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Author Topic: Coins kept in exchange, are they safe?  (Read 5644 times)
baribori45
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September 09, 2018, 08:14:20 PM
 #641

I do not think that it is safe, it would only be safe if you are doing it on a good and a proper exchange (like binance, poloniex, or kucoin) otherwise just keep them on your  wallet
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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RGMan
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September 09, 2018, 08:16:57 PM
 #642

Not always. I think that everyone has heard that the exchanges are hacking. Hack, though, and wallets, but I prefer the "cold" storage than to store on the exchange, which will take and change tomorrow the rules for withdrawal. They can change any conditions.
Kulitha
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September 09, 2018, 08:17:52 PM
 #643

I don't think keeping coins in exchange is not good decision if you are planing to hold coins for long term. I think keeping several wallets is safer than holding on exchanges. And it's more safe is you can use hardware wallet.
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September 09, 2018, 08:19:48 PM
 #644

Coins are not yours if you keep them not in your wallet. Best place for longterm is Hardware wallet, worst - Web wallet.

It is much less probability of the fact that hacker Will aim exactly to you than centralized exchange

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Sandra999
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September 09, 2018, 08:22:21 PM
 #645

Exchange? Its not that safe as well to keep coins on the exchange too. Its very much risky to keep your coins on ths exchange because, the exchange can be hacked or suffer DDOS attack. This is why you need to manage a good wallet and keep your coins safe
karambol13
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September 09, 2018, 08:22:54 PM
 #646

I do not keep valuable amount of tokens in exchange, to avoid losing my tokens in the event of the exchange been hacked. I just only leave the ones am short trading in the exchange.
iljamlnk
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September 09, 2018, 08:26:14 PM
 #647

I think it's best to keep coins on multiple wallets to reduce the risk of losing everything.
Um Nik
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September 09, 2018, 08:28:37 PM
 #648

I think it's best to keep coins on multiple wallets to reduce the risk of losing everything.
Having the wallets encrypted with different passwords would be best if you are storing it on multiple wallets.

Boklopu
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September 10, 2018, 02:50:58 AM
 #649

in the event that I am more secure to keep the coin we have in our wallet, or we can spare it in huge trade, since we as a whole know how online world regardless of how great the stock trade can be hacked by Hackers, regardless of whether we introduce programming for safety efforts however programmers can at present hack their framework, at that point it's more secure to have our coins in the equipment wallet than in return.
Marakana
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September 10, 2018, 03:18:07 AM
 #650

To me i dont see any reason for me to keep my coin on exchange. It is either i convert it to fiat or i keep it as coin in my wallet. Though wallet can be hacked if you are not careful with your private key. You have to also look at it from the angle that exchange can also pack up at anytime and you wont have the opportunity to withdraw your token and they can also change their policy which might also deprive you the opportunity to be able to withdraw your coin when you need it.
reil2014
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September 10, 2018, 03:24:54 AM
 #651

I have a lot of coins which i store on exchange, i dont feel doubt on it. As long as you keep your credentials with you. I think nothing to worry, Bookmarked all website your in. So no hacking will be made.
xysheeh03
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September 10, 2018, 03:29:53 AM
 #652

I also have coins in some exchange and i think that it is also safe but we should be more aware of the hackers, by using different usernames and passwords just to avoid to hack our coins in exchange. Also do not log in on any other unreliable sites.
KKH84
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September 10, 2018, 03:32:33 AM
 #653

Already many people who experience their assets are lost in the market because the market is hacked by irresponsible people, I think the exchange is not safe to store crypto assets, you better save in the wallet with the private key and only you know.
kiemnhieutien
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September 10, 2018, 03:42:54 AM
 #654

I don't feel safe when my coins are stored on exchanges. Because I don't have full right to control my coins, exchanges hold and store billions dollar  of customer funds online in their wallets, these wallets are target of hackers. I prefer store coins on my personal wallet, I only put a fixed amount on exchanges for trading purpose.
DanielCrypto
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September 10, 2018, 10:37:18 PM
 #655

No, safe storage of cryptocurrency on the exchange can not be called, as there were frequent cases of hackers on the exchange.
bayu7adi
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September 11, 2018, 02:00:57 AM
 #656

if in large quantities, I think it's safer to store in a personal wallet, especially Wallet Hardware
but if in a small amount, the wallet from the exchanger I think is enough
it makes it easier for us to sell and buy quickly
Cris John Pham
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September 11, 2018, 02:03:31 AM
 #657

Of course, if it is reputable, quality as Binance, huobi, kucoin, ... is very safe because there are layers of protection, it is difficult to hack. The bad exchanges will not be able to say before
besun
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September 11, 2018, 02:05:20 AM
 #658

I think keeping your coins on exchanges is safer when you put your wallet in MEW. The MEW is easy to hack when exposed private key and it does not have 2FA or SMS security
ronaldo macus
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September 11, 2018, 02:07:51 AM
 #659

Crypto is easy to hack, even for you to stay at MEw or exchanges. The best thing to do if you hold a long term is to use a cold wallet: Ledger Nano S Wallet - safe but you can not trade it, just keep it in the wallet.
phanthuong
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September 11, 2018, 02:09:16 AM
 #660

In the past, I used to spend money on a wallet MEW and hacked once. But since I put my coins on Huobi, it's still safe, not lost or hacked. You can rest assured that if the exchanges that were hacked are so many lost, not just you.
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