Coins kept in exchange, are they safe?

[brocardinf]

I have little faith in the safety of their funds, which are stored in the wallets of the exchange. After all, these coins are no longer in my control and they can do whatever they want.

[iyke12]

Though am not a fan of centralized exchange and their centralized storage of security information . But I know its not the easiest thing to hack them. I advice you store your huge chunk of coins on wallets rather than exchanges, but exchanges are  not so bad as well.

[Piskeante]

wallets can be hacked. Exchanges can be hacked. so none of them are safe.

But, and this is important, if you have your coins in a centralized exchange, the government can access that information and crash you with taxes. If you have them in a wallet, the government will eat shit.

So better in wallets.

[fakegurutu]

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

It is not advisable to keep your tokens in an exchange unless if that exchange is a reputable one like binance, okex, huobi and so much more. Right after trading, transfer right away your coins into your local wallet so that if ever you're gonna need it like emergency, you can right away cash it out for good.

[jak3]

No, it is completely wrong hacking a bitcoin wallet is much harder than any exchange out there. Exchanges are just a simple site with some extra security because they are on the internet and anybody can break them with sufficient hard work and research, but on the other hand, Bitcoin wallet have encryption and public key/ private key feature and many more features which definitely helps in protecting our wallet in much more scale. Of course, no one can protect you from spoofing or other stuff. But hacking your exchange account is much easier than your wallet because it is in a browser and it can easily be hacked.

[kambaralikhan]

I don't suggest anyone to keep their cryptos on exchanges. Exchanges can be hack, they are not safe. Do a little effort and try to keep them safely in wallets. Keep the private keys of wallets safe.

[Hammerman]

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

I am not sure that this is the most optimal solution. Exchange subject to hacking. It seems to me that a hardware wallet is the best solution for storing your assets. It is reasonable to store on the exchange only if you regular trade this coins. I am sure that it is not safe, although it is very convenient. This is the choice of each crypto player.

[Angna27]

No!.. that's not good idea to put your coins in the exchange, because most of them get hacked, its too risky it's like giving them a chance to steal your coin, better to put all your coins in secure wallet so that in the end you may still have the profit with you.

[Garryk]

In principle, if you store money on the top exchanges, the probability of losing money is minimal but still there are such chances. It is also necessary to install two-factor authorization on your account

[mainthread]

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

The exchange is not intended to preserve your assets. For this there is a huge selection of wallets. On the exchange you need to trade and leave your coins there only for this.

[pufenduy]

I think it is safer to keep your coins on a cold wallet. Exchanges does not guarantee a 100 percent safety. They could be hacked, as well as your mew wallet. I prefer the MEW. Just keep your private key safe and do not enter phishing websites and everything will be great.

[michael23]

Exchanges also hack and so it is the same insecure way to store coins, but I think that you can store money, especially if the exchange uses two-factor authentication. But it is better to buy a hardware wallet.

[alex_kir]

I think that there is no security anywhere, especially in the cryptocurrency sphere, but if we are talking about a cold wallet, then it is definitely better not to keep money on the exchange, because your tokens or coins can be blocked.

[vasilisc555]

I can tell you that it is not safe to store coins anywhere. Neither online nor at home are you everywhere at risk. be careful

[stryker]

It all depends on what kind of exchange. You understand that the longer the exchange is not hacked the more interesting it is to hackers.)

[SubZer0]

Ah I forgot about people holding their coins on exchanges, I try not to do that.And yeah sometimes Exchanges wont give you coins you should have if you had them in your own wallet.

[DR_Vladislav]

You cant put all exchange in one side, some exchange are safe to an extend. Thier security method may be safer than an ordinary user who is not excelent in how safely to prptect his seeds.
For a beginner i prefer to keep my alt in exchange.
But i am expert i can use private wallet.

[dearbesz1219]

We have the golden rule in a cryptocurrency world: If you do not own private key, you do not own cryptocurrencies.
And recently Bitfinex had real problems and I though that this was the end of Bitfinex. So be careful with your fuds on exchanges.

[TonixGaming_14]

I think it's safer to keep them in a safe Deposit box or at your notary.
So you'll be responsible for the safety of their assets and in a difficult moment will not be able to make the wrong choice on the emotions.

[Noizebtc]

Of course not. If you do not want to lose all the money you need to have your own wallet where you can store your money. Keeping money on the stock exchange is very dangerous at the current time