OMG another big hack on the Japanese exchange. First Mt Gox and second this one. Exchanges are not the most secure place to store your crypto currencies - so peoples are requested to either store them in your own wallet in your computer or get a hardware wallet. By far hardware wallets are the most secure ones.
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Hardware wallets only good for long term hodling. But it is not preferred by day traders, who have to store their cryptos on exchanges for regular trading.
I don't own a hardware wallet myself but I have spread my portfolio across several exchanges. Being clever and not putting all my eggs in 1 basket.
it's was most people do these days... even if 1 exchange gets hacked cryptos on other exchanges are safe... but what if all exchanges gets hacked at the same time... would be a nightmare..
its less likely for all exchanges to get hacked at once
i like you idea too
thanks
you know what i prefer to hodl than trade coz in the long run hodling will be more profitable than trading day by day