Coins kept in exchange, are they safe? - page 26.

b1marlin

jr. member

Activity: 179

Merit: 1

Quote from: olacubic32 on June 15, 2018, 09:21:06 PM

I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.

keeping your coins for a long time in exchange is not advisable.
it is better to hide it in your wallet. keep it safe there.
exchange is a storage we can use for a short period of time or we are willing to sell it anytime.

Phunke

newbie

Activity: 54

Merit: 0

Actually your accounts are only vulnerable to get compromised on exchanges if you do not use the proper security measures, like email,phone number and 2fa verifications, stay away from exchanges that do not have any of these security measures 2fa and google authenticators are more secured always use them and you should be fine.

boltz

legendary

Activity: 3304

Merit: 1202

Not really as we all know what happened with mtgox, cryptsy and others so I would advice everyone to keep their coins on personal wallets or nano ledger. Only keep your coins into exchages when you want to trade or simply just sell your token and cashout bitcoin after.

Lovecrafter

newbie

Activity: 89

Merit: 0

It seems to me to store crypto currency on the exchange it is much more dangerous. For the last half of the year we have seen a lot of information about the sneak of exchanges, it's very nasty

PashVit

newbie

Activity: 125

Merit: 0

Quote from: JDS1000 on August 16, 2018, 01:51:50 PM

I keep all my coins on Trazor wallet . I think it's safer than keeping them on the exchange, because some exchanges are unsafe .

In my opinion all the exchangers and the stock exchange is unsafe. Because the crowd has always been the target of scammers, it is best to keep your funds in private cells.

Jolyp

newbie

Activity: 32

Merit: 0

coins kept in exchange are not safer because exchange has chances to get hacked and stopped for any reason. most popular exchange Binance has been hacked and people lose their coins because they kept their coins in binance.If your assets are little then you can keep them in exchange but if you want to keep lots of assets then use wallet. one more thing when you stored you coin in wallet don't share your private key . If someone get your private key then he can withdraw your coins. Pc wallets are better than web wallet.

EHT7500

member

Activity: 350

Merit: 15

I keep more money on exchanges than on MyEtherWallet wallets.
The hackers have already opened my Wallet, but there is no exchange. MyEtherWallet I have less confidence.

Muhammad Muneeb

full member

Activity: 644

Merit: 101

📱 CARTESI 📱 INFRASTRUCTURE FOR DAP

Quote from: olacubic32 on June 15, 2018, 09:21:06 PM

I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.

absolutely not transfer them to the wallet asap. one of my friend's account got hacked with 900$ of btcs.. exchanges can be hacked but not the wallets on the blockchain.

JDS1000

sr. member

Activity: 414

Merit: 250

I keep all my coins on Trazor wallet . I think it's safer than keeping them on the exchange, because some exchanges are unsafe .

CryptoSkBoss

newbie

Activity: 50

Merit: 0

No, in my opinion if I don't trade any coin then I store that in cold wallet like trezor because if any exchange hack then you may loose your coins. So it's better if you don't trade then store that in cold wallet.

Naweedhamid

newbie

Activity: 68

Merit: 0

No. It is a very bad thing. Personally, I have loss my many coins store my tokens in exchanges. Exchanges can be hacking, so be careful. If you need to store your tokens, so don't store your tokens in exchanges, please using an only online wallet or hardware wallet. But I recommend for you using the Hardware wallet because the online wallet is very risky, So the best thing is the hardware wallet. Whatever exchange are using for fats trading or doing the fast transaction, Don't use it to store your tokens.

firaituaku

full member

Activity: 364

Merit: 100

I think it's a bad idea to save your money on the exchange, because the exchange also has a big risk of hacking. I suggest you use a hardware wallet to make your money safer.

DemonHunter83

newbie

Activity: 238

Merit: 0

Quote from: ribolovandrey on August 16, 2018, 02:51:03 AM

Exchanges will be hacked far more often than crypting wallets. I think the tokens you leave on the stock exchange are in great danger.

Agreed. It is not necessary to keep all your money on the stock exchanges. Because it's a mass gathering, which is what burglars want. Even despite the difference in security, fraudsters wallets are absolutely not needed, they attack masse.

LARSBAK

newbie

Activity: 78

Merit: 0

Quote from: olacubic32 on June 15, 2018, 09:21:06 PM

I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.

I don't know, because I've never tried it, I always keep coins and tokens in my wallet and never save them in exchange. but it looks like it will be a little dangerous if you save it in exchange, because exchange is not a place to store coins.

crimsongoth

member

Activity: 588

Merit: 18

I don't think neither exchanges nor wallets are safe enough for the moment. Of course the safest place is the use of paper wallet. But doing this limits the investment options to incredible low levels. I think the most sensible thing for now is to protect your cryptcurrencies in many different exchanges or in many wallets.

Accts4u2

member

Activity: 350

Merit: 11

Quote from: olacubic32 on June 15, 2018, 09:21:06 PM

I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.

Actually keeping your coins in exchanges increases your chance of losing your coins to hackers. Most of the times, hackers just target exchanges because they know that is where the most amount of coins are. The only time that you should have your coins on exchanges is when the coins are being trade, if they are not in use then you should move them and store them safely in your wallets.

Whisper555

jr. member

Activity: 168

Merit: 1

W12 – Blockchain protocol

I believe that you can not keep coins on the exchange, unless, of course, you are afraid of losing them. There were many cases when hackers broke open exchanges and stole coins. Attacks on exchanges continue. The best and safest way to store your cryptocurrency is cold storage and paper wallets.

heni_april

member

Activity: 179

Merit: 10

If you do trade or open the Exchange every day no problem you save your crypto assets there. but for more good news I suppose save your coin in assets your personal wallet. and most importantly you must maintain access to your assets remains secure.

tomboi

sr. member

Activity: 728

Merit: 250

Stay careful wherever you store your assets. The hacker is very clever and cunning, once you are careless, you can lose everything you have. Be careful in every activity in your online, so as not to get stuck in malware tricks from hackers.

JanVanHellsing

member

Activity: 107

Merit: 10

Decentralised Wearable Devices

Quote from: Btc_1856 on August 15, 2018, 11:12:31 PM

Exchanges are meant for trading the coins, it is not for storing the coins. I hope if you show interest towards trading then you can move your fund from wallets to exchanges. If you don't have any experience better move them to your wallets only. For everything, there is risk involved in it.

If someone has a cold storage and rarely trades I see the point not exposing your token to unneccessary risks. But if someone has no cold storage just private keys and trades often it can make sense to leve a fraction of your token on exchanges, especially if they are secure ones. Cobinhood has 97% in cold storage. If you trade a lot and have to transfer your tokens constantly to the exchange and back to your wallet, don‘t you think there is some vulnerability too? Someone could spoof your key, you could make a mistake and send an token to the wrong wallet (Erc-20 token to Bitcoin Wallet). I think a lot depends on your personal preferences and your skills.

Ideally everyone had a cold storage at home of course but most do not from what I hear so far.

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