Is it safe to leave Altcoin in Exchange

[Newboybb]

In general, you don't need to change the password frequently, you just need to generate a random password with a random password generator.
Then set Google secondary validation, so if the exchange's database is not stolen, then your account is safe.

[Dart18]

Be safer. Use a wallet.

There is always a possibility of an exchange closing buy never a wallet.
Governments are getting strict now when it comes to exchange. They want people who will use it to be registered with all information to their profiles.
It aint cool. But if they dont follow the rules they might be closed. So that is your risk there.

[Darklinkz]

I leave them in the exchange even though it's not safe because setting up dozens of wallets for each of them is very inconvenient. It's not safe but I think Binance is very trusted. And also you don't know if these desktop wallets has no virus or malwares.

[d_crypto]

Don't leave funds in shitty exchanges

[crypt0baws]

Only for the amount of time that it takes you to conduct your trades and no longer.

It's an unnecessary risk, throughout crypto's history exchanges have gone under and taken everything with them. Is that a risk you want to take?

[Badhuamin]

for myself i do not keep my coin in exchange for long period of time only when i sell coin just not for storage.

[kiver]

honestly i don't trust exchanges that much so i don't keep most of my coins or tokens on exchanges unless its really necessary otherwise i keep them in my desktop wallet that doesn't mean that all exchanges are bad of course   

[redblock]

Of course it's not safe. But if you are day trading, what can you do? If you hold for a longer period of time, then definitely withdraw to your wallet.

[yacare]

Yes I think it is unsafe. there are several examples in world history when the exchanges zayeryvatsya and people didnt receive the money. That in what you dont trade it is necessary to hold on local purses

[d_crypto]

Try to trade atls in big exchanges only....stay away from small exchanges. If you want to buy from small exchanges, withdraw your funds after you buy/sell. Before depositing check the wallets if they are OKAY. Happy trading

[Benarand]

It is better to store coins on your personal wallet. Nobody guarantees you the safety of storing coins on the exchange, so when the work of exchanges are failures and anything can happen.

[Rexxxem]

Keeping coins on the exchange is a very strange idea. It's about the same as carrying cash with you in your hand. Convenient, always accessible, but very unsafe

[shaman11]

Exchanges are not very safe. You need to store coins on exchanges only if you need for trading purpose. Using wallet which private key control by yourself has much better security than exchanges. But the most security way is hardware wallet.

[criptoman83]

I hold my cryptocurrencies on 5 different exchanges and a large number of different wallets. I'm paranoid about that. No matter how cool the exchange is, whether it is centralized or decentralized , hackers don't sleep! But the probability that a hacker will break into all the exchanges and wallets at once is zero, so I am calm about my funds. Cryptocurrency for a long time I keep on hardware wallets-Ledger and Trezor.

[k-west]

I am keeping some tokens for trading on famous and solid exchanges such as Bittrex,Binance and Kucoin,I am quite confident they are in a safe places and it is very comfortable for day trading.

[Spaikal]

Who knows the exchange will not run away with your money, who knows it wouldn't be hacked and all the database will be gone, who knows it would not be bankrupt. So i think its not safe.

[echodike]

It depends on the purpose of leaving your altcoin in an exchanges, if it is for a long term and then I will advise you move your coin away, but if it's a for a short term or you are into trading cryptos, then you should leave it on the exchanges.

[liqidoxgen]

Keeping tokens on the exchange is tantamount to saving your money in someone else's wallet. It is better to transfer funds to the exchange only for trading.

[Naughty Princess]

I leave them in the exchange even though it's not safe because setting up dozens of wallets for each of them is very inconvenient. It's not safe but I think Binance is very trusted. And also you don't know if these desktop wallets has no virus or malwares.

I also leave some on the exchange and there is no something bad happen on the coin. I have to fund it so I put it there but I make sure that it has security that connected on my cellphone for that  to know if someone entering my account without my knowledge. Though it much safer to put it on wallet, the fee is high so I have put it in exchange and make more investment for profit.  It is safe to leave coins in exchange just make  sure that you set security on it.

[Fayamba]

Generally, it is not advisable to leave your tokens on an exchange site, not just altcoins alone. When the site gets hacked, you are likely to loose your tokens which you left there. Hardly will you see people trying to hack an individual wallet, but it is common with exchange sites.