siglesias
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August 16, 2018, 01:31:18 AM |
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I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
you are wrong. no one thinks that storing coins in exchange wallet can help minimize the risk of coin loss, even beginners though! there are no other ways to keep your coin safely, besides keeping the coins in a personal wallet! |
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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bitcame
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August 16, 2018, 01:40:36 AM |
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each Exchange I guess having a good security because we must also verify the kyc for could save our assets in the exchanger. But if you want to save for the long term I suggest you keep it in the wallet.
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SamarasLoch
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August 16, 2018, 02:01:12 AM |
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Coins can be kept in exchanges. But you have to be weary of certain exchanges and pick exchanges with a high reputation in security. But your best bet if you want to hold for long term will definitely be storing in your personal wallet as this guarantees maximum security and puts you fully in charge.
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robaya
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August 16, 2018, 02:03:38 AM |
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actually it is very risky to save coins in exchange if we do not buy and trade every day better save your coin assets in a personal wallet that we can guarantee for your own security.
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Danielcrypto2015
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August 16, 2018, 02:11:29 AM |
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I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
Well, its hard to talk clearly, the best choice is that you should store your coins in cold wallet or biggest exchanges (because it has stronger protections than small exchange's). Of course, there were many hacks in big exchanges in the part, however, I think its minor among many international exchanges currently. Good luck, guy! |
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Palmond
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August 16, 2018, 02:17:02 AM |
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I think it's also safe and for us it's also an easy way we use it in trading, so for us you don't have to worry about losing bitcoin on the market, because it's also very safe you save it.
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subG
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August 16, 2018, 02:23:30 AM |
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It would depend on the exchange. Large ones like Binance, have people who keep millions of dollars worth of cryptocurrencies for trading on a daily basis. Just keep what you're using to trade with, there is no benefit for any other reasons.
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princeyeboah
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August 16, 2018, 02:24:15 AM |
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Exchange sites are practically meant for trading of coins and temporary holding of these coins being traded. It does not grant the complete security a wallet can grant its holder. It is always advisable to withdraw your tokens from exchange sites after trading.
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JanVanHellsing
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August 16, 2018, 03:01:12 AM |
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Wow, that's a bad idea that you do.
Don't save your Bitcoin for a long time in the Exchange wallet.
Because the Exchange is very vulnerable in its security hack by hackers.
Be careful friends.
I have some coins on exchanges and feel pretty safe, but I am only using Binance and Cobinhood and these are exchanges that have more than 90% in cold storage. From Cobinhood I know they have even 97% in cold storage. So I don't think it's black and white...it depends which exchanges you use, how often you are trading and what the alternatives are. Most people I know don't have a Nano Ledger at home, just have their token on MyEtherWallet...and this one has been hacked several times. At least it is easier to hack then secure exchanges Binance or Cobinhood. |
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ajiejot
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August 16, 2018, 03:02:53 AM |
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For me NO! It is really a bad idea, very wrong move when you are storing your coins to centralized exchange. There are many cases happened before that some exchanges hacked, so that is very risky for every people holding different coin and just storing it to exchange not on personal wallet.
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blackhawkeye1912
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August 16, 2018, 03:09:10 AM |
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Better to distribute your coins in different storages. Store only a small portion in exchanges, amount that you use in trading. Then, if you're afraid of wallet hackers, store the in hardware wallet. These are devices that are not connected to internet. These will prevent wallet hackers from stealing your coins.
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Btc_1856
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August 16, 2018, 03:12:31 AM |
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Exchanges are meant for trading the coins, it is not for storing the coins. I hope if you show interest towards trading then you can move your fund from wallets to exchanges. If you don't have any experience better move them to your wallets only. For everything, there is risk involved in it.
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Dumoren
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August 16, 2018, 06:42:36 AM |
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In the event that you will likely hold the coin for long haul venture, it is best to keep the coin in your own wallet with your private key control. In any case, if you will probably benefit from daytime or swing exchanging, you have to turn on all security highlights.
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ribolovandrey
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August 16, 2018, 06:51:03 AM |
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Exchanges will be hacked far more often than crypting wallets. I think the tokens you leave on the stock exchange are in great danger.
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omacron12
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August 16, 2018, 06:52:37 AM |
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The exchange could get hacked and you lose your money/token
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JanVanHellsing
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August 16, 2018, 07:13:35 AM |
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Exchanges are meant for trading the coins, it is not for storing the coins. I hope if you show interest towards trading then you can move your fund from wallets to exchanges. If you don't have any experience better move them to your wallets only. For everything, there is risk involved in it.
If someone has a cold storage and rarely trades I see the point not exposing your token to unneccessary risks. But if someone has no cold storage just private keys and trades often it can make sense to leve a fraction of your token on exchanges, especially if they are secure ones. Cobinhood has 97% in cold storage. If you trade a lot and have to transfer your tokens constantly to the exchange and back to your wallet, don‘t you think there is some vulnerability too? Someone could spoof your key, you could make a mistake and send an token to the wrong wallet (Erc-20 token to Bitcoin Wallet). I think a lot depends on your personal preferences and your skills. Ideally everyone had a cold storage at home of course but most do not from what I hear so far. |
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tomboi
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August 16, 2018, 07:14:58 AM |
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Stay careful wherever you store your assets. The hacker is very clever and cunning, once you are careless, you can lose everything you have. Be careful in every activity in your online, so as not to get stuck in malware tricks from hackers.
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heni_april
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August 16, 2018, 07:15:49 AM |
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If you do trade or open the Exchange every day no problem you save your crypto assets there. but for more good news I suppose save your coin in assets your personal wallet. and most importantly you must maintain access to your assets remains secure.
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Whisper555
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August 16, 2018, 07:51:18 AM |
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I believe that you can not keep coins on the exchange, unless, of course, you are afraid of losing them. There were many cases when hackers broke open exchanges and stole coins. Attacks on exchanges continue. The best and safest way to store your cryptocurrency is cold storage and paper wallets.
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Accts4u2
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August 16, 2018, 09:45:17 AM |
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I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
Actually keeping your coins in exchanges increases your chance of losing your coins to hackers. Most of the times, hackers just target exchanges because they know that is where the most amount of coins are. The only time that you should have your coins on exchanges is when the coins are being trade, if they are not in use then you should move them and store them safely in your wallets. |
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