Care of security and don't store your coins on exchanges!

[Olayinka225]

Judging by the recent hack of the most used exchanger, though it's never save to store our coins on exchanges wallet but some are worth taking the risk with. But with the hack of Binance, I think if binance could be hacked, then all exchanger aren't save from hack again.

Always been advocating for hardware wallet.

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[elpiji]

you should be right if we want to invest and buy coins on the exchange, you should immediately pull and secure it in your personal wallet, I have friend and he has lost a lot of coins because of hacking

[okala]

you should be right if we want to invest and buy coins on the exchange, you should immediately pull and secure it in your personal wallet, I have friend and he has lost a lot of coins because of hacking

Its true one should not leave large amount in an exchange wallet because exchange wallets are the target of hackers but it not easy to be moving found from one wallet to another if you are a passive trader with large amount of bitcoin and other coins you trade with one thing you first consider is the fees changed for each transactions. But it also advisable not to leave huge amount on exchange wallets.

[jan.nicolas]

This has been known for a long time, so I think that today it is best to defend ourselves with hardware wallets, which today can still be purchased and today, in general, this is an absolutely serious part of our life.

[electronicash]

the word is out its like preventing you to trade now because of binance hack. i didn't see these advice back when cryptopia were hacked, its only true for those who don't really trade but for those who wants to keep the accumulation, the threat is pretty much welcome. they can hack whichever exchange they want.

[dmamigo]

We understand how important it is to secure your holdings and cold storage is the best place. But as many have stated, trading alts and especially new alts is very risky and it is necessary to be able to sell off suddenly to avoid loss. This advice has been given to all previously as well, but many of us can't help or abide by it all the time.

[PuertoLibre]

If an investor doesn't have private keys, he is not the owner of the funds. It doesn't matter how strong backup plans exchanges have, it is a matter of time to be a threat to investor's money. Having a cold and hot wallet can solve the problems related to the trader and investor case. For short time trading hot wallet, for long term investing cold wallet. Just my 2 cents.

[Cosbycoin]

If you want to increase easily the security of your coins you can do it by a simple step. Just withdraw your coins from the exchange to a personal safe wallet where you have the private keys. In case if the exchange gets hacked your funds are safu. Never store more in exchanges than you actually need for buying other coins.
A crypto hack can also happen to big exchanges, like it happended to Cryptopia, a big exchange from new zealand where huge amounts of crypto funds were stolen from people that had their coins stored on the exchange when the hack happend. All users that had withdrawn the fund before were safe because they stored their coins in their own wallets.
Even big exchanges are no guarantee that they can't be hacked, so better be safe and store your coins yourself.

Storing your coins safely will prevent your coins from getting hacked and you won't lose your crypto by exchange hacks.  

We have been saying this over and over again, I am really getting tired of telling people this because it seems that they are not ready to learn and like losing their funds to hacker. Once you are done trading on an exchange, the best thing for you to do is to withdraw you funds out of that exchange and then fund it again once you are ready to trade, because leaving your funds on those exchanges is going to expose your funds to a lot of risk.

[d1ceplayer]

You're right, never store your crypto assets on exchanges because even top exchange also have risk of hacked, currently only private wallet like hardware wallet is a best ways to store your crypto assets to prevent hacked, but I think still a lot of investor store their crypto assets on exchange because it's easy to use for daily trading.

Sure may people would have learnt their lessons by now through Binance hack, we have so many people that can rely on these top exchanges too much and before we say anything, they mention top exchanges; meanwhile, these top exchanges are the ones that are more prone to hacking than the smaller ones.

It is when this hackers gets to know about an exchange through the hype that they make it their duty to research then and see their weak points, there is nothing more safer in keeping ones coins than to store our coins in a private wallet with a private key that we have our full control on.

[Wintersoldier]

If you want to increase easily the security of your coins you can do it by a simple step. Just withdraw your coins from the exchange to a personal safe wallet where you have the private keys. In case if the exchange gets hacked your funds are safu. Never store more in exchanges than you actually need for buying other coins.
A crypto hack can also happen to big exchanges, like it happended to Cryptopia, a big exchange from new zealand where huge amounts of crypto funds were stolen from people that had their coins stored on the exchange when the hack happend. All users that had withdrawn the fund before were safe because they stored their coins in their own wallets.
Even big exchanges are no guarantee that they can't be hacked, so better be safe and store your coins yourself.

Storing your coins safely will prevent your coins from getting hacked and you won't lose your crypto by exchange hacks.  

I've read about a certain practice where investors here are making the most out of their resource to contribute to the security of their account. They are even printing out the QR code so they just need to scan it right away, and definitely access their account. But what if the fraud act might happen in the system internally?

