I think it all depends on the credit of the trust of the wallet and the exchange. I keep my tokens in the RL wallet - they have a full-fledged ethereum-wallet!
Topic: Exchange or Wallet? - page 69. (Read 8741 times)
I would never keep my crypto on an exchange, most are not even blockchain transactions, they just pool the crypto until it's withdrawn, very risky... look at Mt. Gox
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
For me open wallets is better that exchange site.
Open wallets (ex. Coins.ph) is for personal and private that you can still put your money to bitcoin and if the bitcoin is in the peak season then it will increase to your money. You don't need to be afraid to all hackers because they can't access the open wallets. While if you choose to put your coins in exchange site you can't assure that your account will not be hacked.
You have to remember both wallet are same type because these services can own the private key and all permission to manage your coin.
However, Official wallet or wallet for community like Bitcoin Core, Mist, Electrum, Geth, etc. are the wallets can give you all permission to own your coin.
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
For me open wallets is better that exchange site.
Open wallets (ex. Coins.ph) is for personal and private that you can still put your money to bitcoin and if the bitcoin is in the peak season then it will increase to your money. You don't need to be afraid to all hackers because they can't access the open wallets. While if you choose to put your coins in exchange site you can't assure that your account will not be hacked.
its better if you put your altcoins on your wallet, even if the exchange is fully secured you are not guaranteed that your altcoins wont be hacked by anyone.
Long-term experience shows, holding coins on the exchange is more risky than in the wallet because exchange can be attacked by hackers or it can have financial problems. Therefore, it is better to hold money in wallet.
Are you store some coins long term? I think safe way to use wallet.
Are you trading some coins short term? you can use exchange.It's good way to trade.
Are you trading some coins short term? you can use exchange.It's good way to trade.
i like store my coin at my wallet,if you not trade day by day,i think you should store 80% coin at your wallet,it is safer than exchange,there are many exchange hacked by hacker,we can't know this exchange has good security or not
In my opinion, this depends on the future plan. If it's going to be held in the long run, I think being stored in the token / coin wallet would be better. But if the plan will be held in the short term, it would be better if disempan on exchange, at least this will minimize the amount of fee when transfer.
if you save some tokens or coins I recommend in the wallet only,do not store in the exchanger because very vulnerable hacked.
Of course it would always be better to hold your token or coin in your own wallet.
We never know what could happen in the trading site they could be shutdown or be hacked .
We never know what could happen in the trading site they could be shutdown or be hacked .
In my opinion, this depends on the future plan. If it's going to be held in the long run, I think being stored in the token / coin wallet would be better. But if the plan will be held in the short term, it would be better if disempan on exchange, at least this will minimize the amount of fee when transfer.
In my personal opinion, I think it is better to have several wallets for different coins. Also this is due to the fact that your wallet can be hacked. View different wallets, both traditional and new, for example NEO and others.
If u are daily trader u need to keep your coins at exchange but if u are long term trader of course its better and more safe to keep it at your own 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
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
Keep your coin in your own wallet, if the price is increasing and you're ready to sell all of them, then you can sell it in the Exchange which dominate the value of the altcoin you wanna sell, so you can easily sell them in the exchange
I would recommend using the Metamask wallet !
It is more secure from all online wallets
It is more secure from all online wallets
You want to exchange it on the exchange floor, you want to keep it longer to be on the separate wallet
If I put more coins in the purse because I can't trust 100% on the exchanger, because if we keep all assets on the exchanger and if something occurs, as MTgox, then the asset will disappear therefore the exchanger is used only when I want to sell or buy coins as you do it.
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
there is no safe place even in your wallet or exchanging sites if you have accidentally provide your private keys and password to anyone.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
it is safe if your coin is on wallet or exchange as long as you are the one that has the access on it.
If I wanna to hold for long term.
I to keep private keys somewhere safe.
Keeping your holdings in exchange can be big threat against your expectations regarding selling them for profit after some time
I to keep private keys somewhere safe.
Keeping your holdings in exchange can be big threat against your expectations regarding selling them for profit after some time
That is the best way to do, the safest way. If you hodl for a long term then the best thing to do is storing in a safe wallet like a hardware wallet.
But I personally left some amount in exchanges, in case I want to do swing trade. But only small amount not that much
Keep on the stock exchanges only the money that you trade, put the rest to your wallets for keeping.
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