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

[okala]

Very good advice because exchange hack is a general hack that leave the wallet of all users empty so the best thing to do is to safe you huge amount in your personal wallets which you have the keys and by that you holds the security of your wallet always leave just trading amount in the exchange and try transfer your profits to tour wallet.

[mersal]

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 All users that had withdrawn the fund before were safe because they stored their coins in their own wallets.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 is also been possible but in all the time we cannot say it changes or not if they also provide the better security to save our environment to a better position so more than anything security will be increased every time.

[Vaskiy]

This is a suggestion that's been given to every user. It is truly risky to keep the funds in an exchange, and at the same time when we transfer funds often we need to bear transaction fee. For this reason users most of the time hold the funds in the exchanges without understanding the risk associated with it.

[Mrsparks]

You have made salient points on this thread but the volatility in the crypto space makes holding on exchange more preferable..I think the occurance of wallet functions that will allow easy liquidation on exchange will make storage on wallets more profitable..

[Mahanton]

#SAFU

That safu thing came from binance.  It always been said for how many years that don't leave your coins on an exchange
but people doesn't learn until they wont lost their coins into their exchange wallets.There no secure thing other than storing it on your
own personal wallet which you do hold up the keys.

[deodivine1]

Absolutely correct, do not store all your crypto assets on exchanges to avoid stories that touches the heart when hacked. I think most people already know of this but ignore it. As for me, once bitten, twice shy. I had a bad experience with cryptopia and I've learnt the hard way. Please nobody should tell you an exchange can never be hacked, make use of your personal wallets to be safe. Only send funds to exchanges when you need to trade.

[Eraldo Coil]

This has always been my suggestion ever since some of the exchanges got hacked. It is better to invest on cryptocurrency security buy buying something like Ledger wallets. Storing them in your wallet like MEW is also good if you still don't have a ledger. Also, buying a separate computer and e-mail address (if needed) is recommended as well.

[joinfree]

Safety of funds must be one of the highest priority of investors yet i don't know why some people choose to store funds on exchanges i mean wallets which they don't hold the private keys to. Please trade when you want to and once done, just move your funds from the exchanges and store on your own personal wallets.

[Xalata]

With the way exchanges are being hacked almost everyday it is not advisable to save your cryptocurrencies on exchanges. It's safe to store your money on your own personal wallet other than an exchange's wallet. They can be compromised at any point in time and this may let you lose your money.

[rachman mahesa]

Actually it is not recommended to save our assets in exchange. Because we must be afraid, one day something unexpected will happen at that exchange. I got information on one channel telegram that Cryptopia is one of the safest places to store our assets. what's that right? I haven't searched further for that.

[gabbie2010]

With the way exchanges are being hacked almost everyday it is not advisable to save your cryptocurrencies on exchanges. It's safe to store your money on your own personal wallet other than an exchange's wallet. They can be compromised at any point in time and this may let you lose your money.

The recent hack in binance despite their reputations  attested to this fact that storing huge coins with them is a big risk. Personally that hack looks suspicious to me I guess a security breach on their platform is responsible for the hack.
The alternative way of storing or hodling via  a hardware wallet or cold wallet will in a long run protect any coin hodler the risk of hacking or stealing those coins.

[calandra78]

As simple as that just don't trust any platform and deposit your fortunes over there. Withdraw your monies and keep them in a private wallet of which you have total control and less risk from any hack.

Yes it was correct. Before sending anything into wallet flat form make sure to be first clarification software, double check it, name and dev signature. Download only legit and most of people here used without problem anything. Don't trust new software where people don't know about that.

[jerry0]

Isn't binance or coinbase or bittrex pretty much the safest exchanges for storing crypto? 

[Chuky92]

Exchanges will not and can not offer 100% security of users funds. At least with the latest hack, it has shown that exchanges are not secure.
It is better we assume security of our funds via using private wallets, this way we remove any iota of unforseen circumstances.

[Kwansimaa]

No matter how busy and day trading that i would do i make sure i don't save any funds on an exchange platform. I have witnessed so many exchanges that have been hacked and i have been a victim actually at cryptopia. No need to open wounds all over again but please don't save your funds on any exchange platform. Binance just got hacked so which other exchange is safe out there, none if you ask me.

[sabine80]

that was the first thing i learned about crypto. never leave more coins than necessary on an exchange. so far i have lost only 0.001 btc through the exchange hacks and luckily not anymore. hope that stays that way.

[beckspace]

Generally, we are holding hold our cryptocurrency in exchanges account,  to trade quickly and make more profits. Unfortunately, there is no guarantee in terms of crypto exchanges, if an exchange is hack attacked, we will have regrets, there are many examples. Personally, I do my utmost to hold very little capital in the exchange.

[johanesrobin]

After the 7000 bitcoin case was stolen from binance, I increasingly believed that the exchanger did not have a good security guarantee. although binance provides a "SAFU" guarantee but that is not enough. It is better to save bitcoin assets in the hardware wallet, it is safer and we have full access.

[Cheesus]

And now we have another big exchange hack example and that is Binance! The Binance CEO once claimed binance exchange wallet is safer than the hardware wallets and after two months of that tweet, Binance exchange got hacked and 40M USD had stolen! The good thing is the Binance user's funds were not stolen! So, no exchange is not safe to store your coins, be your own bank, buy a hardware wallet and keep strong on your wallet.

[spydee1522]

Why store your valuable assets on an exchange whiles you have your own very wallet empty? Why ignore your own safety with your encrypted passwords and private keys. If you're not a daily trader, I see no reason for keeping your funds on exchanges which for sure ain't safe.