Which Trading Exchange Platform Has Never Been Hacked ?

[Wenbing]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

 For an exchange and trading platform to be good, it has to be secure.
For it to attract users then transaction fee should be at a low rate and be secured.
The wider the geographical usage the higher the volume of transaction too.


Which crypto exchange and trading platform had been Hacked?

I learnt that Huobi has never been hacked before in the history of the trading platform operations.

[1714828006]

1714828006

[1714828006]

1714828006

[1714828006]

1714828006

[Taskford]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

 For an exchange and trading platform to be good, it has to be secure.
For it to attract users then transaction fee should be at a low rate and be secured.
The wider the geographical usage the higher the volume of transaction too.


Which crypto exchange and trading platform had been Hacked?

I learnt that Huobi has never been hacked before in the history of the trading platform operations.

Google is the one you need, you can see some by searching this query and I will give you a samples regarding on what you are finding kindly read it below.

Source: https://cointelegraph.com/news/round-up-of-crypto-exchanges-hack-so-far-in-2019-how-can-it-be-stopped

There are more answers and don't limit your search power and be resourceful  .

[Lucius]

Google is the one you need, you can see some by searching this query and I will give you a samples regarding on what you are finding kindly read it below.

I totally agree, big brother knows all the information the OP is looking for. I'll just say that the first major hack of some crypto exchange was recorded back in 2011 and it was related to Mt.Gox (2600 BTC lost), after which was followed the biggest in history Mt.Gox again in 2014 (850 000 BTC hacked). In 2016 Bitfinex is hacked for $77 million at that time, and in 2018 Coincheck is hacked for $500 million in NEM tokens.

For global usage we know that Coinbase, Binance, and Bitstamp are probably the most famous, As for fees, I don't think there's much of a difference - although I'm not a trader, so I can't say for sure where it's best to trade.

[Lakai01]

Which crypto exchange and trading platform had been Hacked?

I learnt that Huobi has never been hacked before in the history of the trading platform operations.

My pre-posters answered your question about the Exchanges in a way that you can find the information you need, I hope.

But I wanted to add the following:
If an Exchange has been hacked or not says absolutely nothing about whether it is more secure than other Exchanges or not. In fact, it goes so far that exchanges like Bitstamp (hacked in 2015) have massively tightened their internal security measures and invested a lot of money to become more secure.

Despite the losses and the alleged reputational damage, the company framed the incident as a learning experience, concluding:

“This was a significant loss for Bitstamp, and it cast further doubt on the safety and integrity of the bitcoin ecosystem. However, it could have been much worse, and we are determined to use this as a learning tool, and as a basis for making improvements in our technology, security protocols, incident response planning and so forth.”

Source

It is questionable whether Bitstamp would have taken these measures if the hack had never taken place.

[TimeTeller]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

-

The OP is asking what exchange fulfil the above parameters, and I can say very few of them.
But most exchanges that fall into this set of parameters are smaller to medium exchanges.
Because most good exchanges have been a victim of hacking at least once.
But I don't think, the criteria of never hacked before and low tx fee would be vital in choosing an exchange.
Those exchanges that have never been hacked is only waiting their time to be vulnerable with these hackers.
I guess what matters most, is how the exchange reacted after the hack - did they refund their clients or not? Or did they continue their operations and rectify the prob fast?
Also, most exchanges with low tx fees are those with low trading volumes also. So it is really not convenient to trade in those kind of exchanges.
Do you want to wait for days and days just to fulfil your order?

[Ucy]

How do we know that a centralized cryptocurrency exchange has never been hacked before? Are there solid ways to prove this beside hearsay? ..maybe via thorough research/investigation of the exchange? Not trying to say that the exchange you mentioned has been hacked before... just think solid proof will be more convincing.   I doubt every centralized exchange will be honest about successful hacks... and they have no real transparency.

[Wenbing]

Google is the one you need, you can see some by searching this query and I will give you a samples regarding on what you are finding kindly read it below.

I totally agree, big brother knows all the information the OP is looking for. I'll just say that the first major hack of some crypto exchange was recorded back in 2011 and it was related to Mt.Gox (2600 BTC lost), after which was followed the biggest in history Mt.Gox again in 2014 (850 000 BTC hacked). In 2016 Bitfinex is hacked for $77 million at that time, and in 2018 Coincheck is hacked for $500 million in NEM tokens.

