Post
Topic
Board Beginners & Help
Re: Wallet or Exchange?
by
qwertyup23
on 11/11/2021, 17:39:45 UTC
Hello,
For buy and sell coins and token, a wallet is better or an exchange? Which one is cost effective?


Thank you.

I highly advise to check your local exchange in your country if they offer a buy and sell option for convenience. But like what most have mentioned, avoid exchanges that require KYC function as such offers abysmal rates on buying/selling cryptocurrencies.

Preferably, once you purchase your coins in a given exchange, avoid putting them and storing them in that exchange for a long period of time. There have been histories of exchanges getting scammed and most of the BTCs stored were stolen. I highly advise that you purchase a hard wallet for maximum security of your coins and to avoid the problem of getting scammed.