What is the maximum amount you keep at a single exchange

[7788bitcoin]

Hey everyone,

Just wondering, what percentage of your total funds do you usually keep at a single exchange?

I mean, what is your risk mitigation strategy, considering the many exchanges that went kaput?

For me, I will not keep more than 0.5 BTC in exchanges. This is mainly because I do not actively trade BTC for profit. Most of the coins are transferred to Coinbase or cold storage (paper wallets).

[tobacco123]

For me, not more than 1 BTC for 1 week; not more than 0.5 BTC for 1 month.

[Blind Legs Parker]

In my case, this is actually %100 percent. But percentage of total funds being used on trading doesn`t exactly mean the person is a big risk taker. It has a lot to do with what you are investing in. I personally wouldn`t buy any altcoin that does not have huge volume on the market. So, it is less likely to make huge profit when you are not investing in a brand new altcoin which you think has a great potential in the future. I hope i explained my point clearly.

It's not so much about trading or not than about the exchange pulling a Gox on your ass. If the exchange closes and doesn't let you withdraw your money you're fucked (and yes, it has happened a bunch of times in the past).

[Windpower]

I've kept 0.24BTC for around 24 hrs in a exchange in the past. It's very risky to keep any sort of amount on any of exchanges for longer than the time it's needed for you to exchange it. Base on what happened in the past (many lost their funds), no one should leave their funds on exchanges nowadays.

Oh thank you very much for the tip. I never realised this, but I never really keep my Bitcoin in an exchange anyway.

[Amph]

probably 1 btc no more, but in the past i was holding more there but only if the exchange was not hacked before and stuff like that

[Hirose UK]

100%.  Otherwise impossible to trade with sell orders. 

I did the same thing, 100%. I kept them in one exchange a week. 100% is less than 0,5 bitcoin. so it's not too risky I think. saving them in online wallet in a long term will be risky because of hackinh

[krunox123]

Hey everyone,

Just wondering, what percentage of your total funds do you usually keep at a single exchange?

I mean, what is your risk mitigation strategy, considering the many exchanges that went kaput?

Honestly, I actually do not trust exchange website. I mean, I do trust them. But there is no reason for me to store my funds in their non-safe online wallet even though it is less than one cent.
I usually have less than 1% of my total funds in an exchange website for trading purposes. (Not really into trading, though.)

[EdenHazard]

Hey everyone,

Just wondering, what percentage of your total funds do you usually keep at a single exchange?

I mean, what is your risk mitigation strategy, considering the many exchanges that went kaput?

what you mean "went kaput" ?? i never take a risk on exchange,so i just put about 20% of my funds on exchange,just for trade and other need.

[RussianRaibow]

I don't keep any bitcoin at an exchange.  If I by some from an exchange, I withdraw it to a wallet I control as soon as I am able to.  I don't trust anyone else with it.  If I'm going to cash any out, I send it in, exchange it and immediately send it to my bank account.

[Za1n]

I try to keep no more than 10% on an exchange while actively trading. Like others, I try not to keep coins I am not planning to trade in the next day or so on a exchange and will withdrawal them to a wallet for slow periods or if I will not be trading for awhile.

As Cryptsy has shown, even this strategy is not fool-proof, as I did have some BTC and DOGE get stuck on their exchange while trading and now it looks like they are gone. Fortunately, my doge holdings were fairly small on there, so I only lost maybe 1-2% of my total crypto holdings. If nothing else, the loss will re-emphasize the importance of the fact that no exchanges can be trusted and the coins are only safe once they are back in your possession. This "lesson" will perhaps keep me from encounter bigger losses in the future.

[BitcoinHodler]

before cryptsy went under, i used to keep up to 1BTC at exchanger in order to be able to trade fast and withdraw the rest.

but nowadays i will keep 0BTC at any exchanger, cause i don't want to lose any more of my coins.

[bearex]

I used to keep everything at them, but now i just send in the BTC/else, exchange it and then get it back in my wallet.

[x13]

I usually do not keep more than 0.2 BTC on an exchange. You should ask yourself what you can afford to lose in the event of a exchange close. 0.2 BTC is the amout I can afford. Some could more and some could less.

[Red-Apple]

i keep nothing on exchangers.
good or bad, i started using bitcoin in 2014-2015 which was after what mtGox did so i always think of them whenever i want to keep anything at any exchanger and stop myself.

[West man]

I don't keep any amount in exchanges since all the poor things that have happen in the past year with most of them.
So my answer is zero.

[digitalcoinbuyer]

I buy on exchanges and then immediately send to a different wallet that I control.

[bitgolden]

There is no hard and fixed rule of how much I usually can keep in each wallet exchange. But I never prefer to use exchange wallets as my saving wallet. The good ways is withdrawing your bitcoins immediately after an exchange if you do not have any plan of another trade.

[Quickseller]

I have trust both coinbase and bitfinex with over 100BTC (which worked out to over 95% if my bitcoin at the time) and both were able to process withdrawals quickly. Coinbase has actually processed 100+ withdrawals almost instantly after successfully entering my 2fa code, almost at a speed that is scary and has me thankful that I triple checked the address I asked them to withdraw to.

In every case however I had (what I believed to be) a valid business reason to have BTC at the exchange and was able to capitalize on large price swings of the price of Bitcoin, so the risk of trusting them with so much BTC was not without (potential) reward. I most likely would not trust them with as much if I was simply trying to convert BTC to fiat.

[ajun96]

if the exchange sites that are very reliable way you can save 50% of your money in the exchanger. I thought no more of it. possibility to cheat sites could happen. remains cautious.

[voztata]

There is no hard and fixed rule of how much I usually can keep in each wallet exchange. But I never prefer to use exchange wallets as my saving wallet. The good ways is withdrawing your bitcoins immediately after an exchange if you do not have any plan of another trade.

You are right. Exchanges are not our wallets. Instead, You can keep all of your Bitcoins in single cold storage because its most secure. But if you want online some funds, then spliting them in different exchanges is the wise thing to do.