Topic: Exchange or Wallet? - page 73. (Read 8741 times)
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Exchange or wallet what you choose depend on what you will do. If you wanna trade your coin or if you wanna withdraw your coin in eth or btc or make real money, of course you need exchange. But if you wanna only save or hold your coin you only need wallet.
If you are not even withdrawing your tokens into btc and into fiat or you are not trading them, you have no business with the exchange. At least, it is better to keep seeing your funds growing in your wallet where you have the private key of the wallet in a safe place, than sleeping with one eyes opened if you are leaving your funds in an exchange.
It is more astute to store your coins in a wallet. Once a trading stage or platforms is hacked say goodbye to your sweetheart coins. Disregarding the way that having your coins in an exchange is exceptionally beneficial also, assume the cost of the coin out of the blue went up, you can without a lot of an extend trade it. If the coin or token has a wallet you should most verifiably use it. The disadvantage will be you dealing with another wallet.dat or whatever however that cost is little to pay if an exchange gets hacked or goes down.
if about safety i choose Wallet.
because, Wallet have a good secure to protect our asset.
but wallet can't do trade and just exchanger can do trading.
just it.
because, Wallet have a good secure to protect our asset.
but wallet can't do trade and just exchanger can do trading.
just it.
I think we'd better open a wallet for every coin we have. Is not it dangerous to keep our coins in the wallet exchange. Because there is also an exchange that requires us to enter our private key. This really bothered me.
So for security reasons I chose to make a wallet for the appropriate coin.
So for security reasons I chose to make a wallet for the appropriate 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
Most of my altcoins I keep on wallets, but some of coins of course I keep on exchanges, but on trustable exchange
If you are active traders it's ok to put some of your coins in exchange, but if you are a long-term holder then the wallet is your best choice, but do not put the majority of your coin in exchange, we have seen a lot of complaints on exchange, being hacked or compromise, so play safe wallet is still preferable.
He could be the same one. Because they are all the same.When you exchange you can also go to your wallet so both much better.planning to your new journey go for the good decision.
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 your goal is just to save it or hold it, then it's better in the wallet only. But if to trade then of course better in in exchange. 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
Depends on your plan. If you want to hodl your coins, better store them in a wallet (they will be safer there). I wouldn't leave my coins if I'm planning to hodl them long term.
If you're into trading, the obvious choice is Exchange.
If you're into trading, the obvious choice is Exchange.
it depends on the purpose of your coins. if your purpose is to earn more then you better put it in exchange and trade but if just want to hold it then put it in your wallet and secure it.
I choose a wallet. After all, this is what they can call the shots. If there are too many uncertainties in the transaction, if the account is stolen and the exchange is stolen, then only the losses will be themselves. Or place yourself in the best place you can see.
Both ways are good as they perform different functions. If you are a trading or summ of coins are negligible choose exchange. If you want to hold for a long time or have large share you should go for hardware wallets.
This is a good advice, I hope those who want to invest will always explore the best method to protect their invest. Crypto needs more time to achieve bigger success and as an investor who are supporting that should always ensure we are safely keeping our coins and tokens.
better save ur coin on wallet , with backup private key, because we never know in future if our funds in exchanges will lost or not.
because not all exchanges is save , some exchanges got hacked and all funds lost , so better save ur funds in wallet , is better than save in exchanges , not matter major market or not , because we never know their security will got hacked or not.
because not all exchanges is save , some exchanges got hacked and all funds lost , so better save ur funds in wallet , is better than save in exchanges , not matter major market or not , because we never know their security will got hacked or not.
Both ways are good as they perform different functions. If you are a trading or summ of coins are negligible choose exchange. If you want to hold for a long time or have large share you should go for hardware wallets.
This is a good advice, I hope those who want to invest will always explore the best method to protect their invest. Crypto needs more time to achieve bigger success and as an investor who are supporting that should always ensure we are safely keeping our coins and tokens.
Of course it is a wallet. It is not dangerous to trade all so many hacked and lost coins, and there is a target for hackers. Everyone knows to trade all the money.
Hi, this is a good topic to discussed because a lot of newbies and traders prefers to keep their coins on the exchangers. Well it depends on us on how we manage our financials, but remember that keeping it in the exchangers has a lot of risk because of the higher chance of getting shutdown or scam, so its better to keep it at the wallet., if you are planning for long term to medium term investments. So if you are a trader, its better to place your funds on the exchange because you gonna use it for trading.
Have a great day
Have a great day
I will put most of the coins in my wallet, so long as the key is kept, it is safe. Usually, I only transfer money to jiaoyis when I need to trade.
Both are good it's depend your condition if you want to hold coin then wallet is best at you and if you exchange your coin then exchanger is best you.
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