Bitcoin Forum

Again we saw an exchange got hacked. There would be nothing to hack there if people didn't keep their coins on exchanges! For the love of Dog (lol), don't keep your coins on exchanges, start practicing safety, this is your investment we are talking about!

Sometimes you can not immediately sell your coins or tokens on the stock exchange and you have to take risks, although I think that all traders should know that leaving the currency on the exchanges is quite dangerous. It often happens that sellers put their coins or tokens at a fixed price for sale and if the buyer is located, the transaction occurs without the participation of the seller. This is quite convenient, so people will continue to risk, because wallets in the market are not very often and everyone hopes that it will bypass them.

People never learn of keeping off their funds on exchanges. They are thinking that the security of that exchange shall be enough to protect their funds.
But once these hackers started to go through the backdoor, all of these funds where off and gone through their pocket.
It's not bad to put a small amount to an exchange so you won't be itching the small transfer fees but make sure that it is acceptable if its lost.

Yes, it is one of the main rules in crypto. Exchange does not mean wallet. Better pay fee, then lose everything because of hack, scam or another issue.

Wallets are hacked more often than exchanges. Crypto market in general is an unsafe market, here at every step there is danger: it is dangerous to invest, the project can be fraudulent; it is dangerous to buy a crypt - it can fall in price, hold in a wallet is dangerous, it is dangerous on the exchange. To withdraw is dangerous. How terrible to live!

It really depends on what you plan to do with your coins, and how you will trade with them.
If your idea is just to hold, well, of course it's better to withdraw from exchanges and store them in a wallet.

But if your idea is to trade and try to get benefice from a pump or from a sudden raise, there's no alternative way but to keep them on the exchange, to be ready to sell them.

Most of the time, I have open orders for my coins that I keep on the exchanges.

I could not agree more. People need to stop taking chances for convenience sake. Maybe it's convenient to leave them on the exchange but it's totally not convenient to lose thousands of dollars.

If im not mistaken i think you are referring to coinrail exchange, i think the damage was not huge in that hack, the hacker was only able to takeaway some amounts of a couple of tokens and that too the exchange officials are investigating and soon they will catch the hacker and recover the tokens hopefully, secondly i do agree that we should not store our coins on exchanges, personal wallet with private key is the way to store.

Some prefer to keep altcoins on exchanges. This is very convenient, as modern trading platforms support dozens and even hundreds of different altcoins. However, this approach has many drawbacks, because the user has to trust the funds to a third party.
Most crypto exchanges are not insured against hacking. All this jeopardizes the safety of funds, and sometimes you can temporarily lose access to funds because of technical works or interruptions in the work of the service. Therefore, users who do not sell large volumes on exchanges should consider other options for long-term storage.

Every exchange, though it is one of the biggest or trusted exchange are hacked, it become very ordinal thing in the eyes of investors. The decentralized exchange volume will probably make 1000x next years. Hodling oax is so good decision for me  :)

This is something that shocks me every time I see people losing large amounts on an exchange, every single coin I've bought spends as little time as possible in an exchange. Until they are safe and secure away from the exchanges I can't rest.

It's a real shame we have to be so safety conscious but in the crypto world you need to be mega careful with your coins and ensure they are secure at all times.

That's true only exchange, when you are trading your coin and after you bought some coin, withdraw it asap in your wallet or if you are going to trade and wants an early bird don't pour all your coins, better be safe than sorry, so many hacking has already happened and this will not be the last, hackers are getting better nowadays

I don't know why people keeps on doing this although there are many warnings what will happen on doing such and also there are many example that they lost their funds. Exchanges is not liable if ever your funds are lost. They told you to not do so because it still have vulnerabilities.

Yeah it is an unfortunate event. It is not 100% safe to leave your coins or tokens on centralized exchanges unless you are planning to sell them immediately.

