Is Binance safe to store cryptos?

[genolica]

Binance is used to store your cryptos, while you are active in doing such trades. But if you are not selling or buying anything for a while, it is safe to look for a secure wallet that especially ones that complies with your locality because exchanges are not-so-good in storing your cryptos, hacking is possible. 

[Carmen01]

Base on history binance is one of the best exchanger here in crypto with 2fa so for me it safe and i think many users will use it if you do investing because there's a lot of coins that you need for your own profit another thing i think don't stock only or use only one exchanger i say use different kinds of exchanger here like poloniex and mercatox.

[Ralph1075]

Binance is 101% safe to store cryptos of any kind, Binance is my number one exchange site which i use for all my cryptos.

[redwhite037]

No exchange keeps money safe. You should download a personal wallet. and keep them there, make sure your computer is clean. The exchanges will often be hacked for some reason and you will lose your money.

[smartsan]

yes it is safe.Better to go with hardware wallet because it is more secure than the binance..

[conkeconke]

Hello!

I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? 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?

Thanks!

Not safe, not in exchange. Like if could gone down and all your fund would be lost.

[HunterM]

Hello!

I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? 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?

Thanks!

It is safer to store coins in purses, not on stock exchanges. Exchanges are often exposed to hacking, and even more often they simply close, no matter how large they are. There are plenty of examples. Therefore, it's better to keep on your purses, it's best to use cold wallets

[Praskatoon]

I believe this is one of the safest places to hold your coins..

[BTC-BTC-BTC]

No exchange is safe for long term storage. They are hot target for hacking because they are loaded with BTC and other alternative coins. If you are in for short term and want to trade is better just keep them on binance.

[oleb84]

Right, hang on. I'm still getting my head around the world of crypto investing...

If I'm buying multiple different coins monthly and looking for both shirt term gains and long term gains, what should I do?

I'm using coinbase to store my main coins such as Ether but then using binance to move money around.

What's the best thing I can do?

In about 6 months I'm aiming to have about 2-3k in trading coins.

[lovesybitz]

I am saving alot of coins in one exchange but seems Binance is one promising exchange and alot of volume. I recommend you to buy Hard ware wallets if you're going to save alot of alts. goodluck!

[oleb84]

Is it simple/cost effective to move coins from an exchange to a hardware wallet?

[icoprofits]

Never trust any exchangers keep an eye no exchanger is safe as of now binance  look safe

[XFlowZion]

Never trust any exchangers keep an eye no exchanger is safe as of now binance  look safe

Binance needs to make their security tougher and complicated to get through by hackers because if they failed to do that then the crypto community will lost its trust on everyting related to bitcoin and blockchain.

[fanten]

Binance is safe right now, but not at the moment when you are going to withdraw. What I mean here is no exchanges are safe and do not trust any third parties to store your cryptocurrencies. If you want to hold and store, I recommend you to buy some hardware wallet. This way, no one will able to steal your coins at all except they got your hardware wallet and passphrase.

[pat231]

Storing big amounts in exchange is not advisable to be honest since most of hacks happens there, if you really want to make sure your investments are safe I suggest you should download a wallet since you want to hold it for a long time.

[Octc76]

Hello!

I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? 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?

Thanks!

I think it can be safe, because in addition to already using 2 good activation keys, binance is also a trusted exchange. until now binance is still one of the great exchange in the world of crypto.dan I think binance also will still help you in storing your assets well.

[sandpiper]

It is not advisable to store your coin you are holding for long term on exchange. The best way to save your coins is Nano Ledger S

[mundang]

Exchanges are not safe to store your tokens cause what if that exchange shutdown without any announcements or notice that was made, better to save it in a secure wallet even if you hold it for a long time.

[f80]

If you are a holder you should definitely not keep your coins on any exchange..