Is it safe to put the tokens on the exchange? - page 21.

deddod

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Quote from: marksayson on April 07, 2018, 07:30:19 AM

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.

I think put some tokens on an exchange is safe but you must set 2FA in it.
After now I still save my token in exchange and I haven't a problem with it.

Lukan

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Quote from: marksayson on April 07, 2018, 07:30:19 AM

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.

On exchange hold only the amount that you need for trades. Avoid phones. PC's are not so safe, but phones are weaker. Invest in security money and time to learn more about it.
Hardware wallets are good (Ledger Nano S, Trezor and such), but buy them only from official stores. MEW is safe, but install add on to avoid phishing sites.

miyaka26

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Quote from: marksayson on April 07, 2018, 07:30:19 AM

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 it in an offline environment, we can't say when will the tokens you've purchased will moon so the hackers will take an eye into your exchange wallet, take note that there is a possibility that the website will be compromised so always mind the question what if this happens? if you still want to store your tokens there, make it sure the account is fully secure, set up the two-factor authentication, withdrawal passwords, google authenticator and other security measures that the exchanges have.

kryptqnick

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Quote from: RSM0103 on April 07, 2018, 07:45:29 AM

Quote from: marksayson on April 07, 2018, 07:30:19 AM

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 safe to put it on the exchange, all exchanges have security measures to secure one’s investment, However it is more better to have a wallet such as Myetherwallet, Coinbase, etc. to be more secure and keep it safe. Remember just be more responsible with your private keys.

I don't think putting money on the exchange is really safe. Hacks, temporary froze actions and just dumps happen from time to time and surely money is a lot safer in the wallet with good security. However, I also have some of my money on the exchanges, because I kind of get tired of getting to know the needed wallets. It's good if it's erc20 token, then myetherwallet can really hold everything, but holding coins is a lot easier on good exchanges than in different wallets. I guess both options have some ups and downs.

tyuner4

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I don’t think exchanges are safe place to store your tokens for long term. You will never know whether the exchanges will close down or run away with your money. It is advisable to store the tokens in a wallet you control the private key.

heritage35

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Although, if you still go about installing any software wallet on your android, it is not also 100% safe, but safer than exchange wallets. Exchange wallets are liable to hack depending most times on the exchange you are using. Notwithstanding, some exchanges still have their system intact and and their security system is good if only you lock it up with 2FA.
The best wallet you can ever use is hardware wallet. It is 100% safer inasmuch as you are the only person handling it.

altcoinhunter01

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It is safe if the exchange have any authentication feature to do any transfer then you are fully secure but i prefer to hold coins in online wallet.

Skroojee

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No, it's not safe. My friend just lay there like tokens he bought. A year later he went to the Exchange to see what's going on, and the tokens it has increased in price very much, but the Exchange has blocked it. He had to undergo a long and tedious verification of the person, which lasted for 3 to 4 months. Therefore, it is not advisable to store on the Exchange.

qazgroup

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RiveMont

Bro, risk is everywhere, everything can get hacked or stolen, even life has no guarantees, what you can do is only invest and trade on good reputable exchanges, use strong password and enable authenticator code for access to your account so that only you can access your funds and account.

jyotianand01

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Yes, it is safe to put your tokens on exchange if that exchange have all security features and google authentication feature to login and transfer then your tokens are fully safe.

adzino

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Quote from: marksayson on April 07, 2018, 07:30:19 AM

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.

Nope. Its never safe to store anything on an exchange. The exchange might get hacked and you might lose all your tokens. Databases might get leaked and your account information exposed causing your account to be hacked without you even noticing. Or the exchange might end up scamming the users. Always store your coins somewhere secure and don't rely on exchanges.

rockybar

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it is safe to put tokens on exchange, they have also there security. but its more safe that you put your tokens in your wallet. if you dont want to trade your token yet just keep it in your wallet. you can use myetherwallet or other wallet that can keep ERC20 token and keep your account information to the public thats for your own safety also.

gabmen

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Quote from: marksayson on April 07, 2018, 07:30:19 AM

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 i keep some alts im holding in exchanges though it will feel a lot safer if you get a wallet. It's not that difficult to have your own wallet anyways. I think as long as your coins are in an exchange, they're not really yours. The exchange may close or may get hacked or whatever. Take effort to create a wallet dude.

Crypto-capitalist

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Quote from: RSM0103 on April 07, 2018, 07:45:29 AM

Quote from: marksayson on April 07, 2018, 07:30:19 AM

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 safe to put it on the exchange, all exchanges have security measures to secure one’s investment, However it is more better to have a wallet such as Myetherwallet, Coinbase, etc. to be more secure and keep it safe. Remember just be more responsible with your private keys.

Yes, most problem start from the client. When they give private keys and private data to another people or put on strange websites.

cherryganda

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Quote from: marksayson on April 07, 2018, 07:30:19 AM

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.

As long as you are keeping your account information safe to the public, you are in good situation.
Just make an everyday look on your exchange coz some of it is announcing some tokens to be delisted on their platform.
If that happens and you are not selling or sending it to other exchange or wallet then its a loss.

bamboylee

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Quote from: marksayson on April 07, 2018, 07:30:19 AM

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.

I think you already know the answer, you just need confirmation.

No, it is not advisable to make exchange wallet as long term storage of your tokens or coins. If you are going to be a day trader, you need to keep your coins on the exchange wallet for ease of use. But if you are holding for long term, store it in a safe place or wallet. There are lots of kinds of wallet, not just android wallet. Find one that suits your need.

HTMLCOIN

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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.

bakujo0817

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Quote from: marksayson on April 07, 2018, 07:30:19 AM

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.

its not advisable to store your coin/token on exchanges because you dont control your private key if the exchanges got hack you could lose your coin/token theres so many android multi wallet out there that you can control your private key and you can use my https://www.myetherwallet.com for your erc-20 token to store your token.

ICO Lancer

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Quote from: marksayson on April 07, 2018, 07:30:19 AM

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.

Definitely safe, as long as your pc isn't hacked with keyloggers and so on.

Although it depends on the exchange, for the most part it is safe and some people keep it there.

cryptodv

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Only for a short time if you're going to be trading. If not, transfer the coins to your local wallet. You wouldn't want to take a chance on something happening to the exchange, look what happened to $NANO on Bitgrail. Undecided

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