Coins kept in exchange, are they safe?

[AlexanderTW]

We have two different types of exchangers that is Centralised and decentralised exchangers. To some extent its safe when you store coins on a decentralised only if you manager to store your login key in a safe place. But for a Centralised exchange they are easily hacked and passwords are not safe meaning your coins are not safe when stored on that exchange.

[Nivia1st]

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

you are wrong. because exchange can also be hacked. a recent case example is the hacked C-cex market. for more details read this https://bitcoinexchangeguide.com/c-cex-crypto-exchange-experiences-hack-loses-all-doge-and-ltc-funds/

in my opinion the personal wallet is the safest place to hold coins. the most important thing is you have to be more careful.

[KurtEldon]

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

Well the whole world is not a very safe place with all these thieves. If you start becoming very cautious, don’t you think you will stop living in your house? Consequently, the situation is same with exchanges. You need to believe them for coins like PRG, ICX and NEO.

[otunyot]

Coin kept in Cryptocurrency exchange are not safe,  and it doesn't take scientific knowledge for us to realise this.  Exchange become the owner of your coin the moment you send your coin to them.  The control the security of the coin and presumably guard them with their infrastructure.  If however there is a breech,  you coin will be gone!

[angelramirez24]

No, just look at what has happened to exchanges in the past. If you have a lot or are holding long term then you should always use a hardware wallet.

[Kuzja]

I saw a lot of reports where people wrote that they lost their money precisely because they kept them on stock exchanges...

[shvetseu]

Yes, in this regard, the exchange is safer, but do not lose vigilance, exchanges are also often closed.

[Milla Komani]

It's a bad idea to keep all your tokens on the exchange for a long time. They are not there for security. Saving your chips in your personal wallet will be safer. Do not risk your capital

[xOdiumNostrumx]

If you are not in the possession of a hardware wallet, it could be safer to store your holdings on a reliable exchange like Binance where you have options to turn on 2FA which adds another layer of security to your account. But if you have a hardware wallet, there is no doubt that it is superior on basically every front to storing your stuff on an exchange.

[crypt_farid]

 Absolutely not. Mt.Gox, Mintpal, Cryptsy, BTC-e ... you just never know. It just hits you when its too late. Now, having said that, same stuff happens with regular banks. And crypto exchanges are evolving like mad, and with more regulation come more safety. It is crucial you know your exchange and what liability they have to hold custody of your assets

[hardinero007]

Absolutely not. Mt.Gox, Mintpal, Cryptsy, BTC-e ... you just never know. It just hits you when its too late. Now, having said that, same stuff happens with regular banks. And crypto exchanges are evolving like mad, and with more regulation come more safety. It is crucial you know your exchange and what liability they have to hold custody of your assets

you said it the best way.  i learned from my mistakes before not to put too much funds on exchanges.  i was there when mt.gox and btc-e collapsed. there are some exchanges and web wallets that offer very high interest to its users. be careful of these sites as it may run away with your funds.

[AlexAtom]

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

It is depends on what exchange you use. If you using the reliable exchange to save your coins, then it will be safe i think.
But exchange wallet doesn't have guarantee it won't be hacked because some hacking cases in exchange wallets were occurred in the past.

[kicauklaten]

put him in that Exchange is secure. This is certainly true enough to avoid hackers wallet that started pretty much scattered in crypto. but when the price of coins in one market and high on the market occupied down will cost money and it will be a long process for getting moved. but for security then this will be very safe.

[Matimtim]

Why you choose to keep your coins in the exchange wallet if you can stock those coins in your personal wallet, Exchange wallet is not advisable in storing coins for long time its better to stored it in your personal wallet for your a surety

[deredevil]

There is no technology that can be completely safe, everything has risks, and it also depends on how we use it. If we can use it as well as possible and look after it carefully, I think it can be safe. But it would be better if you don't put all coins in just one place. In addition to exchanges, it might be able to penetrate into investments in coins or ICO so that the value of your assets can grow.

[Spoop]

They are not safe, if you do not own the private keys to your wallet then the coins in that wallet do not belong to you, simple as that. Anything can happen to your coins in an exchange and there is not much you  can do about it. Just make sure that your coins are on an exchange only when you are trading them

[sevenbits]

This approach also has risks. There have been cases when the stock exchanges stole money and there have been many such cases. Everything depends on the specific exchange and the specific currency. And on your personal approach to security.

[e@symode]

Security today is a very urgent topic that can be broken by ordinary human stupidity, such as storing your savings on the exchange, because you are just too lazy to install special software, you can lose the entire deposit.

[Dima95]

Not really. Some people expect scam from exchanges which work with tether usd. Cold wallets are the best storages

[sinkfish]

put in multiple wallet. distribute coins on different wallet to reduce risk of getting hack.