Topic: Coins kept in exchange, are they safe? - page 34. (Read 5718 times)
Keeping coins at the trade is one of the grave slip-ups of informal investors. The ongoing binance hacking lead to one financial specialist who kept 1.5k dollars worth of coins in his wallet got stolen. A few people recommended that he submit assert structures to bianace yet as to on the off chance that he will get a discount is another point.
Keeping all of your assets in an exchange is quite a risky approach. Exchanges may run or shutdown anytime, looting all your valuable assets worth thousands. It is better to keep coins in e-wallets or hard wallets which are protected by a public and a private key thus saving all your assets from getting stolen. Keep some amount of coins in exchange if you are an active trader.
Nothing is safe anywhere. Hack can happen anytime. Some exchanges have been hacked earlier. But whats good here is mostly all of them provide users compensation for their losses.
I have never fully believed in exchanges! I always withdraw on personal purse after exchange!
I'm always relieved when I was holding the money!
I'm always relieved when I was holding the money!
On the off chance that you plan to hold that coin for long haul venture for the better keep that coin in individual wallet that you have possess control with the private key. However, in the event that you reason to influence benefit from day or swing exchanging, no other decision you to need to keep all coins in return, and to limit the hazard utilize in excess of 2 distinctive trade, and turn on all security highlights.
Not every exchange can be considered safe for the storage of its coins, but I think it's possible to trust the top ones. Now other times and exchanges a lot, they are all fighting for the client and they will earn more on the exchange than if they disappeared tomorrow. I use binance and this exchange I like very much for security.
keeping coins in exchange is very risky, it is very easy to loose your coins in exchange to the hackers because we have many exchange being hacked thereby loosing many coins present on exchange account. I think keeping your coins in a wallet exchange is still safer because of the end-to-end encryption and you can use them for peer-to-peer transaction
I mostly try to withdraw coins as quickly as possible because they are not properly protected on stock exchanges.
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
Not a good idea because exchange are the majority target of hackers. You should Google it and once you find out that there are many exchange that has been hacked including Binance,I think you will change your mind.
The exchange is a place to buy coins or sell coins, but how not to store your coins there! Install the wallet on the computer and transfer your coins there. then copy the private key and wallet file to a safe place, and remove the wallet from the computer.
This is the most reliable way to save your savings !!!
Just be careful not to lose the private key and backup the wallet file!
This is the most reliable way to save your savings !!!
Just be careful not to lose the private key and backup the wallet file!
For me i don't want to kept my coins in an exchange. Because for me its not safe to put the coin in an exchange for a long time. Some exchange are prone to hacking.
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
I’d rather chose to keep all my coin in my own ewallet than putting it in an exchnage. I don’t know, i feel more safer in that way and besides it depends on how careful we are with our valuable stuff. I’ve been using only one wallet from the moment i started here and so far it all went well. So i don’t think there is a risk of loosing my cryptos in my own wallet. 
Safety:
Cold wallet > Hot wallet > Exchange
Above all those you mentioned are not secure enough, if you want the most secure wallet out there just use offline wallet, rest assured no one will ever have the ability to steal from computer thats not connected to the internet unlessCold wallet > Hot wallet > Exchange
theres someone who rob you directly, otherwise, accessing offline wallet is impossible.
Actually wherever we keep our coins will be safe if we have implemented security procedures well. Even though we store in the wallet it will be safe if we apply complete security. In my opinion, saving in exchange is safer if we use the coin for fast movements, for example for trading. But if we just keep our coins to hold so it is better to keep it in the wallet. Maybe that is a bit of my view about coin storage.
To tell you the trust, I have no ideal for this problem. However I think we should look for informatin about exchanger you want kept. I saw my friend don't like kept coin in exchange. They said me I should use Metatask
I think it's better not to keep coins or tokens for a long time at the exchange because it is not reliable. Although much depends on the specific exchange that you use.
if you take care of all your accounts, I don't think that will be a problem, don't click the link carelessly and check your network carefully
This is not recommended and really bad idea, because you can lose your money anytime (even it's not because of hackers). An exchanger can losing your money whenever they want, they are even more dangerous than hackers. You better keep it yourself, use a complicated password if you use web wallet or you can use hardware wallet for more security. You can not predict where hackers come from.
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
it is certainly safe if you install the security even more for the exchange you use. this is important if you are a trader, but if for long-term holding you should put it in the hardware wallet.
They are not that safe if you leave them on exchange, there's several cases of exchange being hacked and exchange suspending people accounts without notice before, although the chance is low but you should not leave your coin there especially if the amount is large. Keep your crypto on wallet where you own the private key, learn how to be careful and things to avoid because that way you can survive for a long time in crypto.
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