Everyone says that, but I assume at least 80% of people does not follow it.

In general that is very smart advice and you should follow it if you are long term investor. 

I don't  follow it when I buy coins for short term. Why? Because you I would loose a lot of money and time for transfer my coins between my software wallet and bittrex/poloniex or whatever exchenge you use.

* **FEES**

Proof? Have a look how much I had to pay for a transfer - $25!! (sic!). Of course I didn't do it and I was waiting until mining fees dropped, however that amount is still RIDICULOUS. That was September 1st.

![2017-09-01_005431.jpg](https://steemitimages.com/DQmQKsSTCAwo4RZCJiqoG9RTuoKVMaikSqNXWwoAaaawHjA/2017-09-01_005431.jpg)

At the moment, Exodus wallet want's me to pay $5.34 and I still believe it's sick amount of money to pay. I understand we have to pay mining fees, but... rly?

![](https://steemitimages.com/DQmdnjuEFR3XwpaDhBzSRtfZVuucFccNdqLyiiCnKSvzDxw/image.png)

So I decided to switch to different wallet - Jaxx (it's cheaper than exodus)  but ultimately i will go for hardware one -  I have checked with many people and they usually have to pay much less fees than software wallets. 

* **SECURITY**

There is one rule I always follow - to turn on 2 factor authentication. You think you are safe until something will happen. Don't risk - turn this damn 2FA. You will waste probably 20seconds more to log in, but you will be much more safer with that kind of security.

As always - whatever you do it's your decision.  I would be happy if YOU will find  my advice useful. I spent a lot of time on research on different topics and I will be happy to share my knowledge with other.  Your @thanks@ means more to me than you think.