Long term HODLing for sure, but many people like to day trade so have no choice but to have their Crypto on an exchange.

saving coins on an exchange is a stupid thing, it's very dangerous, it's the same you give someone a chance to take your coins, many people put their coins too long on the bourse and eventually their coins are gone, remember! do not put your coins on the exchange too long, you better put them back in your wallet.

But with the recent incidents of exchange hacking this only gives an idea that every exchange can be hacked even the most secured ones. Day trading is popular but they have to make sure that after they trade, they must pull out and move their funds somewhere which is more secured like a hardware wallet or desktop wallet where they have full control of their funds. I guess laziness is what triggering others for letting their coins sleep on exchanges and they trying to avoid fees, I feel that way either.

This is correct. It's unsafe to keep your cryptos for a long time in an exchange because everything can happen and your money will be stolen, we should be careful of keeping our money there, the best thing is to withdraw our winning in just a few days at the maximum. Why there is some web wallet? web wallets and hardware wallets are for saving our bitcoin with a high security and exchanges are for trading not for saving our money, keep that in mind guys.

It is understandable that some people that trade everyday keep their coins in exchanges but I think that if people really care about their coins it will be preferable that at the end of the day they send their coins to an address of which they are the only person with the private key, yes it is true that you are going to spend more on fees but it is better to lose some fees than it is to lose all your money.

I really hope that some exchanges would offer multiple wallets that are really offers high security features and one factor that i really love on exchanges they are easier to use and trade it once we got log on our account.

Always sage advice, having control of your own private keys is essential to minimise the risk of hacking. At least you can do everything to protect your own investment and not rely on an exchange to keep it safe. I tend to keep some of mine on exchanges for quick trades, but the majority are tucked away on cold wallets. I don't personally have an account on Bithumb, but $31 million was a good sized haul for the hackers.

Do you love DOGE coins? It is risky to store cryptos on exchange floors, and you can easily lose the number of cryptos you have. So if you shop on exchange floors on a long-term investment then store at hardware wallets such as Trezor and Ledge Nano S.

The thing is that cryptocurrency newcomers, and the majorty of people in the cryptosphere, find exchanges (and even web wallets) way more user-friendly than hardware/desktop wallets.

And it's obvious (at least for most of us since we've been in the cryptosphere for quite a while now) that exchanges aren't safe, but let's be honest, how many people actually care about safety nowadays? all they want to do is invest and make money, that's what the majority wants to do, and most people don't even keep up to date with cryptocurrency news so I doubt they'll ever know the consequences of keeping ALL your coins in a exchange.

I don't know why people are so stubborn. Keep your coins safe and away from exchanges. If you are not trading then there is no reason why you should leave your coins hanging in the exchange knowing fully well that exchanges are major targets of hackers

The rational for the argument is typically something along the lines of wanting to have the coins in the exchange so that they're able to make use of the market swings and don't get caught waiting on a transaction to go through while the market rises/crashes. It makes sense in a way, but it's not very intelligent when you consider the risks involved, as we have seen recently.

Of course, it is better to store cryptocurrency assets on official wallets or cold wallets. But there are situations that some platforms are not very convenient and secure wallets, so people are forced to store part of their assets on the exchanges.

yes bad news that keeps coming like this really makes the price of BTC is also getting worse, but if there is no balance in our exchange account, how will trading still running? how will the volume rise if there is not something to trade?

more people are actually saving their coins / tokens on exchange in order to instant sell, but if all accounts have no balance so, the volume are dead. and also those exchange wouldn't be interesting.

This is why i don't keep my coins on the exchange just spendable amount. However we can't avoid storing our money out there since we're doing trading we might cashout all the money once we got profit but as a day trader moving those coins and send back to exchange everyday it'll be charged a lot, so the only way is using decentralized exchange.

It is difficult to sell if a quick pump happens and you alts are still on some other wallet, but the risk of letting your coins sit in an exchange js still far more dangerous than just being late to a pump.

I really don't rely on exchanges, I keep my funds on myetherwallet and hardware wallet- You must know that there are several DDOS attack on exchanges- We need alot of exchanges that will fund our crypto coins.

What exchange are you talking about? If you are referring to Poloniex, and this probably applies to any other exchange, all you have to do is comply with the rules (sadly, rules like KYC) that they stipulate. As long as you follow these, keep your account active, then you should have less reason to fear exchanges.

Personally, i am KYC-ed on all of the exchanges i have my money on. My portfolio is spread across 3 big exchanges and has been for a year now. No problems here.

But for trader it will make more easier when doing daily trading. I hope that in the future there is Exchange site which that which has a security system such as online wallet.

I think that all traders should know that leaving the currency on the exchanges is quite dangerous. :-\

That's right don't keep yoir bitcoins in an exchange. Hackers found a way into attacking your money in an exchange. You should be more careful and wise to not let your money stay in the exchanges.

i never put my coins in exchanged sites but sometimes i leave some of my coins but not much only the amount i can afford to lose. there are many exchange got hack this will be a lesson to them to never put coins in exchange site. if possible make multiple wallets to separate your coin in case it get hot the others are safe.

I think it comes down to a combination of laziness and people trusting the exchange too much, maybe wowed by its slick interface.

Sometimes it takes a lot of time to get all your coins out and into seperate wallets, so it's just easier to leave them in there, thinking it will not happen to that exchange.

Id have to agree with this. It is not safe to keep coins in exchanges. A lot of hacking has happened i hope this will open the eyes of everyone. Keep your coins in hardware wallets or cold storage to keep it safe. I don't think the hacking will stop. They will keep trying until they get all.

How to, not to keep your coins in exchange if you are selling or buying coins on it. Ofcourse for you to get good profits you need to stay your coins on the exchange and do day trading, we cannot predict when the hacker came to hack the exchange, meaning the exchange didnt have a good security because they got hack. And traders suffer that fault from exchange.

I am thankful that there are post like this to raise awareness to new traders just like me. I know that there will be more transaction fees if we are going to transfer back the money to our wallets then transfer it again to exchange if we are going to trade again, better to have additional transaction fee than lose all your coins/invest in an exchange because of this shit security. We can never know if this is an inside job or what but I think this is the only best way we can do to keep our tokens safe.

I think your suggestion is quite right, not keeping your coins in an exchange is a very good idea because hackers get interested when they know that there is many so much money in store in an exchange. So we should try not to keep our coins in exchange instead we should keep them in safe wallets.

I followed some of this thread and it really matters for us people in crypto space we need to avoid storing our crypto coins on exchanges better get a hardware wallet that will keep your coins safe.

The amount or stories of hacks and thefts of funds is staggering in the space. I'd say ALWAYS get a hardware wallet, its the inky way to have complete peace of mind!

If you are heavily invested in crypto, its always better to invest in a hardware wallet and use it for storing your coins. I personally prefer Ledger, however, Trezor works great too. Choice is yours, invest wisely, keep your coins, private keys safe. Never trust an exchange just because its big. Hacks happen on big exchanges.

For the love of your hard earned money you should not keep it in exchanges in the reason that they cant guarantee security of your account you entrust to them.

This is our fund and this is our choice but remember they can't do anything if they are not sending their coin to the exchange site. But to secure our amounts after used it to trade and it may better to send back them all fo the our private wallet again. I guess this should become an obligation for everyone

in my opinion, if it is better to keep the cryptocurrency assets in the official wallet or cool wallet. But there are situations where some platforms are not very convenient and secure, so people are forced to keep some of their assets on the exchange and If you do not trade then there is no reason why you should leave your coins hanging on the stock knowing fully well that the exchange is the target main hacker.

I think it's OK to put our coins in exchange, as long as we could keep an eye on it every time.
But if we can't then it better to safe our coins in our personal wallet.

