Topic: Binance CEO saying don't keep coins on exchanges - page 2. (Read 1023 times)
CZ is absolutely correct because it's much safer you store your assets in your wallet with your private keys in you. Just make sure you are not giving away your private keys to anyone then you are safe. Exchanges have high security but it doesn't mean they are not vulnerable with attacks, hackers always find way to penetrate just like what happened to cryptopia recently.
It's good advice but personally, since alts drop so much, I don't care really.
I just keep it on exchanges, hoping to see price rise again.
If nothing happen, I will simple forget it.
Of course, Bitcoin is safe at the wallet
What if those alts will pump and the exchange where you put your alts get hacked? I'm sure you'll regret your decision.I just keep it on exchanges, hoping to see price rise again.
If nothing happen, I will simple forget it.
Of course, Bitcoin is safe at the wallet
I really think I should valued everything I hold, I know altcoins have significantly drop but there is a chance that it will rise because I believe
on their potential to the market, it's just the time is not good for now, but over time it will recover and we will enjoy its real value.
It's good advice but personally, since alts drop so much, I don't care really.
I just keep it on exchanges, hoping to see price rise again.
If nothing happen, I will simple forget it.
Of course, Bitcoin is safe at the wallet
I just keep it on exchanges, hoping to see price rise again.
If nothing happen, I will simple forget it.
Of course, Bitcoin is safe at the wallet
It's a smart decision if you can afford it. For example, I can't because I'm trading on a daily basis and I need my coins on exchanges.
But it's stupid to hold coin on exchanges if you are got going to trade with. The best option is paper or hardware wallet.
But it's stupid to hold coin on exchanges if you are got going to trade with. The best option is paper or hardware wallet.
After some recent high profile hacks happening, Changpeng Zhao shares tips on keeping safe, mostly coming from a place of holding personal responsibility. But some say this is nonsense.
If you read the article there is a quote in that from Changpeng which says “Some people seems to misread this tweet. It lists 3 options. It does not say which option is better than another, as that depends on each person’s security skill, preference, fund allocation, etc. Most importantly, it is an ad for the [Binance DEX]. My bad for not making it clear,”.
you have misinterpreted what was said just like many others but it is mentioned in the article that this is not what he meant.
https://cryptomenow.com/controversial-tweet-draws-fire-ceo-of-binance/
After some recent high profile hacks happening, Changpeng Zhao shares tips on keeping safe, mostly coming from a place of holding personal responsibility. But some say this is nonsense.
It is a fact that we should always follow in order for us to not lose our money. Our cryptocurrencies are vulnerable to hackers if we will store it in exchanges because we do not have full control to our money. If our focus is holding our coins in a long time, it is better if we will store it in a cold wallet or hardware wallet. After some recent high profile hacks happening, Changpeng Zhao shares tips on keeping safe, mostly coming from a place of holding personal responsibility. But some say this is nonsense.
You shouldn't hold coins on an exchange. You should always withdraw it to a place where you control the private key.
Yeah you are right. I also following this method. I always try to keep my all coins on my private wallet.
The question is what exchange you use. Most modern large exchanges have several degrees of protection. It is as safe to keep money on them as in a residential or bank account. There will always be a risk that someone can steal your money. But, as practice shows, this doesn't happen often.
What Binance CEO stating about keeping of coins on exchanges is true. Other than decentralized exchanges it is true that we are keeping our coins on a high risk platform. The exchange operators do the best to keep the users funds in a secure manner, but the hackers around were much focused on the growth happening with cryptocurrency network. This is the reason for increasing hacks on exchanges, as suggested lets try to keep our coins safe.
I am agree with what binance CEO says. We should keep our own security by storing our coin in wallet we control. Hard for hackers to steal our coin if we keeping safe our private key. With cryptopia case, i am believe major exchanger increasing their security
Paper wallets are key!! Maybe some would have even avoided the hack. But what's done is done and like you mentioned there security needs to be increased big time 
https://cryptomenow.com/controversial-tweet-draws-fire-ceo-of-binance/
After some recent high profile hacks happening, Changpeng Zhao shares tips on keeping safe, mostly coming from a place of holding personal responsibility. But some say this is nonsense.
After some recent high profile hacks happening, Changpeng Zhao shares tips on keeping safe, mostly coming from a place of holding personal responsibility. But some say this is nonsense.
Is probably fine to store your coins on your trusted exchange. But don't keep it too long on the exchange, only keep the coins that you want to trade for a short time...
We don't know how long this exchange will be kept alive from hackers. Better keep your coin on your private wallet if you want to store your coins for a long time...
yes i am scared right now.i have hold my asset on cryptopia and may be i lost and it was my wrong decision.i think exchange like is safe but not fully safe.we can use paperwallet to hold our asset.
well, that's a lesson for you. I have also saved assets that I had several times on exchangers, and I have never lost it. well, but we have to be careful, we don't know when your assets are lost in a market. maybe it's better to store it in a wallet like a blockchain, or hardwallet.
yes i am scared right now.i have hold my asset on cryptopia and may be i lost and it was my wrong decision.i think exchange like is safe but not fully safe.we can use paperwallet to hold our asset.
https://cryptomenow.com/controversial-tweet-draws-fire-ceo-of-binance/
After some recent high profile hacks happening, Changpeng Zhao shares tips on keeping safe, mostly coming from a place of holding personal responsibility. But some say this is nonsense.
Only noob and newbies are trusting the exchangers overnight for their coins and tokens because for the old timers they know how risky leaving your coins on those platforms after you made tradings or buyings this must be an eye opener for many cryptonians that the vulnerability of exchangers to hackers are very often so to save our precious coins lets take them out and return to our wallets every after tradings After some recent high profile hacks happening, Changpeng Zhao shares tips on keeping safe, mostly coming from a place of holding personal responsibility. But some say this is nonsense.
Well if the ceo told us that. I am wondering what it will happen with binance in the next coming years ? What is good for us is the new incoming nano ledgers and we should all move to this new gadgets.
I'm absolutely agree with him. If you hold tokens and don't plan to trade in the nearest time, it would be better to transfer yor money to cold wallets where they are in safety. For example, Trezore or Ledger wallets.
hmm, i think it will be good when you dont save your cryptocurrency in exchanger. because the purpose of exchanger is not saving bitcoin, but it is for exchange bitcoin to another cryptocurrency.
In my opinion, his advice concerns only new users of cryptocurrencies. Everyone who deals with cryptocurrencies a year or more knows very well that keeping cryptocurrencies on exchanges is the worst thing that can be. Cryptocurrencies should be kept on a wallet secured with a very good password, preferably on external data storage.
Indeed, storing our assets in an exchange is not recommended. because full control of our assets is in exchange. and is very vulnerable to hacking which is happening today. even now there are many exchange responsibilities that run away
I believe that if the investment is only a few hundred dollars, you are not so exposed to hacking, especially as the top exchanges are not so vulnerable. I do not think anybody who has left their investment on Binance, for example, was out of money because of hacking. But, however, it is good to choose the version of a private wallet, but you have to take care of it.
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