ekoice
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March 05, 2016, 01:58:24 PM |
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This figure varies from person to person and some one suggested me to have little balance for being on safer side i.e., 25% of the balance. It helps to everyone a lot I guess since it gives peace of mind and can work and sleep easily.
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zencomp
Full Member
Offline
Activity: 182
Merit: 100
★ Nakedbitcoins.com ★
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March 05, 2016, 02:00:05 PM |
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I think their is no minimum or maximum for a exchange , ya but some exchanges can keep the limit, but my never keep amount in exchange when ever i feel to buy i transfer the amount and buy it and then transfer the bought coin to other wallet for safe . if tomorrow exchange goes bankrupt or scam i should be safe.
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diodio5
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March 05, 2016, 02:00:52 PM |
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Not more than 0.05 BTC. I know this is not much but I lost almost 0.4 BTC on the Mintpal shutdown. I worked hard to get these coins, I do not want to risk another lost of this amount.
i think before mintpal offline. they've been told all their members. via email so that all the coins that they have had to immediately pull. it also occurs in swisscex. I know the exchange is to be a scam just mtgox or cryptsy
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Bitcotalk
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March 05, 2016, 05:21:28 PM |
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for me, i keep the limit at 0.50 BTC, as I am new to online job so I don't have much amount to take risk with. But with Okpay I do not need any person for exchange, I can myself exchange my money to fiat and back to bitcoin without any fee.
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newcoins1978
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March 05, 2016, 06:17:07 PM |
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for me, i keep the limit at 0.50 BTC, as I am new to online job so I don't have much amount to take risk with. But with Okpay I do not need any person for exchange, I can myself exchange my money to fiat and back to bitcoin without any fee.
On kraken i keep max 5 bitcoin. But on small exchanges i keep max around .5 and 1 BTC. F.e. c-cex max .5 BTC. But on bittrex i feel confident holding 1 BTC
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onlinedragon
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March 05, 2016, 06:20:29 PM |
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The max I hold at the moment is 0.015 BTC so I can keep the risk low.
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ctlaltdefeat
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March 05, 2016, 07:58:59 PM |
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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?
it depending how much you have bitcoins,and how brave you are,its about trading and keep your bitcoin on hot plate,if you dont trust exchange,just put it little amount there,i just put half of my bitcoins amount on exchange when i do short term trading.
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Oscoda
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March 05, 2016, 08:20:48 PM |
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The max i hold is 10 bitcoin. I mostly use bittrex and they are very long active in the world of bitcoin. They run would be possible but i don't see that happening, because their support guys seems nice fellows.
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HostSurf
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March 05, 2016, 08:34:51 PM |
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3 bitcoin is all i trust exchanges too. I've lost several btc on some exchanges so i will not risk any more. If i buy coins i make sure to transfer them back to my wallet too, so it is safe again.
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ShrykeZ
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March 05, 2016, 09:16:08 PM |
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As little as possible, usually a deposit and then use the BTC for whatever it is I want and withdraw any of the remaining, there are a few exchanges I trust but still will not risk it.
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BTSwolf
Newbie
Offline
Activity: 47
Merit: 0
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March 05, 2016, 09:25:27 PM |
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As little as possible, usually a deposit and then use the BTC for whatever it is I want and withdraw any of the remaining, there are a few exchanges I trust but still will not risk it.
Why not use a decentralized exchange and be always in full control of your funds?
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ShrykeZ
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March 05, 2016, 09:35:13 PM |
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As little as possible, usually a deposit and then use the BTC for whatever it is I want and withdraw any of the remaining, there are a few exchanges I trust but still will not risk it.
Why not use a decentralized exchange and be always in full control of your funds? I prefer to manage my own coins, wouldn't be against a decentralized exchange option though.
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MyBTT
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March 05, 2016, 10:28:11 PM |
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I only keep about 1 Bitcoin in an exchange. I feel that anymore than that is a very dangerous amount and you could lose a lot.
