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Topic: Exchange or Wallet? - page 89. (Read 8773 times)

hero member
Activity: 756
Merit: 500
April 01, 2018, 12:22:03 PM
wallet is more safe than exchange. If the private key is not yours, you are not the owner of that wallet. in this reason wallet is more security than exchange.
member
Activity: 182
Merit: 10
April 01, 2018, 12:20:15 PM
I had a bad experience of keeping money on the Bittrex exchange when I could not get through the verification and withdraw funds, so it's better to keep money on the wallet, preferably on a USB flash drive
Of course, storing coins on a hardware wallet is the safest way to store savings, but the storage of funds on the exchange has some advantages. For example, some large exchanges are very well protected from hackers, at least the stock exchanges themselves declare it.  Cheesy  In addition, if the funds are on the exchange, you can very quickly make a sale transaction and earn money. I think that it's best to keep the bulk of the funds on a hardware wallet, and there should be a small part on the stock exchange.
member
Activity: 196
Merit: 10
April 01, 2018, 12:03:08 PM
For a better safety need to be control of the private key of the wallet on our hands i think best option is use a multi currency hardware wallet
member
Activity: 336
Merit: 11
Victorieum Digital Wallet Revolution
April 01, 2018, 06:12:47 AM
I need a more sophisticated wallet that can link easily to an exchange and makes managing my coins easier and not more difficult and risky. I don´t see that product in the market.
newbie
Activity: 122
Merit: 0
April 01, 2018, 06:02:27 AM
Good counsel!. I read a lot of useful information here! Because I'm considering it, too.
copper member
Activity: 124
Merit: 0
I buy/sell crypto worldwide
March 31, 2018, 10:45:39 PM
if you are a trader the best way to keep your assets is on a exchange. if you are using MEW import thingy I should recommend you to use metamask extension. I do usually trade in Ether Delta . Idex Coinexchange binance and Cryptopia, as a trader I am leaving my coins there for about 3 months and then do a trading. with that I can manage to double my investments and just wait .
but the best way is to store to your wallet because sometimes exchanger can scam us because they do own the control of that


+1
jr. member
Activity: 224
Merit: 6
The revolutionary trading ecosystem
March 31, 2018, 10:33:41 PM
To be on the trading floor when you use that short-term, long-term you should be in the cold wallet.

Wallet if you have plan for a long term investment but much prefer into "hardware wallet" in which for me is the safer. Try then to observe market value if turn profitable then the time to make an exchange. Doing both simultaneously is much better depending in your financial stability.
member
Activity: 285
Merit: 10
Hybrid Exchange Multi-language platform that works
March 31, 2018, 10:20:49 PM
I had a bad experience of keeping money on the Bittrex exchange when I could not get through the verification and withdraw funds, so it's better to keep money on the wallet, preferably on a USB flash drive
member
Activity: 280
Merit: 10
March 31, 2018, 10:13:31 PM
It's a no brainer.  Your personal wallet will always be safer than keeping coins on an exchange but if you're an active trader, you will have no choice but to keep some coins on an exchange which should be fine as long as you're trading an a reputable exchange.
I advise you if you want to keep the assets in the wallet only,
do not occasionally in exhanger, because it is easily hacked
newbie
Activity: 83
Merit: 0
March 31, 2018, 09:57:38 PM
To be on the trading floor when you use that short-term, long-term you should be in the cold wallet.
member
Activity: 266
Merit: 41
March 31, 2018, 09:46:36 PM
My #1 rule is... only leave the amount on the exchange that you will be actively trading within the next two weeks.  My exceptions to this rule are tokens that serve a purpose specifically on that exchange, either for discounted fees or other benefits (ie. exchange tokens).

All other coins are best kept in cold wallets, or at the very least your own hot wallets - if staking, etc - to which only you hold the price keys.

If I'm planning to trade, I'll move the amount of paired currency to the exchange, place my buy/sell order and then remove the resulting token asap.

That said, for exchanges such as QUOINE/QRYPTOS, where all funds are kept securely offline in their cold wallets, I would be happy to leave some tokens there in the event that a bargain opportunity arises.
newbie
Activity: 168
Merit: 0
March 31, 2018, 09:40:02 PM
It's always best to control your private keys. Keeping funds at an exchange is useful when you expect to do more trading on the exchange. Exchanges are also very vulnerable to hacking attacks.
sr. member
Activity: 453
Merit: 250
March 31, 2018, 09:38:32 PM
It depends on what you want to do. If you want to trade coins, you use exchange wallet, but if you want to hold your coins for a long time, you can use PC wallet. If you want to use a switch wallet, be careful, because some switches have problems in transactions or complaints, so it's best to find a good switch. The best way is to use PC wallet, because you completely control your wallet.
member
Activity: 530
Merit: 10
Revolutionizing Crypto Payment Solutions
March 30, 2018, 03:10:40 PM
dominant in the exchanger because it is directly connected to the trade, if the fear of funds and accounts are not guaranteed, then you should set aside the profit to the private wallet gradually, in this case hardwallet is the solution, all the wallet has a portion because not all can run on the same platform at once
hero member
Activity: 770
Merit: 500
March 30, 2018, 02:24:09 PM
It's a no brainer.  Your personal wallet will always be safer than keeping coins on an exchange but if you're an active trader, you will have no choice but to keep some coins on an exchange which should be fine as long as you're trading an a reputable exchange.
member
Activity: 145
Merit: 10
March 30, 2018, 02:23:34 PM
actually it is also safe to keep a coin in exchange, but you need all the same to have the account of the Purse. for each transaction we need btc or eth the address therefore coins can be sent to the appointment address. if It is already sent, then automatically at the exchange will also exist because we imported our purse there.
hero member
Activity: 1148
Merit: 518
March 30, 2018, 02:20:04 PM
I prefer to keep coins in my purse, I feel more at ease. I believe that the transfer of coins to the stock exchange is necessary only for the performance of operations of purchase and sale. After that, you need to transfer the coins to your wallet. Exchanges are often hacked and users lose their money or are forced to wait long for the coin to be returned. Your own purse is more reliable.  Smiley
full member
Activity: 882
Merit: 110
March 29, 2018, 02:38:31 PM
I chose the wallet to keep my coins including the wallet offline, because with the wallet offline I can control my own assets and maybe I can feel safe and protected from hacker attacks.
newbie
Activity: 138
Merit: 0
March 29, 2018, 02:35:47 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
MY opinion These Exchange are the good ones in 2018:-

Coinbase

Bitpanda

CEX.IO

Kraken
legendary
Activity: 1932
Merit: 1549
March 29, 2018, 02:11:38 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
Keeping coins in the wallet is a good choice but you have to keep your private key in a safe place, and with time you make good profits. If you are a trader you have to keep them in exchange site and you may lose them. good luck
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