For global usage we know that Coinbase, Binance, and Bitstamp are probably the most famous, As for fees, I don't think there's much of a difference - although I'm not a trader, so I can't say for sure where it's best to trade.

I'm not disputing that I don't have an idea of what I'm talking about but my main focus is the trading and exchange platforms that satisfy those parameters and can we conclude base on that that they are best exchanges/trading platforms.

[rexxarofmoknathal]

Technically, it is very difficult to identify if an exchange has previously been hacked or not, and even if the numbers are positive it tells you very little about the exchange itself as it may well be a target for hackers since it has a large trading volume and/or user base. And this is just one example, in other words it won't be much informative for users to compile this type of data since it's still not 100% credible/reliant, if that makes sense.

[Wenbing]

~~~

“This was a significant loss for Bitstamp, and it cast further doubt on the safety and integrity of the bitcoin ecosystem. However, it could have been much worse, and we are determined to use this as a learning tool, and as a basis for making improvements in our technology, security protocols, incident response planning and so forth.”

Source

It is questionable whether Bitstamp would have taken these measures if the hack had never taken place.

Well, the information gathered from the press are not always true as some entrepreneurs will just like to use to gain public trust again.

On the other hand, negative incidence occur in life so we could learn to avoid certain mistakes or improve how we do things.

But, why don't we prepare from the onset against hacking?

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

-

The OP is asking what exchange fulfil the above parameters, and I can say very few of them.
But most exchanges that fall into this set of parameters are smaller to medium exchanges.
Because most good exchanges have been a victim of hacking at least once.
But I don't think, the criteria of never hacked before and low tx fee would be vital in choosing an exchange.
Those exchanges that have never been hacked is only waiting their time to be vulnerable with these hackers.
I guess what matters most, is how the exchange reacted after the hack - did they refund their clients or not? Or did they continue their operations and rectify the prob fast?
Also, most exchanges with low tx fees are those with low trading volumes also. So it is really not convenient to trade in those kind of exchanges.
Do you want to wait for days and days just to fulfil your order?

Hackers are only after the big exchange and trading platform and not against smaller ones.

Is the aim of this hackers to steal only the coins or there are other things that is their pursuit as they hack sites?

[moderator's note: consecutive posts merged]

[BitSat19]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

-

The OP is asking what exchange fulfil the above parameters, and I can say very few of them.
But most exchanges that fall into this set of parameters are smaller to medium exchanges.
Because most good exchanges have been a victim of hacking at least once.
But I don't think, the criteria of never hacked before and low tx fee would be vital in choosing an exchange.
Those exchanges that have never been hacked is only waiting their time to be vulnerable with these hackers.
I guess what matters most, is how the exchange reacted after the hack - did they refund their clients or not? Or did they continue their operations and rectify the prob fast?
Also, most exchanges with low tx fees are those with low trading volumes also. So it is really not convenient to trade in those kind of exchanges.
Do you want to wait for days and days just to fulfil your order?

Hackers are only after the big exchange and trading platform and not against smaller ones.

Is the aim of this hackers to steal only the coins or there are other things that is their pursuit as they hack sites?

This is not true as hackers only hack small exchanges as sometime ago we have some big exchanges hacks as well some time peoples believe its insider job which is also right but no one can give guarantee that big exchange will never hack any thing is possible in this crypto world.

[CryptoYar]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

I think you should check this post, you will get complete information, like which year the exchange was hacked and how much loss was done.
https://bitcointalk.org/index.php?topic=5237828

[canovan25]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

 For an exchange and trading platform to be good, it has to be secure.
For it to attract users then transaction fee should be at a low rate and be secured.
The wider the geographical usage the higher the volume of transaction too.


Which crypto exchange and trading platform had been Hacked?

I learnt that Huobi has never been hacked before in the history of the trading platform operations.

I am very pleased that my favorite exchange cannot be hacked. Waves.exchange is a place where people fall in love with cryptocurrency
The commission is 0.003 Waves ($ 0.0033) for exchanging any amount, you do not need to install anything (metamask and other applications), a very convenient interface and access to funds by private key. The best that could be

[Skieleton]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

 For an exchange and trading platform to be good, it has to be secure.
