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Topic: Is it safe to put the tokens on the exchange? - page 13. (Read 3036 times)

member
Activity: 420
Merit: 50
Yes, more than reliable , of course with the cold wallet can not be compared , but for example on binance to keep more than
It is more safer to put all your tokens in exchange site because you're already know that it has a potential to grow compared to unvalue token it's more risky ,it may result to scams.
member
Activity: 518
Merit: 10
Yes, more than reliable , of course with the cold wallet can not be compared , but for example on binance to keep more than
full member
Activity: 420
Merit: 105
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.

You can keep your tokens in exchanges but you should have all the security measures like Sign-in alert, authenticator, etc., activated. However, exchanges do sometimes get hacked so its better to keep your tokens in your wallet of which you have the private keys to access. Your best bet can be a hardware wallet like Trezor.
member
Activity: 448
Merit: 10
Well the safety of exchanges vary, some exchanges are safer than others are. We all have heard of hack cases where millions of dollars worth cryptocurrency has been stolen never to be recovered again, I'd therefore won't advice anyone to store coins in exchanges unless you trade often, and even then don't put too much, store your tokens in your wallet, if possible hardware wallets
full member
Activity: 280
Merit: 100
this is not safe, because some exchanges have technical problems that do not allow to use tokens when it is needed. secondly, it is the exchanges that are most often hacked by hackers, and there are many examples. try alternative storage methods, there are now enough of them.
legendary
Activity: 1386
Merit: 1001
It is not safe to store your tokens on the exchanges, because there is a high risk that you lose them sooner or later, even if the exchange is decentralized. The risk is very clear with the centralized exchanges which can simply scam you anytime, or getting hacked. The same issue of security is existent with the decentralized exchanges, and we remember the security problems in the famous exchange Etheredelta a few months ago.
newbie
Activity: 174
Merit: 0
Tokens stored anywhere are not safe, especially in exchanges, because it can be hacked at any time and will no longer work. It is better to store  tokens on the hardware purse in  opinion.

but good exchange compensate the loss if it happens. besides big exchanges are making progress in providing security systems so it will be a hard task to hack them.
what if the coinsmarkets happen to the exchange you mean? will they replace all the money that has been hacked? I think it's not possible because the amount is too big so I think the safest is saving itself
full member
Activity: 322
Merit: 100
no, it's not safe. Exchange are much more often attacked by scammers. There are alternative options that will help reduce the risk of damage to a minimum. You just need to understand the typology of electronic wallets and choose the most suitable option for your needs from the number of proven applications.
full member
Activity: 1316
Merit: 105
Tokens stored anywhere are not safe, especially in exchanges, because it can be hacked at any time and will no longer work. It is better to store  tokens on the hardware purse in  opinion.

but good exchange compensate the loss if it happens. besides big exchanges are making progress in providing security systems so it will be a hard task to hack them.
jr. member
Activity: 1008
Merit: 1
Tokens stored anywhere are not safe, especially in exchanges, because it can be hacked at any time and will no longer work. It is better to store  tokens on the hardware purse in  opinion.
jr. member
Activity: 80
Merit: 2
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.
if you put your tokens in the decentralized market I think it could be risky, because the world of crypto is full of risks, so my advice you should have a wallet to store your tokens
member
Activity: 252
Merit: 44
at any use of personal data at a conclusion from some stock exchanges it is necessary to be accurately!
member
Activity: 340
Merit: 13
Many of this thing are doing of those people which is wise. If they think wallet from outside exchanges are not trustworthy, they store it in markets. I agree with this dids mate but make sure before storing it in some exchanges, make sure that its a secure market.
full member
Activity: 251
Merit: 100
So, it is safe to put your tokens in exchange, if the exchange has all the safety features and Google auth function for the input and transmission, your tokens are completely safe.

That is not completely true. If the exchange does not have proper infrastructure and security measures in place to protect their hot wallets, the tokens can still be lost.

Once you transfer your tokens to an exchange, it is just a ledger entry in their books. Some of the tokens are stored in a cold offline wallet while the rest of the tokens have to be stored in a hot wallet for liquidity purposes.
newbie
Activity: 168
Merit: 0
So, it is safe to put your tokens in exchange, if the exchange has all the safety features and Google auth function for the input and transmission, your tokens are completely safe.
newbie
Activity: 196
Merit: 0
The tokens I bought are on the stock market sites. There's money in my wallet that I only get in prize campaigns. You should look at evaluating not holding on stock market sites. You can continue trading by buying the time you want.
sr. member
Activity: 588
Merit: 250
You can send your tokens to the exchanges when you are ready to trade the tokens for other coins or maybe ready to cash out and take your profits, there is nothing wrong with that. What you should never do is to use exchanges to store your tokens in the place of a wallet and just leave them there because your tokens are more at risk if you just leave them in an exchange
member
Activity: 182
Merit: 10
Hello colleagues! There are a huge number of exchanges where you can buy or sell a crypto currency. Each of them has its own characteristics, but in many respects they are similar to each other. The main drawback of them is the high risk of losing investment due to the actions of intruders, law enforcement agencies or unscrupulous owners. These drawbacks are deprived of decentralized exchanges, such as EtherDelta.com. The EtherDelta exchange allows you to deal with the Ethereum blockade tokens. Its operation is based on smart contracts. The decentralized nature of the trading platform allows you to buy and sell tokens without the need for prior entry of funds into the stock exchange. All assets are stored in users' wallets, and the exchange only coordinates their exchange using block and smart contracts. The managing center is not here.
member
Activity: 364
Merit: 19
www.codex.one
It depends on what exactly exchange you will use . Putting your funds on a top-tier exchange gives you 99% chance that your tokens will not be stolen , but you still have a chance to lose them in case of delisting from exchange or because of regulators policies if you are a person , which is not allowed to operate with cryptocurrencies .
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
I use exchanges only to sell the tokens. I never store them in the exchanges, as in many cases the exchange suddenly stops supporting that particular token. But then, what is the need to store them in the exchanges, when we have MEW?
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