Coins kept in exchange, are they safe?

[olacubic32]

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

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[Sephire]

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.

[CodyAlfaridzi]

Bad idea. Do you know that almost every exchange has been hacked in the past? Even the biggest one like Bitfinex and Bitstamp have been hacked some time ago. It is not safe to keep your coins in an exchange. Why did you think it minimizes the risk of losing your coins to hackers?

If you don't feel confident keeping your own coin, the solution isn't to trust somebody else (exchange) to do it for you. You should learn how to secure your coin yourself. It's not that hard really, you can start learning from here https://bitcoin.org/en/secure-your-wallet

[aardvark15]

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

Exchanges can be hacked, can make mistakes that cost you money, or can steal your money. It has happened with MtGox and Cryptsy and probably others.

Another problem is that when something happens and you lose money, there is no one that will look out for the customer. Once it’s gone, you won’t get it back.

This is why you should only keep coins on an exchange if you are planning to trade them. And this should not be a long term situation.

[Caelanpelley]

It's not safe to keep our coins. Your property must be carefully stored with a secure password only if you know it. We worry only that when we store them when prices drop, they lose a lot. That is unavoidable.

[vorseb]

You're wrong because exchange site are more vulnerable to be hacked than wallet. Actually exchange site used by traders to make trading faster.

[metribitcoin]

If you aim to hold that coin for long term investment for the better keep that coin in personal wallet that you have own control with the private key. But if you purpose to make profit from day or swing trading, no other choice you have to keep all coins in exchange, and to minimize the risk use more than 2 different exchange, and turn on all security features. Make sure you chooce good and legit exchange like Binance, Bittrex and Poloniex.

[Ramtapsbtc]

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

There are stances that exchanges were hacked and lose their coins, so i think even if your coins are in exchanges still it is not safe. I think you should divide your portfolio into more wallets or exchange so that if there is a hacking incident you will not lose all your coins.

[azvn]

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

All main exchanges at the moment are centralized so it is not safe because those exchanges keep your coins on their wallet not your.
In the past, a lot of centralized exchanges got hacked, lost many money/coins of customers and damaged their exchanges.
Its is better to store all your coin on your own wallet. If you want to trade from your wallet, you can use decentralized exchanges such as IDEX, DDEX, ForkDelta,...

[bisdak40]

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

I feel the other way around, i don't like to keep my coins in exchanges, specially the centralized one where we don't have control over it. My fear on centralized exchange is if they decide to shut down their operations and don't give any notices in advance, for sure our coins will go along with it.

[nathan@paralux]

Only time I have lost any coins have been on exchanges. So now, I will always keep my coins on my ledger or on a wallet, security is then in my hands.

[PsylockReborn]

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

It would be safest if you purchase a ledger where in you can store your coins. Some exchanges are vulnerable to attacks. They are the number one targets of hackers just like what happened to other exchanges. You better transfer your coins and just leave some for trading if you are fond of doing it. Your personal hardware wallet is unhackable unless you won't share your private keys to anyone.

[jeffbitcoin2018]

yes and o cause other exchange will lose your money and other are not!! Exchanger are not equal!! like they sade!! but its safe to exchange your coin or tokenn!! and  it ups to you now!!!!

[TastyChillySauce00]

Actually if you can protect your own wallet very well you are free of the risk of being hacked by the hackers, however some people prefer saving their cryptocurrency in exchange but there's also underlying risk behind it that people don't know. An exchange are generally centralized which means you will need to trust the owner of the exchange, however there's so many cases out there showing that exchange will always be a target of hackers, so it still impose risk, especially when the exchange doesn't want to refund your money and forcing you to suffer the same fate which is losing money. Also, the developers could just make an inside job to create fake hacking so that they could steal their user money freely without imposing themselves to lawsuit.

[Devnant]

Be careful with that.

If the exchange is hacked, you are going to lose your funds because of that, and it is more than risky to be honest at the moment

[MiniMountain]

Definitely NO if you remember there are recently hack on some exchanges so it is not safe to store your funds in the exchanges because you don't hold the private key, it is always better to use hardware wallets to increase your security.

[linkHA]

Most of the time you can choose the big exchanges, your token is safe.
Because of these big deals all the precautions are adequate.

[gizmodo1987]

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

It's not safe to store your coins or tokens to exchange platform if your target is HODL. Better to keep it safe on your own wallet. Just store them on exchanges if you want to trade.  We don't know if there are security breach on some exchange platforms. Just like what happened recently on a Korean exchange platform.

[Bambangs]

for the storage of assets in exchange can also allow exposed hack.
storage in the same wallet is also at risk of hacking. it would be nice if we keep it in a private wallet such as large s or something, it's safer in my opinion

[ECEX]

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