Exchange or Wallet? - page 65. | Bitcointalksearch.org

SarangWallet

member

Activity: 411

Merit: 10

Quote from: Janinjo11 on February 12, 2018, 01:55:57 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 I think it would be nice to keep the coins in your personal wallet (Privacy) than you save on the exchange. Because if one day want to sell it in a better exchange then there is no need to draw coin from a previous exchange. This means you will save from transaction fee.

dizzy1996

full member

Activity: 854

Merit: 102

MoonDeFi

Hi, I'm happy to answer your question, in my opinion it's best to keep your tokens on your wallet as there they are in safety since on the exchange you risk losing all your tokens, the exchange will not be able to provide the appropriate level of security

olsyd

jr. member

Activity: 448

Merit: 1

Quote

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 depends on what purpose to store coins, if for in the near future trading it's certainly better to choose an exchange, if for mining or for investment, it's better to have a cold or software wallet

mercer007

full member

Activity: 266

Merit: 100

Exchange is not a wallet. Coins in exchange is not real, it is just a IOU. Exchange can just go away or bankrupted or hacked, and you will got nothing.

Wallet is the right place to store your coins.

CoinboyBebop

member

Activity: 238

Merit: 10

Storing your coins on the exchange is much more comfetable. But its also much more risky. But i can understand the people who are storing their coins on the exchanges. Because if you have like ten different coins, the people dont want to install ten different wallets. So some people would say its easy, yes it is. But you also have to backup them all. And Theres always some problem with all those wallets. Some of them have bugs, which is a safety risk. And then its also a safety risk for all your other crypto wallets you installed on your pc.

alexhunter54

member

Activity: 186

Merit: 10

If u make daily trading and u are short term investor its better to keep them in exchange because u can lose oppurtunity but if u are long term investor its better to keep in wallet its more secure.

tunapa

jr. member

Activity: 667

Merit: 1

I will say its better to keep your tokens on the wallet because its safer and gives you rest of mind. Exchange sites can't hacked or attacked at any time which can cause loss of your tokens.

NikitaGo

sr. member

Activity: 504

Merit: 250

On the exchange and on your wallet, tokens are not safe to store, but you can still keep your wallet, and if there is a phishing attack on the exchange, you can lose everything. But all the same there is a plus in storing on the stock exchanges of tokens, if the pumping begins, then you can immediately join the auction.

Waqas vicky

newbie

Activity: 210

Merit: 0

Exchange is the best option is to keep your coins safe. because if sometimes coins pump and you need to sell it, for selling you have to transfer coins to the exchange which many times takes much time, so keeping in exchange is the best option.

HectorFabian

newbie

Activity: 138

Merit: 0

Quote from: Janinjo11 on February 12, 2018, 01:55:57 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

I think wallet is the good for the long term investment and Exchange are the good for the short term investment. both are the good and it's give us a freedom and reliable.

De_nis

full member

Activity: 560

Merit: 109

Exchange only for trade is the golden rule! It is better to keep money in a more secure place!

Profuter

member

Activity: 210

Merit: 10

Quote from: Janinjo11 on February 12, 2018, 01:55:57 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

on Exchange it is better not to keep money.. Create one wallet and keep all altcoins in it, there is no sense to create a lot of them.

stasyk411

sr. member

Activity: 602

Merit: 250

I would advise you to keep your money in your purses. So it will be safer and calmer for you and your money.

admtall

member

Activity: 322

Merit: 10

When I want to trade I hold my coins on exchange. But for long term, I usually hold it in my wallet and coins in a wallet usually get staking bonus

Harlen.t

member

Activity: 266

Merit: 10

If U are hodling long term, a wallet is safe and will provide the best solution, but if U are a trader, wallets are just not the right tool for business.

Pamplelune

member

Activity: 294

Merit: 11

WAWLLET - World’s first multi-asset wallet

Quote from: Janinjo11 on February 12, 2018, 01:55:57 PM

What is better? To keep your coins on some Exchange site or to open wallets for each coin?

In fact it's quite complicated to own wallets for each coin for those who hold hundreds of them.

Coincoin256

member

Activity: 113

Merit: 10

I think it's better to exchange, because the wallet is not always a reliable way to protect your crypt from hacking by scammers. although in fact, this is a difficult question. with the development of technology scammers also replenish their knowledge and it is terrible even to store their money on a normal credit card.

Pamplelune

member

Activity: 294

Merit: 11

WAWLLET - World’s first multi-asset wallet

Quote from: Janinjo11 on February 12, 2018, 01:55:57 PM

What is better? To keep your coins on some Exchange site or to open wallets for each coin?

If you constantly trade you probably should store them exchange. But for medium and long term hold software and hardware wallets are preferable.

vKedax

member

Activity: 420

Merit: 10

I have more confidence in my own wallets, but for trade I will use exchanges, I have no other options. Safety is very important.

ahmad21

sr. member

Activity: 672

Merit: 271

This depends on which type of investments you want to do. If you want to trade then you have to keep your funds on some exchange site. But if you want to hold your investments for long term then you should get some wallet to store your coins. The best practice is to keep your short-term funds or investments in exchange site and the long term investments in a wallet. Your funds will be more than secure on a private key wallet however they will always be prone to risk when they are on an exchange so don't keep them there for long.

Topic: Exchange or Wallet? - page 65. (Read 8741 times)