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

    • Atm2020
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    June 01, 2018, 04:35:03 PM
     #1921
    It may be hard for novice users to understand this principle, but a cryptocurrency wallet is not like a bank account. With a bank account, you rely on a third-party service provider to safeguard your funds. That is exactly what exchange wallets are, yet they do not let users spend their funds as they want. You always need “permission” from the exchange wallet service provider to move funds around, which is both annoying and risky.

  • sensoylebendinlim
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    June 01, 2018, 04:39:41 PM
     #1922
    Only offline wallet and keep them in safe place like in winrar archive with strong password which canot be decrypted at once , have to copy them 2 times and use only when you need to pay..

  • george888055
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    June 01, 2018, 04:42:53 PM
     #1923
    Only wallet. Keep in any personal wallet that gives to you private keys and full control with your money. I prefer ledger.

  • adsdas
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    June 01, 2018, 04:58:59 PM
     #1924
    if you knows about mt.gox, btc-e you will dont put too much money on any exchange site. Smiley keep it in computer is better.
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  • AndrewBrown
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    June 01, 2018, 09:06:58 PM
     #1925
    They both have different uses. You use wallets to store your coins for however long that you wish to store them safely while you use exchanges when you need to trade coins. On no account should you use exchanges as a means to store your coins for the long term

  • AndrewBrown
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    June 01, 2018, 09:07:48 PM
     #1926
    They both have different uses. You use wallets to store your coins for however long that you wish to store them safely while you use exchanges when you need to trade coins. On no account should you use exchanges as a means to store your coins for the long term

  • artcool0305
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    June 01, 2018, 09:09:55 PM
     #1927
    I think it all depends on the level of risk that you are willing to accept, of course I'll write everything that is more reliable to store on a purse but to overtake coins there is also not an interesting occupation, so it is better to have both there and there

  • hanhloan050
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    June 02, 2018, 05:23:08 AM
     #1928
    I think it's better to keep money in a wallet. Once the trading platform is hacked, say goodbye to your favorite coin. Although it is advantageous to use COINS in exchange, you can easily trade if the price of a coin suddenly rises.

  • Triopeloda
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    June 02, 2018, 06:46:21 AM
     #1929
    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

    Me too, I use Myetherwallet or Metamask. It's really user friendly and has a lot of security for Ethereum personal Wallet,
    it's really very helpful for everyone when using Myetherwallet, it's very easy to use.

  • triasel
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    June 02, 2018, 06:56:35 AM
     #1930
    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
    for me exchange local better than wallet,in local exchange i think more safety and when you lose the data you can go to offcial of local exchange to back up it like in my country exchange

  • bundjoie02
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    June 02, 2018, 02:54:00 PM
     #1931
    Quote from: hangnguyen100 on June 02, 2018, 02:37:58 PM
    Keep some money on the stock exchange, some of the money on a cold purse. Situations are different, hackers, special services, scammers. That is it. If you are long term holder, don't keep it in exchange. Keep it in wallet, the best is hardware wallet. Smiley

    Yes I keep it on exchanger, but only those coins that I trade. And I also keep coins for a long time on my wallet because I want to save it and exchange in the future.

  • juniorrio441
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    June 03, 2018, 10:33:41 AM
     #1932
    If you want to hold the coin for long term, better transfer it to wallet. i would suggest to use Hardware wallet like Nano S ledger or Trezon.

    For trading, you could keep it on Reputed exchange like Bittrex, Poloniex, Binance and bitfinex.

  • Liza Soberano
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    June 03, 2018, 10:35:53 AM
     #1933
    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
    It's better to keep them in a hardware waller which is easy to acess at the sametime safe from phising tools which may get your private key.

  • Captainluffy24
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    June 03, 2018, 10:37:09 AM
     #1934
    If you want an easy money and is willing to take a risk you better keep your coin in exchange since what you will do is day trade. If you want to do a long hold and want to keep the coin safe then put it on a wallet.

  • tonlong
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    June 03, 2018, 10:53:34 AM
     #1935
    Quote from: Captainluffy24 on June 03, 2018, 10:37:09 AM
    If you want an easy money and is willing to take a risk you better keep your coin in exchange since what you will do is day trade. If you want to do a long hold and want to keep the coin safe then put it on a wallet.
    Almost no one chooses to hold their coins for a long time on exchange. The safety is better done by self-control, so wallet is a good choice in this case.

  • jiop111
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    June 03, 2018, 10:59:36 AM
     #1936
    If the investment is a short-term investment, you can keep it in a stock market account. Staying in your wallet is more expensive than trading. You must pay commission and transfer fee. Long-term investments should be in your wallet, safer than exchanges

  • Hui Ling
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    June 03, 2018, 11:22:18 AM
     #1937
    If I personally prefer to keep the coin in the wallet, because I think keeping the coin in the wallet is more secure than in the exchange.

  • FilliDorros
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    June 03, 2018, 11:32:59 AM
     #1938
    To keep the coin in the wallet for profit is a long process but safer. I keep 50% my coins in wallets to and will keep them.

  • demitazh
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    June 03, 2018, 11:50:53 AM
     #1939
    I keep my coin on the exchange, because if later suddenly the price goes up I do not have to bother to transfer from wallet to exchage, simply direct open sell
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  • darktt
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    June 03, 2018, 11:55:09 AM
     #1940
    Actually I prefer to hold my long term invesments part in wallets. Another part of money I'm keeping on other exchanges that I can trade them. But if we talk about security, I thing keep money in wallet safest thing, because some time exchanges hacked.
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