Exchange or Wallet? - page 9. | Bitcointalksearch.org

leonidas89

newbie

Activity: 73

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Quote from: Janinjo11 on February 12, 2018, 01:55:57 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

If you are planning to hold for a while then a physical wallet is definitely your safest bet, especially with all these stories of exchange and online wallet hacks nowadays can't be too safe!

Vabinu9911

newbie

Activity: 7

Merit: 0

If you trade day today it is easy for you to keep it with exchanges. But your purpose is to hold for a mid or long term then you can keep in a wallet. By keeping a wallet is always safe and it is very difficult hack these method. But there is a chance to hack exchanges when comparing to wallets. So it is advisable to keep in wallets unless you are not doing trading always.

harapan

sr. member

Activity: 1736

Merit: 306

I have lost money in exchange because I did not immediately move it to the wallet, saving coins in exchange is very risky and I suggest to anyone to save the coins you have in the wallet

ucsteddy

newbie

Activity: 42

Merit: 0

Both have its different functionality and connection with each other. In terms of safety you should keep it on your wallet if you also want a long term you have full control on your coins. Exchange is the fast way to sell your coins and after that you still need to keep it on your wallet. So in short, it depends on what are planning to do with you coins, long term investment or short term always trading?

Symplan0923

newbie

Activity: 7

Merit: 0

you should keep your bitcoin on a flash drive with your wallet encrypted with a strong password. This prevents theft. Modern bitcoin theft involves inside jobs like an employee just transferring the bitcoin wallet on the exchange to a laundering service. Another form of theft is the exchange being subject to a hacking attempt which succeeds. The attacker then sends the exchange’s wallet to a laundering wallet. In the end, you would have to lawyer up and likely lose most of your bitcoin in the end.

Sunyoto

member

Activity: 574

Merit: 10

I'd rather keep your bitcoin in the market, so we're easy and safe to trade, because it's also safe for us to make a good profit every day.

Werfomu

newbie

Activity: 37

Merit: 0

Truly that is the con of having our coins in our wallet in light of the fact that occasionally we extremely missed the pump and I wager everybody realized that inclination. Be that as it may, if our coins are in our wallet we don't have to stress if the trade gets bargain. So it's a win or lose circumstance for everybody

Mr.Pro

sr. member

Activity: 644

Merit: 251

Exchange = easier way to donate your money to hackers and waiting for your money to disappear someday
wallet = safe and no deposit/withdrawal limit and no KYC.

Julskybtc1

newbie

Activity: 104

Merit: 0

I think its safe and no problem so far and i can doing trading faster if i want to . I been using mew too and its good and safe too. The point is you need to know where you store your coins, you need to know who they are who hold your coins so it will be safe.

Cj29

newbie

Activity: 99

Merit: 0

Will for me ill go to personal wallet not on the exchanger wallet. Because lot of exchanger now are being hack thats why to be safe it will be good to go on a mew or metamask or ledger. Bufor me mew + metamask will be good

nebuch

member

Activity: 588

Merit: 11

Quote from: marn6767 on July 14, 2018, 07:48:19 PM

I certainly do not recommend that you keep your crypto assets on the stock market if you do not buy it. You may be exposed to any hacking event and lose your assets. Take care to keep it in your purses as much as possible

Very risky to store your entire assets in exchange wallet for there are instances of hack activities. Once your wallet hacked everything will absolutely gone. Better you have full assurance of gain and not about the loses at the end. So, take care of your assets to make it meaningful when time comes.

Wildskull

newbie

Activity: 238

Merit: 0

If you trade on the trading floor then you definitely have to let the crypto on the trading floor. You can also store crypto on online wallets, but I recommend that if you want to keep the long and stable crypto you can store on an offline hard drive, that is the safest way to protect your assets. But remember to keep the private key carefully.

AntiMage007

member

Activity: 364

Merit: 12

Quote from: Janinjo11 on February 12, 2018, 01:55:57 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

If your tokens are ERC 20 or NEP-5 and You going to long hold please use hardware wallet this is the best way for safe your funds, Exchanges have a secure method but most of the exchanges got hacked, If u need to long hold you should use hardware wallet Ledger is the best option

samuelphedra

newbie

Activity: 45

Merit: 0

Keeping coins in wallets is safer, if the save in exchange security is very weak and easy to hack. So I suggest when saving in the wallet and when on exchange only when selling coins only.

Considered

full member

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Keeping your money in exchange wallets are some risks that we take but is not worth it, we all have heard exchange platforms get hacked most of the times with millions on dollars getting lost,. Just a show that they aren't as safe as we might might want to think. You are better off keeping your money in wallets where you have total control over them, and you can encrypt then whichever way you want

Japinat

hero member

Activity: 3052

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Quote from: Hadarula on July 22, 2018, 07:19:45 AM

Quote from: kostepanych2 on July 22, 2018, 07:18:02 AM

Exchange is easier.
Wallet is safer.
If you hold many altcoins by a little amounts, I think exchange is better.
If your have big amounts of altcoins or bitcoins - use wallet.

well, yes, i think that you are right and a person should choose what suits bettre for his or her own business

If you hold I think you should not put in exchange, I use exchange when I trade actively because I can set orders.
Even if exchange is bigger but you could not say it's safe because we have seen and heard a lot exchanges getting hack, we should be careful.

Senkuli

full member

Activity: 304

Merit: 100

www.daxico.com

I prefer to keep my altcoin assets in my wallet, I think it's safer than putting my coins on the exchange site.
I will only transfer my coins on the exchange site if I will trade only because it is not safe also if we put the coins for the long term and I will move back my coins to my wallet after finished trading.
So, it's safer putting my coins in the wallet than in the exchange site.

kobe24

sr. member

Activity: 616

Merit: 250

www.cd3d.app

Quote from: unbotak on July 21, 2018, 01:30:04 PM

for now I prefer to keep it in Exchange because the price is still changing and I'm sure the price will rise again. but if you want to keep it in the wallet, I think it is a good choice too. it all depends on each taste

Storing your coins in exchanges is not a wise idea because nowadays exchanges is the biggest target of hackers so you can lose it.

Hadarula

jr. member

Activity: 252

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Quote from: kostepanych2 on July 22, 2018, 07:18:02 AM

Exchange is easier.
Wallet is safer.
If you hold many altcoins by a little amounts, I think exchange is better.
If your have big amounts of altcoins or bitcoins - use wallet.

well, yes, i think that you are right and a person should choose what suits bettre for his or her own business

Hadarula

jr. member

Activity: 252

Merit: 1

EVERID Decentralized platform for a new Economy

Quote from: Janinjo11 on February 12, 2018, 01:55:57 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

well, i think that it depends on the current situation, so i believe you should think what is better for you nowadays

Topic: Exchange or Wallet? - page 9. (Read 8740 times)