[Freescan]

yes, so far I have never saved the assets that I have in the exchange because they are prone to hacking, because it will not guarantee the security of your assets, I personally prefer MEW, even now I have not experienced hacking events in MEW.

[lyks15]

You are right we need to think are safety first. We don't need to store coin on exchanges because it is very attractive to the eye of the scammers. It is like in our house,if we leave it open you attract criminals and you give opportunity to them to take what you have. Make sense your security and safety is on your hand.

[Chomsy]

Exchanges are meant for transactions but some people have chosen to make it a store house for their coins. I think it's not so wise especially when it comes to huge funds.

[veraro]

It is not a secret every exchange can be hacked, last event on Binance is only proof it statement. So yes withdrawal funds from exchange is very important for security. But thing is your own wallets can be hacked too. So you need to be very careful also with your passwords and private key and your personal informations.There is no too much careful when it is about crypto.

[Plecet Bank]

Keeping coins in your own wallet is safer. If you save too many coins on the Exchange, I think it's riskier. But if you use Authenticator security, I think it will be much safer too. You must not take risks because there is a lot of hacking in the Exchange. If you store your digital assets in Wallet, it is better if the private key is stored in data that is not online.

[GregH37]

If you want to increase easily the security of your coins you can do it by a simple step. Just withdraw your coins from the exchange to a personal safe wallet where you have the private keys. In case if the exchange gets hacked your funds are safu. Never store more in exchanges than you actually need for buying other coins.
A crypto hack can also happen to big exchanges, like it happended to Cryptopia, a big exchange from new zealand where huge amounts of crypto funds were stolen from people that had their coins stored on the exchange when the hack happend. All users that had withdrawn the fund before were safe because they stored their coins in their own wallets.
Even big exchanges are no guarantee that they can't be hacked, so better be safe and store your coins yourself.

Storing your coins safely will prevent your coins from getting hacked and you won't lose your crypto by exchange hacks.  

It's not good to store majority of your coins in an exchanges. I know some people that does that, just because an exchange is a big exchange doesn't mean that it can't get hacked, it is possible for it to be attacked by hackers, not only small exchanges are targets. Even Binance was hacked recently, and that is going to teach some people a lesson for storing coins in exchange, and that's for sure. If you don't want to hear stories that touch, then it's best to just store a bit of your coins in an exchange, and this should be the coins you're trading with, then the rest should be stored in your wallet which is very much secured.

[efxtrader]

Keeping coins in your own wallet is safer. If you save too many coins on the Exchange, I think it's riskier. But if you use Authenticator security, I think it will be much safer too. You must not take risks because there is a lot of hacking in the Exchange. If you store your digital assets in Wallet, it is better if the private key is stored in data that is not online.

I am agree, store our own coin and token in our own wallet is much safer because most hackers want to stole coin in exchangers. Its very vulnerable because recently binance got hacked and its give us a warning that the best place to store our coin is our own wallet and its much better if we store it on hard wallet

[enhu]

Its been always recommended to just keep your coins inside your wallet and not on exchanges but people like myself just have to put them on the exchanges so its easy to dump when its price hits the peak. Pretty easy that way than you hastily look for the login details of you wallet send them to an exchange and then find out, its too late to sell since all had done it before you do. Its still worth putting them on exchange though highly not recommended.

[samcrypto]

you should be right if we want to invest and buy coins on the exchange, you should immediately pull and secure it in your personal wallet, I have friend and he has lost a lot of coins because of hacking

Only if you bought top altcoins which is available on your wallet but if you are trading with shitcoins then it will be hard to withdraw that money. Its ok to trade on the exchanges of course, buy don't hold so much bitcoin and eth on any exchanges because it can be hacked and you'r money can be a victim. Exchanges must increase their security, I hope they will work on this as many hacking incidents in the past years and yet they are still not secured.

[GGmith]

Keeping coins in your own wallet is safer. If you save too many coins on the Exchange, I think it's riskier. But if you use Authenticator security, I think it will be much safer too. You must not take risks because there is a lot of hacking in the Exchange. If you store your digital assets in Wallet, it is better if the private key is stored in data that is not online.

I am agree, store our own coin and token in our own wallet is much safer because most hackers want to stole coin in exchangers. Its very vulnerable because recently binance got hacked and its give us a warning that the best place to store our coin is our own wallet and its much better if we store it on hard wallet

yes, I agree with you, it's better to keep the coins that we have in our own wallets much safer, the exchanges are vulnerable to hacking, scammers know more about what they think is useful by hacking that exchange. be vigilant and never store assets on the exchange, it's a high risk if hacking occurs.