Coins kept in exchange, are they safe?

[zap2per]

My suggestion is to never leave coins in the exchanges. They are a big storage of coins therefore a sensitive target for hackers. Put your coins, specially if large amounts, on electrum wallet (if there is) or ledger and mpve em to exchanges only when you want to trade em. In December 2017 I've lost 13 000$ worth Verge (XVG) in C-CEX echange due to (probably, they said so) external hacker attack. So be smart and don't leave coins too long into exchanges.. they are not the safest place on the planet.

I share your pain.
The exchange had nothing to do with it, that's one big fat lie right there.

[Oleg12]

It seems to me it is not safe. Exchanges often hack. Constantly storing tokens on the exchange is dangerous

[Fulmand]

I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.

 For me.  keeping coins in exchange is quite too risky because we know that this is the common target of hackers, it's okay if this coin is for short-term keeping but for the long-term. it's better to keep in hard wallets, like ledger Nano, I considered it a safe storage.

[organelles]

We have hard of the vulnerability of of exchanges to hackers time and again as lots of coins has been stolen from these platforms through hacks, this means that storing coins in these platforms is such a high risk, Its better to store your coins in private wallets, especially hardware wallets where their safety is guaranteed

[futuristishe]

I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.

Of course! The exchange guarantees the safety of your coins! But, this large exchanges! Any little-known exchange might be the risk for storage! The exchange can close!

[smoolae]

No, do not hold high amount of coins on exchanges NEVER. I felt losing my funds with Bitgrail. Left my NANO (former XRB) there and discovered one day that I don't have access to them anymore

[hamzikwf]

I think binance has the best defense, I keep my money there and do not worry about them

[Zadicar]

I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.

That feeling of yours is completely not right. We might see that exchangers is being commonly used up by traders to store up funds but its being advised for how many times on this forum that keeping big amounts on exchange wallet is not really a good thing or habit to be done. Only store out amounts which are needed for you to trade up.
If you are familiar or do know the recent history of hacked exchangers then you will surely changed up your mind.

I think binance has the best defense, I keep my money there and do not worry about them

Theres nothing on online world which security cant really be breached out no matter how good it is.

[michael23]

All Exchanges are not created equal and one can still lose exchange coins due to exchange getting hacked or shutdown due to government regulation or some other reason. So it is useful to keep a good portion of your coins in your own wallet. To reduce the risk, use multiple exchanges and multiple wallets too.

Complete agreement. The only thing that can complement this answer, you can use the hardware wallet to provide more security to your coins, but it is worth noting that it can not store all the coins.

[riksen]

I would not leave them on an exchange myself.
I have my alts on a ledger nano.
This works well. without the ledger nano's you can not get anything from your wallet.
for me, this is the safest way I think.

[Emmy92]

Well most guru says otherwise. In my own opinion, I think it's better holding in a wallet you have control of, which is offline wallet.. Also, if you are holding for long term, Exchange is a no no, as you might be tempted to sell when you see dip..

[chip1994]

It's really risky if you're going to store your cryptocurrency on any exchange . I think you should read news about cryptocurrency then you'll find out so many news related to exchange was hacked althouhg it's a good exchange like Binance also can be hacked . The best way to keep your cryptocurrency safe is store them in a coldstorage wallet like Ledger

[EL-NIDO]

It is definitely not a good idea to keep your coins in exchanges. It is surely better to keep your coin in wallets. There are some exchanges in the past that have been hacked already. Hardware wallet is really the best. But also be careful always with your private key.

[Selly Arumsari]

I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.

there is a lot a great exchange with a great protection. but i prefer to just use the offline wallet for keeping the coin, especially for a huge amount. i just use the exchange when i do a trade.

[dark08]

It is definitely not a good idea to keep your coins in exchanges. It is surely better to keep your coin in wallets. There are some exchanges in the past that have been hacked already. Hardware wallet is really the best. But also be careful always with your private key.

Yes this is right if you are long term investor I suggest to use a ledger nano or hardware wallet to protect your token, dont store your token in any exchange site because anytime it can be hack or run your token, exchange site is only for in and out system.

[asabed256]

Perhaps you might want to google "recent hack on exchanges" to get some good advice. Exchanges must be used only for trading as and when necessary. Leaving your funds in exchanges does not guarantee any form of protection.

[trickyriky]

I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.

We have seen it many times like hackers stole money from different exchanges. Recently 40 mln dollars in BTC was stolen. Though the responsible for that criminal is detained I don’t think that money will be returned.

[Godparticles]

If your goal is to hold the coin for long-term investment, it is best to keep the coin in your personal wallet with your private key control. But if your goal is to profit from daytime or swing trading, you need to turn on all security features.

[zap2per]

I think binance has the best defense, I keep my money there and do not worry about them

Theres nothing on online world which security cant really be breached out no matter how good it is.

You are absolutely right sir. That's why I use several exchanges and offline wallets.

[scooby_doo23955]

No one can give you this assurance. Recently two exchanges got hacked and I really feel unsafe after that. But don't judge all exchanges in the same way. There are still exchanges which will keep your coins safe. You will have to search for it.