Topic: What do you choose between wallet or exchange ? - page 3. (Read 1018 times)
You do not have to choose because they both have the purpose that they each serve and there is no way for you to interchange one for the other. Best for your coins would be for you to get an offline wallet and to only keep the coins that you know that you actively use maybe in trading and stuff online, just to be on the safe side
It simply depends upon the type of work you need to perform. First let me clear that there are many types of wallets and even exchange provides you wallet to store coins and one can easily send or receive using exchange. But the other type of wallet where users can hold their keys are tend to be more secure in long term usage. You can know more about wallets at this link:
https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151
This will explain all types of wallets under private wallets. Hence, it totally depends upon the work to opt between exchange wallet or private wallet where you can hold your keys for the wallet.
https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151
This will explain all types of wallets under private wallets. Hence, it totally depends upon the work to opt between exchange wallet or private wallet where you can hold your keys for the wallet.
I can't disagree with you but I always prefer wallets because they are much more secure. And yes, I don't trade I'm rather holding my coins.
I use both .Myetherwallet when i keep coins and Binance and KUCOin for trading.Transferring coins is only like 1$ fee
I think both these exchanges are safe even if they are not decentralized
I think both these exchanges are safe even if they are not decentralized
True, I feel much safer with kucoin exchange platform compared to other exchange platform like etherdelta and hitbtc. As for my wallet which is myetherwallet I also recently bought a ledger just to make sure that the bitcoins and ethereum I hold are in high security protection.
It is best to save any coin you are holding for long-term term on wallet, and short term trades coins can be on exchange, and make sure you keep short term coins on good and big exchange, anything can happen to an exchange anytime
To be honest, I think keep my coin in exchange is so serious, so i chosen wallet, hardware wallet, such as Ledger Nano S, maybe you know it is the best wallet for security and you must pay fee for using that wallet
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.
If you regularly trade on the exchange, you definitely need to keep your coins on the stock exchange. If we are talking about investments for a long period, then of course coins should be stored in your wallet. So it will be more reliable.
I agree with you and it will make us easy to do something if the coin is in the exchange. we can directly sell or buy that coins without waiting too long. but maybe you can have two wallets for this which you can us to trade daily and to make an investment for your coins. I do this too and so far, I don't have to send the coin from my wallet to the exchanges because I have another amount in the exchanges. and it is better to keep bitcoin only in the wallet than to keep bitcoin in the exchanges.
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 don’t spend much time working with cryptocurrencies. That’s why I am more interested in holding coins for a long time. Exchange platform is worst place for this. I used to operate with hardware wallets.
I keep all my assets on exchange, it's much more convenient and faster, but I'm scared, wallet is at the moment more reliable, but very uncomfortable
Exchanges should be used for trading and not for holding of coins, even for mid term. Holding of coins should be on a proper wallet which you control the private key.
wallet exchange is more secure. I trade every day sometimes weekly and hold a maximum of one year and my payment token holds until the price is at peak
More and more began to trade. it is necessary to increase the portfolio, so you need to do a lot of transactions on signals. I would like to leave the coins on the hardware wallet and forget about them
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.
If you regularly trade on the exchange, you definitely need to keep your coins on the stock exchange. If we are talking about investments for a long period, then of course coins should be stored in your wallet. So it will be more reliable.
I keep my long term coins in my wallet and for everyday tradings with minor altcoins I use some trusted exchange
I'm not planning to hold my coins for long time, then I totally rely on exchanges, because it's more convenient for me
you can keep small accounts at exchanges for tradinh, it is possible
you should keep but your main invesment at cold storoge
you can use ledger for cold storage or you can use offline wallet of mew which is quite good also
you should keep but your main invesment at cold storoge
you can use ledger for cold storage or you can use offline wallet of mew which is quite good also
It all depends on the market. I keep my coins in my wallet, I also do some exchanges, as the case may be. But, in most cases, I keep my coins in my wallet, cause I don't really wanna ive myself unnecessary stress when it comes to trading.
I'm relying only on wallet for now, I'm not trading 24/7, I'm planning to harvest my coins later, in two or three years by now
Some of my tokens are on wallets, some are on exchanges. The wallets I use: online and desktop. Unfortunately hardware wallets are not able to keep all the tokens, usually they work with BTC and ERC20 coins.
I don't trade in active way now because there is no growth on the market yet. I am waiting.
I don't trade in active way now because there is no growth on the market yet. I am waiting.
I divided certain coins into several parts, one part is on my purse, and the other part is on the exchange. At any time I have the opportunity to trade, it is convenient.
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