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Topic: Coins kept in exchange, are they safe? - page 16. (Read 5718 times)

full member
Activity: 686
Merit: 125
September 14, 2018, 09:48:20 PM
I don't really think so because exchanges could be hacked, as we have seen it happened to even one of the biggest exchange, I still think store our coins in the wallet, is still the best option, you just need to guide your private keys very well.
Well it could be possible of course but they can only phished you out or the exchange itself could be breach but as we all know that the developer of course does not want this to happen so they are actually securing exchanges and its wallets. Anyway we have to be cautious to not always log in in that exchanges to avoid getting phished out.
member
Activity: 218
Merit: 11
September 14, 2018, 09:45:03 PM
do not risk all your money. Why do you give the control of your life to others?
newbie
Activity: 140
Merit: 0
September 14, 2018, 09:43:19 PM
I think it's yes, the coin in exchange are safe, because it was secured by the team of exchanges. I am more confident in storing my coin in the exchanges than storing it to MEW. Its more vulnerable to hackers.
member
Activity: 280
Merit: 10
better Days Ahead...
September 14, 2018, 09:14:47 PM
I think I will disagree with you, exchanges can be hacked as well, and you will lose your coins, for me I will prefer to hold my coins in the wallet than leaving them on the exchanges, I will only leave on the exchanges if i am trading them, if not, i will move them to wallet.
full member
Activity: 686
Merit: 125
September 14, 2018, 09:11:40 PM
Yes they coins that are kept in exchanges are safe but you must also know that there are online scammers phishing out online exchanges or those account that are being used to access that exchange wallet and if you are online you should not forget to log out everytime you are done doing trading or transactions with that exchange.
full member
Activity: 392
Merit: 100
platform for everyday business
September 14, 2018, 09:08:19 PM
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.


Will,in my own opinion its not safe to keep some of your crypto coins in the exchanges,because of so many circumstances,and one factors of this if maybe the exchanges been hacked,or declared bankcrupt on there exchange trading,there is no guarrantee that you  can get back  all your crypto coins thats you put up on thats exchanges,so therefore its better thats you must keep all your crypto coins in your wallet,and put it only when you doing trade.
newbie
Activity: 98
Merit: 0
September 14, 2018, 08:59:42 PM
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.
sr. member
Activity: 1274
Merit: 252
September 14, 2018, 08:59:36 PM
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
I think exchangers have more holes than online or offline wallets, although it is safe or not it depends on yourself as a holder, it's just that in my opinion if we save in exchange it will make it easier for us to trading, so you don't need to move your funds around from wallet to exchange.
hero member
Activity: 2716
Merit: 904
September 14, 2018, 08:58:02 PM
I also keep some of my coin in exchange like in cryptopia and kucoin, thus altcoins i put there is for trading purposes and due to market fall i wont trade them for a while and i think it is safe, i put it there since May 2018 and i don't have any problem on it.
legendary
Activity: 2506
Merit: 1030
Twitter @realmicroguy
September 14, 2018, 08:50:32 PM
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.

It all depends on the exchange and your skill level.
jr. member
Activity: 280
Merit: 2
The FASTEST and MOST SECURE Token Exchange
September 14, 2018, 08:47:51 PM
I don't really think so because exchanges could be hacked, as we have seen it happened to even one of the biggest exchange, I still think store our coins in the wallet, is still the best option, you just need to guide your private keys very well.
full member
Activity: 238
Merit: 113
September 14, 2018, 08:30:37 PM
Depends on the exchange, I trust Binance as much as I trust Myetherwallet for example, but I wouldn't trust a lot of these shady exchanges
member
Activity: 602
Merit: 10
September 14, 2018, 08:16:29 PM
I would not recommend to keep all the coins on the exchanges. First it depends on what exchanges you keep them, if the exchange is small and not very popular it may be hacked and you may loose everything as well, or they may be locked by the owners. I would not recommend to hold on the big exchanges because there are may happen such things like the authorities may demand from the exchange to make big fees and some day it may become a real surprise to you. I would recommend to keep your coins on the Myetherwallet or on the wallets with their own Blockchain.

Exchanger wallet is not safe to keep our coin and token. Most hacker targeting on exchanger because many user keep their coin and token in exchanger wallet. If we decide to keep coin and token on exchanger, its more safe if we use 2FA to secure our account
full member
Activity: 291
Merit: 100
September 14, 2018, 07:18:54 PM
Coins in the exchange never are safe.  The exchanges are for temporary quick trades and then right back into your personal wallet.  I have had some bad experiences in the past with Houbi coin and after that I never stay on the exchange for more than 24hrs. 
jr. member
Activity: 294
Merit: 1
September 14, 2018, 07:09:36 PM
Never keep coins on a exchange than necessary.
Even a exchange can get hacked and most of the times the user of the exchange loss his coins through a hack.
Therefore, withdraw the coins, if you do not want to trade with them.
hero member
Activity: 938
Merit: 502
September 14, 2018, 06:28:30 PM
Exchanges are not a dangerous places to keep your coins and the coins are not in danger, but why would you keep it in exchange if not use it for trading? If the coins will be stored the best place is hardware wallet.
copper member
Activity: 798
Merit: 250
September 14, 2018, 06:26:32 PM
Depending on which exchange they are stored with. Generally this is quite safe, but I prefer to keep my coins on my Trezor. anything can happen, exchanges sometimes hacked , replace the address. therefore it is better to keep the most of your coins not on the exchange - on your wallet ..
Yeah, it should quite safe since it was a famous and big exchange like bittrex,binance, poloniex or livecoin. However they have 2fa factor in addition for more safety. Althought, surely the site still have chance to get hacked because hackers will be getting smarter over time.
sr. member
Activity: 938
Merit: 250
September 14, 2018, 06:17:18 PM
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
[/quote]
be careful to save your coins and make sure you are correct in storing coins that you have because now there are many hackers whose brains are extraordinary
newbie
Activity: 37
Merit: 0
September 14, 2018, 06:17:07 PM
It is very dangerous to keep coins on exchanges. I think it's better to keep the coins on wallet. Exchanges can be closed at any time and they are also protected from hackers as well as wallets. On exchanges you can also be banned.
sr. member
Activity: 602
Merit: 250
September 14, 2018, 06:16:30 PM
Holding coins for too long is not a good way. If the penny falls, you will lose money. Sell coins as soon as you feel the word or get back to the capital. I saw the market continue to go down without any signs of increasing.
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