I have a question.
What is better? To keep your coins on some Exchange site or to open wallets for each coin?
I would like to hear some advice. What are pros & cons of each option?
Thanks
If you are trading, better to keep your coins on an exchange of course since not every coin have their own wallet. The advantage of keeping your coins in an exchange is you can buy different altcoins here which you think is good and has a great chance that will increase its value after a certain period of hodl time.
If you are someone who doesn't want to do anything and just a passive investor, you can keep your coin in a wallet. It is like depositing your money in you local bank which also gains interest depending on the value of your coin in the crypto market.
The cons of both storage (exchanger/wallet is they are both prone to hacking. So be careful on this and only invest what you can afford to lose.
Yes you are right exchange was good to investing and trading but as you said that have own wallet and that was the storage of your coins that you earning in investment and trading so what is the difference between of that. I think even thou you are storing your coins in wallet that was also earning because the value was not stable and anytime it change so you are also investing if I'm not mistaken.