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Author Topic: Coins kept in exchange, are they safe?  (Read 5673 times)
crimsongoth
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August 16, 2018, 10:12:31 AM
 #541

I don't think neither exchanges nor wallets are safe enough for the moment. Of course the safest place is the use of paper wallet. But doing this limits the investment options to incredible low levels. I think the most sensible thing for now is to protect your cryptcurrencies in many different exchanges or in many wallets.
LARSBAK
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August 16, 2018, 04:57:46 PM
 #542

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

I don't know, because I've never tried it, I always keep coins and tokens in my wallet and never save them in exchange. but it looks like it will be a little dangerous if you save it in exchange, because exchange is not a place to store coins.
DemonHunter83
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August 16, 2018, 05:03:17 PM
 #543

Exchanges will be hacked far more often than crypting wallets. I think the tokens you leave on the stock exchange are in great danger.
Agreed. It is not necessary to keep all your money on the stock exchanges. Because it's a mass gathering, which is what burglars want. Even despite the difference in security, fraudsters wallets are absolutely not needed, they attack masse.
firaituaku
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August 16, 2018, 05:11:53 PM
 #544

I think it's a bad idea to save your money on the exchange, because the exchange also has a big risk of hacking. I suggest you use a hardware wallet to make your money safer.

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Naweedhamid
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August 16, 2018, 05:13:03 PM
 #545

No. It is a very bad thing. Personally, I have loss my many coins store my tokens in exchanges. Exchanges can be hacking, so be careful. If you need to store your tokens, so don't store your tokens in exchanges, please using an only online wallet or hardware wallet. But I recommend for you using the Hardware wallet because the online wallet is very risky, So the best thing is the hardware wallet. Whatever exchange are using for fats trading or doing the fast transaction, Don't use it to store your tokens.
CryptoSkBoss
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August 16, 2018, 05:16:07 PM
 #546

No, in my opinion if I don't trade any coin then I store that in cold wallet like trezor because if any exchange hack then you may loose your coins. So it's better if you don't trade then store that in cold wallet.
JDS1000
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August 16, 2018, 05:51:50 PM
 #547

I keep all my coins on  Trazor wallet . I think it's safer than keeping them on the exchange, because some exchanges are unsafe .
Muhammad Muneeb
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August 16, 2018, 05:55:04 PM
 #548

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

absolutely not transfer them to the wallet asap. one of my friend's account got hacked with 900$ of btcs.. exchanges can be hacked but not the wallets on the blockchain.

EHT7500
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August 16, 2018, 06:13:58 PM
 #549

I keep more money on exchanges than on MyEtherWallet wallets.
The hackers have already opened my Wallet, but there is no exchange. MyEtherWallet I have less confidence.
Jolyp
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August 16, 2018, 06:17:50 PM
 #550

coins kept in exchange are not safer because exchange has chances to get hacked and stopped for any reason. most popular exchange Binance has been hacked and people lose their coins because they kept their coins in binance.If your assets are little then you can keep them in exchange but if you want to keep lots of assets then use wallet. one more thing when you stored you coin in wallet don't share your private key . If someone get your private key then he can withdraw your coins. Pc wallets are better than web wallet.
PashVit
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August 16, 2018, 06:22:53 PM
 #551

I keep all my coins on  Trazor wallet . I think it's safer than keeping them on the exchange, because some exchanges are unsafe .
In my opinion all the exchangers and the stock exchange is unsafe. Because the crowd has always been the target of scammers, it is best to keep your funds in private cells.
Lovecrafter
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August 16, 2018, 06:23:31 PM
 #552

It seems to me to store crypto currency on the exchange it is much more dangerous. For the last half of the year we have seen a lot of information about the sneak of exchanges, it's very nasty
boltz
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August 16, 2018, 06:25:50 PM
 #553

Not really as we all know what happened with mtgox, cryptsy and others so I would advice everyone to keep their coins on personal wallets or nano ledger. Only keep your coins into exchages when you want to trade or simply just sell your token and cashout bitcoin after.

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Phunke
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August 16, 2018, 06:27:49 PM
 #554

Actually your accounts are only vulnerable to get compromised on exchanges if you do not use the proper security measures, like email,phone number and 2fa verifications, stay away from exchanges that do not have any of these security measures 2fa and google authenticators are more secured always use them and you should be fine.
b1marlin
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August 16, 2018, 06:27:53 PM
 #555

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

keeping your coins for a long time in exchange is not advisable.
it is better to hide it in your wallet. keep it safe there.
exchange is a storage we can use for a short period of time or we are willing to sell it anytime.
Pearls Before Swine
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August 16, 2018, 06:29:49 PM
 #556

Bad idea.
Very. Very. Bad idea.

No way should anyone keep their coins on an exchange, especially if the exchange is one of the sketchier ones like yobit or one of those.  If you can't identify who is running the exchange, there is probably a good chance they're going to pull an exit scam eventually.  One might get away with keeping coins on it for a time, but I would never feel comfortable doing that for long.

Would I feel comfortable keeping btc on coinbase?  Yes, probably.  They're reputable and won't get away with scamming their customers since they're regulated.  Other exchanges I would not keep anything there longer than a day.  One has much less risk keeping coins in a private wallet.
dammytol
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August 16, 2018, 06:32:16 PM
 #557

I don't think it's 100% good to keep tokens or coin is exchange because lot of exchange has got hacked before as long as you are not trading some of your coin don't leave them on exchange for too long because personally I don't trust must exchanges as a person
Packagetol
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August 16, 2018, 06:34:25 PM
 #558

Is not good to keep funds on exchange because their are people who have lot token and coins they kept on exchanges for too long. Even if you want to leave your coins on a exchange always check them at intervals
novy
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August 16, 2018, 06:39:50 PM
 #559

I would keep coins only on DEX for the long term. Why dex? They are not controlled by one organisation, but by blochain with smartcontract for example. The only way to stole the money is to find a bug in smart contract.

Hendramuliadi
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August 16, 2018, 06:42:46 PM
 #560

but you have to be careful, I think there are more Exchange hackers than Hackers wallets. and I think it's safer in the wallet. so far I've never experienced theft in my wallet.
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