Doesn't help that another exchange was hacked. Coincheck. This is why I stick with the better known exchanges. Oh and hardware wallet
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Doesn't help that another exchange was hacked. Coincheck. This is why I stick with the better known exchanges. Oh and hardware wallet
Regardless of the wallet you hold, if exchanges get hacked like Coincheck did and you're holding Them coins Best Believe that You're going to FEEL the affect JS!!
Oh yea i agree with you its just that the bigger exchanges have better security measures. But hard wallets are the way to go.
Definitely!!Absolutely!! Its Hard to even trust the Biggest! Couldn't Agree More that the Most Secure is Hard wallet!! As long as you keep your keys private its even Better than locked in a safe, buried, and covered with concrete!!
Makes me wonder how good Binance is security wise. You would think that these exchanges would see this happening. I imagine that 600 million dollars being transferred out would be noticed well before it hit that number. If not then they have an issue.
Right, I don't think any of them are completely safe. Just some better than others. If they are serious about their exchanges they would all have insurance for when things like this happens.
For sure. I read somewhere though that they had opted to use a less secure wallet for the coin that was stolen.
What a shame.
For exchanges I also recommend 2 factor authentication and don't keep it on them unless your planning to buy or sell soon. Overall best is to keep it in a wallet.