Don't hold your coin on exchange for long time.

[NereuFajardo]

Of course, holding your coins on the exchange can lead you to lose a lot of money.
It happened to me on the past, and i do not want to repeat the same thign again..

I was holding a bunch of money on my bittrex account, and they didn't let me withdraw my coins out of there

[totholio]

If someone is not taking the necessary measures to protect his private keys and etc. then it's actually safer to keep it on an exchange(better ones)

[bitterguy28]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

For me are comportable to hold my coins in online exchange whre i work my rading job yes if do not know how to handle your coin holding in the exchange have possible to lose your investment but need to monitor everyday to avoid loses the coin because every time you transfer the coin you have need to fee the itransaction.

[Casabrandy]

Mt Gox like exchange is already over unless you are using exchange that don't have KYC and not approve by SEC.  The regulation in cryptocurrency is now good compared to previous years that's why Chinese exchange are mostly closed since they can't comply.

[senne]

If someone is not taking the necessary measures to protect his private keys and etc. then it's actually safer to keep it on an exchange(better ones)

Then with your statement no exchange will be hacked as every exchange uses the best measures to keep the funds of their users safe but unfortunately hackers always find some loop holes in the system and attack on exchanges. I know there are many exchanges which comes with regular updates to avoid any malware in the system but so does hackers, hence it is generally advised that we should not hold coin in exchanges for long period of time due to uncertainty of losing your funds under any external attacks.

[Siren]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Thats what im doing budz,because i know that exchanges are vulnerable in hacking and we have no return if things happen so better save your coins in wallet or storages than leaving this in exchange.

I have some friend that once become a victim and until now hes funds is gone and the exchange continues do deny that he has a lost funds on them

[3philong]

Actually, I'm also concerned about security. But my money is quite small so it is not worth buying a hard purse. because, I would also like the exchanges to secure their wallets

[jamids]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

This is always the advice of those people who lost their coins because the exchange was hacked. If you have large amount of coins in the exchange because there is always risk that the exchange will be hacked and the hacker will get your coins in which case you will lose large amount of money so better just trade for the day and then withdraw your coins afterwards so reduce your risk and if possible store your coins in a hardware wallet. Those who are trading in Mt. Gox before lose a large amount of coins so they are always the one advising not to store coins in the exchange because they learned their lesson and as what they say, if you don't hold your private key in that wallet then it is not your coin.

[whirlcoin]

So what exchange that can be hacked by hacker,usually i hold some coin on bittrex,it is safe? I think yes,this exchange never getting hacked for a long time

All the exchange are in the danger of getting hacked so if your exchange got hacked means you can't do anything.

No exchange is safe to hold anyncoins.

If an exchange never get hacked yet doesn't means that it will be safe to hold even hacker can hack our accounts by breaking 2FA even.

[BinManR]

So what exchange that can be hacked by hacker,usually i hold some coin on bittrex,it is safe? I think yes,this exchange never getting hacked for a long time

Yes, I think it is the preferred form of choice from long-term investors and traders. In some cases, I think putting a coin on a reputable exchanges and secure will bring confidence and peace of mind. I put my funds and coins in binance for 6 months now.

[BarryCrypto]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

What is your favorite hardware wallet or desktop wallet?

[xuan87]

Exchanges is not the place to store your coin, only store the coin that you want to trade in exchanges, exchanges got a bad reputation to hold coins, and learning from experience, exchanges could be a dangerous place to store your wealth, don't lazy to move your coin to wallet, it's better to do extra work rather than losing money

[arthotdog]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Well only noob will do that.leaving the coins inside the exchange because we know that many hacking happening on those sites.its better to save all of that after you make trading for our safeties.

Exchanges is not the place to store your coin, only store the coin that you want to trade in exchanges, exchanges got a bad reputation to hold coins, and learning from experience, exchanges could be a dangerous place to store your wealth, don't lazy to move your coin to wallet, it's better to do extra work rather than losing money

Yups thats why its called exchange meaning you will only do trading there and wallets or storage is the place to hold our coins.

[Choii]

So what exchange that can be hacked by hacker,usually i hold some coin on bittrex,it is safe? I think yes,this exchange never getting hacked for a long time

Actually all exchange site can be hack by the hacker if their project not totally secure, but in Bittrex i didn't see any negative comment that their fund hack by the hacker, so i think that is safe, but why you want to hold your coin to that exchange site? I think much better to hodl your fund on your wallet like hardware wallet 'cause exchange site not the place to store your fund use that if you want to trade.

[adaseb]

I am pretty sure most people who have been involved with Bitcoin for the last few years either keep their coins in a paper wallet, cold storage or a hardware walllet.

We have all been there and saw that guy standing outside of MtGox holding a sign that read "Where are our Bitcoins"?

However most new people don't have that experience and they just keep it on an exchange because it's safer than keeping it on their Windows desktop with malware. Or they don't know how to do a proper cold storage. Or they don't know where to buy a hardware wallet.

[sheenaedago]

So what exchange that can be hacked by hacker,usually i hold some coin on bittrex,it is safe? I think yes,this exchange never getting hacked for a long time

Yes, I think it is the preferred form of choice from long-term investors and traders. In some cases, I think putting a coin on a reputable exchanges and secure will bring confidence and peace of mind. I put my funds and coins in binance for 6 months now.

If we invest af reputable exchanges they had their most secure token storage while you're not still planning to sell your holdings. You could set a security confirmation through email, just like what I did with my cryptopia exchange site. The transactions on log in went out very safe upon accessing the trading environment.

[Moiyah]

I so much agree with this. There are unexpected scenarios wherein the system of an exchange will be hacked. We must still be play safe and secure in all the things we are doing associated with cryptocurrency especially with our hold coins. We can still put our coins in an exchange but not so long. Though some say established exchanges cannot hack, honestly, we can not say what may happen in the future.

[GawirZZ]

yes it is very dangerous what if you lose your coins when you intend to exchange your coins and you lose your coins due to negligence. saving coins in exchange is very risky

[automaticmoney]

not holding coins in exchange for long-term is a valuable suggestion for a new crypto trader we never what happens once the exchange is in problem

[GermanGiant]

I agree with you, if we holding coin on the exchange will be many risks like coin hack, exchange stopped and other problems.
I recommendation use hardware wallet like ledger or trezor because of high security.
But you must keep the 24-word seed to recovery.