WARNING: DO NOT "STORE" YOUR COINS ON ANY EXCHANGE OR WEB BASED WALLET WHERE YOU ARE NOT IN CONTROL OF THE PRIVATE KEYS. WE ARE NOT A CRYPTO WALLET PROVIDER AND ONLY ISSUE CRYPTO ADDRESSES TO FACILITATE DEPOSITS AND WITHDRAWALS.


Exchanges are for exchanging currency, that is their primary function. The idea is to deposit funds, exchange it and withdraw, or if you are a day trader leave what you are going to trade. 100% of customer deposits on ICE³X is held securely offline in cold storage and are not vulnerable to hacking attempts. (hardware wallets). Your coin deposit to us never passes through any 3rd party system and goes straight tour cold offline storage


But that means my coins are safe?


ALL Exchanges are targets for hackers, yes, but it is much easier to attack the users of the exchange, who most of the time cannot create secure passwords, and some do not use 2 Factor Authentication. If a user's email is compromised (very easy to socially engineer), it is easy for someone to do a password reset, and if they don't have 2FA activated on their account on the exchange, empty their wallet. Some users have their mobile phones connected to their email, and if someone gets hold of their phone, they can do a password reset, and also get the 2FA code on the phone to empty their account. Some exchanges allow apps to access user wallets on the exchange, so again, if the users phone is compromised, their account could be emptied.


Best Practice


It is best practice to securely store your crypto in a wallet that you control the private keys for. A hardware wallet makes this very easy to do, and a user would have to have the wallet in their hands to move the coins.


Apps & web based wallets are convenient, but with convenience comes less control and security, whenever a 3rd party can control your coins they are not 100% secure and can be stolen / frozen / confiscated. Period. 


If you are going to use an app on your phone to store your crypto, again, only use one that is primarily a wallet, and allows you to control your own private keys. 


There is a saying in bitcoin that goes "not your keys, not your bitcoin".


If you are going to store bitcoin, or you need to spend bitcoin regularly - get a hardware wallet