Exchange or Hardware Wallets?

[Sotherefore]

Hardware wallet are mainly for those who are really interested to invest for long-term purposes, cryptocurrency exchanges is the best because you can have an opportunity to buy any crypto currency of your choice and sell it out when you expect a serious drop

 

[Ononivami]

I don't use the hardware wallet. I use the exchange for easy Liquidation of my assets. Although, the hardware wallet is safer than the exchange wallet because its offline and not prone to hacks.

 

[tyrim88]

The option of having a hardware wallet is quit safer compare to the exchange platform wallet.But the difficulty in aquiring these haedware wallet is what has made lots of persons to fall back to exchange platform in doing transaction.

 

[Lens]

I prefer using the exchange platform because of the easy to convert your cryptocurrencies to the fiat currency. This is what is termed easy and effective liquidation.

 

[Bookwormlux]

I prefer an online exchange platform because it will be very easy for me to recover my account anytime I misplaced the login details, unlike a hardware that it will be very difficult to do same .

 

[Chibson]

If you want to hodl your cryptocurrencies for a very long time then you must get a hardware wallet because it is safer. The downside is that you need some amount of money to purchase it unlike the online wallets like trust wallet and metamask. If you are a trader, then you should use exchange wallets like binance.
If you want to hodl your cryptocurrencies for a very long time then you must get a hardware wallet because it is safer. The downside is that you need some amount of money to purchase it unlike the online wallets like trust wallet and metamask. If you are a trader, then you should use exchange wallets like binance.

 

[Josephjossy]

I think it all depends if you are keeping your coin for a long time, iif you are keeping or trading have to decide the kind of wallet you have use

 

[glitch]

I would rather keep a hardware wallet myself but I have yet to invest in one. I am not sure if I will or not. I guess it depends on how much I invest.

 

[Setho]

For a lot of beginners, they are going to prefer to store their cryptocurrency in exchanges because cool dual is usually have a lot of complexity and it is usually not easy to use with high fees . Cold wallets remain best for long term storage.

 

[Ononivami]

The hardware wallets is better than the exchange wallet for security reasons. With the hardware wallet, your funds are kept away from the cybercriminals. Your wallet keys will be in your custody.

It's very correct that the hardware wallet is away from the Internet except when the need to use it comes up. It is away from the Internet hackers unlike the wallet of the exchange.

 

[James]

If you know how to handle hot wallet then it is best as it is secure and you can also have worry free about your investments otherwise better use exchanges specially those which are regularly regulated and famous like Binance.

 

[Ononivami]

Th hardware wallets is very save security wise, it is kept away from cybercriminals. The hardware wallet is the best wallet that on should have but for easy liquidity, it seems the exchange is better.

The cybercriminalsm would want to penetrate the hot wallet because it us always connected to the Internet and that makes it very porous. Thus made the hardware wallet better.

 

[LadAckerman]

It depends on what you want. Whether you decide to store your Bitcoin on an exchange or in a wallet is purely a personal choice. However, storing your digital currency on an exchange could see you lose all your digital currency if the exchange is hacked or if the owners traded the currency and ran off.

 

[Monster Masterpiece]

Many people have warned about using exchanges as wallets. Exchanges could be hacked any time. I think it is much better to keep your funds in software wallets. I use Coinomi wallet, which is used by many people around the world.

What do you mean? Means use of the Binance deposit address could happen it is hacked or something similar? I do not think because it is the most secure exchange wallet.

 

[Lens]

I will prefer to use the exchange because it is probably one of the best way to liquidate your cryptocurrency. The major fact is that the cryptocurrency assets will better liquidated on the exchange.