Topic: Is it safe to leave Altcoin in Exchange - page 9. (Read 1213 times)
Hmm is it 100% safe? No dont think so. You never know what will happen to the exchange. I can shut down or be hacked etc. On the other side if you look at bittrex binnace kucoin i dont think the chance is likely they will get hacked or that they will shut down. In that matter you are never 100% safe. My advice would be dont put all your funds on a exchange and best thing to do is put it on a desktop wallet or a cold wallet. Those are safer then leaving your funds on exchange.
If you are going to use them (i.e. trade), then leave in Exchange. But if you just wanna hodl - you'd better withdraw it to the cold wallet. Hackers often attack exchanges.
nobody can ensure the particular exchange will be more secure rather than other exchange especially in 2016 bitfinex was got hacked and it proves that although big exchange which have good securities doesn't ensure will be safe moreover i think possibly in the future there will be another exchange will got hacked too so if you have a plan to save your altcoin for long term purposse then don't ever think your altcoins will very safe if you save it at the exchange
coinsmarkets took like 200m $ in coins hostage for 1 month still down.
no way dont trust smaller exchanges or sites with your coins
only exchange i trust is binance or coinbase
I almost agree with you but Binance is always facing "China risk". Chinese government can make any decision and take it into operation immediately, even if it's cease of exchanges, including Binance. Well, Binance is obviously one of the greatest exchanges, in terms of trade view, listed coins, and low fee. no way dont trust smaller exchanges or sites with your coins
only exchange i trust is binance or coinbase
sometimes you don\t have a choice
look at ADA on binance - most of the time you cannot transfer them to your own wallet
look at ADA on binance - most of the time you cannot transfer them to your own wallet
Any exchange is no longer safe..
therefore it is worth considering the option of saving assets in a more secure place.
it is true, but not all exchanges are not safe, it all depends on each of us, whether we dare to take risks or not. therefore it is worth considering the option of saving assets in a more secure place.
It is not advisable to keep coins in exchanges for long term and especially when you don’t need to use the coins. You never know when will the exchanges close down and disappear with your coins.
coinsmarkets took like 200m $ in coins hostage for 1 month still down.
no way dont trust smaller exchanges or sites with your coins
only exchange i trust is binance or coinbase
no way dont trust smaller exchanges or sites with your coins
only exchange i trust is binance or coinbase
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 will personally never leave my money in an exchange, they are like banks, once you give your coins to them there is no guarantee you are ever going to see your coins again, many things could happen, maybe they get hacked, maybe they exit scam you, maybe their servers are confiscated by a government agency or they may simply decide you violated some of their terms and they keep your money. 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 ?
more than 4 months all my coins are in exchange till now i didnt have any problem, just one problem i had once when I transfered my coins to HITBTC.COM and after problem was solved i didnt use again this exchange.
in my opinion i will say 50/50 because sometimes i will stores my funds on exchanges and waiting for the some coins to rise in waiting some decent news of specific coins but i cant assure that my balance is secured we dont know that their exchanges might go down
There is always a risk that the exchange can simply disappear along with your funds, there were already cases, better not to risk and store in a more secure place
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.
Any exchange is no longer safe..
therefore it is worth considering the option of saving assets in a more secure place.
therefore it is worth considering the option of saving assets in a more secure place.
Every exchange which have 2FA security feature is safe to leave your coins there but if you are not a day trader and want to hold for long term then you can hold your fund in offline wallet also.
Any centralized exchange is always risk for storage of the assets. When you are registered at the exchange, on the website always in case of primary registration you are fairly warned that nobody and ever at these exchanges bears responsibility for any losses of your assets of any type. Among a set of risks the most widespread: the hacker attacks for the purpose of hacking of servers of the exchange, fraudulent actions of owners or staff of the exchange, a prohibition of activities of the exchange by the government for one reason or another. My opinion, assets at the exchanges can be held only for trade or for storage in a small size. The size in this case determines everyone for itself what amount of assets the user can lose without extensive damage in case of any force majeur situations. I distribute the same rule to the decentralized exchanges. As I consider that the technology is still underdeveloped and unsafe.
No! It's not safe! It's centralized exchanges that can happen anywhere! I think it is better to store coins on a cold wallet.
I usually save my altcoins on exchange if I need to trade them shortly and not holding it for long term.
Better just use hard wallet if you are for long term.
Better just use hard wallet if you are for long term.
no it is not safe to keep it for a long time it is stolen by hackers. better use secured one binance or buy the hardware wallet it is better way to keep your altcoins Safe.
Not safe at all since there had been a history of Bitfinex being hacked. I think you might consider putting all your earning in your wallet and just leaving out the amount you would use for trading.
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