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    Author Topic: Exchange or Wallet?  (Read 8780 times)

    • MIXXtagger
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    May 16, 2018, 05:41:39 AM
     #1741
    The most reliable option is to store coins of coins on purses. The exchange may close at any time or can be hacked. Then you will lose your coins. The exchange must be used only for trading and selling coins.

  • kenj2939
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    May 16, 2018, 10:54:02 AM
     #1742
    This is a complex issue. On the one hand, the wallet is more reliable. After all, only you have a private key from it.
    On the other hand, the private key does not guarantee you 100 percent privacy.
    Even if you keep your tokens on the exchange, you still specify a private key from the wallet.

  • Onur_luna
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    May 16, 2018, 11:36:13 AM
     #1743
    You should keep your coin in your wallet. Don't stay at the exchange. Because they will not be safe. Can be hacked at any time. Be careful your money is above all.....

  • prankbox
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    May 16, 2018, 11:40:27 AM
     #1744
    Quote from: Janinjo11 on February 12, 2018, 05:55:57 PM
    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

    I think it goes without saying that keeping coins in offline wallets is safer. Exchage can be hacked or may suffer some technical problems or may happen something else that you can not control. But you take control and responsibility for your coins keeping them in your offline wallet.

  • loveblack
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    May 16, 2018, 11:50:12 AM
     #1745
    it depends on the value of the coin . if it's worth less than a hundred dollars . i will put it on the exchange . if it's worth more than a hundred dollars , it's best to store it in a cold wallet .

  • CryptoJoop
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    May 16, 2018, 11:53:44 AM
     #1746
    All coins I am HODLing I put mine on my Ledger Wallet. The safest way to store your coins. Cashing out little amounts from exchange will get pretty costly so up to a few hundred I leave on the exchange until I find it worthwhile cash them out and store on the Ledger.
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  • mainthread
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    May 16, 2018, 12:06:16 PM
     #1747
    Quote from: Janinjo11 on February 12, 2018, 05:55:57 PM
    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

    I do not see a big problem to keep coins on the exchange. Of course, we are talking about the top exchanges. But if you do not trade, but plan to store these coins for a long time, then I recommend keeping them on the hardware wallet. The exchange allows you to quickly sell if necessary and this is its great advantage.

  • phpartisanmaster
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    May 16, 2018, 12:56:09 PM
     #1748
    Quote from: Janinjo11 on February 12, 2018, 05:55:57 PM
    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

    I prefer to place it on wallet since some of the exchangers today are having issues on their business but some still are legitimate and they can handle the growth of cryptocurrency but for me i prefer on the wallet.

  • pidonkmo
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    May 17, 2018, 05:36:28 AM
     #1749
    Probably wallet is better, use wallets to protect your coins or tokens from stole. Exchanges are not safe as they can be hacked and if this happens you can lose your coins. So I suggest wallet for keeping money.

  • sivesta
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    May 17, 2018, 06:58:26 AM
     #1750
    The wallet is safer than crypto exchanges, but I believe that it is convenient to keep a small part of the funds on the stock exchange.
    It is better to keep funds on large exchanges that pay much attention to security issues.

  • saytea9320
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    May 18, 2018, 10:46:54 AM
     #1751
    You better keep it in the wallet, because when you want to move your coin to another wallet in exchange will be charged more expensive. There are many other reasons why you should choose to keep it in the wallet.

  • Chronner
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    May 18, 2018, 03:53:49 PM
     #1752
    Honestly, I keep the speculative part of my "bank" on the stock purse. BUT a large part on cold wallets.
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  • hoosen
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    May 18, 2018, 03:56:10 PM
     #1753
    It is more reliable to store coins on a cold wallet, but on the exchange it is much more convenient. The main thing is not to forget to set up 2fa.

  • rippar
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    May 18, 2018, 03:58:14 PM
     #1754
    If you prefer the hold strategy you should to keep your funds on the cold wallet, because it is much safer than on exchange. But traders are forced to keep their funds on exchanges in order to respond quickly and trade.

  • AliveBuda
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    May 18, 2018, 03:58:56 PM
     #1755
     Wink It is risky to put COINS on the exchange for a long time. If you do not want to trade, please mention the coin in your wallet, which will reduce many risks. Because hackers are more concerned about big targets, such as exchanges.

  • k-west
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    May 18, 2018, 03:59:20 PM
     #1756
    I am keeping 40% of my funds on exchanges for trading and 60% in my cold-storage hardware  wallets and in MyEtherWallet.I trade  on the most solid and famous exchanges such as Bitfinex and Bittrex.

  • zikabra
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    May 18, 2018, 04:00:19 PM
     #1757
    Wallet. Always. For each coin new wallet.
    Holding coins for long time in exchange is never recommended, something might happen to exchange and you could lose all your funds. You should be owner of private keys, not some third party.

  • lutcor
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    May 18, 2018, 04:03:07 PM
     #1758
    I do not think that keeping money on the exchange is a good thing, because the exchange is someone else's purse, and your wallet is yours, I think that today people should not have any doubts about where to save their savings.

  • hongtranggg
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    May 18, 2018, 06:07:40 PM
     #1759
    Leaving your coins on an exchange is way more riskier than leaving them in a wallet. Exchanges can be hacked at anytime and since there are no added securities like passcodes needed to transfer out a coin, you can lose all of your coins in the case of an hack and there is nothing that can be done about it. Always transfer out your coins to a wallet controlled by you once you are done trading.

  • Radzivill
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    May 18, 2018, 06:09:36 PM
     #1760
    I think it's safe to keep it on large stock exchanges. It all depends on the amount of money invested in each coin. If you have $ 10 coins, then you definitely do not need to bother
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