RE: Day Trade vs Swing Trade vs Long Term Holding
I would recommend Exodus. I don't know if you'll need to give out your 12 word seed phrase to claim your new EOS Tokens after the swap...I've not heard that. Even if you did, you could delete the Exodus wallet completely after the swap and download a new one with a new seed phrase. Just make sure you obviously move your coins off it before you do.
There's 2 reasons I'd recommend Exodus. The first is so you can claim upcoming airdrops. I think there's 2 or 3 more before the EOS mainnet launch. The second reason is because Exodus is obviously safer than keeping it on an exchange. That said, Binance is one of the safest exchanges, so you should be ok either way.
As far as tax implications, I don't know where you live, but I'd be surprised if you were taxed just for moving coins from one exchange to another. That should be the same as moving it from one wallet to another. It shouldn't trigger a tax event unless you sell.
You are great. I live in Connecticut. USA
If you're in the US, you're fine. Moving from one exchange to another isn't a taxable event. I'd appreciate an upvote if you find my content valuable. Thanks
If you leave EOS tokens on Binance, they'll register them and convert the tokens for you. Yes, you could leave some on Binance and some in your Exodus wallet, but why would you want to? I'd recommend just keeping them in one place. But it's up to you.
Exodus, like all desktop wallets, are susceptible to hacking if you're not careful.
I have quite a lot....if they are hacked in one place at least I have half in another.
If you have 2 computers, I would suggest using 1 for nothing but crypto and the other for everything else. This will GREATLY reduce your susceptibility to hacking. If you only have 1 computer, consider buying a cold storage wallet like Ledger Nano S. The registration process for EOS tokens will be more tedious on a Ledger, but your coins will be MUCH safer.