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?
According to what I read at a glance about myetherwallet.com wallet that the website does not store our data in the form of private keys or addresses. My logic is that when a token in our wallet is attacked by a hacker, the website developer myetherwallet.com cann't return the token to its base address
It's true, that if there is a hacker who takes your coin or money then he will not be held responsible for the matter and will not return the number of tokens you have. That's a statement that is valid.