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[Ben Kempton]

We all know that Binance is the world's leading global cryptocurrency exchange in the world. It is one of the best options and the preferable choice for people when it comes to investing money, trading, buying, and selling coins. However, the exchange also has a really bad history of getting hacked as well. The exchange was hacked in the year 2019 as well when the hackers stole millions of dollars of worth of cryptocurrencies. However, now according to latest news from various news agencies and media companies, the binance exchange has once again been hacked a couple of days ago and the Binance Smart Chain network was also hacked. So, what do you think and what are your thoughts about it?

 

[Ben Kempton]

That is why sometimes it is better to have your funds in a decentralized cold wallet to secure your funds and make them much more difficult to steal in this case, because it has been shown that exchanges are not totally safe, you just have to look back to see everything that has happened throughout history both in terms of hacks and exchange crashes...

Currently, I am using Coinomi in order to secure my funds. Since I am not trading right now, I also plan to convert cryptocurrencies to USD currency. Payeer also offers cryptocurrency wallets and i am planning to store my cryptocurrencies in there. Recently, they have also integrated the Tether (TRC-20) token as well into their system!

 

[Wisdom01]

That is why sometimes it is better to have your funds in a decentralized cold wallet to secure your funds and make them much more difficult to steal in this case, because it has been shown that exchanges are not totally safe, you just have to look back to see everything that has happened throughout history both in terms of hacks and exchange crashes...

There are really not totally safe ,i think the reason why many uses exchange platform is to easily conduct short term trade ,use leverage and others , which the cold wallet doesn't have , but it's good to split and invest all on exchange platform

 

[Riberet19]

There are really not totally safe ,i think the reason why many uses exchange platform is to easily conduct short term trade ,use leverage and others , which the cold wallet doesn't have , but it's good to split and invest all on exchange platform

Yes, I have some money in the Kraken exchange to carry out operations among others, but most of your funds should be outside there as we say, that is something that everyone should be aware of to prevent possible future disasters.

 

[Wisdom01]

Yes, I have some money in the Kraken exchange to carry out operations among others, but most of your funds should be outside there as we say, that is something that everyone should be aware of to prevent possible future disasters.

Yeah since exchange could actually get hacked at any time ,it's actually best to adhere and put the your funds outside the exchange platform ,but I also fell like sharing the percentage of your funds would be good enough like some should actually be on exchange and some on wallet

 

[Ben Kempton]

There are really not totally safe ,i think the reason why many uses exchange platform is to easily conduct short term trade ,use leverage and others , which the cold wallet doesn't have , but it's good to split and invest all on exchange platform

I know that exchanges always get hacked and this is why many people might be reluctant to deposit money in exchanges. But sometimes they have no option. In order to start trading, you must need to deposit some amount of money into exchanges. You cannot trade in cryptocurrencies by placing your money inside the wallets.

 

[a_jerobon]

I know that exchanges always get hacked and this is why many people might be reluctant to deposit money in exchanges. But sometimes they have no option. In order to start trading, you must need to deposit some amount of money into exchanges. You cannot trade in cryptocurrencies by placing your money inside the wallets.

That is Right. Exchanges may be insecure but we need them to trade. In that case, I think you should just deposit money into it whenever you want to trade. When you are not trading, your money is safer in a wallet.

 

[Wisdom01]

I know that exchanges always get hacked and this is why many people might be reluctant to deposit money in exchanges. But sometimes they have no option. In order to start trading, you must need to deposit some amount of money into exchanges. You cannot trade in cryptocurrencies by placing your money inside the wallets.

Those cold or the offline wallet are meant to actually store your coins only , the exchange platform is actually avialable for you to actually trade and even earn , that's why many would always pick the exchange platform to actually conduct trading

 

[Riberet19]

Those cold or the offline wallet are meant to actually store your coins only , the exchange platform is actually avialable for you to actually trade and even earn , that's why many would always pick the exchange platform to actually conduct trading

Exactly, whoever wants to operate must enter an exchange to do the operations, if you are a trader you have no choice, but if you are an long term investor you must definitely have a cold wallet, because otherwise you are risking your capital in an absurd way.

 

[Wisdom01]

I know that exchanges always get hacked and this is why many people might be reluctant to deposit money in exchanges. But sometimes they have no option. In order to start trading, you must need to deposit some amount of money into exchanges. You cannot trade in cryptocurrencies by placing your money inside the wallets.

That's the thing , I also believe that there are some traders that actually can't do without trading , those traders would obviously make use of exchange platform ,they would actually consider it as a very good option

 

[HMMY1]

We all know that Binance is the world's leading global cryptocurrency exchange in the world. It is one of the best options and the preferable choice for people when it comes to investing money, trading, buying, and selling coins. However, the exchange also has a really bad history of getting hacked as well. The exchange was hacked in the year 2019 as well when the hackers stole millions of dollars of worth of cryptocurrencies. However, now according to latest news from various news agencies and media companies, the binance exchange has once again been hacked a couple of days ago and the Binance Smart Chain network was also hacked. So, what do you think and what are your thoughts about it?

Already many people have very little interest in online investment and trading.Because he is very fond of trading in cryptocurrency that he thinks that our money may not be lost due to hacking. Nowadays we are not from chennai everyday we are hearing the news that today solona or Binance or other been hacked due to which the money of the investor has gone so many people are withdrawing their money from these because of the heart due to which cryptocurrency failed If Strict law is not made on hacking now, then hacking can prove to be very dangerous in the coming days.

 

[Wisdom01]

one thing I have noticed in trading is the risk level or concern , because for you to earn well from trading ,you have to be smart in the way you invest ,like you must have learnt that nature of investing and been careful at all time

 

[gammarays]

I think this is an old news that doesn't reflect the current state of the exchange. However, it attests to the fact that no crypto platform is immune to hack no matter how good their security system is. It's best for brands to always keep surveillance on their platform.

 

[Wisdom01]

I think this is an old news that doesn't reflect the current state of the exchange. However, it attests to the fact that no crypto platform is immune to hack no matter how good their security system is. It's best for brands to always keep surveillance on their platform.

To earn from cryptocurrency it's really good to understand the scheme and system of investing ,lot of people would have probably earn better if only they were able to invest well in the first place I think tho

 

[gammarays]

To earn from cryptocurrency it's really good to understand the scheme and system of investing ,lot of people would have probably earn better if only they were able to invest well in the first place I think tho

Yes as people are interested in investing, they should be aware of their capital to make sure it's safe. It won't be nice investing your funds and earning well only to lose your funds. It's good to invest well as you said

 

[Wisdom01]

Yes as people are interested in investing, they should be aware of their capital to make sure it's safe. It won't be nice investing your funds and earning well only to lose your funds. It's good to invest well as you said

Yeah I have always learn to budget the amount of capital that I am using to invest into cryptocurrency ,I have come to really realize that if you invest well you might be earning well ,it's good to first place interest in that in the first place

 

[Ben Kempton]

There are really not totally safe ,i think the reason why many uses exchange platform is to easily conduct short term trade ,use leverage and others , which the cold wallet doesn't have , but it's good to split and invest all on exchange platform

Payeer is the kind of payment processor where you could trade in cryptocurrencies. They also feature a stop-loss function that helps many traders. However, they are not as advance as Binance. regardless of that, they are quite excellent.

 

[Wisdom01]

Payeer is the kind of payment processor where you could trade in cryptocurrencies. They also feature a stop-loss function that helps many traders. However, they are not as advance as Binance. regardless of that, they are quite excellent.

When I actually first start using payeer I literally taught that they are actually not accepting cryptocurrency ,not until I made more research and others ,before I later found out and I was glad to see such

 

[Ben Kempton]

When I actually first start using payeer I literally taught that they are actually not accepting cryptocurrency ,not until I made more research and others ,before I later found out and I was glad to see such

They have a section where a person could receive cryptocurrencies. They have it on their Dashboard. The fact remains that the company has announced that they will start supporting new coins. A trader could also trade in Dogecoin and Tron coin as well

 

[Gamer01]

It has definitely been hacked many times and any platform can get hacked but still they try their best for which they are commendable but one should hold his or her coins ina private wallet mostly so that there is no effect on their holdings actually .

 

[Lens_]

Despite the attacks suffered by binance, the cryptocurrency exchange bigwig never dwindlez rather it keep waxing stronger and it never layed off it workers unlike what we had with other cryptocurrency exchanges