Is it safe to put the tokens on the exchange?

[BTCHadzija]

I feel that mine are pretty safe at Binance - I wouldn't be too sure about the rest of the exchanges though

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[sinachy]

If you are holding it for a long term then you can make an online wallet and hold it there, but if you are going to be trading it or holding for short term, then you can send it to exchanges,most exchanges are secure.

[AgentZero23]

It's not recommended to put your tokens in any exchanges for holding. You should be aware exchanges are prone to hacking. Only put tokens in the exchanges if you are going to sell or traded them.

[Caladonian]

Guys is it safe to just put the purchased tokens on the exchange? cause i dont have a wallet in my android app. is it possible that it will be stolen? and claimed to be hacked? Am i doing the right way? Please can anyone help me. Thanks in advance.

So far I have no bad experience in placing my tokens in exchanger. I will not endorse, I will just share my experience. Before , if the token I am holding is listed in hitbtc, I am transferring it to hitbtc. Well, it did not happened that I lose my token in that exchanger.
Hhmm, but I think it depends upon the exchanger if the exchanger is trusted or not.

Lucky for you, since there's a lots of incidents about exchanges being hacked better to think twice before making any decisions, you can check the token information if there's any other ways to have a wallet that can handle your coins, it's better to think for extra precautions not because someone tells you that it can be safe or not, it's your obligation to reassess and to make sure to make it safe, it's your hard earned money anyway.

[9000]

I feel that mine are pretty safe at Binance - I wouldn't be too sure about the rest of the exchanges though

In case some fund will be stolen from Binance - the whole crypto market will be dropped. I would like to agree with all messages above that you have to be very accurate with keeping all your savings on the exchange. Also, some scams online wallets have the same risks

[imutlinda]

for more secure you better keep your funds in privacy and no one knows it. because no system is safe. it's better to keep your security private because you will be more free to do things with your money

[salamonKK]

Do not keep money on the stock exchange ever. Download all official crypto-currency wallets on your computer and store them only there. Do not risk your money, simply because it's more convenient to keep it on the exchange.

[amanarora_1]

I think yes, but only if you choose high security exchanges like Bittrex, Binance, yobit, Okex and some more. These exchanges are impossible to beat any security. I can feel totally safe when my coins are here. Sometime my high value altcoins are stay in exchanges for 5-6 months. So there is a no chance of stolen and hacked!

[ultrastructure]

Nope it is not safe. Some exchanges have technical problems that do not allow to use tokens when it is needed. Exchange are much more often attacked by scammers. There are alternative options that will help reduce the risk of damage to a minimum. Just keep your token in your MEW, only do a transaction if necessary because if you lost it, it will never be come back.

[bunchakhongmz999]

I don’t think it is safe to keep your coins in exchanges for the long term. It is better to keep your coins in official wallets or hardware wallets.

[Yudhisthir]

Exchanges are one of the safest place to keep your coins. With the increase in number of malwares and spywares and bad user practices, users are at risk of theft more than ever.
Some of the exchanges provide better security for trade and withdrawals, email verification, OTP as SMS, 2FA hence providing better protection.

[code]

The safest thing is to keep coins where you have access to private keys. But if you choose from Exchanges, then choose the top exchange in terms of volume, with them much less can be a problem.

[AlisaWhishie]

This question should be "Is it safe to put money on the Internet?" as exchanges have all of the risks that your PayPal account also has. First of all, the whole platform can be hacked, then only your account can be hacked (which is more likely to happen) and then the platform devs can just run away with all your money.
There's no way to be absolutely sure your money's safe. Even if you cash out and put them under your pillow.

[Cryptopeppe]

Absolutely not. Keeping your coins or tokens on a centralised exchange is the worst Idea you can have. it's risky.
if the exchange close or go bankrupt you could lose all your money. Be careful and keep your coins in their wallet, unless you're not a trader.

[goodluck0319]

certainly not safe. if only we are talking about the coins that you trade for a short time. but if you want to keep for a long time and a large amount, you need to start a purse

[fitzzz]

The most safest way to hold your tokens is to put it to your own wallet where you are the only one who have the private key. If you choose to put your token on exchange choose the reputable exchange nowaday with good volume.

[slackcryptoz]

Just because of the hacks taking place over the exchanges it is recommended to keep hold of the tokens on personal wallets. From my experience it is good to hold on exchanges if you involve into regular trading practice. Keeping hold on exchange will provide the ease of accessing, else each and every time it needs to be transacted.

[Dogmygod]

I think the answer is yes - it is rather safe. Very hard to steal your tokens on exchange, because security in the exchange is guaranteed. Jsut be careful with your password and security key and everything will be allright.

[conanmori]

Exchange are not a safe way to store your wallet as you don't hold the security of them a hacker can attack your account anytime since the exchange hold your acct private key info you can lost your coins on that exchange. Store your coins to a safe hardware if you don't have a plan on trading it.

[passwordnow]

Someone logged in to my binance acct from other countries which I'm not familiar with.

And I'm not the only person to experience this when I googled the incident so this is why I don't trust any exchange for now for keeping.