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 6. (Read 3036 times)
Exchange is very vulnerable to hacking.
But if you don't have a hardware wallet like TREZOR and Ledger Nano, then maybe it's better to save it on the Exchange.
Keep monitoring the Exchange that you store tokens so that when something goes wrong you can save your token.
But if you don't have a hardware wallet like TREZOR and Ledger Nano, then maybe it's better to save it on the Exchange.
Keep monitoring the Exchange that you store tokens so that when something goes wrong you can save your token.
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.
Exchange is not a safe place to keep your coins even if it has a security feature. Exchange is design for trading or exchange your coins. It is better to keep it in your own wallet and do a research on how to secure it.
The main idea of crypto currencies is a decentralization of money and payments. Thus in my personal oppinion, the best way to store you money/ crypto are wallets. Exchanges is only a medium of conversion. My oppinion in the future, that we are able to change between crypto currencies without the usage of exchanges, thus making the crypto fully decentralized. its just my 2 cents.
For now its better to store in your wallet and probably a small percent in exchanges for trading, buy, etc..
Smiley
For now its better to store in your wallet and probably a small percent in exchanges for trading, buy, etc..
Smiley
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 want to keep, please put it in the wallet. never think that exchange is a safe place, you can read news on the internet about exchange being hacked .. you can learn from that experience. however the wallet remains safer.
Yes I have run hundreds of thousands through Binance and Kucoin. I can vouch for those 2. Never had an issue. Just keep in mind this is a bit more risky than going to the local bank.
You can often see news that the exchange is being attacked by hackers. Cause the coin to be stolen. And sometimes the exchange uses coins in its own hands to trade.
Exchanges are meant for temporary holding of coins for trading after which a user have to send them back to the original wallets. Exchanges are always under attack due to the huge amount of money passing there. Once the security of the exchange is breached, tokens are stolen from the affect wallets on the exchange.
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.
no, there is no one suggest to put your invested token in an exchange, if you plan to hold it, its better to store it in a safe wallet. but if you do trading then its fine to store it on exchange. 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.
very unsafe, you should keep it in your wallet.The wallet is made to protect your coins, it will be very difficult to steal, but if in the market, I cannot guarantee its security. it's better that you immediately withdraw it
Of course,it is best to keep in your personal account in your wallet than on the exchange,as the exchange can close at any time and you will lose all your coins,so it is definitely best to keep the coins in your wallet,and on the exchange to display those tokens that you are going to trade
agree, it is like banks that uses your funds and when they screwed up, thats it, goodbye money, it is still best to have your wallet, you can have the power over your own funds, and play it by placing it to trading, tokens are somehow unstable, it depends on the trading sites if they can accept such token, even the stable tokens are not safe in exchange sites, one minute they are accepting you tokens and one minute, your tokens are worthless, better place it to more safer storage, that is your own wallet. just add more security features on your wallet like 2fa and unusual password.
Depends on the stock exchange, for example on Binance the chance that you will be hacked is extremely small.
It is not a good habit or an ideal action to store your tokens on exchange sites. For me it is much better to store them on wallets where it is much more secure than those exchange sites. There have been reports of exchange sites getting hack lately so it is much better to store your tokens on wallets to avoid losing them.
I PERSONALLY THINK IT IS OK IF YOU DONT HAVE ACCESS TO IT IN YOUR PHONE BUT MAKE SURE YOU HAVE YOUR PRIVATE KEY AND IT SHOULD BE SECURE ENOUGH.MEANWHILE TRY TO HAVE YOUR OWN 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.
With some dedication you can create a bunch of wallets and organize them on a spreadsheet so you don't loose track of them, I think it is better than just leaving them on an exchange.
Well I think at the moment when the methods of protection are great, I think the exchange can be stored, especially on large binance kukoin, only divided by all exchanges
When the transaction is complete you should withdraw the penny on your wallet
If you save your token in Exchange, I'm very risky disappearing. because there are so many exchanges hacked recently. like what happened in Korea and Japan. I think it's better to keep it in your 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.
There is always a risk of losing money (tokens), and you can store your coins on the exchange, but of course it's safer to store them in your purse from which you have a private key. Create yourself a MEW purse, and store your coins there. I think it is better if you can save it in your own wallet. We have experienced several attacks on exchanges. Best thing will be hardware wallet.
It could be more safe to save in hardware wallets than to online wallet just like from MEW. Yeah, truly hackers have used their expertise to track crack down wallet and get everything they found. That is their job and our job also is to protect our wallet from them.Also most important thing is that, we should take precaution when visiting site to be sure it is secured and the right one.
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