lotsofmoney
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Is it safe to store a large amount of money or coins in Indian crypto exchanges? Which is the best exchange in terms of security?
How safe are Indian crypto exchanges?
- Thread starter lotsofmoney
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No exchange is good enough to store large amount of crypto. Get a hardware wallet.
kalki143
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I suggest you get a hardware wallet. Or try an exchange like coinex to store your coins.
lotsofmoney
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Can I store multiple coins in same wallet?
incription
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There are loads of Crypto Exchanges in the World, Dont store your Eggs in one basket
legendahomer
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There is not a 100% secure way, including hard wallets. What amount are you planning to deposit?
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Yes. Most of the good ones. Not shitcoins though.
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I think Wazirx is the number one exchange in India. Security wise also it is safe and no hack incident has been reported so far.
Adwordsexperts
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local bitcoin is also best for india
MgicalaEarner
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Good question i want to know too
Hard wallets are completely safe I think.
legendahomer
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There is no such thing as 100% safe. Google, instagram, banks, cryptos, wallets, icloud, you name it and other stuff are hackable, no matter what or whatever anyone tell you. Like everything that man has ever made. Not man made, different story.
Only difference is how secure your stuff is. Adding 2 step verification will add some % of security to your account, thats it.
There is a limit in % of how much can you protect your account. Other percentage left, is you praying to god that no one hacks your account.
Long story...
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Rate is higher than exchanges.
HunterLife
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Personally i wont recommend any Exchange for holding coins instead you Cold wallet for Storage
And it is backed by binance.
Centralized crypto wallets, exchanges are never 100% safe, as they usually claim that they were hacked, people lose their crypots, hence. Use the centralized exchanges only for trading (if you do) and keep in them only the amount of cryptos you need for your trading. Otherwise the rest of your cryptos, keep them in decentralized wallets. Decentralized wallets are very safe as long as you do not reveal your passphrases or seed keys to anyone and with decentralized wallets there are no sending, receiving limits, no KYC, etc. I use Trust Wallet and it is awesome. Do a Google search on "difference between centralized and decentralized crypto wallets" to enlighten yourself further.
I don't know. Never invested in them.
AlexanderTheGreat
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until your dog swallows it
I am using wazirx and I am completely happy with it.