Many Bitcoin newcomers have the habit of storing bitcoins in online wallets where they bought their coins. (freedomnode.com)
It provides exchange services as well as offering online wallets for consumers and merchant services for websites or traditional businesses, which wish to take bitcoins. (coindesk.com)
Don't use online wallet or exchange to store your valuable coins because an exchange can get hacked anytime or in the worst case scenario, your exchange may run away with your coins. (ilainfo.com)