Post
Topic
Board Altcoin Discussion
Re: Is it safe to leave Altcoin in Exchange
by
South Park
on 24/01/2018, 17:30:50 UTC
Hi,

I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.

I always keep my withdrawal blocked by changing password every 5th day.

Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?


I will personally never leave my money in an exchange, they are like banks, once you give your coins to them there is no guarantee you are ever going to see your coins again, many things could happen, maybe they get hacked, maybe they exit scam you, maybe their servers are confiscated by a government agency or they may simply decide you violated some of their terms and they keep your money.