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Topic: Coins kept in exchange, are they safe? - page 44. (Read 5685 times)

member
Activity: 700
Merit: 12
as for me it very dangerous, once I lose my coins because exchange closed, but it was scam.. maybe normal exchanges more safe
full member
Activity: 504
Merit: 100
The Standard Protocol - Solving Inflation
Your guess is as good as mine, exchanges offer little to no protection to traders in case of security breach or emergency! If you are not actively trading, there is no point keeping your coin on any exchange!
newbie
Activity: 70
Merit: 0
if in my opinion saving coins in exchange is too risky for now, but because we know that this is a hacker's general target, it's okay if this coin is for short-term storage but for the long term, and it would be better to keep it on a hard wallet, like the Nano booklet, I think of it as safe storage.
member
Activity: 280
Merit: 10
Araw ICO
If you store coins on the exchange then you can lose them at any time, because the exchange can cease to exist
full member
Activity: 192
Merit: 100
they are safe in most cases, unless they are hacked, and I mean in large exchanges like Binance and bithumb, never put money on small exchanges for a long time
newbie
Activity: 55
Merit: 0
I would not store my coins on online resources, especially if they cost more than $ 1000. They are often hacked. Better use hardware wallets.
Agreed. Especially when you have a very large capital, is not it that you will be sorry to allocate a percentage of hardware storage? In business, this is called costs.
newbie
Activity: 154
Merit: 0
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.

In my opinion,  it depends on what will you do to your coins. If your coins will be use in day to day profit or swing trading, you have to keep in the exchange site to trade easily. But if your coins is for long term investment and hold for a while, it is good to keep the coin in your personal wallet that  you have own control with the private key.

full member
Activity: 364
Merit: 110
SPOKKZ
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
I think you need to keep your coins in several purses so as not to lose them. I would advise you to use your hardware wallets, it's safe. I do not advise you to keep coins online.
sr. member
Activity: 568
Merit: 250
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
Keeping our coins in exchange is very dangerous because hackers are now intensifying their ability to hack, as the current incident of hacking hit binance and other big exchange company, even though they had install software for security measures but hackers still manage to hack their system, furthermore it is safer to have your coins in hardware wallet rather than in exchange.
full member
Activity: 644
Merit: 101
Many people keep their savings on stock exchanges, but I'm not a supporter of such cases, I think that storing tokens and coins must necessarily be stored on separate purses. I think it will be much safer than storing on stock exchanges.
hero member
Activity: 1666
Merit: 565
I think Binance and coinbase are an exception, otherwise don't keep it on the exchange.

can i ask why you think that Binance and coinbase are safer than other exchanges? do you have some information about that?
sr. member
Activity: 1056
Merit: 251
I prefer to keep coins in my wallet, or on a large exchange. But no matter how good the exchange may be, it can be hacked.
newbie
Activity: 140
Merit: 0
Dear all,
"Coins kept in exchange, are they safe?" Oh, that is very interesting question. And it is difficult to say it is safe or not. The trust of exchange is the key factor to beleive it. The trust is built in a long time. We can beleive it.
full member
Activity: 420
Merit: 100
Qravity is a decentralized content production
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
They are not that safe as there's a lot of cases of exchanges got hacked and lost lots of money so it's certainly not recommended to store your money there. If you want more security then you should consider buying a hardware wallet whether it is ledger nano or trezor as they can prevent your coin from getting stolen.
sr. member
Activity: 719
Merit: 250
My friends told me from the beginning that i should not store coins on a exchange.
They said that a exchange can be hacked or suddenly disappear with my coins.
Therefore, i can not advise anyone to store coins on a exchange.
Not good to store your coins in an exchange for long, day trader is good to do but not safe to kept. This is absolutely correct exchange can be hacked as many users getting scam in the exchange.
copper member
Activity: 266
Merit: 0
My friends told me from the beginning that i should not store coins on a exchange.
They said that a exchange can be hacked or suddenly disappear with my coins.
Therefore, i can not advise anyone to store coins on a exchange.
member
Activity: 216
Merit: 11
I would not store my coins on online resources, especially if they cost more than $ 1000. They are often hacked. Better use hardware wallets.
member
Activity: 308
Merit: 49
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
I think there is no guarantee your coins are safe on the exchanges, and there are several cases of theft in exchanges, such as bithumb exchange that occur several weeks. so I hope you have to be careful
member
Activity: 194
Merit: 11
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.

Just do it if you want lose all your coin. You know BTC-e and Mt.Gox Huh Exchange is not safe for hodl your coin, only trade not hodl. I prefer use cold wallet: Ledger, Trezor or you can use offline wallet.
full member
Activity: 560
Merit: 108
Hmm, that though not entirely correct because the exchange can be hacked too just like our website wallet. I have once delivery many coins into an exchange but they turn into scammer, and now I lost all my coins there Sad. So, it's very important to choose the legit exchange that great in their security and also not become a scammer.
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