Quote from: CyberKuro on September 06, 2017, 02:45:42 PM

Quote from: Siren on September 04, 2017, 07:15:13 AM

Quote from: bdog1234 on September 04, 2017, 06:49:11 AM

I have read dozens of threads saying you need to keep your BTC on a hardware wallet or paper. Anything online isn't safe they say. When trading that is not really feasible is it? I like to move in and out of positions several times a day and often at a moments notice. My trading account has a sizable balance (to me - 5 figures) in it.

How risky is this and any additional things I could do?

Read all about Mt. Gox and Bitfinex hack and look how many people lost a lot of funds in those trading platform. I'll just advise you to just enough funds in a exchange for your trading purposes and pull out most of your funds to a secure wallet. Its better to be safe that sorry. If you are willing to let all your funds then take the risk, enable 2FA and make a strong password if they planned to hack your account only. But if its a widely planned exchange hack, then nothing you can do. Its up to you dude. I hope you make the right decision.

Yes, an exchange and trading platforms are the most targeted by hackers just like you said, MT. Gox and Bitfinex are the good examples.
If you are an active traders, put your money or bitcoin in trading platform is inevitable, if it being hacked, then you are unlucky.
5 digits of money or bitcoin is big amount and must be secured, in that case just treat trading platforms or exchanges as temporarily place to do your business, in and out as fast as possible. Buy and sell and then withdraw your money, just put small amount in their wallet just in case.

I think there is no good way to go far in any risky in exchange site every thing can be happen even the site is really secured there are still possibility that online exchange site can be hack.. like the other said spreading your coins can lessen the risk.. but honestly for me its not it can be more possible to lose them all if all trading site are hack if you really want to keep your coins safe just save them only in desktop wallets or paper wallet..
Its normal that we are seeing hack exchange site just this year we are not still no heard any exchange site are down and hope it will not be happen again just like last year happen when there is a exchange site was hack and burst decreasing value of bitcoin because of exchange site hack..
So if you heard a new some issue better to get ready to withdraw them and transfer your coins for safety places. . before the site can be taking down or hack.