Exchange or Wallet?

[askmecrypto]

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

Personally I only keep day trade tokens over exchange, my long term holds like BTC, ETH, NEO, etc are always kept safe in my ledger.
Your private key make you the real owner of your coins and they are always safe.

[mmo4me.2016]

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

If you keep it for a long time, you should create a wallet and store it. If you regularly exchange, you should hold on the exchange
Thanks

[Tsubachuchu]

If you want to trade it now, it will be better if you send it to the exchanger but if you want to wait until the price will get high, just store it your wallet because you can access it anytime until you have access to your private key, it is the same at the exchanger also.

[asepsetiawan1990]

I prefer after the coin in trading in exchange next store in the wallet that has a sufficient level of security.

[Rabbai89]

I keep all my coins in wallets, like desktop wallets or my ledger nano s. I hear too much about exchanges getting hacked and peoples money going missing! Just like what recently happened to bitgrail with all that Nano!

[Schultz88]

You will need both of them, you need exchanger to sell or buy coins and you need wallet to save you coins. If you are daily trader I suggest that you need to have accounts in many exchanger, do not put your entire coins in one exchanger.
why do you need to do it, when one exchanger hacked and you lost of your coins then you still have on another exchanger.
Use your cold wallets for your coins saving.

[Cactushrt]

Is it erc20 tokens and plans to hold it? If yes it is recommended to use a wallet which you hold your own private key. Your exchange account can be easily hacked if someone knows your email and password.

[bskousen]

So far I have had the best luck with wallets. However, if I want to trade or plan on trading anytime soon I will keep in on an exchange. Problem is when you run into things like Binance shutting down for days on end. Really hope this stuff gets more user friendly.

[Sendah]

It depends on what did you do, trading or hold? If you are going to trade you must put on exchanged. Actually my coin is in the wallet it's because I planning to hold them for the long term and save for the future. 

Thats good idea, save your coin for the future, but of course be careful to keep your key to access your wallet.
In the exchanges account there possibility to hacked and lost your funds.

[Daria_daria1992]

It is believed that the exchange for keep coins is not safe.  You never know what can happen to the stock exchange.  It is most correct to store coins on individual purses for each coin.  But it's very long.  I believe that the main thing is not to keep the altcoins in one place.  And better so - part on the exchange, part on MEV, Waves.  And for coins, which you bought for hold, it is better to have separate wallets.

[christina30]

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 i rather pick the wallet. Because many exchanger now are hijacking by a hacker its not safe to put your money in a exchanger. Even in a ICO and airdrop they recommend use wallet instead of exchanger.try store your coin/token in mytherwallet or imtoken. They are popular wallet

[cajuelan]

I stock coins on some exchanges because I'm learning to trade, But I still prefer Wallet..

[grinmoure]

Wallet for the big bucks and maybe an exchange if you expect to be trading soon.

[olia10]

The main thing is not to keep everything in long bars on stock exchanges and online purses. It is best after the purchase, part of transfer to the desktop purse and save the wallet files, private keys on the flash drive (and preferably two). + Encrypt the USB flash drive.

[cryptoamumu]

If you're a long term hodler, get them off exchanges and store them on a hardware wallet for safe keeping. Exchanges get hacked all the time. Even if you plan on holding coins short term like 1 - 2 weeks, I would still store the coins off the exchange to be secure. The only time you leave coins on an exchange is if you day trade.

[arvindschdv]

If you want to trade then obviously an exchange. You want trading in coins on daily basis buy or sell then go to exchange and If you want to hold your coins then obviously in wallet. wallet is safe because u have private key to access.

[Starla]

better kept in the exchange wallet because it is more secure and can monitor the price of the altcoin at any time can be traded

[jaocoincrypto18]

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

Use the wallet to keep your coins safe then better if you use Ledger NaNo S which is an offline hardware wallet to ensure the safety from online hackers.You should send coins only for trading because even popular exchanges are now very vulnerable to be compromise by online hackers.

[carlisle1]

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

first what is point asking this.whats the motive behind being conscious of looking for better option,if you are just putting the coins to be safe,well i guess wallet is the answer,but if you want investment and sooner want to engaged in daytrading well the answer is exchanges mate.best thing is tell us what do you want for your coins so we can answer more appropriately

[arkaasay]

I think it depends on the investment you want. If you want to invest in the short term then obviously an exchange. But if you want to invest long term then wallet is the best choice.