Unfortunately my experience in that sense is very bad, which is why I personally would not recommend trusting exchanges too much as a safe way to keep our cryptos or tokens, because in reality you do not have the real possession of your cryptos since you lack the private keys and at any time, if a hacker, a financial authority or the same exchange decides to block your account or take your cryptos, you can do little about it.
I already suffered it with Poloniex, then with etherdelta and this weekend with cryptopia, for which I am making every effort to obtain the corresponding wallets for each crypto, even if it requires more effort.
Topic: Is it safe to put the tokens on the exchange? - page 5. (Read 3036 times)
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 plan to do trading then its fine, but if you want to do long term trading or holding, its better to store it to hardware wallet like trezor or nano ledger. it is better than using online wallet, it is too risky. 
I don’t think it is safe to keep your coin in exchange wallet. You are better off managing your own coins in a wallet you control the private key.
Unfortunately my experience in that sense is very bad, which is why I personally would not recommend trusting exchanges too much as a safe way to keep our cryptos or tokens, because in reality you do not have the real possession of your cryptos since you lack the private keys and at any time, if a hacker, a financial authority or the same exchange decides to block your account or take your cryptos, you can do little about it.
I already suffered it with Poloniex, then with etherdelta and this weekend with cryptopia, for which I am making every effort to obtain the corresponding wallets for each crypto, even if it requires more effort.
I already suffered it with Poloniex, then with etherdelta and this weekend with cryptopia, for which I am making every effort to obtain the corresponding wallets for each crypto, even if it requires more effort.
That seems safe. But if the exchange you use is closed then all I think will be lost. So it's better to use a wallet just like ledger to store your store and don't keep it on the exchange for a long time. Because I think storing there has a risk.
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.
Unless and until you lost your private key hacking would be difficult. And safe too. But you should choose best wallet to hold your coins. Now a days hacking increasing so keep protect your wallet.
Surely it is not safe, we know a lot stories when exchanges were hucked, same dtories with hucked wallets. I know only one safe method to safe your rewards - it is diversification, in other words share your tokens between several exchanges.
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 your plan is to stored the tokens for a long time, then it's better to put all your tokens on your own wallet not on the exchange because you never know what will happen to the exchange in the future. I mean, there are many case about exchange get hacked or the worst the exchange turn into scam. hero member
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I think it is safe to put the tokens on the exchange as long as we can keep our private keys and we can trade directly for the token that we have. besides that, we can see the token price and we can decide to hold for a while or sell to get the ethereum. be careful to keep your private keys because many people have lost their token because they don't save their private keys.
It depends on the exchange. If we say about big famous exchange like Binance, Huobi, OKEX, we could say that it is relatively safe cause they value their reputation and return investments after hacking.
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.
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.
There are many fake exchange android apps in play store please justify using exchange android apps.Because most of the exchange released their official apps for android/ios user.You can put the token in big exchange then there is no risk.I used binance android official apps and it downloaded from their official website.It's always better to download the app directly from the official website than in playstore I guess unless you know how to figure out the original app.
Actually it is safe if you store your crypto currency token in exchange. But I suggest you better make a wallet and save your crypto currency in the wallet. It will be safer and your mind will be calmer of course. I recommend that you keep your crypto currency in exchange if you have active buying and selling mobility in crypto currencies. You can store crypto currencies in exchange if you use them for trading.
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.
There are many fake exchange android apps in play store please justify using exchange android apps.Because most of the exchange released their official apps for android/ios user.You can put the token in big exchange then there is no risk.I used binance android official apps and it downloaded from their official website. 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 what exchanges you are going to store your tokens. If the exchanges you have chosen has a reputation or something in a top 20, maybe its safe to say that your tokens will be guarded well as long you wont make a mistake in dealing in a certain transactions.
It's better to store your token in hardware wallet or big exchange. A small exchange might not be safe in the future for the bear market.
It is not good to keep coins in the exchanges but some exchanges will charge a high fee for withdrawing the tokens that's why many people keep their coins in the exchange but people who afraid will withdraw their token to concerned wallets.
if you are going to trade constantly, it's better that they are on the stock exchange, if you just keep it and you can also on your wallet MEW
It's too dangerous to store tokens on the Exchange, especially foreign exchanges whose head office is far from your home.
Maybe it's better if the Exchange's head office is in your country, so when there is an error, you can go to the head office.
Maybe it's better if the Exchange's head office is in your country, so when there is an error, you can go to the head office.
May have to be more careful because saving money in exchange, of course, will be more at risk. And this news we often see that much money was stolen. Better you don't long saving your money in Exchange.
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