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

[ziggy21]

individuals will never learn, their covetousness and lethargy will dependably show signs of improvement of them and they will finish up putting away their coins on trades and at some point or another they lose every one of them in a squinting of an eye.

we have had many instances of trades being hacked or basically defrauding their clients and fleeing. MTGox, Cryptsy, Btter, Bittrex, Bitfinex, ... also, presently Binance.

also, in the greater part of these case the main error individuals made was to confide in the trade since it had a huge volume and was "prominent"

[Mianae]

The best security approach is using a hardware wallet for the storage of your coins. With a hardware wallet, it's safe and one won't tell stories of hacks or missing funds as people have recently reported their funds missing on exchange of recent. I advice everyone in crypto to save up and buy a hardware wallet.

[motienvolam]

The best security approach is using a hardware wallet for the storage of your coins. With a hardware wallet, it's safe and one won't tell stories of hacks or missing funds as people have recently reported their funds missing on exchange of recent. I advice everyone in crypto to save up and buy a hardware wallet.

Hardware wallets don't help to secure your funds better, it totally depends on the way you use your hardware wallets as well as other kinds of crypto wallets. The key thing is whatever wallet you use to store your funds, private keys or seed phrases should be stored safely in different methods and different locations. I totally agree that users whom have ability to control and secure their wallets, should not store all their funds or most of their funds directly on exchanges, due to risks of hacks on exchanges. Someone who have not know how to use wallets for Windows, iOS should learn to use it. Crypto investors should store minor part of their funds directly on exchanges, because only big and reliable exchanges will compensate for their users when hacks occur.

[Taufik blackspade team]

Certainly, hacking event of the best exchange should be a lesson to all of us. Maybe this time the stolen money was paid back, but it is not clear what will happen next time. Maybe, amount is poor, then if you can afford to lose it then let it be.

is there news that the hackers managed to take money from the exchange? because I didn't hear that happening. which I know is only hacking against large exchanges. and not the developer has fixed the security system on the exchange.

[trauchot]

I completely agree with you, now it is generally incomprehensible, I constantly hear that various tokens disappear from various people who keep their tokens on various exchanges, and therefore it is best not to do this anymore and to keep your tokens in a safe place, namely in your wallet.

[raes]

I completely agree with you, now it is generally incomprehensible, I constantly hear that various tokens disappear from various people who keep their tokens on various exchanges, and therefore it is best not to do this anymore and to keep your tokens in a safe place, namely in your wallet.

from the past storing our assets in exchange is not a wise choice. we know exchanges can sometimes be hacked, and indeed it will be safer if we store our assets in the personal wallet we have.

[starblocks]

In this regard you do have to be very cautious not only of storing your coins on cryptocurrency exchanges but also storing them safely off-line in cold storage or using a hardware wallet etc. and if you are going to use lesser well known exchanges make sure you don't keep large amounts of funds on them and only trade in smaller quantities and first test that deposits and withdrawals work in order to minimize any losses that may potentially occur

[Astvile]

This happens to me.I stored a few couple of dollars on coinsuper and i forgot about it and  i stumble upon it on my phone and remember i have few dollars there left and its all gone with no withdrawal records no sell orders and no balances.Im thankful its just a small amount

[aioc]

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 the rule of the thumb, and it's been proven time and time again, we will see more hacking in the future and if your coin is in your wallet, you have a lot to be sorry, that means you are not listening to advice that exchange is not the best place to store your coins.

[kier010]

i never store my coins in exchange because there are cases where exchanges got hacked. even though it has a tight security hackers may find weak points and exploit it. it store my coins in mew and never get hacked.

[Netnox]

If you are holding altcoins outside the top-25 list, then there are few options to store them. Not all of them may be supported in hardware wallets. So the users tend to store them in exchange wallets. The problem is that they lose all of their holdings, when the exchanges get closed down, due to hack or some other reason. Also, traders have no option but to store their coins in exchanges.

[labenea]

Yes, we know that in the end there are many exchanges that are experiencing hacking, this will endanger every user who stores their assets on the exchange and until now I prefer to store assets in my personal wallet because security depends on me personally.

