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
Before we can answer to your question. We need to know what coins and what is your purpose to keeping your coins.
- If you need buy/sell your coins fast (buy/sell altoins will bitcoin or fiat currency (USD/EUR...)) => You should keep it on exchanges,
- For long term holders (who want to keep their coins in their wallet for many months), they can keep it in their own wallet.
(It takes some time and fee, when you send your coins from the wallets to exchanges to sell/buy)