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Topic: Coins kept in exchange, are they safe? - page 6. (Read 5718 times)

hero member
Activity: 882
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
September 28, 2018, 05:42:04 PM
I do not keep my tokens on the stock exchange, and I do not advise you. I transfer to the stock exchange only when I need to sell or buy something.
What stock exchange are you putting your coins on? That sounds like a scam for new coin deposits.
jr. member
Activity: 246
Merit: 3
September 28, 2018, 05:35:54 PM
Coins kept in the exchange are safe but where the problem lies is when the coins are trading listed and mooning in another exchange, it will be difficult or costly to send the coins there.
copper member
Activity: 253
Merit: 2
September 28, 2018, 05:28:41 PM
Absolutely not , keeping your coin on exchanges are the most unsafe way according to me. Exchanges are favourite for hackers. Its better to use a online wallet if we cant afford a hardware wallet but not on exchanges.
member
Activity: 276
Merit: 10
BitSong is decentralized music streaming platform.
September 28, 2018, 05:24:55 PM
It all depends on what kind of wallets the exchange will store your coins and what kind of exchange is decentralized or centralized.
sr. member
Activity: 714
Merit: 250
September 28, 2018, 01:58:25 PM
I believe that the safest place to store your scriptactive is a hardware or a cold wallet . But if you're trading, then this storage method is not convenient . Any cryptogenic vulnerable to be hacked. So I follow the rules - don't keep all your eggs in one basket - ie keep their bitcoin on multiple crypto exchanges.
member
Activity: 378
Merit: 10
September 28, 2018, 01:44:15 PM
There are tons of fake exchanges. Even trusted exchanges started to fool users, so you should not trust none of them. It would be better for you to find another way to keep your tokens safe.
full member
Activity: 954
Merit: 104
ludenaprotocol.io
September 28, 2018, 01:09:14 PM
In crypto there is a rule, when you do not own a private key you do not own cryptocurrencies. So, coins which are stored on centralized exchanges are not yours and can be easily stolen Wink.
member
Activity: 243
Merit: 10
September 28, 2018, 01:07:17 PM
do not kepping your coins on the exchange because they have a big risk. Exchange can be hacked at any time, save your coin in a wallet or hardwallet.
sr. member
Activity: 594
Merit: 250
September 28, 2018, 11:49:25 AM
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.

Yes it is safe, as long as you set it in 2FA authentication, or apply it on the kyc too. But choose only exchange that are listed in the top 20 exchange in the market which has a high volume of bitcoin everyday like Binance, Houbi, Okex, Bitfinex, kucoin, hitbtc, Coinbene, Bittrex, and more.
copper member
Activity: 266
Merit: 0
September 28, 2018, 05:06:13 AM
I would never leave my coins on an exchange. The risk that other people can dispose of my coins is just too big for me. I also do not want to lose my coins by hacking the exchange.
full member
Activity: 822
Merit: 100
September 27, 2018, 11:14:07 AM
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
It is not safe, being in control of your asset is best, it is possible for an exchange got hacked by hackers also.
full member
Activity: 293
Merit: 100
September 27, 2018, 11:13:29 AM
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
I agree with you because In my experience we should keep our money at our personal purse myetherwallet is safe. Even if you put a lot of money on exchanges when you crash or get hacked, it's very dangerous. So i do not think there should be two layers of protection.
sr. member
Activity: 546
Merit: 250
September 27, 2018, 11:08:21 AM
I think it's not very safe. If you do not use these coins for trading, then you must store them in a more secure place. I think the safest repository is a hardware wallet.
sr. member
Activity: 714
Merit: 251
September 27, 2018, 11:07:55 AM
I do not keep my tokens on the stock exchange, and I do not advise you. I transfer to the stock exchange only when I need to sell or buy something.
member
Activity: 428
Merit: 12
September 27, 2018, 11:06:05 AM
you can store your coins anywhere and all the early you will be safe because if hackers want to steal your money then they will find a way how to do it. You can distribute your coins to different wallets and exchanges or store coins on a cold wallet
copper member
Activity: 70
Merit: 0
September 27, 2018, 11:05:18 AM
No they are not, there is 90% of loosing them. With the rate of increasing hack on exchanges, you shouldn't be thinking of leaving your assets on an exchange
member
Activity: 131
Merit: 10
Justice as a Service Infrastructure
September 27, 2018, 11:04:14 AM
I try to store all the coins on a purse. Because I do not trust exchanges. There were cases of breaking by swindlers, in that case you will not be able to return yourself the coins if to steal them.
newbie
Activity: 34
Merit: 0
September 27, 2018, 11:00:57 AM
No, it is not safe. You can lost your coin at any time because there are so many hacker, they will hack your exchange
full member
Activity: 1218
Merit: 112
September 27, 2018, 10:59:28 AM
There are some exchanges such as Binance which is i believe quite safe to keep your coins, but it wouldn't be a good idea to keep them for a long time, if you are not doing trading regularly. It is recommended withdraw them in your wallet.
jr. member
Activity: 168
Merit: 2
September 27, 2018, 10:52:27 AM
Every coin storage method is risky. So you can split the archive to reduce the risk of hacking the wallet to the lowest possible level.
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