Money in your wallet after the exchange?

[Elwar]

I have a quick question about the exchanges.

When you exchange your USD at an exchange such as mtGox do you get bitcoins into your wallet or do they hold it in some sort of mtGox wallet while keeping track of your account?

[Maged]

They keep track of it, but you can withdraw it at any time.

[Elwar]

What is the process for withdrawing it from mtGox?

Is there a fee?

[BitCoinBarter]

They keep track of it, but you can withdraw it at any time.

True. However I suggest you keep your BitCoins with you.
Search this forum for ideals on how to secure your BitCoins (i.e.,  your BitCoin wallet).

Then decide how you want to do it and post your plan. People may be able to find some holes.
One of the first places to check out is at https://en.bitcoin.it/wiki/Securing_your_wallet