Thank you for your replies.
In a wallet, I must swap my tokens to something like Tether to maintain its value, but on an exchange I must sell it. Which one is more cost effective?
Topic: Wallet or Exchange? - page 3. (Read 448 times)
The cheapest way to buy altcoins are centralized exchanges, preferably those that doesn't require KYC, like Kucoin or FTX. Just bare in mind that you shouldn't store your coins there for a longer period of time. For that, you should use your own wallet.
It depends on the amount and the coins. Let us use bitcoin as an example, you buy bitcoin what of $100 on centralized exchange, you do not want to leave the coin there, more fee will be charged while withdrawing. Correct me if I am not right because the withdrawal fee differs from exchange to exchange, but I know that centralized exchanges charge too high fee on bitcoin and ethereum transactions.Another way to trade tokens is via Metamask wallet, which you can use to connect to fir example Uniswap and Pancakeawap (popular decentralized exchanged), but fees are quite high, especially on the former.
Bitcoin is not supported, you can not also make use of all these token based exchanges ls to buy and sell to fiat, not supporting fiat. 
The cheapest way (since you asked about cost effective way) to buy altcoins are centralized exchanges, preferably those that doesn't require KYC, like Kucoin or FTX. Just bare in mind that you shouldn't store your coins there for a longer period of time. For that, you should use your own wallet.
Another way to trade tokens is via Metamask wallet, which you can use to connect to fir example Uniswap and Pancakeawap (popular decentralized exchanged), but fees are quite high, especially on the former.
Another way to trade tokens is via Metamask wallet, which you can use to connect to fir example Uniswap and Pancakeawap (popular decentralized exchanged), but fees are quite high, especially on the former.
The best place to buy are decentralized exchanges like bisq, it helps in privacy than custodial exchanges, all wallets I have known are making use of credit or debit cards to buy, that will leak your information. I have heard of mycelium local traders but I have never used mycelium before, maybe that can also be decentralized.
People are using custodial exchanges for convenience but you will need to verify on most centralized exchanges and wallets before you can be able to buy bitcoin or altcoin.
The best to me are decentralized exchanges.
People are using custodial exchanges for convenience but you will need to verify on most centralized exchanges and wallets before you can be able to buy bitcoin or altcoin.
The best to me are decentralized exchanges.
Hello,
For buy and sell coins and token, a wallet is better or an exchange? Which one is cost effective?
Thank you.
For buy and sell coins and token, a wallet is better or an exchange? Which one is cost effective?
Thank you.
Jump to: