Is It Safe To Leave Your Tokens On An Exchange

[Bilqist]

Until now my token in exchanger never hack, i believe good exchanger doesn't easy to hack. Wallet also risk from hack to 2FA not enough to keep it safe. If you have much coin/token it should be placed in offline hardware.

[saprakib]

A friend of mine once told me that exchanges is the safest place to leave one's tokens because if the exchange is hacked and tokens stolen, those tokens that were stolen will be refunded to their owners by the exchange. So I ask the more experienced ones amongst us to share their experience with exchanges and to share if this claim by my friend is true.

I don't think so. Ine of my friend has faced this situation and he couldn't recover his fund.  So that I think it will be more safe to save your own wallet.

[SaepulMT]

I do not store tokens in the exchange wallet, unless the project is good and believes that the exchange is trusted I just keep it, because there is also a safe exchange

[PRIBO247]

A friend of mine once told me that exchanges is the safest place to leave one's tokens because if the exchange is hacked and tokens stolen, those tokens that were stolen will be refunded to their owners by the exchange. So I ask the more experienced ones amongst us to share their experience with exchanges and to share if this claim by my friend is true.

I don't think so. Ine of my friend has faced this situation and he couldn't recover his fund.  So that I think it will be more safe to save your own wallet.

I am sure that there are one or two exchanges that are fortified against jack and at the same time are invested in making their traders happy.

[Bhussainn2]

trust that trades are the most secure place to keep your tokens yet it relies upon the trade, trades like Binance and Bitfinex are sheltered in light of the fact that they has a past filled with discounting individuals if their trade is hacked.

[HBKMusiK]

A friend of mine once told me that exchanges is the safest place to leave one's tokens because if the exchange is hacked and tokens stolen, those tokens that were stolen will be refunded to their owners by the exchange. So I ask the more experienced ones amongst us to share their experience with exchanges and to share if this claim by my friend is true.

I don't keep any tokens in exchange, the best place to keep them is your own wallet.Also, you can try the paper wallet or use a old phone to store them/usb etc.

[tsakf]

A friend of mine once told me that exchanges is the safest place to leave one's tokens because if the exchange is hacked and tokens stolen, those tokens that were stolen will be refunded to their owners by the exchange. So I ask the more experienced ones amongst us to share their experience with exchanges and to share if this claim by my friend is true.

You are in the mercy of the exchange, if they can give your coins back. Exchange wallets are very useful, because there are no transaction fess payed to miners/minters, as the transaction is not stored on the blockchain. They are great for frequent transactions, but when you want to stop trading for a while, it's better to store on a wallet you control.

[giovannucchi]

mmm... I think the opposite.
Indeed, if an Exchange is hacked, the probability that it declares bankruptcy is very high and therefore the possibility of refunding is reduced.
So, let your money in other hands is Always the bad way to manage crypto.

[alltalk]

A friend of mine once told me that exchanges is the safest place to leave one's tokens because if the exchange is hacked and tokens stolen, those tokens that were stolen will be refunded to their owners by the exchange.~snip~

I'm surprised with your friend opinion. Where he get the idea, I am curious in something that inspire him to deliver the suggestion. 
I never think that exchange is the safest place to store assets. Not all exchanges provide refund program to all members. Moreover, the refund should be on their tokens/coins and not in our coins like BTC or ETH. I think the idea very risky, I advise to not apply it mate.

[kennyle167]

i think no where call safe in the internet, today we know more exchange have been hacked by hacker and many token with big value has stoten, so i think if you want your token safe you can store them in hard wallet

[Leader]

Very dangerous, especially for a long period. For example, $ 16 million was stolen from the Cryptopia exchange as a result of hacking. Jesse Powell
The general director of one of the largest cryptocurrency exchanges in the world, Kraken, said that it is dangerous to keep your money on trading floors.

[Hawk~Eye]

If it is not your keys, it is not your wallet. If you have no complete control of your funds, then there's no way you can tell that it is the safest way.

I agree with your answer. I think that except verified exchanger like binance, HitBtc, Coinbase etc. are only can be safe but all the exchangers which are not well-known are not quite safe.

[Munareal]

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.

[tsakf]

The death of a person, that held the funds of QuadrigaCX, created a great problem with the exchange, as no-one else has the private keys of the coins to return them to investors. This is another fact that proves, the risks, someone has, if the tokens, are in a wallet, that someone else has the private key. We should not stick to the dangers, of hackers, but we should consider, normal situations, like death. This person, of course, was not expecting to die, as none of us. This of, course, will be a lesson, for the people, who run exchanges, to be prepared, to deal with situations like these.

[VladEx]

It depends on the exchange if it has a strong security system and you are sure that the exchange can refund, you can keep your money in its wallet, but if you work with the unknown or insecure exchange you would better to think it through