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Topic: Coins kept in exchange, are they safe? - page 2. (Read 5651 times)

jr. member
Activity: 238
Merit: 1
W12 – Blockchain protocol
October 18, 2018, 02:59:13 PM
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
in my opinion theybare never safe but actually you can rely on different things that will keep them safe but ig is your own risk
jr. member
Activity: 238
Merit: 1
http://www.securix.io/
October 18, 2018, 02:57:53 PM
No, never. They are never safe. You are not owning the private key of those address means you are not the owner. So, there is always a risk to lose all of your fund, better you withdraw and put on qt wallet where you can hold the private key.
really, well that means that i am a lucky person, well thank you so muxh for your post i will be more careful next time in exchange
jr. member
Activity: 238
Merit: 1
http://www.securix.io/
October 18, 2018, 02:56:45 PM
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
it depends on the exchange but usually it is safe at least i ahev not suffered form any problem connected to that
member
Activity: 165
Merit: 10
October 18, 2018, 02:55:48 PM
No, never. They are never safe. You are not owning the private key of those address means you are not the owner. So, there is always a risk to lose all of your fund, better you withdraw and put on qt wallet where you can hold the private key.
member
Activity: 308
Merit: 10
October 18, 2018, 02:54:14 PM
keeping  in  excahnge  may  not be  safe  all the time  because i  have  heard  that  there  is  been  hacking  and  for  that  reason  i  do  not recommend  you  to  do  the same thing  better  to  hold .
full member
Activity: 288
Merit: 100
October 18, 2018, 02:49:56 PM
All systems are safe. I didn't linger to save my coins in exchange. I am very afraid of losing the coin. But I will believe if the exchange has a lot of complete data verification. But until now my coin is still safe on several exchanges. It is very difficult for a hacker to take your assets because the exchange is now more sophisticated with a high security system.
member
Activity: 364
Merit: 10
October 18, 2018, 02:41:04 PM
I also keep all of my assets on the exchange, dans so far there are no significant obstacles because I keep them in a local exchanger
jr. member
Activity: 89
Merit: 1
October 18, 2018, 02:39:47 PM
exchanges are working about the safety of their customers. but the risk of hacking always remains. certainly don't need to store everything on one exchange.
full member
Activity: 458
Merit: 112
October 18, 2018, 02:29:21 PM
Coins on exchange are safe, but you need to get your own personal wallet if you will keep the coins for a long time.
There are some time where some hackers attack the exchange and you might lose your coins there.
It is better and safe to have in on your own wallet.
jr. member
Activity: 364
Merit: 1
October 18, 2018, 02:27:40 PM
Its a very bad idea to keep coins in exchange sometimes it could be kept for reasons of selling but for storing its not a very nice one there is every possibility for it to be hacked and every of your coin stolen store your coin in your wallet its better that way
full member
Activity: 1190
Merit: 111
October 18, 2018, 01:35:15 PM
Having your token or coins in exchange is good but not for a long time.
If you are planning to keep the tokens for a long time like months or years.
it is better to have in your personal wallet. there are times that exchange be hack and you might loose your tokens.
member
Activity: 398
Merit: 10
October 18, 2018, 01:33:20 PM
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
if you feel it's not safe, buy a hard wallet and transfer token to your pocket!
I think the rish is there, but not that much.
my money is not that big to invest.
I would think to a wallet if my money that much.
full member
Activity: 378
Merit: 100
October 18, 2018, 01:27:01 PM
i  think   your   coins  are  im  very  danger  because  excahnge  first  is  not  same  and  also  is  not  safe  and  i think if  you  don t  remove them  you  are  going  to loose  all of them.
full member
Activity: 1022
Merit: 100
Meta4uStake.io
October 18, 2018, 01:25:03 PM
It's not always safe even though you keep it on the exchange. There's possibility that it could be hacked. It's good to leave some token on the exchange, but don't leave all in exchange. Even if it is very good exchange and claim that they have the best security on their platform. It actually doesn't guarantee that hacking would never happen.
member
Activity: 165
Merit: 10
The World’s First Blockchain Core
October 18, 2018, 01:17:32 PM
Exchanges are not 100 percentage safe my friend. Surely i think binance is nearly safe like 99 percentage but always hardware wallets are the safer than any other thing. so if you have valuable coins please buy a hardware wallet.
full member
Activity: 476
Merit: 102
Kuvacash.com
October 18, 2018, 01:15:52 PM
They are as safe as in a bank, which is what we initially try to avoid, it is always advisable to have the coins in an exchange if you are going to trade and you do not want to eat the fees, but in the end if you are going to save or make hodl, the most advisable is to have them in a reliable wallet as electrum or another recommended in bitcoin.org.
full member
Activity: 728
Merit: 110
October 18, 2018, 01:15:03 PM
Depends on which type of exchange do you keep your coins. I would trust more to DEX. This kind of exchange keeps all info in the blockchain that is more safe than just a in some regular centralised databases.
full member
Activity: 518
Merit: 100
October 18, 2018, 01:11:31 PM
They are not that safe, you should only have coins in exchanges when you are trading with the coins or trying to exchange the coins for another coin but once you are done you should be taking all of the coins out of the exchange. You do not control to the private keys to the wallets on the exchanges and therefore you do not control your coins on that exchange
jr. member
Activity: 51
Merit: 1
October 18, 2018, 05:19:10 AM
All Exchanges are not created equal and one can still lose exchange coins due to exchange getting hacked or shutdown due to government regulation or some other reason. So it is useful to keep a good portion of your coins in your own wallet. To reduce the risk, use multiple exchanges and multiple wallets too.
Actually, both wallet and exchanges is not a hundred percent safe.  Your wallet can be hacked, same with exchanges. The difference is, most wallet are hacked because of owners negligence, and with the exchanges, it is more of lack of security of the platform itself.  If you are holding for long term, it is better to have a hard wallet to store your coins.
Thank you
newbie
Activity: 34
Merit: 0
October 18, 2018, 05:12:10 AM
It depends on the exchange. Some can provide not just an in-built wallet but a cold storage (for example, CEX, https://cex.io/). That means your coins would be placed offline which prevents money theft. But anyway, hardware wallets are better.

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