Topic: Is it safe to put the tokens on the exchange? - page 10. (Read 3036 times)
Use metamask instead of MEW and exchange because MEW might have some security issues like phishing and exchange might be hacked in someday. Metamask is a great use for portability and also security.
Its a matter of choice but one advise is better do not keep your tokens in exchange because it could get hacked any day anytime the best you can do for yourself in order not to lose your tokens and be on a safe side keep them in your wallet
Guys is it safe to just put the purchased tokens on the exchange? cause i dont have a wallet in my android app. is it possible that it will be stolen? and claimed to be hacked? Am i doing the right way? Please can anyone help me. Thanks in advance.
Of course it can be hacked, it's not the only way to lose your token if you store it on exchange, there's news of exchange suspend the user account and if your account get suspended then you will lose your money. There's a lot of cases where exchange got hacked nowdays so it's not recommended to store a lot of money there, just buy a hardware wallet and you are safe.I agree with you, you need to fear not only the hacking of the exchange. The exchange itself can appropriate funds and say that it was hacked.
Guys is it safe to just put the purchased tokens on the exchange? cause i dont have a wallet in my android app. is it possible that it will be stolen? and claimed to be hacked? Am i doing the right way? Please can anyone help me. Thanks in advance.
Of course it can be hacked, it's not the only way to lose your token if you store it on exchange, there's news of exchange suspend the user account and if your account get suspended then you will lose your money. There's a lot of cases where exchange got hacked nowdays so it's not recommended to store a lot of money there, just buy a hardware wallet and you are safe. 
If you want to hold tokens, it not safe, if you want to trade it is ok. Try to hold you cryptocurrency on wallets!
If we talk about really serious exchanges (for example Binance) i think it's quite safe to keep your tokens here. It has 2 factor authentication and that's really good and important.
It is not safe to hold your funds on exchange, it was never safe and it will never be safe. Exchange can be hacked and maybe they will return money to you in worst scenario they will run away with your money and by the time you run lawsuit to get your money back you will become old. Keep funds in your wallet.
If we talk about really serious exchanges (for example Binance) i think it's quite safe to keep your tokens here. It has 2 factor authentication and that's really good and important.
It's more preferable to leave the tokens on their main wallet!
It's depends on the exchange, I have some altcoins that still on the exchange,the exchange has a large volume so I don't worry that much. But I strongly discourage to put your holding in the exchange, what if the exchange will get hacked or will close like coinsmarket. Please make sure your account is well protected and activate all the security features.
We never get worried if we just left our tokens in any exchanger waiting for it sold, but provided that site is secured and not a pishing site. I've always doing that and I'm not losing them even it takes for 2months in their sites.
Depositing tokens in exchanges are safe only if those exchanges support high security measures such as 2FA verification. And also its better to keep in touch with news about hacking attemps and ddos attacks to reduce login into cloud sites. But the best way to keep your tokens is put them into a hardware wallet like trezor or nano ledger because its the best and the safest methot at the moment to keep cryptocurrencies.
no it's not. Every exchange has a chance to get screw up with hacking,ddos etc. You don't own your own priv key, so your coins in the mercy of exchange, take polo as an example, they have been hack in their early days i believe and in 2017 they have a withdrawal issue that makes some people coin stuck on their exchange for about 3 months. That's cannot happen if you own your own priv key.
You cant use exchange as your personal wallet, how do you have token if your not chosing any kind of erc20 wallet like myetherwallet. So easy to create a wallet. Go on the website just a minute it finished. Using exchnage might loss your token. Like token in airdrop and bounty,
I definitely don't suggest people to put tokens on the exchange for their saving purpose , hold or save should be hold in some kind of cold wallet, the one that doesn't connect to internet to make sure that everything will be safe.
I think the answer is yes - it is rather safe. Very hard to steal your tokens on exchange, because security in the exchange is guaranteed. Jsut be careful with your password and security key and everything will be allright.
Yes correct, it is safe. You don't have to worry because in terms of security you can actually trust the exchange but you have to make sure all your passwords and other detail are already been secured for you not to be able to steal by others.
Someone logged in to my binance acct from other countries which I'm not familiar with.
And I'm not the only person to experience this when I googled the incident so this is why I don't trust any exchange for now for keeping.
And I'm not the only person to experience this when I googled the incident so this is why I don't trust any exchange for now for keeping.
Exchange are not a safe way to store your wallet as you don't hold the security of them a hacker can attack your account anytime since the exchange hold your acct private key info you can lost your coins on that exchange. Store your coins to a safe hardware if you don't have a plan on trading it.
I think the answer is yes - it is rather safe. Very hard to steal your tokens on exchange, because security in the exchange is guaranteed. Jsut be careful with your password and security key and everything will be allright.
Just because of the hacks taking place over the exchanges it is recommended to keep hold of the tokens on personal wallets. From my experience it is good to hold on exchanges if you involve into regular trading practice. Keeping hold on exchange will provide the ease of accessing, else each and every time it needs to be transacted.
The most safest way to hold your tokens is to put it to your own wallet where you are the only one who have the private key. If you choose to put your token on exchange choose the reputable exchange nowaday with good volume.
Jump to: