Are all cryptocurrency exchanges safe to use?

[Hena101]

Not all are safe to used because some are counterfeit of the original and they don't have a track record of integrity. So it's advisable to always ask expert on the one to use to avoid unnecessary transactions issues.

 

[Chibson]

Not every cryptocurrency exchange platform is safe for you to use . It is better you use your trusted ones such as binance, coinbase and so many of them.

 

[FreshKaz11]

Since I know about crypto currency is the safest thing I ever do online by buying and selling as well,but we have the bad humans online as well that are ready to reap you off it.

We see different Cryptocurrency exchanges on net. Some are old but are not much popular but some new cryptocurrency exchanges are popular because of less fee and demanding features.
But we also hear news of different issues in transactions.
So what do you think about this matter?

Are all cryptocurrency exchanges are safe to use for all people?

 

[Sotherefore]

It is not all cryptocurrency exchanges that are okay for you to use, you need to research on the type that is available in your location, you also need to research about their security system to make sure that all your assets are secured.

 

[Elfinito]

Not all exchanges and wallets are good to use.
You must make a very good review on the wallet you choose to use.
Some has a very high rate of transaction fees and some do not support all currency

 

[Justin]

Not all exchanges are safe. You need to use decentralized exchanges if possible. Or try Coinbase or Binance. You should never hold your crypto currencies on exchanges for a long time.

 

[Obaterof]

Cryptocurrency is not protected under any federal regulation, unlike FDIC-insured investments. But Coinbase is transparent about its security measures and says it stores 98% of customers' cryptocurrency in offline, cold storage.

 

[Victorial]

Not all of them can be reliable especially the ones that they have reported to have been scammed or hacked once. Coinbase was among those that was hacked. I trust Binance more

 

[Kingstone]

It depends. You just have to look at the credibility of the exchange if they have had any record of scams or hackers. Without this, all should be safe. I like Binance

 

[Nomad]

If you are using top exchanges like Binance and Coinbase, your finds are safe. I have never heard of hacking of these platforms. A lot of exchanges have been hacked. do your research.

 

[Busybee]

Absolutely not, many exchanges are just scams. Would advise you to stick to a few reputed exchanges like Coinbase, Binance, Kranken, etc., Don't get lured by low charges and low rates. It's best to stay with established exchanges as they support many coins and tokens. And your capital would be safe from the spammers.

 

[Setho]

Different cryptocurrency exchanges are usually coming out almost on a daily basis and it is very important that you should do your own research first because there are some that will not have strong security.

 

[Monster Masterpiece]

Different cryptocurrency exchanges are usually coming out almost on a daily basis and it is very important that you should do your own research first because there are some that will not have strong security.

It is better to choose known crypto currencies wallets rather than jumping from one cryptocurrency wallet to another this is to prevent research cases, because it is not worth it to try new wallets and be hacked.

 

[Smiles20]

Different cryptocurrency exchanges have their own security platform and as such it is very important that you should do your own research before putting your money in any one or better still just deal with the popular ones.

 

[Sincerem]

I wouldn't say all crypto currency exchange platforms are safe to use, that is why it is more advisable that you make a thorough research before investing or performing any transaction through any exchange wallet.

 

[LadAckerman]

Not all exchanges are safe. Look at it this way, By storing your bitcoin on an exchange platform, you are not only trusting the service to stay online at all times — which usually will be the case, but you never know — you also rely on the platform being secure enough. To put that into perspective: You are putting your faith — and your financial wealth — in the hands of a platform that claims to use sufficient security measures in order to protect your data and money. This is not advisable.

 

[Honny143]

There are thousands of crypto exchanges exist, but not all exchanges trusted, some exchanges chits their user, so before use any exchange check that exchange trust score in Coingecko website, this website time to time updates all exchanges trust scores and provides very useful information for us, so I personally recommends once visit cmc and coingecko sites.

 

[tyrim88]

We see different Cryptocurrency exchanges on net. Some are old but are not much popular but some new cryptocurrency exchanges are popular because of less fee and demanding features.
But we also hear news of different issues in transactions.
So what do you think about this matter?

Are all cryptocurrency exchanges are safe to use for all people?

when it comes to the issue of using cryptocurency platforms,it is very important to do a thorough research about the platform,because it has to do with ones asset,going online and sampling reviews is a good option.

 

[Syldan]

Personally I can't really conclude about the various exchanges but online stuffs are not always stable it might be good for me today and failed me or other person tomorrow.

 

[greenie]

Not all crypto currency exchanges are safe to use. There was a news that mentioned that a large percentage of exchange sites closed just this year alone. It would be better to make proper researches and only use those with good reputation.