Very amazing advice you have here, keeping your coins in an exchange is not very safe practise because many exchanges are potential targets of hackers. I think it's very necessary to keep your coins in a private and well protected wallets.

Good day. Been using Etherdelta by the time it was hacked luckily there's a withdrawal option to withdraw funds even if you're can't open the site. I was able to secure some of my precious altcoins. I don't leave my coins there again. Been using Idex now due to coins gets listed there fast just after ICO. But since the news of another hacking, I decided to withdraw my coins there too. Better keep in my wallet for the meantime since trading is a little bit slow due to the downtrend of ETH and BTC. It would be painful to lose hard earned coins.

This is the risk mate, how can you trade if you don't have the coin on the exchanges. Its true that's exchanges nowadays are not safe because of the current hacking issues, But I think if its a big exchange I still your funds are still safe with them. Don't just put everything in the exchanges learn to secure some profit and again trust on the exchanges you are using, they will get even better soon.

I support your statement, do not store your coins in exchange, place all assets owned in the wallet safe and only you have access. Who wants all his assets taken by irresponsible people and lost everything

yeah you're probably right but most investors who keep their coins on exchanges they using a big Volume of coins of course to make a big profit and that's the hardest thing to do because they are keeping there a big amount of money.

No matter how many times this is said or posted on this forum most of the people are still not going to follow this advice. They are just too lazy to download the official wallets of the respective coins and withdraw to it. Also the wallets taking time to sync and the exchanges charging heavy withdrawal fees are reasons why many people avoid withdrawing their coins into their own wallets.

There are reasons behind it, they want to stay it on exchanges so whenever they want to day trade there's no need to send from their wallets to exchange.
They can also be irritated with the fees so instead of keeping it to the wallet and transfer it from time to time, they just let it stay.
And the last thing is they are trusting the exchange that much although we have reminded them all that don't let your coins stay to an exchange, it's very dangerous and not recommended.

I've encounter so many people that thinks saving up their coin in the exchange site as the most convenient way, they said that you can trade it an instant. But when something bad happened like what happened to Mt.Gox people will start screaming and want their right to the asset back.
Just for the sake of security they gladly giving away the security they have, kinda really absurd.

I think who have alternative option to keep coins somewhere safe, will not keep their investment in any exchange now onward. It is being unsafe day by day. And people are loosing their money and in future it will be a big issue for the traders if safety for exchange is not assured.

On exchanges you can keep your coins and money in small quantities, as anything can happen and you can lose everything, so be careful.

This cannot be stressed enough, a lot of people seem to use exchanges to save their coins instead of putting these coins in their wallets, they do not understand that this is very risky and they run a higher risk of losing their coins if they store it in an exchange instead of a wallet, if the exchange gets hacked, you can lose all of your coins

A reason people do this is because of when they trade quite regularly the withdrawal/deposit fees can be quite high and eat into your profits - i think that's what makes a lot of people just keep their coins on exchanges.

Though as a rule of thumb, personally i'd only ever keep an amount on a large well known exchange. Even that's not a guarantee, Mt. Gox anyone?

The problem with this is that cryptocurrencies give all the power back to the people, which means that we are 100% responsible for our own security and people are too used to rely on others to do that job for them and then they are surprised it is impossible to recover their money unlike what banks can do if you get hacked, so people need to inform themselves better about the ideology behind cryptocurrencies before they invest.

I think keep your coins in the wallet hardware or cold storage to keep it safe. I do not think hacking will stop. They will keep trying until they get everything. and we have to agree with this. Unsafe saving coins in exchange. A lot of hacking has happened, I hope it will open everyone's eyes

I agree with you. Keep crypto currency for long-term storage on the stock exchange. But this option is not suitable for crypto-currency traders, since they need to have the crypto currency always on the exchange. Therefore, crypto-currency traders need to partially withdraw their funds from the exchange.

