Post
Topic
Board Altcoin Discussion
Re: How safe is exchange?
by
KingOfWinterfell01
on 18/09/2018, 06:25:03 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?

There are definitely a lot of safety precautions these exchanges take in order to secure everyone's bitcoins, eths, and tokens. They would be immediately shutdown if they didn't, anyway. But I personally would pick the ones who are already known in the internet and not some shady exchange that no one stores on.