Quote from: sana54210 on May 08, 2019, 10:42:17 AM

Quote from: Lakai01 on May 07, 2019, 04:02:02 AM

It should already be common sense that you dont store any valueable thing anywhere without being the owner of the "store". Noone would give all of his money to complete strangers and hope that they manage it, so noone should do this with his coins, too.

I agree with you, but one still need to make use of the exchanges services sometimes, take for example traders that are using their coins for trading, there is no other 2 ways about it than to store their coin on these exchange wallet, because it will be unwise for them to keep transferring coins from time to time because of the fees they will keep paying for doing so.

The only option would be for us to leave our coin on the exchange, but if one is to do this, it has to be on very reliable exchanges that one can really guarantee that there security is strong and would be difficult for hackers to hack them like Binance.

This option I think applies more to traders who are active than holders for the long term because of the costs incurred when repeated transfers from wallet to wallet.
Regarding to security of an exchange, even a reliable with high security system like binance still got hacked and 7000 btc were stolen though user funds are safe. News here : https://www.ccn.com/hackers-steal-7000-btc-binance