Topic: Exchange or Wallet? - page 74. (Read 8771 times)
Wallet of course. Exchange can vanish at any time but your personal wallet is yours until forever. It is safer than exchange wallets that can be hacked by an inside job worker. So if I were you use wallets, especially offline wallets.
Do not save your cons on exchanges! You can lose all of your money, be careful and use offline wallets.
Bitcoin exchange is a website or service that lets you convert fiat currency like US dollars and Euros to Bitcoin. In other words, exchanges buy and sell Bitcoin at the current market rate. Bitcoin wallet is basically a software program in which you store Bitcoin. A Bitcoin wallet actually contains one or more private keys that allow you to sign transactions. I prefer to secure my bitcoin in the wallet.
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.
If you are a crypto believer and enthusiast and interested in long-term investment - crypto wallet is what you need . Using your own wallet you can be sure that you will not lose you coins if exchange will decide to temporary delist it . (such things happens from time to time) . Also , it will protect you from exchange's scam-exit . You will be the only person who control your tokens . But if you are a short-term investor , there is no need for you to store funds on a personal wallet . Storing your funds on exchanges gives you mobility and thus , increase your chances for a profit .
Now on major exchanges to keep their coins is not dangerous. After all, a reliable exchange, for example, Binance will return the money to its users in any scenario.
You are the only person who keeps all information, private keys or anything else to access your account. The site will no longer base the database on every wallet. Means if you lose the key, myetherwallet can not recover it. Unlike an exchanger, you will rely on web site security and cons with a hack-prone exchange. Therefore I prefer the best wallet like myetherwallet
Now on major exchanges to keep their coins is not dangerous. After all, a reliable exchange, for example, Binance will return the money to its users in any scenario.
It is always safe and better to use wallet most specially if you would like to hold coin in a long term. There are lots of wallet that is suitable for you and depends on the coin that you have so if you will just need the coin for a day trade it is better to keep this in exchange so you may avoid certain fees most likely of you are trying to roll your coins.
for the sake of security I think you better keep it in the wallet for long-term investment, if you want to profit from trading you can trade also there and take advantage menyimpanya on a trusted trading site
yup, i hold my bitcoin, and litecoin on ledger nano for long-terms investment and i hope thats will be good for my future, and right now i also save some of my fund on trusted exchanger sites 
An exchange is where you buy or sell cryptocurrencies. Wallet is where you keep cryptocurrencies you've bought or have received. The wallet is owned and controlled by you Note that Exchange can be hacked anytime, so you are advice to get a wallet in other to secure your coins.
They serve different purposes. Exchanges exchange, wallets store. Wallet is just an interface that generates your keys and helps you with transactions. In case of exchanges it’s the place where you can store, trade and exchange your crypto for fiat. Need long-term storage - go for wallets; Need flexibility while trading - go for exchanges.
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 security, better to the wallet itself, including the widely used MyEtherWallet, MetaMask and IMToken. Because if the exchange site is still young and scam and close the web, your balance will be lost. 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 should keep your coin in your wallet. Do not stay at the exchange. because they will not be safe. Can be hacked at any time. Be careful your money is above all
Reliable exchanges are good to store fiat money or USDT during market correction when you've just sold on HIGHS and are snooping on the right point to Buy on LOWS. In other way it is better to store on different wallets.
I think you should be keep your funds in your exchange wallet and you should be careful on which exchange site you are going to store it .Make sure they have a good reputation or background on their security .But wallet is more safer then an exchange ,but it depends on your use of the currency ,it depends on what you gonna do with your coin , trading or only holding !
It depends on what you want to do .if you are going to trade is an exchange or if want to hold you can choose wallet then you can control all your assets as you want.
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 have long-term storage, you should use wallet software, but if you want to trading on exchange, you should keep on it. for easy transfer and trading! 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 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
hi, i dont have yet enough experienced but base on my observation, if you choose wallet it should have cyber security not to be hack by others, otherwise others will take advantage on it.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 exchange site, make sure a trust worthy site not to scam you...
.. that's my insight, thanks
keep coins on the exchange - it is dangerous, but in this case, you can quickly sell them at a convenient case. If you store coins in your wallet and want to sell them, you can miss the price, but this method is much safer. Trader=exchange, Holder=Wallet.
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