Yes, it is not safe to keep your coins or tokens in exchanges for too long. But, it may be quite difficult for the long term traders who may need to set a limit order while waiting for the order to be met. I think this is one of the major reason you will always find coins in exchanges.

That is the risk they have chosen to take, cryptocurrencies are meant to be held for you and no one else, if someone else has access to your private key then you do not own any coins and leaving your coins in an exchange means that you are basically trusting that exchange to secure your coins in your name and as we have seen many times already most of the time their security is not enough to protect your coins.

Times without number has it been mentioned that people do not keep their coins on exchanges yet they do not listen. Exchanges are not an alternative for wallets, if you are holding your coins for a while and you are not trading the coins then you should transfer those coins to your wallet and keep them safe. Your coins are not safe on exchanges

I keep only the coins that I have in my investment portfolio on the stock exchange. In addition to the password is also authorization through FA2, so you should only be afraid that the exchange itself will go bankrupt. And the other coins are on the Ledger.

People are thinking that the security of that exchange will be enough to protect their funds in real time. But it is not true, you can be hacked in every moment even by now. For long-term storage you must creat a wallet and keep your moneythere.

I think who have alternative option to keep coins somewhere safe, will not keep their investment in any exchange now onward. It is being unsafe day by day. And people are loosing their money and in future it will be a big issue for the traders if safety for exchange is not assured.

I dont have any choice because my purpose is to trade that coin to maximize the profit, and to be more safe i have been use more than 5 different exchanges and put my money in to each 20%, this is way to minimize the risk for issue of hacking on the exchanges.

The best thing to do is to keep your coins in hardware wallets. I am sure that it is safest place for keeping your money untouched. But even such wallets can have security problems as I have known recently.

That's among the first rules people have to read before join crypto.

Never give yout private key and never store your coins/tokens on exchanges. The most of exchanges are centralized, it means that you (crypto holder) haven't the private key of exchange address. If the exchange closes (scam or other reasons) you can say goodbye to your funds.

Bancor exchange get hacked, and i dont why decentralized exchange also easy to hack. I dont have any choice because i want to trade all my coin, high volatility of crypto is not profitable to hold any coin. Only by use several different exchange we can reduce the risk of hack of exchange.

I see most of the trading floors are quite safe. Some of the hats are going on, but it's not as much as hacking in the free wallets that the publishers offer

People keep their crypto currency on the exchange, as they trade it on a daily basis. This is the main reason why people do not transfer money to cold crypto currency wallets.

Sometimes you can not immediately sell your coins or tokens on the stock exchange and you have to take risks, although I think that all traders should know that leaving the currency on the exchanges is quite dangerous. It often happens that sellers put their coins or tokens at a fixed price for sale and if the buyer is located, the transaction occurs without the participation of the seller. This is quite convenient, so people will continue to risk, because wallets in the market are not very often and everyone hopes that it will bypass them.

Why we should keep security tokens on exchanges if they can allows us to earn shares from company profit in future?!
I invested in Organicco project and will keep ORC tokens in my balance on website to earn more and more easiPayer coin in future.
You can do it now, this is their ANN thread: https://bitcointalk.org/index.php?topic=3379079

sure. always its safe to use a wallet which you control private keys of crypto assets. so you can keep the private keys safe and you will be happy. always exchanges are risky. just use exchanges to do day trading

After the recent security clutter, it's hard to imagine that cryptocurrency became the technology of the future. Perhaps the safest way is to store in the hardware wallet.

yes sure, very risky if someone keep their asset on exchange, the most appropriate thing is to save all personal trumpet assets, many bad experiences from some people who keep their assets in exchange, so start now be careful. consider your assets well.

If you will not let your token or coins rest at any exchanger.
how can you set a buy or sell wall then?
hackers do hack exchanges but not our wallet on the exchange.

