Exchange or Wallet? - page 72. | Bitcointalksearch.org

BitcoinTurk

hero member

Activity: 1694

Merit: 629

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

Having an investment in your stock market account is a long term risk. Especially if you have a high volume of crypto coins you choose, your account will be in the event of a possible hack, and all your money in your account will enter into a risk. If the site you are using is closed or advertised, you will still have your money, you can not shoot. For that reason, it is beneficial to keep your investment savings at your wallet if you need long term.

piscook

newbie

Activity: 125

Merit: 0

In my opinion, If you plan to actively trade, then, of course, better keep your money in exchange. If you are planning to hold, then wallet is a better choice. And Also hardware wallet is safer than an online wallet. The device is expensive but maybe you may lose more than the device money with any hacking case.

mammoniter

full member

Activity: 574

Merit: 100

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

It is much safer and it is a must to have a wallet for your coins if not for each coin. There are some cases of exchange platforms being hacked or out of service and most of them wouldn't also recommend you for storing your funds in them for a long period of time unless you want your funds to be placed for an opening trade in that platform then that is good but still you have to make a wallet aside from those provided from exchange platforms.

Sandy25

newbie

Activity: 149

Merit: 0

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

For me its more safer on your personal wallet than exchange if you will hold it for long term but if you trade oftentimes just keep it on your trusted exchanges.. Then pull out once you have decided to hold for long term..personally Im not that confident to put it for long on exchanges..

dubinsky

newbie

Activity: 224

Merit: 0

With confidence I will choose wallet, especially hardware wallet to save the coin. Hardware wallet is expensive, but if it's for a more security for an investment it does not matter to me. Exchange sites are too risky for hacking and theft.

torukmakto

member

Activity: 219

Merit: 10

these are very important digital currency platforms. my preference is definitely the wallet. because it is more reliable and useful. exchange sites are becoming more complicated for investors and are more affordable for internet thieves.

sungaiyangderas

member

Activity: 158

Merit: 10

in my opinion, it's better to keep your coins in your wallet, if the price of a coin suddenly rises, you can easily trade it. By keeping it in your wallet, it may take some time to confirm and during this time the price may have gone down, If you hold the coin for a long time, keep it in your wallet, and exchange it whenever you are ready or you really need to.

paramex

newbie

Activity: 182

Merit: 0

According to my way of thinking, what they often say is always or better in the wallet. because I think more wallets are protected. and also if you do not have a private key. then it's not your coins or tokens. but the best of all is not storing your coins on the stock if you're looking for a quick sale then I think it's fine. it's fine to let them in exchange and then cash out.

Bobocantik

member

Activity: 210

Merit: 10

As long as you use Exchange that can be trusted or that has a high popularity you can just keep your money there. But if want to be more secure I suggest to use a private wallet just to anticipate something bad thing happened to your money.

Horick

newbie

Activity: 14

Merit: 0

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

It is your choice. If you think it is the right time to sell then do it. Or if you want more profit, you will wait for the time the value is high, then you can save it in your wallet.

HoardApp

jr. member

Activity: 35

Merit: 3

Two words: Mt. Gox. Seriously, don't let this happen to you. This is your hard earned money & crypto. Take the proper steps to secure your crypto and its safety. This should be a priority.

iancortis

full member

Activity: 602

Merit: 105

if your plan to hold for a long time.. much better go for desktop wallet or cold wallet that you own a privatekey. exchanger wallets are use sometimes for storage but not recommended because maybe it froze or lock when the website getting maintenance. so, you can withdraw or transfer your funds.

ethergod

newbie

Activity: 168

Merit: 0

When possible, store your coins in a wallet, especially a paper wallet. Exchanges are prime targets for hackers. Also, with exchanges there is a risk of an inside job -- employees stealing. Always use 2FA as a security measure at exchanges.

bitcoinvestor

hero member

Activity: 812

Merit: 501

Quote from: Janinjo11 on February 12, 2018, 12:55:57 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 quick trade you can save in exchanger but if you want to secure your asset , wallet is better. Exchanger has risk of hacked attempt and deceive members. I lost more than 3 BTC in cryptodao because the admin cheat my deposit.

sari_

jr. member

Activity: 230

Merit: 1

Quote from: Janinjo11 on February 12, 2018, 12:55:57 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 always keep the coin that i have in wallet gan. then every time I do an exchange always open my wallet. because I think it's safer than theft. sometimes I am also worried gan because I used to have broken into my wallet .maybe it was from my own fault. because at least the knowledge about securing the right assets ..

sousay

newbie

Activity: 133

Merit: 0

I don't have any coin that's why I don't know how to react on this topic but I will take all the suggestions ceriously as a reference in the future.

Badhuamin

full member

Activity: 420

Merit: 100

for my own I keep my coin in exchange because it is quite safe and easy to sell if at any time the price back to normal.

elitemobb

full member

Activity: 579

Merit: 102

Definitely a wallet! I advise you never to keep your funds on the exchange, because when you break into the data of the exchange, all your data will be stolen, which will lead to the loss of all your funds!

FalconB

member

Activity: 266

Merit: 10

I prefer a wallet. But if you are going to store money on the stock exchange, then go to the choice of the stock exchange with responsibility. Choose only large and trusted exchanges such as Binance, Bitrix and many others

Megashaw

newbie

Activity: 168

Merit: 0

Keeping your coins/tokens in a wallet inwhich you hold your private keys is better than leaving them in exchange. If an exchange is hack then you lose your coins.
But if you day trade then you might wanna move a fraction of your coins to an exchange for easy access

Topic: Exchange or Wallet? - page 72. (Read 8773 times)