Coins kept in exchange, are they safe?

[bootlace]

When you store coins on the exchange, you are definitely putting them at great risk. Centralized exchangers can be hacked or closed at any time. Therefore, it is necessary to transfer coins to a cold or hardware wallet.

It's so but if you trade where to hold? In this case there are no other options. And holding on the exchange makes sense. But if you are long-term holder to hold coins on the exchange account is not so smart  I advice to use wallets as many in this topic.

[SandraStark]

To date, the issue of storage of cryptocurrency is very relevant. Some hold funds on stock exchanges, most use different wallets. We all know that exchanges are unreliable. Firstly, they attract the attention of hackers the most. After all, everyone knows that there are money on these resources, and they are rather big ones. Secondly, fraudsters who are able to depict the attack themselves and then evaporate with a digital currency in an unknown direction may have to do with the exchanges. I think this is enough to stop storing your money in exchange accounts.

[ui_zakharchenko]

I believe that they are not protected at all. Anyone can pick up the hard drive with your coins and fly to rest in warm countries.

[hdtqisg]

If you want to make long-term investments by holding the exchange I have never considered safe. Because an altcoin can be deleted from Exchange, hacked Exchange or a myriad of other reasons, Private Wallet will be the perfect choice!

[johnwest]

Depends on how secure and trustworthy the exchange is and also on how much stash you are going to keep. If its less than 1000$ and in different tokens then keep them on the exchange and trade them. Otherwise, if you are holding them for a long term then its best to keep them in the wallet on your private device.

[sieemma]

There are exchanges that I trust a lot that I know very well that even if there is an attack, they'll make thinks possible to retrieve all funds. I do not want to mention names here so let me put it like this: It is better to keep funds in your own wallet an sleep without thinking of an attack than in an exchange and be praying they don't get hacked. But I can assure people that there are exchanges that will be hard to get hacked.

[Tonstar]

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

in my opinion tney are not one hundred per cent safe but bad things can happen with your coin everywhere so do not get paranoid

[Tonstar]

There are exchanges that I trust a lot that I know very well that even if there is an attack, they'll make thinks possible to retrieve all funds. I do not want to mention names here so let me put it like this: It is better to keep funds in your own wallet an sleep without thinking of an attack than in an exchange and be praying they don't get hacked. But I can assure people that there are exchanges that will be hard to get hacked.

yes i think taht of course there are better exchanges and worse and we ned to know them so maybe you will share your experience?

[Hoxysado]

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

mpre or less they are but remember taht there are different types of exchanges and youncan never be sure with some of them

[Hoxysado]

There are exchanges that I trust a lot that I know very well that even if there is an attack, they'll make thinks possible to retrieve all funds. I do not want to mention names here so let me put it like this: It is better to keep funds in your own wallet an sleep without thinking of an attack than in an exchange and be praying they don't get hacked. But I can assure people that there are exchanges that will be hard to get hacked.

yes i think taht of course there are better exchanges and worse and we ned to know them so maybe you will share your experience?

there are a lot of coins and i think that it depend son their owner i mean gow he or she operate them and what he or she does with them

[Docbee]

Did you hear about what happened to trade.io today their code wallet was hacked keeping your token on exchange isn't 100% safe exchange are hacked several cases so buy hardware wallet and store your token there.

[Tigra3458]

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

I would advise you to keep your Deposit in parts on different wallets and different exchanges. In this case, you will reduce the possible risks.

[Eildosa]

Storing your funds on exchanges is not a good idea. The chance that your funds from the exchange will be stolen is higher than from your wallet. I think it's better to keep your coins in your wallets.

[MuhNofa]

that is not true in my opinion, because too much news about the occurrence of an exchange was hacked by hackers like the news from Mercatox yesterday. and my advice is not to put all your assets in an exchange share your assets and put a portion of your own desktop wallet in my opinion.

[JPSelzer]

On your wallet you control the security of your funds. It can only be hacked because of your inattention or carelessness. There are much more risks on the exchange. It can be hacked and there's nothing you can do about it.