Quote from: Adreman23 on November 10, 2018, 07:42:28 AM

Quote from: bigboy61 on December 27, 2017, 10:15:57 PM

Hello!

I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?

Thanks!

Binance is a reputable and popular exchange, but it does not guarantee that your funds are safe even if you enabled two-factor authentication because if hacker hacked the whole system i think hacker can do what he want, he can control everything. Maybe better to store your coins in your own wallet and dont give your private key to anyone. Better to be safe than sorry.

Don't put too much amount in exchange especially if you were not going to buy or used it frequently, chances are you'll lose it without noticing it.

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