Topic: What do you choose between wallet or exchange ? - page 2. (Read 1018 times)
I choose wallet because I think exchange is more suitable for trading, and I am not fan of trading, I like to hold them for long time.
BOTH!!
i do daytrade and to do that you need your holdings to be on the exchange.
if you are waiting for just a short-term and you have the target amount you need to be on the exchange.
BUT! if you will keep the tokens or coins with you for a long period of time.
it is better to have in the wallet.
i do daytrade and to do that you need your holdings to be on the exchange.
if you are waiting for just a short-term and you have the target amount you need to be on the exchange.
BUT! if you will keep the tokens or coins with you for a long period of time.
it is better to have in the wallet.
It is depending on your aim.
Trading, I think you should use exchange to trade simply.
Holding, of course, wallet is the best security.
Trading, I think you should use exchange to trade simply.
Holding, of course, wallet is the best security.
There are some coins that need to be all amount on wallet, and there are some coins that need to be all amount on exchange. And all other coins you can divide partially, 40/60 for example.
Coins that should be in wallet should be long term investment. Because cold storage is much more safer. And there are coins that should always be on exchange. For example, BCN. When they pump it you can't send it to exchange.
But I recommend you cold storage if you don't trade
Coins that should be in wallet should be long term investment. Because cold storage is much more safer. And there are coins that should always be on exchange. For example, BCN. When they pump it you can't send it to exchange.
But I recommend you cold storage if you don't trade
It is not recommended to keep large amounts on exchanges. There are many other ways to do this. For example hardware wallets.
I am keeping 70% of my coins in hardware cold- storage wallets for long-term period and 30% on exchanges for trading.For better security I am using 2 Fa for entering exchange.
You keep coins in an exchange when you anticipate trading, but store your hard earned coins in a cold wallet and wait for opportunity to enter market for profits.
The most important thing to note when choosing a wallet is security. Choose two three-step wallets, not one-step. One password is not secure at all.
Watch out for market caps when choosing the stock market. Pay attention to the volume of coins.
Watch out for market caps when choosing the stock market. Pay attention to the volume of coins.
Of course wallet is better to use for tokens. When your tokens on exchange, you don't have private key from their wallet, so technically you don't owner of your tokens. Besides exchange can be hacked and you lost your money. Always withdraw your crypto after trading.
I think it depends on the each people but wallets are better than exchange if it is a good wallet but different people had different opinions so choose which will suits you .
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.
If you hold on a mid term or trade, you should use exchange. And hold your coin for security, you should use hardware wallet.
I prefer my wallet over exchanger because there are market's out there that are not decent enough to sustain their system and they will just told that your coins are already gone but they just cant handle the drastic change's of prices.
Use exchanges just for exchanging 
and use wallet in order to store for a long period
Absolutely agree with your opinion. Most people who use the hold method will send the token to their wallet. Only people using the new trading method use wallets on exchange and use wallet in order to store for a long period
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.
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.
If you hold on a mid term or trade, you should use exchange. And hold your coin for security, you should use hardware wallet.
Everything You Need to Know to Start Trading Cryptocurrency Like Bitcoin, Litecoin, and Ethereum
To start trading cryptocurrency you have to choose the cryptocurrency wallet
and exchange is used to trade.
In other words, if you want to trade the cryptocurrency you need:
Crypto currency purse.
trade exchange.
I think for wallet more convenient to use is your personal computer
Your Cryptocurrencies aren't so safe on Centralized exchange. I don't understand what people mean when they advise people to only leave small amounts of Cryptocurrencies on Centralized exchange. How do one make reasonable profits if only small amount are used for trading? Better to use decentralized exchange. It is much safer because your Crypto is never stored on the exchange during trading. so you can trade as much as you want.
Of course wallet is better to use for tokens. When your tokens on exchange, you don't have private key from their wallet, so technically you don't owner of your tokens. Besides exchange can be hacked and you lost your money. Always withdraw your crypto after trading.
I use the mew wallet, and not the exchange. I prefer to keep it myself, and do not trust to xchanger. I'm worried about the security of my money, if I keep it in xchanger, even though I do not keep my coins long, but it's more convenient for me to keep it myself.
As for me, it's better not to hold many kind of coins in the wallet, and store them.
At first your wallet may be attacted and there is great risk to loose your money. And secondly, the price of unpopular coins can just fall.
All you use is your wallet or do you just put it on an exchange as well?At first your wallet may be attacted and there is great risk to loose your money. And secondly, the price of unpopular coins can just fall.
I know that it's much safer to leave the coins off an exchange because they are third-party wallet providers.
As for me, it's better not to hold many kind of coins in the wallet, and store them.
At first your wallet may be attacted and there is great risk to loose your money. And secondly, the price of unpopular coins can just fall.
At first your wallet may be attacted and there is great risk to loose your money. And secondly, the price of unpopular coins can just fall.
If you trade every day, it is certainly beneficial to store coins on the purse of the stock exchange. And if you store in the long run, then of course you need to choose a coin purse, only you will have access to it (like MEW).
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.
If you hold on a mid term or trade, you should use exchange. And hold your coin for security, you should use hardware wallet.
I prefer to choose wallet because there are exchangers today that are just dying if they cannot control the growth of bitcoins on their market or their security sometimes is not good enough that hackers can penetrate the system.
Jump to: