Dumping coin - do exchanges hold coin?

[counter]

Don't worry I've found myself making the same mistake before and asking the same question.  The closer you look the more clear it is.  Some people don't realize how confusing exchanges can be to those who are newbs.  You really have to take in alot and during that process expect to be confused and +1 for asking this question. 

[Mieehayii]

I put my bitcoin temporarily hosted on LakeBTC since trading needs to be done, but ultimately this is not a long-term solution. We need to control our own bitcoins!