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Author Topic: How safe is an exchange site?  (Read 478 times)

Offline CryptoBlast

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How safe is an exchange site?
« on: July 30, 2018, 01:47:16 AM »
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.
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Offline Korkor

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Re: How safe is an exchange site?
« Reply #1 on: July 30, 2018, 09:06:13 AM »
Most people advice that it is always not safe to keep your coins on exchanges because it holds a lot of coins which can can be attacked by scammers. It is safe to keep your coins in a wallet, rather than exchange sites.

Offline eisbrecher71

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Re: How safe is an exchange site?
« Reply #2 on: July 30, 2018, 06:03:44 PM »
I think with 2 factor authorization, it is safe enough to store coins on exchanges

Offline eisbrecher71

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Re: How safe is an exchange site?
« Reply #3 on: July 30, 2018, 06:04:58 PM »
But only if you are going to trade. If you are going to hold, it's better in a separate wallet

Offline rahul7timt

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Re: How safe is an exchange site?
« Reply #4 on: July 31, 2018, 05:54:29 AM »
exchanges are safe if you enable 2 factor authentication. i always enable 2fa enable of all my exchanges account. always prefer to keep your funds in good exchanges like bitterx, binance , Kucoin etc..
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Offline jyotianand01

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Re: How safe is an exchange site?
« Reply #5 on: July 31, 2018, 02:41:15 PM »
2-factor authentication is best to store coins on the exchange site.

Offline shyamnautiyal8

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Re: How safe is an exchange site?
« Reply #6 on: September 02, 2018, 03:37:40 PM »
Almost users give opinion that your coins are not safe on exchange sites,  Because it hold a lot of the coins which can be attacked by scammers, so in my opinion keep store your coins in your wallet.
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Offline Ajaybir_81

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Re: How safe is an exchange site?
« Reply #7 on: September 05, 2018, 05:42:49 AM »
My view exchange wallets are good but your wallets are best so keep your coins in your wallet.It will be for your coins.
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Offline aji789

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Re: How safe is an exchange site?
« Reply #8 on: September 05, 2018, 08:10:42 PM »
Exchanger always risky.Your coin is not secure in exchanger.also Exchanger can shut down their service any time. Better use core wallet. In my opinion Bittrex,coinbase is safe.Also no one can tell that this exchanger 100% safe.

Offline Ajaybir_81

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Re: How safe is an exchange site?
« Reply #9 on: April 15, 2019, 12:24:55 PM »
Exchange sites are very good but i believe if you have your own hardware wallet then you are more safer.
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Offline Rituvohra01

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Re: How safe is an exchange site?
« Reply #10 on: April 17, 2019, 03:37:58 PM »
I think exchange sites are risky. So it is not safe for the security of your wallet.


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Re: How safe is an exchange site?
« Reply #11 on: April 20, 2019, 07:09:33 AM »
I don't really trust the security of exchange sites so usually I don't keep my funds there. I withdraw them right after trading.

 

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