Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: PRIBO247 on October 30, 2018, 02:06:44 PM
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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.
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I don't think many are holding this claim because what I usually read previously was that token isn't safe to leave in exchanger. If exchange is hack and the fund was stolen what something you can get from them. I think it is better to let your twoken be in your wallet if you plan to hodl it for the long term. Better to put it (your token) in an exchange if you are decided to sell. Being wise by taking care your fund if the best one than trusting to an unsure idea and regret later.
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I think if you leave your tokens in the short time, then it will okay unless you want to leave for a long time like for example, more than three years. But it depends on the exchange itself, how that exchange can give security to their member, so we don't have to afraid to get hacked. I still leave some coin in the binance, bittrex, poloniex and I activate 2FA to secure my account.
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I think if you leave your tokens in the short time, then it will okay unless you want to leave for a long time like for example, more than three years. But it depends on the exchange itself, how that exchange can give security to their member, so we don't have to afraid to get hacked. I still leave some coin in the binance, bittrex, poloniex and I activate 2FA to secure my account.
Thank you for this. I had a friend complain to me recently that someone hacked his account on the exchange despite having 2FA. So who knows how secure even this 2FA is?
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I believe that exchanges are the most secure place to keep your tokens but it depends on the exchange, exchanges like Binance and Bitfinex are safe because they has a history of refunding people if their exchange is hacked.
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I don't really leave my tokens on exchange wallet. I only keep them there when I plan to sell immediately. But on long term basis, I don't store tokens on exchange wallets.
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It's very rare you'll get a refund if you get hacked and you are to blame, for example having no 2fa or good security procedure.
Either way, you don't own the funds, and if the exchange goes bankrupt (mtgox style) or hacked (like bitfinex many times) then you can lose everything.
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You can leave your tokens on the exchange which have strong security measures like google authentication on login but if you are not a regular trader then you hold your coins in a hardware wallet which is fully safe from anything phishing.
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Exchanges who are providing security to your wallet are somehow safe, otherwise you can place your crypto under the hardware wallet which is more safe.
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Exchanges who are providing security to your wallet are somehow safe, otherwise you can place your crypto under the hardware wallet which is more safe.
Are there really exchanges that guarantees security for an investors wallet? Can you name them because I don't think I have come across any before.
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I would not expect an exchange to make refund if account was hacked. Your own wallett is safest.
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That is just a weird reasoning. Does your friend even know how long it takes before a hacked exchange can refund (if they still can) those stolen funds?
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I don't really buy the idea of leaving tokens in exchange, cause if the exchange is hacked and your tokens are very much and expensive, the exchange might try to refund you, but will not be able to refund all other users. Holding your coin in the wallet is more safer and preferable to exchange.
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I don't really buy the idea of leaving tokens in exchange, cause if the exchange is hacked and your tokens are very much and expensive, the exchange might try to refund you, but will not be able to refund all other users. Holding your coin in the wallet is more safer and preferable to exchange.
There is a major agreement among those that have commented that the main reason why tokens should not be kept on exchanges is to avoid theft through hacking. Now my question is, are there no exchanges that have never been hacked before?
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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. ;D
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.
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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
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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.
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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.
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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.
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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.
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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
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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.
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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
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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.
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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....
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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
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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.
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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
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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.
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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.
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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.
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I don't trust that anyway! I don't believe in excange..
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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.
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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.
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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
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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.
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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.
In my opinion it is good to hold assets in different exchange but you must activated different security protection like google authenticator, sms verifier or email. But it is better that you must have hardware wallet for 100% sure safe.
Addtional info if your holding assets in exchange don't store your all assets just put a little so that incase of emergency your some assets will be safe
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If you have a large asset it would not putting all my assets in one exchange. I will spread it out to a lot of exchanges and safe it in my cold wallet the rest. Not all exchanges will paid back if their exchanges get hack. Better be safe then sorry later.
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Depending on the exchange in which you store the crypto assets. Exchanges like OKEX, Binance, and Indodax until now I think it's safe. The most important thing for me is to change the security as 2FA should be enabled. And creating a password necessarily has to be tricky. And store passwords in data that are not online or that are not accessible to others.
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as long the exchange has some reputation has proven by the community. I have tokens on some exchanges now for years without any breach of security and one exchange is coming that will handle this with a different. Do have a look at KoinPro platform: https://www.koinpro.com/r/2QZ3
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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.
That depends on the exchange you are going to use, if this is one of the top platforms at the coinmarketcap, I could say anyhow it is safe, but if the exchange is not on top in the market, I guess you need to be very careful of course. I knew this opinion of mine knows by most of the majority of people here in the forum.
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It's ok to keep coins on exchange during short period of time. But not constantly. While it's just on the account, it can make more money. Why it can't be on deposit on gekkoin, not on the exchange? Why it can't be used for staking? Why it can't be used for any other ways?
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it's safe, but you have to be more thorough...
I think the security of this big exchange is pretty strong like Binance, Coinbase, Kucoin and a few more. but if your tokens are in large amounts above $ 4k you should use a personal wallet, to be more vigilant.
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it's safe, but you have to be more thorough...I think the security of this big exchange is pretty strong like Binance, Coinbase, Kucoin and a few more. but if your tokens are in large amounts above $ 4k you should use a personal wallet, to be more vigilant.
Generally speaking, it all depends on how the management is doing things with the exchange. Like Binance, they had been hacked for millions but the management made it a point not to allow anyone to lose any coins or tokens. Now, we also have to do our own part in making sure that our accounts can't be accessed by anyone unauthorized.
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Personally I never give advise to anyone for store our fund on exchanges , but I used binance exchange as a personal wallet from long-time , I didn't suffer from any problem there . Never put your asset on newly launched exchange .
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It is not recommend to store your token on exchange.Basically, exchange is not really meant to be a storage of coin. Even popular exchange is not 100% safe there's still a chance that it will get hacked. There is also complaints where they stored there coins in a exchange and suddenly disappear.
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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.
That depend on the records background of the exchange platform. Because in my experience, I've been using Bittrex for a couple of years now and yet I don't see nor encounter any problem using their platform, and so far I had been used also Bibox for 5 months and yet I also don't have a problem too as long as I activate the 2FA to secure my account to prevent hacker.
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That will be one of the greatest mistakes you can ever make in this space. Leaving your Crypto assets on the exchange is likely going to lead to loss in your part since there could be a hack on a exchange leading to loss of assets. I have seen it happened to a friend and I can tell you, it isn't a pleasant experience. Happened to cryptopia and most traders lost fortunes running into several millions of dollars. You should only send a certain amount of asset to an exchange if you want to trade them and withdraw them as soon as you have no need to leave them there.
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It is usually recommended not to leave tokens on the exchange for a long time precisely because of the danger of their being stolen for various reasons. You should not rely on the exchange to recover the losses quickly. The management of the exchange can come up with many reasons why they will not do this.
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I think you can leave your coin on the exchange if you are a trader or you planned to hold a coin on a short term bases. Thought there few exchanges that may refund users their fund on event of a hack, but this could a big risk because such exchange could extremely hack with no remain of users funds; in such senero, any exchange may decide to close down permanently.
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If you leave the token for a long time, I think it is very dangerous. Better keep it in a private wallet. If only for trading I don't think it is a problem.
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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.
In my opinion it is good to hold assets in different exchange but you must activated different security protection like google authenticator, sms verifier or email. But it is better that you must have hardware wallet for 100% sure safe.
Addtional info if your holding assets in exchange don't store your all assets just put a little so that incase of emergency your some assets will be safe
It is always a bad thing to let others to hold your money for you. Exchanges can be hacked, bankrupt, or worst a scam. It is a rule in cryptocurrency to keep your coins and token to an address where you have an access to private key. Unless you are trying to trade / trading, or buying coins, never leave you funds in an exchange for a very long time. In short, don't make exchanges as your safety deposit bank.
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OKEx and Binance exchange are very much suitable and secure to reserve your fund for long term periods.
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This mistake have cost me a lot of dollars. Many exchanges have exited scam with my funds, the latest of them been cryptopia. It is not save to leave your long term holding on exchanges, only leave the funds you are trading with on exchange.
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It is never safe to leave your funds in an exchange wallet unless you are trading it, not all exchanges will refund your stolen fund though. Kucoin was recently hacked and some are still waiting for their funds as i've heard.
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I agree with the posters above me, this is horrible advice. Don't leave your cryptos on any exchange, always transfer them to a wallet.
