Is it advisable to keep coins on exchange sites?

[bhm45]

to keep all of what owned money or bitcoin in one place is too risky and lead to total loosing , so it is better to divided into different wallet exchange , online and local offline wallet controlled only by you.

[inewoods]

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.

A hardware wallet like Ledger is good to store your coins however if you want to have a wallet to keep your coins metamask is a a good option too. Keeping your coins in exchange can be dangerous especially those that are not reputable.

[Aitalibounty]

Why don't you want to keep your coins on cold wallets? Why keep coins on exchanges? This is advisable if the amount is small and you are willing to lose it.

[husanchaika]

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

Hi. I did not understand what do you mean by "better to keep it on paper".
You mean keeping crypto assets on paper?
How?

[Moykoy]

Better keep it in your wallet. The decision is in your hands because there are wallets that are really safe but we don't know what's happening in our lives everyday. You know more about your security.

[owmivmen]

yes I agree with your thoughts. many cases of hackers who stole at the exchange place this year. many suffered losses and finally the exchange site closed temporarily due to losses due to hackers. I use a personal wallet to store my crypto assets.

[gribble]

Better keep it in your wallet. The decision is in your hands because there are wallets that are really safe but we don't know what's happening in our lives everyday. You know more about your security.

Yes we must put our cryptocurrencies to our personal wallet due to it will reduce losing our money in digital coins due to in the personal wallet we have full access and full control on our funds in digital coins.
Put the digital coins on the market is bad ideas due to there are no guarantee the market will be safe all time and we don't have the private key of wallet exchangers.

[Master107]

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.

This is a kind of taking the risk. In every moment thinking about safetiness. I hope you have peace even your coins or money is in the exchange site.

[ayatoslaw]

it is quite dangerous if you save on an exchanger site, I will try to learn more about hardware wallets, because I often hear that wallet harware is safer and we can control it every day

[Millionaire]

Ledger Nano S is very good for storing coin.
if we keep our coin in exchange it is very risky. because sometimes exchange can be hit by hacker attack. there have been a number of exchanges whose security is not good and attacked by hacker. thus causing losse and investor afraid to buy coin again.