Topic: Coins kept in exchange, are they safe? - page 21. (Read 5692 times)
No, safe storage of cryptocurrency on the exchange can not be called, as there were frequent cases of hackers on the exchange.
I don't feel safe when my coins are stored on exchanges. Because I don't have full right to control my coins, exchanges hold and store billions dollar of customer funds online in their wallets, these wallets are target of hackers. I prefer store coins on my personal wallet, I only put a fixed amount on exchanges for trading purpose.
Already many people who experience their assets are lost in the market because the market is hacked by irresponsible people, I think the exchange is not safe to store crypto assets, you better save in the wallet with the private key and only you know.
I also have coins in some exchange and i think that it is also safe but we should be more aware of the hackers, by using different usernames and passwords just to avoid to hack our coins in exchange. Also do not log in on any other unreliable sites.
I have a lot of coins which i store on exchange, i dont feel doubt on it. As long as you keep your credentials with you. I think nothing to worry, Bookmarked all website your in. So no hacking will be made.
To me i dont see any reason for me to keep my coin on exchange. It is either i convert it to fiat or i keep it as coin in my wallet. Though wallet can be hacked if you are not careful with your private key. You have to also look at it from the angle that exchange can also pack up at anytime and you wont have the opportunity to withdraw your token and they can also change their policy which might also deprive you the opportunity to be able to withdraw your coin when you need it.
in the event that I am more secure to keep the coin we have in our wallet, or we can spare it in huge trade, since we as a whole know how online world regardless of how great the stock trade can be hacked by Hackers, regardless of whether we introduce programming for safety efforts however programmers can at present hack their framework, at that point it's more secure to have our coins in the equipment wallet than in return.
I think it's best to keep coins on multiple wallets to reduce the risk of losing everything.
Having the wallets encrypted with different passwords would be best if you are storing it on multiple wallets.
I think it's best to keep coins on multiple wallets to reduce the risk of losing everything.
I do not keep valuable amount of tokens in exchange, to avoid losing my tokens in the event of the exchange been hacked. I just only leave the ones am short trading in the exchange.
Exchange? Its not that safe as well to keep coins on the exchange too. Its very much risky to keep your coins on ths exchange because, the exchange can be hacked or suffer DDOS attack. This is why you need to manage a good wallet and keep your coins safe
Coins are not yours if you keep them not in your wallet. Best place for longterm is Hardware wallet, worst - Web wallet.
It is much less probability of the fact that hacker Will aim exactly to you than centralized exchange
It is much less probability of the fact that hacker Will aim exactly to you than centralized exchange
I don't think keeping coins in exchange is not good decision if you are planing to hold coins for long term. I think keeping several wallets is safer than holding on exchanges. And it's more safe is you can use hardware wallet.
Not always. I think that everyone has heard that the exchanges are hacking. Hack, though, and wallets, but I prefer the "cold" storage than to store on the exchange, which will take and change tomorrow the rules for withdrawal. They can change any conditions.
I do not think that it is safe, it would only be safe if you are doing it on a good and a proper exchange (like binance, poloniex, or kucoin) otherwise just keep them on your wallet
Even i, who havent been around for a long time, have already learned that sometimes coins should not be left on a exchange.
You should store your coins offline, because it's hard for hackers to get the coins when the are offline.
You should store your coins offline, because it's hard for hackers to get the coins when the are offline.
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
The best safe place is in your pocket, anything can happen, i prefer lost my coin by my fault instead an exchange mess up with them security and got hacked, or worse exit scam/locked up funds ..
Keep coins in the exchange may safe if you keeping in the reliable exchange and you have enough security for you account. You should enable sms, 2fa, and email protection.
Keeping coins at an exchange platform is really not the best idea because most exchange platforms these days are being hacked and you can lose your funds if you leave your cryptocurrencies for there. It is better to send tokens to your personal wallet.
All main exchanges at the moment are centralized so it is not safe because those exchanges keep your coins on their wallet not your. In the past, a lot of centralized exchanges got hacked, lost many money/coins of customers and damaged their exchanges. Its is better to store all your coin on your own wallet. If you want to trade from your wallet, you can use decentralized exchanges
Jump to: