Topic: Exchange or Wallet? - page 76. (Read 8741 times)
Saving in exchange is very risky. If you want to save on an exchange, better keep it on a reputable exchange but you should still review it every day to keep funds safe there.
If you have many tokens or alts, do not put all of them into exchange wallet because you have potential possibility to lose them. I suggest you put them into wallet and keep your private keys. Also, anything may be hacked, so make sure take care of your BTC and alts.
The wallet is suitable for coins that you plan to keep for a long time. From the purses I prefer MyEtherWallet. If you often trade, it is better to keep on several exchanges with two-factor identification.
You do not control the private keys of the wallet in an exchange, hence the wallets doesn’t belong to you. You are at the mercy of exchanges if one day it closed down and run away with your money. Another cons is whenever there is airdrop or fork, it depend on the exchange whether to give you the free coins or not. 
ou better keep your coins in your wallet. Once the trading platform is hacked, say goodbye to your favorite coins. Even though your coin in exchange is quite profitable too, let's say the price of the coin suddenly rises, you can easily exchange it. By saving it in your wallet. Some exchanges have their own features that can help you earn a number of advantages such as borrowing in a pattern. But holding on to the exchange always has a small risk.
It sums up by long term or short term. If you are going to hold it for long term and in huge balance, it's wiser to put it in a dedicated wallet. If you are to deal with small amount and you trade often, trusted exchanges can be the best and suitable wallet.
if there is an exchange why in the hold on the wallet .. direct deal on the exchange..to keep if there is a high bounce price directly on jual.better than must move the balance.i think if any exchange send and standby balance at there market...and hold price
I'll go for exchange. In exchange I can make my money grow by converting what coins that I'm holding.
Unlike in wallet, its just in one place keeping what I have. Stays what I have. In exchange there's a possibility that my money may increase its value.
Unlike in wallet, its just in one place keeping what I have. Stays what I have. In exchange there's a possibility that my money may increase its value.
If you are trading often you may put some portion of your coins in exchanges so it will be more convenient for you to trade back and forth.
Just don't forget to withdraw your profits/earnings to a much reliable wallet.
Just don't forget to withdraw your profits/earnings to a much reliable wallet.
I think you better choose a wallet because it keeps your money in your wallet securely and can spend money for a certain time because using the exchange you can get funds from the exchange that is done if for the wallet can be a regular exchange
I think the wallet is safer than the exchange. Because Etherdelta has been invaded many times and has been closed. also there are security exchanges for altcoins, such as Kucoin and binance.
in my opinion, for hold long-term, I never leave my coin on exchange, when you did not have your private key, that mean you don't really have your coin. exchange is a kind that, they have your coin, not you.
Saving the earned coins is very important, I will keep my coin in the exchanger when I want to sell it, and the safest place to store the coins already earned is in the personal 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
If you want to increase your coins through trading then I'd suggest you store it in an exchange but also bear in mind that there's a high risk that an exchange will be closed or bankrupt anytime or it can be hacked just like other exchanges (Mt. Gox, Bitrail).
If your just plainly storing your coins for as long term investment then the best thing to store your coins is through a hardware wallet. Right now I'm using Ledger Nano and its very user friendly and secure as well.
Here is a link that can help you decide on which hardware wallet that you want to use in the future if you prefer to use one. https://coinsutra.com/best-hardware-wallet-bitcoin/
both of them are beautiful. sometimes the exchange is nicer and sometimes the wallet. because if we need to trade we need exchange.
I agree with you. It really depends on what are we trying to do with our coins whether trade it or just leave it stored for years. Sometimes when the market is on green train we tend to like want to trade and play with our coins to get some profits.
For Bitcoin and Ethereum, I prefer to continue using my trusted exchange and all my tokens.
Your assets will be good if you can still control it, then safe
Your assets will be good if you can still control it, then safe
Hardware wallets are more secure than stored token exachange. But when you see a good price in the exchange and want to sell your token, you will wait until the token will be transferred from the wallet to the exchange.
if you want to trade often then exchange. if you wand to hold for a while hardware wallet. from a full member i'm surprised by this question.
Go Green!
Go Green!
Exchangers is the worst place to keep your coin. your coin can easily be stolen. please keep your coin in wallet where you have the private key.
Well, I've heard so many stories about coins being stolen from wallets. So nothing is 100% safe.
Almost all exchanges already have 2FA which makes them a better place to store your funds. And I still don't see any 2FA in MEW, for example.
Exchangers is the worst place to keep your coin. your coin can easily be stolen. please keep your coin in wallet where you have the private key.
Well, I've heard so many stories about coins being stolen from wallets. So nothing is 100% safe.
Almost all exchanges already have 2FA which makes them a better place to store your funds. And I still don't see any 2FA in MEW, for example.
I can only leave my coins at the exchange during the period I want to get it traded. Aside this, I always and shall forever continues to leave my funds in my wallet wherever and whenever I acquired them in one way or the other. I believed the risk involved in leaving funds at exchanges is higher in terms of been hacked or scammed, since exchanges are one the most targeted areas for these ridiculous scammers and hackers.
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