if you are holding your coins for only a short while, then it is ok to take up the risk and keep on the exchange first.
If you are a long term investor, you should take a look at installing your own wallets to keep your coins in cold storage.
Topic: Is it safe to leave Altcoin in Exchange - page 6. (Read 1213 times)
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 ?
of course very safe, Bitfinex, hitbtc, bitrex and poloneix is the safest and best exchange site at this time, your step change password every 5 days is very good... 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 ?
well the news is against you. a few exchanges have been hacked in the past. or emails and passwords are hacked.
safest thing is to put them offline of course.
i have a lokal incrypted wallet and i feel a bit safer then just let them stand on the exchange but that is if you are a holder of course not a daytrader
safest thing is to put them offline of course.
i have a lokal incrypted wallet and i feel a bit safer then just let them stand on the exchange but that is if you are a holder of course not a daytrader
I think that there is no 100% safe option. The most important thing is not to keep everything in one place and divide it into parts. I have coins in my wallet and on various exchanges where I trade. I think this is a safer way
Is it safe to leave Altcoin on Exchange? I think this is very risky. Mending if you want to keep your coins for the long term I suggest to keep your coins in the wallet, the private key of your own holding so will be very safe. It's his risk if you save in the exchanger it could be any time - the exchange exposed by hackers or others and your coins can be lost all of them.
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 ?
This is a bad idea. If you absolutely must leave on an exchange put the absolute minimum you need on it, check it regularly, enable 2FA on login and withdrawals and change your password frequenly. Having said that, the only time I lost my coins that were on an exchange was when Cryptsy shut down. No amount of security can help you if you leave your coins on an exchange and the exchange shuts down and steals your coins.
Its not safe but i leave some of them for trading purposes. But i choose the big ones such as binance and bittrex.
Never trust to small sized exchanges due this is a serious business and need bigger companies to trust.
Never trust to small sized exchanges due this is a serious business and need bigger companies to trust.
If you are engage with trading then much better to store it on an exchange site but don't put all your coin on it instead leave some on wallet to make more secure, you can make it 70-30 or 50-50 if you want.
For short term investment it is typically safe as long as its one of the major exchanges. if you want to hold long term though you want to put in a wallet so you can stake the coins (if available for staking)
i prefer to some site like poloniex bittrex and other top exchange because they are so stable exchangers they got high security unless their one man hacks your account your altcoin will be disappear. but i trust top site to be my substitute wallet.
most of the exchanges are safe, but there is still a risk that the exchange be hacked, and we see this happen more than once, in general, your wallet will be safer than exchange if you keep your password carefully
First you need to check if exchange is approved from community and popularity also.
And then it depends if you are daily active trader then it would be logical and completely safe solution to store them there (on exchange). Because it's their interest that you are constant trading. Only that way it's okay to leave it.
And then it depends if you are daily active trader then it would be logical and completely safe solution to store them there (on exchange). Because it's their interest that you are constant trading. Only that way it's okay to leave it.
better distribution. 30% on the exchange hold and 70% on the purse
With my experience in this short period have been into cryptocurrency trading, when I buy altcoins I do leave it on exchange where I get it but with the issue of exchange hack I think the most safe place to store your altcoins is hardware wallet. You can get hardware wallets like ledger nano or Trezor.
For short period yes it is okay, in case you want to trade it you can just do it. But still do not put decent amount i an exchange, just small amount of it. No exchange is safe at the moment, no centralized no decentralized. Coincheck recently just hacked, sampe applies with etherdelta.
Invest in hardware wallet, ledger nano is cheap and sturdy enougj to hold uour valuable asset.
Yes I have invested on the site, trading and leaving them for so long. I am a long term trader. It should be the legit exhange and invest what you afford to lose.
For me, I think there are no exchanges that are safe. I know that Binance, Cryptopia and Okex are having high security measures, but there are no guarantees that they are totally safe from hackers or intruders who are trying to steal billions of coins there (just like what happened in a Japanese exchange when there are $400+ million coins hacked from them, especially NEM).
My advice to you is that if you want to hold your tokens for so long, I suggest you should transfer it to a safer wallet that supports the cryptocurrency you are holding now. Like Electroneum for example, I just stay put at my ETN dashboard and not transferring them to Cryptopia.
My advice to you is that if you want to hold your tokens for so long, I suggest you should transfer it to a safer wallet that supports the cryptocurrency you are holding now. Like Electroneum for example, I just stay put at my ETN dashboard and not transferring them to Cryptopia.
With my experience in this short period have been into cryptocurrency trading, when I buy altcoins I do leave it on exchange where I get it but with the issue of exchange hack I think the most safe place to store your altcoins is hardware wallet. You can get hardware wallets like ledger nano or Trezor.
I really don't recommend any coins or tokens that is or will be going to stay for a long time in Cryptocurrency exchanges sites because it's too risky and there's a big possibility that you'll lose your assets when they're on the other party's watch.
It's better to pull out your coins and tokens once you made trading because there's no safer than your keep them into you personal wallet.
It's better to pull out your coins and tokens once you made trading because there's no safer than your keep them into you personal wallet.
I do not think that it will be a good idea to leave your savings on the stock exchange, because the exchange has its own interests too, and as usual, when you transfer your money there and the serious pumping of your money (tokens or coins) begins, they just block wallets of this project, and they themselves trade your money, and they themselves say that they are carried out those works
As some have noted, keeping in a reputable exchange is okay if you are a short term holder but if you plan to hold long term then an offline wallet is much safer. Take a look at the big hack that happened yesterday. It’s tough to trust exchanges when they are lacking proper security measures.
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