Topic: Exchange or Wallet? - page 57. (Read 8771 times)
Depends on what you need. If you are a trader, then of course the stock exchange. If you bought and just waiting for profit, it's better to have a wallet.
Leaving your coins on an exchange is more risk your wallet is safer ,
It's fully depend on your motives. If you want to hold your cryotos for longer period of time then wallet is the best option or choice. But if you want to hold shorter period of time & also want to take part on crypto trading as well then no doubt exchanges is the best choice for you. So just fixed your goals & go with your choice.
The wallet is always safer. Exchange sites can be hacked, lost your money or collect money and disappear from the crypto world. But the wallet belongs to you and everything in it is always with you, its safer and better 
It seems to me that it is very dangerous to keep money on the exchange account. Every day, exchanges are attacked by hackers. For this reason, you can lose your money.
Depends on what you are going to do with your coins.
If you are an investor and keep coins for a long time, then I would choose a purse.
If you trade, then it doesn't make sense to keep coins on wallet.
You just do not have time to make a profitable deal.
The speed of the transaction, the commission, the constant danger of losing a wallet, etc.
If you are an investor and keep coins for a long time, then I would choose a purse.
If you trade, then it doesn't make sense to keep coins on wallet.
You just do not have time to make a profitable deal.
The speed of the transaction, the commission, the constant danger of losing a wallet, etc.
Leaving your coins on an exchange is way more riskier than leaving them in a wallet. Exchanges can be hacked at anytime and since there are no added securities like passcodes needed to transfer out a coin, you can lose all of your coins in the case of an hack and there is nothing that can be done about it. Always transfer out your coins to a wallet controlled by you once you are done trading.
Ive already lost my money on LR and Btce... and ready again 
Bitcoin and good alt have to hold on mew or official wallet.
Bitcoin and good alt have to hold on mew or official 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
All my high volume coin ia basically stored in hard ware wallet. This allow me to secure and keep my invest secure, it safer than a wallet since no one can hack and can intervene. Though I have funds in wallet, so anytime I could get it whenever there is an emergency. There is also a exchange wallet which really designed to store coin, its risky but not bad to use for low volume coins after all it has security features also. 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 the price of the coin went up, then you can easily trade it, but of course having your coins in an exchange is also advantageous.
Both are good but if you want to hold for the long time then choose Wallet and that provide the private key for which you only access your account and it will only up to your devices. But, for trading you must hold your asset in the exchange account.
If you write these down (again very securely) and lose your app, program or PC. You can recover the wallet with the seed or private key or wallet file.
Don't put your digital currencies on crypto exchange sites. Only use this crypto exchanges when there is a need to exchange your digital currencies. If you only know that there are many cases of crypto exchanges accused of being a scam or got hacked. It's not so safe to put in all your coins there. So use wallet instead of using the former as your digital currency storage.
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 facilitate trading, I prefer Exchange wallet, in addition to easy and simple if you use 2FA in the exchange, then all your tokens will be stored safely.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
Using an offline wallet for each coin in my opinion is not very effective.
A hard wallet is the best choice for long term hold but if you're into day trading then you have to keep it in the exchange. As mentioned by others the exchange is not as safe (it can get hack or close down) as a wallet and not nearly as safe as a hardware wallet.
I think short-term purchase and then sale, I think the stock is best on the exchange, if it is a long-term hold I personally feel that it would be better to put gold coins into the cold wallet.
I think its not that bad to hold in exchange wallets if you set nice password and 2fa. You just need to not using suspicious unknown exchanges and everything will be okay, holding in personal wallets can be quite harder than this.
I prefer having a wallet because that gives me more security over my coins
This is a difficult problem because it is safe to put it in your wallet. But if there is candy, then you need to use a private key to unlock it. This is a risk, but if you put it on the exchange, you can get candy directly, but if you are hacked, you can lose everything.
If i just want to keep the coins i will choose wallet, putting coins in exchange is something i classified as risky, even the biggest exchange can close down overnight and just give an explaination of not enough funds for operation or some similar explaination. Even if you can get back your tokens the whole process will be complicated and time consuming.
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