Coins kept in exchange, are they safe?


#1

I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
because exchange wallet is high security based


#2

You are mistaken miss. Coins are more safer in your own wallets than exchange wallet. There you don’t even control the private keys, what if exchange decides to rob people and shuts itself down? Or someone hacks the exchange which has happened numerous times in 2017 and 2018 including good reputed exchanges.


#3

i think its very not safe hodl coin at exchange, much hacker arround the world, best hodl at your wallet you have private key like my ether wallet, or maybe metamask better


#4

You should be cautious while handling the private keys and with the locations/places where you should keep the backups. Its very easy to hack the computers and emails now a days. Always keep the keys encrypted.