Thanks for your reply. I'm using Coinbase and Cryptsy and so far they're meeting my needs very well. So I kind of forgot about Bitalo. If anyone thinks Bitalo is really great (or if they're just a scam), let me know. Otherwise Coinbase and Cryptsy are working for me.

I never hold any coins in Coinbase or Cryptsy. I do my acquisitions and trades and then immediately move the coins to my wallets. And I have multiple backups of all my wallets and seeds.

Thanks for helping a newbie. -Advait

PS: Is there some way to mark a thread as solved?