Is it advisable to keep coins on exchange sites?

[Domithra]

Keeping coins on exchange site is quite risky as compared to having them on wallet. Exchange sites were made practically to trade tokens, hence store tokens temporarily during the trading sessions. Exchange sites are usually upgraded or under maintenance which can result in refreshing of account especially with exchanges which are not renowned and good. Hackers can also get into exchange sites.
For better security, a hard ware wallet like the Ledger Nano S is a good choice.

[Niteroy]

Everyone chooses the best option for themselves. You are right about the update of wallets and the probability of hacking exchanges. I prefer to keep large amounts for me on purses that are installed on the computer, although there are risks with losing private keys, getting the virus on the computer and there is a possibility that the hard drive will fail and the wallet will be gone. In general, in this version, everything depends on you, and on exchanges you trust your money to strangers.

[Contagem]

I do not trust exchanges, but I mostly do not keep large amounts on them, and only for the purpose of being able to trade. Online wallets are also not the best option, but basically I keep my coins on such purses.

[fulled]

never trust 3rd party for long time, better to keep it on paper or hardware wallet, you own your coin, only you have a power to control your assets, thats the points of cryptocurrency

[trons]

It is better to store coins on a cold wallet. But if you trade, you have to keep the coins on the exchange, it's better than each time to transfer from the wallet to the stock exchange and back.

[Deffobit]

I have already stopped using the Ledger Nano S because I am constantly trading and all my funds on 3 exchanges.

[kurapika]

If you have no plans to do day trading then no need to keep your coins in exchanges as this is prone to hackers and DDOS attack. You can split your coins in two wallets to minimize risk and keep in safe place your private key.

[tamango]

Unless you have few $ in coins it's not advisable to leave your coin on exchanges because hacker can steal them easily than from your wallet.
Also if the exchanges makes bankrupt and disappear you loose your coins because you don't have the private key of this wallet..

[Zoldyck]

Yeah for me that is not advisable to keep coins in exchange sites, Because sometimes they burn coins or token in thier exchange sites once the coins or token are no value so once you holding a token or coins  once that get a no value then you hold it that will be burn on the exchange sites. So not advisable.

[Jaguar]

It is not advisable for there are some instances that the exchange site got hacked. Better to remain it on your wallet. The decision is yours for there are wallet that really secure but we don't know the things to happen in our daily life.

[luvr1000]

I would not advise it, you can keep it there only for a short time, because the exchanges in our time are not safe

[Bobcrypto]

Yes! In as much as it not safe to keep your coin/ token on any exchanges, keeping your coin/token on exchanges save you from transactions fees charged by these exchange firms. I think a good numbers of these exchanges are still reliable to leave your coin/token for some time instead of moving them to and flo every time.

[sturec22]

because I am doing swing trading, I have to keep my coins on exchanges...
I prefer bitfinex. sometimes I get scared if the exchange gets hacked though.

[husanchaika]

Keeping coins on exchange site is quite risky as compared to having them on wallet. Exchange sites were made practically to trade tokens, hence store tokens temporarily during the trading sessions. Exchange sites are usually upgraded or under maintenance which can result in refreshing of account especially with exchanges which are not renowned and good. Hackers can also get into exchange sites.
For better security, a hard ware wallet like the Ledger Nano S is a good choice.

Yes, you're right.
Most robbery has been made at exchanges, not at wallets like Metamask or MEW (but the latest was hacked too).
It is safe to keep coins in Ledger, definetely.
I also lost some coins at MEW

[Hadisularto]

It's best if you keep a wallet coin but don't save a large amount, because it's also not 100% safe.