Some coins are actually coins on the Ethereum (or other) blockchain, so sometimes if it is an ERC-20 token (that's what Ethereum tokens are called) you can store it in an Ethereum wallet. My Ether Wallet is the most popular one that supports a wide range of popular ERC-20 tokens.
It really depends on the coin though. I imagine Binancecoin might not have it's own wallet, for example (not sure though) since the coin is part of the exchange. Which coin are we talking about?
Funny enough binance was one I was thinking about...but I guess if the exchange dies so does binance sooooo that one really doesn't matter much lol.
And now that I went back into https://www.myetherwallet.com/ I just realized a lot of the coins I thought had to stay on the exchange are available to hold on that wallet!
Thanks for making me double check @pandorasbox
Yes Binance I would assume does not have it's own wallet (yet?). They'd much rather you use the exchange instead!
I actually stay away from coins like that for this reason. I'd love to buy some WTC but I can't figure out what place I can store them that isn't an exchange..
My Ether wallet https://www.myetherwallet.com/ is the adress.. be sure to use that and not ethereum as you wrote, or you might end up somewhere scammy! :)
Agreed and good catch on the https://www.myetherwallet.com/
I switched it on my response too just to make sure I don't mislead someone! ;)