Coins kept in exchange, are they safe?

[Marioboro]

I'm not really sure if you should keep your crypto in an exchange. Since there have been many news about exchanges being hacked recently. I think it depends on your intention, if you are trading and is actively using your funds then keep it there, but if your not using it for the longer term, i suggest that you store it in your own personal wallet for safekeeping.

[rdny]

I think the best way for us to be safe is to retain our coins in our personal wallets. I understand that our wallets can also be hacked, but we must employ strict security measures to prevent such incidents like not providing anyone our private keys.

[michellee]

you can keep your coins in the exchange for a short time only and I think you don't have to keep your coins for a long time because we don't know if the exchange still run their business or not. it is better to keep your coins in your private wallet and there are many wallets that you can use to save your coins. I think you can use the exchange for doing trading quickly and after you get the profit, you can send it to your private wallet so your coins will be safe.

[Memenya]

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. 
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.

This is true funny but maybe he is newbi. However i am also newbi but i will not say keeping money in exchange is safer from hackers.
Hackers can hack exchange too so many exchange close because get hack. Or maybe recent issue about exchange hack which make the general price of crypto continue falling. So its not safe to store coin, or token in exchange.

[Pintadj]

Not safe on any exchanges..

[gensol]

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

Thats the worst idea anyone can have. I dont think its ideal and everyone knows that exchangers are more prone to the hacks these days. We have seen so many example by now. Bitrex, Bitumb, and some moderate range marketplace have been hampered with the hacks all the time. Last year millions of worth NEO were stolen, this year ETH and 30 millions worth of tokes from the bithumb. I guess its enough proof for us that putting out stakes over the exchanger can be dangers move. So better store them safe in the private keys owned wallet.

Seriously that is the worst idea. On the exchange, you have no control of anything and your account could get hacked when you least expect it and this exchange can and will never pay you any compensation. But if your coins are on your wallet, you have rest of mind provided you don't hand over your private key or seed phrase to anyone then your funds are very much safe.

[aces777]

They are not safe at all. An exchange should not be used as an alternative for wallets, no matter how much you  trade you should always keep your coins in your wallet. That way if there is any hack on the exchange you can be sure that your coins are safe away from the exchange. I have seen a lot of people talk about keeping their coins on exchanges, this is not safe.

[askmecrypto]

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

There have been cases earlier like MtGox and other exchanges where your tokens are not really safe. To keep your tokens safe, the best practice is to keep them in a wallet where you have control to the private keys.

Lately, however we are seeing a lot of cases of private keys hacking, the reason being users are getting scammed with phishing websites and other malware attacks.
I personally am using a hardware wallet - Ledger and keeping all compatible tokens there, few of the tokens I have on exchanges but I dont really trust them, so if its a big amount and a long term hold, I move them to my hardware wallet.

[natsu01]

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

It is not bad if we try to keep our coins/funds on crypto exchanges than on our personal wallets. As a crypto trader, we are afraid to be scammed by other crypto users out there that taking advantage with the newbies that are new in trading that's why they prefer to stock their coins in their personal wallets. It is good, if the exchange you are going to stock your coins with are requiring email confirmation, secret key and 2FA Authenticator, so that the scammer/s can't open your accounts unless they have the confirmations.

[christofyler]

Keeping coin in exchange is not the best way to save your coin.... Exchange can be hacked anytime, most exchange are been hacked now even the big exchange has been hacked before so I don't think keeping your coin in exchange is a good idea.

[renemagritte]

I don't trust exchanges, but I need to have some coin in exchanges to do trading. But my savings are in my ledger. Hardware wallets are the best imo.

[palermofc]

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

Partially wrong. If the exchange is hacked, you can loose your coins as well. Keep your coins in your wallet and make it secure with all security steps.

[the rise]

That's another alternative to save our Crypto assets, but do not all of our assets are bet on the exchange because the risk is of the same magnitude in comparison we save on the wallet because it is often a troubled exchange because of its security so that hackers can enter on the exchanger is the thing terburukanya if the exchanger not responsible for the loss of assets we have then the losses we will get, we better clear our device from suspicious programs so we calm to keep our assets on the wallet.

[mercy02]

If your aim is to hold your coin for long term investment for the better I will advise you to keep that coin in personal wallet that you have own the control of the private key. But if your purpose to make profit from day or swing trading, no other choice you have to keep all coins in exchange, and for you  to minimize the risk use more than two different exchange, and turn on all security features. Make sure you choose good and legit exchange like Binance, Bittrex and Poloniex. Okay.

[Olafs]

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.

yeah too many clasicall hacked stories, there are too many victims too
i suggest you to buy hardware wallet, it's the safest wallet in crypto world

[supernocturnal]

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.

yeah too many clasicall hacked stories, there are too many victims too
i suggest you to buy hardware wallet, it's the safest wallet in crypto world

i agree with u sir, best protection is save it to your physical wallet and backup your private key just in case something wrong

[Brunus]

Everything has pros and cons.
The exchanges are probably safer than wallets, but if they fail, you lose everything.
If you take good precautions, wallets are still the safest thing.

[Dim4ik]

You don't need to keep too much money on one exchange, it is very dangerous because exchanges often break and steal money. I think the safest way is to keep money in your online wallet

[nestorjacob]

Keeping coins at the exchange is  one of the grave mistakes of day traders. The recent binance hacking lead to one investor who kept 1.5k dollars worth of coins in his wallet got stolen. Some people suggested that he submit claim forms to bianace but as to if he will get a refund is another topic.

[paul gatt]

Your task is to keep your coins safe. You have a responsibility to keep your property. Avoid the bad guys taking advantage of the theft. Protect your money with safe and secure wallets.