Many people who have been in the cryptocurrency game for a long time, and have a lot more money invested than I do, often recommend getting your bitcoins and altcoins off of the exchanges and into a desktop wallet of some sort. The main reason for this is security.
Take for instance what happened in 2014 to Mt. Gox, which at the time was the biggest bitcoin exchange around.
Via Wired:
From a distance, the world's largest bitcoin exchange looked like a towering example of renegade...
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