Topic: Exchange or Wallet? - page 90. (Read 8771 times)
If you want to do trading and make your coins active and growing, go for exchange. If you want to hold your coins and wait for the right moment to sell them, go for wallet. Wallet is for storing your coins. Exchange is for moving up your coins. If you have several coins in your wallet you can actually trade some of them and choose which ones can be traded in exchanges.
It depends what you want to do. If you want to trade then obviously an exchange. If you want to hold then wallet is best as you have total control over your assets. You have the keys to access wallet and you can send where you want.Some holders are having problems getting funds released from certain exchangers.
yes I think it depends on you. Bitcoin in its trade resembles the gold trading of precious metals. Why is it said to be similar to buying and selling gold? because when you trade to buy bitcoin with bitcoin exchager Bitcoin actually you have is yours and can be stored wherever you want and can be in exchange directly if you feel it is more profitable.
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.
Each of us has his own experience on the basis of which he makes a choice to hold cryptocurrency on the exchange or on the wallet. I think most of the coins it is better to hold in the wallet and tokens for which the price is constantly changing it is better to hold on the exchange.
If you are a day trader or want to get into new projects as soon as the hit exchanges, then mostly your token will be on exchanges so choose the safest you will want to leave your tokens in, but if otherwise then just leave them in wallets
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
depends on you needs from the coin it self, hold it in the wallet much better and safe than the exchange and transfer with less fees possible, the exchange opening through the email confirmation and there is some people can hack your email and open your exchange account, but the key is to hard to get it for them, another thing is some times exchanges changes their rules and they can bans your account or freeze it and you can retrieve it after many procedures and that not good and that's can forbid you from a decisive moments when you want to sell.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
Wallets much better for hold and it's more safe and exchange only for trading.
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
personally i keep my coin in exchange wallet . The reasons is i doing trading so much, exactly everyday and i need fast transaction so when i want to do trading i can do it instanly . I think whether you safe your coin on exchange or in wallet is good thing as long as its trusted and have a good record. 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 a long time HOLDER then leave your coin in the wallet but if you are a trader then leave it on the exchanges. but it is always better to leave them on wallet, paper wallet or hardware wallet like the in coming Xzen wallet.
Because my purpose to bought crypto only to make profit from trading so i prefer to keep it in exchange, i have plan to increasing the profit by compound and then when i reach the goal , i will withdraw half of it to fiat. I dont have any plan to hodling any coins so i prefer put coins in some exchange. But when hodling any coins for years will better use personal wallet that we have control with the private key, this is will be much better for security reason.
Everything is up to your target. If you micro earner and you plan to cash out your earnings like weekly then there is nothing serious to keep your coins on an exchanger. That's how I do actually. So, if you are keeper and the sum of coins is raising nonstop my recommendation to you is to hold them on wallet and better use for it a checked wallet like hardware wallet on computer with good anti-virus.
at this stage of market is in very dump condition so hold the investment....its all depend on your mind ...how much risk you can bear ...so i recommend you hold it
Wallet, because it will more secured in my wallet till I feel like trading it
Why would you create different wallets for each coin when you can keep all in one wallet. And you don't need to keep your coin in exchange if you are not ready to trade. Eclxchange wallets are meant for trading. And if on a decentralized exchange you can easily loose your coin.
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 an active trader then wallet is your best choice, so you can trade continuously, but if you are a long-term investor and just want to hold it's better to hold your coins to a wallet where you can control the private key, in my case I made it 50/50 in case the exchange go down or my private key is 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
On my own opinion i will go for exchange coz it will be more easy for me to exchange my coins if im in a hurry 
If you are trading constantly, keep some funds on an exchange. However if you are HODLing long term, a wallet is best.
The idea of cryptocurrency is to make you in charge of your own funds. That's the core meaning of the decentralized ecosystem.
Keeping your funds in an exchange is anti - decentralization which could ultimately lead to loss of funds when it's hacked.
Keeping your funds in your wallet is safe except when transferring it will cost you very much.
Keeping your funds in an exchange is anti - decentralization which could ultimately lead to loss of funds when it's hacked.
Keeping your funds in your wallet is safe except when transferring it will cost you very much.
You can't trust exchanges. These exchanges are not fair in their dealings. You have to keep your coins on wallet. There are a few good wallets such as Metamask and MyEtherWallet.
long term storage, go for wallets with backup of seeds. for short term trading/speculation, go with 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
it is more safe to store your coins on wallets, there are some possibilities that a certain coin might delist on exchanges or might hack it. but if you are going to trade it then you must put it on the exchanger. 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
Most of the projects I invested were eth tokens so I don't have a problem keeping it since there is MEW that we can safely store our tokens.
Actually, we have to make our own decision, we can also put some in exchanges so we can easily sell by setting a target price.
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