Quote from: bitmover on March 06, 2019, 10:11:52 PM

You can replace all this wall of text for:
Remove your money from exchanges and put them in a wallet where you hold your private keys.

Did you even read that wall of text ? or you just read the title and assumed it could be replaced with that one liner ?

The whole purpose of this thread is not about me just telling others not to use exchange wallet as a bank, but to give them reasons why it's absolutely necessary not to do so.

This is "beginners and help" section and many are new to all of this, I believe every single one of them should know the reason/reasons as to why they should listen and follow these advices they hear all over the forum.

Quote from: harizen on March 06, 2019, 11:13:14 PM

There are lots of reasons why people used exchanges. Remember that not all people does have the same purpose of holding coins for long period. They already understand the risks so to minimized that they will stick to those reputable ones. We can't just say to people to stay away from exchanges but instead give them some enlightment about all the associated risks they will faced once they put money on exchange.

For holding purposes for quiet long period, obviously it's basic that people should not used an exchange wallet.

Thanks for the insight but I pointed this out in the OP :

Quote from: XZERO1 on March 06, 2019, 04:17:48 PM

I'm not talking about the amount that you are trading daily or weekly obviously, this is about medium/long term holds, the tokens, coins or even stable coins that you're not going to exchange them anytime soon, so just don't go ahead and put your life savings on exchanges and use them as a bank