Is it safe to put the tokens on the exchange?

[Z-tight]

However, people sometimes prefer to put tokens on exchanges because they will be easy to trade the tokens on the exchanges.

If you are an active trader, then i can understand your reason for leaving your coins in an exchange. However, if you are using the exchange wallet to store your coins, not that you are trading with the funds, then you are taking a very big risk and the safe option will be to move it to a wallet that you have the keys to. If you believe that you cannot store your own keys safely, then maybe you should not be using BTC yet.

[Sim_card]

However, people sometimes prefer to put tokens on exchanges because they will be easy to trade the tokens on the exchanges.

If you are an active trader, then i can understand your reason for leaving your coins in an exchange. However, if you are using the exchange wallet to store your coins, not that you are trading with the funds, then you are taking a very big risk and the safe option will be to move it to a wallet that you have the keys to. If you believe that you cannot store your own keys safely, then maybe you should not be using BTC yet.

Bitcoin was not created to be stored in an exchange, but rather a private wallet, and a lot of people out there does not understand that exchanges are not wallet but an account for transactions, either for buying and selling crypto. Keeping your funds with the shows the immaturity of that person in keeping his bitcoin save. This is because you are theonly person that can keep your bitcoin save.

[armanda90]

Actually for token or altcoin is not really secure, first depend on not your key is not your coins and secondly many exchange delisting some token without any permission and potential loss your coins if not withdrawal depend on their deadline days. I had bad experienced when trading with meme token on Hotbit exchange, giving few days left for withdrawing the delisting token and so busy without checking the new update of Hotbit announcement until my token holding delisting on exchange market for trading but not appear yet in my fund. If you want hold meme coins or token better hold in your wallet and not recommended on exchange wallet.

[Charles-Tim]

Bitcoin was not created to be stored in an exchange, but rather a private wallet, and a lot of people out there does not understand that exchanges are not wallet but an account for transactions, either for buying and selling crypto. Keeping your funds with the shows the immaturity of that person in keeping his bitcoin save. This is because you are theonly person that can keep your bitcoin save.

Many people are just so ignorant. But from the name 'exchange', I think they should know that exchanges are platforms cryptocurrencies trading are taking place and not wallets which are used for the actual storing of the cryptocurrencies. But I later realised some years ago that Google is part of the problem. If you search for wallet on Google, it will bring up many exchanges along.