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Author Topic: Coins kept in exchange, are they safe?  (Read 5649 times)
bbcolex
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July 15, 2018, 11:53:26 PM
 #341

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


Nah! with the recent scenario of hacking with different exchanges it's never wise to keep your funds in exchanges due to the fact you don't have any control to it when something unexpected happen, so its better to put your funds where you have the control using priv keys/ cold wallet / offline wallet.
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jonsky05
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July 15, 2018, 11:53:34 PM
 #342

I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
If you want to be safe your coins don't put in any exchanges if your not ready to trade it much better to put in your hard wallet that have private key so your coin is really safe. Some exchanges is attacking of hackers even the big exchange got hack too so is not all safe.

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gidaahmad
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July 15, 2018, 11:58:17 PM
 #343

Exchange can be hacked. And the wallet can also be hacked. But according to my research, more wallets are more vulnerable than Exchange. Because I see almost every day there is a case of the stolen coin from the wallet. And hopefully, there is a new anti-hacker technology for the crypto wallet.
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July 15, 2018, 11:59:16 PM
 #344

yes they are very secure, but not on all exchange sites, large exchange sites are usually very secure, hackers are not easy to penetrate...these are some big exchange sites that are very hard on hackers attack = HitBtc, Kraken, Poloneix, Binance and Bittrex, this site is all I highly recommend.

alahmadcoin
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July 16, 2018, 12:09:08 AM
 #345

I think it relies upon the exchange where they store it, on the off chance that I save money on the exchange that requires google authenticator and I think if so the tokens or coins that we guard on the exchange will be.
Paniudto
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July 16, 2018, 12:41:01 AM
 #346

yes they are very secure, but not on all exchange sites, large exchange sites are usually very secure, hackers are not easy to penetrate...these are some big exchange sites that are very hard on hackers attack = HitBtc, Kraken, Poloneix, Binance and Bittrex, this site is all I highly recommend.
Kucoin is not in the list, what do you think of them? I would suggest to spread your portfolio to more than one centralized exchanges if you are comfortable with them.
michellee
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July 16, 2018, 04:35:33 AM
 #347

I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
If you want to be safe your coins don't put in any exchanges if your not ready to trade it much better to put in your hard wallet that have private key so your coin is really safe. Some exchanges is attacking of hackers even the big exchange got hack too so is not all safe.

yes, it is always better if we can save it in hardware wallet so we can watch directly our coins, manage the coins and do whatever we want and we can secure our coins from the attackers. maybe if we want to sell our coins with instant selling, we can send it to the exchanges and after the coin is sold, we need to send back the profit to the hardware wallet so we don't have to worry about anything.

zap2per
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July 17, 2018, 01:16:26 PM
 #348

yes they are very secure, but not on all exchange sites, large exchange sites are usually very secure, hackers are not easy to penetrate...these are some big exchange sites that are very hard on hackers attack = HitBtc, Kraken, Poloneix, Binance and Bittrex, this site is all I highly recommend.

But that's the whole point it's not easy for hackers to hack them but that's always a possibility. No exchange is safe.
yoerumo
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July 18, 2018, 09:52:13 PM
 #349

For a wallet programmer (wallet phishing), yes, you possibly protected. Be that as it may, if DDoS assault happened and a site cut down, a few or possibly the greater part of the benefits inside that specific trade will most likely be gone. Equipment wallet is ideal, for me, and just best wallet to hold your advantage.
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July 18, 2018, 09:56:31 PM
 #350

I do not recommend to always keep an asset on exchange because it could be one of the causes of hacker attacks that could steal our assets. it's better to keep the assets in the wallet offline and be safer from all things detrimental.

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mari12
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July 19, 2018, 09:33:39 AM
 #351

It is still a risky thing to do.  As a matter of fact, I think everything in this market is quite risky. Being a part of crypto itself is risky. Well, life itself is risky, so? Grin
The exchanges could also get hacked, anything can happen. It's no safer than keeping the coins in the wallet, in my own opinion.
salita23
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July 19, 2018, 09:37:25 AM
 #352

All Exchanges are not created equal and one can still lose exchange coins due to exchange getting hacked or shutdown due to government regulation or some other reason. So it is useful to keep a good portion of your coins in your own wallet. To reduce the risk, use multiple exchanges and multiple wallets too.

That might happen depends on the rules of the government but other else depends on the value of the coins. Though it is not a reason to drop out the exchanged because their is a way to go through. After exchange put it in your wallt so that you will be able to use in neccessary way.
pamsugas
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July 19, 2018, 09:44:13 AM
 #353

no secure guarantees, exchanges like mt gox and btc-e ever hacked.
never store your old coins in the exchanger, save your coins into an offline wallet to secure it
Aggioni
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July 19, 2018, 10:16:12 PM
 #354

In my opinion, the main thing is just not to keep all coins in only one place. Even MEW can be hacked and there is a possibility to lose everything.
Koadharber
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July 19, 2018, 10:18:33 PM
 #355

I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
You are having the feeling on wrong way because it is totally an opposite thing where you do keep your tokens on an exchange. Havent you seen the recent or past situations of exchange hacks? If you are then you can able to identify yourself about your current situation if its still safe to put up or store coins in there. Even just using your own wallet and do only have your own access you can still have the risk on getting hacked depending on how safe you do keep up your keys.
Eric Medeiross
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July 20, 2018, 12:03:47 PM
 #356

For safety and risk reduction, leave your money in the purse
Nigmar
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July 21, 2018, 11:14:19 AM
 #357

Individuals like this should be instructed quickly about how sparing in a trade is hazardous and must be told the historical backdrop of mt.Gox and some more. much the same as you stated, individuals that have no idea on the most proficient method to spare or secure their wallet shouldn't get into the digital currency world.
Just on the off chance that somebody have the will, they could without much of a stretch secure their wallet, there's such a significant number of instructional exercises in the web about how to and individuals who are initially lethargic just the person who said that protecting it is such a torment.
nemey
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July 21, 2018, 11:26:10 AM
 #358

Every saving the crypto will have the risks of losing them because of hacks and other factors. But, i also have some coins on exchanges and still keep them there. So far, it is good enough and no problems exactly. however, I must be also more careful in managing the coins and account.

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akbarals9425
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July 21, 2018, 11:29:53 AM
 #359

is not dangerous if save in exchange, although there is no case of lost altcoin in excange it but risky too, like one day altcoin we have decided contract with excange trus not registered in excange how altcoin our fate can still be pull

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July 21, 2018, 11:32:57 AM
 #360

I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
Although keeping your coin in the exchange is safe but I think it is better and will be safer if you keep the funds in the appropriate wallet other than in and exchange because while they are in this wallet, you are in total control as long as your personal information are kept safe and you do not disclose it to a third party.
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