I really hope this isn't true. I never traded their, they wont deal with NY residents but after recent events, I'm glad I don't trade there. A big part of this game is risk management. That's why I try to spread my trades over multiple platforms and use cold storage wallets whenever possible. By opening multiple trading accounts, if one exchange goes down, you don't risk losing your entire portfolio and you still have coin to rebuild with.
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Good advice.