Is it safe to leave Altcoin in Exchange

[tigerk6]

Hi,

I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.

I always keep my withdrawal blocked by changing password every 5th day.

Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?

[mariayaz]

I doubt that. I transferred my Doge in HITBTC from anotherr exchange and after a day there were no balance in HITBTC. Its too risky with exchange

[STIKS1911]

If you are constantly engaged in trading within a day, then there is no choice. It is necessary to store altcoins on the exchange. But if you keep coins for a long time, then this is completely insecure! Example-exchange btc-e. It is better to store coins on a hardware wallet.

[kopdul]

Hi,

I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.

I always keep my withdrawal blocked by changing password every 5th day.

Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?

Don't put your all funds in exchange, because you don't know what happened to your fund if exchanger have some problems. I was get goxxed by Mt.Gox back in 2014 when I trust this exchange so much and enjoy doing trade there. I put all bitcoin fund there and nothing come back until now.

[olubams]

Hi,

I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.

I always keep my withdrawal blocked by changing password every 5th day.

Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?

This is one of the most ridiculous decision you want to make because no matter the reputation of the exchange site you are leaving the coins, they are still susceptible to attacks which is something you should prepare yourself for. I am not sure the exchange site that add interest on your balances but if you want to keep long term as you have said, its best you just use a desktop wallet or offline wallet and save yourself the stress of having to change password every five days which does not matter if your the exchange becomes vulnerable.

[andthereyou]

It is not safe. What if the exchange is hacked? Your fund will surely be stolen. There were many cases where popular crypto exchanges were hacked or a crime was commited by inside job in the past. I'm sure the interest are too small compared to your fund so think carefully.

[JohnMacZeppelin]

I do not think that this is a good idea, because at any time this exchange can close or do something like Bittrex, do something to withdraw funds, so I would not do so and if there is an opportunity to better just take my money and leave it on a few years

[h0lybyte]

If you are planning to keep your assets  for long time then exchanges are not an option for people like you but if you are a day-trader then probably the  security steps you are doing would be helpful for security of your coins. For long term holding, it is better to choose a safe wallet like binance or just buy a hardware wallet and move your coins to one of these safest places

[Memenya]

Hi,

I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.

I always keep my withdrawal blocked by changing password every 5th day.

Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?

Well, i think its safe to store all of your coin in exchange but in the top exchanger not in unreputable exchanger.
But if you want to store without trading i think better you store it in hard wallet because its more safe.

[tigerk6]

But Exchange like Bitfinex they pay about 1.5% a month on your coin, I have earned BTC, LTC, ETH by funding on exchange.

Keeping on offline won't increase my coin ...

[Amalker]

If you not  a daily trader, the best way to keep your altcoins on your own private wallet. Any exchange might disappeared in one moment with all your funds.

[jlanzago]

Crypto 101 - NEVER leave your crypto in exchanges, because if you do not control the private keys of your wallet, you don't have access to your funds. They are not yours (ownership = private keys), they are owned by the exchange (under your name, but only they have access to them). If the exchange gets hacked, or shuts down by themselves or even by the government, you may lose access to your funds. You should control them.

[kaloloy]

Sometimes not because wallet account on Cryptocurrency exchanges are just temporary but still could hold your coins while they are up and stable but if you have Bitcoin and other huge amount of coins that has huge value then it's better to withdraw them into your safe wallet to Avoid trouble in the future.

[linkybit]

For long-term holding never store coins in exchanges they are not safe, for daily trading you have to store coins in exchanges.

[Visin]

If you not  a daily trader, the best way to keep your altcoins on your own private wallet. Any exchange might disappeared in one moment with all your funds.

It would have to depend on the amount of coins that is going to be just sitting on an exchange. Is there money that is cashed somewhere just in case things don't go the way you want? If you have enough money to put money on an exchange then that should be all that you need. Worrying will not help.

[zxc003]

Mt. Gox
Cryptsy
btc-e

Yeah, right... is absolutly safe to keep coins in exchange

[Lazada]

If you not  a daily trader, the best way to keep your altcoins on your own private wallet. Any exchange might disappeared in one moment with all your funds.

It would have to depend on the amount of coins that is going to be just sitting on an exchange. Is there money that is cashed somewhere just in case things don't go the way you want? If you have enough money to put money on an exchange then that should be all that you need. Worrying will not help.

If we all want to safely store Altcoin then the official Altcoin wallet is a top choice. But for a trader it can not be avoided, a trader must be able to make decisions appropriately and quickly so that the funds in the exchange is a necessity. So the most important point is that we are trading on a reliable exchange, one of the exchangers that has a good level of security and trust is Bittrex. I've done a lot of deals there and I feel comfort is the point that I feel most.

[limmousine]

I also often leave alt in exchange, but only temporarily and for a few days. For a long time, then it is too risky if we leave it there, because we do not know what will happen in the future.

[michael shikany]

In general, you don't need to change the password frequently, so long as you set Google secondary authentication and a more complex password, don't use a public VPN, there will be no big problems.
Unless there is a massive theft on the exchange.

[AVAMONEY]

Since you're planning it for long-term investment, I would not recommended it. It's better you saving it on coinomi wallet mobile or using ledger.
Exchanges are usually using for doing trading, means you need to be active checking your account often. For notes, there are many bad experiences in past when exchanges got being hacked or compromised, so you can't access your account on it.