What do you choose between wallet or exchange ? - page 7.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: Gracefs on March 31, 2018, 12:02:11 AM

what do you use wallet or exchange for?

Wallet for keeping.
Exchange for selling.

Quote from: Gracefs on March 31, 2018, 12:02:11 AM

Do you want to trade or hold ?

I want to do both.

Quote from: Gracefs on March 31, 2018, 12:02:11 AM

If you hold on a mid term or trade, you should use exchange. And hold your coin for security, you should use hardware wallet.

Nice piece of advice. Most of the bitcoin that I've got, I just let it hold with my Ledger nano S (hardware wallet).

Gu_XiaoMing

newbie

Activity: 98

Merit: 0

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 about $50-$80

parassinghal

full member

Activity: 210

Merit: 100

A BLOCKCHAIN SOLUTION TO DISRUPT TRADE FINANCE

I don't think that there is any confusion, its obvious that whenever we have to trade then we use exchange else we keep holding our coins in wallets.

Stradivarioos

member

Activity: 350

Merit: 11

I prefer long-term investments. I choose coins that are quite famous and sometimes I buy tokens during the ICO.

Franklin Pierce

newbie

Activity: 82

Merit: 0

Maybe you need:
The TOP 5 BEST ALTCOIN wallets:
Cryptonator
Agama
Exodus
Jaxx
Coinomi

kramchers

full member

Activity: 854

Merit: 101

both are good to choose as long as you are keeping your personal information and access key to it.
exchange wallets are good if you are doing trading almost daily or weekly, but if you are about to hold the coin for a long time you better use hard wallet.
or some wallet out of the exchange.

bekkioPEK

member

Activity: 356

Merit: 12

I personally do not like to keep coin on exchange, this is an unregulated market so no exchanges can give you guarantees or any refunds in case of hacker attacks. installing a wallet takes very little time and if you do not have an infected computer, you have a very good security. obviously some small amount for "dayly trading" is right to keep it in the exchange. the past is full of exchanges that have escaped with customers' money

AK47-

sr. member

Activity: 644

Merit: 250

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.

pihipawal

newbie

Activity: 70

Merit: 0

If it is ETH I think myetherwallet should be used. If you want to exchange I think it's a good idea to look for a quality trading platform such as bittrex, binance .... to keep bitcoin, eth or altcoin easy to trade.

edison benzamin

newbie

Activity: 52

Merit: 0

I often divide the property into two and store it in a cold wallet

oyeade56

newbie

Activity: 163

Merit: 0

As I do say, the choice to choose depends on the type of coin you have and it's value in the market.

Grayy

member

Activity: 322

Merit: 12

I prefer keeping most of my funds in my wallet unless I'm trading at the current time. Only time I'll leave funds on exchanges is when I want to dodge payment for depositing funds on the exchange and paying again to withdraw my funds. But it's safer to keep your funds in wallets than being stingy and losing everything to hackers...lol

realsmans

member

Activity: 196

Merit: 10

Transforming the Global Shipping Industry

Strange question. If you want to trade, hold on exchange, but remember about risks of breaking, and scamming. If you'r more as investor, then hold on wallets, because it's much safer, than exchange, but still can be hacked. So better hold on few different wallets.

RonaldDuncan

newbie

Activity: 128

Merit: 0

Quote from: Gracefs on March 31, 2018, 12:02:11 AM

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 think these both are good but mostly people choose the wallet so i suggest you to invest in MYETHERWALLET.

afterdark

full member

Activity: 395

Merit: 100

Quote from: Gracefs on March 31, 2018, 12:02:11 AM

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.

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. It seems to me that this is quite safe and convenient.

hieu81

sr. member

Activity: 518

Merit: 250

Quote from: Gracefs on March 31, 2018, 12:02:11 AM

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 choose both, for long-term storage, I use Wallet, use less exchange! For safety reasons!

emmybd

full member

Activity: 1218

Merit: 112

There are a few good exchanges, but a lot of investors have been having problems with these exchanges. So you can't trust these exchanges. I would prefer wallet to hold my coins, I think it is safer than exchanges. In fact, I have been using MyEtherWallet for some time and holding coins without any problem.

emmybd

full member

Activity: 1218

Merit: 112

There are a few good exchanges, but a lot of investors have been having problems with these exchanges. So you can't trust these exchanges. I would prefer wallet to hold my coins. In fact, I have been using MyEtherWallet for some time and holding coins without any problem.

Redhead5

jr. member

Activity: 210

Merit: 1

Quote from: ooxtcoo on April 04, 2018, 12:34:01 PM

They cannot be compared because they have different purposes. Exchanges are more profitable to trade, wallets to hold.

This is good perception. Go in exchange when you need to trade in highest exchanges but for cold wallet for secure keep. Hodl is the best when planning for long term investment. This how it differs, but the main point are to make profit both the two.

Snakerist

member

Activity: 336

Merit: 15

Of course your own wallet is much more safer than exchange, so if you want to hodl it is essential to put your funds in your own wallet.

Topic: What do you choose between wallet or exchange ? - page 7. (Read 1018 times)