Post
Topic
Board Altcoin Discussion
Re: Exchange or Wallet?
by
Jombitt
on 25/03/2018, 23:53:47 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

Do not use exchange wallet just for storing your coins, there is no way you can get back your coins once the exchange have been hacked. Only put the coins into the exchange if you are going to trade it and sell out immediately and withdraw to an external wallet once you are done. Hardware wallet such as trezor is one of the best wallet you can use for keeping your coins.