Topic: Exchange or Wallet? - page 58. (Read 8771 times)
Keep them in your wallet, you would never know what will happen to the exchange whether its hacked or they are runaway. Be careful when keeping coins too long in exchanges.
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
Does myetherwallet not allow you to hold any coins, even those that have not yet entered the markets? I just use it and I'm fine with it and I don't bother. 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 it's better to keep money in a wallet. Once the trading platform is hacked, say goodbye to your favorite coin. Although it is advantageous to use COINS in exchange, you can easily trade if the price of a coin suddenly rises.
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
Based on your need anyway. If you plan to trade your coin, just keep it in exchange wallet. If you plan to hold it for a quite long time you can store in online or hardware wallet. Or for security reason, you want to use a hardware wallet too. I think the cons using exchange wallet that your coins can be delisted if it turns out to useless coin.
Well if yoy are going to do some short term investmeng why not put it on exchanger so whenever it pump you can just convert right away but if you are doing some long term investment why not put it on wallet for much more safer
If you want to do trading and make your coins active and growing, go for exchange. If you want to hold your coins and wait for the right moment to sell them, go for wallet. Wallet is for storing your coins.
if you are planning for long and medium term investment.
so if you are a trader,
it is better to put your funds in exchange because you will use them to trade.
so if you are a trader,
it is better to put your funds in exchange because you will use them to trade.
If your coins are kept in a cold wallet, you simply will not have time to sell them during growth and you will lose profit. So it's better to set up 2FA on your account and store money on the exchange, I think they will be well protected well.
Leaving your Bitcoin on an exchange is not considered a safe way to store your Bitcoins because exchanges are a huge target for hackers and are consistently under attack.
One of the best options for bitcoin storage and security is a bitcoin hardware wallet
One of the best options for bitcoin storage and security is a bitcoin hardware wallet
Exchanges may fail or be hacked, so why not to secure them, exchange is actually good if you want to buy fast tokens as they grow up as there is no need to transfer fiat or token to exchange or to buy them.
Most part should be stored in a Wallet. If you want to trade you should have some in an exchange
If your purpose is to buy and hold, a wallet would be the best choice.. If your purpose is to trade with different currencies, then obviously and exchange would be most convenient.
Most part should be stored in a Wallet. If you want to trade you should have some in an exchange
The largest part of your portfolio should be stored in blue chips in the wallet, or in fiat USDT. It is reasonable to store at exchange some assets waiting for the pump/dump action.
I think if you want to deal every day, you should be in exchange, I think the Binance, Bitrrex, Bitfinex exchanges is better, if you are a long-term investor, I suggest you on myethwallet or imtoken mobile wallet.
For long term holding use a hard wallet it is the most secured place you can store your coins. Only put on exchange if you will day trade and never login to any other device for extra security. change your password once in a while also and you will be ok.
Wallet is more safer then an exchange. But it depends on your use of the currency. it depends on what you gonna do with your coin, trading or only holding.
If you holding the coin transfer those to a hard wallet and keep it safe.but if you wants to trade left them on exchange.
If you holding the coin transfer those to a hard wallet and keep it safe.but if you wants to trade left them on exchange.
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.
Only hardware wallet which stores the user's private keys in a secure hardware device. If you lose your hardware wallet, you can always restore all your coins on a new wallet.
In my opinion, i like to use wallet for coins that i hold on a long term such as BTC, ETH and i use exchange for coins i hold on short-term, mid-term or trade such as monero, iota
It is depend on your requirement. We use exchange for day trading. Wallet is used for holding. hardware wallet much better than online wallet.if you have enough capital purchase hardware wallet (Ledger , TREZOR) . If you are use online wallet (like MEW) and I am not a recommended way to access your wallet using your private key , Keystore / JSON File , or Mnemonic Phrase..
Jump to: