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Author Topic: Coins kept in exchange, are they safe?  (Read 5284 times)
Upercusa
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September 14, 2018, 04:45:04 PM
 #721

There can not be absolute security on the Internet. But I'm sure that the exchange is a reasonable solution.
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forestgunman
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September 14, 2018, 04:50:12 PM
 #722

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.
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September 14, 2018, 04:52:11 PM
 #723


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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September 14, 2018, 04:53:31 PM
 #724

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

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September 14, 2018, 04:56:44 PM
 #725

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.

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Fidelityman
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September 14, 2018, 04:59:27 PM
 #726

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

All exchanges security levels are different because many exchanges had being hacked and that shows leaving your coins on exchanges is not a safe place and that can make you lose your coins. It's better you keep your coins at personal wallet and use different security ways.
Nexjr14
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September 14, 2018, 05:06:19 PM
 #727

This is my experience. I once saved my coins in exchange. and then my coins disappear without me knowing. Until now I have never kept my coins in exchange because I think it's too risky.
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September 14, 2018, 05:08:29 PM
 #728

first of all need to know what exectly exchange do you mean. there is a lot of bad exchanges with bad security. or scam exchanges.
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September 14, 2018, 05:13:58 PM
 #729

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

Actually, it depends on the trading platform you choose. Not all exchanges are good security. I recommend Kucoin for security if you want your coins safe.
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September 14, 2018, 05:22:08 PM
 #730

I would not recommend to keep all the coins on the exchanges. First it depends on what exchanges you keep them, if the exchange is small and not very popular it may be hacked and you may loose everything as well, or they may be locked by the owners. I would not recommend to hold on the big exchanges because there are may happen such things like the authorities may demand from the exchange to make big fees and some day it may become a real surprise to you. I would recommend to keep your coins on the Myetherwallet or on the wallets with their own Blockchain.
neatworld
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September 14, 2018, 05:30:38 PM
 #731

It's probably safest to have a three-pronged approach to storing your coins. The portion of coins you want to keep long term should be in a hardware wallet (Trezor, Nano); A portion of coins could be kept in their web wallets or on MEW (I'm not a fan of it though), and only keep the coins you want to trade with on exchanges.
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September 14, 2018, 05:44:14 PM
 #732

Depending on which exchange they are stored with. Generally this is quite safe, but I prefer to keep my coins on my Trezor. anything can happen, exchanges sometimes hacked , replace the address. therefore it is better to keep the most of your coins not on the exchange - on your wallet ..

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September 14, 2018, 05:49:45 PM
 #733

I don't figure I could leave my coins or tokens on a trade for longer than should be expected!
Therefore, numerous individuals have officially lost their cash through a hack or trick trade.
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September 14, 2018, 05:56:19 PM
 #734

Unless the exchange gets hacked...

Or the exchange is a scam. Like CoinsMarkets.com Lost hundreds in COLX there. Still haven't be able to get it. I always keep my tokens on MEW or the NEO wallet.
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September 14, 2018, 05:58:11 PM
 #735

I would not risk it maybe a week or 2, would you hand a random guy 100k and tell them to bring in back when the price rises?

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September 14, 2018, 07:30:20 PM
 #736

I think that you can store coins on those exchanges in which you are sure who worked for many years, but for a short time, for me my wallet is more reliable.


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September 14, 2018, 07:43:27 PM
 #737

I think keeping the funds into a personal private key with a password will be the safest thing you can probably do. As exchanges are not 100% hack proof. If they got hacked then either they have to pay you from their pocket or they have to suicide. or maybe they can just run away, Anything is possible and you know you can not blame the exchange because the security was never week but it's the hackers who get evolved with the latest securities.





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Moli001
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September 14, 2018, 11:00:48 PM
 #738

The most helpful way to safeguard your coin is to leave yours on the exchange. On the off chance that you are a functioning broker, keeping your coins on the exchange enables you to execute and respond to economic situations rapidly and also stay free from wallet hacks and fund theft.
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September 14, 2018, 11:05:34 PM
 #739

you are wrong, storing the assets we have on the market is actually very risky, like a few days ago when ccex was being hacked many people lost their money so I advise you to keep coins owned in your personal wallet to be safer
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September 14, 2018, 11:13:13 PM
 #740

Some Altcoins that are kept in exchange are not safe because they lose their turn in being available. I mean if you intended to keep your newborn currency some times they will expired, if if the currency that you hold even in your wallet lose his value and doesn't increasing his value some exchange removed it to the list and I think the best to those kind of currency is sell and buy a popular one.

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