Topic: Is Binance safe to store cryptos? - page 8. (Read 2776 times)
its not really safe every exchanges are all prone to hackers, better have a wallet
Hello!
I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?
Thanks!
I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?
Thanks!
Binance is reputable exchanger and many user are in the exchanger till now the new user registration is closed.
With that so much thing, i can be so easy to tell you that binance is good place to store any altcoin.
My point exactly, Having your own wallet is putting your money in a much safer place because your the only one who can access your account. unlike in the exchange, hackers know that theirs a lot of money in that site and they will try their very best to access or hack the website in order to get the money. But it's really up to you whether or not you want to use it as a storage, as of the moment their is no trust issue against binance, I also use this as a trader.
For the safety of our tokens I think bits better to download a wallet on your phone to about it from hackers.
Hello!
I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?
Thanks!
I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?
Thanks!
History may repeat itself just like patterns or trends , now that Binance is trading on a larger scale . It would be risky because hackers will try in everything they can to find loopholes in this big industry
Hello!
I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?
Thanks!
I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?
Thanks!
Binance is reputable exchanger and many user are in the exchanger till now the new user registration is closed.
With that so much thing, i can be so easy to tell you that binance is good place to store any altcoin.
Hello!
I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?
Thanks!
I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?
Thanks!
I think no one know wheater its safe or not because sometime big exchanger also shut down like btce and other.
But, in recent experience, binance is very supporting and its very good exchanger to trade and store only the amount that you will use to trade.
Hello!
I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?
Thanks!
I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?
Thanks!
Binance is reputable exchanger and many user are in the exchanger till now the new user registration is closed.
With that so much thing, i can be so easy to tell you that binance is good place to store any altcoin.
I am not sure it's a good idea to KEEP crypto's in any online exchange. Neither of them is 100% safe. If you don't trade at all and just keep, you'd better send all crypto's to dedicated wallets. By the way, some coins now are giving small % for just keeping in the wallet, for instance NEO gives GAS for free.
If you trade every day, you do not have to take coins from the exchange, but the main funds that you are going to keep for a long time, it is better to keep it in a cold purse. Do not keep large funds on the exchange. take care of the safety of your wallet, as in the first place for the safety of your funds you are responsible
It's great exchange my favourite, but if you bought coin or token for hold, better download coin wallet to your pc and withdraw your coins from exchange for better secure!
I can't say Online exchanges are very safe to keep it. But it is free to do. If u want more secure you have to
use private key store(wallet). But invest wallets more.
use private key store(wallet). But invest wallets more.
Hello!
I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange?
If you are a trader you have no option but store the coins on the exchange but if you are using the exchange as your basic wallet keep them in a wallet you have full control of!I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange?
That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?
Thanks!
two-factor Authentication does make it difficult for your funds to be stolen from your end but if the exchange is compromised you lose out even with 2fa set, you just have to take the risk. Thanks!
Hello!
I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?
Thanks!
I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?
Thanks!
Cryptos store on the online purse or exchange platform is not safe at all. For most reliable, you should store it in a cold wallet by using an offline hardware wallet. If you need to trade within a day, temporary storage on Binance is an excellent choice, and for long-term archiving, it should not be because if hackers attack Binance, you will lose all the cryptos.
Binance is a big trading platform in the world with full features, and good for coin trader. Moreover, it is also a trading platform with very high security, safe and low transaction costs, high liquidity. If you are the coin trader, I recommend you play on this exchanges platform. In addition, Binance also issued a private coin BNB to support the development of the Binance with cheaper exchange rates for transactions.
I think Binance is good for coin trading ,not good for keep crypto here, you can store a little bit for exchanges but not too much. For safe , you should keep you coins in private hardware wallet or online wallet if you want to save your fee.
Maybe someone will say that it's never safe to store your cryptos on the exchange platform.
Their excuse is most of exchanges are centralized and it's possible to be hacked.
But you really think you can keep your cryptos better than exchanges,there are many ways for
you to lose your wallet files or private keys.And the possibility is much bigger than you keep your
cryptos in exchanges.
I think Binance is the NO.1 in all the exchanges,I believe in it very much!
Their excuse is most of exchanges are centralized and it's possible to be hacked.
But you really think you can keep your cryptos better than exchanges,there are many ways for
you to lose your wallet files or private keys.And the possibility is much bigger than you keep your
cryptos in exchanges.
I think Binance is the NO.1 in all the exchanges,I believe in it very much!
Hello!
I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?
Thanks!
I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?
Thanks!
I think it is one way to be faster at the time of selling or buying, but it is important you first used the security of the stock, but if you use a two-factor authentication system I think it is safe, because there is a misused attitude your email
Binance is one of the biggest crypto market at this moment. This is not a guarantee, but it is some kind of the assurance.
You can store some of your investment there, but now all of it.
You can store some of your investment there, but now all of it.
Never trust in exchanges in long term, there many bad things can happened to them, The best way is keeping you coins in your hands in your personal wallet
I'm surprised that people actually do store cryptos on the exchange whether it's for a day or even a few hours.
I basically get in, make my trades then gtfo. It's just simply not worth the risk despite how secure you may feel or think the exchange is.
I basically get in, make my trades then gtfo. It's just simply not worth the risk despite how secure you may feel or think the exchange is.
But you have to pay fees for withdrawal no ? And it's not instantaneous when you want to deposit
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