Cryptokingind
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July 15, 2018, 09:55:13 AM |
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I think if you want to safe your coins 100% then use Hardware wallet because some exchanges are not safe to kept your coins safe. I am using Trazor hardware wallet to kept my coins safe.
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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CoinsCatcher18
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July 15, 2018, 08:32:49 PM |
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It is also not safe to store coins on the exchange. Because any exchange can also be hacked and money stolen. There were already many such cases.
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zap2per
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July 15, 2018, 10:11:44 PM |
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With the current price drop, I think keeping my coins is very right. In the future we do not know for sure whether the price of it is high or not. But to sell at a low price will be a lot of losses. It is best to wait patiently for the market to appreciate.
You are absolutely right but the question was whether it's safe to save your coins on exchange or not. |
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teamsah5416
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July 15, 2018, 10:17:40 PM |
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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.
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bournekin
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Streamity Decentralized cryptocurrency exchange
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July 15, 2018, 10:52:21 PM |
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Actually, exchanges can be also hacked.
However, in my opinion, it is also not too bad to put in exchanges. Every saving (exchanges, wallet, and other devices) may have the upsides, they have the benefits and profits saving our coins on them. Therefore, just consider which is best. I myself diversify some coins on some exchanges and some on my Wallets.
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Pappy_1_
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July 15, 2018, 11:10:08 PM |
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Keeping coins on exchanges is not a good idea. Exchanges can be closed at the request of the state. The exchange can be hacked by hackers as well as wallets. The safest way is to store coins on a hardware wallet
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danggoron
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July 15, 2018, 11:15:58 PM |
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Security is above all. For long-term holding the exchange is not suitable. There are big risks of losing coins. But if i don't have a large amount of coins, then for a short term holding i can safely keep them there.
Wallet exchange is very vulnerable to hack. There are many cases of exchange hacking that we can learn in order not to store large amounts of assets in the wallet exchange. I only use wallet exchange when passing transactions and trading activities, for the sake of asset security. |
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Sinone
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July 15, 2018, 11:23:17 PM |
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Safe but not recommended. Because Exchange can anytime hack by the hackers. Sometime, without any reason, your wallet will be empty in some exchanges. So, better to keep your coins in a good hardware wallet.
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diedvw96
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July 15, 2018, 11:24:12 PM |
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Binance is one of the top exchanges and i would consider them to be safe. I do not really worry when i store my coins on there. Just do 2 Factor auth and don't be stupid about letting your info get out and stuff like that. However it's not 100% guaranteed that something bad will happen like a hack or something. Like mentioned before try and put your coins into a wallet.. leaving small amounts on the exchange is absolutely fine. Invest in a hardware wallet. If you are truly worried about that.
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alenahype
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July 15, 2018, 11:26:24 PM |
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depending on the exchange, if it causes difficulties and frequent technical problems, then you should not trust, it is better to wait for its restorations for a hundred percent, and if there are no negative reviews, then it will be kept for a long time.
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kabum21
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Activity: 196
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July 15, 2018, 11:26:58 PM |
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Bittrex, with their extreme security, has not been hacked yet I believe. Yet. But their extreme security is almost as bad as a hack when people get locked out of their own accounts. Spending and coin security are major problems yet to be solved imo.
I believe QSP are trying to solve coin security, their product and white paper looks promising if they can deliver on it
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Pistachiop
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July 15, 2018, 11:28:27 PM |
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Keeping coins in exchanges are one of the risks some one can take,but most of the time doesn't end well, we all have heard the number of times these exchange platforms have been hacked before,and millions of tokens lost, don't gamble with your investment, always stay safe
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Cactushrt
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July 15, 2018, 11:32:29 PM |
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Bittrex, with their extreme security, has not been hacked yet I believe. Yet. But their extreme security is almost as bad as a hack when people get locked out of their own accounts. Spending and coin security are major problems yet to be solved imo.
I believe QSP are trying to solve coin security, their product and white paper looks promising if they can deliver on it
Bittrex are not trusted they are disabling account without reason so i would not recommend to store any coins in bittrex if you dont want a problem. |
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Hanazawa
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July 15, 2018, 11:36:51 PM |
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For me storing your cryptocurrency on exchange is quite good idea. Because a lot of exchanges particularly in newly launched exchange that has a weak security it is difficult to assure you that your money's (cryptos) are could even safe. But not all exchange are not good for keeping you coins but I recommend you to choose wisely an exchange o store your cryptocurrency.
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flyingcat
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July 15, 2018, 11:38:12 PM |
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Crypto store in exchange is not as secure as you think. Existing exchange floors have many hackers attacking. If you trade cryptos daily, you can still store cryptos on exchange floors but need to improve your account security. Setting a 2-step password through Google Authenticator or signing in with SMS is essential.
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Troysen
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Activity: 476
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July 15, 2018, 11:41:28 PM |
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I don't think they are, exchange platforms are one of the. Most valuable places to store coins, haven't we. Heard of their safety issues with hackers successfully targeting them. Id rather you invest in. Hardware wallets there was iii
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dongosquad
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July 15, 2018, 11:44:15 PM |
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Crypto store in exchange is not as secure as you think. Existing exchange floors have many hackers attacking. If you trade cryptos daily, you can still store cryptos on exchange floors but need to improve your account security. Setting a 2-step password through Google Authenticator or signing in with SMS is essential.
You are right, it is very dangerous because the exchange is prone to hack. Your assets will be threatened. In my suggestion do not use wallet exchange if you want to store a lot of assets |
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koralan
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July 15, 2018, 11:48:33 PM |
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I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
It is not safe to exchange your coin. In my opinion, you want to keep your coin safe, the best way is to trade at least two exchanges or keep in different wallets. |
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superstarbtc
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July 15, 2018, 11:50:06 PM |
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keeping coins in exchange is not safe we should keep coins only in hardware wallet for long-term exchange we cant completely trust the exchanges why because they have hack threat
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Sanitough
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July 15, 2018, 11:51:52 PM |
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There is no safety assurance of letting our coins kept on any exchanger. Hacking scenarios in some exchanges will cause also of losing our stored coins in their sites. Basically, there is no way to think that we are totally safe in crypto, it sometimes we've been hack due to our own negligence especially visiting unsecured sites tend to hack our private keys. It is better to check it before doing anything as their concerned is our private keys.
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