Re: Hacking is the Big Problem

You don't. Hacks target the exchanges wallet by finding exploits and not the user accounts separately. If you want your funds to be safe, use exchanges for trading only and withdraw to your personal wallet.

I love it when people say this. How the heck do you 'trade' if you keep your coins in the wallets... You don't.

IF you're holding, then yes, keep it in your wallet. If you trade it makes no sense.

What I meant is do the trade and withdraw instantly. Exchanges were created for trading and not for holding your funds. Unless you are day trading, I see no reason on why you should keep your money on an exchange for a anything more then a few minutes. Trading with individuals on forums etc. is another option to avoid using centralized exchange.

Well I get his point. It is true that it is much better that if you are not going to trade your coin, then its better to encash it and save to your official bank account. To secure your money from the unauthorized personnor hacker. You can just hold your coin in the wallet only if you do trading because it is the usually needed.