Safe to keep coins on exchanges?

[Mkmanik]

to keep all of what owned money or bitcoin in one place is too risky and lead to total loosing , so it is better to divided into different wallet exchange , online and local offline wallet controlled only by you .

well said.if anyone attacked by the hacker,then he might be lost all of his Coin. Its a huge lose. i will keep your speech in my mind.I am alwasys think about my wallet,so i set up 2FA and google authonicator.i feel safe now.no one can hack my wallet easily.

[Webb.Char23]

Not safe at all. You're trusting the exchange to keep your coins safe and give them back to you when you ask for them. We've seen exchanges run off with Millions of $$ in coins.

Also, if you want to take advantage of the BCC/BTC split I think Kraken is your best best. They will honor the BCC for every BTC you have. I don't believe Bittrex will. Good luck friend.

[Mindin]

Not safe at all. You're trusting the exchange to keep your coins safe and give them back to you when you ask for them. We've seen exchanges run off with Millions of $$ in coins.

Also, if you want to take advantage of the BCC/BTC split I think Kraken is your best best. They will honor the BCC for every BTC you have. I don't believe Bittrex will. Good luck friend.

They are mostly safe, in particulare the biggest that trade the highest volume are very solid exchanges that will not "run off with millions of dollars". Have faith in the system.

[ibuddy122505]

You should not believe any exchange, web wallets at all, it's completely dealing with high risk.  On August 1, if you want to keep your bitcoin safe, feel free to use the secure wallet, which has Private key assure you that they'll definitely keep your BTC safe.

get the better idea you may check out this topic: https://bitcointalk.org/index.php?topic=2017191.0

[marvinmtz]

It is always good to know....

[Prem.Soorajpaul]

Go to the Bitcoin Cash official website here:

https://www.bitcoincash.org/

They have listed all the exchanges and wallets which are supporting BCC. If you are using any of these exchanges or wallets, then you don't need to worry.

[maeusi]

There is besides the security aspect another reason, which could be argued against  keeping the coins with an exchanger: some exchangers like for example poloniex don't like that and demand customers to actively use their services. So, before you keep your coins at an exchanger for a longer period without activity, you should first read their tos.

[Mindin]

You should not believe any exchange, web wallets at all, it's completely dealing with high risk.  On August 1, if you want to keep your bitcoin safe, feel free to use the secure wallet, which has Private key assure you that they'll definitely keep your BTC safe.

get the better idea you may check out this topic: https://bitcointalk.org/index.php?topic=2017191.0

I would preferably stay away from webwallets, unless it is your only option. Take notice.

[apolok]

Hello all,

Hereby a newbie question (again)
I have coins on Kraken and Bittrex and would like to know if it is 'safe' to keep them there before/after the 1 august date as well.
I did read that cold storage and paper storage are the best, but what if i keep my coins and fiat on those exchanges so i can more easily buy/sell during fluctuations?
How would you keep the coins secure yet flexible to move around?

Thank you

exchanger is always risky.Hold your coin in core wallet.And if you have private key then your coin is safe.your exchanger wallet can be hacked or stolen.You heard btce.com? that exchanger shutdown their website.There are many reason why they shut it down.But many people lost their coin.Now they can not do anything.So try to keep your coin in core wallet

[Pumpkin]

Hello all,

Hereby a newbie question (again)
I have coins on Kraken and Bittrex and would like to know if it is 'safe' to keep them there before/after the 1 august date as well.
I did read that cold storage and paper storage are the best, but what if i keep my coins and fiat on those exchanges so i can more easily buy/sell during fluctuations?
How would you keep the coins secure yet flexible to move around?

Thank you

Hey!  Just be aware that while they are on Poloniex you don't actually have Bitcoin. You have a promise by Poloniex to give Bitcoin to you, when you ask. They might be better than you and keeping them safe. So evaluate the risks and decide for yourself, Bitcoin is all about the power to decide and the responsibility to decide well. Hope that helps!

[Blackmoon Crypto]

Hey Pumpkin, well said. In the conditions of anonymity and decentralization, everyone is responsible for himself.

[Pumpkin]

Hey Pumpkin, well said. In the conditions of anonymity and decentralization, everyone is responsible for himself.

Hey Blackmoon and thanks for your response..don't you think that the new frameworks could be a catalyst for cryptocurrency?

[Blackmoon Crypto]

Hey Pumpkin, well said. In the conditions of anonymity and decentralization, everyone is responsible for himself.

Hey Blackmoon and thanks for your response..don't you think that the new frameworks could be a catalyst for cryptocurrency?

It's still hard to say. The financial crypto market is very young and small. Let's monitor events and announcements.

[vfrcbv91]

I used to think that, Yes, but in light of recent events.... If you are an active trader, I advise you to move all the coins to their own wallets, so it's more reliable.

[LifeOfDoge]

Since I lost the most of my coins on Cryptsy exchange I dont believe to any exchange no matter what and I advice you the same.

[Pumpkin]

Hey Pumpkin, well said. In the conditions of anonymity and decentralization, everyone is responsible for himself.

Hey Blackmoon and thanks for your response..don't you think that the new frameworks could be a catalyst for cryptocurrency?

It's still hard to say. The financial crypto market is very young and small. Let's monitor events and announcements.

Hey Blackmoon. What are the best resources for monitoring and understanding the market?

[Blackmoon Crypto]

Hey Pumpkin, well said. In the conditions of anonymity and decentralization, everyone is responsible for himself.

Hey Blackmoon and thanks for your response..don't you think that the new frameworks could be a catalyst for cryptocurrency?

It's still hard to say. The financial crypto market is very young and small. Let's monitor events and announcements.

Hey Blackmoon. What are the best resources for monitoring and understanding the market?

I use news resources like Coindesk and social media feed of projects interesting to me. This is enough for me personally.

[babygun]

for the moment i only have 0.02 BTC , so i leave these coins at kraken.
For higher amounts i would use Trezor, like mentioned already here.

[bitcoinstress]

Trusting the exchanger to keep your coins isn't wrong but you shoudl think about the risk of saving coin in the exchanger because the control isn't under you.

[malikusama]

We can't say with surety that specific platform is risk free and safe because everywhere online risk involves. Better to keep your coins on exchanges just for trade and then transfer it to your own wallet, keeping coins in exchanges for long time is not safe at all.