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Author Topic: Coins kept in exchange, are they safe?  (Read 5649 times)
Impaler
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September 11, 2018, 07:19:22 AM
 #681

Exchange is not that much secure how you think. Official and hardware wallets are the safest place for holding a token. Exchanges are hackable and vulnerable. If you check some old news you can find many news like that. Almost every big exchange got hacked. Some big exchange are safe but no guarantee. And it's also upto you if you are a long time holder I will prefer a hardware wallet or a good official wallet. Like for ethereum based coin myetherwallet for Neo based tokens Neon wallet and so on. And if you are a trader I think exchange wallets are fine. So it's you but whereever you hold be careful.

 
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September 11, 2018, 07:21:48 AM
 #682

Your COINS will never be safe in any exchange, so it's better to put them in your hardware wallet and absolutely keep them better.

It would be wiser to keep a large number of COINS in one's own purse.
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September 11, 2018, 07:29:14 AM
 #683

These exchanges especially the top ones surely have tough security. But if you guys are planning to hold a coin in years then it should be stored in your own wallets where the keys are in your hands.
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September 11, 2018, 07:53:57 AM
 #684

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

i do too! i just write my address and private key manually by pen and do not leave traces on my computer because there are instances that hackers are implanting viruses on your computer just like what happen on my friends


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September 11, 2018, 08:04:50 AM
 #685

With blockchain technology, do not worry about hackers. If you lose your wallet, that is you are not careful. Error losing wallet is due to you. No one can hack the wallet.
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September 11, 2018, 08:43:29 AM
 #686

I will not store my COINS in online resources, nor will I put them on exchanges for long. Because there are a lot of trading cases that have been hacked and lost a lot of money.
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September 11, 2018, 08:51:32 AM
 #687

Keeping your money on exchanges also can be dangerous. i prefer hard wallet on my computer
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September 11, 2018, 08:57:43 AM
 #688

Coins are not exchange in exchange because there are most hackers are in world and they can hacked all coins very easily, when you coins kept in the exchange then you should use some security which no one can hack your account.

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September 11, 2018, 09:07:25 AM
 #689

exchange are safe for short term. If you just need to store your cryptocurrency longterm, that is you’re not planning on trading them anytime soon, you should keep them in a cold wallet. A cold wallet stores cryptocurrency offline, completely disconnected from the internet. This reduces the hacking risk online, as it takes your coins off the exchanges and out of the cloud. With a cold wallet, you can keep receiving cryptocurrency, but you can’t send coins until it’s connected.
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September 11, 2018, 09:54:02 AM
 #690

Gulshan Bathla:
If any body keep coins in any exchange and put the authenticater as security feature then we can say that coins are safe otherwise without any security, there are less chance to keep safe your investment in the exchanges.

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September 11, 2018, 10:03:37 AM
 #691

keeping coins in exchanges is not a good idea as any exchanges also can be hacked. Although if any exchange provides the 2FA security feature, then there no problem to keep your coins in exchange. But in my opinion, Hardware wallets are the best option to keep your coins safe. Hardware wallets are very high in security features and easy to use.

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September 11, 2018, 10:08:26 AM
 #692

It is safe if you have a strong password and set up 2FA authentication with your account. You must choose big, good and trust exchanges to keep your coins and trade. OKEx, Binance, Huobi are some good exchanges you can trust.
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September 11, 2018, 10:11:28 AM
 #693

It is best to store coins on a special purse in a secluded place. If the exchange is decentralized, the level of security is certainly higher than that of an ordinary exchange.

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September 11, 2018, 10:18:56 AM
 #694

Truly I have no experience of it. But I personally don't believe on this kind of exchanges.
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September 11, 2018, 10:19:20 AM
 #695

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

In my opinion it is more riskier if you are going to put in your holdings in an exchange since according to my research many have fallen victims by loss holdings in their exchange wallet.

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September 11, 2018, 10:22:39 AM
 #696

of course it's very dangerous if we keep coins in coin exchange. we better if we store our coins in our own wallet alone it's already guaranteed safe if we keep our coins in our respective wallets
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September 11, 2018, 01:31:10 PM
 #697

On the off chance that you intend to hold that coin for long haul venture for the better keep that coin in close to home wallet that you have claim control with the private key. Be that as it may, in the event that you reason to influence benefit from day or swing exchanging, no other decision you to need to keep all coins in return, and to limit the hazard utilize in excess of 2 diverse trade, and turn on all security highlights. Ensure you chooce great and genuine trade like Binance, Bittrex and Poloniex.
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September 11, 2018, 01:49:42 PM
 #698

Nowhere is safe enough Smiley Crypto exchanges are great option, such as Binance and Bittrex, but nobody can guarantee the safety of your funds. The most safe way is to get a cold Ledger wallet and to keep your coins there.

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September 12, 2018, 11:35:43 AM
 #699

I think hardware wallet is the safest way to protect coins because it is a powerful password manager and 2 factor (U2F) authentication device. I am using trezor hardware wallet to safe my coins. Keeping coins in the exchanges are not a good idea as exchange site is more vulnerable to be hacked than a wallet. So better to keep your coins in your own wallet.

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September 12, 2018, 11:39:13 AM
 #700

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