Coins kept in exchange, are they safe?

[gurunanakji777]

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.

[1713971389]

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[1713971389]

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[1713971389]

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[1713971389]

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[sherwinsamsung]

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.

[shiming]

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]

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]

Coins on the stock exchange seem to me to hold dangerous, because very often they are hacked by hackers!

[e@symode]

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]

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]

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]

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?

[llecrf]

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.

[kak uli]

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]

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.

[b_economic_d]

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.

[adam1230]

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]

there is no 100% absolute safe place for keeping tokens

[Upercusa]

There can not be absolute security on the Internet. But I'm sure that the exchange is a reasonable solution.

[forestgunman]

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]

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.

[Fadhil Pahlawadi]

if our position is to save the coin, it must be in accordance with the wishes of our heart, that's all we have to have the intention to sell in the long term and not to lose in the mid-round in this forum

[jennerpower]

Basically, yes! There are lots of exchange that offers a security for their assets and it is always true. They are safe but technically, there are what we called hackers that we can't stop to do what they want to do. We know that the exchange teams are doing their best to deliver us the service we need and secure those assets that we have on them. We can trust those exchanges that has been already established, it takes precaution to transfer your assets to a newly created exchange.