<<  >> (p.19)
    Author Topic: Exchange or Wallet?  (Read 8780 times)

    • emmmmm
    Member
    **
    Offline

    Activity: 210
    Merit: 10

    The Experience Layer of the Decentralized Internet


    View Profile
    February 25, 2018, 10:25:53 AM
     #361
    I think if you are a newbie and your digital currency is not particularly rich, then I suggest you put it on the exchange.
    If your digital currency has a lot of assets, I suggest you buy a hardware wallet. ,

  • cryptolottocc
    Copper Member
    Newbie
    *
    Offline

    Activity: 42
    Merit: 0


    View Profile WWW
    February 25, 2018, 10:28:30 AM
     #362
    Exchange is the most unsafe option, but if you haven't bought bitcoin when it was for $2 then I don't see a real need in HODL strategy. The market is still very vulnerable to news, manipulations and hacker attacks. You shoud always keep your hand on a pulse. 1.5 week ago ETC was for $14, now it is $34. It's a big investment opportunity there in such cases and they are happening very often. If you are holding your coins on open wallets that's a big failure and losing of potential earnings. However, if you are not very into exhange tradings then of course you should try some cold wallets. I reccomend TREZOR and LEDGER. They both are off the competiotion and are second to none.  
    🆑 CRYPTOLOTTO.CC 🆑 CRYPTOLOTTO.CC 🆑 Ethereum Powered Dapp with the new and straightforward idea 😉 🆑 CRYPTOLOTTO.CC 🆑 CRYPTOLOTTO.CC 🆑

  • Ryan Tirta Permana
    Member
    **
    Offline

    Activity: 136
    Merit: 11


    View Profile
    February 25, 2018, 10:28:59 AM
     #363
    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
    With MEW you can save a coin that is using ERC20, but I would recommend the exchange if you want to trade then if you want to hold long term I suggest a wallet because your coin in your hand I mean like offline wallet or wallet hardware.

  • Anne8
    Member
    **
    Offline

    Activity: 280
    Merit: 10


    View Profile
    February 25, 2018, 10:35:02 AM
     #364
    Quote from: dasha_buka on February 12, 2018, 07:06:00 PM
    The safest option is to keep all your coins on wallets , so much safer . And in case if the market will close the input and output of coins at the pump , it quickly can be translated into needed exchange

    Transfer it to exchanger can not be done by instantly mate and need several time depending on exchange itself.
    Store in wallet is very safe like you said but this is only for long term holding and not suitable with short term trade.

  • Babyfaceless
    Full Member
    ***
    Offline

    Activity: 322
    Merit: 101



    View Profile
    February 25, 2018, 10:43:16 AM
     #365
    For long term holdings I think personal wallet would be the best option. Exchanges are always the target of hackers due to the large volumes of cryptocurrencies flowing in them. Its ok to hold crypto in exchanges only for short term trading purpose

  • h55
    Member
    **
    Offline

    Activity: 210
    Merit: 11


    View Profile
    February 25, 2018, 10:59:34 AM
     #366
    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

    of course, wallet is better than exchange for long-term holding, but if you want to trade you must hold your coins in Exchanges. you must determine your gold, holding or trading?

  • Toukexx99
    Jr. Member
    *
    Offline

    Activity: 192
    Merit: 3


    View Profile
    February 25, 2018, 11:21:03 AM
     #367
    If in my opinion you better keep the coins on the Exchange site, But it's up to you I just want to give an opinion, And if you want to do trading,
    In My opinion Choose two exchangers where you want to take advantage of price differences. I am advice is one from the international market, one from the local market.
     The local market has an arbitration appeal because it tends to be slower in adjusting prices so that its movements are more predictable and exploited.

  • Ramtapsbtc
    Member
    **
    Offline

    Activity: 364
    Merit: 10


    View Profile
    February 25, 2018, 11:22:19 AM
     #368
    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 depends on who you are, i mean if you are a trader then of course you will go for an exchange because that is where you store you crypto while if you are an investor it is advisable to store your crypto in a wallet and when you decide to sell then you can always go to an exchange of your choice.

  • sunno330
    Full Member
    ***
    Offline

    Activity: 406
    Merit: 100


    homt.net


    View Profile
    February 25, 2018, 11:35:06 AM
     #369
    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

    Different wallet for each coin, when you want to hold coins.
    Such as Dogecoin, Ethereum, Bitcoin, Waves.
    There are different wallet for each coins.
    But if you would like to trade, then obviously you need to use an exchange wallet.
    Its depend on which type work you want to do.
    ► HOMT ◄ ♦ World’s First Crypto Based Students Rental Platform ♦ ► HOMT ◄
    ───●✦●───●✦●───●✦●───●✦●───●✦●─[   Bounty Detective   ]─●✦●───●✦●───●✦●───●✦●───●✦●───
    ▸Website◂ | ▸Twitter◂ | ▸Medium◂ | ▸Telegram◂ | ▸Facebook◂ | ▸LinkedIn◂

  • shirackjs
    Sr. Member
    ****
    Offline

    Activity: 812
    Merit: 256


    View Profile
    February 25, 2018, 11:39:24 AM
     #370
    If you are not trading, it is not advised to keep your coins in exchanges. It is better to use the official wallets to store coins for the long term and keep those coins you want to trade daily in exchanges. You will never know when will the exchanges have problems and close down suddenly.

