Not really. Better keep them in a hardware wallet.
IMO in the future, you will be able to store crypto by a 3rd party with insurance. Recently BitGo got approval for crypto custody:
https://coincodex.com/article/2339/bitgo-receives-approval-to-offer-regulated-crypto-custody/
Topic: Coins kept in exchange, are they safe? - page 15. (Read 5718 times)
Coin kept in exchange is not in your control and if it is not in your control then, you don't have limited access to your coin. If your are trading short term with your, do what you want to do as fast as you can and withdraw to a wallet you have control over!
You should learn more about how to save your own coins. exchanges risk you losing your coins and losing your money. you should read the suggestions of everyone in this forum. they give a lot of knowledge.
of course all the advice given is very useful. But saving some assets in exchange has the risk of losing assets, but if the exchange provides security guarantees I think your assets will remain safe. every exchange has a level of security that I think is also not easy to be damaged by people, they built a security system that I think is strong enough.
in my opinion, if it's stored in a trusted exchangers then it will be safe. However, still do not save for a long time. because it could be hounded by hackers. and don't carelessly also save in the exchanger.
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
No way! when you feel safe there will be your nightmare. never put your assets on hot wallet (exchange wallet). Even they have a good trust or popular exchange. Send to the exchange when you want to exchange it. My friend lost almost 1M HYDRO on mercatox. and no response. The best way is to keep your asset in your wallet. and keep tight your private keys.
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
Its ok for me but i think make sure your exchangers is legit and you can store your funds there Because many traders lossing there funds after store there funds for a long time ago.
You should learn more about how to save your own coins. exchanges risk you losing your coins and losing your money. you should read the suggestions of everyone in this forum. they give a lot of knowledge.
It's always risky to put your coin on exchange but we can trust on some big and trusted exchanges like binance kucoin etc.. otherwise you will put your coin in wallet like coinomi.
for me the coins would be safe if it is stored in a wallet without you connect online. because the entry in the exchanger means already connected online. and this will affect its security. because hackers would be easier to get it.
Coins need to keep in a wallet because it is more secure. Now the main purpose of hackers are big exchanges and there have been many cases when the attackers managed to steal a large number of coins.
Its safe while exchange not be hacked.
I dont know how exchanges store their moneys but for him making it harder. They operate everyday huge amount deposits and withdraws.
We can use totally cold wallets where funds in super safe place
I dont know how exchanges store their moneys but for him making it harder. They operate everyday huge amount deposits and withdraws.
We can use totally cold wallets where funds in super safe place
Nothing is safe in my own opinion, the only thing i might consider an exchange is because if they get hacked, they normally refunded the people that are affected, but notwithstanding, storing your coins in the wallet you have the private seems to be the best, exchanges might delist the coin, or implement policy that might trap your coins in their exchange.
But I've seen plenty of exchanges that got hacked only offer refund for few percent, for example %40 of the total funds the client have it's happened a year ago if Im not mistaken and it's really dangerous considering that the security of the exchange really depend on the developer notthe client, refunding only a half of amount will definitely make the client losing money and put the client in an uncomfortable position while actually the exchange should have all the responsibility.
You should keep your coin in your own wallet like Trezor, keep in it is the safest. Keep coin in exchange is not enough safe because exchange can be hacked or shutdown.
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
I think the safest place to save your coin is in wallet, i don't trust any exchange because too many exchanges got hacked too. It will be a very safe if you using harrdware wallet like trezor. I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
I find it risky because most of exchanges these days are hackable. We should better store our earnings and coins in a nano ledger to make it safer. We must always know how to secure all our earnings and coins.
I feel that , this is the place where the hacking is more. Exchanges are not safe. You should be wary of exchanges. You need to keep your coins in your wallet. This is more better than keeping it on exchanges.
Exchanges can be hacked.
If I would prefer to keep in the wallet of course. because it connected online exchangers. and it's very easy to track by hackers. very dangerous and it is less safe.
Both keeping on the wallet and keeping on the exchange are both prone to hacks, I think the best to do is to be careful and learn some tips to will help us to protect and safeguard our wallet better
the risk is the same whether it's in my wallet and also in Exchange. hackers have always had many ways to be able to take any assets over it in the server online. but at least a lot of hacking cases occur in the wallet and this makes the Exchange may be a little safer.
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