Topic: Is it safe to put the tokens on the exchange? - page 15. (Read 3036 times)
I would not advise you to use the stock exchange to store your coins, as this could lead to very bad consequences. It's best to create a purse and keep your crypto assets there!
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.
It will be only safe depending on the exchanger you are using because there are issues about exchangers that some of them cannot really handle the growth of cryptocurrency and they will just close the market or there are people that their coins are gone just so simple.
While it is relatively safe if one chooses big reputed exchanges, do not forget about the Mt. Gox incident. Safer to spread your tokens across multiple top exchanges and also use strong passwords and 2FA to protect your account from hacking.
Good to keep some tokens on your local wallet.
Good to keep some tokens on your local 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.
If this is a popular and reliable exchange, then your coins will be safe. But if you have a large amount, I would advise you to buy a hardware wallet. This is the safest way to store coins. 
If this is a small amount, then it is safe. Not only is it safe but profitable. Since transferring coins permanently means paying commissions!
It is the same whether a small amount or a big amount if they know how to hack your account they still doing on it.Storing your token or coins in exchange site is so risky you never know if that exchange site will get down, I also storing coins or tokens in my exchange site but not intended for a long time maybe weeks or a month of staying my tokens I know it is safe.
Nothing more safer than of you myetherwallet of any other stand alone wallets compared from the trading site's exchange wallet. You're more vulnerable to be hacked which I think attackers might be able to dig up on the funds that you have. However it always depend on you on how you trust the exchange site you where you belong.
top 10 of exchange markets are safe ,but i didn't know the small exchanges . by the way you can install IMtoken APP for eth platform wallet in your phone.
None exchange is safe enough to hold your tokens there. Each of them can be hacked. But as far as you need to trade your tokens, then it's better to choose the most reliable exchanges like Binance, Kucoin, OKEX, Huobi, etc.
If this is a small amount, then it is safe. Not only is it safe but profitable. Since transferring coins permanently means paying commissions!
It is the same whether a small amount or a big amount if they know how to hack your account they still doing on it.Storing your token or coins in exchange site is so risky you never know if that exchange site will get down, I also storing coins or tokens in my exchange site but not intended for a long time maybe weeks or a month of staying my tokens I know it is safe.
If this is a small amount, then it is safe. Not only is it safe but profitable. Since transferring coins permanently means paying commissions!
hello,
please note below points for your security of tokens on exchange:
always keep 2fa security active of your all exchange account, otherwise you may lost your funds.
always keep the backup of your 2fa security. it will help in-case you lost your mobile.
some tokens (erc20) you directly get in to my ether wallet. there is no 2fa on the my ether wallet. so you need to keep your private key safe way.
avoid to keep the private key on mails, it may hack & your funds will be lost.
if you are not sure about the my ether wallet security, you can purchase ledger nano or trazor wallet to keep your funds safe. kindly buy the wallet from authorized dealer or supplier.
I hope above information will be helpful to you
please note below points for your security of tokens on exchange:
always keep 2fa security active of your all exchange account, otherwise you may lost your funds.
always keep the backup of your 2fa security. it will help in-case you lost your mobile.
some tokens (erc20) you directly get in to my ether wallet. there is no 2fa on the my ether wallet. so you need to keep your private key safe way.
avoid to keep the private key on mails, it may hack & your funds will be lost.
if you are not sure about the my ether wallet security, you can purchase ledger nano or trazor wallet to keep your funds safe. kindly buy the wallet from authorized dealer or supplier.
I hope above information will be helpful to you
It is always better that you have to keep the token in an autonomous purse as trazor if you don't trade long time since then. You can give the tokens at any time at the exchange when you want to trade in these tokens, but there you have to be sure of safety of this exchange. If exchange has two-factor authentication and authentication of Google, then your tokens can be safe.
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.
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.
It depends on the exchanges that if the exchange is secure then it is safe to put it on exchange while if it is smaller and not much secure then do not put it on there and stay then on your address. 
for my own experience is quite safe to put in exchange because it is trusted security in exchange exchanges.
It is fine to put your tokens in an exchange you want within 24 hours of desired period that you want to trade in. Try to not let it stay for too long in an exchange because we will never know when hackers will attack.
This is not a good idea as putting your tokens on exchange floors is a risky move as it may be lost at any time. The safest is to store Token in the wallet MEW (MyEtherWallet), which is how I choose each time the need to save Token. Storage on exchange floors is only suitable for day trading.
Quote
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.
It depends on the exchange, I think in general is not safe especially huge sums. I read several times that some exchanges under various pretexts avoided returning funds to their owners
It depends upon the situation, if you are on trading you have no choice but to put your coins into an exchanges bu5 if you plan it to hold for long term better put it on safe place like hard wallet. If you plan to just put it on an exchanger better choose the exchanger which is high reputation like BITTREX,POLONIEX,KUCOIN, and BINANCE. For safe wallet i suggest to use IM TOKEN, MEW , and any hardwallet which is capable to store your token.
It all depends on the trust you have for the exchange. some exchanges have cold wallets that will help store your coins in a safe place for you. These are the wallets the exchanges use to protect the exchanges tokens.
No. You should only have coins on an exchange if you re actively trading it or if it doesn't have a wallet yet.
I strongly believe, that exchanges are for trading, not for storing. Exchanges can be vulnerable and I would not recommend it for holding a token.
Jump to: