What do you choose between wallet or exchange ? - page 8.

binhvo1505

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https://streamies.io/

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 agree with your opinion. The small amount of money should be on the trading floor, it will help us to trade faster.
Large amounts of money should be left in cold wallet. I think that would be the safest place to keep your money. We can prevent hackers using cold wallets. Although the price of a cold wallet is quite expensive it can help you keep a lot of money, even if the security is higher than the bank.

HPQ.IO

newbie

Activity: 238

Merit: 0

It depends on the amount... For huge amounts wallet (better hardware) is the only choice.
For small amounts just for regular trading exchange will do. But when stop trading for some time it is better to transfer to wallet as exchanges may have problems as we can see...

zhanyiguai261315

member

Activity: 392

Merit: 10

I will buy some BTC in my wallet and hold it for a long time!

Other digital cryptocurrencies will be traded on the Binance exchange because the encrypted currency will make a profit in the short term.

QuinlanDeclan

newbie

Activity: 124

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.

Wallet use the secure coins and it is easy to use when I buy the coin then I uses the exchange.

ooxtcoo

sr. member

Activity: 644

Merit: 250

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

veraro

full member

Activity: 966

Merit: 100

Harmony for One and All

I think the wallet should be used always. Every exchange can be hacked or same unexpected things can happen and you lost your money. Of course if you make trading you have to keep tokens on exchanges, but you should withdraw your profit.

BADBITCH

jr. member

Activity: 532

Merit: 6

I choose to use the wallet, because you always have an added advantage when you use a wallet unlike an exchange where you have to be careful of phishing links, password, 2fa, and so on.

The best is just a wallet, if you are fortunate to use an erc wallet, then you could even get more erc 20 tokens, hodlers airdrop won't meet you in a jiffy either.
Always use a wallet for ETH,
Use Blockchain for BTC

Road445

member

Activity: 224

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The Experience Layer of the Decentralized Internet

Generally speaking, if the amount is big, then I choose local wallet.
Because if the exchange happens to steal an event, then this is a very troublesome matter.

babsjoe

full member

Activity: 490

Merit: 100

I would choose wallet over exchange when it comes to safety of my fund. I will even go a step further ti keep my fund cold. The option available to cryptocurrency user and investor is amazing. The tech made it possible tovbe in charge of your money!

magnum357

member

Activity: 100

Merit: 10

I think i choose wallet for now wallet is good where ever your are you can used your money or buying items using your wallet.

fosco333

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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.

exchange wallet is not secure. you won't know what will the exchange do with your balance.
i suggest you if you are not trading and want to hold, just transfer back to your personal wallet.

DonaldTramponald

full member

Activity: 301

Merit: 100

Next Generation Antivirus

When I keep coins for long, I use separate wallets for each coin. If I have a small number of coins, I keep them on stock exchanges. But if you keep your coins on the exchange, then use not one, but several exchanges. Choose top-end exchanges.

norman472

member

Activity: 284

Merit: 10

I choose wallet who using private key it keep safe for saving , I will send to exchange when I want to sale it .

Enoch Lewis

newbie

Activity: 109

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.

Yes, i think so, for a long term investment i dont sell my coins so i hold my coins in Exodus and Coinbase. If i buy more coins, they will continue storing in my wallet.

xarly1

full member

Activity: 420

Merit: 100

To a large extent the main part I try to keep on an external wallets . but the money that I use to trade appropriately kept on the exchange

adriaymati58

hero member

Activity: 812

Merit: 501

The best solution nowadays is to hold your coins because the market is down since it is just the beginning. I am sure the market will go up. So, hold and use a secured wallet

Chris Hauer

newbie

Activity: 77

Merit: 0

Personally i prefer exchange because i hold my coins for a short-term and trade it in right moment its price goes up a lot.

babay_ko

member

Activity: 98

Merit: 10

If i want to keep coins for a long time my choice will be on hardware wallet,but if i want to trade day to day it will be exchange wallet of course.

Daniel Brian

newbie

Activity: 44

Merit: 0

I just want to use wallets because it is safer. its to much risky, If you search about it,You would found a lot of scam news.

riaruhs09

member

Activity: 184

Merit: 10

at the time of holding the coin I prefer to keep my assets in my personal wallet because then I feel more calm. because in exchange there is often a problem and loss.

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