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Coins kept in exchange, are they safe?
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Topic: Coins kept in exchange, are they safe? (Read 5649 times)
bit..what?
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 12:09:36 AM
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#741
Never keep coins on a exchange than necessary.
Even a exchange can get hacked and most of the times the user of the exchange loss his coins through a hack.
Therefore, withdraw the coins, if you do not want to trade with them.
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goodman4hire
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 12:18:54 AM
#742
Coins in the exchange never are safe. The exchanges are for temporary quick trades and then right back into your personal wallet. I have had some bad experiences in the past with Houbi coin and after that I never stay on the exchange for more than 24hrs.
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Bitfling
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 01:16:29 AM
#743
Quote from: jekainvestor on September 14, 2018, 05:22:08 PM
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.
Exchanger wallet is not safe to keep our coin and token. Most hacker targeting on exchanger because many user keep their coin and token in exchanger wallet. If we decide to keep coin and token on exchanger, its more safe if we use 2FA to secure our account
BTCHadzija
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 01:30:37 AM
#744
Depends on the exchange, I trust Binance as much as I trust Myetherwallet for example, but I wouldn't trust a lot of these shady exchanges
nwanne
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 01:47:51 AM
#745
I don't really think so because exchanges could be hacked, as we have seen it happened to even one of the biggest exchange, I still think store our coins in the wallet, is still the best option, you just need to guide your private keys very well.
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MicroGuy
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 01:50:32 AM
#746
Quote from: olacubic32 on June 16, 2018, 01:21:06 AM
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
It all depends on the exchange and your skill level.
Russlenat
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 01:58:02 AM
#747
I also keep some of my coin in exchange like in cryptopia and kucoin, thus altcoins i put there is for trading purposes and due to market fall i wont trade them for a while and i think it is safe, i put it there since May 2018 and i don't have any problem on it.
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nasipadang
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 01:59:36 AM
#748
Quote from: olacubic32 on June 16, 2018, 01:21:06 AM
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
I think exchangers have more holes than online or offline wallets, although it is safe or not it depends on yourself as a holder, it's just that in my opinion if we save in exchange it will make it easier for us to trading, so you don't need to move your funds around from wallet to exchange.
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mbally
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 01:59:42 AM
#749
Nothing is safe in my own opinion, the only thing i might consider an exchange is because if they get hacked, they normally refunded the people that are affected, but notwithstanding, storing your coins in the wallet you have the private seems to be the best, exchanges might delist the coin, or implement policy that might trap your coins in their exchange.
alfs75
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 02:08:19 AM
#750
Quote from: olacubic32 on June 16, 2018, 01:21:06 AM
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
Will,in my own opinion its not safe to keep some of your crypto coins in the exchanges,because of so many circumstances,and one factors of this if maybe the exchanges been hacked,or declared bankcrupt on there exchange trading,there is no guarrantee that you can get back all your crypto coins thats you put up on thats exchanges,so therefore its better thats you must keep all your crypto coins in your wallet,and put it only when you doing trade.
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erikoy
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 02:11:40 AM
#751
Yes they coins that are kept in exchanges are safe but you must also know that there are online scammers phishing out online exchanges or those account that are being used to access that exchange wallet and if you are online you should not forget to log out everytime you are done doing trading or transactions with that exchange.
ndico
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 02:14:47 AM
#752
I think I will disagree with you, exchanges can be hacked as well, and you will lose your coins, for me I will prefer to hold my coins in the wallet than leaving them on the exchanges, I will only leave on the exchanges if i am trading them, if not, i will move them to wallet.
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katri
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 02:43:19 AM
#753
I think it's yes, the coin in exchange are safe, because it was secured by the team of exchanges. I am more confident in storing my coin in the exchanges than storing it to MEW. Its more vulnerable to hackers.
xiahui135
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 02:45:03 AM
#754
do not risk all your money. Why do you give the control of your life to others?
erikoy
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 02:48:20 AM
#755
Quote from: nwanne on September 15, 2018, 01:47:51 AM
I don't really think so because exchanges could be hacked, as we have seen it happened to even one of the biggest exchange, I still think store our coins in the wallet, is still the best option, you just need to guide your private keys very well.
Well it could be possible of course but they can only phished you out or the exchange itself could be breach but as we all know that the developer of course does not want this to happen so they are actually securing exchanges and its wallets. Anyway we have to be cautious to not always log in in that exchanges to avoid getting phished out.
Omtamvan
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 02:57:59 AM
#756
the risk is the same whether it's in my wallet and also in Exchange. hackers have always had many ways to be able to take any assets over it in the server online. but at least a lot of hacking cases occur in the wallet and this makes the Exchange may be a little safer.
sinachy
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 03:02:25 AM
#757
Both keeping on the wallet and keeping on the exchange are both prone to hacks, I think the best to do is to be careful and learn some tips to will help us to protect and safeguard our wallet better
mullzerwar
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 03:14:26 AM
#758
If I would prefer to keep in the wallet of course. because it connected online exchangers. and it's very easy to track by hackers. very dangerous and it is less safe.
Najam11
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 03:16:50 AM
#759
Exchanges can be hacked.
Fantastickarl
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Re: Coins kept in exchange, are they safe?
September 15, 2018, 04:25:01 AM
#760
I feel that , this is the place where the hacking is more. Exchanges are not safe. You should be wary of exchanges. You need to keep your coins in your wallet. This is more better than keeping it on exchanges.
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