[SaRmY]

Yes, we know that in the end there are many exchanges that are experiencing hacking, this will endanger every user who stores their assets on the exchange and until now I prefer to store assets in my personal wallet because security depends on me personally.

Well, this is not a solution to our problem. It is expensive to do depositing and withdrawing funds. Of course, losing everything when hacking is more expensive. But if you enter and withdraw funds from the stock exchange for 12 months, how much will you lose on commission.

[Juggy777]

If you are holding altcoins outside the top-25 list, then there are few options to store them. Not all of them may be supported in hardware wallets. So the users tend to store them in exchange wallets. The problem is that they lose all of their holdings, when the exchanges get closed down, due to hack or some other reason. Also, traders have no option but to store their coins in exchanges.

@Netnox what you have written here just happened with me, I keep telling people not to leave bitcoins in exchanges as it’s very risky but I forgot I had left deeponion at cryptopia. As all will know Cryptopia were hacked and now they have appointed an liquidator who they claim will clear out funds, however I doubt I’ll be able recover my funds. It’s a bitter lesson for me to loose my funds approx ($2600 when deeponion prices were at it’s peak), but I do hope people will not repeat the mistake I made of leaving funds in exchanges.

[traderethereum]

If you are holding altcoins outside the top-25 list, then there are few options to store them. Not all of them may be supported in hardware wallets. So the users tend to store them in exchange wallets. The problem is that they lose all of their holdings, when the exchanges get closed down, due to hack or some other reason. Also, traders have no option but to store their coins in exchanges.

@Netnox what you have written here just happened with me, I keep telling people not to leave bitcoins in exchanges as it’s very risky but I forgot I had left deeponion at cryptopia. As all will know Cryptopia were hacked and now they have appointed an liquidator who they claim will clear out funds, however I doubt I’ll be able recover my funds. It’s a bitter lesson for me to loose my funds approx ($2600 when deeponion prices were at it’s peak), but I do hope people will not repeat the mistake I made of leaving funds in exchanges.

Speaking about Cryptopia, I have some coins too in that site and same as you, I don't think that I can get those coins back to me because the situations are not predicted and we don't know when the coins will be released to their members.
I forget about how much money I left in Cryptopia, and if I am not wrong, that is not more than $150 because the coins are only a low price which already got delisted from bittrex and poloniex.
But if I can get that coins again, then I will send it into other exchanges and sell it right away.

[angel55]

PEople will continue to store their coins on exchanges even after all these hacks.  Some people never learn or they still feel safer with exchanges holding their coins.  As long as you pick the top reputable exchanges like Coinbase you should be fine for the most part because they have insurance to back up their losses.

[CAPT.DEADPOOL]

I can say that it's safe to put funds or altcoins on exchangers but you choose the exchanger that is secure and secure as security is because hackers have at least how much a website exchanger can afford it so be careful maybe more well if you use wallet is solid security such as ledger nano one knows if the most durable security wallet altcoins it just has an exchanger which is loosing a large amount it is the binance super secure wallet but it is too late to hack hackers.

[10c]

PEople will continue to store their coins on exchanges even after all these hacks.  Some people never learn or they still feel safer with exchanges holding their coins.  As long as you pick the top reputable exchanges like Coinbase you should be fine for the most part because they have insurance to back up their losses.

very often, people hold their coins on the stock exchanges because they put orders for sale. it often happens that we simply do not have time to transfer our money to the exchange to sell

[Markperop]

PEople will continue to store their coins on exchanges even after all these hacks.  Some people never learn or they still feel safer with exchanges holding their coins.  As long as you pick the top reputable exchanges like Coinbase you should be fine for the most part because they have insurance to back up their losses.

very often, people hold their coins on the stock exchanges because they put orders for sale. it often happens that we simply do not have time to transfer our money to the exchange to sell

The fact is that experienced traders always make a high rating to protect their accounts on the trading markets, although they always control these trading resources and their funds, because daily trading takes almost all the free time.

[levvv]

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.  

If you want to storing cryptocurrency coins, don't ever using exchange wallets.
Using own wallet is recommended because the wallet is only in your own control 100%.
Even top exchange like Binance has been hacked a while ago.