Guys
I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. Its not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?
When I am using exchanges I do withdraw early on my wallet address so the coin will be safe and not be hacked there are many ways that can protrct your money on exchanges like just trade your coin on trusted/safe exchanges.
I also do this but there are times that I have to trade a certain coin and there is a target price, so I have no choice but to leave the coins there and wait till my buy or sell order is filled. hacking is really a huge problem but I believe trading platform especially those huge exchange are well aware of this stuff. So I guess they will do the best they can to block all kind of hacking attempt to their site.
We cant avoid to get worried on hacking incident since we have seen in the past on happenings on where even good exchanges are being hacked.I do only store only few coins in exchange wallet even i do actively sent them into cold storages and paying up fees and it doesnt matter as long i do know that my coins are safe. Nothing on this online world that cant really be hacked even how good their security is, the risk is always there the important thing here is that we should really be aware anytime into our actions.