How safe is an exchange site?

[Speaker]

Funds should be stored on cold hardware wallets.On the exchange, you can store a few coins only if you often trade on it.

[Knaw]

I think some of our exchanges are also very safe which we use every day with our trade, such as Bittrex, Hitbtc, Poloniex and Binance, for us it is also a good and safe way that we trade.

[tamango]

I totally agree with you, never leave your coins on exchanges they are continuously under attack!
It's safer to withdraw them to your wallet (hopefully an hardware one like trezor or ledger nano s)

[b3llsf1l3s]

One thing we should bear in mind is that exchange wallets are not for permanent safe keeping of coins. From past experiences, it is believed that exchanges are always under attacks because it hoards a lot of tokens. The best thing to do is to transfer your tokens from the exchange site back to your main wallet after trading with the exchange.

about 5 hours ago, i got news that my friend's wallet on IDEX are being stolen, $34k were gone *poof*
his position was when he is trying to trade the token and he's thinking why its load to the bid orders is so long, and then after he refresh the page, half of his assets has gone

[Zed0X]

Yup, do not risk losing your coins or tokens from hacked exchange sites. It is way better to keep them in your personal wallets where you have full control.