Topic: How safe is exchange? - page 7. (Read 2960 times)
do not keep assets too long in exchange that you have not trusted and not yet famous. you can save the assets in your personal wallet to make it more secure. for a secure exchange account complete with Two-Factor Authentication (2FA)
Well its not safe but you should not keep a lot of money in cryptocurrencies on tthe exchanges. Keep just the ones you want to trade and make sure its good exchange like binance or kucoin that will for sure return the money in case of hacks
exchangers are just as protected as you see them to be on the grounds that measures have been established for clients to make utilization of, however not every one of the clients have a tendency to apply every one of the securities set up as a measure accommodated anchoring a record by the exchanger.
I think it's safe as you keep money in bank. but saving coins in exchange is advised not to hold in the long-term, because the exchange can be closed at any time.
With the supporting of the blockchain platform, your exchange with parter will be automatic saved and noone can change and delete it.
The hacker will be very difficult to access it.
The hacker will be very difficult to access it.
exchangers are just as protected as you see them to be on the grounds that measures have been established for clients to make utilization of, yet not every one of the clients have a tendency to apply every one of the securities set up as a measure accommodated anchoring a record by the exchanger.
The Exchange uses one address only when it will be sent to another wallet out of the Exchange. his example Ethereum:
merchant 1 removes Ethreum into Binance wallet
merchant 2 removes Ethreum into Bittrex wallet
merchant 3 removes Ethreum into Poloniex wallet
so all Ethereum is sent in 1 wallet, and it is certain that the exchange has its private key.
merchant 1 removes Ethreum into Binance wallet
merchant 2 removes Ethreum into Bittrex wallet
merchant 3 removes Ethreum into Poloniex wallet
so all Ethereum is sent in 1 wallet, and it is certain that the exchange has its private key.
Don't leave all of your asset on exchanges if you want to invest for a long term. Even for big exchanges got hacked for couple of months ago. In my opinion, best option is to save it on cold storage for better security. 
When you planned to hodl for a long term i think its better to keep your tokens safe at private wallet rather than on an exchangers. It can get hacked at any time or shut down because of no volume or trader at all.
You can transfer your tokens to the exchange right when you want to sell it, otherwise better to keep it in your private wallet
You can transfer your tokens to the exchange right when you want to sell it, otherwise better to keep it in your private wallet
I don’t trust on the exchange, I only send my coin in exchange every I will sell and buy the coin. Never save coin in the exchange, because is very risk.
there are advantages and disadvantages of saving in the exchange and saving in the wallet. the advantage is we can send the coin in everytime we want to sell. the disadvantage is when the price suddenly increases at the high price, we cannot sell the coin because it's in the other wallet and we need to wait for the transaction is complete and it needs time before we can sell. but I think the exchange is safe especially if we can activate the security for our account so we can prevent the hacker to steal our coins.
I don’t trust on the exchange, I only send my coin in exchange every I will sell and buy the coin. Never save coin in the exchange, because is very risk.
there are advantages and disadvantages of saving in the exchange and saving in the wallet. the advantage is we can send the coin in everytime we want to sell. the disadvantage is when the price suddenly increases at the high price, we cannot sell the coin because it's in the other wallet and we need to wait for the transaction is complete and it needs time before we can sell. but I think the exchange is safe especially if we can activate the security for our account so we can prevent the hacker to steal our coins.
I don’t trust on the exchange, I only send my coin in exchange every I will sell and buy the coin. Never save coin in the exchange, because is very risk.
They are not providing private keys to us that is why Exchanges are not safe. It can be hacked at any time. When you are not trading, store your coins in a hardware wallet.
Its safe to keep your coins in exchange if and only if you have a verified security or 2fa intact but it all depends on the exchange also but our wallets are also another option if we are not sure enough of the exchange.its all a matter of choice
The larger ones are reasonabily safe, as they do invest lots on money on being so, but the smaller ones, that´s a completely different kind of fish.
The choice of right exchange is the key to be safe with your money and in your work in crypto. I consider that you should check Binance, it is the best one for me.
I think so . it is safe, for sure they encrypt the keys and no way the attackers will not be able to seize the information
Indeed some of the exchange requires a private key to transact one of them etherdelta, exchange is the most frequently used, indeed worried access private key to log in, so be carefull or so that to be safe just choose exchange that only use email to access and avoid not to get caught web pishing.
You can't be too sure about the safety of these exchanges considering the various incidences about exchange. I think we just have to transfer our coins into our personal wallets and leave only the ones for trading on the exchange platforms
how secure they claim there is always the possibility that merchant funds are at risk, we have seen and heard many hacked and shutdown exchanges so it is advisable to keep any amount of crypto for the long term every trader and investor should consider it first. The exchange is imperfect and has weaknesses so the exchange is not secure.
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