Thanks for the tips. I'm still a crypto noob and admittedly know little about wallet security, so I really should read up more on this. Have exchanges like poloniex and bittrex been Gox'ed before, or is it just something that theoretically could happen at any time? Do you have a hardware wallet that you recommend?
Well for the last few days Poloniex has been suffering from DDOS attacks. That may not be such a big issue for you as your money is safe, you just cant access it but some big exchanges have been hacked and funds taken in the recent past.
Last year Kraken was hacked and funds were stolen
There are other examples of smaller exchanges that have just disappeared
Here is a good article that is worth a read by @heiditravels
Yikes! That's rather frightening. I don't have much to speak of yet so I'm trying to grow it by getting into trading. Do you know if Mycelium has a good reputation for being safe?
Thanks again for the advice.
I don't know much about Mycelium. If your new and looking to learn the ropes I would recommend Steem of course but try out the Exodus wallet for other coins. Join their slack channel the guys over there are really helpful. https://www.exodus.io/
Great thanks I'll check it out!