Exchange or Wallet? - page 66. | Bitcointalksearch.org

twostepsally

sr. member

Activity: 630

Merit: 253

Quote from: Tercyduq on April 29, 2018, 01:10:54 PM

The better to store your coins in a wallet.Once a trading platform is hacked say goodbye to your beloved coins.Though having your coins in an exchange is quite advantageous too, let's say the price of the coin suddenly went up, you can easily tradeit.Having it in your wallet, it will need quite some time to be confirmed and during this time price might have already dropped. Good luck

Don't exchange the any coin. Just hold the coin long time. It good opportunity for the future saving and plan to work. Wait for the price increase. Then exchange. If need more information check the market place price. Then get more ideas. It time to change the price. So you know the price information. Then get some ideas for plan to exchange on time.

bitdealer91

full member

Activity: 420

Merit: 108

Everything will hang from the amount, and the period, in which you want to sell them. If you took a coin for one week, I do not see the point of sending it permanently, because the commissions on the exchanges are large.

pazzanegro

member

Activity: 434

Merit: 10

Before mew was hacked I was thinking the best way to store is to store it in gui wallets. But now I'm thinking its not, exchange is also better for instant operations

noneedmoney

newbie

Activity: 196

Merit: 0

If you are doing daily trader there is no point moving out your crypto off the exchanges. But if you are longer or mid term holder then you have to store it in their wallet. Good thing you have an off line wallet that support most of the cryptos. For erc20 you can use myetherwallet to store all erc20 token.

Tercyduq

full member

Activity: 322

Merit: 100

The better to store your coins in a wallet.Once a trading platform is hacked say goodbye to your beloved coins.Though having your coins in an exchange is quite advantageous too, let's say the price of the coin suddenly went up, you can easily tradeit.Having it in your wallet, it will need quite some time to be confirmed and during this time price might have already dropped. Good luck

OddEvenBets.com

full member

Activity: 1022

Merit: 100

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

Better keep all coins in own wallets.
No need open wallets for each coin.. I use Coinomi, this is Multi-Asset SegWit-Enabled Wallet for Bitcoin, Altcoins and Tokens.

Ben K.

member

Activity: 103

Merit: 124

ONLY keep your coins on an exchange if you plan on selling/trading them. If you are not making short term plays it is FAR more secure to keep your holdings in a cold wallet. If you use anything other than this, you are placing the responsibility of your assets in someone else’s hands.

gerjiss

member

Activity: 336

Merit: 10

I think that money should be stored on the wallet as it is for this and created. If you want to place orders for the sale of any coins, then you should definitely withdraw funds to the exchange.

jamesdean35

member

Activity: 336

Merit: 10

Wallets lost their significance after operations on the wallets by harckers on the digital currency platform. At the moment I find exchange sites more appropriate

yapa ve yalniz

full member

Activity: 463

Merit: 107

I definitely recommend the wallet.
2 stock market frauds appeared in 1 year.
there is no need to take a risk.
wallet is the best.

MarlonDamon

newbie

Activity: 132

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

If you hold the coin for the long term I suggest you to use the wallet. cux it's pretty safe and a good reason.IF you trade the coins an I think Exchange are the best.

mysterecryptoooo

jr. member

Activity: 238

Merit: 1

I think it s arbitrary, either you are day trading, you d keep them to exchanges. If you are a strong hand, a Hodler! you will keep them in a wallet.

Let s not forget there are fees for each transaction

efey39

newbie

Activity: 266

Merit: 0

Wallets and security on digital currencies are very important. I thought the wallets were safer earlier than before, but recently I went to exchange sites after playing the tokens from hackers' wallets

btcbabhh

full member

Activity: 307

Merit: 100

I think i prefer to keep your coins in any secure wallets instead on exchange site, ' to make sure that your coins is in a safe place. 'cause honestly we are not sure if the exchange site will stay forever and to be honest there are some exchange site.

Nivelir

full member

Activity: 588

Merit: 100

I will always say that it's better to keep crypto currency in your wallet, but there are times when it's better to keep on exchanges, for example, when different forks are issued, but such cases are very, very rare, so today it is not worth keeping assets on stock exchanges, there is a risk of losing funds.

bapetdik

full member

Activity: 373

Merit: 100

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 it depends on you. Usual if stored on the exchange site it will be used for trading. If for investment then you save on your wallet, especially if for long-term investment. I suggest to save in the wallet. I think it's pretty safe and a good reason.

Wearegoodfrends

newbie

Activity: 238

Merit: 0

If your tokens do not need to trade, it is certainly better to translate on the wallet. Although, I trust major stock exchanges -- such as binance.

franklinrichards

jr. member

Activity: 239

Merit: 5

if you lose your wallet, forget it, or your hard drive crashes.
and if you make a wallet, you will be given a private key.
Basically, back up your wallet and seed or personal keys from other people and at other locations.

Alfiah

newbie

Activity: 168

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

if you want to keep your coin, yous should use wallet better. you can use exchange for trade.
personal wallet will keep your coin secure.

Lintel

sr. member

Activity: 638

Merit: 300

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

you can use both wallets.I mean if you want to trade, obviously you will use the exchange before you can trade but if you want to keep your tokens it is your wallet . Me I have my mew and also I have some of my tokens in exchange because it is ready to sell anytime it will pump a bit.

Topic: Exchange or Wallet? - page 66. (Read 8741 times)