Topic: Exchange or Wallet? - page 79. (Read 8741 times)
Keep your currencies on the wallet! Its kind advise for all! Have bad experience with exchange Coingather, they scamed as I understand and I lose big money in tokens unfortunately!
for me better to put it on the wallet
The purse stores your coins, the stock exchanges usually have wallets embedded in them (a hot wallet) where you can trade your currencies. I choose a wallet
Private wallet on hard disk if u have lot of cryptos.
I would recommend much better using exchanges, don't hold on to your coins longer than needed. because a lot of people, especially those who aren’t major investors, keep their coins on the exchange where they bought it. This sure is convenient since then you can trade and store coins all in one place.
The most important and most needed two things in the digital money world are exchange and wallet. reliability and usefulness. my preferred wallet. I have not had a problem until this time
in my opinion, i like to use wallet for coins that i hold on a long term such as BTC, ETH and i use exchange for coins i hold on short-term, mid-term or trade such as monero, iota.
That's a very nice question sir, especially to the users that is still new in this ecosystem. For me it is best and advisable to hold your digital assets in your own wallet and not to exchange. I have experience it recently that for the exchange that I purchased some of the tokens, while I was on busy downloading the wallet , the exchange declares maintenance and I cant withdraw my asset. And at that time the price of that digital asset that was on the exchange goes to the peak, and I have no choice but to wait when the maintenance is over. Lessons learned. Better store your digital assets on your wallet not on the exchange.. I hope I have convince you 
good day ahead
good day ahead
It depends on what your intentions are with the coins; but the most secure option would be in a wallet if you don't intend on trading/exchanging a regularly.
still, I choose the wallet because with it we can save money in the wallet and can get the funds expended from a certain exchanger it can be seen from the situation because you exchange in the wallet will be an exchange on a regular basis
Exchange is way too vulnerable to hacking plus your coin activities is pretty much exposed, wallets are safer bet as you can chose which one works for you and encrypt it in your own liking, always stay safe
I consecrate the etherium on myetherwallet and since I participate in bounty campaigns I only use mew because the tokens come to it and there is support for ERC20
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
I think these Exchange are good for you :-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
Binance
Gate.io
KuCoin
It's poloniex, bittrex ( not recommmend for newbies because they're asking for complicated verification).
Binance is good but they got some scandals in the last time due to some problems with hjacks accounts of users.
Kraken could be a good choice also.
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
I think these Exchange are good for you :-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
Binance
Gate.io
KuCoin
Keeping your coins in your own wallet to which you have the private key, is the best option. But some people prefer keeping them on exchange sites because they can easily trade it as fast as you want. Mostly, those who do a lot of trading prefer keeping them on exchanges.
that's very true, the best step in saving coins is in the coin market itself, the market price can change quickly and we can use it quickly, sell with the right time 
Keeping your coins in your own wallet to which you have the private key, is the best option. But some people prefer keeping them on exchange sites because they can easily trade it as fast as you want. Mostly, those who do a lot of trading prefer keeping them on exchanges.
Basically it is having high risk stored your asset coins on exchanges for long-time as their exchanges doesn't giving you backup private key when anything happen with their server data that could losing your coins stored. But I also do the same thing, usually save some of my coins especially Eth and Btc that I want to trading for 1 week only, after that I withdraw it to my personal wallet.
I keep on telling people who cares to know, DO NOT ever leave your coins on any exchange. No matter how secure they claim to be, or promise to be, they can never guarantee you that their exchange won't be hacked anytime. Do yourself a huge favor and open a secured offline wallet for storing your coins. When an exchange gets hacked, it is only an apology that you will get from them, not a single coin.
but your coins from offline wallet also can be stolen. what will you do when going on vacation? you have to take Ledger with you and it may be lost. danger is everywhere.
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 hold the coin long term I suggest you to have invest in wallet cuz it secure the coins to scams 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
Usefulness of each option depends on your trading strategy. If you want to speculate in active way - you keep your tokens on exchange in order to operate them, if you have plans to hold for months - it's better to place tokens in wallets. For example MEW for ERC20 tokens.
Keeping your coins in your own wallet to which you have the private key, is the best option. But some people prefer keeping them on exchange sites because they can easily trade it as fast as you want. Mostly, those who do a lot of trading prefer keeping them on exchanges.
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