Binance CEO saying don't keep coins on exchanges

[qtronix]

He was right. It is not safe to hold funds on exchanges. I think you should not neglect it, because anything can happen to the exchange and you will lose your money forever.

[Dreamchaser21]

Perhaps he wants as few people as possible to trade on the exchanges right now. If people don’t keep their Bitcoins on the  exchanges, they won’t be able to buy or sell Bitcoins at the best price.

Well, it is still depend whether you keep buying bitcoin offline or you are ready for the risk to used exchanges. It is right not to put big money in exchanges even if its a big one since everyone is vulnerable to be scammed and hacked. This is just for your own safety, so decide for the best.

[HandsomePeople]

Well, exchanges make money from you when you withdraw as well, so it makes sense advising to not keep your coins on their platform as long as you are you going to deposit the next day then withdraw it again. Just like banks, they want you account to be active allowing them to make profit.

[Agapelove]

I can't imaganine up to now, how could these exchanges haven't been hacking-proof exchanges. Are these hackers really better than those who are developing exchanges? If this is the case, it is not really safe to put all your digital assets in an exchanges unless they are being used for trading.

[Marbelli]

it was a long time ago, because people lost a lot of money because they were denied security

[Cryptrx]

Depending on the exchange I will be more rest assured with the security of my coins than on a convectional wallet, let say Binance or Bittrex. But you're better of with your coins in a wallet than in most of the exchanges out there, we should all take the security of our coins very seriously.

[coinnumber]

https://cryptomenow.com/controversial-tweet-draws-fire-ceo-of-binance/

After some recent high profile hacks happening, Changpeng Zhao shares tips on keeping safe, mostly coming from a place of holding personal responsibility.  But some say this is nonsense.

The security of our digital assets or coins should be taken serious to avoid always losing our funds. Saving your funds on an exchange wallet never guarantee any safety as you are not fully in control of that wallet that's why it's always advisable not to store our funds on exchange.
Thanks for this, it's useful to all new crypto enthusiast.