Is It Safe To Leave Your Tokens On An Exchange

[MVT$]

The most convenient way to keep your token is in the exchanges but not the safest. Exchanges are constantly under attack. It is great that some exchanges refund users when they lose their coins when the exchanges are attacked by hackers. But I will rather keep my coin in my own wallet.

Exactly! Just of the centralized exchanges that were already hacked, they have not recovered until now.

[Altcoins_letsgetit]

Considering which exchange are you looking for? It's not always safe to have your assets on big exchanges, caused they are more recently hacked than you can think of

[Fatiti]

I don't think it's always safe to leave our tokens in exchanges at all, the risk is much what if the exchange was hacked and it took the exchange almost a year to refund those funds its going to cost alot.... That's my opinion though.

[Abiodun]

I always tell my friends that its never a good idea to leave our tokens or coin in any exchanger, many exchangers are been hacked and it's always difficult for them to replace lost funds immediately to the owners....

[Payme21]

This assertion is rather strange as some exchanges on their own could become fraudulent rendering tokens with them susceptible to losses. Best way will always be keeping it yourself in a wallet you trust

[Rose_Staw]

It is never advisable to hold funds in any exchange. Let me explain my way of understanding this. Exchanges do not provide you with a private key when you do not hold the private key of your account then it is said that the funds are no longer yours.

Also, there so many new which says that the exchanges getting hacked an the users need to suffer. Recently Binance was hacked and for about a week all the accounts were blocked and then they asked all new users for KYC. Luckily, non of my funds were stolen.

[tsakf]

I always tell my friends that its never a good idea to leave our tokens or coin in any exchanger, many exchangers are been hacked and it's always difficult for them to replace lost funds immediately to the owners....

Yes, this is true, Decentralized exchanges, are an answer, but they have very low liquidity. This, happens, because, we are coming from a centralized world, so it takes time for people to trust decentralized exchanges

[Felix Felicis]

Nope, definitely a big No. It's absolutely not safe to leave your precious cryptos on an exchange. For one, they store your private key on an online server, so you can imagine how 'safe' that is. Secondly, if that exchange gets hacked (which let me tell you happens a lot. Take the recent Binance hack for an example).
What you can do is have a proper wallet. Online wallets aren't that safe either, but some of them are trust-worthy. The best would be to have a hardware wallet. That way you'll never have to worry about your crypto again.

[Senin]

In my opinion, everywhere and always it is said that exchanges and exchangers are the most dangerous place to store our cryptocurrency. They have always been subjected to the greatest number of attacks, and many of them have been successful, and therefore hundreds of millions of dollars have been stolen in cryptocurrency. On the exchange, if possible, you need to keep our cryptocurrency the least amount of time.

[Cisco]

Even Binance got hacked a few months ago, it's always risky to leave your tokens on any exchange. In my opinion, the best option is to leave a suitable amount of tokens on exchanges and cash out the rest. Decentralized exchanges is another option but low volumes make them less ideal than centralized exchanges.

[JhonyBravi]

I don't trust that anyway! I don't believe in excange..

[tsakf]

Even Binance got hacked a few months ago, it's always risky to leave your tokens on any exchange. In my opinion, the best option is to leave a suitable amount of tokens on exchanges and cash out the rest. Decentralized exchanges is another option but low volumes make them less ideal than centralized exchanges.

Yes, you are right. Low volumes, but I'll prefer to be safe than sorry. It's better to have smaller profits, than loss of funds. Greed, is not good.

[Prime]

Of course, no guarantee for 100 secure. But at least you choose a trusted exchange with a good reputation on its security system. The best place to store assets is not in exchange's wallets but in hard wallets.

[WhiskeyHoney]

Doesn't sound safe to me. I think it depends on each case. What if they don't refund you and you lose everything? I'd rather recommend you keep everything in your wallet and use non-custodial exchanges such as changelly or shapeshift

[bright4mech]

Crypto Exchange platform is a function of where buying and selling are taken place every 48hrs of the day and night, hence, is good to safe a coin on some exchange that has Authentication to avoid hacker, because is more preferable than ordinary wallet.