Is it safe to put the tokens on the exchange?

[poodle63]

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.

There are many fake exchange android apps in play store please justify using exchange android apps.Because most of the exchange released their official apps for android/ios user.You can put the token in big exchange then there is no risk.I used binance android official apps and it downloaded from their official website.

I heard it too playstore recently got flooded with tons and tons of malware app that trying to impersonate the original app developed by the official developers and that's such a bad thing if people dont put attention they might be losing their account data and got their money stolen.
It's always better to download the app directly from the official website than in playstore I guess unless you know how to figure out the original app.

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[Asanza25]

So, it is safe to put your tokens in exchange, if the exchange has all the safety features and Google auth function for the input and transmission, your tokens are completely safe.

[Sonofshmidt]

It depends on the exchange. If we say about big famous exchange like Binance, Huobi, OKEX, we could say that it is relatively safe cause they value their reputation and return investments after hacking.

[ethereumhunter]

I think it is safe to put the tokens on the exchange as long as we can keep our private keys and we can trade directly for the token that we have. besides that, we can see the token price and we can decide to hold for a while or sell to get the ethereum. be careful to keep your private keys because many people have lost their token because they don't save their private keys.

[edisystem]

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.

If your plan is to stored the tokens for a long time, then it's better to put all your tokens on your own wallet not on the exchange because you never know what will happen to the exchange in the future. I mean, there are many case about exchange get hacked or the worst the exchange turn into scam.

[Cacaparg]

Surely  it is not safe, we know a lot stories when exchanges were hucked, same dtories with  hucked wallets. I know only one safe method  to safe your rewards - it is diversification, in other words share your tokens between several exchanges.

[speedy1987]

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.

Unless and until you lost your private key hacking would be difficult. And safe too. But you should choose best wallet to hold your coins. Now a days hacking increasing so keep protect your wallet.

[bapetdik]

That seems safe. But if the exchange you use is closed then all I think will be lost. So it's better to use a wallet just like ledger to store your store and don't keep it on the exchange for a long time. Because I think storing there has a risk.

[Caesar-Giulius]

I don’t think it is safe to keep your coin in exchange wallet. You are better off managing your own coins in a wallet you control the private key.

[florinda0602]

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.

if you plan to do trading then its fine, but if you want to do long term trading or holding, its better to store it to hardware wallet like trezor or nano ledger. it is better than using online wallet, it is too risky.

[Gabb]

Unfortunately my experience in that sense is very bad, which is why I personally would not recommend trusting exchanges too much as a safe way to keep our cryptos or tokens, because in reality you do not have the real possession of your cryptos since you lack the private keys and at any time, if a hacker, a financial authority or the same exchange decides to block your account or take your cryptos, you can do little about it.

I already suffered it with Poloniex, then with etherdelta and this weekend with cryptopia, for which I am making every effort to obtain the corresponding wallets for each crypto, even if it requires more effort.

[jeron31]

If you trade every day then exchanges are better, but if you prefer long term hodl, then the wallet is more safe choice because you have full control.

[harapan]

never put any coins on the exchange because it is very dangerous and you can also lose all the money you have, I did that before I knew about hackers and I lost all the money I've, I strongly recommend that you save the coins you have in the wallet so that security is better maintained

[evilsign]

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.

This is not recommended. What if suddenly the wallet in the exchange changes? Because we know 1 exchange consists of thousands of more traders. Not to mention the risk of being hacked. What's the trouble for you to create a personal wallet? I don't think it's slit.

[Pendularin]

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.

This is not recommended. What if suddenly the wallet in the exchange changes? Because we know 1 exchange consists of thousands of more traders. Not to mention the risk of being hacked. What's the trouble for you to create a personal wallet? I don't think it's slit.

For me there's no certain to call it safe when you're at the online transaction period specially at trading sites. However we need to trust their end as they handled the funds we stored or parked at their site. We need to trust their security measures, because if we're more afraid that what we desire for profit then don't transact online so you no longer can trade if you don't risk your holdings.

[Mutuwenge]

It's a good idea to put token on exchange, but not all exchange, some exchange are scams, so be careful of exchange to put your tokens, it's at your own risk

[Kelvinikke]

Not at all. Why would you even save your currencies on an exchange platforms. Day in and day out we hear how exchange platforms are being robbed almost every now and then so why do you even want to save your assets on it when you can lose it anytime there is a system breach or hacking of the system.

[Docbee]

It is not save brother, personal wallet is the best place to keep your asset at any time exchange could be comprehended and users fund may got lost so open a personal wallet which you have the private key.

[solovalley]

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.

it is best to keep it in the wallet, because the exchange can be closed at any time and you will lose all your coins, so it is best to save coins in your wallet, and you can put them on the exchange if you want to trade.

[Bhosted]

A lot depends not only on the user, but also on the exchange. After all, it must be reliable and protected from hacker attacks. Nevertheless, I try not to keep  coins on the exchange.