Post
Topic
Board Altcoin Discussion
Re: How safe is exchange?
by
sorrros
on 08/08/2018, 20:50:58 UTC
Hi,

Every exchange adding a new btc, eth, token address on the exchange website.
I think they need some private key to set the transaction on this websites.

So is this private key stored in a normal database?
And is this safe?

Only decentralized exchanges need your private key like IDEX, ForkDelta or EtherDelta. Do not provide your private key to the centralized exchanges or you will loose your funds!