Topic: Is it safe to leave Altcoin in Exchange - page 2. (Read 1213 times)
I may be a little risky but I keep all of them in the exchange because I hate the idea of using a bunch of wallets at the same time.
Exchanges aren`t very safe. U need to store coins on exchanges only if u need for trading purpose. Using wallet which private key control by urself has much better security than exchanges. But the most security way is hardware wallet.
Almost all the major exchanges have been hacked at least once and do you know who lost their funds in it? The user. If you don't care about your money and are here just cause YOLO than go on and keep all your altcoins on exchanges, but if you care about your altcoins than store on your own wallets.
I'm usually saving my assets on Exchange too. The reason is I can trading it anytime when I want.
If you're planning to hold it and don't want to sell or exchange I really recommend to hold it on web wallet or hardware wallet. It is more secure if you save it on there
If you're planning to hold it and don't want to sell or exchange I really recommend to hold it on web wallet or hardware wallet. It is more secure if you save it on there
Actually leaving any coins to an exchange is very risky particularly to the new exchange which is not well known. If you do so choose Binance as this exchange is trusted and believable compared to newly ones. But if you've not planning to make a trading then I suggest to keep your coins in your cold wallet like owned personal hardware that secured with confidential password in accessing it.
I'm usually saving my assets on Exchange too. The reason is I can trading it anytime when I want.
If you're planning to hold it and don't want to sell or exchange I really recommend to hold it on web wallet or hardware wallet. It is more secure if you save it on there
If you're planning to hold it and don't want to sell or exchange I really recommend to hold it on web wallet or hardware wallet. It is more secure if you save it on there
yes i thinks so, but you need to enable the 2fa of that exchange. without enabling 2fa i think it is very risky to keep alt coins on the exchange. as all the hackers are looking to hack your accounts.
if the exchange is really very secured for me it's okay to keep the coins in exchange but if we put the coins on the new exchange and not so well known then it is very risky because I store the btc and eth I have in binance and bitrex already 1 year and that's fine until now
Indeed all this is risky. I leave them in the stock even though it is not safe, although it is not safe but I think Binance is very believable. And you also do not know if this desktop wallet does not have any viruses or malware. Hi,
I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.
I always keep my withdrawal blocked by changing password every 5th day.
Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?
There is nothing 100% secure where sometimes you don't get access to your coins just because of carelessness or negligence...I have here for example on the exchange is two factor authentication, the key from which I kept on my laptop...I went for 2 days to rest in another city, and when I arrived I was flooded by neighbors...my laptop can not be restored, the data I have not been able to recover on the exchange and did not get. Therefore, here a lot depends on himself, and so I can say from myself that Yes it is safe. I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.
I always keep my withdrawal blocked by changing password every 5th day.
Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?
if the exchange is really very secured for me it's okay to keep the coins in exchange but if we put the coins on the new exchange and not so well known then it is very risky because I store the btc and eth I have in binance and bitrex already 1 year and that's fine until now
I think that we should use additional measure to keep our crypto accounts safe and one of them is usibg different passwords with the help of password generator. By this means nobody will ever steal your personal information or find the way to figure it out.
Hi,
I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.
I always keep my withdrawal blocked by changing password every 5th day.
Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?
I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.
I always keep my withdrawal blocked by changing password every 5th day.
Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?
If your plan is to hold your cryptos in the long term, it would be worth it to make an effort to find methods or wallets that allow you to protect your coins offline. Currently there are many options in this regard and it is not difficult to obtain them. And this is especially recommended in your case, as you only have plans to invest in three cryptos. When the idea is to hold many coins is more complicated and perhaps an exchange may seem more practical, but risky.
Hi,
I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.
I always keep my withdrawal blocked by changing password every 5th day.
Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?
Yes but not totally you can trust the exchange fully for 100% security. If you really wanted to make your tokens/coins secure better to put it in your wallet if you don't have not yet a plan to sell it. I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.
I always keep my withdrawal blocked by changing password every 5th day.
Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?
Any exchange, even the most popular and trusted, can be closed. Thus, if you are not an active trader, it is better to keep your crypto at the wallet (offline - for the maximum security).
Yes, we don't know what will happen to the exchanger in the next day so it is better to keep it on a wallet where we have full control over it. Leaving coins on exchanger with no intention to sell for a long time will be more risky.
Any exchange, even the most popular and trusted, can be closed. Thus, if you are not an active trader, it is better to keep your crypto at the wallet (offline - for the maximum security).
If you do not need to conduct daily trading, it is better not to leave your coins for long-term storage on the stock exchange. It is much more reliable to keep your savings in a safe and secure purse.
If you are going to use them , then leave in Exchange. But if you just wanna hodl - you'd better withdraw it to the cold wallet. The reason is pretty simple - exchange may shut down or be hacked.
Hi,
I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.
I always keep my withdrawal blocked by changing password every 5th day.
Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?
I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.
I always keep my withdrawal blocked by changing password every 5th day.
Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?
Any exchange can be hacked. Or the exchange may close for a number of reasons. I find that storing coins on a wallet is a more secure way.
Hi,
I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.
I always keep my withdrawal blocked by changing password every 5th day.
Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?
I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.
I always keep my withdrawal blocked by changing password every 5th day.
Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?
Always there are risks. I hold cryptocurrency at the exchange and some coins on MEW e-wallet too. Though I know that it is up to the end not safe. The best method will buy the hardware purse. It is the safest method!
I would not advise to do so, the exchange is sometimes hacked or they just close. Still, it is better to store coins on your wallet, and even better to store them on the hardware wallet.
exchange is for the exchange of coins only so if in my opinion more secure store in the wallet because it is to store our coins, save on exchange a lot of risk eg if the exchange is closed then we can not do much
Jump to: