Do you think crypto exchanges are secure? Please share your opinion.

[Brandon]

Do you guys think Crypto Exchanges are a secure way to exchange your coin?
Because I feel these exchanges could be hacked. They charge a high fee which is between 0.25% to 3 %. They provide no privacy on your transactions.

So the question is:
Which is the best way to exchange coins in which where we don't have to pay high fees and we can get security and privacy?
Please share your thoughts on it?

[gotbounty]

There are no exchanges that can guarantee security 100% in the world. It is the fact and unavoidable, all crypto users must know about it.
Anyway, those exchanges should try their best to secure their members' assets but in the digital world, you cannot hope 100% secure for your assets. Regarding the fees, since there are a lot of exchanges, you can choose which one that is fit with your expectation, including the amount of fees.

[Seerge]

If we want to exchange our coins, we have to look for exchanges that have been accredited, and it has been acknowledged by many that the exchange is a safe exchange.  Even though it is true that there is no exchange that can guarantee 100% of the security of our assets, at least we do not choose a new and proven security.  Whereas to find out which exchange uses a small fee, we must ask our friends to find information to get what we expect.

[Cryptoz]

We cannot guarantee that all crypto exchanges are secure enough. Because we know that the existence of the hackers are very influencing and they are smart enough to see some holes and chances to hack the system and programs of the exchanges. It may be very dagerous. However, let's believe in the exchange that we are involved in that they have tried their best way to avoid hackers and be secured.

[jonathancool220]

Exchange cryptocurrency with FIAT should be exchanged in centralized Exchange such as in Binance, Bittrex and KuCoin.
For privacy, it is very difficult to avoid because when registering in a centralized exchange, you definitely have to use KYC, in which there is your personal data.

[zilzylian]

The centralized exchange has rules for attracting large amounts of coins, if you make transactions under 5 BTC I don't think you need to do KYC, there are many centralized exchanges that you can choose from, but I can't guarantee everything is safe, Good Exchange like Binance can still be hacked

[LogiC]

Do you guys think Crypto Exchanges are a secure way to exchange your coin?
Because I feel these exchanges could be hacked. They charge a high fee which is between 0.25% to 3 %. They provide no privacy on your transactions.

So the question is:
Which is the best way to exchange coins in which where we don't have to pay high fees and we can get security and privacy?
Please share your thoughts on it?

Actually there is no such thing with no risk. Using exchange has to be with it since most has KYC process, and I think there.is no problem with that cause I think its okay as long as the exchange is worth it like major ones like Binance, Kucoin and many big exchangers. Security threat isnt that high but you know sometime incident of hacking is inevitable if the exchange made some lacks on preserving high secruity.

[Zurcemozz]

yea, like other folks said, exchange had also a holes. Many people is doing different tricks to hack and fraud other people. also there are exchanges that look legit , but actually a phishing website.

[gurunanakji777]

I don't think so its 100% safe but we have no choice we have to use exchanges if we want to sell our coins. I transfer my coins to exchanges only when I want to sell otherwise I save my coins in Hardware wallet(Trezor). In the recent time binance also hacked so I feel no exchange is safe. Still I have trust on bittrex it is quite secured than other exchanges. Transaction fee you have to pay every time when you transact even you can check manually which exchange is taking less fee.

[sturec22]

Well let's consider it like this. Bitfinex is one of the best and oldest exchanges. However even it did get hacked, also Binance got hacked 1 month ago. Considering hackers, we cannot be sure what will happen, the important thing is that if the exchange has the fund to pay back their customers.
I find bitstamp and bitfinex and idex the most secure ones and use them.

[Brandon]

There are no exchanges that can guarantee security 100% in the world. It is the fact and unavoidable, all crypto users must know about it.
Anyway, those exchanges should try their best to secure their members' assets but in the digital world, you cannot hope 100% secure for your assets. Regarding the fees, since there are a lot of exchanges, you can choose which one that is fit with your expectation, including the amount of fees.

You right very well I appreciate your participation this topic.  But do think security is the main concern for crypto users? Because all the well know exchanges get hacked in past and not just once. So, how do you think about this issue? and the 2nd thing I would like to ask exchanges is centralized so transactions are not private. So in the light of these issues don't you think "atomic swap" is a better solution? what do you think if we can exchange coins with privacy, security and without fees isn't it a better way of exchanging?

[Brandon]

If we want to exchange our coins, we have to look for exchanges that have been accredited, and it has been acknowledged by many that the exchange is a safe exchange.  Even though it is true that there is no exchange that can guarantee 100% of the security of our assets, at least we do not choose a new and proven security.  Whereas to find out which exchange uses a small fee, we must ask our friends to find information to get what we expect.

Well, security is a real concern because you know the exchanges known as the most safer exchanges already hacked. Like Hackers stole more than 7,000 bitcoin from crypto exchange Binance. This is not only one, but there are also many exchanges with this same problem.  So, the question is why "Atomic swaps" is not better than exchanges because with this process we don't have to pay heavy fees, we will get privacy which is rare on exchanges we can get more security. So what do you think about this solution ?

[pelana vreo]

If we want to exchange our coins, we have to look for exchanges that have been accredited, and it has been acknowledged by many that the exchange is a safe exchange.  Even though it is true that there is no exchange that can guarantee 100% of the security of our assets, at least we do not choose a new and proven security.  Whereas to find out which exchange uses a small fee, we must ask our friends to find information to get what we expect.

Well, security is a real concern because you know the exchanges known as the most safer exchanges already hacked. Like Hackers stole more than 7,000 bitcoin from crypto exchange Binance. This is not only one, but there are also many exchanges with this same problem.  So, the question is why "Atomic swaps" is not better than exchanges because with this process we don't have to pay heavy fees, we will get privacy which is rare on exchanges we can get more security. So what do you think about this solution ?

This rule is made to avoid fraud.
I think we can choose DEX exchanges, but we can see the difference between these two exchanges, dex, and centralized exchanges, high trading volumes will be in a centralized exchange, and if privacy is a problem, we can see whether ICO and IEO do not require KYC -AML.

[Stalky]

for me it's also safe, if you can do it in a good way, I'm sure it will also be safe, because I myself am also very safe to do everything, both in terms of investment and transactions and in my own trade. also safe.

[masterrex]

Do you guys think Crypto Exchanges are a secure way to exchange your coin?
Because I feel these exchanges could be hacked. They charge a high fee which is between 0.25% to 3 %. They provide no privacy on your transactions.

So the question is:
Which is the best way to exchange coins in which where we don't have to pay high fees and we can get security and privacy?
Please share your thoughts on it?

In my own opinion, No such thing as completely safe in the world of internet, All is subjected to flaws and vulnerability but it can be prevented if the security system of any platform was updated and inhance regularly.