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Author Topic: Is it safe to put the tokens on the exchange?  (Read 3033 times)
anna.cayne
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June 28, 2018, 12:42:36 PM
 #181

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.
beachbummer
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June 28, 2018, 03:15:17 PM
 #182

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.

That is not completely true. If the exchange does not have proper infrastructure and security measures in place to protect their hot wallets, the tokens can still be lost.

Once you transfer your tokens to an exchange, it is just a ledger entry in their books. Some of the tokens are stored in a cold offline wallet while the rest of the tokens have to be stored in a hot wallet for liquidity purposes.
chrismartin
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June 28, 2018, 03:16:59 PM
 #183

Many of this thing are doing of those people which is wise. If they think wallet from outside exchanges are not trustworthy, they store it in markets. I agree with this dids mate but make sure before storing it in some exchanges, make sure that its a secure market.
Aleksandr_ov
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June 28, 2018, 06:37:45 PM
 #184

at any use of personal data at a conclusion from some stock exchanges it is necessary to be accurately!
Pecinan
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June 28, 2018, 06:40:10 PM
 #185

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 put your tokens in the decentralized market I think it could be risky, because the world of crypto is full of risks, so my advice you should have a wallet to store your tokens
Andruha1993
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June 28, 2018, 07:58:05 PM
 #186

Tokens stored anywhere are not safe, especially in exchanges, because it can be hacked at any time and will no longer work. It is better to store  tokens on the hardware purse in  opinion.
nikola22
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June 28, 2018, 08:04:42 PM
 #187

Tokens stored anywhere are not safe, especially in exchanges, because it can be hacked at any time and will no longer work. It is better to store  tokens on the hardware purse in  opinion.

but good exchange compensate the loss if it happens. besides big exchanges are making progress in providing security systems so it will be a hard task to hack them.

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kskwerl
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June 28, 2018, 08:39:22 PM
 #188

no, it's not safe. Exchange are much more often attacked by scammers. There are alternative options that will help reduce the risk of damage to a minimum. You just need to understand the typology of electronic wallets and choose the most suitable option for your needs from the number of proven applications.
abitgelluh
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June 28, 2018, 08:44:54 PM
 #189

Tokens stored anywhere are not safe, especially in exchanges, because it can be hacked at any time and will no longer work. It is better to store  tokens on the hardware purse in  opinion.

but good exchange compensate the loss if it happens. besides big exchanges are making progress in providing security systems so it will be a hard task to hack them.
what if the coinsmarkets happen to the exchange you mean? will they replace all the money that has been hacked? I think it's not possible because the amount is too big so I think the safest is saving itself
djselery
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June 28, 2018, 08:45:57 PM
 #190

It is not safe to store your tokens on the exchanges, because there is a high risk that you lose them sooner or later, even if the exchange is decentralized. The risk is very clear with the centralized exchanges which can simply scam you anytime, or getting hacked. The same issue of security is existent with the decentralized exchanges, and we remember the security problems in the famous exchange Etheredelta a few months ago.
TheSmo
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June 28, 2018, 09:16:17 PM
 #191

this is not safe, because some exchanges have technical problems that do not allow to use tokens when it is needed. secondly, it is the exchanges that are most often hacked by hackers, and there are many examples. try alternative storage methods, there are now enough of them.
Ravenangel
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June 28, 2018, 09:21:08 PM
 #192

Well the safety of exchanges vary, some exchanges are safer than others are. We all have heard of hack cases where millions of dollars worth cryptocurrency has been stolen never to be recovered again, I'd therefore won't advice anyone to store coins in exchanges unless you trade often, and even then don't put too much, store your tokens in your wallet, if possible hardware wallets

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xsaints128
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June 28, 2018, 09:29:07 PM
 #193

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 keep your tokens in exchanges but you should have all the security measures like Sign-in alert, authenticator, etc., activated. However, exchanges do sometimes get hacked so its better to keep your tokens in your wallet of which you have the private keys to access. Your best bet can be a hardware wallet like Trezor.

vertinfos
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June 28, 2018, 09:31:19 PM
 #194

Yes, more than reliable , of course with the cold wallet can not be compared , but for example on binance to keep more than
goku1525
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June 28, 2018, 09:39:48 PM
 #195

Yes, more than reliable , of course with the cold wallet can not be compared , but for example on binance to keep more than
It is more safer to put all your tokens in exchange site because you're already know that it has a potential to grow compared to unvalue token it's more risky ,it may result to scams.
Trollinator
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June 28, 2018, 09:41:50 PM
 #196

No, no, no!! Never!! The only safe place to store your cryptos is in a Nano Ledger. This is not a debatable topic; anyone who does, does so at their own risk!!
antolinicio1
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June 28, 2018, 09:43:14 PM
 #197

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 depends on that on how many long you plan to hoanit tokens. If long you don't lerdat, then the best option - to hold at the exchange. If you want to hold tokens long, then it is the best of all to use equipment rooms and e-wallets. Appartany purses are considered as the safest, but they cost money.

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RyabovRavel86
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June 28, 2018, 10:39:40 PM
 #198

If you have a long-term trader, it is better to create a wallet on your computer and have there the coin, but if you have a daily trader, you need to store your coins in return.
Norihiro
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June 28, 2018, 10:42:41 PM
 #199

Trusted exchanges are very safe. But there's still a chance of some "technical issues" so no one is 100% safe, nothing to do with that Sad

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Utyg
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June 28, 2018, 10:50:35 PM
 #200

I think that you take it only to the head about the safety of your wallet. On the exchange, hackers can steal. There are a lot of ways to steal and deceive people. Simply, I'll take a look at the addresses of the links you are going through. And not when the links do not go to the number of wallets
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