Quote from: scorpact2017 on August 27, 2017, 10:29:09 AM

questions:

Let's say I bought some IOTA in bitfinex. Now I create an own wallet and transfer my IOTA to the wallet to not be dependent on future events that may occur on the centralized exchange.

Well, at IOTA I also choose a NODE-server in light mode. If I choose the server bitfinex offers (or any other), is it not the same as to store it directly on an centralized exchange?

What happens, if the server goes down for example or hacked? Aren't my funds lost as well?
Or are my funds copied to every other IOTA tangles?

If it's just on one tangle and the tangle dies due to hacks or deletion, than the funds are lost?

Your balance is saved on several full nodes, aswell on the perma nodes. You choose the Node-Server only for connectig to the tangle, you can change the Node-Server as often as you want and you will keep your balance regardless which Node you are using to connect.