Quote from: Welsh on Today at 11:30:47 AM

Electrum can be used as a cold wallet, however by default or the most common usage it's not. If you ran Electrum in a offline environment, it would be considered cold storage, but even then you have to handle the downloading of Electrum, and the transfer to a offline computer, very carefully.

Also, it could technically still be stolen or compromised. There's always a physical threat, and it entirely depends on how you've secured it. Plus, there's no such thing as absolute security, there's always going to be flaws whether that's through the user or the software itself. You can only reasonably secure something, since you aren't going to know all the flaws until they're discovered, and there's been many in the past.

I like this kind of security practice with electrum, but let's be honest that if we have more than $10K in funds then it would be better to consider hardware wallets as a better security option.

Although in the end every bitcoin user is responsible for fund and himself, but as a community, we will probably advise them in the right and simple way. A hardware wallet would be very cheap compared to the risk of losing all the assets on the exchange, this is certainly a worthwhile thought.