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RE: How do I prevent my cryptocurrencies from being stolen from an exchange that has been hacked?
I MEW has worked extremely well for me. I'm not a huge fan of storing my coins in exchanges, using paper wallets or softwallets. However, while a MEW is considered to be a softwallet it is a little different than most. A lot of softwallets store your information on their website which has the potential to be hacked. With MEW, only you hold your primary key, which is what hackers need to steal your coins. The only downside is there is no customer support because you are in charge of keeping your info save. If you're interested check out their website.
I agree, I also have a MEW. But the thing is that if you want to trade, you need to transfer coins from MEW to an exchange, which comes with an additional fees. Its good if you wish to store coins for long term.
To solve the problem of security, risk, as well as trading, I suggested using a decentralised exchange.....! :)