For it to attract users then transaction fee should be at a low rate and be secured.
The wider the geographical usage the higher the volume of transaction too.


Which crypto exchange and trading platform had been Hacked?

I learnt that Huobi has never been hacked before in the history of the trading platform operations.

All 3 criteria are met by Coinbase - a global leader based in San Francisco, California. Over 30 million users. Record capital raised from investors such as the New York Stock Exchange (NYSE). I've been using it since 2014 and everything is always ok. I recommend .

[crwth]

Well, there are a lot of exchanges that have not been hacked. It's also different if there's no hacking happened. I think the best investment for them is always about security and constant updating to prevent hacks.

I think it's not a significant benefit to know that an exchange hasn't been hacked, but how an exchange would handle it sounds better—possibly letting the users know as well that there was an attempt and the funds are safe or something like that. Reputation on exchanges is beneficial to users staying there as well.

Since the question is likely answered, I want to share this about picking an exchange. Having the nearest server with the exchange is ideal for faster trades, especially with WebSockets.

[enhu]

Well, there are a lot of exchanges that have not been hacked. It's also different if there's no hacking happened. I think the best investment for them is always about security and constant updating to prevent hacks.

I think it's not a significant benefit to know that an exchange hasn't been hacked, but how an exchange would handle it sounds better—possibly letting the users know as well that there was an attempt and the funds are safe or something like that. Reputation on exchanges is beneficial to users staying there as well.

Since the question is likely answered, I want to share this about picking an exchange. Having the nearest server with the exchange is ideal for faster trades, especially with WebSockets.

Those exchange that was hacked eventually made their security stronger, the owners and their support gained experience thru it as well. And this I guess they have handled it at least this is what I thought when cryptopia resumed. They are now among exchanges also that end up closing their services after they were hacked.

[chaser15]

All 3 criteria are met by Coinbase - a global leader based in San Francisco, California. Over 30 million users. Record capital raised from investors such as the New York Stock Exchange (NYSE). I've been using it since 2014 and everything is always ok. I recommend .

How much is the current average transaction fee in Coinbase sending BTC to another wallet?

If you used them since 2014, you should have an idea for this. Back in 2017, their transaction fees go up high up to BTC0.001-0.002. That's pretty insane fees and that year I decided to stop using them.

What're their fees now?

[Quidat]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

I think you should check this post, you will get complete information, like which year the exchange was hacked and how much loss was done.
https://bitcointalk.org/index.php?topic=5237828

This list sums it all which do shows particular exchange and the year it was hacked. Merited you for this one..

If you used them since 2014, you should have an idea for this. Back in 2017, their transaction fees go up high up to BTC0.001-0.002. That's pretty insane fees and that year I decided to stop using them.

What're their fees now?

Just to answer this out, Coinbase now do only charge out network fee only if you do make btc transfer to other wallet i dont know on other transaction.
I remember wayback when that 2017 bull run happen where every platform do charge up bigtime in talks of fees but the
winner among into this list is Yobit where they do still have that withdrawal fee of 0.001 atm.

[exstasie]

How much is the current average transaction fee in Coinbase sending BTC to another wallet?

If you used them since 2014, you should have an idea for this. Back in 2017, their transaction fees go up high up to BTC0.001-0.002. That's pretty insane fees and that year I decided to stop using them.

What're their fees now?

Pro tip: transfer coins from Coinbase to Coinbase Pro and withdraw them from there. There are no withdrawal fees on crypto from Coinbase Pro. Lower trading fees too. https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/fees.html

[el kaka22]

Honestly seeing never hacked before exchange makes me question that place even more, because in the real world every place gets hacked in the end but at the same time if a place gets hacked and managed to deal with it properly that is why I will like them. Think about it, if a place is never hacked before we don't know how they would deal with it when they do get hacked, and do not tell me if they are not hacked that means they will not be hacked neither, hackers are quite amazing and they are always good enough to hack any place given enough time.

So, go for the places that got hacked but took care of it without any problem like Binance, they know how to handle it and your money is safe there and you had a proof of that situation before.

[Lucius]

I'm not disputing that I don't have an idea of what I'm talking about but my main focus is the trading and exchange platforms that satisfy those parameters and can we conclude base on that that they are best exchanges/trading platforms.

