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Topic: Coins kept in exchange, are they safe? - page 9. (Read 5718 times)

copper member
Activity: 798
Merit: 250
September 25, 2018, 05:27:06 PM
You know ive heard so many stories about coins being stolen from exchanges, but could be not true for all exchanges. Still the best way to avoid theft is as much as you can, store it in your own wallet.
Thankfully, it's rarely to hear about that in this year. See that exchanges place is so many right now, so there must be a few of them that have low security levels. Besides that, user also make mistake because she does not store their personal data such as passwords properly. So I think everything is not due to the fault of the exchanges, user error also need to attention.
full member
Activity: 336
Merit: 100
September 25, 2018, 04:39:11 PM
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.

I think both exchanges and online wallets have risks. But I think exchanges are a little bit better than the wallets. Apart from these, I think hardware wallets are the best choices.
full member
Activity: 616
Merit: 100
September 25, 2018, 03:26:29 PM
If it seems to you that it is normal and safe to store your money in the purse of someone you do not know, then it is safe to store crypto tokens on the exchange.
member
Activity: 921
Merit: 10
September 25, 2018, 03:25:00 PM
It all depends on what exchanges you keep your coins, but still exchanges are often hacked, so it is best to store in your wallet, although they are also quite often hacked.
member
Activity: 742
Merit: 11
September 25, 2018, 03:13:00 PM
Nope, and never it will be safe, this month I am receiving message from cryptopia and liqui that they are going to delist an alts in their platform. What if your not attentive to read your email, then you will lose your alts if you don't withdraw on or before the deadline date.
full member
Activity: 322
Merit: 100
https://www.soar.earth/
September 25, 2018, 02:48:52 PM
Many people say that keeping coins on the exchange is very dangerous. After all, the exchange can be hacked any moment. So you can lose all your capital.
jr. member
Activity: 336
Merit: 1
A nexgen decentralized ride hailing
September 25, 2018, 02:48:04 PM
Now I feel safer to keep money on the stock exchange such as binance, than for example on mew when very often you can burn your data by phishing
member
Activity: 378
Merit: 17
September 25, 2018, 02:45:51 PM
but in my opinion it would be safer if stored in a wallet, it's just that you have to choose a trusted wallet for security, but actually it also doesn't hurt to also save on the exchange, but maybe it's not in the long term, if you want to save coins in the long term it should be in wallet
I think both options are good. Both wallets and exchanges can be hacked, but I agree that for w along-term holding, the wallet is better. I would choose several wallets.
member
Activity: 308
Merit: 10
September 25, 2018, 11:14:17 AM
I think yes, because we will not lose our private key, but my advice is better we choose the right exchange to store the coins we have.
Hackers can attack exchange anytime. So even if we don't lose our private key, our money still not be safe. Another thing, when you put you coins into exchange, that mean you have transferred your coin to other people
full member
Activity: 364
Merit: 100
September 25, 2018, 10:47:01 AM
if stored in the wallet most likely very safe, but if stored in the market most likely to be able to hackers. this is what I have experienced especially in coins that have a high exchange rate.
I think the safest way for now is to store in several wallets and several exchanges, to not have eggs in one basket, if you can't control this basket 100%.
member
Activity: 378
Merit: 10
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
September 25, 2018, 08:34:43 AM
Exchanges are probably safer than wallets, especially if you put two-factor authentication. Of course, from those that have long and stable work and have a reputation and a good volume of daily operations.
But the safest is a hardware wallet)
full member
Activity: 235
Merit: 100
September 25, 2018, 08:19:45 AM
You know ive heard so many stories about coins being stolen from exchanges, but could be not true for all exchanges. Still the best way to avoid theft is as much as you can, store it in your own wallet.
full member
Activity: 490
Merit: 100
September 25, 2018, 08:16:52 AM
No, definitely not, because the crypto exchange, it's certainly wonderful, but you must not forget that you are transferring your funds to the hands of people who promise to change your tokens to something else it already depends on your desire.
member
Activity: 254
Merit: 10
September 25, 2018, 08:14:11 AM
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
As there are wallet hackers, there are exchange hackers. Nothing is secure. Exchanges may get hacked. You should still keep your coins in our wallet, or wallets. Have many wallets, and many exchanges. This can reduce the risk.
jr. member
Activity: 188
Merit: 1
Adoption Blockchain e-Commerce to World
September 24, 2018, 11:51:53 PM
but in my opinion it would be safer if stored in a wallet, it's just that you have to choose a trusted wallet for security, but actually it also doesn't hurt to also save on the exchange, but maybe it's not in the long term, if you want to save coins in the long term it should be in wallet
member
Activity: 406
Merit: 10
September 24, 2018, 09:47:27 PM
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.

No, it still not safe because you don't own the key of your wallet address.
Just use the exchange for trading only, not for holding your coins for long term.
Hackers can get the exchange wallet too, there were few exchanges have been hacked.
jr. member
Activity: 420
Merit: 3
September 24, 2018, 06:47:09 PM
Exchanges are not really created for the purpose of keeping coins. Although, if you decide to keep your coin on exchange, you must ensure that you have put in place all the necessary security measures that are needed, because we have heard incidences of hackers hacking some exchange wallets too.
sr. member
Activity: 812
Merit: 310
September 24, 2018, 06:41:41 PM
There is no place that is entirely safe for storing coins. Every place has a risk of being hacked. Wherever you choose to save your coins, continue to observe and maintain the confidentiality of your personal data so that it cannot be touched by other people or malware. It would also be better to save coins in some wallets so that if something bad happens, your coins can be saved and you will not lose all the assets you have.
sr. member
Activity: 623
Merit: 251
September 24, 2018, 06:24:03 PM
Exchanges are being regulated, our money doesn't belong to us. We can lose them easily. Besides hxchanges have a long history of being hacked and losing customer funds. You may want to use hardware wallet, which is much more secure and convenient at the same time.
member
Activity: 168
Merit: 10
The World’s First Blockchain Core
September 24, 2018, 05:52:06 PM
I trust the binance. but the safest one ledger nano s.if you will still continue to investing coins. you need a hardware wallet. surely we need to keep our coins in exchanges sometimes for trading or for to be fast. but i always send my coins to my hardware wallet. exchanges are not 100 percentage safe ..
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