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Topic: Coins kept in exchange, are they safe? - page 36. (Read 5685 times)

hero member
Activity: 1065
Merit: 510
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
You are having the feeling on wrong way because it is totally an opposite thing where you do keep your tokens on an exchange. Havent you seen the recent or past situations of exchange hacks? If you are then you can able to identify yourself about your current situation if its still safe to put up or store coins in there. Even just using your own wallet and do only have your own access you can still have the risk on getting hacked depending on how safe you do keep up your keys.
newbie
Activity: 95
Merit: 0
In my opinion, the main thing is just not to keep all coins in only one place. Even MEW can be hacked and there is a possibility to lose everything.
sr. member
Activity: 1092
Merit: 255
no secure guarantees, exchanges like mt gox and btc-e ever hacked.
never store your old coins in the exchanger, save your coins into an offline wallet to secure it
newbie
Activity: 126
Merit: 0
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.

That might happen depends on the rules of the government but other else depends on the value of the coins. Though it is not a reason to drop out the exchanged because their is a way to go through. After exchange put it in your wallt so that you will be able to use in neccessary way.
newbie
Activity: 103
Merit: 0
It is still a risky thing to do.  As a matter of fact, I think everything in this market is quite risky. Being a part of crypto itself is risky. Well, life itself is risky, so? Grin
The exchanges could also get hacked, anything can happen. It's no safer than keeping the coins in the wallet, in my own opinion.
sr. member
Activity: 1176
Merit: 250
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I do not recommend to always keep an asset on exchange because it could be one of the causes of hacker attacks that could steal our assets. it's better to keep the assets in the wallet offline and be safer from all things detrimental.
newbie
Activity: 38
Merit: 0
For a wallet programmer (wallet phishing), yes, you possibly protected. Be that as it may, if DDoS assault happened and a site cut down, a few or possibly the greater part of the benefits inside that specific trade will most likely be gone. Equipment wallet is ideal, for me, and just best wallet to hold your advantage.
newbie
Activity: 98
Merit: 0
yes they are very secure, but not on all exchange sites, large exchange sites are usually very secure, hackers are not easy to penetrate...these are some big exchange sites that are very hard on hackers attack = HitBtc, Kraken, Poloneix, Binance and Bittrex, this site is all I highly recommend.

But that's the whole point it's not easy for hackers to hack them but that's always a possibility. No exchange is safe.
hero member
Activity: 2604
Merit: 816
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I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
If you want to be safe your coins don't put in any exchanges if your not ready to trade it much better to put in your hard wallet that have private key so your coin is really safe. Some exchanges is attacking of hackers even the big exchange got hack too so is not all safe.

yes, it is always better if we can save it in hardware wallet so we can watch directly our coins, manage the coins and do whatever we want and we can secure our coins from the attackers. maybe if we want to sell our coins with instant selling, we can send it to the exchanges and after the coin is sold, we need to send back the profit to the hardware wallet so we don't have to worry about anything.
newbie
Activity: 93
Merit: 0
yes they are very secure, but not on all exchange sites, large exchange sites are usually very secure, hackers are not easy to penetrate...these are some big exchange sites that are very hard on hackers attack = HitBtc, Kraken, Poloneix, Binance and Bittrex, this site is all I highly recommend.
Kucoin is not in the list, what do you think of them? I would suggest to spread your portfolio to more than one centralized exchanges if you are comfortable with them.
jr. member
Activity: 196
Merit: 1
I think it relies upon the exchange where they store it, on the off chance that I save money on the exchange that requires google authenticator and I think if so the tokens or coins that we guard on the exchange will be.
full member
Activity: 1414
Merit: 228
Omicron is another FUD
yes they are very secure, but not on all exchange sites, large exchange sites are usually very secure, hackers are not easy to penetrate...these are some big exchange sites that are very hard on hackers attack = HitBtc, Kraken, Poloneix, Binance and Bittrex, this site is all I highly recommend.
full member
Activity: 476
Merit: 100
Exchange can be hacked. And the wallet can also be hacked. But according to my research, more wallets are more vulnerable than Exchange. Because I see almost every day there is a case of the stolen coin from the wallet. And hopefully, there is a new anti-hacker technology for the crypto wallet.
jr. member
Activity: 229
Merit: 1
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I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
If you want to be safe your coins don't put in any exchanges if your not ready to trade it much better to put in your hard wallet that have private key so your coin is really safe. Some exchanges is attacking of hackers even the big exchange got hack too so is not all safe.
full member
Activity: 686
Merit: 100
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.


Nah! with the recent scenario of hacking with different exchanges it's never wise to keep your funds in exchanges due to the fact you don't have any control to it when something unexpected happen, so its better to put your funds where you have the control using priv keys/ cold wallet / offline wallet.
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hero member
Activity: 2856
Merit: 674
There is no safety assurance of letting our coins kept on any exchanger. Hacking scenarios in some exchanges will cause also of losing our stored coins in their sites. Basically, there is no way to think that we are totally safe in crypto, it sometimes we've been hack due to our own negligence especially visiting unsecured sites tend to hack our private keys. It is better to check it before doing anything as their concerned is our private keys.
jr. member
Activity: 378
Merit: 3
keeping coins in exchange is not safe we should keep coins only in hardware wallet for long-term exchange we cant completely trust the exchanges why because they have hack threat
full member
Activity: 462
Merit: 100
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
It is not safe to exchange your coin. In my opinion, you want to keep your coin safe, the best way is to trade at least two exchanges or keep in different wallets.
full member
Activity: 588
Merit: 101
Crypto store in exchange is not as secure as you think. Existing exchange floors have many hackers attacking. If you trade cryptos daily, you can still store cryptos on exchange floors but need to improve your account security. Setting a 2-step password through Google Authenticator or signing in with SMS is essential.
You are right, it is very dangerous because the exchange is prone to hack. Your assets will be threatened. In my suggestion do not use wallet exchange if you want to store a lot of assets
member
Activity: 476
Merit: 10
I don't think  they are, exchange platforms are one of the. Most valuable places to store coins, haven't we. Heard of their safety issues with hackers successfully targeting them. Id rather you invest in. Hardware wallets there was iii
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