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 would say it depends on your value of funds and your view on trading or investing.
If you are holding small amount or big amount of coins and if it is for purpose of long term hold then you should keep your funds in wallet after making successful transaction in exchanges. Otherwise you will be in risk to lose your funds in hands of hackers.
If you are holding small amount of tokens and you want to trade frequently then it is best to keep in exchanges even though exchanges are risky to keep your funds because for small amount the fee for withdrawl and deposit itself takes significant portion of your funds.
And finally if you are holding huge funds and you want to trade then transfer the tokens to exchanges when you want to do trade exactly and after completion of the trade, it is better and good to transfer your funds to your wallet preferably cold wallets for your funds safety.