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BlasterS
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July 03, 2018, 11:11:17 AM |
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Actually I think it is depends if the coins kept in exchange are safe
because if it is trusted or trustworthy to the public then it is safe and if not it is obvious that is not safe to be trust.
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HyunBin
Sr. Member
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Activity: 742
Merit: 250
SURVIVE | P2E
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July 03, 2018, 11:13:50 AM |
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I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
Its true that our holdings and tokens are not safe nowadays because of some hacker. What I do now is to move all my tokens to some exchanges that has kyc. It surely safe since exchanges have a good security. |
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jankekek
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July 03, 2018, 11:17:56 AM |
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There are some traders are being afraid to stock their funds in their exchange accounts for there are so many pishing exchanges sites that being created by hackers. But on my own opinion, it is safe and secure to stock your funds in crypto exchange/s if those exchanges is requiring 2FA code, email confirmation, or even a personal informations every time it is going to have a deposit or withdrawal requests. In this way. hackers can't request transaction if they didn't know the confirmation code.
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zap2per
Newbie
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Activity: 98
Merit: 0
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July 03, 2018, 04:21:13 PM |
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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.
That's exactly what I think. People tend to forget or just don't do the research and believe that exchanges are safe for storing money but in real life things are very different. You have no guarantees that that exchange will even exist tomorrow and you won't be able to get your money back. Diversification is the key. Use few exchanges and store as few coins as possible on exchanges if you're not trading. |
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Vzae
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July 03, 2018, 04:34:59 PM |
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Don't save your assets on exchange, because it's very vulnerable to theft.
If you want to keep your assets in the long term. it's better to use a hardware wallet, because it's safer than exchange.
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antolinicio1
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July 03, 2018, 04:40:55 PM |
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I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
Storage of coins at the exchange is not the best way. If coins to store a long time that I didn't advise to store them at the exchange. If you want to sell coins through a small amount of time that to store at the exchange too normally for convenience. But in general I would recommend to use hardware purses: Ledger or Trezor. |
Long Bitcoin , Short the Bankers
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Piterg
Member
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Activity: 420
Merit: 15
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July 03, 2018, 04:42:36 PM |
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I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
Why not, for example I like the qryptos exchange, everything is stored on cold wallets and there is a very high level of security, some of the money I keep there. |
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davcro22
Newbie
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Activity: 210
Merit: 0
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July 03, 2018, 04:57:02 PM |
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I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
I think that keeping coins on a crypto-exchange is no less dangerous than on a purse. The advantage of exchanges is the presence of two-factor authentication. |
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duonghi99c88
Newbie
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Activity: 112
Merit: 0
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July 04, 2018, 09:49:48 AM |
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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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Ezenwanyi
Copper Member
Jr. Member
Offline
Activity: 336
Merit: 1
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July 04, 2018, 09:53:02 AM |
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Its not even advisable to keep coins in exchanges if you want to hold the coin for long term.
This is because any form of hack on the exchange may mean the end of your coins.
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matthewio
Jr. Member
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Activity: 164
Merit: 1
bitcoin is great
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July 04, 2018, 09:56:10 AM |
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I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
It is a dangerous thing to do given the increasing incidents of hacks on major exchanges.There are wallets you can use for multiple coins and you control the private keys. |
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soltantgris
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July 04, 2018, 01:27:21 PM |
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I have heard a different opinion saying that keeping your coins on the exchange wallet is more dangerous than keeping it let's say in myetherwallet or something other. The most secure way is to buy a ledger Nano.
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zap2per
Newbie
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Activity: 98
Merit: 0
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July 04, 2018, 03:24:55 PM |
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I have heard a different opinion saying that keeping your coins on the exchange wallet is more dangerous than keeping it let's say in myetherwallet or something other. The most secure way is to buy a ledger Nano.
Or use good old paper wallets. |
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CopMom
Member
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Activity: 336
Merit: 10
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July 04, 2018, 03:27:04 PM |
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It's really risky if you're storing all your cryptocurrencies on crypto exchange  . No matter if it's the best crypto exchange like Binance or bitfinex, it also can be a victim of hacker . Don't ever think that keep your cryptocurrency on exchange will be better than on your own wallet. I think you should read news about cryptocurrency and then you can easily find out so many news about exchange hacked |
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Thardz07
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July 04, 2018, 03:37:55 PM |
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I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
It's even more riskier if you just put your coins in exchange wallets. Do you know that there are major exchange sites that have been hacked? Your coins are not 100% secure on exchange wallets. If I do, keep your coins in a cold wallets. |
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DabsPoorVersion
Sr. Member
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Activity: 1260
Merit: 315
www.Artemis.co
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July 04, 2018, 04:01:56 PM |
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I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
even if its on your wallet or even at any exchanges, as long as there are some hackers, you must stay alert and always keep an eye on it. |
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a123uxcz888
Newbie
Offline
Activity: 98
Merit: 0
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July 05, 2018, 04:54:12 AM |
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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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[ProTrader]
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July 05, 2018, 07:08:46 AM |
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I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
Exchange is more riskier than having your own crypto wallet because exchange is not designed to keep your cryto asset. Learn from the mistakes of others. Many exchange hacked and they didn't refund their funds. |
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strauberyg
Newbie
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Activity: 111
Merit: 0
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July 05, 2018, 09:11:44 AM |
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Actually I think it is depends if the coins kept in exchange are safe
because if it is trusted or trustworthy to the public then it is safe and if not it is obvious that is not safe to be trust.
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apirmalakas
Newbie
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Activity: 134
Merit: 0
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July 05, 2018, 09:24:49 AM |
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I think it is safe to store your crypto in exchanges. This is because with those large amount that they are handling, they are doing the best that they can to protect themselves from threats like hacking. Also, they have the manpower and resources to hire the best people to help them out in this area.
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