Coins kept in exchange, are they safe? - page 46.

zap2per

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Quote from: atomicgroup on June 26, 2018, 06:16:14 AM

In my own opinion, I think it is better to keep a very good percent of the coin in the wallet and the rest in exchange because these exchange are also open to hackers and anything can happen and to avoid total loss of fund, it is better to split it into the two places.

I would go a step further and keep coins on few different exchanges. Exchanges can steal you money also.

atomicgroup

full member

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In my own opinion, I think it is better to keep a very good percent of the coin in the wallet and the rest in exchange because these exchange are also open to hackers and anything can happen and to avoid total loss of fund, it is better to split it into the two places.

stephanie9428s

newbie

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well, put your coins in exchanges also not necessarily safe, even in my opinion exchange more hacked by hacker than wallet, like Coinrail exchange which recently been successfully hacked, you better keep your coin in wallet like myetherwallet

DonnieMitchel

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i think it is safe to keep coins in exchange

danherbias07

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Leading Crypto Sports Betting & Casino Platform

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.

Now this is one funny wise decision again. Grin

How many times were you hacked? Do you know why you are hacked? Have you ever try to consider that it was your fault because of being careless?

You are risking it more with exchanges. Anytime they can close down and that is when you say goodbye to all your coins without a fight.
Unlike with wallets you are the one keeping it safe. You will just have to be careful with attacks and websites that you are going at.

DarrinEspacio

newbie

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All Exchanges do not function in the same way. There is a risk from potential hackers from exchanges or the loss of coins from the changes in government regulations. It will be wiser to keep a handsome amount of coins in one’s own wallet, if needed, create multiple wallets for added safety.

MicaleFalcon

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Erhereum is one of the most potential coins available in the market. It gained success in the market in so little time. Sticking with Ethere by depending upon EOS is not a bad idea at all.

sammy2394

newbie

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Well most guru says otherwise. In my own opinion, I think it's better holding in a wallet you have control of, which is offline wallet.. Also, if you are holding for long term, Exchange is a no no, as you might be tempted to sell when you see dip..

zap2per

newbie

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Quote from: kulsuma on June 22, 2018, 01:51:26 AM

It depend on the exchanges actually. If you can choose a good exchange than it is comparatively safer, but there is no assurance to it.

There is no good or bad exchange, even the big ones (like Bithumb two days ago) can get hacked. It's just unsafe to keep your money in one exchange for too long.

choice84

member

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Nope and it will never be secure storage place for your assets. There are too many stories when exchange platforms were hacked and users lose a lot of money. Better to use hardware or software wallets for holding and tell nobody about your digital gold.

cevap

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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.

Your coins can never be safe in any exchange so its much better to put them in hardware wallet and be absolutely save. Of course hardware wallets are not free but they are worth it.

DanyJr

newbie

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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.

axiline

full member

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Most of my coins I keep on cold wallets, because I think this is the safest option. But I keep the coins for daily trading on the bittrex and bitfinex exchange.

rairaimotobike

newbie

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If you are suing a reputed exchange, there is no need to worry. you can split the coin in multiple exchanges to be safe.

poornamelessme

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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.

Sure, that keeps you safe from personal wallet hackers. But then you are at risk from exchange hackers.

Always safer to keep coins on your own wallet, unless you tend to lose passwords or live in a house full of
less than honest people.

It's okay to keep some coins on an exchange if you expect to trade a lot (otherwise you obviously can't trade very often), or to catch dumps, that sort of thing... but even then, I wouldn't suggest keeping most of your coins on an exchange, just some. And only on well known good exchanges.

UIXID

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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.

For long-term storage it is better to take coins from exchanges to their wallets.
Exchanges also sometimes hack, technical malfunctions occur, and the withdrawal of money from the exchange can take a long time.

batang_bitcoin

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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.

Wrong. Hackers are everywhere as long they can access to the web and have you heard about the other day's news about coinrail and bithumb?

What do you say about keeping our coins on exchanges will make our coins minimize the chance of getting hacked? It's prone to a hacker once they wiped out the overall wallet of that exchange where all the traders coins goes then it would be mess.

kulsuma

newbie

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It depend on the exchanges actually. If you can choose a good exchange than it is comparatively safer, but there is no assurance to it.

JaekRock

jr. member

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I think it's been said pretty well here already, but as long as you're careful with your key information and aren't using a sketchy web wallet/app, it's much less likely for an attack in your wallet than it is an exchange. Plus you have the exit scam factor to consider. I mean, I know you're probably a high roller and everything, but if someone's going through the effort, the exchange probably offers them a little better reward than your wallet. If you're legitimately concerned about security, get a good hardware wallet and never look back.

aardvark15

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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’ve said this before, but exchanges can get hacked, can make mistakes that cost you money, can go out of business, or can just take your money. It does happen like it did with Cryptsy and MtGox.

The safest place to keep your coins is on a paper wallet or a hardware wallet because you control the private keys yourself and as long as you secure those, I don’t think they can be hacked.

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