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Author Topic: Coins kept in exchange, are they safe?  (Read 5552 times)
pdutta
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September 12, 2018, 11:35:43 AM
 #701

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
 #702

You'd better wait, as there will be more profits and you will overtake your goal, it will still fire, remember my words. Wait and everything will turn out for you. Thank you!  Cool Cool Cool
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September 12, 2018, 11:51:35 AM
 #703

It's risky to keep all your coins on exchange. In the recent time we heard many exchanges has been hacked So Keep that much coins only that you want to trade on exchange and rest of the coin keep safe in hardware wallet that is very secured. I am using trezor wallet to keep my coins secured.

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September 12, 2018, 11:56:01 AM
Merited by hardinero007 (1)
 #704

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

i will tell some disadvantages of keeping coins in exchanges.
- there would be occasions where exchanges will delist coins, and if you own the coins and do not withdraw within time frame, then your coins are toasted.
- there would be exchanges who would scam people's money.
- there would be times where withdrawals are not done right away.  sometimes it will take hours or days.  when you needed your money, then you are in trouble.
- most exchange do not stake your coins.  if you own a pos coins, then you're out of luck.

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shiming
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September 12, 2018, 11:58:37 AM
 #705

Not very safe. It's best to put it in your computer's local wallet. This way I want to be safer, but you also need a virus yourself, and now the virus has stolen the password. Too much. Many people have been stolen. This is all because of the virus.

Ivanmikronov
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September 12, 2018, 12:06:36 PM
 #706

Store on the exchange of a large sum is not exactly right, because the exchange is also hacked and there is a risk of losing your money. Keep there the bare minimum of coins or dollars, you need to day trade.
Volk-05
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September 12, 2018, 12:08:14 PM
 #707

Coins on the stock exchange seem to me to hold dangerous, because very often they are hacked by hackers!
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September 12, 2018, 12:14:16 PM
 #708

No, and again not, because all the money that you have on the exchanges lies on another purse and this purse is now not in your power, so it should frighten you already, I think it's normal.
Dobriy 4el
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September 12, 2018, 12:18:04 PM
 #709

coins can be lost at the exchange. There were cases of breakings of the exchanges. If you constantly trade, then there is no sense to remove from the exchange, but if you have just bought for long term, then it is better to transfer to a purse
haidangtp
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September 12, 2018, 12:25:42 PM
 #710

If you want your coins safe then store it on a hardware wallet. If you keep it on the exchange, there is a risk of losing your account when hacked.
keepandhold
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September 12, 2018, 12:27:38 PM
 #711

I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
Remember one important rule: if you do not have full monopoly access to your crypto currency, then they are in great danger. Your crypto assets are on the accounts of the owners of the exchange, and what if tomorrow you go to their site and the browser will tell you that there is no such page?
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September 12, 2018, 12:31:04 PM
 #712

for the long term I suggest that you don't save coins on the exchange, if only for a few weeks I don't think it's a problem. but for the security of your assets, I suggest you save coins in your own wallet.

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September 12, 2018, 12:58:10 PM
 #713

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

storing the crypto that you have in the exchange will invite a very large risk. because we don't know when the exchange will be hacked, the guess is the hacker. it's better to just save Crypto that we have in our personal wallet. I think it's a solution to reduce risk.

tins
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September 12, 2018, 02:37:42 PM
 #714

If you are more coin want to hold them for a long time, I recommend you find these wallets that can be used on personal computers when off. As the market is so bleak now, everyone loses confidence in the crypto, which will lead to many exchanges going to shut down in the next year.
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September 14, 2018, 04:41:15 PM
 #715

I think at the initial stage-this is the safest option for storing cryptocurrency, especially if you do not invest in it , and speculation on it.
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September 14, 2018, 04:43:04 PM
 #716

I always worry about coins in exchange.
Yesterday it took me 19 hour to withdraw tokens from hitbtc and i got panic!
Holding coins in exchange is always problem but DEX is different and safe we need to move DEX
I Love Crypto Noda
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September 14, 2018, 04:43:29 PM
 #717

there is no 100% absolute safe place for keeping tokens
Upercusa
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September 14, 2018, 04:45:04 PM
 #718

There can not be absolute security on the Internet. But I'm sure that the exchange is a reasonable solution.
forestgunman
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September 14, 2018, 04:50:12 PM
 #719

Of course not. In fact, putting coins on exchange is the most dangerous way of storing coins because there are many hackers trying to hack exchanges and steal all the coins away from them.
fudster
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September 14, 2018, 04:52:11 PM
 #720


There are some coins I left in binance which I have bought since last year, I never really took it out as I just want to receive Airdrop from EOS. And since binance distributes EOS airdrop, I did put all my EOS there. Nothing really bad happened to it although its not a very good habit. I did it because of EOS tokens. Its still best to have your tokens in a safer wallet.
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