Topic: Coins kept in exchange, are they safe? - page 10. (Read 5651 times)

All exchanges can be hacked. So if you want to keep your investment safe, put them in paper wallets. So you can have a comfy sleep..

it is very unsafe to store coins on the exchange, the exchange can be hacked at any time. I suggest you save a coin in a wallet that you have a private key or you can use hardwallet.

In any case, everywhere there is a risk of being attacked by hackers. Exchanges are no exception. I would advise you to keep the coins in your wallet after encrypting it. And store the wallet on an external resource such as a hard drive. And on the account of tokens and in particular the ERC-20 wallet. Be careful a lot of phishing sites. A private key passwords, etc. keep also on external resources.

i do not feel well when i have my coins on a exchange. i prefer to store my coins on my own paper wallet. it feels safer for me.

I think yes, because we will not lose our private key, but my advice is better we choose the right exchange to store the coins we have.

In my opinion , yes they are safe but I can't say that they are at 100% safe level because they are only exchange and if you will have  to access your account then surely you will needed to give email id and password and as we know that in the present time it is not much tedious for a hacker to access your email id and also your password by reset .
And second thing that there can be vulnerability in the programming of the exchange , and also there are even beside this many ways to inject Thier program to ACCESS the exchange , so here we can't say theya are safe .
Here I don't mean that they are fully unsafe , but here you need to remain clear in your mind that exchange are not just toys , they are improving theirself time to time with better updation by Thier team developers , a simple example we can have is yobit , since many people says that yobit is scam exchange but it was hacked by hackers once but now it is fully protected and a small activity ( about attack over the site ) they block every transaction for withdrawal .
And that why I didn't found anything bad in this thing , that we should have our altcoins at exchange , they are 99.99% safe .
But if you are willing to hold your altcoins assets for long term of one to two years then it will be better to use official wallets and take backup of your wallet for sure safety .

It eliminates the risk of someone hacking your computer and stealing your coins from it, however, it opens up new risk.  I would even say it is more risky keeping your coins on an exchange than on a PC or cold wallet.  If the exchange itself gets hacked or shut down you will lose your coins.  Cryptsy.com was an exchange and the owner claims it was hacked, and then all of a sudden disappeared with everyones Bitcoin, Litecoin and whatever else was stored on that exchange.  BTC-E was shut down bu the government, I do not know what happened to the coins in this case.

If you must store your coins on an exchange spread your coins around.  Do not keep them all on the same exchange.  And make sure you have a complex password and 2-Factor authentication set up.

no one is safe online but even in offline we are still prone to risk . in the case of cryptos , you can only secure your funds in full control if you put them on an offline storage such as hardware wallets  .  storing them on any exchanger is only recomended if you are trading them on a regular basis but if you dont actively trading them , then it isnt really advisable to hoard your coins on there because there is a risk of scamming or the exchange itself can also shutdown without prior notice .

I believe in big exchanges like binance because they walk here for a long time but there are still no guarantees on trading sites here like if they get hacked by some bad guys so our currencies can be hacked and actually I use 12 trading sites now so I only rely on their popularity in crypto so it's good for investment even though trading is very risky but we have many here who have good reputation and if I get a scam then I will look for other trading sites to secure me again from hackers.

like some of the cases on the exchanger has ever been exposed to hackers is sure it can be very risky if we keep asec coin we have. but I think the security of a Exchange already felt very secure, but still it can be exploited.

They are not safe from everything, coins can be put inside of a paper wallet for storage as well.

if stored in the wallet most likely very safe, but if stored in the market most likely to be able to hackers. this is what I have experienced especially in coins that have a high exchange rate.

I think thats not a good idea. Hackers can even penetrate exchanges. In fact, most hackers are actually targeting exhanges. In the previous months, there are numerous exchange sites that has been hacked and a lot of coins, tokens or crypto has been compromise and a lot of investors are lost a lot of money.

Exchange sites are not meant for permanent safe keeping of coins. Exchange sites are meant for temporary holding of coins in order to facilitate trading on the site. Due to the frequent periodic maintenance, an investor may lose his money when saved on the exchange site.

I do not think that is a good idea. There are exchangers which are being hacked. If you really want to keep your coins there, you must choose a very secured exchanger.

Most hacking in crypto world is always on exchange. Recently, japan exchanger just hacked and lossing $60million worth of coin and token. If we choosing store our coin in exchanger, better using 2FA for our security

They are safe, but as we have been seeing exchanges are hacking every month! Some big exchanges like bithumb, bancor got hacked this year, so in future, this will continue. That's why we shouldn't keep our coins in the exchanges for a long time. This is not suggested to use exchange like a wallet.

The exchange is more likely to be hacked than a wallet if you are talking about centralised exchanges. If your wallet gets hacked it is probably because you did something wrong. Exchanges get hacked all the time and it is completely beyond your control. Another reason not to keep your coins on a centralised exchange is that the exchange will lend your coins to people who want to short the coin you are investing in.

i better saving my coin in own wallet and keep my private key in secure place and backup it , because we dont know whats happen with the major or normal exchanges if we saving it on exchanges in future , seems alot exchanges got hacked and closed by some regulation , thats why i better saving it on my wallet than exchanges.

I think that to keep their coins on the exchange is more secure than your wallet. although both do not exclude the possibility that will be hacked