  • cryptogirlboss
    Newbie
    *
    Offline

    Activity: 113
    Merit: 0


    View Profile
    February 25, 2018, 11:51:06 AM
     #371
    It depends on what do you do usually! if you just HOLD then its better to keep all on your cold wallet (not connected to internet)

    but if you trade, its ok to leave on the Exchange, proven that:

    -the exchange has never been hacked before
    -has reputable standards of security
    -your trading budget its less than your holding

    always keep it safe if you can!

  • Britanshio
    Member
    **
    Offline

    Activity: 226
    Merit: 10


    View Profile
    February 25, 2018, 11:52:36 AM
     #372
    Quote from: tora on February 12, 2018, 06:01:15 PM
    It depends what you want to do. If you want to trade then obviously an exchange. If you want to hold then wallet is best as you have total control over your assets. You have the keys to access wallet and you can send where you want.Some holders are having problems getting funds released from certain exchangers.
    Yes it is true the difference between that two when you are going to trade you must choose an exchange and if you keep your tokens/coins just you have a private wallet and keep it first.Thats only my thought.

  • sentinus
    Member
    **
    Offline

    Activity: 210
    Merit: 10


    View Profile
    February 25, 2018, 11:53:53 AM
     #373
    Keep it in wallet is better for security. But if you want to trade your coins, keep it them in exchange
    ▮▮█ # metahash ▮ Your Gate to Decentralized Internet ▮ # metahash █▮▮
    #TraceChain ▮ #MetaApps ▮ #MetaGate ▮ #MetaHashCoin
    ▮▮█▬▬▬▬▬❰Facebook❱▬❰Twitter❱▬❰Telegram❱▬❰Ann thread❱▬▬▬▬▬█▮▮

  • visiblehand
    Newbie
    *
    Offline

    Activity: 57
    Merit: 0


    View Profile
    February 25, 2018, 11:55:13 AM
     #374
    Your number 1 priority should be keeping your money safe - so I'd definitely say that a wallet combined with a decentralized exchange should generally be your best bet, even if it makes trading a bit trickier.  If you need an exchange because of lower rates or more options or whatever, take the tokens off the exchange as quickly as possible.  Some of these exchanges are super-sketchy and are definitely going to be losing people a lot of money at some point.

  • KDjr
    Sr. Member
    ****
    Offline

    Activity: 485
    Merit: 250



    View Profile
    February 25, 2018, 12:13:06 PM
     #375
    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 depends what you want to do. If you want to trading your coin then keep it on an exchange and bear the risk of losing due to hack or getting your account locked or something. but If you want to HODL your coin for long term then wallet is best as you have total control over your assets. because only wallet give you private key and the private key take only you can access that asset. Wink Smiley

  • mahimonliner
    Full Member
    ***
    Offline

    Activity: 350
    Merit: 100


    Join FlipNpik Telegram : t.me/flipnpikico


    View Profile WWW
    February 25, 2018, 12:16:10 PM
     #376
    Wallet is more safer then an exchange. But it depends on your use of the currency. it depends on what you gonna do with your coin, trading or only holding.
    If you holding the coin transfer those to a hard wallet and keep it safe.but if you wants to trade left them on exchange.

  • nelsmining
    Full Member
    ***
    Offline

    Activity: 195
    Merit: 102



    View Profile
    February 25, 2018, 12:29:40 PM
     #377
    I would not use an exchange to keep my coins long term but for day trading they are fine. Just make sure you are using a reputable exchange with decent security measures.

  • svobodnyi
    Member
    **
    Offline

    Activity: 308
    Merit: 10


    View Profile
    February 25, 2018, 12:39:40 PM
     #378
    If you just keep, then of course a better purse. Only you can access the wallet, unlike the exchange. The exchange can close in six months, and no one will return you anything!

  • Skroojee
    Member
    **
    Offline

    Activity: 434
    Merit: 10


    View Profile
    February 25, 2018, 12:40:58 PM
     #379
    I use a purse, because for me it is the best and reliable way. On the exchange, I would not advise you to keep all your money, even half I do not advise. Only that what you are trading at the moment.
    MINTER - WE MINT COINS AND CREATE THE INTERNET OF MONEY
    ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
    Telegram  |  Bip Wallet  |  Twitter

  • Iamdeadlyz
    Member
    **
    Offline

    Activity: 402
    Merit: 19


    View Profile
    February 25, 2018, 12:41:19 PM
     #380
    You should definitely keep it on your personal wallet. Personal wallets and exchanges has risks but exchanges has a higher risk!
    Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 [19] 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 ... 141 »
      Print  
Page 18
Viewing Page: 19

IRLBTC™ © 2026 IRLBTC.com