Yes, I agree with you. It is always better to store your coins on wallet from which you have a private key. On the exchange, I keep my coins with which I want to trade or shortly sell. Otherwise it is very unsafe to store all your money on stock exchanges.

For me that is somehow true because the in order to have a huge income you should wait for a longer period of time and wait the perfect time to sell it in order to obtain a huge income here in crypto.

You are right, keeping coins in exchanges is not a good way of storing coins. You do not own the private keys of the exchange wallets and does not have much control over it.

I think it is better or used your investments as securities for your great future your excellence is the key to obtained a huge money
that you can used in your own future and for the community.

I concur with you. Keep cryptographic money for long haul stockpiling on the stock trade. In any case, this choice isn't reasonable for digital money brokers, since they need the cryptographic money dependably on the trade. Hence, cryptographic money brokers need to in part pull back their assets from the trade.

Cryptographic market has many risks: fraudulent projects, hackers ... The best way is to protect yourself. Money on the exchange is also vulnerable to hackers. When I joined the deal, I was nervous until my money was transferred to my wallet.

I whole-heartedly agree with you but I would say it's easier said than done especially when you HODL like 30+ coins/tokens. It's a big PITA to download a wallet for each one of these coins, and even if you have a LEDGER or one of these 'universal' wallets, chances are you're still going to have to download individual wallets, especially for some of these smaller cap projects that will likely never get support on these universal wallets. I would definitely recommend removing coins off of lesser-known exchanges because then you're asking to lose your coins (happened to me with Raiblocks/Nano, got screwed big time by Bitgrail) but when it comes to the bigger ones like Bittrex and Binance I honesty think most people have nothing to worry about. Lastly, I'd say with BTC, LTC or ETH, or anything you're heavily vested into for that matter, yes that's a no brainer to move them off exchanges, but any other relatively small investments on more popular exchanges you can probably get away with just keeping them there until you're ready to sell.

indeed it is, it would be better if we menyimpat our digital assets (coin) in a private wallet, not on the exchange, because it is very risky if the exchange has been hacked

If you are there in the world of the crypto currencies and that you are planning for long term investment of money, then it is better to keep your coins in your own wallet instead of keeping them on any of the exchange. There are so many hackers and scammers around which are constantly looking for the ways to grab your money and you need to stay away from such kind of people to stay safe.

It is funny in a way to see how people have been given the chance of not having centralisation but they are so scared that can't leave it just yet.

Following your logic, there would be no robberies at all, if people at all didn't possess any valuable things  :D
Maybe it's rather the problem of the exchange that did not take enough precautions to protect the people's savings?
I also assume that hack attacks could be successful because of leak of data from the owners of the exchange..

I take the coins after the sale. But I have a small amount on the account on the stock exchange. I think it's reasonable.

as I would like to think, on the off chance that it is smarter to keep the cryptographic money resources in the official wallet or cool wallet. In any case, there are circumstances where a few stages are not exceptionally advantageous and secure, so individuals are compelled to keep a portion of their benefits on the trade and If you don't exchange at that point there is no motivation behind why you should leave your coins holding tight the stock knowing completely well that the trade is the objective primary programmer.

Yeah, lots of good wallet options out there.  As if trading wasn't risky enough, you have to worry about hacking or exit scams.  Still, if you're in the trading game, it's kind of a must to leave some amount of coins on exchanges to be able to do what you need in a timely manner.  I only trade with a small amount of my bag ever, and often it will be on 2 different exchanges until I've done what I need.  Then back in the wallet unless I'm continuing to trade it...very rarely do I ever have an amount that's not tied up in an order on an exchange.  Stay safe everybody!

indeed great risks when you save coins in exchange. Because this time the hackers are also increasingly sophisticated. could even be breaking into your account in the exchange. We recommend that you store in a place indeed is completely safe from hackers. You need to be alert to these things.

