Exchange or Wallet? - page 43. | Bitcointalksearch.org

Manyak

newbie

Activity: 167

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

If you are not a treder you can use wallet because it is good for you.
If you are a trader tgen you must use exchange it is the best for you.

Deborah

full member

Activity: 314

Merit: 100

Why do you want to keep your money in an exchange without a deal, so you'd better put your money in a wallet that controls the private key to protect your crypto coin.

kingpes14

member

Activity: 163

Merit: 10

It depend at your trading style, if u have coins for long term for sure its better to keep them in wallet but if u are short term trader u need to have them in exchange because sometimes some coins have dumps and u can buy them fast.

myxamop

hero member

Activity: 882

Merit: 502

NEVER hold your coins at an exchange. They can at any time deactivate your account and just steal your coins. If you have your coins at an exchange THEY ARE NOT YOUR COINS.

deodecagone

sr. member

Activity: 490

Merit: 250

Of course, it's better to keep your money on your wallet than on the stock exchange. Why should you keep your money from other people's people? After all, the exchange can be hacked or it will just cease to exist and no one will return your money to you!

Gras

jr. member

Activity: 238

Merit: 1

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

Wallets are more reliable. They are more suitable for storing coins on a long term. The exchange may be a Scam, or just freeze customer accounts (as it was for example with the exchange Poloniex). However, if you plan to trade, it makes sense to keep the coins on the exchange.

musta5a

jr. member

Activity: 294

Merit: 7

BITDEPOSITARY - Make ICO's , More Secure

Quote from: Farvin2 on June 05, 2018, 02:30:02 AM

According to me it is safer and a way better option to keep your coins in wallets rather than exchanges. Because exchanges are mostly used for trading and all coins are not listed on all exchanges. So better to keep your coin in wallet.

main reason is safety. If you have your coins in wallet where you have access to your private keys, no one will enter it except for you. When you hold your coins on exchange, you need to rely on them

goldexp83

member

Activity: 225

Merit: 10

quarkchain.io

I think it depends mostly on your investing strategy, are you holding or trading?

if holding, then has your own wallet, I prefer something mobile like Trustwallet that can be used on a phone.

if trading, be sure that is a reliable exchange that has very high-security protocols and such (like Binance)

Kazkar

sr. member

Activity: 784

Merit: 250

Everything is very simple. The coins that I trade are on the stock exchange. Those that do not trade are in the wallet. It is better to keep your coins for retention on your wallet.

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

If you are holding 50 or 60 different coins, then it is not viable to install Desktop wallets for each of them. So you may need to store the vast majority of them in the exchanges. But for the top 2-3 coins, you can install desktop wallets.

xadidos

full member

Activity: 148

Merit: 100

I would loose all my passwords in the case if I will have a new wallet for every new coin of mine, lol! imagine that quantity

runor

jr. member

Activity: 150

Merit: 1

If you plan to keep it is better to use a purse, and if there is not then definitely exchange!

CoinCollect

sr. member

Activity: 770

Merit: 250

On the exchange of course you can store money, but I still think that it is better to store your coins or tokens in your wallet, as this is a more secure way to save your funds for a long time. So clearly keep the money in your wallets.

mdbelal1

newbie

Activity: 177

Merit: 0

It is totally depend on you. If you want to trade then you should choose exchange and if you want to hold any coin to get profit then wallet is the best option.

Magister Magus

member

Activity: 328

Merit: 39

All life is a gamble, so you can not know in advance what the best decision is. In these cases it is better to separate the investments anyway.
Cold wallets are certainly safer, but they are static and produce nothing.
The exchanges are always at risk, but it is the only way to trade.
For prudence, it is good to use at least two or three exchanges.

jt byte

hero member

Activity: 994

Merit: 500

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

Always store your tokens on your wallet never on exchanges.
You will avoid losing money. Look what happened to MtGox.

sergio red

full member

Activity: 414

Merit: 107

This theme is totally dependent on your demand, At first, you have to think what you want to do?
If you want to trade then you have to take an exchange. on the other hand, If you want to hold then wallet is best as you have total control over your assets. One thing you should know that You have an access to any wallet and you can send or spend anywhere you want.

Farvin2

jr. member

Activity: 168

Merit: 3

According to me it is safer and a way better option to keep your coins in wallets rather than exchanges. Because exchanges are mostly used for trading and all coins are not listed on all exchanges. So better to keep your coin in wallet.

gomeZLTC

jr. member

Activity: 127

Merit: 1

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

To trade every day, I use the wallet exchanger because it is not convenient if using a wallet for each coin. for long-term investments, I use a wallet for every coin.

ujinice

member

Activity: 574

Merit: 15

I can't log into my poloniex exchange account and I do not hope to return my savings because the exchange froze it for no reason. My opinion is that for each coin, if it is not ERC-20, you need to create a separate wallet.

Topic: Exchange or Wallet? - page 43. (Read 8741 times)