Is it safe to leave Altcoin in Exchange

[virtfund]

Money on the exchange isn't as safe as the money in your wallet. So you should keep most of your money in your own wallet. I think, a small amount of money can be left in the exchange .

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[marc_a]

Is only safe to leave your coins in your personale wallet, secured.
You never leave coins unattended.

But m sure, everybody here has some coins on an exchange. But then devided over some different ones

[$ta81]

Is only safe to leave your coins in your personale wallet, secured.
You never leave coins unattended.

But m sure, everybody here has some coins on an exchange. But then devided over some different ones

And why then need a crypto currency, if it is not for sale? I leave money if I'm going to trade the next day. I personally never lost anything.

[MaiQwaN]

If you are not engaged in daily trading, it is safer to keep your funds in your own wallet. If your money is stored on the exchange, it means that at the moment you are not their owner in reality. Crypto exchanges are not banks.

[ralph_0608]

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.

OMG that's very sad story. im doing the same also since i keep day trading once in a while all my funds was in hitbtc and i just let it there so anytime i need to trade i can immediately use my funds and keeping it in exchange save me for some gas fee in transferring my coin to my wallet to exchange wallet

[eugenefonts]

If you are planing to hold your coins for long term on a exchanger is too risky, the exchanger might close or vanish in the future. And if you are engage in daily trading men you have no choice. If you are planing for longterm keep your coin on the main wallet of your token or a hard wallet. There is some cases that some of exchangers got close because of caughting the owner of money laundering. You should be smart on holding your coins play well and safe.

[Master Carnegie]

It depends on the quantity, the altcoin and the exchange, there are exchanges that require the affirmation of their identity and identifications to large amounts of coins, in small amounts it is rare to give a problem, even so i recommend the hardware wallet, use exchange trading only to negotiate.

 

[bigdogdan2]

There is always a risk, but exchanges are fairly safe.

[Glomerulus22]

And what if I have all coins in my desktop wallet and some burglar just simply steals my computer from my appartment? Am I screwed?

[LegendaryCash]

I dont think so. Some exchanges are either hacked or getting down. Recently CE was down, for me it is scary especially when you are storing your coins there. Its best to pit it in your wallet, if ever your coin has wallet. Some wallet even has POS reward like SHND so its win win.

[wilberthh]

It's not safe at all! Leaving your altcoins in an exchange is really not a wise decision. Especially if you have altcoins worth more than $5k there! Those exchanges are kinda prone to be hacked I think. I know it's a troublesome to withdraw back to your wallet and to exchanges, but It's better rather than losing your hard-earned money. We never know though. Better be safe than sorry.

[venox12]

and what happens if exchange gets hacked? 2fa does the job for you of securing but what if mt goax happens again?

[Greenrace]

exchange is for the exchange of coins only so if in my opinion more secure store in the wallet because it is to store our coins, save on exchange a lot of risk eg if the exchange is closed then we can not do much

[MairaObergh]

I wouldn't recommended, not just because of security, the possibility of an exchange getting hacked, but because I've been seeing a lot of exchanges changing their rules to where one must verify their identity, and won't let them move their money out once they do. If you had lots of money in their, then that could be a real issue.

[patt0]

I don't think you should do this. The only point in keeping crypto in exchanges is for trading, so if you don't want to trade or sell your coins, and you just want to hold them, then you are taking a lot of risks. Exchanges can have legal problems, like government bans etc, and can also have tech problems and be targeted for hacking. You could lose your coins, so it's much safer to keep them in a hard wallet. I have a small amount of coins in exchanges because I use them to trade from time to time, but the rest I keep on a wallet.

[kingasterisk]

There's a couple of security measures you can do to increase the safety of leaving your coins there, but if they're not being used for trading i would highly recommend you store it in their respective wallets.

[uptown04]

personally I am doing daily trade and this is the only reason I leave my coins in the exchange if I were to hold them more than one month I would definetly move them to a cold storage.

[posi]

I invested 10 ETH on the stock exchange YoBit. There is 0.1% each day. Income is not very big, but it is better than they would lie dead weight in your wallet. (I do not like to trade)

Yobit? I think you need to be more careful using that exchange site because alot of said negative comment was said lately in the community about the exchange.

[BennyOnions]

As some have noted, keeping in a reputable exchange is okay if you are a short term holder but if you plan to hold long term then an offline wallet is much safer.  Take a look at the big hack that happened yesterday. It’s tough to trust exchanges when they are lacking proper security measures.

[lutcor]

I do not think that it will be a good idea to leave your savings on the stock exchange, because the exchange has its own interests too, and as usual, when you transfer your money there and the serious pumping of your money (tokens or coins) begins, they just block wallets of this project, and they themselves trade your money, and they themselves say that they are carried out those works