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

    • mlkvch
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    March 18, 2018, 01:10:20 PM
     #821
    If you hold currencies for a long-term investing, the wallet is the best option because of it's safety. Most of the founders of exchanges say it's not so good to hold crypto on exchange. Remember the MtGox... But if you trade often, you may lose many funds by sending crypto to the wallet and back.

  • JasonCroper
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    March 18, 2018, 01:16:09 PM
     #822
    Keep most of your coins in your wallet, don't keep them on exchange.

    It's not safe to keep them in exchange, the coin in the exchange just is a IOU.

    You will never know when the exchange going to be scam or being hacked.

  • blue08
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    March 18, 2018, 01:28:17 PM
     #823
    It is better to save your coin or token in your wallet, either online or offline rather than exchanges.
    There are some instances that the exchanges was hacked and lost the investors money. It is safer to keep it in your wallet because you are the only one who hold your private key or whatever you use to access your wallet. You just must be very carefull in keeping it because some accidentaly posted their private key in public. Still, wallet is safer than exchanges.
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  • nfransisca
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    March 18, 2018, 04:00:31 PM
     #824
    i recommend keep all coin in wallet. i think wallet is more safety and because i am long term coin holder. however i using exchange for some needs but not put much in there.

  • Azaria Rodriguez
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    March 18, 2018, 07:07:53 PM
     #825
    The best way is to store it in your own wallet. Exchanges can get hacked and you do not have full control over it.

  • Rudolph White
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    March 18, 2018, 07:08:10 PM
     #826
    Never store your assets on an exchange:
    Every few months you hear of another bitcoin, ethereum exchange that has been hacked somewhere in the world. There are more and more exchanges, and that means there are a growing number of targets for hackers. Hackers know that exchanges are mostly honey-pots, filled with private user information, and more importantly bitcoin that can be virtually instantly stolen and transferred away to an anonymous wallet.

  • etin06
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    March 18, 2018, 07:23:01 PM
     #827
    You have to learn the rules in crypto. Never leave your coin in exchange always withdrawal them to your wallet to avoid unforeseen circumstances. Make you you have the private key of  which ever wallet you choose.  Having  ur coin on exchange  means that those coin belong to the exchange  cos the decide what happen to it.

  • Glydel1999
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    March 19, 2018, 06:32:01 AM
     #828
    I will rather to choose exchange instead of wallet because through exchange I can obtain a daily basis of income unlike in wallet all earnings are depends on the ratio of the currency and electronic coins.

  • sazon84
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    March 19, 2018, 06:40:40 AM
     #829
    Hackers can hack into a wallet, and your account on the exchange, if you do not follow the rules of security on the Internet.  Therefore, it is better not to keep your money in one place.  Divide them into parts.  Keep something on your wallet, and some part on stock exchanges.

  • tondenga2122
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    March 19, 2018, 06:54:16 AM
     #830
    They 2 are good choice, it depends on what you want to use on it
    If you want to secure your coin and want to make a long term invest .. You can save it on your wallet for better security
    But if you save it on exchange you can trade it every day to make another profit, for your long term investments

    Exchange or wallet is okay to save your money on there but always beware of Scammer !!

  • Magister Magus
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    March 19, 2018, 10:11:35 AM
     #831
    It depends on the objectives. If you want to trade obviously there is no choice but an exchange.
    But to keep coins, a wallet is much better: although apparently it is more risky, because you have no protection, you have everything under your control.
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  • DevilSlayer
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    March 19, 2018, 10:15:09 AM
     #832
    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 is obvious that it is safe of you will keep your coins in wallet and not in exchanger. The purpose of wallet is to store your coins, the reason why it is not preferable to store your coins in exchanger because there are exchangers that have low security and hackers can hack all of your coins.

  • lushlifing
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    March 19, 2018, 10:25:56 AM
     #833
    Wallet is safer

  • AirdropWeekly
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    March 19, 2018, 10:27:18 AM
     #834
    Be carefull with Exchange but remember you have to paye fees when you move out of the Exchange.

  • mrproblem
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    March 19, 2018, 10:30:08 AM
     #835
    if you are a long term holder take a hardware wallet and keep all in it and
    if you are a day trader or if you are trading 3 or 4 times in a week you can keep you fiat and currencies on exchanges and if you are going to do that keep them in separate exchanges

  • Figuran-
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    March 19, 2018, 10:36:20 AM
     #836
    I think wallet because it is good for long term uses but if you are a short term trader why not go for the exchange and but you can do use this both for bigger profits

  • ORiN
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    March 19, 2018, 10:51:09 AM
     #837
    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

    What is better for you to decide what you want to keep or trade on the stock exchange. I prefer to hold coins until better times, until they grow in value.

  • ranchi
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    March 19, 2018, 12:24:50 PM
     #838
    If you want your coins in your control then use wallet but if you trust exchange then keep it in exchange however it's not good to put coins on exchange.

    Wallet is always safe and secure.

  • tak rogi
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    March 19, 2018, 02:57:59 PM
     #839
    it seems like a good thing for now I better choose on the stock because if it is on the market I believe the security on altcoin that we have will be more secure again.

  • IloveDigibyte
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    March 19, 2018, 03:41:29 PM
     #840
    Quote from: sazon84 on March 19, 2018, 06:40:40 AM
    Hackers can hack into a wallet, and your account on the exchange, if you do not follow the rules of security on the Internet.  Therefore, it is better not to keep your money in one place.  Divide them into parts.  Keep something on your wallet, and some part on stock exchanges.

    I don't agree with you. What is the point of holding a coin in exchange if you are going to hold it long term? I see no point to keep anything in exchange unless I am going to use it tomorrow or the day after. Everything else is in wallet, period.
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