If you are a trader and short term holder of coin then exchanges might be an option for you, but if you are long term holder then wallet is a good option for you too. So it depends on the category you belong to.
Do you suppose that the exchange will steal the coins you deposited? Of course, the "cold" wallet is more safe, because only you know the private key. But in any case you will need to sell your crypto currency and transfer the coins to some exchange, paying transaction fees. In addition, it is easier and faster to create an address of some altcoin on the exchange. 
Topic: Exchange or Wallet? - page 52. (Read 8741 times)
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
now les make it this way; if you leave your coin on exchange what will happen to you if you find out that the exchange is no longer there or trading.. this implies that you have loose all your token for that particular exchange were you dump the token.
secondly if you create a wallet for that your token; what if the wallet is being hacked, what do you thing will be your benefit?
now the best thing to do is that "you will create a particular wallet for a particular token or for each token you have in your wallet so that if one addressed is being hacked you still have some reserved token in the next wallet.
I think this is helpful to you.
For me it depends on how you are holding your coins, do you plan holding it for years? Months? or do you trade them? If you are trading them, it is of no use to store them on the wallet, because the transfer from the exchange to the wallet will cost you some money, if you are holding your coins like over 6 months then it is advisable to transfer to the wallet because if you leave it on the exchanges, you might wake up one and discovered they have place one rule which will make impossible for you to withdrawal your coin.
If you are a trader and short term holder of coin then exchanges might be an option for you, but if you are long term holder then wallet is a good option for you too. So it depends on the category you belong to.
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
it is clear that wallet is better when you hold your coins in exchanges, it is very huge risk to you. because you have not your main keys to use your money also if exchanges closed or hacked your assets will be at risk.
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
For me it is still better to keep our coins on a wallet that is really secured like myetherwallet, rather than keep it on some exchange site, and for me there are so many wallet that is really safe and secured to put all of our coins. And that is the purpose of a wallet to protect our coins. 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 u are going to make daily trading its better to keep in exchange but if u are going to keep long term its better to keep in wallet.
Wallet whereby your private keys are held by you is better than exchange but a few coins can be put on exchange for short term trading purpose.
Better to use secured exchanges for trading and storing some coins. I would not use an exchange to keep my coins long term but for day trading they are fine. Just make sure you are using a reputable exchange with decent security measures.
It is obvious that it is better to store our coins in wallet than in exchanger. The purpose of the wallets is to keep safe all of our coins. The reason why it is better to store our coins in wallet is because it is more safe than to store in exchanger.
if it is worth more than five hundred dollars , i will apply for a cold wallet . for small coins , i will put it in the exchange . easy to trade . wait for it to add value .
Of course, wallet, man 
As for me, it is best of all a physical wallet such as TRESOR or Ledger Nano S as they represent the highest degree of security for bitcoins or other cryptocurrency.
To keep your coins secure put it into your wallet and exchange whenever you want to,or whenever it it is needed but if you put it into exchange there's a chance to be hack and goodbye coins-goodbye profit so you better put it in there and secure all your wallet do everything not to steal it
You really do not have to pick between the two because they are both needed and they both serve different purposes and are both important if you are an investor. Exchanges is where you buy and sell your coins when you want while wallets are where you keep and secure your coins after you get them. One does not serve the purpose of another no matter the situation
Its depen on what's you going to do. If you are a trader, you have to keep coins on some exchanges. Its good to spread coins on few exchanges to reduce risk.
If you are a investor or long term coin holder, better to buy a hard wallet or offline wallet.
If you are a investor or long term coin holder, better to buy a hard wallet or offline 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
I think best option, use wallet for long hold. And use Exchange for coins where you have some doubts but you bought them. When you use Exchange, there a chance of lose all coins, without your fault.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 best is to keep your coins in the wallet, the wallet you control your own private keys to the fund, the funds on the exchnage is not yours, exchnage can close down. get hacked or even hold your fund the way Bittrex did to some people recently
I would prefer storing your coins in the wallet rather than saving it on exchange. My coins are safely stored in my wallet and so far my coins are still secured. Many users have already proven that it is much safe in wallets, but it depends on the wallet we will choose.
If you prefer the hold strategy you should to keep your funds on the cold wallet, because it is much safer than on exchange. But traders are forced to keep their funds on exchanges in order to respond quickly and trade.
Sometimes i do trading, but keep my money on cold wallets. Transitions pass quickly, so I see no reason why I should take risks and keep my money on stock exchanges. I keep some of the assets on the exchange, but usually these are very small coins for which I do not want to make a wallet. Jump to: