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Topic: Do you think its safe to leave coins in exchange like yobit and c-cex? (Read 1025 times)

legendary
Activity: 1652
Merit: 1088
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Just a matter when not if you loose them.

This. Practically the only exchange that is safe to leave coins on is Coinbase, and that is because they have taken out insurance to compensate people if they are hacked and their coins are stolen.

Most exchanges are too cheap to either provide good security or to pay an insurance premium to compensate them for loss.
full member
Activity: 224
Merit: 100
Like everybody else have already said here, it's a bad idea. If you have a big amount of BTC there it's better to use cold storage or better divide them: leave the necessary amount in exchange and the rest put in the wallet.
legendary
Activity: 3416
Merit: 1225
No I don't think it's safe because of the past history of hacking on exchanges,you lose your money in your wallet because of you lose control or forgot your passphrase you can retrieve that in another way,but losing your coins on exchanges,that is hard to retrieve.
hero member
Activity: 1694
Merit: 502
★Bitvest.io★ Play Plinko or Invest!
Cause of the cases in past people are afraid to keep money in online exchange sites. I keep my alts on poloniex and for me they are much reliable then yobit, that is not just my opinion you can see in forum that more people have trust in poloniex then in yobit, that's why I'm not using yobit anymore. Bottom line is that you choose how much will you trust in some online exchange site, nobody can guarantee you that everything will be perfect all the time.
legendary
Activity: 2058
Merit: 1030
I'm looking for free spin.
I never tried to stay my funds longer in exchanges site more possibility that the site can be hack someday just like other trading site before remember mt.gox and other trading site before.
Always better to keep your coins into safety wallet or official wallet like in bitcoin wallet electrum. its more safe that staying your coins in those site..
legendary
Activity: 3234
Merit: 1375
Slava Ukraini!
It's not good idea to keep big amount of coins on exchange. Even most reputated exchanges nay be hacked or turn into scam, there are enough examples. It would be better to keep bitcoins on cold storage.
But if you decided to keep coins on exchange, it would be safer to keep bitcoins or just few most popular altcoins. Other coins wallets can go to maintenance mode and you will not able to withdraw it.
full member
Activity: 144
Merit: 100
Just a matter when not if you loose them.
hero member
Activity: 1568
Merit: 511
Recently i just lost $500 due to my weak passphrase for my wallet

Thinking to leave coins on c-cex right now

I have 2fa activated for my c-cex

Do you guys think its okay to leave my coins there?
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