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!
The chances you will get hacked is very, very small.
Going to hard wallet means decreasing the chances of getting hacked from 0.01% to 0.001%
nonetheless, it's still 'possible', and a hardware wallet is always safer.
Absolutely true, there were reputed exchanges yet this exchanges does not guarantee you that your funds are 100% safe since you don't have the full control and have to depend on tge third trusted party. Hardware or closed source wallet is still the best to choose, currently I'm am trying HODLER since they have a very good project. This wallet is tge only opensource multi wallet available, and this gives users the full control over their funds and private key right after their hand unlike exchanges which doest provide key