Is Binance safe to store cryptos?

[Peter8226]

I agree with many of you, Wallet is safer.

[smartsan]

Normally all the exchanges are little bit risk and best way to store the crypto is paper or hardware wallet.......

[XIANNE25]

Yes binance is a safe crypto exchange.. If u are using a 2fa in every accounts online u must keep the recovery key in a secret place just in case u lost/damage ur phone u can still access to ur accounts by downloading a new Google authenticator and put the secret key that you have.. But yeah if u just wanted to hold your coins for a one term u better have to keep them in the hardwallet.

[FARid211]

hello...... in my thinking wallet is more safe.....

[lifetimebitcoins]

According to my knowledge, no exchange is safe for storing but Binance exchange is the new one and they are talking lot measures in order to secure people fund in it. But don't keep the huge amount in the exchanges better divert them to your desired wallets.

[Geila]

It depends on the coin which you purchased is a HODL or Short Term sell. If it is the short term you may keep it on Exchange. The best way to save your coin, is to use a USB stick.   

[duongit]

Binance is the biggest market and I think store in here is good.

[CryptoIntegrity]

So freaking you have a good security,  it is still abit secure..

[Nebhunu]

I do not see it as a dangerous decision to keep them there, only if you are really paranoid you'll keep them privately.

[peter.from.penn]

For short term trades, I keep my tokens on the exchanges.  But for long term and medium term holds, I try to store my tokens in a desktop wallet.  MyEtherWallet is my main wallet for different erc20 tokens.

[zark89]

so far Binance is very safe in my opinion, so far I have not found any serious problems in Binance. But you should always be careful, always reading the latest news is a good thing

[Littledragons]

As many people have stated, it seems safe, until its not.
Generally I just keep what I trade with on exchanges and then let my personal wallets hold the rest.

Its kind of a bad idea to leave money on exchanges and such, as if they get hacked...and they do... often... we will ultimately end up being fucked.

[Fredomago]

For short term trades, I keep my tokens on the exchanges.  But for long term and medium term holds, I try to store my tokens in a desktop wallet.  MyEtherWallet is my main wallet for different erc20 tokens.

Better to secure your coins inside the wallet that you have the most of the control, storing coins inside the trade is not advisable if you are in the long
hold, better to use the coin wallet and store it inside your desktop or laptop, you can also buy some coins which also offer PoS so while waiting you can
earn little by little as the stake rewards will let you get some extra coins.

[anhlandibo12]

There are lots of e-wallets to store cryptos, so you choose an Exchange server for storage. There is no guarantee that your cryptos will not be lost when Binance is attacked by hackers. The safest is that you should choose a reputable e-wallet like Myetherwallet to store your cryptos on it, when there is a need for the exchange to transfer to Binnance.

[TheReverend]

Hello , which of course the account in binance will be safe.
it will be fine and there is no influence in my opinion

[StarKay]

so far Binance is very safe in my opinion, so far I have not found any serious problems in Binance. But you should always be careful, always reading the latest news is a good thing

Centralized exchanges(Binance) looks very safe as you've stated above until something goes wrong without any form of warning. Binance is very good for trading but in the aspect of storage it is advised not to keep your cryptos in exchanges. I'm afraid the news won't be able to help if anything goes wrong. 

[Anne8]

For short term trades, I keep my tokens on the exchanges.  But for long term and medium term holds, I try to store my tokens in a desktop wallet.  MyEtherWallet is my main wallet for different erc20 tokens.

Better to secure your coins inside the wallet that you have the most of the control, storing coins inside the trade is not advisable if you are in the long
hold, better to use the coin wallet and store it inside your desktop or laptop, you can also buy some coins which also offer PoS so while waiting you can
earn little by little as the stake rewards will let you get some extra coins.

Store in wallet that we have the fully control on it is recommended.
But howif we want to trade it and store it at the same part?
I think would be better to store in reputable exchange where you can trade it and also store it for more safety.

[indika8821]

I think some times good If you d just like to hold bitcoin or other cryptocurrencies for the long term and make sure they are secure, it’s best way hardware wallet.

[mishaps]

I recommend to never store coins in any exchange. You should have your own hardware wallet and cold storage wallets

[rvalipio]

Online exchange wallet is never safe.