Each crypto exchange is vulnerable to hacking, we can only talk about how likely it is to happen or not. The biggest problem is that users keep their funds on the crypto exchanges and use them as a master wallet, and that exchanges hold too many funds in hot wallets (at least that has been the case in the past).

I also think there were a lot more minor hacks that the public didn’t even find out about, because in that case it’s always better to preserve the reputation and pay the damage out of your own pocket. If you ask me personally, I think that Coinbase is the exchange that people trust the most, and this is definitely shown by the numbers that say that they hold a total of about 1 million BTC in their wallets.

[BitcoinTurk]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria?

To date, there are no services in the cryptocurrency markets that have a good history or meet all of the factors you have blunted. Yes, there are no services because every service has experienced big or small hacking incidents. For example, Binance was unfortunately hacked before, although it did not encounter a hacking incident that caused user victimization. It is possible to say the same sentence for Bitfinex and Bittrex, but for some services it is unfortunately not possible to say this. Today, although some of the new services have not yet encountered hacking, there is no guarantee that they will not. For example, although the FTX service has not been a victim of any hacking incident so far, this does not mean that it will not experience such incidents in the future.

[SolarWindMiningCompany]

Which crypto exchange and trading platform had been Hacked?

I learnt that Huobi has never been hacked before in the history of the trading platform operations.

My pre-posters answered your question about the Exchanges in a way that you can find the information you need, I hope.

But I wanted to add the following:
If an Exchange has been hacked or not says absolutely nothing about whether it is more secure than other Exchanges or not. In fact, it goes so far that exchanges like Bitstamp (hacked in 2015) have massively tightened their internal security measures and invested a lot of money to become more secure.

Despite the losses and the alleged reputational damage, the company framed the incident as a learning experience, concluding:

“This was a significant loss for Bitstamp, and it cast further doubt on the safety and integrity of the bitcoin ecosystem. However, it could have been much worse, and we are determined to use this as a learning tool, and as a basis for making improvements in our technology, security protocols, incident response planning and so forth.”

Source

It is questionable whether Bitstamp would have taken these measures if the hack had never taken place.

That's correct. As ordinary as DDOS is, most exchanges can still get attacked by it. That is why they undergo regular maintenance. I feel its not just about how secure an exchange is, but a matter or interest to hackers too because if they are keen, they will hover around waiting for the least secure moment to attack.

[Utoy101]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

 For an exchange and trading platform to be good, it has to be secure.
For it to attract users then transaction fee should be at a low rate and be secured.
The wider the geographical usage the higher the volume of transaction too.


Which crypto exchange and trading platform had been Hacked?

I learnt that Huobi has never been hacked before in the history of the trading platform operations.

To be honest, when rating exchange I'll always choose binance. I know it dosen't meet your criteria due to their hack history but it's still the best, the insurance fund set aside by binance known as SAFU is enough to cover for the hacks. Binance offer the best of services you might ever need in a trading platform. Their are lots of other exchange out there which haven't been hacked though

[vicoma]

I am only aware of KuCoin and Bittrex, they have a very strong security and have not heard of anything related to hack from those exchanges

[cheezcarls]

For me, I have to disagree about any exchange that are “secured”. Even Binance is not exemped to be secured because they were also breached last year, losing a lot of crypto coins and assets. Even Justin Sun of TRON had donated to Binance to cover those who are affected by the hack.

All I can say is that no cryptocurrency exchange (whether CEX or DEX) is safe from these hackers. When an exchange built and improved their security protocols, so as the hacker’s intelligence. I wouldn’t trust myself storing my coins and tokens any longer in those exchanges, but I’ll put them safely in a hardware or decentralized blockchain wallet where I control the private keys and mnemonic phrases.

Just my opinion guys.

[Reatim]

For me, I have to disagree about any exchange that are “secured”. Even Binance is not exemped to be secured because they were also breached last year, losing a lot of crypto coins and assets. Even Justin Sun of TRON had donated to Binance to cover those who are affected by the hack.

I have nothing to disagree on you here mate because i also have same belief that exchange is all vulnerable from hackers.

Yeah some are not been a victim but for sure one day or another they will become one as well like what happen to other big exchange that ha a history of hackings.

sometimes it is the inside job that more thinks why this hacking come to reality though proof wasn't there to back up the claims but in some opinion this is indeed.

[Lakai01]

-snip-
