Topic: Coins kept in exchange, are they safe? - page 51. (Read 5722 times)
It's wrong to keep coins in exchange offices. I understand that you store on different exchanges and think that it minimizes your risks. But in fact, you do not take into account the fact that the risk of hacking hackers is not less on the exchange and this is added to the risk of freezing your funds by the management of the exchange.
Exchanges can also be hacked, and I think that because of the larger number of funds on the exchange, so hackers will prefer to attack them, because the personal wallet is not much money, generally will not attract the attention of hackers, in fact, in the wallet or Very safe.
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
This is not the correct statement that the exchanges are subject to hacking attacks no less than the wallets themselves, and keeping money on the exchanges you expose them to additional risks.
its not a good idea. because exchanges do not give you private keys of your coins. so its not owned by you. anyway i have not seen a big hack in a major exchange after 2015. but keeping them in wallets are always best idea
There is a common misunderstanding between a “coin” and the private key to access your coin. Understand the difference and you will understand the potential danger of exchanges.
if you want to keep it for a long time, I think you should save it in the platform wallet or in wallet hardware (eg trezor).
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
It is not recommended to use exchanges to store your cryptocurrency investments unless you are an aggressive trader. Exchanges are prone from hacking and it is the primary target of hackers because they hold huge amount of cryptocurrencies especially big exchanges and there are lots of reported news of an exchange being hacked die to vulnerabilities on their system. And even some exchanges have high level of security i would still choose to secure my coins on my own. It will be safe if you know how to properly secure it.
So far it is safe if you open through the original link exchange, be careful now many pseudo links to steal our coins.
I suggest you star in that exchange link and make your wallet key using mobile verification code.
I suggest you star in that exchange link and make your wallet key using mobile verification code.
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
If you use coins to trade, you can save it on the exchange because it is convenient for exchanging money at different times, if you still keep that coin for a long time nearly 6 months or one year or more longer, it will brings risk for us, for example attacking of hackers. In that case, you can buy hard wallet to save your coins. Now there are many wallets like that.
t will not minimize but maximize. in exchange sites you don't know your own private keys and they can also be hack or owners take your money and run. there are cases which exchange site got hack and many coins got stolen. better buy hardware wallets. if you want to avoid getting hack in this forum there are tips and guides to learn.
There is no way. Most of them are now erc20 tokens. They will soon need to be replaced with real tokens. At that time, they will still need to be replaced by exchanges. Therefore, they are currently placed on exchanges, and they can refer to their purses after replacement and keep them for a long time.
Coins keep in exchange are not safe in my opinion.Because we have seen lot of time so many exchange has been hacked.So don't hold your coin on exchange and try to keep on your own wallet.
If you keep few or some coins which are not worth much in good exchange is good to go unless you are a long term investors who do not going to see it for next few months than you can store in offline mode. But if you are a short term or trader than you would require it on regular basis and you need to have them on exchange only.
Lol what no that is the worst thing you can do. If you can't learn how to protect a wallet from hackers then this may sound harsh but maybe you shouldn't be in crypto. Leaving your assets on an exchange is a 100% no no.
People like this need to be educated briefly about how saving in an exchange is dangerous and must be told the history of mt.Gox and many more. just like as you said, people that have no clue on how to save or secure their wallet shouldn't get into the cryptocurrency world.Just if someone have the will, they could easily secure their wallet, there's so many tutorials in the internet about how to and people who are originally lazy only the one who said that keeping it safe is such a pain.
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
Wallets are more secured than exchanges its only about our usage on how we make it secures,because wallets has the most secured properties than any other sites in cryptoworld.
And if you dont know,exchanges are very vulnerable in hackers ,how many of them becomes a victim just this past year,thats why its not advisable to leave coins in exchanges if we are not going to trade
It might be safe or might be not. Who knows? The safest wallet you can ever choose it is your wallet based on blockchain. That is the best way of keeping assets.
Coins keep in exchange are not safe in my opinion.Because we have seen lot of time so many exchange has been hacked.So don't hold your coin on exchange and try to keep on your own wallet.
I think it's safer to keep the money on the stock market. I keep most of my savings in the stock market.
There are many attacks against wallets. The best choice is to turn to the stock market.
There are many attacks against wallets. The best choice is to turn to the stock market.
Coin kept in the exchanges are safe, but enable 2FA authentication. It will keep your coins safe. Or else you can use hardware ledger like nano s.
Coins kept in exchange are safe, if Your Exchange will provide you all the safety features like 2FA And also you enable your 2FA and all other safety features.If you want to is kept your coins for long term then use hardware wallet because hardware wallet is the best way to protect your coins from hackers.
sr. member
Activity: 602
Merit: 250
—RUSHMOON — Automatic LP & Yield Farm & AMM on BSC
Keeping coin in exchange have 90% safe rate, the only risk is you lost access to yours account on that exchange. Lost password, lost 2FA, hack ... are all yours mistake and you might have lost yours balance.
Jump to: