Is Binance safe to store cryptos?

[Omnopon)]

Never dare to leave on the stock exchange, the risk though is small, but it is better to be save! Despite Binance is a good one.

[SalmanMJ9]

I think it depends on your goals and plans, if you're a daily/weekly trader it doesn't make sense to store it somewhere else. If you're a long term investor then get yourself a wallet )

[gempil]

Which must be kept in a personal wallet.

[quality.crypto]

From my point of view, no exchange is safe for storing the coins but when compared to other exchanges now Binance exchange is the good one to store coins but you need to do verification in order to withdraw more money from Binance.

[HotHot143]

Are my funds is safe with Binance?

funds are safe only when you hold the private keys for your coins

Thanks. Will make more secure with my private keys from now on.

[ss10miner]

better download a wallet and put your coins in it. it is not safe to store cryptos on the exchange because it is the goal for hacker.

[Malam90]

I think Biance is safe now but be remember, nothing in the virtual world is safe as hackers are more sophisticated.

[benmartin613]

Is it safe to just store the coins on the exchange?

No its not safe, exchanges may be hack, lock your account (if they find something shady) or just run away with you coins, binance maybe good for now but not always.

That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?

No, it doesnt change a thing, when a hacker hacks an exchange it can move free all the coins that he wants without the regards of security features.

[lenj]

Well, first i would like to say that binance is good and reputable exchanger so store money in altcoin would be safe there.
But if you want just for storing better you have own wallet that you own the private key because its more safe. Store money in any exchanger just for trading. If not better store in your own wallet.

[Ten.technology]

There is no guarantee whatsoever so give yourself a layer of defense before attacking

[CryptoIntegrity]

Binance is safe just that it is better if you put it in a paper wallet

[Lanatsa]

There is no guarantee whatsoever so give yourself a layer of defense before attacking

There would really be no guarantee which i dont really rely too much on each sites security. Vulnerability would be always there.

Binance is safe just that it is better if you put it in a paper wallet

I dont know on where you do get this idea which exchange wallet is much better on paper wallet. Seriously? You are saying the reverse thing on here. Any wallet that are on 3rd party is never been safe knowing that you dont have the access on your wallets keys.

[thycrypto]

I would not store on an exchange unless you are trading or waiting to buy something. I hold everything in cold storage. It is the safest way to store all crypto. Exchanges are very vulnerable. It is a major target. Cold storage like nano leger is the best option for crypto. You can find it online.

[CyberR.]

See, Binance is a relatively new Chinese company, created by experienced professionals in the cryptocurrency space. Initially I had some resistance using Binance and to believe its trust worthiness as its headquarter is based in China however, after extensive research and making deposits and withdrawal,
I can now say that’s it’s much more better trading platform than its peers I have used so far.

Their website is simple and user-friendly. Its easy to navigate through balances and deposits&withdrawals supported by Duo Verification Security. This makes it extremely safe to use.

[jim2007]

Ive just started with Binance and over the next month I shall be investing a bit and also share a similar worry long term.

Can anyone give me a link or advise where I can find about how to transfer onto a Nano Ledger? and how you transfer them back out if you want to sell?

Thanks

[carlfebz2]

See, Binance is a relatively new Chinese company, created by experienced professionals in the cryptocurrency space. Initially I had some resistance using Binance and to believe its trust worthiness as its headquarter is based in China however, after extensive research and making deposits and withdrawal,
I can now say that’s it’s much more better trading platform than its peers I have used so far.

Their website is simple and user-friendly. Its easy to navigate through balances and deposits&withdrawals supported by Duo Verification Security. This makes it extremely safe to use.

Same experience on this new trading/exchange site. I love their UI/UX which it is somehow user friendly and the thing I do like is on its security which I do somehow feel more secure compared into other sites but the thing on my mind on possible exploits or hacks cant really be avoided this is why no matter how good it is I don't really have the confidence to store up huge amounts and leaving my coins on any exchange no matter how good they are.Better to be ready than sorry later on.

[fredlox]

Same feelings for me

[anandgeek1]

Yes, I am sure that Binance is one of the most reliable exchanges. I keep my coins there and I am sure that they will not be lost.

[Minecache]

I trust this exchange. To ensure that you have no doubts about reliability, install two-factor authentication. This will greatly enhance the safety of your money and increase the withdrawal limit. But you must always follow the main rule of investor - don't put all your eggs in one basket.

[Nikolangeles]

I have nice feeling with Binance I used to this exchange since october.