Exchange or Wallet? - page 56. | Bitcointalksearch.org

soname12

member

Activity: 266

Merit: 15

Quote from: Jeff-reY on February 27, 2018, 05:57:24 PM

I keep a minimum of coins on an exchange that I use for trading.
Because an Exchange could go offline or could be hacked.
It is always a risk!

There is certainly a risk on the exchange. But it will rarely happen. Some online wallets such as myethwallet, I think it also contains a lot of risk on the internet because there have been many cases of users stolen token

JRDuran

newbie

Activity: 145

Merit: 0

Wallet the best and av
Advisable if you are planning to hold but not in any exchanges.

Eleanorjean11

newbie

Activity: 98

Merit: 0

actually keep the coin in the exchange is also safe, but you still need to have a wallet account. for every transaction, we need btc or eth address, so coins can be sent to destination address. if already sent, then automatically on the exchange will also exist, because we have imported our wallet account there.

Starscream

sr. member

Activity: 364

Merit: 250

If you want to trade you need to exchange, and if you want to hold the best way to have a total control over your assets is a wallet.

Hillthy

newbie

Activity: 229

Merit: 0

For short-term traders and holdings, investment in the market is expected to create flexibility and suit the situation and fluctuations of the market. To me, that's the crypto storage on the exchange page. Bitfinex is a safe choice and its reputation brings me peace of mind. Whatever reacts to fluctuations, you can be flexible to exchange crypto> usdt to maintain or vice versa.

m9shn9sh

member

Activity: 182

Merit: 10

Many case about exchanger got hacked. Its more safe if we keep our coin in hard wallet like trezor. Its more safe because it can not access as long we have that trezor. Hard wallet is best option if we want our coin secure...

fempat

member

Activity: 331

Merit: 13

Exchanges are to be used for what they're called - exchanges. However, some exchanges offer wallet services but I have been trying to look into this seriously. As a principle, Ii always store my tokens in a wallet which I have access to its private keys. There are many apps and services that enable you to create wallet but do not give access to the private keys. Run away from such, except with good reason not to.

Betheng

jr. member

Activity: 238

Merit: 1

It’s really depends on what is your goal or what you want to do in all your coins. First you want to sell you coins immediately when the value of your coin is high it is an easy money.but if you want to wait for the perfect timing that your coins value is high you should put it in your wallet.

shillerguy020

full member

Activity: 434

Merit: 100

Well, if you keep the coins on the stock exchange, if it is suddenly hacked, you can lose money. This of course can happen with a purse, but this is less likely. I prefer the wallet.

DeKingCrypto

full member

Activity: 518

Merit: 124

Quote from: Janinjo11 on February 12, 2018, 12:55:57 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 want to hold your coins for some times before selling and you want the coins to be safe, please use Wallet, as a matter of fact use desktop wallet or any app available, something can easily go wrong in an exchange and that may cost you your coins.

Bitcoin2018

jr. member

Activity: 216

Merit: 3

FORK FROM ENTHUSIASTS, FOR THE COMMUNITY

Your wallet only. Exchange it is not the place to keep your money. There are maby cases when Exchanges lose clients money due different reasons. MtGox, BTC-e and many others.

Vital100

newbie

Activity: 17

Merit: 0

myetherwallet is very sophisticated. much more comfortable blokchain, but to each his own, you know.. Grin

DemonHunter83

newbie

Activity: 238

Merit: 0

It is better to keep on purses. This is much safer, though, because the purses are living longer exchangers. In General, use myetherwallet. Comfortable and functional.

Bit_Bull82

newbie

Activity: 32

Merit: 0

It depends if you want to trade or not.

Also best thing is to hold them in different wallets and/or different exchanges so you do not get locked out or if hacked/lost, you minimize the risk.

markovi4mark

member

Activity: 168

Merit: 11

The wallet is safer than crypto exchanges, but I believe that it is convenient to keep a small part of the funds on the stock exchange. This allows you to very quickly carry out operations buying the coin in exchange rate fluctuations.

always1337

member

Activity: 79

Merit: 10

The cold wallet is the perfect place to store your coin. However, to facilitate the exchange. I think you should keep your coin on exchange

the_others

newbie

Activity: 78

Merit: 0

I prefer wallets for BTC, ETH and NEO for long terms, but alts could be in exchanges so that you can intervene for larger losses and you can inrease the numbers by daily trades

jak3

legendary

Activity: 1274

Merit: 1004

Exchanges are never an good option because they are not secure you can easily lost all of your savings if someone hacked the exchange and you are not even getting it back. Keeping multiple currencies is change where if you can then get a wallet for it.putting your money on exchanges is always risky.

toydoll

full member

Activity: 504

Merit: 100

I have a strategy for long term, so I try to keep my money in my wallet and wait for a good price, I think they are safe there.I don't trust exchanges.But it's only my opinion.

spastikss

full member

Activity: 434

Merit: 107

If you are a holder, of course you should use wallet. But if you are a trader you can prefer exchange wallet. It depends on what you do.

Topic: Exchange or Wallet? - page 56. (Read 8771 times)