Coins kept in exchange, are they safe?

[Crypto_lion]

Personally I feel that it is always better to keep it in a hardware wallet .If you wanna keep it in exchange do it when there is a swap and then move it to your wallet . Especially with all the hacks that's happening.

[leialdover]

I believe it is depending on how the security of the exchange is. Even some of the top ranking exchange got hacked even they got their 2fa enabled. To be safe make sure to still take some portions of your coins in a hardware wallet, use different passwords on every exchange account you have and always activate 2fa authentication.

[jackky]

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

I think it is safe. But there are also many cases exchanges are attacked by hackers. But I believe the exchanges will compensate us for stolen tokens. If you want to be more secure then you should hold your token on several different exchanges

[MoonWhale]

Do not store your money on exchangers, they are not intended for this. If you do not use them for a long time, your funds can freeze.

[Malbaunti]

I think it's safer to keep the savings in your offline wallet. No need to keep all the savings on the stock exchange. They get hacked from time to time. I doubt our deposits are insured.

[Gonzo1977]

Keeping coins in exchanges is never really safe, even though some exchanges are pretty safe such as Binance, as I know there have been unsuccessful attempts so far. But it is way safer if you store your coins in ledger nano wallets.

[dakiev]

Coin kept in the exchanges are safe, but enable 2FA authentication. It will keep your coins safe. but it is better if you have a hardware wallet as it improved your security .

[artisarr]

It is not recommended to use exchanges to store your cryptocurrency investments unless you are an aggressive trader. Exchanges are prone from hacking and it is the primary target of hackers

[costgranda]

The exchanges it is not the safest way of storage in my opinion. There were situations when the exchanges were unexpectedly closed and people lost the large sums of money. I prefer to store tokens on MyEtherWallet e-wallet. It is considered in very safe way. But the safest way of storage are hardware purses. Trezor and Ledger concern them.

[tng811]

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

Not at all. Instead, the risk of losing your coins might be even higher because you would never know what can happen to that exchange. Also, exchange is hacker's target anyway.

[Mister1k]

Do not store your money on exchangers, they are not intended for this. If you do not use them for a long time, your funds can freeze.

I see today the site called cryptofond in the forum. They have the shared the sign up offer link with the promotion but it does not work like that mate. It is not like the other exchanges seems like scam one according to my view.
Please review the any exchanges all the website they seems scammy one all the time.
Only wallet providers giving some secured concern to saving the fund on it.

[btchunter786]

I think keeping in private wallet or hardware wallet is safer then keeping in exchange.You may have heard about bithumb hack. so you should rectify you right now..

[LuciferEveningStar]

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

Exchangers will be only safe depending on how long it was working, as of now i always prefer to invest on kucoin because i did not get any problem from it for a very long time so i think that you can count on that exchanger if you want to start investing.

[mary_55]

Don't believe in exchange sites. Most of them are fake. You can listen to different opinions about different investors live.

[Alakdan]

Dont keep your coins in an exchange they are more prone to hacking. Better keep it in your wallet it's always safe there.

[aardvark15]

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

I’ve said this before, but exchanges can get hacked, can make mistakes that cost you money, can go out of business, or can just take your money. It does happen like it did with Cryptsy and MtGox.

The safest place to keep your coins is on a paper wallet or a hardware wallet because you control the private keys yourself and as long as you secure those, I don’t think they can be hacked.

[JaekRock]

I think it's been said pretty well here already, but as long as you're careful with your key information and aren't using a sketchy web wallet/app, it's much less likely for an attack in your wallet than it is an exchange. Plus you have the exit scam factor to consider. I mean, I know you're probably a high roller and everything, but if someone's going through the effort, the exchange probably offers them a little better reward than your wallet.  If you're legitimately concerned about security, get a good hardware wallet and never look back.

[kulsuma]

It depend on the exchanges actually. If you can choose a good exchange than it is comparatively safer, but there is no assurance to it.

[batang_bitcoin]

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

Wrong. Hackers are everywhere as long they can access to the web and have you heard about the other day's news about coinrail and bithumb?

What do you say about keeping our coins on exchanges will make our coins minimize the chance of getting hacked? It's prone to a hacker once they wiped out the overall wallet of that exchange where all the traders coins goes then it would be mess.

[UIXID]

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

For long-term storage it is better to take coins from exchanges to their wallets.
Exchanges also sometimes hack, technical malfunctions occur, and the withdrawal of money from the exchange can take a long time.