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Idrk, some exchanges are reliable, like Binance for example, but there is always that little hint of fear, like what if it's hacked or leaked. I started on Binance like a lot of people I presume, but after some time with all these hacks I grew more and more paranoid, so I turned to non-custodial exchanges, like ChangeNOW, no registration, no accounts and no fear of hacking ;D
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I think you can store your asset in exchange if you are not planning to hold for a Long time. But it you plan to hold for a long time, you can just use your personal wallet where you can easily access your private keys and your assets as well. You are right that most exchange usually refund users asset but it usually take long process and time as well.
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In my personal experience I can say that it is safe to put your crypto in an exchange but my fund is not big. Therefore I would advice to don't put your fund if you have much and your plan is hodling it for long term. Better to put it in a hardware wallet.
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In my opinion that you take off your tokens within the short time, at that point it'll affirm unless you need to take off for a long time like for case, more than three a long time or long term. Also it depends on the trade itself, how that trade can provide security to their member, so we do not need to anxious to urge hacked. I believe any leading exchnge like,binance, hitbtc,probit,bittrex,etc still not safe because online and It is necessary to activate high security for account to avoid risk of hacking.
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Idrk, some exchanges are reliable, like Binance for example, but there is always that little hint of fear, like what if it's hacked or leaked. I started on Binance like a lot of people I presume, but after some time with all these hacks I grew more and more paranoid, so I turned to non-custodial exchanges, like ChangeNOW, no registration, no accounts and no fear of hacking ;D
Yes. non-custodial exchanges, are the only exchanges I use. I have control, of my tokens. Some higher fees, for this privilege, is welcome.
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No, it is not safe. And no matter what those responsible for the exchange say, the budget that is spent on security, any exchange is susceptible to being hacked. Even Binance, which for many is the best exchange of all. For new users of the world of cryptocurrencies I leave a link so that they understand: https://www.bloomberg.com/news/articles/2019-05-08/crypto-exchange-giant-binance-reports-a-hack-of-7-000-bitcoin
As has always been said: Not your keys, not your coins.
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No ,it is not totally safe to keep coins in exchanges. Best place of keeping crypto are wallets .These could be hard wallets or online wallets. For these wallets you must have seed words or private key and never share this to anyone .Also do not store these keys in online places. Writing in notebook is the best method .Use exchange only for trading or short term holding. For long term exchanges are not suitable.
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I understand your frustration. It is hard to lose hard earned money but I do not see much wrong from Kucoin's side. If there are anyone to blame then it's you bud.
Try your best if you can convince them. If not then take this as a lesson. Never leave your asset in an exchange unless you are trading regularly. Your keys, your coins.
By the way, I do not think it is a scam accusation topic. It better needs to move to any discussion board.
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I understand your frustration. It is hard to lose hard earned money but I do not see much wrong from Kucoin's side. If there are anyone to blame then it's you bud.
Try your best if you can convince them. If not then take this as a lesson. Never leave your asset in an exchange unless you are trading regularly. Your keys, your coins.
By the way, I do not think it is a scam accusation topic. It better needs to move to any discussion board.
When you involved into the crypto world then you have to keep in mind that you have to control on your emotions, look for the legit resources and stay away from unverified/fake/scamy behavioural news/coins.
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As it is mentioned, in other posts, your coins, are yours, only if you have the seed, or private keys, of your wallet. If you don't have them, you don;t own the coins.
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It is not safe to keep tokens in an Exchange.Because in past many exchanges hacked namely cryptopia and world famous Binance. Only keep those coins which you use for trading in exchanges.Remaining you can store in online or offline wallets which are so safe than exchanges.
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Many token holders worry that tokens should be kept safe. As such, the exchange is a safe place for token stores.
But if your account is hacked, then it will be yours. Therefore, avoid referring your privacy to anyone, there will be no exchange responsibility.
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It is true that they are obligated to pay back the damages but that would still mean they have to deal with the loss. They can't pay everyone back, especially after a breach. Keep your tokens on a wallet. If you do plan on selling, only place the amount you are willing to let go in case of an attack. Trade as little as possible. Never go all in.
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It really depends on the exchange and I'll say is a high risk for you to take
What if the actual amount that was stolen is very high and can't be refund? I bet you won't kill anyone, so it is better to move your tokens to your personal wallet to avoid loss. Prevention is always better than cure.
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Only centralized exchanges that are fully regulated with a strong insurance policy will guarantee the security of your assets. But even with that, i will only recommend holding assets in a exchange only for a short term but when its a long term hold, you know what they mean when they say ”not your key not your crypto”? Well that's the picture i gat.
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Many token holders worry that tokens should be kept safe. As such, the exchange is a safe place for token stores.
But if your account is hacked, then it will be yours. Therefore, avoid referring your privacy to anyone, there will be no exchange responsibility.
We leave many things to others, this is not good. An analogy, is leaving your health to doctors or medicine. Doctors and medicine, are for HEALING, not preserving health. To preserve health, that you will not need a doctor, it is YOUR responsibility. The same for preserving your tokens, it is YOUR responsibility.
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I agree with this opinion but we should replace it into exchange with good reputation and have great safety method, the recommendation is Binance and our local exchange not the new one. Reduce risk to get income, choose safe place for activity and doing research for potential coin with realistic target is what we do daily. Don't forget about our healthy and take care our stuff ( laptop ), both have good condition we can run fast than before.
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I don't think it's too safe to store coins on exchanges, because there are many cases of exchangers being hacked and experiencing losses because of these hacks.
it's better to save it in a personal wallet to avoid things that we don't want, because it will be much safer than storing in an exchanges.
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Everywhere where the rule "not your key, not your bitcoin" applies is not the safe place to hold cryptocurrency. Everything has a price, everyone has a price, every security is not ideal. With enough effort, time and resources, everything can be hacked.
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Everywhere where the rule "not your key, not your bitcoin" applies is not the safe place to hold cryptocurrency. Everything has a price, everyone has a price, every security is not ideal. With enough effort, time and resources, everything can be hacked.
This is why I have never left my funds on any exchange and have been saying the same thing to people who ask me about this for years. The oldest example is Mt.Gox, which left hundreds of users without their funds, the most recent cases have been Cryptopia and even Binance, in addition to other lesser known exchanges.
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I don't think it's right to have long-term holding on any exchange.Any exchange, no matter how good, is not secure.Big exchanges have been hacked in the past.All we have to do is keep the trading fund in exchanges. The rest of the money we have to keep in a wallet.
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It depends on what amount you are talking about, but my answer is that you should definitely not leave your tokens on the bmr for a long time, because even the most famous exchanges hack, even with two-factor authentication, although I do not understand how this is possible.
It is better to keep your coins in cold wallets, this is the most proven and safest way.
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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.
Actually at present time hackers are very strong and they always try to hack exchange account to catch money so we should not think exchange is the safest house for our coins or tokens. Here what your friend says is 1 or 2 top listed exchange may done but maximum would not pay and just clause will be hacked. So i think hardware wallet is the best house to keep my tokens always.
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In my opinion, yes if you're confident that the said exchange has a good reputation and security. Like binance. and I think it more safe if you bring your own hard wallet (trezor etc).
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In my opinion, yes if you're confident that the said exchange has a good reputation and security. Like binance. and I think it more safe if you bring your own hard wallet (trezor etc).
I do not agree with you. May 7, 2019 is a day that will go down in cryptocurrency history due to the hack that Binance suffered. The attackers stole 7,000 Bitcoins, (now $253,458,049) that logically could not be recovered. The worst thing about the attack was not just the theft, it was CZ's (Binance CEO) idea to get them back, he wanted to roll back the Bitcoin network, the community logically told him no. There is no 100% secure exchange, none of them.
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From what have been reading I believe leaving your coin in exchange is a really bad idea, not your key not your fund I believe you having total control of your fund is the best store your coin in a personal wallet and make sure you don't forget your private key but I don't really believe leaving your money in an exchange is a really nice idea.
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My own understanding keeping of Tokens on Exchange are not adequate because exchange can get hack at any time, and to avoid story that touch the heart is better to save our coins in a personal wallet. Is good to keep our Token in our personal wallet so we can control every thing in it, I know exchange has high security but is not still save. And their are very high rate of scammers if eventually the exchange got hack and they decided not to pay you won't hole any body so to avoid Lost of funds and coins it better to keep your coins in Your personal wallet.