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▄████▄ ▄████████▄ ▄████████████▄ ▄████████████████▄ ████████████████████ ▄█▄ ▄███▄ ▄███▄ ▄████████████████▀ ▄██████████ ▄▄▄▀█████▀▄▄▄▄▀█████▀▄▄▄ ▀██▄ ▄██▀ ▀██▄ ▄██▀ ▀██▄ ▄██▀ ██ ▄█████▄▀▀▀▄██████▄▀▀▀▄█████▄ ▀██▄ ▄██▀ ▀██▄ ▄██▀ ▀██▄ ▄██▀ ▄█▄ ▀██████████████▄ ████████████████████████████ ▀██▄ ▄██▀ ▀██▄ ▄██▀ ▀██▄ ▄██▀ ▀█▀ ██ ▀████████████████████████▀ ▀██▄ ▄██▀ ▀██▄ ▄██▀ ▄█▄ ▀██▄ ▄██▀ ██ ▀████████████████████▀ ▀███▀ ▀███▀ ▀█▀ ▀███▀ ▄███████████████████████████████████▀ ▀████████████████▀ ▀████████████▀ ▀████████▀ ▀████▀
| ║║ ║█ ║█ ║║ | .
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| ║║ █║ █║ ║║ | |
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n0ne
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March 06, 2016, 04:51:19 AM |
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To the maximum it is better to keep 0.5 Bitcoin in exchange.More than that will be considered risky due to the price variation with exchange values.
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qiwoman2
Legendary
Offline
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
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March 06, 2016, 08:57:48 AM |
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I never have more than one btc on an exchange and that is mainly for giving out monthly to my investors. I prefer to have bitcoin stored in a variety of places. Although now I don't have a whole bitcoin yet anymore but I would like to start earning again enough to do so.
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lrdeoliveira
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March 06, 2016, 09:00:34 AM |
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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?
once i had all my funds in one exchange wallet, but after i read about the fractional reserve that exchanges use, it's like the banks system, after that i don't trust any exchange and i have all of my bitcoin right in my wallet, where i control my private keys
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1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
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March 06, 2016, 09:30:29 AM |
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I only have coins on an exchanges when I am going to trade. If I'm done with trading for the day then I withdraw all my coins to my PC wallet. And when I will do some trading again I simply deposit my coins in my exchange account. I never leave them there if I'm not trading.
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FinalFantasy
Member
Offline
Activity: 70
Merit: 10
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March 06, 2016, 09:59:07 AM |
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I would not trust any exchange to babysit my coins overnight but that's just me.
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MFahad
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March 06, 2016, 10:19:18 AM |
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I would not trust any exchange to babysit my coins overnight but that's just me.
You should keep coins in exchanges, the amount you want to invest, and keep the savings in your wallet.
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▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | .
| | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | . ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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BTSwolf
Newbie
Offline
Activity: 47
Merit: 0
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March 06, 2016, 10:38:41 AM |
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once i had all my funds in one exchange wallet, but after i read about the fractional reserve that exchanges use, it's like the banks system, after that i don't trust any exchange and i have all of my bitcoin right in my wallet, where i control my private keys
Correct, just because an centralized exchange account balance shows an amount of Bitcoin does not mean it is backed by anything. Using a centralized exchange always includes a counterpart risk and not all of their users understand how big the risks and limits really are. This is where decentralized exchanges services (DEX) come in. That means the exchange is as decentralized as the underlying blockchain tech itself. On a DEX users are in full control of their own security, which "can" be much better than any centralized entity. In traditional exchanges you are also limited to a set of pairs. Whereas in a real DEX everyone can create his own assets/tokens/currencys and trade them right away. Be Your Own Bank & Be Your Own Broker. At the moment it is just not common to use a DEX. But time is working towards more decentralized exchange services, because they are more flexible and cannot easily get bankrupt or hacked as centralized ones can. However the solution is not one or the other, both centralized and decentralized exchanges need to go hand in hand to provide their customers the best and safest experience.
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