would prefer to keep it in the wallet if i am going to hodl it for a long time, but i will keep it in the exchange wallet if i will trade. By the way, the wallets are definitely safer than exchanges.

wedosgibas

member

Activity: 535

Merit: 33

here we go

More secure and easy to keep all coins for long term is in wallet support ERC20, like Myetherwallet, Metamask and others. But, you can move to the exchange, if you want to trade the coin directly.

Ekaterinat

full member

Activity: 252

Merit: 101

I prefer a wallet. Some of my friends lost a lot of money after the closure of Mt.Gox and BTC-e, so I do not have confidence in the exchanges and I don't hold coins on them.

Lavatein

newbie

Activity: 61

Merit: 0

I think it all depends on the level of risk that you are willing to accept, of course I'll write everything that is more reliable to store on a purse but to overtake coins there is also not an interesting occupation, so it is better to have both there and there

Convery

sr. member

Activity: 966

Merit: 254

Quote from: Janinjo11 on February 12, 2018, 01:55:57 PM

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

Remember, that if you do not own a privatekey, you do not own anything!
Exchange is storing your privatekeys and this should not be trusted!

GFE

full member

Activity: 336

Merit: 100

I have as separate wallets as deposits on several criptocurrency exchanges. The best way is split your portfolio in several places to increase safety of your coins

Hektur

member

Activity: 271

Merit: 10

Even if you set 2factor-auth you can never be sure whether the stock market is legit and not going to bankrupt or scam people.

chikucrypto

newbie

Activity: 420

Merit: 0

I believe on wallet.I think it is more safer than the exchange. our coins is in our security and anytime i can sell or purchase.also i can sell my coins faster than exchange.

Sithara007

legendary

Activity: 3332

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: Janinjo11 on February 12, 2018, 01:55:57 PM

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 am not sure about this, but I read somewhere in this forum a few months ago that trojans were detected in a system after someone installed one of the altcoin desktop wallets. So I am always extra-cautious before installing these wallets.

Topic: Exchange or Wallet? - page 38. (Read 8740 times)