Quote from: gabbie2010 on Today at 02:41:08 PM

Quote from: capedbaldy on December 16, 2022, 01:04:17 PM

Quote from: CryptSafe on December 16, 2022, 12:30:22 PM

All exchange are not 100% safe be it centralised or decentralized. Do not forget that exchanges are always targets for hackers as they are always looking for ways to steal funds and assets from them. Do not be deceived take possession of your assets and funds in your own custody with hardware wallet sophisticated to resist hacks. Be on the safe side now to avoid a life time full of regrets. Be wise and act smart.

We have reviewed every exchange hacking case never explain hacking details instead they post news twitter has been hacked causing millions of dollars loss but hacker wallet not published never because hacker wallet will be blacklisted every deposit to other centralized exchange. Even though the Binance exchange case has replaced user funds from the reserve fund due to the hack exploiting the bridge network, there is no reason to guarantee and trust 100% the exchange. So anyone with assets on a centralized exchange is advised to switch to a personal wallet or more securely keeping a hardware wallet.

The best bet and the safest means of securing our assets is hardware wallet, the alarming rate of hackers hacking centralized exchanges is becoming worrisome and that is why to always secure your assest by having access to your keys, the recent hacking of FXT where coins worth $477 million were stolen is another cogent reason of untrustworthy of centralized exchanges irrespective of how reputable they are in crypto world, we had read similar stories of hacked exchanges were millions of assets were also stolen therefore as a trader and investor always keep small funds in a centralized exchange.

Firstly, to answer the OP question. No centralized exchange will ever be safe and no hardware wallet either will ever be safe. We don't need to deceive ourselves with the belief that using hardware wallets is totally safe. Please don't get me wrong, I don't support the idea of keeping crypto on CEX but the truth is that nothing is ever safe.

The best safest bet is every cryptocurrency investor and holder knows the cons and pros that will make their crypto holding safe while also avoiding human error and making use of hardware or paper wallet.