Is it safe to put the tokens on the exchange? - page 9.

titan20

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Activity: 427

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Quote from: marksayson on April 07, 2018, 08:30:19 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 personally would not advise you to do it. The better option is to keep them in a wallet. There is a fair deal where stock exchanges are hacked and a significant amount of money is being stolen. My advice is to make a wallet.

athiftammam2018

jr. member

Activity: 224

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Do not even save your tokens in exchange because it will be very risky because the exchange is prone to hackers. If you want to withdraw in exchange alone is not a problem because the control of tokens in the exchange is still under surveillance by our own.

muddy waters

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Quote from: marksayson on April 07, 2018, 08:30:19 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.

Exchanges are regularly being hacked so you should keep your tokens there only when you want to do trading.
Why can't you just make a Myetherwallet? It will be much safer to keep the coins there.

tramadols

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CAT.EX Exchange

Quote from: marksayson on April 07, 2018, 08:30:19 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'm safe, I've never experienced the problem of storing my token in exchange, but the exchanges I used to use in trading. I make security for my exchange account in order not to be accessible by others. therefore I dare put my token in exchange. but if I choose to hold the long, I will pull it and save it in the wallet.

Kapee

jr. member

Activity: 182

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To me, i would not like and never cherish to put money on exchange. It was sad to hear that one exchange was hacked and many people lost their precious monies within a twinkle of an eye. It is either i keep my tokens in my wallet or i sell straight.

Jansaa

full member

Activity: 392

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Only when I exchange I put altcoin on the exchange! I never believed in trading platforms (to hold digital money)

calexander55680

newbie

Activity: 22

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SOmetimes is not even a hack, but their owners the ones that close the business and say "it has been hacked". That´s the problem in crypto, nothing is safe.

JoeBriggs

member

Activity: 158

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I think it's even better than using Myetherwallet, but of course you should use only very known exchanges, not any new or recently founded.

idex100

newbie

Activity: 224

Merit: 0

It is a very bad idea, exchanges are meant for making trade and not for storing tokens.Th can get hacked and you may lose your tokens as they may not be able to reimburse you for the loss.

WalkerIVIV

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Quote from: Roklepj on July 16, 2018, 10:51:03 AM

Individuals talk effectively. Try not to keep your cash on the totes of the stock trade, at any minute something can happen and you will lose your cash. It is best to keep on cool wallets from which you have a secret key.

We have learned from so many cases about that, coinrail, binance, mtgox and many more. They are all getting hacked and all amounts have been stolen by the hacked and it seems like for any reason to keep our amount in the exchange site is not a good idea anymore.

Wearegoodfrends

newbie

Activity: 238

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It is better not to keep large sums on the stock exchange. Remember or look for information on the Internet about the hacking of exchanges recently. Yes, it is convenient, but no convenience is not worth the lost money. Use the windows wallet version if with android problems.

Roklepj

newbie

Activity: 35

Merit: 0

Individuals talk effectively. Try not to keep your cash on the totes of the stock trade, at any minute something can happen and you will lose your cash. It is best to keep on cool wallets from which you have a secret key.

ligerti

member

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Yes, you can conduct safe transactions if you select normal exchanges. But you must remember the password. Because if you can not restore it, then just lose your tokens.

Stavri

sr. member

Activity: 980

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not at all. all centralized exchange platforms have big risks for traders. it is better to store your altcoins in hardware wallets such as trezor or ledger. and use them in a non infected clean computer.

pk lurah

newbie

Activity: 210

Merit: 0

I think personally if it is not safe to keep your coins in exchange for the long term. Better keep your coins in official wallet or hardware wallet.
So security is the safest and best way we can do to protect our crypto account and assets in it.

Nilupulie

newbie

Activity: 322

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If you do frequent trading exchanges are good to keep the tokens. But if the purpose is for a long time trading it is advisable to keep it in a myether wallet. Myether wallet (MEW) is a safest place to store the tokens and i also use Myether wallet (MEW) to store my tokens. For additional security you can install metamask for this and it is a google chrome web extension. It is important to book mark your myether wallet website and always log from there. Do not give log on from unrecognized websites since there are so many phishing websites.

mstfprcn

hero member

Activity: 700

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of course no, do you leave your money at the desk ? the best secure way of it, hardware wallets, buy a ledger or trezor and enjoy your dreams.

P.S: i am fuckin Mt.GOX victim.

bilbilon

full member

Activity: 392

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if you have a plan of making deposit on exchange make sure the big exchange out their like binance and bittrex and activate you full security like 2fa. but the best thing is get ledger wallet if you have a big amount. because we don't know what happen in those exchange in the future make sure to be safe.

BitcoinMarshal

hero member

Activity: 756

Merit: 504

Its never been good idea to hold your tokens in any exchanges because we have many incidents that many members lost tokens during keep in exchanges and many exchanges already have big issues with security because they have not enough development for this purpose so if you want safety of your coins then keep them in your own wallet

Q2kc

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Quote from: marksayson on April 07, 2018, 08:30:19 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.

It depends on what kind of exchanges and also it depends on you if your token is currently on exchange you need to put a two-factor authenticator or make it a 3 layer security to be more secured, but for me, exchanges are not advisable to put all your assets there because they are prone to attacks and thieves even if that exchange is very safe or secured for now there will be a possibility that it will be breach in the future so get a ledger wallet or put your assets to any hardware wallet

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