But, why don't we prepare from the onset against hacking?

In simple terms: because it is not possible.
A company can only take measures to keep the probability of being hacked as low as possible. The more worthy of protection the company's data is, the more money will flow into these measures.A bank will have to take completely different security measures than a small local webshop.

However, it is impossible to protect against any kind of attack. If you read the linked article about the Bitstamp hack, you will see that administrators or people with access to sensitive data (private keys, ...) have been attacked and scammed:

In the case of Bitstamp, those behind the attack used Skype and email to communicate with employees and attempt to distribute files containing malware by appealing to their personal histories and interests. Bitstamp's system became compromised after systems administrator Luka Kodric downloaded a file that he believed had been sent by a representative for an organization that was seeking his membership.

Source

Of course you can say that bitstamp should have trained its people better to prevent something like this from happening. However, such attacks sometimes go on for months in order to build trust between the attacker and the target ... until the target becomes more gullible and makes a mistake. No one, I dare say, is immune to this.

[Findingnemo]

For me, I have to disagree about any exchange that are “secured”. Even Binance is not exemped to be secured because they were also breached last year, losing a lot of crypto coins and assets. Even Justin Sun of TRON had donated to Binance to cover those who are affected by the hack.

I have nothing to disagree on you here mate because i also have same belief that exchange is all vulnerable from hackers.

Yeah some are not been a victim but for sure one day or another they will become one as well like what happen to other big exchange that ha a history of hackings.

sometimes it is the inside job that more thinks why this hacking come to reality though proof wasn't there to back up the claims but in some opinion this is indeed.

Trader should be very careful, because it is their money so they have to keep their funds on exchange wallets only when you have intention of trading them in near future.If you are not going to trade them even for a week move it to your primary wallet.

We still new to decentralized trading platforms, if we adopt more to decentralized things then we can reduce hacking.

[carlfebz2]

For me, I have to disagree about any exchange that are “secured”. Even Binance is not exemped to be secured because they were also breached last year, losing a lot of crypto coins and assets. Even Justin Sun of TRON had donated to Binance to cover those who are affected by the hack.

I have nothing to disagree on you here mate because i also have same belief that exchange is all vulnerable from hackers.

Yeah some are not been a victim but for sure one day or another they will become one as well like what happen to other big exchange that ha a history of hackings.

sometimes it is the inside job that more thinks why this hacking come to reality though proof wasn't there to back up the claims but in some opinion this is indeed.

Trader should be very careful, because it is their money so they have to keep their funds on exchange wallets only when you have intention of trading them in near future.If you are not going to trade them even for a week move it to your primary wallet.

We still new to decentralized trading platforms, if we adopt more to decentralized things then we can reduce hacking.

Should really be a habit for each person where they dont leave their coins on exchange wallets for too long even if we do say that they had been trusted for how many years but we wont know on when hacking incident would happen.So its better to be paranoid than sorry at all when you already lost up your coins.DEX is an another option but wont really go that far on where centralized exchangers able to do so.
Why? we do still end up on making transactions with fiat thats why people will prefer on using centralized platforms in the end of the day.About the question on which exchange havent been hacked yet
then i would say its Coinbase. So far this exchange doesnt have any issues when it comes to breaches or some sort.

[Shasha80]

Usually exchanges that have never been hacked are new exchanges, which have no known track record and are also prone to scams.
I better choose exchanges that have been hacked, but are popular and have real volume. In my opinion exchanges the closest to the
criteria mentioned in the opening post are Binance, Kucoin, Okex and Coinbase. Because good exchanges must be the target of hackers,
it is therefore very difficult to find good exchanges but have never been hacked.

[Findingnemo]

then i would say its Coinbase. So far this exchange doesnt have any issues when it comes to breaches or some sort.

This may be a best exchange on security features but their customer service really sucks and its getting worse year by year. Even though they don't care about the customers who have been trading there for years at all, they might simply freeze your account for any reason and will make you wait for months to recover the frozen funds, so pick exchange with better customer service is also important.

[rexxarofmoknathal]

As far as I am aware, BitMEX has never been hacked, neither has ByBit or FTX.

BitMEX suffered an email data leak a while back after an employee accidentally CC'd everyone in an email, but that's about it.

