Post
Topic
Board Altcoin Discussion
Re: Exchange or Wallet?
by
KingKrypto
on 10/03/2018, 22:11:53 UTC
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
Keeping your coins in your wallet is far safer than keeping them in an Exchange.
Exchanges can get shut down, can get hacked and ultimately you will lose your money and you didn't even do anything wrong.
On the other hand, your wallet is also at risk when it comes to viruses and hackers.
Either way, you must be cautious.