Hello!
I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?
Thanks!
Binance is new exchange but its safe as long as you activated yout 2fa and regularly updating your password. Also deleting your cookies will help you to minimize the chance of being hacked. Your balance is not so big so keeping it inside the paltform is still advisable but when you have a huge amount of btc then much better to put your balance in your personal btc wallet outside platform distributinh it on different wallet address make you more secured from loosing it if yout wallet neing hacket. Dont put all your eggs in a single basket.