Topic: What do you choose between wallet or exchange ? (Read 1018 times)
I will like to manage my coins in my own wallet. I will know that i am holding my own destiny in my hands. I will manage the safety of the wallets with the best care i can muster and will not be a target of attack because the size of fund in the wallet like exchange which is attacked because of their holding.
Well so all the coins and tokens that I keep for a long time are stored on the hardware wallet... Those coins that I use for current trade are stored on exchanges.
I prefer my hardware wallet to keep my coins , exchange are risky to keep too much funds , I tranfer funds from my hardware wallet to exchange whenever I want to trade , till then my coins are secure in my hardware wallet.
If you are very active in buying and selling products over the internet via Cryptocurrency then I will say keep your money in the exchange as it will be easy for you to do the work. I will suggest not to keep your whole amount into the exchange as there are more chances of fraud and many scams are active these days over it as Cryptocurrency market is growing day by day. If you want to hold a coin, keep it a wallet. If you believe in active trading then keeping some asset in the exchange is a better option for you.
Usually I store cryptocurrencies on the exchange, which is convenient, for quick transactions.of course, if are optimistic about the long-term, do not intend to sell, I will put the crypto currency in my local wallet.
You should keep your altcoins in your wallet if you are not trading them. It is a good opportunity to keep your funds safe. Exchange is less secure than wallet. They may get hacked or suspended by the government.
I agree with you, in exchange your funds will not be safe because of the security measures some of the exchanges doesn't have that full watch in your funds, unlike in your own wallet where you can store your funds and have a watch on that.
Never keep your coins on the exchange for a long time. I recharged 2 ETH to the CM exchange in November last year, and the CM exchange disappeared a month later. Now I only turn the coins into the exchange when trading.
That's the risk if you keep an asset on the exchange. Very risky, especially if the exchange is hacked. So you better keep it in another wallet, especially wallet, either offline or online. Use wallet exchange if you need it for trading.
I am keeping most of my coins in my wallet for staking and master nodes, then upon reaching the target price for a certain coin, I transfer it to an exchange to trade. Upon conversion to BTC, I keep it in my Ledger Nano S hardware wallet for safekeeping and long term profit taking.
You are right, it is always advisable to keep your mid and long term hold coin in a wallet where you hold your private keys than an exchange that can be hacked anytime but for short term trading, you have no choice than put it on the exchange.
what do you use wallet or exchange for? Do you want to trade or hold ?
If you hold on a mid term or trade, you should use exchange. And hold your coin for security, you should use hardware wallet.
It depends on some factors:If you hold on a mid term or trade, you should use exchange. And hold your coin for security, you should use hardware wallet.
- if I'm going to trade, of course I will chose exchange
- if the amount is not big, than it does not matter what to use
- if I'm going to hold, of couse I will choose a wallet because it is safer
You should keep your altcoins in your wallet if you are not trading them. It is a good opportunity to keep your funds safe. Exchange is less secure than wallet. They may get hacked or suspended by the government.
Just like in business if you buy a product you must sell it with profit not in a break even system, in crypto must be like that also you sell your coins if the value are getting higher,if you have coins in your wallet hold it and wait until the value increases.
I am engaged in data trading, so I keep all funds on the exchanges. On 4 exchanges, and even so reducing the risks.
Never keep your coins on the exchange for a long time. I recharged 2 ETH to the CM exchange in November last year, and the CM exchange disappeared a month later. Now I only turn the coins into the exchange when trading.
I choose an exchange, as there is an opportunity to sell at any time. But if I'm sure that I will keep the investment for a very long time, then of course the official purse
What I choose is wallet. It allows you keep your tokens save from temptation to sell. When you keep your token on exchange you tend to sell at non reasonable price as a result of fear or temptation. So I choose wallet.
I choose cold wallet because I am the only one who owns private keys .And if you keep on the exchange it can be closed at any time and you will lose all your money) the Wallet is more reliable
I prefer to choose store my coins in the wallet than keep them on the exchange
store in the wallet is safe than in the exchanges.
store in the wallet is safe than in the exchanges.
I choose wallet, special hardware wallet. It make me feel safe and comfortable.
I see the purse more logical. I think that your wallet is also a negative side, but it is healthier than other methods of protection. There is absolutely no guarantee of everything on the internet.
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