Topic: What do you choose between wallet or exchange ? - page 6. (Read 1018 times)
Depends on the goal that you pursue. If you are engaged in trading, then of course it is better to keep assets on the exchange. Wallet is the more secure way to keep your coins for a long term holding.
If you are not trading any cryptocurrency at the time the best place to keep your cryptocurrency is the wallet because the exchange can be hacked and some exchange have also learn to hold people investment to ransom
I think if we don't want to use the coin for trading, we can choose personal wallet like jaxx, coinomi, mycelium, electrum or else to keep our bitcoin or another coin. but if we want to use the coin for trading and we want to increase the amount, then maybe it is better to keep in the exchange so we can directly to do trade for each of coins. but remember, you need to make sure that our account safe from the attacker so we can trade without worry.
It's better to store in the wallet than exchange
exchanges is not safe if do you want to save your coins for a long time.
Simple but it's reality, if you like to save coins then you should place it to much safer place a hard wallet is better to make some extra security and it exchanges is not safe if do you want to save your coins for a long time.
will be in your possessions not like when you are storing it inside your exchange wallets where you are not sure about possibility being hacked and the
site/exchange itself can be attack and your money/coins is not safe, a lots of people who understand the the system will prefer to use hard wallets.
If you consider about Bitcoin, I like to use wallet because i hold them for a long term. But you should store them on many diferrent wallets and sometime you could change to exchange to secure. There are some suggetion you could need:
Bitcoin exchange: you buy and sell bitcoins, like in a regular exchange, and you can use it as a regular wallet. Examples: CoinBase and Poloniex.
Bitcoin wallet: you just keep your bitcoins. There as several of them but don't use blockchain.info's android app!
I hope I helped!
Bitcoin exchange: you buy and sell bitcoins, like in a regular exchange, and you can use it as a regular wallet. Examples: CoinBase and Poloniex.
Bitcoin wallet: you just keep your bitcoins. There as several of them but don't use blockchain.info's android app!
I hope I helped!
Both are useful in their different ways. I prefer exchange when i’m keeping or trading for short term which I may choose to exchange to fiat or other coin in anytime while, I prefer wallet for hold (long term) which i’m Not thinking of selling soon.
It's better to store in the wallet than exchange
exchanges is not safe if do you want to save your coins for a long time.
exchanges is not safe if do you want to save your coins for a long time.
I think that choice depends on your investment plan, especially the time you hold! If you hold on for very long time, the best wallet is good and good again!
Keep it on your wallet if you want to keep it for longer, so that security is guaranteed. Keep your private key do not give to anyone. Use exchanges just to liquidate your assets and for asset trading. observe the ups and downs of prices lest you lose money.
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.
I prefer to use the exchange to keep his Altcoin. If you follow Altcoin in thick portfolios or websites like coinbase, it's inconvenient when you need to transfer them to the exchange before you want to make a buy-sell so keeping them on the trade will make it easy for you to create a buy-sell. If you hold on a mid term or trade, you should use exchange. And hold your coin for security, you should use hardware 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.
It depends to you.
Long Term HOLD - Best yo use the hardware wallets available in the market like ledger. Also good for acquiring split tokens during HARD FORKS. Most secured
Trading and Short Term HOLD - Better to leave it on exchange since you constantly change your crypto. Remember that wallets provided by exchanges are considered HOT Wallet.
I use both. I use wallet to keep my coins and token for long term and I use exchanges for trading. I don't usually use an exchange to keep my holdings just to be safe.
I would say diversify your investments on exchanges and wallets. I have seen many instances of exchanges getting hacked as well as wallets getting hacked. Therefore, it's best to diversify the risk by keeping your coins at different platforms. Also, if you are frequent trader, then having some amount on exchanges is needed. But if you are a long term hodler, then go for paper or offline wallet. Online and desktop/mobile wallets are prone to hacking. It's better to go for big and reputed exchanges instead of online wallets when it comes to safe storage.
That makes a lot of sense honestly. Anyone who has all their investments on exchanges really does not have anything because whatever happens to those exchanges will plainly affect all their holdings. The most secured way is having a decentralized wallet holding most of your assets except for those one may want to trade once in a while for the benefit one can derive from trading.There is absolutely no way I can actually just put all the things that I have in one single place most especially when I do not have control over them. For the short or mid-term trade, it is always tempting to have some in the exchange so as to utilize the profit one can make from the fluctuations in the market. I have always believed in storing long term in cold storage since that is safer anyway.
I recommend you about the wallet i love so much. It is Jaxx- a multiplatform multicurrency wallet. The private keys are stored on your device. It has a beautiful UI, is really sleek and easy to use, and has shapeshift built in. What's great about Jaxx is that it supports every major platform. Desktop clients available for Mac, Windows and Linux. Mobile clients available for iOS and android, and hardware wallet support coming soon.
Using exchange or wallet depends on your aim. So i wanna suggest you: Coinomi is the absolute winner of altcoin wallets. Coinomi by far supports the most cryptocurrencies out of any wallet on this list. It has the shapeshift.io exchange built in and just works flawlessly. You get a clear overview of all your balances, and Coinomi combines this balance so you can see exactly how much your crypto is worth.
Giving some suggetion for you
The best exchanges for trading the majority of altcoins are EtherDelta, Binance, and Bittrex.
The best wallets for securing your coins are Ledger Nano S, Trezor, Coinbase.
The best exchanges for trading the majority of altcoins are EtherDelta, Binance, and Bittrex.
The best wallets for securing your coins are Ledger Nano S, Trezor, Coinbase.
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.
Wallet is always safer than exchanges. always choose wallet to hold. exchanges have many issues of safety, despite hacking, they can not guarantee their servers will always perform well. wallets are better, even for trading, unless, low amount to trade, avoiding fees.
I choose wallet to keep my precious coin alive and i know it's 100% safe coz i'm hodling my private key. Well if you keep your coins in an exchange it's a 50:50 situation. If get's hack then all your money will lost forever. So do your analysis coz i gave my opinion already.
I expect full-fledged decentralized exchanges, with good volumes and high liquidity. Then you will not have to worry about the safety of funds on the stock exchange or purse, as it will be very convenient to trade from your own purse, which no one else has access to. I hope Alexander Ivanov will soon finish his DEX on the Waves.
use a hardware wallet for holding crypto. fine to keep smaller amounts on an exchange for trading but not for holding over an extended period
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