Coins kept in exchange, are they safe?

[tamango]

If you have just very small amount of money (for example below 100$) I think you can leave on exchanges (even if it's better to withdraw to your wallet) but if you have big amount of money it's really crazy and very dangerous to leave them on exhanges..just buy an hardware wallet in these cases 

[Emperor of Man]

As most people here already said, it's absolutely not a good idea:


- Exchanges get hacked, and most of the times you burn when they lose crypto. Some of these hacks are even suspicious of being actually scams.

- Exchanges can steal your money, like bittrex did with a lot of sudden banned accounts with no warnings a while back.

- They can freeze your crypto from time to time because of "outage" or "maintenance" which sometimes takes too long.

- They sometimes delist a coin, and if you, for any reason, don't withdraw it soon you'll probably lose it.

And so on and so forth...

Just forget it. It ain't a good idea.

[daenarys_stormborn]

well, put your coins in exchanges also not necessarily safe, even in my opinion exchange more hacked by hacker than wallet, like Coinrail exchange which recently been successfully hacked, you better keep your coin in wallet like myetherwallet

[alt-fire]

if the amount is large and coins are bought for a long time, it is better not to store on the stock exchange and transfer to a hardware purse

[Samtob4]

don't leave your coins on exchange it not safe it better to transfer it to hardware or wallet...exchange are the major target of hacker so be wise

[eaglewhite80]

You are getting it wrong. What you should be afraid of is a centralized exchange having an attack or some problem which can make you lose all your funds. The fact here is that you do not have the full control of your funds and that makes it more like you have nothing at all. If you are looking for good security of your funds, then either go the cold storage way or get a hardware wallet. If you are not trading, never leave your assets on an exchange and even if you are trading, only leave what you are trading with on an exchange.

[cryptofirm]

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

if you compared to store a coin in exchange and in the wallet
i think keep your coin in the wallet is safer than in exchange my friend
or you can buy a hardware wallet because hardware wallet is the safest way to store your coins

[nobetci]

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

I think both ways have same kind of risks. In my opinion, every trader should minimize the risks by being careful about some points about the security.

[bridgeport]

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

For me it is not a good idea, to think that there are many incidents that a certain exchange had been hacked, others due to some regulation forcing you to withdraw all coins in given time, I think hardware wallet is most safer.

[florinda0602]

I think it's safe if you keep your funds in exchange sites for short period of time one month to couple of months.. The best option is buying a hard wallet.

Yes I think its safe keeping funds in exchanges, I tried already for months and my money is still intact and complete. But ofcourse the best is if you have your wallet, its more safer in there.

[Kronos21]

In today's world, there is no safe way to store your coins. You can only minimize the risk of losing your coins. To do this, you need to store them in different places and never store a large number of coins in one place. Personally, I have not had a single case of losing coins. But I regularly hear about the hacking of exchanges.

[dorofeev]

If you are suing a reputed exchange, there is no need to worry. you can split the coin in multiple exchanges to be safe.

[TwisterPipister]

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

I usually keep some of my coins on exchanges, but only on good ones, my favorite is Bittrex, it's certainly not safe, but it's very convenient, I think that for the sake of this convenience it is worth risking part of your savings.

[apolonio]

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

So far, i didnt loose any coins/tokens in my wallets and in exchanges that im holding. It depends how you keep your wallets and accounts password to be your coins/tokens be secured. For me it is good both wallets  and in exchanges you keep your coins.

[steplaza]

I guess it depends on the coin but I would say that for the major ones, wallet are safer than exchanges, obviosuly if you trade a big number of coins it can get quite annoying and confusing...but you should lock-in most of the profits in major cryptos (btc, eth..) and keep them in a wallet

[Aggioni]

In my opinion, the main thing is just not to keep all tokens in only one place. Even MEW can be hacked and there is a possibility to lose everything.

[zap2per]

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

Definitely not my friend.
It's much riskier keeping them on the exchange then in your offline hard/paper wallet. Hackers steel a lot of coins from exchanges lately. Even the exchanges themselves can steal your money if they see fit and you can't do a single thing about it.

[hall16]

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

Not safe. You're not only risk losing your coins to hackers but also the exchange itself may one day suddenly closed down or disappear.

[BobTrade]

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.

[BennyK]

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

Keeping coins on exchange site is quite risky as compared to having them on wallet. Exchange sites were made practically to trade tokens, hence store tokens temporarily during the trading sessions. Exchange sites are usually upgraded or under maintenance which can result in refreshing of account especially with exchanges which are not renowned and good. Hackers can also get into exchange sites.
For better security, a hard ware wallet like the Ledger Nano S is a good choice.