Coins kept in exchange, are they safe?

[mirakal]

Coins kept in exchange to me are not safe due to the fact that if wish to trade the coin in another exchange site it will be difficult to withdraw or they will charge you withdrawal fee.

If you will put your coins in a reputable sites and you are not violating their rules, you won't have a problem with difficulty in withdrawing, fees
are just normal, there is no exchange that has no fees because it's the lifeblood of the exchanges.

[Gelesko]

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

I hodl my coins everywhere, but I prefer cold storage and I have trezor wallet. I think without trezor I would feel more worried, as my valuable altcoins are kept there in safe place. I also trust some good exchanges like HitBtc, Binance, CuKoin and other exchanges.

[sulis sudibyo]

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

You should not do that, have you never seen news about Market Exchange being hacked? you should hold all coins you have in your personal wallet. because it's much safer than in the exchange wallet. although there are a lot of problems about hacking wallets, but as long as you look carefully it's not something to fear.

[James678]

No,they aren't that safe for keeping on exchanges ,because exchange can be hacked and additional intermediaries inrease chances to lose capital

[starplaks]

Quite the contrary, if hackers decide to attack, then most likely they will break into the exchange, because from there more can be withdrawn!

[ramsankadirov1345]

It seems to me that everything depends on the exchange on which you keep your tokens. One can be safe and the other not. You need to choose the most reliable.

[RiskySanchez]

some exchanges already have a google authenticator I think is safe, but it's not highly recommended to be a wallet because the exchange platform with wallet has different functions, it will be more efficient to use a wallet

[turbanto]

I believe that coins stored on exchanges are relatively safe. the exchange has been repeatedly hacked. so they are also not immune from hacking

[pluMmet]

Keeping your coin in the exchange is safe but I think it is better and will be safer if you keep the funds in the appropriate wallet other than in and exchange because while they are in this wallet, you are in total control as long as your personal information are kept safe.

[Bobwallet93]

Hi there!

You should not hold any big investments on exchanges unless you are trying to flip them fast. There are numerous of exchanges with flaws and exchanges that have bin breached.

Few days ago coinhub has been breached and alot of coins were stolen. If you think there wallets are safers then you are wrong, they store the tokens in the same wallets.

Store them on a hard wallet, ledger or such, thats the safest.
Maybe when you have the tokens in your personal wallet, you could stake some rewards and gain more coins!

Greetings!

[btcjoin14]

some exchanges already have a google authenticator I think is safe, but it's not highly recommended to be a wallet because the exchange platform with wallet has different functions, it will be more efficient to use a wallet

A wallet is better than having the coins left on the website for anyone to get. A wallet is not that hard to maintain.

[sieemma]

if you are a trader, then you have no option than to keep your coins on an exchange but if not that then I do not see a need for keeping bitcoins on an exchange when you could have them and protect them better than the exchange as they are more prone to hacks than you keeping your coins.

[lestariptr]

I think it's safe enough. But don't fully believe in exchanges. You better save coins on your wallet than exchange. Because we don't know what will happen someday. So do not linger to save coins in exchange.

[zulfi125]

you should enable 2FA an mobile verification and hold coins in related wallets is best or hold in big exchanges lik binance .

[Pokemon Go]

in my opinion it is not safe, because now there are many incidents of the market gets hacked and in my opinion the safest thing is only to save the coins we have in our own wallet.

[Liklopor]

I think that to keep their coins on the exchange is more secure than your wallet. although both do not exclude the possibility that will be hacked

[erickastella]

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

i better saving my coin in own wallet and keep my private key in secure place and backup it , because we dont know whats happen with the major or normal exchanges if we saving it on exchanges in future , seems alot exchanges got hacked and closed by some regulation , thats why i better saving it on my wallet than exchanges.

[iconoclast]

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

The exchange is more likely to be hacked than a wallet if you are talking about centralised exchanges. If your wallet gets hacked it is probably because you did something wrong. Exchanges get hacked all the time and it is completely beyond your control. Another reason not to keep your coins on a centralised exchange is that the exchange will lend your coins to people who want to short the coin you are investing in.

[mklost]

They are safe, but as we have been seeing exchanges are hacking every month! Some big exchanges like bithumb, bancor got hacked this year, so in future, this will continue. That's why we shouldn't keep our coins in the exchanges for a long time. This is not suggested to use exchange like a wallet.

[Menawi12]

No,they aren't that safe for keeping on exchanges ,because exchange can be hacked and additional intermediaries inrease chances to lose capital

Most hacking in crypto world is always on exchange. Recently, japan exchanger just hacked and lossing $60million worth of coin and token. If we choosing store our coin in exchanger, better using 2FA for our security