Coins kept in exchange, are they safe?

[ymirymir]

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

I find it risky because most of exchanges these days are hackable. We should better store our earnings and coins in a nano ledger to make it safer. We must always know how to secure all our earnings and coins.

[ChaoChibai]

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

I think the safest place to save your coin is in wallet, i don't trust any exchange because too many exchanges got hacked too. It will be a very safe if you using harrdware wallet like trezor.

[MaiDinhChien]

You should keep your coin in your own wallet like Trezor, keep in it is the safest. Keep coin in exchange is not enough safe because exchange can be hacked or shutdown.

[bitkanu]

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.

But I've seen plenty of exchanges that got hacked only offer refund for few percent, for example %40 of the total funds the client have it's happened a year ago if Im not mistaken and it's really dangerous considering that the security of the exchange really depend on the developer not
the client, refunding only a half of amount will definitely make the client losing money and put the client in an uncomfortable position while actually the exchange should have all the responsibility.

[Sevarchik]

Its safe while exchange not be hacked.
I dont know how exchanges store their moneys but for him making it harder. They operate everyday huge amount deposits and withdraws.
We can use totally cold wallets where funds in super safe place

[Yury1]

Coins need to keep in a wallet because it is more secure. Now the main purpose of hackers are big exchanges and there have been many cases when the attackers managed to steal a large number of coins.

[sabtu malam]

for me the coins would be safe if it is stored in a wallet without you connect online. because the entry in the exchanger means already connected online. and this will affect its security. because hackers would be easier to get it.

[brijeshmota]

It's always risky to put your coin on exchange but we can trust on some big and trusted exchanges like binance kucoin etc.. otherwise you will put your coin in wallet like coinomi.

[phewinteristi]

You should learn more about how to save your own coins. exchanges risk you losing your coins and losing your money. you should read the suggestions of everyone in this forum. they give a lot of knowledge.

[wall101]

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

Its ok for me but i think make sure your exchangers is legit and you can store your funds there Because many traders lossing there funds after store there funds for a long time ago.

[Robert de Crypto]

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

No way! when you feel safe there will be your nightmare. never put your assets on hot wallet (exchange wallet). Even they have a good trust or popular exchange. Send to the exchange when you want to exchange it. My friend lost almost 1M HYDRO on mercatox. and no response. The best way is to keep your asset in your wallet. and keep tight your private keys.

[hydrococo]

in my opinion, if it's stored in a trusted exchangers then it will be safe. However, still do not save for a long time. because it could be hounded by hackers. and don't carelessly also save in the exchanger.

[Niam_bakri]

You should learn more about how to save your own coins. exchanges risk you losing your coins and losing your money. you should read the suggestions of everyone in this forum. they give a lot of knowledge.

of course all the advice given is very useful. But saving some assets in exchange has the risk of losing assets, but if the exchange provides security guarantees I think your assets will remain safe. every exchange has a level of security that I think is also not easy to be damaged by people, they built a security system that I think is strong enough.

[feelideb]

Coin kept in exchange is not in your control and if it is not in your control then, you don't have limited access to your coin. If your are trading short term with your, do what you want to do as fast as you can and withdraw to a wallet you have control over!

[Bytem3]

Not really. Better keep them in a hardware wallet.

IMO in the future, you will be able to store crypto by a 3rd party with insurance. Recently BitGo got approval for crypto custody:

https://coincodex.com/article/2339/bitgo-receives-approval-to-offer-regulated-crypto-custody/

[tri lie]

The word is safe, it's not entirely your assets will be completely safe. Wherever you are there will always be a risk of being hacked. It depends on how you always control and also watch over it. Sometimes you already feel safe and will not be able to be tracked by hackers, but hackers will be much smarter than the skills you use. So always be careful when you access data online so that you don't get malware traps from hackers.

[great.crypto.finansist]

My opinion is not particularly important, because money has not yet come to the purses of crypto currencies. My some friends lost money in exchange, but most say it's a safe place to store money. However, I will send money to translate, for example, Polonix. For a long time there I trade and in all problems was not.

[RomertL]

I prefer to divide my coins. One part I keep in exchanges and second part I keep on wallet. For me it is the best way to safe myself.

[Quas09]

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

Yes, it is safe to keep your coins in an exchange because it is your own account you have the password and it will not be lost easily in your account in exchange. I think that is a good idea keeping your coins in an exchange but you can keep it in an exchange if the coin is available in exchanges.

[^BuTcH^]

No, absolutely not. All of such coins are property of exchange and i wouldn't rely on them. I heard a lot of stories about HIT BTC frozen accounts, don't get in touch this this shitty exchange.
Use cold wallets!