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Topic: Is it safe to put the tokens on the exchange? - page 16. (Read 2998 times)

member
Activity: 626
Merit: 10
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.
Yes I think it safe to put your token to exchanges because all exchange now have secured platform became their 2fa. But their is possible that it will stolen because of hacking in their exchanges so I think you need to put your token in safe plaçe that you are the only one that know the private key. It's better to have your own wallet instead to put in exchange.
full member
Activity: 280
Merit: 100
Actually, if you store cryptos on exchange floors as large as Binance, OKEx is almost safe to trade for a short time. But if you choose to hold mainly on it will be very risky. So for most guarded reasons, I suggest you keep your wallet MEW or hardware wallet such as Ledge Nano S or Trezor to avoid hackers attack.
full member
Activity: 1232
Merit: 186
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.
Is it really hard to download a digital wallet on android phone? I don't think so. I'm not saying that exchanges are not trustworthy place to store your holdings, it's just like that it becomes more prone from being stolen such as when hackers attacked or the exchange suddenly freeze itself.

Try to use Coinomi for your tokens because it is good and supports different tokens (just search for its reviews  to make sure).
full member
Activity: 602
Merit: 100
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.

Well, everything can be happen so there's still a possibility but exchanges have some guarantee to their customers if something happens to their system. As long as you will be careful with your action then there's nothing to worry. Security of exchanges are now being more developed and definitely it will be hard to be hacked.
newbie
Activity: 123
Merit: 0
I was doing like that putting my tokens into exchange even I don't have any verified wallet, and it was done good without any bad things happen, and in the next following days I asked a favor to my close friend to used their verified wallet in order to transact my tokens by changing into real money and it was done also good and that is my very first time of earning income in cryptocurrency business.
full member
Activity: 409
Merit: 103
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're buying tokens in altcoins get a proper wallet first if you dont have one MyEtherWallet is the best free online wallet out there. After that you can transfer it the exchange site and still it is safe there. But becareful oh phishing sites so you wont lose your money.
newbie
Activity: 39
Merit: 0
You will safe if you are going to use mew or myetherwallet.com ,because it is the most trusted and safest way to protect your ethereum and ethereum based tokens which is erc20 tokens,use metamask extension if you are going to buy those tokens from a dex or decentralized exchanges so that you wont need to put your private keys manually because you can be hacked,avoid those app and web wallet because these wallets has more risk of getting hacked.
member
Activity: 253
Merit: 10
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.
Store your token in MyEtherwallet to avoid your token stolen. MEW has good security and good flatform to make at engage for the best ICO project.
member
Activity: 118
Merit: 10
it will be safe as long as the trading website is protected against hackers. But once a hacker gets in, worst case is you'll lose your tokens/coins.

or maybe you are thinking of avoiding transaction fees? well, my opinion is that, I dont risk it all for a small transaction fee.
sr. member
Activity: 462
Merit: 260
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 may not be lost or hacked. Depending on whether your Trading wallet does not have enough protection like 2fa Google Securty Code. Or you may be victimized by phishing sites. The hackers will definitely know your password immediately and it might have been stolen.
member
Activity: 196
Merit: 10
Certainly not safe. My opinion is that you need to be either ready to fail or very able to do it. It's all the same risks.
member
Activity: 144
Merit: 10
Of course this is not safe, you can even freeze funds if you simply store them on the stock exchange and do not trade. I received such a letter from Poloniex once.
full member
Activity: 187
Merit: 100
You have no other choice if you want to trade. Anyway you have to trust some exchange. One advice - if you afraid to loose money, never put all of them in one place. Diversify as much as possible.
full member
Activity: 243
Merit: 100
If you search before you put your tokens it is safe I think. I don’t see any dangerous putting the tokens on the exchange. There are reliable exchanges and I can suggest you to use idex and binance. They are safe for me.
full member
Activity: 644
Merit: 101
Imagine the situation when you give your money to some uncle, whom you do not even know, but you know that he provides some services, but still you should understand that you are giving money from your wallet to someone else's purse, this is the most important thing that you must remember
jr. member
Activity: 532
Merit: 6
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.
Yes it is very safe to do that
All you have to do is secure your account with 2fa and keep your phones off from strangers
Then you are all safe

Congratulations on the Green Day’s lately
member
Activity: 378
Merit: 10
If your exchange will provide you all the security features like 2FA and you enable or turn on your 2FA security features then it will safe to put your coins on exchange otherwise you can safeguard your coins from hackers with hardware wallet.Hardware wallet is the best wallet to safe your coins.
full member
Activity: 630
Merit: 103
Security problem in the world of cryptocurrencies on the first place. Every month report about the large stolen sums.
Therefore upon purchase at the exchange of a significant amount of tokens or acquisitions of tokens for long-term investment it is necessary to remove tokens from the exchange on own wallet.
full member
Activity: 1190
Merit: 212
★Bitvest.io★ Play Plinko or Invest!
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 the token you have in the market that has a trust and has a very high trading volume of course safe to do token transactions transit to the place of exchange. before sending the token you should prepare ethereum at the sender address used for fee (gas).
sr. member
Activity: 672
Merit: 250
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It is never safe to put your tokens on exchanges and any one saying that it is OK to put your tokens on exchanges doesn't knows what hes talking about. Exchanges are getting hacked on regular basis and no exchange is safe from a hack and putting your tokens on exchanges is foolish and you should withdraw your tokens as soon as you but them.
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