Post
Topic
Board Beginners & Help
Re: Wallet or Exchange?
by
sheenshane
on 06/11/2021, 23:11:04 UTC
Hello,
For buy and sell coins and token, a wallet is better or an exchange? Which one is cost effective?


Thank you.
I won't give the wallet list link because it was dropped already above by @tranthidung, that was a helpful thread for a list of hardware wallets.

IMO, if you don't care about a KYC procedure, I will go in a centralized exchange that has a lower fee upon withdrawal (it might be Binance but if you don't want as suggested above, an exchange like Kucoin is the best option too) and then, transfer on it in your hardware wallet if you want to store and hold it for a long run.  This has been always reminded by most members here to the newbies asking safe storing assets, always remember this line "not your key, not your coin", that's a golden rule in crypto.

But all of these I mentioned above were depends on you, I even allow myself to store coins on exchange but it should be a week or days only, not for a long term purpose.