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

    • Sean25pogi
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    March 22, 2018, 08:23:50 PM
     #921
    I'll go for exchange because it means you are placing your investment in an exchange where good profit is return.
     For me, wallet is just a thing were you can put your available balance in your accounts. There's no profit on it if you just keep it in yout wallet.

  • pogpog10
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    March 22, 2018, 08:32:57 PM
     #922
    Normally it would be better to keep them in exchange to avoid paying fees every time you want to trade them but unfortunately exchanges are not still completely trustable. Even big exchanges like binance is having problems sometimes. Therefore it’s better to keep them in your own wallet.

  • HectorFabian
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    March 22, 2018, 08:44:09 PM
     #923
    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
    Mate if you ask for my opinion I suggest you that wallet is good. because it give freedom and they also want a long term you have full control on your coins.

  • indopool
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    March 23, 2018, 04:13:10 AM
     #924
    to store a lot of assets or in the long term prefer in the wallet and private key is more secure if only to trade only exchangers only.

  • Baronggot
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    March 23, 2018, 04:18:52 AM
     #925
    Quote from: TheJez on March 22, 2018, 03:53:46 AM
    If you don't own the private key - you don't own the coin, it's as simple as that.

    Store in your own wallet, and trade on decentralized exchanges (IDEX, etc - there are a lot more coming out, I believe binance are developing one).



    I found it very risky to store your digital currencies in crypto exchanges because this entity is one of the best target by cybercriminals because they know what they can get inside of it.

  • Vanester2014
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    March 23, 2018, 04:26:38 AM
     #926
    Your wallet in any exchanger is not advisable to store your bitcoins or any altcoins because exchanger wallet was holding buy the exchanger team so they can freeze or hold or even hack your money in case that something happen to that exchanger.
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  • CryptoCoin8487
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    March 23, 2018, 04:33:39 AM
     #927
    I will suggest you not to hold or store your coins or any altcoins in your wallet in exchanger since you are not handling the private keys of there wallets. Unless if you want to go on trade or sell or buy your tokens and coins there but if you store there for a long term my advice is dont do that.

  • Kryten12
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    March 23, 2018, 04:36:24 AM
     #928
    Unless you want to actively trade coins on a daily basis, or are waiting for a particular price to fill an order, then I don't see any reason to keep your coins on an exchange. You need to have 100% control and responsibility over your coins.
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  • ~Spawn~
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    March 23, 2018, 04:40:09 AM
     #929
    Are you kidding, right?
    What is better. You hold your coins yourself, or ask someone else to hold it for you?
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  • Victorheywhy
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    March 23, 2018, 04:41:24 AM
     #930
    It all depends on you. If you wanna keep trading with it, you may place it on exchange, but for you to have full access to your coins, you may keep it in your wallet. Though, it's very risky to store coins.

  • stroup.bryan
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    March 23, 2018, 04:52:50 AM
     #931
    If you trade and always updated hour by hour, you are short term you going in exchange, if you are long term holder you should place your coin in your wallet and secure it with your code. Don't trust somebody to secure it for you.

  • irenegaming
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    March 23, 2018, 04:59:16 AM
     #932
    I consider wallets one of the safest Coin storage there is,as long a you keep your private key to yourself and observe safety protocols  then everything will be safe,

  • dilandanmilea
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    March 23, 2018, 05:04:23 AM
     #933
    Use exchange only to change, sell or buy coins. Never use exchange as a replacement for wallet to keep and hold your assets. It will be vulnerable to the theft of assets you have and vulnerable to hacker attacks.
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  • bunny0612
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    March 23, 2018, 05:13:57 AM
     #934
    Depends on what you will use for that purpose. If you are a trader you should use exchange wallet for the initiative.
    If you are a hodler so cold wallet is the best choice, it's safe, sercurity but you need keep private key safe

  • iciraku
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    March 23, 2018, 06:09:25 AM
     #935
    I recommend using the blockchain wallet app on your phone to make it easier for you to check or send bitcoins safely and efficiently

  • leviathon
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    March 23, 2018, 06:54:36 AM
     #936
    A exchange is ideal for a person who is more concerned about efficiency,reliability and doesn’t mind security or paying more for quality service.

    Holding the private key on self such as a paper wallet is more suitable for a person concerned about security, privacy and self sufficiency.

  • espellogo7
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    March 23, 2018, 06:56:03 AM
     #937
    Wallet is the best storekeeping in coins like myetherwallet that can hold many token.. It is not easy to open because they need a private key. So your token is secured and safe..in exchange have a big possibility that can be hacked. We've seen in news that exchages has been hacked and lots of coins lost...

  • IMNOOBODY
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    March 24, 2018, 11:33:13 AM
     #938
    If you are engaged in active trading, you will not be able to work without exchanges. I think that's understandable. Because of course the exchanges.

  • pooh95
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    March 24, 2018, 11:50:43 AM
     #939
    A wallets is the best place to store, if you can ensure its full safety. But I think you need to have a few wallets and not keep everything in one place

  • IraKit
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    March 24, 2018, 12:00:46 PM
     #940
    I keep my coins on the exchange because I constantly trade. Wallet is a transit link when moving from the exchange to the exchange and it stores only the necessary minimum ETH.
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