Trade on the Exchange, not in a "wallet"

[Carbitcoin]

For Doge and other cryptocurrencies, a new cryptocurrency wallet called the Atomic wallet can be used very conveniently. You can be convinced of its usefulness for storing and exchanging cryptocurrencies. But I can't figure out how you used Trust Wallet to store Doge coin?

Yeah. You read that right. Trust wallet is a multi-currency wallet. And also, it supports both trading (though not a good practice) and storing of it. I don't know why you are surprised. Or maybe you aren't aware of this.
Go to your wallet. Search for Doge and click to create a wallet. Simple.

Undoubtedly, Trust Wallet is a very good and reliable wallet, which are compared to the Internet by Meta Mаsk, But when it comes to trading in wallets or on cryptocurrency exchanges, then you need to choose between high commissions and security.

[yurez]

It is not convenient for me to trade in the wallet, since I have a habit of working and trading on a PC. For this reason, I only trade on exchanges.

[raisajahan]

If you want to trade you have to select any exchanger not in a wallet because wallet is not for buy and sell its just for store few currency. so don't use wallet for trading just try for hold.

[Fakhrulenclix]

You are wrong, is not about the wallet but The main problem is because of the centralized wallet.. PAYPAL. Yes PayPal is the main problem

It's okay trading on the wallet, check Uniswap and other DEX.. direct on the wallet but everything okay..

So no more trust centralized company anymore, Leave PayPal and other centralized company alone and take your financial freedom

[Stuart]

I really have not traded using wallet before, cause I take wallet as a place I keep my coins and the exchange as a place I trade them for other coins. Trading with exchange is more safer as it is designed for trading and making exchange with your own coins for other coins, with different pairs and also other benefits of trading using that particular exchange. It is also more safer to trade in exchange to avoid mistake in wallet address, There are lots of benefits in trading with exchange than trading using wallets.

[AGM]

Trade in wallet is very risky. I have seen one of my friend already have lost his all assets by connecting main wallet. So use exchange wallet that would be good decision.

[Fakhrulenclix]

Trade in wallet is very risky. I have seen one of my friend already have lost his all assets by connecting main wallet. So use exchange wallet that would be good decision.

I also trade directly in my wallet connect my wallet to the platform and everything okay. It's not about trade on exchanges or wallet, but it's about what platform do you use.  If you use the trusted platform you don't need to worry, everything safe

[ayatoslaw]

I really have not traded using wallet before, cause I take wallet as a place I keep my coins and the exchange as a place I trade them for other coins. Trading with exchange is more safer as it is designed for trading and making exchange with your own coins for other coins, with different pairs and also other benefits of trading using that particular exchange. It is also more safer to trade in exchange to avoid mistake in wallet address, There are lots of benefits in trading with exchange than trading using wallets.

I agree with you, in general the Exchange is better for trading, a wallet is only a place to store coins,
but now many wallets support instant swap, you can use this menu for quick trading in case the market suddenly crashes deeply.

Trade in wallet is very risky. I have seen one of my friend already have lost his all assets by connecting main wallet. So use exchange wallet that would be good decision.

Ddoes your friend trade via DEX? and what DEX do your friends use?
however trading with DEX is not recommended using the main wallet, you have to create a second wallet to trade on DEX, this strategy is used to anticipate if the DEX you are using is a scam.

[Raqeebzy]

Does your friend trade via DEX? and what DEX do your friends use?
however trading with DEX is not recommended using the main wallet, you have to create a second wallet to trade on DEX, this strategy is used to anticipate if the DEX you are using is a scam.

Very right Ayatoslaw. Particularly, I have come across such fake Airdrop and exchange (swap) ; VCC swap where VCC tokens are sent to participants Tron wallets and attempts to swap the tokens in VCC scam exchange steals all TRX present in such wallets. Dex are much risky. It is just better creating a separate wallets dealing with them.

[sky20]

Connecting a wallet for direct trading is very risky. At any time the wallet may become empty. Moreover, the wallet is the place to keep all your assets. None of us want your assets to be at risk for a small trade. So avoid connecting the wallet as much as possible.

[Traderbtcc]

I think wallet is just for storing funds and also making transaction like sending and receiving funds, it was never meant for trading. Exchanges are meant for trading, many are complaining about high transaction fees and insecurity in most exchange, try to look for an exchange which has strong security features and also charge low fees like Binance , coinbase, kucoin etc.

[ayatoslaw]

So avoid connecting the wallet as much as possible.

Actually connecting a wallet to multiple DEX or wallets like metamask is fine, but with a note that the wallet you are using is a spare wallet, not the main wallet

try to look for an exchange which has strong security features and also charge low fees like Binance , coinbase, kucoin etc.

look for exchanges that have two wallets at once, such as exchange.bitcoin has both a hot wallet and a cold wallet,, so you have to move your main fund to the trading fund.

[Fadhilz123]

That's PayPal, we don't call it a wallet, but we call it third party storage, and so risky using a third-party platform.

Are you familiar with Defi?? All defi projects using the direct wallet to trade it. Almost 3 months I joined Defi, From the Ethereum blockchain and now the BSC blockchain, I trade directly from wallet, and until now everything is safe.

[Vx1]

Almost 3 months I joined Defi, From the Ethereum blockchain and now the BSC blockchain, I trade directly from wallet, and until now everything is safe.

Trading on wallet and exchange can actually be done well, and it is a common thing. However, most people are more familiar with trading on exchanges. So they find trading on the wallet less convincing.

[Anonylz]

Some of you may be used to trading on wallets, but have you ever thought that it was risky?

Yes, recently a Paypal user in the US received a message from Paypal that his account was permanently limited for reasons of "potential risk",
The user said he buys bitcoins at a low price then sells them at a high price at least 10 times a week. because of this Paypal asks for an explanation for every transaction he does.

Paypal policy is currently not charging transaction fees for users who sell and buy bitcoin until 2021,
So in my opinion paypal is quite reasonable, because paypal does not want to get a loss due to high volume trading carried out by its users.

What do you think about this incident?

For more details, you can read it here:
https://cointelegraph.com/news/paypal-suspends-user-for-crypto-trading-using-paypal-s-own-service

Trading from wallet seem safe, I noticed that was a good idea back when i did that in my luno wallet but for some reason like having access to many other cryptocurrencies, you my ight find wallet trading a bit limited to few options so for that reason, exchange trading still seems better for me and you most do this with only the big exchanges and of course there are always risk in all.