I think you will find that derivatives exchanges—for what ever reason—tend to get hacked less.

Maybe it's because they dont need to serve as many withdrawals so have less in the hot wallet, but who knows.

[Ryker1]

then i would say its Coinbase. So far this exchange doesnt have any issues when it comes to breaches or some sort.

This may be a best exchange on security features but their customer service really sucks and its getting worse year by year. Even though they don't care about the customers who have been trading there for years at all, they might simply freeze your account for any reason and will make you wait for months to recover the frozen funds, so pick exchange with better customer service is also important.

Well, you are right. Some issues are from the users that perhaps have an errors while doing the transaction. As you can see here, https://www.reddit.com/r/CoinBase/comments/9f3ne2/got_hacked_today_somehow/. Indeed, Coinsbase is good so far but there are minor errors that make users confused about their service. These are top exchanges that I never heard hacks so far, Liquid, Huobi, Kraken, Coinbase, and Gemini. But my suggestion to OP, choose a crypto exchange that most traders used and have a high volume, I choose Binance.

[target]

Could it be that the exchange didn't announce their hack incident?  Protecting their business name so clients will continue to trust them. Lots of the exchange weren't hacked yet and this we know because there was no news about it.

[Findingnemo]

Could it be that the exchange didn't announce their hack incident?  Protecting their business name so clients will continue to trust them. Lots of the exchange weren't hacked yet and this we know because there was no news about it.

I doubt any exchange will hide it because even if the exchange is small they cannot afford all the hacked money by themselves so they will let their traders to know about the hack and they will become silent until everything gets calm down.

[Yatsan]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria?

To date, there are no services in the cryptocurrency markets that have a good history or meet all of the factors you have blunted. Yes, there are no services because every service has experienced big or small hacking incidents. For example, Binance was unfortunately hacked before, although it did not encounter a hacking incident that caused user victimization.

Even the giants have weak spots. There have been hacking incidents that happened with binance before even in the early stage of it as an  exchange. The recent security breaching with binance is last year, as far as I know the hackers are able to steal bitcoin worth more than $40 million, that is a huge amount but what did the binance do is they shouldered the loss without any client complaining, perhaps that's what most of the people like about binance.

It is possible to say the same sentence for Bitfinex and Bittrex, but for some services it is unfortunately not possible to say this. Today, although some of the new services have not yet encountered hacking, there is no guarantee that they will not. For example, although the FTX service has not been a victim of any hacking incident so far, this does not mean that it will not experience such incidents in the future.

There is no safe system that's for sure. If systems are upgrading and so the hacking skills too, that is also why every exchange should check their security access once in a while to see if there are holes or gaps to fill in, that way they can partially guarantee the safety of their platform.

[timmmers]

As far as I know, Coinbase wasn´t hacked, the second biggest crypto exchange after Binance. Binance succumbed to a hack attack last year, so now it is making Coinbase the most secure one, right? 
But the question is when finally we will have hackers-free market, I do not understand that is so easy to steal money from exchanges without any punishment. 

[kesmex]

Could it be that the exchange didn't announce their hack incident?  Protecting their business name so clients will continue to trust them. Lots of the exchange weren't hacked yet and this we know because there was no news about it.

maybe some exchanges hide the problem, I'm sure hackers can enter the system,
nothing can't be hacked, so be careful when saving funds in exchange

[tvplus006]

I am only aware of KuCoin and Bittrex, they have a very strong security and have not heard of anything related to hack from those exchanges

I think that all cryptocurrency exchanges were subjected to hacker attacks and all exchanges thus lost cryptocurrency. It's just that if it's a small loss, no one tells us about it. For me, it is more important how the exchange behaves in relation to traders, whether it compensates for losses or not.

[iv4n]

I am only aware of KuCoin and Bittrex, they have a very strong security and have not heard of anything related to hack from those exchanges

I am on KuCoin from their beginning, occasionally on bittrex, it's true that they were never hacked! That doesn't mean these two exchange will never be hacked, but as I follow security is their high priority! I have a hundred dollars there all the time, for trading and fun, and I don't worry about my funds there. I believe that KuCoin will be very responsible if hack happens, they will refund all who lost something, they are too big to spoil that for some stupid hack, they know if they refund people will continue to use them.

[alan2here]

