A wallet as a container of money or exchange?

[Doovla]

I come to the question when I have to make such an important decision, should I choose the first or the second option, which is better and safer for you people? How long do you leave it on that option?

[Ambatman]

For long run keeping then container of money i.e if it means holding in a non custodial wallet  and for easy convertion of holdings then CEX. It all depends on your goals.
If this isn't what you meant you could try and elaborate but a wallet should be as private and have only your access like your normal Pocket wallet.

[Gladitorcomeback]

I come to the question when I have to make such an important decision, should I choose the first or the second option, which is better and safer for you people? How long do you leave it on that option?

Every platform serves a different purpose. If you are looking to store your assets, you should go for a wallet because an exchange provides trading and related services and isn't a place to store or keep your assets, you should buy and sell cryptocurrencies, buy and withdraw assets that you want to hold for the long term, and do other related services such as using P2P platforms, etc.

People who use exchanges to keep their assets are doing a mistake because you never know when things might go wrong and an exchange might close down or even get hacked or something, so always use non-custodial and decentralized wallets to store your assets to keep them safe.

[DabsPoorVersion]

If you plan to do long-term holding, it is safer to hold it in a non-custodial wallet. Don't ever decide on holding your assets in any exchange as you are not the one holding your money, but the exchange. Compared to a non-custodial wallet, you are the only one who has access to your private key, and no one can ever touch those assets aside from you.

[bitmover]

I come to the question when I have to make such an important decision, should I choose the first or the second option, which is better and safer for you people? How long do you leave it on that option?

The first thing anyone who wants to interact with cryptocurrencies should do is to set up his own wallet. This is very basic, and this information can be found in basically any guide in the internet about buying bitcoin.

Exchanges should only be used, well, to exchange. You shouldn't hold your assets there, unless you are willing to sell them in very short term.

[Doovla]

I come to the question when I have to make such an important decision, should I choose the first or the second option, which is better and safer for you people? How long do you leave it on that option?

The first thing anyone who wants to interact with cryptocurrencies should do is to set up his own wallet. This is very basic, and this information can be found in basically any guide in the internet about buying bitcoin.

Exchanges should only be used, well, to exchange. You shouldn't hold your assets there, unless you are willing to sell them in very short term.

Regarding security, can you find free wallets and on which sites, enough to not be stolen during transactions, for example?

[Lucius]

Regarding security, can you find free wallets and on which sites, enough to not be stolen during transactions, for example?

Practically all desktop/mobile wallets are free, and if you want something even more secure, then you will choose a hardware wallet that you will have to pay for. When you wonder which wallet is the best, then everyone will tell you their opinion - but it all boils down to the fact that the wallet is open source and non-custodial, which means that only you have control over your private keys (seed words).

Hacking of any wallet is mainly the fault of those people who use them in the wrong way, whether it is about becoming victims of clipboard malware, fake wallets or entering their seed on a fake website or wallet. If you do everything the way you should, it's hard for anything bad to happen to you.

To start with, I have a good link for you -> Let's help you find a bitcoin wallet.

[Findingnemo]

Regarding security, can you find free wallets and on which sites, enough to not be stolen during transactions, for example?

Let me give some names,

Electrum for Bitcoin

Metamask for altcoins and tokens

For Android and iOS Unstoppable wallet

These all are most secured wallet cause the source code is open and anyone is free to verify their actions.

Every wallet which are legit is designed to keep the funds but as long as we use them in right way there is no chance for the funds to be stolen.

Prefer Hardware wallet or an Airgapped wallet setup if you expect utmost security.

[Gurujebs]

I come to the question when I have to make such an important decision, should I choose the first or the second option, which is better and safer for you people? How long do you leave it on that option?

If you are not a trader, you don't have any business leaving your coins on any exchange whether it's a small amount or big, it doesn't matter. Your primary concern is to make sure that those coins get out of yhe exchange successfully to an external wallet which nobody controls but only you, always remember that a coin that you don't control the private keys doesn't belongs to you.

You can used any wallet that are open source and simple to used but if you can get a hardware wallet then cool, it's more preferable and more safe when it comes to security of your assets and it never connected to the internet.

[bitmover]

The first thing anyone who wants to interact with cryptocurrencies should do is to set up his own wallet. This is very basic, and this information can be found in basically any guide in the internet about buying bitcoin.

Exchanges should only be used, well, to exchange. You shouldn't hold your assets there, unless you are willing to sell them in very short term.

Regarding security, can you find free wallets and on which sites, enough to not be stolen during transactions, for example?

The most secure is always a hardware wallet. I would buy a trezor.

Id you are not using a hardware wallet, I would keep only small amounts

That being said, I would recommend Electrum desktop for bitcoin.

For altcoins, I use Exodus and Aqua (mobile, bitcoin and usdt)

[Faisal2202]

I come to the question when I have to make such an important decision, should I choose the first or the second option, which is better and safer for you people? How long do you leave it on that option?

Hmm, your way of asking the question is not so right, I suggest you to write the question into the post as well. As asking it in the title is a thing but you should also write it in the post body as well for some clearance. Well, I will choose the first option, as if I want to exchange of the funds I am holding in my wallet, why would I give the wallet to another person what if I have other tokens in it as well? I would still prefer to send him/her the funds over the blockchain technology I won't be giving them access to my wallet and in return get access to there's. I find this method unreliable.

And if you are making an exchange with a trust worthy person, and you have only one token in your wallet which you want to exchange with the other one, then I will say exchanging the wallet will do the work, but still scam can be happened even among trusted parties. But still wallets are not made for the exchange purposes, you have the option to send and receive the funds for exchanging purpose.

[taufik123]

The wallet is only used as your main storage, but when the wallet has many features for exchange then it can be an alternative.

A better exchange may be on the top exchange and the cost will also be cheaper.
But now with WEB3 you can exchange and connect wallets with supported Exchanges, but remember this is a high risk, always use a new wallet and not your main wallet to connect with other exchanges or Dapps.

[Rruchi man]

I come to the question when I have to make such an important decision, should I choose the first or the second option, which is better and safer for you people? How long do you leave it on that option?

Wallets started existing before exchanges, and exchanges only incorporated wallets in their services to allow people move their cryptocurrency from wallets to their exchanges for temporary reasons, not to make it a permanent store. The Genesis wallet, which is the first bitcoin wallet, was created before the "bitcoin market," which was the first crypto exchange.

Wallets will always remain safer than exchanges, but not all wallets, because care has to be taken when choosing a wallet to store your investments.

[Z-tight]

Why would you keep your money where you do not have control over it, where it can be confiscated at anytime or lost in fractional reserve scam, know that not your keys is not your coins. Get a recommended, well reviewed and open source wallet to store your funds, and if you are storing a large amount, use an offline wallet, that is either a hardware wallet or an airgapped wallet.

[MUGNIA]

I personally never store a lot of funds on the exchange, because there have been many incidents of losing funds on the exchange, so the exchange wallet is only for exchange not storage, for storage it is better to use an offline wallet, that is either a hardware wallet or an airgapped wallet.