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Author Topic: Coins kept in exchange, are they safe?  (Read 5651 times)
poornamelessme
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June 22, 2018, 04:50:38 PM
 #141

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

Sure, that keeps you safe from personal wallet hackers. But then you are at risk from exchange hackers.

Always safer to keep coins on your own wallet, unless you tend to lose passwords or live in a house full of
less than honest people.

It's okay to keep some coins on an exchange if you expect to trade a lot (otherwise you obviously can't trade very often), or to catch dumps, that sort of thing... but even then, I wouldn't suggest keeping most of your coins on an exchange, just some. And only on well known good exchanges.
rairaimotobike
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June 23, 2018, 04:25:52 AM
 #142

If you are suing a reputed exchange, there is no need to worry. you can split the coin in multiple exchanges to be safe.
axiline
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June 23, 2018, 04:35:02 AM
 #143

Most of my coins I keep on cold wallets, because I think this is the safest option. But I keep the coins for daily trading on the bittrex and bitfinex exchange.
DanyJr
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June 23, 2018, 06:10:06 PM
 #144

I don’t think so because there is bad record of this because before many wallets has been hacked by hackers so you should be secure your account and aware of this based on this you should know how to secure your coins then you can get proper answer and solutions.
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June 23, 2018, 06:15:14 PM
 #145

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

Your coins can never be safe in any exchange so its much better to put them in hardware wallet and be absolutely save. Of course hardware wallets are not free but they are worth it.

choice84
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June 23, 2018, 06:18:16 PM
 #146

Nope and it will never be secure storage place for your assets. There are too many stories when exchange platforms were hacked and users lose a lot of money. Better to use hardware or software wallets for holding and tell nobody about your digital gold.
zap2per
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June 23, 2018, 09:36:31 PM
 #147

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.


There is no good or bad exchange, even the big ones (like Bithumb two days ago) can get hacked. It's just unsafe to keep your money in one exchange for too long.
sammy2394
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June 24, 2018, 07:53:22 AM
 #148

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..
MicaleFalcon
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June 24, 2018, 11:35:34 AM
 #149

Erhereum is one of the most potential coins available in the market. It gained success in the market in so little time. Sticking with Ethere by depending upon EOS is not a bad idea at all.
DarrinEspacio
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June 24, 2018, 11:53:13 AM
 #150

All Exchanges do not function in the same way. There is a risk from potential hackers from exchanges or the loss of coins from the changes in government regulations. It will be wiser to keep a handsome amount of coins in one’s own wallet, if needed, create multiple wallets for added safety.
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June 25, 2018, 07:25:46 PM
 #151

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

Now this is one funny wise decision again.  Grin
How many times were you hacked? Do you know why you are hacked? Have you ever try to consider that it was your fault because of being careless?

You are risking it more with exchanges. Anytime they can close down and that is when you say goodbye to all your coins without a fight.
Unlike with wallets you are the one keeping it safe. You will just have to be careful with attacks and websites that you are going at.

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DonnieMitchel
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June 25, 2018, 07:31:36 PM
 #152

i think it is safe to keep coins in exchange
stephanie9428s
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June 26, 2018, 10:13:22 AM
 #153

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
atomicgroup
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June 26, 2018, 10:16:14 AM
 #154

In my own opinion, I think it is better to keep a very good percent of the coin in the wallet and the rest in exchange because these exchange are also open to hackers and anything can happen and to avoid total loss of fund, it is better to split it into the two places.
zap2per
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June 26, 2018, 05:17:29 PM
 #155

In my own opinion, I think it is better to keep a very good percent of the coin in the wallet and the rest in exchange because these exchange are also open to hackers and anything can happen and to avoid total loss of fund, it is better to split it into the two places.

I would go a step further and keep coins on few different exchanges. Exchanges can steal you money also.
cryptobae10
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June 26, 2018, 05:22:46 PM
 #156

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


Yes
As long as u activate 2fa and secure your account
All coins in an exchange are safe
Bitcoin_is_here_to_stay
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June 29, 2018, 03:04:20 PM
 #157

it is better to keep your money in your wallet. it's much safer than the stock exchange. although everyone chooses the storage options of their own money just recently was a hacker attack and now I think it's all unsafe
dasha_buka
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June 29, 2018, 08:31:28 PM
 #158

this is not the most reliable way to store your funds. more recently, there was big news that many wallets have been hacked. people were losing a lot of money. therefore, storage on the exchange is not as reliable as possible.
hsyncl
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June 29, 2018, 08:34:22 PM
 #159

I do not think anything will happen to the assets that are in Exchange. As long as you stay away from pissing, you will not have any trouble unless you interfere with things you do not know. You can trade with peace of mind.

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HichemFetoui
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June 29, 2018, 08:37:15 PM
 #160

no first rule never let coin in an centrelized exchange second rule never forget the first rule for real this is risky even binance and bitfinex are considering the migration to a decentrelized exchange
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