Keeping tokens on the exchange is tantamount to saving your money in someone else's wallet. It is better to transfer funds to the exchange only for trading.
Topic: Is it safe to leave Altcoin in Exchange - page 4. (Read 1213 times)
It depends on the purpose of leaving your altcoin in an exchanges, if it is for a long term and then I will advise you move your coin away, but if it's a for a short term or you are into trading cryptos, then you should leave it on the exchanges.
Who knows the exchange will not run away with your money, who knows it wouldn't be hacked and all the database will be gone, who knows it would not be bankrupt. So i think its not safe.
I am keeping some tokens for trading on famous and solid exchanges such as Bittrex,Binance and Kucoin,I am quite confident they are in a safe places and it is very comfortable for day trading.
I hold my cryptocurrencies on 5 different exchanges and a large number of different wallets. I'm paranoid about that. No matter how cool the exchange is, whether it is centralized or decentralized , hackers don't sleep! But the probability that a hacker will break into all the exchanges and wallets at once is zero, so I am calm about my funds. Cryptocurrency for a long time I keep on hardware wallets-Ledger and Trezor.
Exchanges are not very safe. You need to store coins on exchanges only if you need for trading purpose. Using wallet which private key control by yourself has much better security than exchanges. But the most security way is hardware wallet.
Keeping coins on the exchange is a very strange idea. It's about the same as carrying cash with you in your hand. Convenient, always accessible, but very unsafe
It is better to store coins on your personal wallet. Nobody guarantees you the safety of storing coins on the exchange, so when the work of exchanges are failures and anything can happen.
Try to trade atls in big exchanges only....stay away from small exchanges. If you want to buy from small exchanges, withdraw your funds after you buy/sell. Before depositing check the wallets if they are OKAY. Happy trading 
Yes I think it is unsafe. there are several examples in world history when the exchanges zayeryvatsya and people didnt receive the money. That in what you dont trade it is necessary to hold on local purses
Of course it's not safe. But if you are day trading, what can you do? If you hold for a longer period of time, then definitely withdraw to your wallet.
honestly i don't trust exchanges that much so i don't keep most of my coins or tokens on exchanges unless its really necessary otherwise i keep them in my desktop wallet that doesn't mean that all exchanges are bad of course
for myself i do not keep my coin in exchange for long period of time only when i sell coin just not for storage.
Only for the amount of time that it takes you to conduct your trades and no longer.
It's an unnecessary risk, throughout crypto's history exchanges have gone under and taken everything with them. Is that a risk you want to take?
It's an unnecessary risk, throughout crypto's history exchanges have gone under and taken everything with them. Is that a risk you want to take?
Don't leave funds in shitty exchanges
I leave them in the exchange even though it's not safe because setting up dozens of wallets for each of them is very inconvenient. It's not safe but I think Binance is very trusted. And also you don't know if these desktop wallets has no virus or malwares.
Be safer. Use a wallet.
There is always a possibility of an exchange closing buy never a wallet.
Governments are getting strict now when it comes to exchange. They want people who will use it to be registered with all information to their profiles.
It aint cool. But if they dont follow the rules they might be closed. So that is your risk there.
There is always a possibility of an exchange closing buy never a wallet.
Governments are getting strict now when it comes to exchange. They want people who will use it to be registered with all information to their profiles.
It aint cool. But if they dont follow the rules they might be closed. So that is your risk there.
In general, you don't need to change the password frequently, you just need to generate a random password with a random password generator.
Then set Google secondary validation, so if the exchange's database is not stolen, then your account is safe.
Then set Google secondary validation, so if the exchange's database is not stolen, then your account is safe.
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 ?
In my own experience,when i left my coins on my trading exchange in hitbtc for almost two three months,so that in time when i need to sell or buy my coins its already there deposited,its so secured and safe because trading exchange have its own wall defense against hacking system,but when the time they announced that my coin is no longer acceptable to there trading site because of different matter, i convert it to bitcoin and transfer it to my local wallet for longterm investment.
wallet is safest, keep in exch only the amount you plan to trade
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