Caysinamires
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September 07, 2018, 02:24:23 AM |
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You can keep your money in the most safe wallet or the biggest exchange, but there are always people who can find the way to hack it. But if you want to put tokens on the exchange, choose the best one.
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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ifightformerkel
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Activity: 1386
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September 07, 2018, 09:08:48 AM |
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It all depends on what exchange they are stored. In most cases, you will sell tokens on an exchange like IDEX, and I do not consider it safe. Wallet is more secure.
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gokusenpai0302
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The revolutionary AI gaming ecosystem
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September 07, 2018, 09:17:42 AM |
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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.
I suggest to look for a decent cryptocurrency wallet which will also depends on the country you were living at especially for the availability of encashment if ever you plans to convert you tokens/coins in the future. Wallet is much safer than any other exchanger, in my experience I typically use coinsph as my wallet with multipurpose like investing, paying utility bills, shopping and etc... |
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Tuofu1821
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Activity: 175
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September 07, 2018, 09:18:21 AM |
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If you just wanna store it temporarily, i think it is ok, but if you want to put it on the exchange for a long time, it is very dangerous. Any exchange has the possibility of excaping, if you have heard about Mt.Gox.
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catok broek
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September 07, 2018, 09:30:21 AM |
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each exchange also has a high level of security, and also has a wallet address held by the user. of course this also has a high level of security which is also owned by exchanges where you store your tokens.
even from some issues regarding hacking tokens generally not on the exchange but from wallet sites that are resembled with the original ones to trick users.
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r.bhalla07
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Activity: 546
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September 07, 2018, 09:31:47 AM |
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Yes it is safe for the put the tokens on the exchange because the coins in the exchange is as safe as bank locker but in the bank the money is safe but the profit is low but the exchange the tokens is safe and the profit of the coins are double from the bank.
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R9s
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September 07, 2018, 09:32:22 AM |
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If you trade every day, you can only trust the trading platform because you can't fetch and store it frequently from your wallet or platform every day, but if you're rarely involved in trading, the safest thing to do is to put the coin in a "cold wallet"
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allanr
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September 14, 2018, 09:01:47 PM |
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I feel safe, but not for storage in the long term and instead become the main wallet,
You must have a wallet that you hold the private key.
you can try m.e.w, or maybe it's better you can use a hard wallet for better security.
any bad potential can occur even if you have used the best exchange in the world though
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mutanu
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September 14, 2018, 09:06:55 PM |
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It all depends on what kind of exchange it is and how much it takes care of the safety of its customers.
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CaptainCaptcha
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September 14, 2018, 09:10:20 PM |
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It is not recommended, but if you don't have another option than go for it, though I would insist on trying to find erc.20 wallets to see if you can store it, they are way more secure than your typical exchange website.
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ityandsyn
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Activity: 490
Merit: 11
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September 14, 2018, 09:54:39 PM |
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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.
Many Exchange firm was reportedly that it has been hack , so this is enough proofs of unsafe storage , personally I stored my coins in MEW and I will put this in exchange if there's already a buyer for my price , so there is only a short span of time it stay at the exchange . |
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bananaunana
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Activity: 321
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September 14, 2018, 09:59:03 PM |
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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 semi-safe because the wallet helds your private keys. If the eschange loses your private keys your funds are away. But most exchanges have improved their security a lot. But try MEW, it's frre and easy to use. |
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kalstarzz
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September 14, 2018, 10:02:49 PM |
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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.
you can do that, and security depends on the exchange and the application of security that you run on the device is there, if things are good, then you don't need to worry. |
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Nasonn
Jr. Member
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Activity: 616
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September 14, 2018, 10:06:03 PM |
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I like a number of exchanges especially those that offer double security like 2FA. Hackers cannot easily steal your tokens on such exchanges.
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Remilekun1
Newbie
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September 14, 2018, 10:08:12 PM |
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Not safe. Withdraw it to your own created wallet that you have 100% access to. If anything happen to your coin you will be able control by yourself.
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avonka
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Activity: 512
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September 14, 2018, 11:19:51 PM |
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The purpose of exchanges is not storing of your coins but for trading with them. According to that it is better to keep on exchanges only the coins you are intending to trade with them.
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catapult
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September 14, 2018, 11:39:06 PM |
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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.
In my opinion, wallets are better to store the tokens and coins. And also, if you have a hardware wallet, I think you can have a better protection, according to other wallets. |
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Matimtim
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September 15, 2018, 03:54:10 AM |
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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.
Based on my own understanding it not safe, it's better to put your coins in your personal wallet than storing your coins in the exchange wallet its because quite risky, but its depends on you if you want to take the risk. |
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Flezy
Jr. Member
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Activity: 707
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September 15, 2018, 04:15:53 AM |
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It is wise to always save your coin in a wallet you have power over, that is the wallet you have its private keys. You can make more enquiries to know the best for you., But as for me exchange is a no no
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Clark05
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September 15, 2018, 04:21:57 AM |
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If you want to put your token to exchanges site make sure they have 2FA or any security to become more safe. Becausr exchanges site is prone of hacker and anytime your account are possible to open and you lose your token. Highly suggested to you better if you store only your token to wallet it is more safety and send only to the exchanges site if you want to sell it. But it's up to you where do you want to keep your token because that is yours.
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