Is it safe to put the tokens on the exchange?

[DRVX]

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 find reliable solid exchange then there is no worries that you can put your tokens into this service. But much more important thing it is that some tokens are acceptable in some services.

[Andruha1993]

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 would not keep bought tokens on stock exchanges, because you can not know what will happen to this stock exchange tomorrow (maybe it will just disappear). It is better to use an offline wallet.

[Nasa44]

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 would not keep bought tokens on stock exchanges, because you can not know what will happen to this stock exchange tomorrow (maybe it will just disappear). It is better to use an offline wallet.

I agree with it. There are many trusted exchanges, but how many exchanges closed without refunds? How many exchanges were hacked? A lot.

[Ilmiyati]

yes it is safe, no one may steal on the exchange, because security in the exchange is guaranteed. just you do not forget your password / private key in the exchange, if forgotten then you will lost all tokens that you save on the exchange

[jhonjhon]

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're doing the right way then there is no possibilities that it will loose. I did it sometimes by putting some of my coins just for selling or even buying but is still on my wallet. The only concerned with that if we entered the wrong site or we may say pishing sites, it surely everything will loose.

[quarkyplum]

That is very dangerous when put to the exchange on the floor. You may lose cryptos at any time when hackers invade. So if you trade Token on exchange floors in a day is acceptable, but if hold for long-term, absolutely should not. You can put your cryptos into online wallets like MEW or hardware wallets like Trezor, Ledge Nano S.

[ronnis.gomes]

Some exchanges are safer than others, however nothing is totally 100% secure from hackers, so just keep your tokens in an exchange if you will trade them in a short time

[fathur01]

I think that the exchanges are designed to leave their coins or tokens on them, you put orders to sell and trade coins or tokens. The main thing is to keep passwords and other personal information in a safe place.

[evichi]

It depends on the amount of tokens you have. If you have big tokens I will advise to store it in the App rather than in an exchange. You do not have the private keys to wallets in Exchanges. The choice is basically yours.

[leezay]

yes it is safe, no one may steal on the exchange, because security in the exchange is guaranteed. just you do not forget your password / private key in the exchange, if forgotten then you will lost all tokens that you save on the exchange

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Why keep the tokens in the exchange unless going to trade them?
Wallets are made to keep coins and tokens, not exchanges.
I suggest to keep your tokens in wallet like MEW or hardware wallet like NANO S

[Uncertaintea]

 Exchange platforms are not the best places to store your coins, they are not only vulnerable to hackers, but also makes it difficult for you to cases coins when you need them

[cesarzgamer]

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's the best if you keep your tokens in wallet instead of exchange because there is always chance that you will lose it. On another hand when it's in your wallet you can find more ways to protect it. If you need a wallet for phone you can check Enjin wallet, last time i used it, it was really good. It support Bitcoin, Litecoin, Eth and tokens or most of them.

[stovercrag]

 hope above information will be helpful to you

[GmBoom]

It really depends on the situation. If the coin you are purchasing to has a lesser amount of trade value, better make sure to withdraw it immediately to avoid getting delisted on exchange that may cause your altcoin to vanished. Holding your altcoins in exchange is good, but holding it on your wallet is much better.

[Magneto151]

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.

Do yourself a favor, never keep your tokens on an exchange except you're trading it to keep increasing it or increase your BTC or ETH holdings. If that's not the case, then store up your token in a wallet where only you have access to your private keys. Or you use cold storage such as ledger nano or Trezor wallet

[Sithara007]

I use exchanges only to sell the tokens. I never store them in the exchanges, as in many cases the exchange suddenly stops supporting that particular token. But then, what is the need to store them in the exchanges, when we have MEW?

[Flamebellow]

It depends on what exactly exchange you will use . Putting your funds on a top-tier exchange gives you 99% chance that your tokens will not be stolen , but you still have a chance to lose them in case of delisting from exchange or because of regulators policies if you are a person , which is not allowed to operate with cryptocurrencies .

[JoniPopens]

Hello colleagues! There are a huge number of exchanges where you can buy or sell a crypto currency. Each of them has its own characteristics, but in many respects they are similar to each other. The main drawback of them is the high risk of losing investment due to the actions of intruders, law enforcement agencies or unscrupulous owners. These drawbacks are deprived of decentralized exchanges, such as EtherDelta.com. The EtherDelta exchange allows you to deal with the Ethereum blockade tokens. Its operation is based on smart contracts. The decentralized nature of the trading platform allows you to buy and sell tokens without the need for prior entry of funds into the stock exchange. All assets are stored in users' wallets, and the exchange only coordinates their exchange using block and smart contracts. The managing center is not here.

[craZyLovE0916]

You can send your tokens to the exchanges when you are ready to trade the tokens for other coins or maybe ready to cash out and take your profits, there is nothing wrong with that. What you should never do is to use exchanges to store your tokens in the place of a wallet and just leave them there because your tokens are more at risk if you just leave them in an exchange

[Arcoin1]

The tokens I bought are on the stock market sites. There's money in my wallet that I only get in prize campaigns. You should look at evaluating not holding on stock market sites. You can continue trading by buying the time you want.