I don't know what exactly to say about this, but I don't think saving your coins on exchanges are that bad. Maybe it is because I store mine there, but they are just as safe or risky as the wallets themselves. If exchanges can be hacked, wallets can also be hacked. We just hope that the system is strong enough not to get hacked, and keep our details safe.

Thats not entirely true as the chances of losing you money by an exchange getting hacked is much higher than your wallet getting hacked. In addition, it adds the dubiously of the exchanges themselves, so out of exchanges vs the wallet, the wallet is by far the safest.

I took after a portion of this string and it truly matters for us individuals in crypto space we have to abstain from putting away our crypto coins on trades better get an equipment wallet that will guard your coins.

Well yeah taking risk is part of life but one needs to be safe at the same time by being wise, getting hacked and losing coins can be costly so wouldn't you rather play safe by keeping your investment safe by letting them sit in the wallet

I myself had an unpleasant situation when hacked account on the exchange and brought $ 2000 I was lucky that the account was not verified and more they could not remove.

I agree with what you say. It would be better for you to make good security with coin coins that you have in your personal wallet. do not store it in exchange because there are many hacking cases at this time.

I don't think that there is anything wrong with keeping your investments in the exchanges though. I think that there are safe enough, and the probability of either them or your wallets to be hacked are the same. Be sure to keep your passwords and other personal info safe and indeed personal, then you are good to go.

but if it is to be traded every day it is suitable to be kept on the exchange.
and after trading, immediately return your Bitcoin to the offline wallet.

so that your profit is there and your Bitcoin is not stolen.

so far I have no problem storing altcoins on several exchanges, I think by making security that is tight enough to make it more protected. I have bitcoin and altcoin on hitbtc and binance. there is no problem until now I have kept it for almost a year.

yes of course, securing assets that we have is very important. it's useless we work hard if we ourselves can't secure the assets we have. therefore extra security needs to be done to avoid hacking.

pretty hard not to keep coins on exchanges if you are a trader..we all know what we need to trade coin to trade..no one is immune from the collapse of the exchange( I agree that not all the capital is there to hold and you have to be smart to choose a place to trade

Yes, hackers will choose to invade the exchange, but I think it is safer to choose the top exchanges, such as Firecoin, OKEX, if it can be safe in your own wallet.

It is a very good point. Exchanges got hacked and sometime beyond hacking, there is the issues of traffic that makes the sites to become slow. The truth is that say for instance I buy coin from the exchange, I dont see any need transferring to my ether wallet because that will mean transferring it back to the exchange before i will be able to sell. All these will cost extra charges at my own expense. We should just pray for good and strong hack-proof exchange sites so we can also have peace of mind knowing our investment is safe. That is why we should support promising and upcoming exchange platform with good project in this regard. one to look out for is Ruby-X among others.

Well it might sound too dumb but I have been also storing my coins in exchanges wherein I was almost got a heart attack when the news about a hacked exchange market. Luckily my coins were not stolen since it was stored as a not so valuable token.

I'm going into a little bit of a HODLing pattern after doing pretty well on exchanges....taking my earnings out tonight until the next time I want to try to swing some trades.  It was fun and I might miss out on early action by not having my coin on the exchange, but the risk is just too high with everything I've seen go on.  Be safe out there!

Now and again you can not promptly offer your coins or tokens on the stock trade and you need to go out on a limb, in spite of the fact that I surmise that all merchants should realize that leaving the cash on the trades is very perilous. It regularly happens that dealers put their coins or tokens at a settled cost available to be purchased and if the purchaser is found, the exchange happens without the support of the merchant. This is very advantageous, so individuals will keep on risking, in light of the fact that wallets in the market are not all the time and everybody trusts that it will sidestep them.

LOL People have always been told times without number that they should never keep their coins on exchanges but they never seem to be able to listen to the voice of reason. If exchanges get hacked it is the users who keep their coins on the exchanges that lose their coins since exchanges don't have as much security as wallets so transferring your coins out is easy.q