Pages:
Author

Topic: Coins kept in exchange, are they safe? - page 42. (Read 5685 times)

full member
Activity: 378
Merit: 100
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
It's even more riskier if you just put your coins in exchange wallets. Do you know that there are major exchange sites that have been hacked? Your coins are not 100% secure on exchange wallets. If I do, keep your coins in a cold wallets.
member
Activity: 336
Merit: 10
It's really risky if you're storing all your cryptocurrencies on crypto exchange Smiley. No matter if it's the best crypto exchange like Binance or bitfinex, it also can be a victim of hacker Smiley. Don't ever think that keep your cryptocurrency on exchange will be better than on your own wallet. I think you should read news about cryptocurrency and then you can easily find out so many news about exchange hacked Smiley
newbie
Activity: 98
Merit: 0
I have heard a different opinion saying that keeping your coins on the exchange wallet is more dangerous than keeping it let's say in myetherwallet or something other. The most secure way is to buy a ledger Nano.

Or use good old paper wallets.
hero member
Activity: 741
Merit: 500
 I have heard a different opinion saying that keeping your coins on the exchange wallet is more dangerous than keeping it let's say in myetherwallet or something other. The most secure way is to buy a ledger Nano.
jr. member
Activity: 164
Merit: 1
bitcoin is great
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
It is a dangerous thing to do given the increasing incidents of hacks on major exchanges.There are wallets you can use for multiple coins and you control the private keys.
copper member
Activity: 336
Merit: 1
Its not even advisable to keep coins in exchanges if you want to hold the coin for long term.
This is because any form of hack on the exchange may mean the end of your coins.
newbie
Activity: 112
Merit: 0
I don’t think so because there is bad record of this because before many wallets has been hacked by hackers so you should be secure your account and aware of this based on this you should know how to secure your coins then you can get proper answer and solutions.
newbie
Activity: 210
Merit: 0
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
I think that keeping coins on a crypto-exchange is no less dangerous than on a purse. The advantage of exchanges is the presence of two-factor authentication.
member
Activity: 420
Merit: 15
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
Why not, for example I like the qryptos exchange, everything is stored on cold wallets and there is a very high level of security, some of the money I keep there.
full member
Activity: 518
Merit: 100
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
Storage of coins at the exchange is not the best way.
If coins to store a long time that I didn't advise to store them at the exchange. If you want to sell coins through a small amount of time that to store at the exchange too normally for convenience. But in general I would recommend to use hardware purses: Ledger or Trezor.
full member
Activity: 431
Merit: 100
Don't save your assets on exchange, because it's very vulnerable to theft.
If you want to keep your assets in the long term. it's better to use a hardware wallet, because it's safer than exchange.
newbie
Activity: 98
Merit: 0
A year ago, after the collapse of Mt.Gox and BTC-e a majority of the holders of the cryptocurrency was afraid to keep their coins on the exchanges. Now the situation is changing and newbies think that it is safe. But I recommend diversifying your risks and keep some of the coins on the exchange and some on the wallet.

That's exactly what I think. People tend to forget or just don't do the research and believe that exchanges are safe for storing money but in real life things are very different. You have no guarantees that that exchange will even exist tomorrow and you won't be able to get your money back. Diversification is the key. Use few exchanges and store as few coins as possible on exchanges if you're not trading.
full member
Activity: 420
Merit: 100
There are some traders are being afraid to stock their funds in their exchange accounts for there are so many pishing exchanges sites that being created by hackers. But on my own opinion, it is safe and secure to stock your funds in crypto exchange/s if those exchanges is requiring 2FA code, email confirmation, or even a personal informations every time it is going to have a deposit or withdrawal requests. In this way. hackers can't request transaction if they didn't know the confirmation code.
sr. member
Activity: 742
Merit: 250
SURVIVE | P2E
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.

Its true that our holdings and tokens are not safe nowadays because of some hacker.
What I do now is to move all my tokens to some exchanges that has kyc. It surely safe since exchanges have a good security.
full member
Activity: 420
Merit: 100
Actually I think it is depends if the coins kept in exchange are safe
because if it is trusted or trustworthy to the public then it is safe and if not it is obvious that is not safe to be trust.
full member
Activity: 392
Merit: 101
Generally the exchanges are safe and I never had any issues with my coins on exchanges. However you have to make sure every week that exchange is still planning to keep the coins and it is not delisting your coin. 
sr. member
Activity: 805
Merit: 250
A year ago, after the collapse of Mt.Gox and BTC-e a majority of the holders of the cryptocurrency was afraid to keep their coins on the exchanges. Now the situation is changing and newbies think that it is safe. But I recommend diversifying your risks and keep some of the coins on the exchange and some on the wallet.
newbie
Activity: 122
Merit: 0
If I think all exchanges do not work the same way, but they often redeem or change the rules, all of these have a high risk of potential hackers from exchange or loss of coins from changes in government regulations, but it's wise to keep some coins in your own wallet to be assured of the hacker, if necessary one day we can take back, but we have to make some wallets for extra security to keep our coin-coin.
full member
Activity: 479
Merit: 105
I would not leave coins or tokens on a exchange for longer than necessary!
As a result, many people have already lost their money through a hack or scam exchange.
It is not safe to leave a coins on exchanges that is not secure because you might got scammed on it and lost your earnings. But for me, when less amount, I able to trust the exchange that I am using and used a security for it like authenticator which I believe it is safe because no one can open exchange without it.
newbie
Activity: 80
Merit: 0
There are still a lot of exchange coins stolen, which is inevitable, and hackers will always catch your loopholes. What we can do is to save our private key and computer security as much as possible.
Pages:
Jump to: