Coins kept in exchange, are they safe?

[DaryaDancova]

Exchanges are hacked much more often than crypto currency wallets, so it's better to store your crypto currency in your wallet. Either buy yourself a cool purse and keep the money there.

[Obolo]

Keeping it on an exchange is even more risky than in your wallet. I don't think it is a good thing to keep your tokens on an exchange. Once you are done transacting on the exchange, it is best to withdraw and keep in your wallet. You just have to keep your private keys very safe.

[tng811]

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

Only keep your coins on wallet when trading. If you plan to hold for long term, then it's never safe to do so. Exchanges can also be hacked and closed unexpectedly and there are many similar cases already happened. The safest one is still keeping your coins on your own wallet, preferably a cold wallet.

[trudovik]

No! Your tokens that you leave on the exchange are in great danger. Because you pass your tokens to strangers and into someone else's wallet, if you think that such actions do not add to the chances of losing tokens, then you are wrong.

[JanVanHellsing]

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.

There have been a lot of hacks recently indeed. But not only exchanges, also MyEtherWallet go attacked already several times and millions were stolen. I would keep most of your coins on the Nano Ledger and use only exchanges that got certified as hacken proof, currently there are only 2 (Binance and Cobinhood)

[Glen1989]

I try to minimize the risk of possible hacks - and keep tokens on a cold wallet - which I keep for the long term . On the exchange I have those that I plan to sell in the near future

[PurpleNights]

Well, it depends on the exchange, cos I also want to believe that exchanges could also be hacked. Although some exchanges try to give maximum security on their part. However, for me, I feel like it is the same risk involved. Whether or not you leave your money in exchanges or put it in a wallet, it's the same level of risk, cos they both have the potential to be hacked.

[Nikola95]

It's not safe to keep our coins. Your property must be carefully stored with a secure password only if you know it. We worry only that when we store them when prices drop, they lose a lot. That is unavoidable.

It is unavoidable, yes. But that's what concerns only panic sellers. Real trader would invest only in good crypto, and he don't care for ocasion pumps and dumps. Ofc someone want to trade on these pumps and dumps, and want to earn on short time, but risk is bigger and you can't have money on wallet.

[Nigmar]

I trust binance,mercatox and cryptopia in my venture since they keep running here for so significant lot of time yet at the same time there's no affirmation in any exchanging site here like on the off chance that they got hack from some terrible individuals so our money can got hack too really I utilize 15 exchanging site now then I depend just in their prominence in crypto so's useful for speculation in spite of the fact that exchanging is extremely unsafe still we have a considerable measure here that have great notoriety and on the off chance that I got trick then I will discover other exchanging site to anchor again me from programmers.

[philX]

I can not think so in light of the fact that there is awful record of this on the grounds that before numerous wallets has been hacked by programmers so you ought to be secure your record and mindful of this in view of this you should know how to anchor your coins then you can find legitimate solution and arrangements.

[MinerFTW]

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

Keeping your coins in a exchange account is not as safe as you think. There, too, they can become a target of hackers (which happens quite often in general). I personally would not recommend you do it. There are enough secure wallets on the internet. There are also offline / hardware wallets.

[poornamelessme]

The only logical reason to keep coins on an exchange if you plan to sell or trade them.

As a longterm storage solution... they stink.

And even for trading, I wouldn't suggest keeping too many coins on an exchange, just a portion of your holdings. Basically as much as you are okay with potentially losing without feeling like the world is ending on you.

[pinoyden]

The only logical reason to keep coins on an exchange if you plan to sell or trade them.

As a longterm storage solution... they stink.

And even for trading, I wouldn't suggest keeping too many coins on an exchange, just a portion of your holdings. Basically as much as you are okay with potentially losing without feeling like the world is ending on you.

some peeps prefer to store their coins for a longer time inside an exchange or trading site because they already set an automatic order for buy/sell . they do not have the time to monitor the market or the prices of the coins more oftenly maybe because they are always busy  .  but as on what youv said , i think it is still much better to not store all of your funds or better put amount that you can only afford to loose because we never know if that exchange might be hacked someday  .

[delarossa]

That's not the right idea, keep all your tokens on the exchange for a long time. In fact, if you keep all tokens in exchange, then most likely our tokens will disappear. Even though I have never experienced this, but I just say that storing your tokens in a personal wallet will be safer. Especially with hardware wallet even though the price is expensive but if we get big profits, why not buy it?

[HashWorld]

Safety:

Cold wallet > Hot wallet > Exchange

[Freezingel]

They are not that safe if you leave them on exchange, there's several cases of exchange being hacked and exchange suspending people accounts without notice before, although the chance is low but you should not leave your coin there especially if the amount is large. Keep your crypto on wallet where you own the private key, learn how to be careful and things to avoid because that way you can survive for a long time in crypto.

[VeeraS]

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

it is certainly safe if you install the security even more for the exchange you use. this is important if you are a trader, but if for long-term holding you should put it in the hardware wallet.

[Cryptomonyet]

This is not recommended and really bad idea, because you can lose your money anytime (even it's not because of hackers). An exchanger can losing your money whenever they want, they are even more dangerous than hackers. You better keep it yourself, use a complicated password if you use web wallet or you can use hardware wallet for more security. You can not predict where hackers come from.

[markalis]

if you take care of all your accounts, I don't think that will be a problem, don't click the link carelessly and check your network carefully

[Nikitavoz]

I think it's better not to keep coins or tokens for a long time at the exchange because it is not reliable. Although much depends on the specific exchange that you use.