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!
Cryptos store on the online purse or exchange platform is not safe at all. For most reliable, you should store it in a cold wallet by using an offline hardware wallet. If you need to trade within a day, temporary storage on Binance is an excellent choice, and for long-term archiving, it should not be because if hackers attack Binance, you will lose all the cryptos.