Topic: Exchange or Wallet? - page 51. (Read 8741 times)
Well, of course, a purse, if it concerns individual crypto-currencies or tokens. But if we are talking about infrastructural tokens of exchanges, then certainly it makes sense to store them on exchanges, for example HT BNB KSC OKB
I have the answer for you. Any exchange is not 100% reliable. Wallet also. I like to keep money on my wallet.
What do you do with your coins.?
1. Are you trading your coins? - You need to use Exchange for trading your coins.
2.Are you want to hold your coins? - You need to use a good wallet to hold your coins. I am recommend a hardware wallet to hold your coin. Because it is a very very safe way to hold your coins.
1. Are you trading your coins? - You need to use Exchange for trading your coins.
2.Are you want to hold your coins? - You need to use a good wallet to hold your coins. I am recommend a hardware wallet to hold your coin. Because it is a very very safe way to hold your coins.
Both, I keep 60% of portfolio on wallets and 40% on exchanges for traiding. For better safety it's necessary to store coins on hard wallets.
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
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
Everything depends on your strategy of investment. You can store tokens at the exchange if you are going to speculate. In case of long-term investments it is better to store coins in purses. The best - cold purses and the book. I as the holder for long time hold everything only on a cold purse.
I think wallets are the best options to store them because we know bow potential coins we have chosen and it might help to protect your coins. There is no guarantee if you keep them in the exchanges. So better send your coins to wallet if you are trader better send only some coins to the exchange to safe guard yourself.
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
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 think you better do in one exchange only or in one wallet only. the goal is to provide a reliable way to manage your digital assets. if you have many wallets you will save a lot of private key and it just makes you confused. as well as many exchange will be difficult for you in managing your finances
I believe that it is much safer to store its cryptocurrency on purses. Since, if you keep your coins on the exchange, then your private keys are kept at the stock exchange. And from private purses private keys are only with you.
Exchange is where you buy or sell cryptocurrencies.
Wallet is where you keep cryptocurrencies you have bought or have received.
The wallet is owned and controlled by you Note that Exchange can be hacked anytime, so you are advice to get a wallet in other to secure your coins.
Wallet is where you keep cryptocurrencies you have bought or have received.
The wallet is owned and controlled by you Note that Exchange can be hacked anytime, so you are advice to get a wallet in other to secure your coins.
It is better to store your coins in a wallet. Once a trading platform is hacked say goodbye to your beloved coins. Though having your coins in an exchange is quite advantageous too, let's say the price of the coin suddenly went up, you can easily trade it. Having it in your wallet, it will need quite some time to be confirmed and during this time price might have already dropped.
If you're in with holding the coin for a long time, store it in a wallet, and just trade it whenever you're ready or you really need to.
If you're in with holding the coin for a long time, store it in a wallet, and just trade it whenever you're ready or you really need to.
Totally agree. It's quite dangerous to keep investments on exchanges. They exist for trading. For purposes of storage it would be wisely to keep coins in wallet. But if you do want to use exchange, pick one that uses cold storage and two-factor authentication. I know of cex and bitstamp, are there any others?
If you have a lot of coins, you better keep it in the wallet as in myetherwallet, because if you save directly on the exchange does not guarantee the coin is safe.
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
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
please suppose that i have a gold store, and also you have some golds. is it safe to hold your golds in your home box or in gold store? it is clear that in your home you have good access to your golds. but if gold store rub or ban your golds, you can not access your golds. i perfer to hold my coins in my own wallet
To keep your assets in a trade is excessively unsafe, sincerely a couple of thousand dollars is fine, however there is dependably a hazard. Additionally, equipment wallets like record nano s are not that costly and furthermore a few coins have programming wallets that are allowed to setup. 100k or a million is much excessively dangerous, most trades still get issues due to crypto as yet being another market so kindly do store it in a wallet.
Exchanges cons,
1. You don't own the private keys of your wallets
2. Most are unregulated and uninsured
Wallet (Hardware) cons,
1. Not free
2. You may lost it(by not storing it in a safe place)
So in conclusion, I prefer hardware wallet.
1. You don't own the private keys of your wallets
2. Most are unregulated and uninsured
Wallet (Hardware) cons,
1. Not free
2. You may lost it(by not storing it in a safe place)
So in conclusion, I prefer hardware wallet.
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
Obviously if you're a trader the better to keep coins is on exchange because you cannot keep that on wallet if you trading that with in only few months or weeks, But if you want to keep your coin for many year the better is your own wallet that you can controlled easily. Just make observation from your mates on trading. They cannot keeping their coins on the own wallets. 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 we are talking about the storage of funds, then the best solution will be to use hardware wallets, because they will be able to help you secure yourself as much as possible. But you should never keep money on the exchange.
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.
On the exchange, it is recommended to keep only those coins that you use for day trading. And the altcoins that you Hold, I recommend deducing on wallets, which are intended for these coins. You can also try multi-currency wallets, for example, jaxx. If you keep money on the exchange, then use more than one exchange.
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
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 me, i want to hodl my coin outside my wallet. Specifically in exchanges, because i think of the time that coin would pump and having it still in my wallet might took long time before i can send it to exchange and by that time the price might already dropped.
Since only you know your private key, a wallet is better for you especially for the coins that you decide to hodl for a long time. I believe it is also better to have some BTC or ETH in different exchanges not to miss any opportunity.
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