[alborzmassah]

Should I be worried about having my cryptocurrency assets on an exchange?

[raverbashing]

Yes

Unless your local security is worse than that of an exchange

[herman5]

Echoing this - for long term storage, they should be kept on a hardware wallet.

[joosters]

For long term storage, that sounds a terrible idea. Do you really want to trust your savings to $20 of electronic components that aren't designed to last more than a few years?

[fokinsean]

The wallets can be regenerated using your seed phrase. So your argument should really be, "Do you really want to trust a $0.02 piece of paper" :)

[joosters]

Exactly. The hardware wallet is pointless.

[Kiro]

You should save the seed words somewhere as backup.

[arianvanp]

Yes. Put them in a offline wallet. Anything that is not on your machine is not yours.

[odonnellryan]

Yes. Ideally, only money you should have on the exchange is stuff that you are moving around often. If you're trading you don't have a choice, but if you're just holding why not use a wallet you setup?

[shepardrtc]

Get a hardware wallet. I like my Nano Ledger S, but there are others.