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Author Topic: Coins kept in exchange, are they safe?  (Read 5649 times)
theGrind
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October 01, 2018, 10:18:15 AM
 #961

Many people keep their savings on stock exchanges, but I'm not a supporter of such cases, I think that storing tokens and coins must necessarily be stored on separate purses. I think it will be much safer than storing on stock exchanges.
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October 01, 2018, 10:29:09 AM
 #962

I hold the tokens only at the large exchanges Binance. I leave a part to lie on a purse. Always it is necessary to divide money for several parts and to store in different places

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October 01, 2018, 01:39:32 PM
Last edit: October 04, 2018, 10:02:07 AM by Dinushan_US
 #963

I  think exchange should not be use for long term holding because exchange can be getting hacked or shutdown due to technical or legal issues.Even the some biggest exchanges  have been hacked some time ago and they can't refund that much big value.Exchanges are not like banks if your funds are reduced or disappear there is no one that will look out for the customer. Other thing is except biggest and oldest exchanges  they can even disappear with your funds.And if you're using private wallet only way of signing transactions is using your private key if you are careful and manage your private key safe by never enter it into airdrop,bounty or website your funds will be safe and other thing is there are some fake sites which are contain same interface with wallet therefore better you can use bookmark for access your wallet.  







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October 01, 2018, 01:53:58 PM
 #964

I have kept all my coins on the exchanges for more than two years and nothing has happened to them. The main thing is the presence of two-factor authentication.

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October 01, 2018, 02:10:24 PM
 #965

if you are not a trader, keeping coins in your wallet at the exchange is a bad idea. get a cold wallet for your coins with a long-term investment. in this case, the reliability of your coins will depend only on you, not on third parties.
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October 01, 2018, 02:20:03 PM
 #966

I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
Keeping the coins in exchanges I think it is not quitely wise. Especially if you keeping the coins for a long term. Just learn to speculate the market situation. Because you should do something with the coins. It will be the wrong idea if you mean to minimize the risk of loosing your coins by wallet hackers. Just be carefull and smart.

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October 02, 2018, 02:40:11 PM
 #967

It depends on you, because current coins are safe if you know the security and choice of potential coins, so they will bring you high profits, maybe one of the Coolest ok today if you choose ETH

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October 03, 2018, 08:09:56 PM
 #968

Is it safe to keep your money in banks? I believe that the answer will follow measured. Not safe. But in my opinion, it is much safer to keep money in cryptocurrency.
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October 05, 2018, 10:23:29 AM
 #969

A lot depends on the exchange itself. There are quite popular, but

they are almost not protected. That's why you should carefully choose exchanges and pay attention to the level of protection of accounts.
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October 05, 2018, 10:27:31 AM
 #970

It depends on the exchanges you put your coins. Just give you an example, lately this exchange "CH" I will not give the exact name just to give them respect but they admit that most of the coins was get attack by a hacker so on and so forth. In short, my point is never trust all exchange platforms stick to those who stand still and doesn't have a bad feedback about something like that.
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October 05, 2018, 10:29:38 AM
 #971

If you want to minimize your risks, hold yourself a cold wallet. To keep funds on exchanges has the same risks, as keeping all your savings on one Metamask wallet. Be careful and never provide any information about your wallet!
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October 06, 2018, 07:05:48 AM
 #972

I think if you keep them in your account, it will be much safer than on the stock exchange. I'm in control of them anyway.
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October 06, 2018, 07:10:54 AM
 #973

I think keeping it on FDIC insured exchanges like Coinbase and Kraken are decent if you are using 2FA.

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October 06, 2018, 07:45:46 AM
 #974

I think they are but always keep in mind that exchange can delist the coin that you are holding.
So for me it is better to keep it at your own wallet a wallet that you have a full control.
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October 06, 2018, 07:56:08 AM
 #975

Understand, if the exchange keeps your coins on cold wallets, it is quite safe, although the human factor can not be canceled, but if it keeps them on online wallets... Goodbye money.
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October 06, 2018, 08:27:49 AM
 #976

Cold wallet is a good solution for you if you want to be in this crypto world for a long time

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October 06, 2018, 08:33:24 AM
 #977

I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
None of the exchanger can provide 100% bezopasnosti store your scriptaction there are cold and hardware wallets.
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October 06, 2018, 08:58:36 AM
 #978

There are two main arguments against keeping coins in exchange:

You don't own the private keys of your wallets
Most are unregulated and uninsured.

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October 06, 2018, 10:50:39 AM
 #979

At the moment there is not a single fully secure exchange. Therefore, I don’t see any reason to keep coins on a stock exchange account. Yes, I also have coins that are on the stock exchange. But I don’t find it reasonable to transfer the entire portfolio to the stock exchange.



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October 06, 2018, 11:02:11 AM
 #980

In my opinion it's certainly not good to save your coins instead because we don't know what will happen to them later. But you must always be careful because some exchanges can be hacked too.
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