Do you daily withdraw coin balances from the exchange(s)?

[gn01]

When you do day to day trading, do you withdraw your coin balances from the exchange(s) at the end of the day? Since sending it back and forth, to e.g. a Nano S Ledger, everyday will also involve transaction costs and extra effort.

[Joel_Jantsen]

When you do day to day trading, do you withdraw your coin balances from the exchange(s) at the end of the day? Since sending it back and forth, to e.g. a Nano S Ledger, everyday will also involve transaction costs and extra effort.

It is not required but definitely is a good practice especially if the volume is really high.You have no control over the exchanges,better safe then regret.Transaction cost is something holds me from keeping the coins off exchanges as I'm going to need them tomorrow anyway.I think it completely depends on the trading volume,if it is  1btc or so,you don't mind paying fees to and fro.

[johnwest]

When you do day to day trading, do you withdraw your coin balances from the exchange(s) at the end of the day? Since sending it back and forth, to e.g. a Nano S Ledger, everyday will also involve transaction costs and extra effort.

It is not required but definitely is a good practice especially if the volume is really high.You have no control over the exchanges,better safe then regret.Transaction cost is something holds me from keeping the coins off exchanges as I'm going to need them tomorrow anyway.I think it completely depends on the trading volume,if it is  1btc or so,you don't mind paying fees to and fro.

You can never trust an exchange if they know that you have some currency in large volume then they can do anything. I have heard so many accusations on many exchanges regarding this. So If you have more than 1BTC then its better to cash it out, I personally limit my buying and cashout the profit whenever I can.

[BrewMaster]

it depends on how much balance  you have in your exchange account and also how much profit you are making each day and also depends on if you want to open up positions or not!

for example if you have a small amount that you are playing with, then it is not profitable to withdraw and deposit with high fees (each time paying 0.001BTC exchange withdrawal fee!). but if you have 10BTC for example and making 0.5BTC profit then it is mandatory to withdraw.

and as for positions, you sometimes have to open up some orders (buy or sell) to be able to catch a good price so you HAVE TO leave money on exchange wallet.

[gn01]

it depends on how much balance  you have in your exchange account and also how much profit you are making each day and also depends on if you want to open up positions or not!

for example if you have a small amount that you are playing with, then it is not profitable to withdraw and deposit with high fees (each time paying 0.001BTC exchange withdrawal fee!). but if you have 10BTC for example and making 0.5BTC profit then it is mandatory to withdraw.

and as for positions, you sometimes have to open up some orders (buy or sell) to be able to catch a good price so you HAVE TO leave money on exchange wallet.

Exactly, when you want to trade on a daily basis and grab the momentum it is impossible to keep it in an external wallet. The trade windows are less than 1 minute and therefore you don't have time to send the coins from the wallet to the exchange. Same applies for FIAT money, when you just sold a large chunk and want to buy the same amount of coins back at a lower price you cannot withdraw in between. Sometimes it feels a little bit weird and unsecure to have a lot of coins or FIAT money in the exchange account. But I guess it is part of the game, who dares wins.. : -)

[jhenfelipe]

No. I rarely withdraw my coins from an exchange since I only have a little capital. As @BrewMaster have stated, the fee is high so in my case I'd rather withdraw it all at once than every end of the day. On the other hand, if I have a big amount and gain large profit in a day, I'll probably withdraw to secure it. 

[tristan1960]

If I make profit bigger than 0.01 btc in a day, I instantly cash it out and withdraw it to my bank. If no, it just stays in my portfolio.

[VenceyBit]

I don't usually stock big amount of bitcoin to one exchange i actually spread it to other exchanges. I withdraw when i profit not daily  as i trade for 1 month i usually withdraw twice a week. When i started trading i don't withdraw and ending up loosing most of the trades and i learned from that experience.

[Zadicar]

When you do day to day trading, do you withdraw your coin balances from the exchange(s) at the end of the day? Since sending it back and forth, to e.g. a Nano S Ledger, everyday will also involve transaction costs and extra effort.

Depending on the amount that i have on exchange wallet balance.If i see that its already too much or high value i do really transfer it on secure wallet even itt would do really need some fees it doesnt matter as long i do know that my coins are safe but if i just trading on ample or small amounts it would really be a nice idea to do this habit because it will surely eat you up on fees itself.

[freedomno1]

When you do day to day trading, do you withdraw your coin balances from the exchange(s) at the end of the day? Since sending it back and forth, to e.g. a Nano S Ledger, everyday will also involve transaction costs and extra effort.

It's good practice to empty it out now and then when its not in use, that said its really a hassle to do that because limit orders may be on the books so your coins are in use, only when you are serious about closing positions for the long run would I consider it worth the effort to do that.

[Freezingel]

No, i only withdraw maybe once a few weeks when the balance is high enough for me. Withdraw the balance daily is a bit bothersome. Maybe if the balance is high i'll so it.

[clickerz]

No, I never withdraw daily. Charges are high also. I withdraw only when I urgently needed funds or something to invest like in  ICO's. Because I am actively trading,I leave it scattered on several exchanges.

[davids]

Rarely withdraw it every day. I prefer to use the profit trading as additional capital. If the result is too high then I will pull it at once. This is to reduce the high transfer costs

[Pamadar]

I'm not, i usually wait for a bigger value after i successfully bought and sell the als that i supported maybe once in a month or sometimes a week just depend on how how much my profits inside my portfolio, if i already satisfied with my earnings that usually the time that i withdraw and enjoy my earnings.

[Danslip]

No, you need to pay transaction fees for every transaction. It isnt smart way in trading.

[amacar2]

If you are asking about bitcoin than obviously no I don't keep moving them between exchange and my hot/cold wallets daily but I move all my alts out of exchange almost daily or when I don't want to trade them. I mostly keep bitcoin in my wallet and only deposit it to exchange if I want to exchange them into fiat or buy other alts.

[bearex]

Nice question! I think day traders with a lot of funds, withdraw them when they are finished for the day, and put them in some sort of (cold) storage. I, however, don't really have that much, so i just keep everything in the exchange and hope for the best! But if you think about it, it is actually quite a lot of hassle, if you poses high  amounts of coins, sending them onto exchange and back, paying fees back and forth,...But it is definitely safer than keeping them on an Exchange, just in case it gets hacked.

[AjithBtc]

I have placed certain volume of altcoins into the exchange. This is because when particular coin is in pump moving it from the wallet to the exchange and then making a trade is quite risky. Because some coins pump for a very short time and in a short gets dump.

[xhienigat]

No, I don't do daily withdrawal not unless I really need the money but usually I set down a target on when I will withdraw my coin balances from the exchange sites.

[Idrisu]

When you do day to day trading, do you withdraw your coin balances from the exchange(s) at the end of the day? Since sending it back and forth, to e.g. a Nano S Ledger, everyday will also involve transaction costs and extra effort.

To me , it is not necessary as the exchangers (poloniex) I am using is very reliable. I do live my earning in my exchangers platform account and if possible withdrawn it whenever I need money. It is possible to withdraw your earning from your exchangers platform but you will be  pay networks fees from both ends.