Coins kept in exchange, are they safe?

[jerry0]

What exchanges have been hacked then?

[1715142517]

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[1715142517]

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[1715142517]

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[leoandrew]

That's what will be going on in the mind of many crypto traders, what to do? yeah most of the exchanges are safe to keep your coins. but don't forget hackers are everywhere, so I prefer it to be like spreaded. I'll store my coins in separate wallets or exchanges in which I trust.

[GreenFingeredTrader]

I don´t think so, there are many news of hacked exchanges, so they are not safe in there.

[zap2per]

What exchanges have been hacked then?

Google is your friend and if you didn't know these things then you should be worried.

Mt. Gox exchange hack with $473 million stolen
Bitstamp exchange hack with $5.1 million stolen
Bitfinex hack with $66 million stolen
Bithumb $31 Million Crypto Exchange
Korean crypto exchange Coinrail loses over $40M in tokens following a hack
etc.

[tresbien21]

It might be safe or might be not. Nobody  knows..The safest wallet you can ever choose it is your wallet based on blockchain . At least this might be a safe place 

[JackMan125]

Never, never know what may happen

[AravinthP]

depends on what exchange bro..binance I am suspecting will be good but it's always better to store it in cold wallet
 one bad thing is all coins are moving to mainnet which is troublesome.

[gabinsight]

Well, I think you wrong there because exchanges are still vulnerable to hackers.. I would only trust myself to keep my coins and not any exchanges.

[emberbekas]

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

The risk persists even if you keep your coins in the exchanger or in your own wallet. But for me, keeping coins in my own wallet will feel safer. I have full control over it and I think as long as we protect our wallets properly, we don't have to worry about being hacked.

[JackMan125]

to add I had btc on Mt gox when it went under and it is not a nice feeling

[alexgreen8012]

Nothing is safe anywhere. Hack can happen anytime. Some exchanges have been hacked earlier. But whats good here is mostly all of them provide users compensation for their losses.

[JENREM]

I would not leave coins or tokens on a exchange for longer than necessary!
As a result, many people have already lost their money through a hack or scam exchange.

I think it depend on the security of the exchange because I already do that so many times but there is nothing wrong happened on the coin that I left on that specific exchange. But if you want to be more secure better get it and not left it too long to exchange.

[Lauff]

the exchange can not be muted, look what happened to the coinrail recently and it will prove that the exchange wallet is not as safe as you think. This is true if you do not have a secure computer at home or do not have the knowledge to maintain it ie install updates, antivirus, avoid phishing sites

[robelneo]

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

No, it's not recommended, it's better to keep it in your wallet and educate yourself on how to protect your wallet from hacking and risk of intrusion, you cannot minimize the risk if you keep your coins on exchange, because they are exposed to large-scale hacking, compare to keeping it to your wallet.

[lexavl88]

the exchange can not be muted, look what happened to the coinrail recently and it will prove that the exchange wallet is not as safe as you think. This is true if you do not have a secure computer at home or do not have the knowledge to maintain it ie install updates, antivirus, avoid phishing sites

I think it's pretty easy. As a child, I was motivated not to get caught on such sites, because the computer was the parent. I have learned hygiene on the Internet and no longer fall for such sites and simple viruses. You can say I even at first glance can identify scammers

[sjdk]

There are still a lot of exchange coins stolen, which is inevitable, and hackers will always catch your loopholes. What we can do is to save our private key and computer security as much as possible.

[Pasaway2701]

I would not leave coins or tokens on a exchange for longer than necessary!
As a result, many people have already lost their money through a hack or scam exchange.

It is not safe to leave a coins on exchanges that is not secure because you might got scammed on it and lost your earnings. But for me, when less amount, I able to trust the exchange that I am using and used a security for it like authenticator which I believe it is safe because no one can open exchange without it.

[bohtrung3]

If I think all exchanges do not work the same way, but they often redeem or change the rules, all of these have a high risk of potential hackers from exchange or loss of coins from changes in government regulations, but it's wise to keep some coins in your own wallet to be assured of the hacker, if necessary one day we can take back, but we have to make some wallets for extra security to keep our coin-coin.

[kaltar]

A year ago, after the collapse of Mt.Gox and BTC-e a majority of the holders of the cryptocurrency was afraid to keep their coins on the exchanges. Now the situation is changing and newbies think that it is safe. But I recommend diversifying your risks and keep some of the coins on the exchange and some on the wallet.

[deepcryptomine]

Generally the exchanges are safe and I never had any issues with my coins on exchanges. However you have to make sure every week that exchange is still planning to keep the coins and it is not delisting your coin.