I am only aware of KuCoin and Bittrex, they have a very strong security and have not heard of anything related to hack from those exchanges

I think that all cryptocurrency exchanges were subjected to hacker attacks and all exchanges thus lost cryptocurrency. It's just that if it's a small loss, no one tells us about it. For me, it is more important how the exchange behaves in relation to traders, whether it compensates for losses or not.

I agree with you. Any exchange has been hacked in the past, but that money is not worth everyone to know, so they choose to keep quiet and continue. I think for assets above 10 million USD, the small exchange will not be able to return because they do not have enough money to pay investors.

However, for big exchanges like Binance or Huobi, they have huge money and always have a backup fund if something goes wrong.

[NotATether]

That's correct. As ordinary as DDOS is, most exchanges can still get attacked by it. That is why they undergo regular maintenance. I feel its not just about how secure an exchange is, but a matter or interest to hackers too because if they are keen, they will hover around waiting for the least secure moment to attack.

DDOS attacks usually don't cause a loss of funds to the customers of an exchange because they do not target the private keys but rather the network infrastructure of the exchange. It only causes inconvenience and downtime.

There is no guarantee that an exchange will not be hacked in the future because all exchanges are running similar technology stacks for which documented vulnerabilities are discovered, filed as CVEs and patched, or worse, the exchange is running outdated software. Whether that's true you'll never know because they don't disclose what software they are running.

[figmentofmyass]

coinbase's name has been peppered throughout this thread. supposedly they've never been hacked before, but an insider recently suggested otherwise.

Coinbase was once hacked and nobody knows about it, alleges author

Roberts explained on Unchained: “Coinbase likes to boast they’ve never been hacked—that’s not actually true.”

“In the early days when there were just five of them; Charlie Lee and Brian [Armstrong] and Fred Ehrsam, and a couple of other folks. One of their vendors did get in and rob their hot wallet to the tune of $250,000. I can’t remember how many Bitcoins it was at the time, but it was a lot,” said Roberts, adding, “This was a long time ago of course, this was 2013 or 2014.”

coinbase denies his claims:

Coinbase replied to Decrypt, "The account is inaccurate. I can share more off the record."

[rexxarofmoknathal]

Coinbase, Etoror, Ftx,Primexbt, Bitmex these are the ones I can think from the top of my head which I think have never been hacked at least thus far. Though, this may just be due to improved security or else no targeting attempted as hackers probz went for the lowest hanging fruit!

[alan2here]

Coinbase, Etoror, Ftx,Primexbt, Bitmex these are the ones I can think from the top of my head which I think have never been hacked at least thus far. Though, this may just be due to improved security or else no targeting attempted as hackers probz went for the lowest hanging fruit!

I'm not sure that because any exchange will have security holes and if it is a small sum they will not be public. Of course, if that exchange has lost more than $ 10 million, surely everyone in this market will know soon, so be careful before you deposit into the exchange.

I often use Huobi because this exchange is great for investing and is the largest exchange in the crypto market.

[spike420211]

On the one hand, exchanges that have never been hacked look more secure.
However, you need to understand that those exchanges that were subject to hacking subsequently eliminated their specific vulnerabilities, which cannot be said about their untouchable brothers.

[Dollar_Hunter]

I think all exchange platforms can be hacked, many exchange platforms have tried to protect their security systems,
and so far I think Binance, Coinbase and Bithumb are good exchanges in terms of security, hopefully they are even better

[LbtalkL]

Never been hacked exchange sounds good right, But I also like those exchanges that have been hacked but they have reimbursed the hacked amount to user's accounts. There is no perfect security but I like the Genuity of some exchanges when bad things happen some exchanges like Binance have insurance fund and they can easily reimburse any loss amount I heard they been hacked about 7000 BTC before. Some small exchanges that are experiencing it most likely going to shutdown.

[coinfinger]

You shouldn't be searching for everything in one exchange, they might have good Security but their fees will be high, you can't really have everything. As for exchanges that have never been hacked - there are many of them that have never been hacked, but if you check these and compare with the ones that are hacked, I don't see what can make these ones not to be hacked unless they will learn from others and upgrade their security.

Hackers usually target the big exchange that everyone always has in mind, maybe because they believe it's where they will get a huge amount of money. And being a big exchange means you will have a better security and everything that's needed to keep an exchange secure, but they still get hacked. But there's one exchange I saw on Forbes that goes by the name Nash, and they claim to have figured a way out for this problem by letting users be in control of their money until it's time to trade.