Coins kept in exchange, are they safe?

[JennetCK]

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

If you want, then yoy can keep it in the exchange wallet because for me, it is a bad idea. An exchange can shut down or hacked. So whatever you do, there will be hackers. You want your coins to be safe? Then provide or buy a ledger or trezor. These are wallets for me are the safest, you just need to invest. It is better to be sure than never because you will regret it at the end.

[1713482762]

1713482762

[Olimpikflame]

I don't store tokens in  exchange, because I don't trust them. Usually, if I sell something, I immediately bring it to my wallet. I am calm when I have money on my wallet. How many exchanges have already closed, and people are left with nothing. And no one is insured against hacking

[frchowe214]

Coins kept in exchanges are not yours anymore, technologically. This wallet belongs to the owner of the exchanges. If exchanges go offline, you will lose your money, also hackers can have access to your exchange account. Anyway, I recommend you to store your coin always in your personal wallet.

[hirngespenst]

Some exchanges like Bancor, Qryptos are very safe to store your coins. Qryptos has a very strong security, I don't think hacker hack Qryptos exchange. I mentioned Bancor, which was hacked a month ago. Then why I am suggesting this? Because the user's funds are safe there. Bancor lost 22 Millions of USD, but every user's fund was safe there. Binance was hacked more than once, You may try bittrex too. But, I suggest you buy a hardware wallet and forget every confusion about wallets.

[davcro22]

If there is two-factor authorization on the exchange, then the risk of losing your money decreases, but there is still a risk. Hackers can hack into the exchange account.

[bp124]

huh??? keeping coins in an exchange platform is one of the dangerous thing you can ever do because these days most exchange platforms are getting hacked.

[kayvie]

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

its fine if that's what you feel, but there's still some risk you might face, holding in a safe wallet will be better than using an exchange to store your coins. it will not minimize any risk but its better.

[Pr3ko]

Not at all mate, sometimes exchange platforms are susceptible to all sort of hacking attempts and this can make you lose huge sums of money as was recorded at Coinrail last year.

[dntkcoin]

Never store your coins on exchange unless you are actively trading. Keeping your coins on exchange is bad idea as they can be compromised and you may loss all your funds. It's better to store your assets in hardware wallet or the wallet on your computer.

[slightmoon]

Nothing is safe. It's the real fact. We can just minim the risk nothing else. Really exchange or not safe. They used to give good service but it's better to store coins in our wallet where you have the access of your private key. Hardware wallet or desktop wallet good choice. 

[Kemileye]

I will categorically tell you that coins that are kept on crypto exchanges are not safe because its prone to hack at anytime. Therefore, its safe to store your coins in cold wallet in order to be safe to some extent.

[stunedi]

Yes the risk is low lose keeping coins on the exchange. but still it exists. already not once the exchange hacked.

[AgentZero23]

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

Never put your tokens in exchanges for a long-term hold. Exchanges are the high risk of getting hacked because they hold so much money. You should leave it in MEW wallet or in some cold wallet which is more safer than online based wallet. Only put your tokens in exchanges if you are going to sell it.

[vallydelly]

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

Yeah you are right and I believe that if the exchange get hacked and it is their fault, they normally refund the users of their coins and I think i agree with you that coins are better safe on the exchanges

[Ziltoid]

In fact, the risk increases. if you keep your coins on your wallet it is more secure. And even better to have a separate computer for financial transactions.

[siggy]

It is a big mistake to think so, you have no way to control your money if exchange have any problems, including top exchanges as Binance

[seopro1001]

I don't think the keeping our coins in exchangers is safe, minimize the risk of losing coins to wallet hacker. As you know, recently, there are some exchanges were hacked and there are also some bad exchangers. It is better if you can security your computer/laptop to avoid troja, virus and keep your password, key in safe location, turn on F2A security...

[bitivan]

For those people who trade often, it is better to keep everything on exchanges. For people who prefer long term hodl, wallets is a better choice i think.

[johnnyns]

You're doing the opposite of what is actually safe. Of course there are ways for hackers to get data from your computer as well but if you have significant amount of coins, you should implement some safety measures and you'll be good. Use hardware wallets, backup things that need to be backed up, set good passwords, don't use open wi-fi networks... If your coins are on exchanges you have no control over that and even the largest world exchanges used to get hacked/fail in some other way. Sure that exchanges are getting safer but hackers are also learning things, and there is always that human factor that can compromise things in any system...

[Douglasyukanov]

I have never kept my coin in the exchange too long, I will immediately move my coin back to my wallet because it is not safe.
Putting our coin assets too long in the exchange is very risky, there are many real examples of hacking in exchange, one of them is my friend, he lost his coin before moving it back to his wallet. So, it's better to keep your crypto assets in your wallet, more safer and less risky.