Storing Ethereum in an exchange wallet
Just like the Coinbase example above, another option for storing Ether is to keep your tokens in your cryptocurrency exchange account. This is useful for when you’re planning on placing a trade in the near future, ensuring quick access to your ETH whenever you need.
However, storing large amounts of cryptocurrency on an exchange is not recommended, as this puts you at risk of security breaches. Not only are exchanges a common target for hackers, but there have also been incidences of less reputable exchange operators stealing from their customers. With this in mind, moving your funds to a secure wallet elsewhere is typically seen as the safest option.