Security on exchanges

[tolldaa]

How safe do you guys think it is to store money  on the exchanges? I have a few coins on cryptsy but was wondering whether to store them locally, the issue is i like having the liquidity to trade online....

[firl21]

 I like to keep my coins on my hard drive unless its an investment account, Think gambling sites. Doing so gives me total controll of my coins. AND My ssd is RAID10 so i never will lose my wallet . One other thing. NOONE of my rigs have wallets, they all work the pools and send to my wallet on my control computer. My control computer has total control off all my rigs and it has all the money.

[johncitizen]

It is safest to store your coins personally. Assuming you know what you are doing!

You cant get the best of both worlds but you still need to trade. You should not "store" coins on an exchange but rather trade them. It is handy to have a few BTC online in case you come across a nice opportunity.

Nothing worse than waiting a few hours for that deposit while you watch your would be coin skyrocket :S

Avoid holding large value on any exchange. Most people conduct transactions between 0-10 BTC.

If you have the knowledge, store your larger amounts offline.

John.