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

[eternalgloom]

I used to do this back when the fees were just a couple of cents, that was also around the time some major exchanges got hacked, after Gox though.

Now I usually just leave my principal on the exchange and withdraw any profits if they're large enough to warrant the fees for making a withdraw.

[1715356318]

1715356318

[hahay]

I do not trade too often in some exchanges, but if I have time to trade every day I'll let my saldo there until I make a withdrawal if I need it.

[carlfebz2]

I used to do this back when the fees were just a couple of cents, that was also around the time some major exchanges got hacked, after Gox though.

Now I usually just leave my principal on the exchange and withdraw any profits if they're large enough to warrant the fees for making a withdraw.

This is what I do back in the past I do really withdraw all the money I have principal+profits anytime when I do make trading because I do really want to secure them and I don't trust exchange wallet and for some other situation regarding on their policies and I'm afraid to compromise those coins but now its impossible thing to do seeing on the fees.

[dady12]

withdrawing Ang keeping your money on exchange depends on individual mindset as everyone have his or her own target for taking his or her profit,for me,I prefer keeping my money there to the point that I feel is safe,though it is not advisable to put more than what you can afford to lose into any trading platform as it risky to do that .taking your money out and depositing when you want to trade is like giving more money as transaction fees to excahnges

[Nahl]

sometimes yes but often too no because even i did trading everyday but sometimes the profit not always high but usually i have target of the particular amount for profit so if i have already reach that amount then immediatelly i will withdraw my bitcoin even at the same day but if i have not reach my target profit even it took a couple days then i will hold it

[Oralmat]

I do not and I would not do that for a couple reasons.  I do bleed off the profits once or twice a week, but that is different, I keep my trading base balance on the exchange.  First, a TX can take a decent bit of time, even with a higher fee, and that lost time can mean the difference between hitting the sweet spot on a trade signal and missing it completely, even ten minutes after spotting the opportunity.

[nmaryrai]

I dont withdraw funds daily from the exchanger. Once a week i schedule withdrawal and that's only half from profit. I let balances to grow in exchanger and half profit i withdraw, considered as additional income for family.

[1Referee]

When you do day to day trading, do you withdraw your coin balances from the exchange(s) at the end of the day?

I surely do. I am very paranoid when it comes to having an entity other than myself have total control over my coins. If my trading session for the day is over, I immediately withdraw every single satoshi back to my own wallets. I must however note that in some cases trading sessions can last for days, where I go sleep with open orders, and thus depend on the exchange to not go nuts or whatever. That's basically the only exception I am willing to make.

Since sending it back and forth, to e.g. a Nano S Ledger, everyday will also involve transaction costs and extra effort.

I don't care about fees because I don't play around with insignificant amounts. I rather pay even $25 to withdraw my coins, instead of seeing my trading coins get swallowed by the exchange in question. It doesn't make any sense to care about transaction fees in this regard.

[deddod]

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.

I do withdraw my balance from the exchange or profit trading result is every week. I do that in order to minimize the fee in each withdraw.

[amaral1977]

I dont withdraw the balance, but i dont actually trade very high amounts. If you do trade high amounts or large proportions of your money then leaving it on exchanges is a real risk... just opt it against the fee and decided.

[espante]

I withdraw in chunks depending on my profits. In times of high profits I could withdraw on a weekly basis but generally it will be once every month or two. I could do it daily and I wouldn't mind the current fees but I go for exponential increases in my earnings using my profits.

What I will say though is if you are trading such small amounts that the daily transaction fees are a problem then withdraw weekly or monthly instead. There are obviously advantages and disadvantages to withdrawing daily vs weekly or monthly.

[nicolas1979]

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.

Day trader is period time to trade, not meaning every day we withdraw our profit. Simple thing is, if today we got loss so what we withdraw from our account? nothing. If you're day trader we can withdraw next week, because next week there's enough profit to close our fee transaction & evaluation about how good our strategy?. Actually, we can withdraw our money anytime we what, exchange will help us. But a good strategy can build by single day. Trust me.

[Sled]

I don't daily withdraw my coins in exchanges because i don't store too much amount of bitcoins there because i just buy and hold and when i buy i put it on a safe wallet for long term because i am more in a long term investment rather than short term because it is not that worth it for me.

[Pearls Before Swine]

I find it very sad that a thread like this needs to exist, but I totally get it.  We should all of us be able to not worry that our money won't be stolen by whatever exchange we use overnight.   Makes sense, right?

Well, I'd probably take a chance with poloniex or coinbase.  Anywhere else I wouldn't be able to fall asleep.   Then there's the ridit issue of having to pay to withdraw your money.  It's laughable.   These are some real drawbacks of bitcoin that people like to deny, but they're legit ones.

[btcney]

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.

I do. This is worth the extra effort and the fees to be honest because there are just so many exchanges that are closing down on a daily basis either from a runaway scam or a "hack". Even the best of them can't be trusted.

Cryptsy and Mt Gox were two of the most trusted exchanges but we all know how they ended up.

And now there's poloniex. I store a fraction of my altcoins on an exchange for ease of access, because it's indeed very annoying to have to sync all your altcoin wallets. But the rest i keep in my desktop wallets, especially bitcoin.

[Meowth05]

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.

Nope. That would be expensive as fee charges every transaction. Besides, I don't withdraw everyday as I only withdraw if I need it and I'll make sure that's important since it's better to trade bigger amount than small amount in short trading.

[Ucy]

I do. .  I started doing this not too long though. Maybe you should use Crypto wallets that store multiple coin like Coinomi.
The great thing about Coinomi is that you can trade/exchange lots of Coins(it has Shapeshift exchange) with it and can also be use for storing multiple coins

[Krillin61]

I do. .  I started doing this not too long though. Maybe you should use Crypto wallets that store multiple coin like Coinomi.
The great thing about Coinomi is that you can trade/exchange lots of Coins(it has Shapeshift exchange) with it and can also be use for storing multiple coins

I don't think it's worth it. Why do you need to store altcoins if you can store your altcoins safely in exchangers where in 2fa authentication can be used agaist the hackers? Besides, withdrawing everyday would cause decreasing your capital so you'll earn smaller profit in your trading.

[posternat]

I do not and I would not do that for a couple reasons.  I do bleed off the profits once or twice a week, but that is different, I keep my trading base balance on the exchange.  First, a TX can take a decent bit of time, even with a higher fee, and that lost time can mean the difference between hitting the sweet spot on a trade signal and missing it completely, even ten minutes after spotting the opportunity.

Secondly, not every trade drops a huge return, some increase the overall funds by just a bit after all is said and done and adding daily network and exchange fees to the mix just lowers the margins.  Also, the exchanges I use appear to use some odd system of addresses and outside tracking would be increased by sending off site and back. 

[xfaqs01]

i dont withdraw daily, fees will consume your fund, just roll the money until it grow, then withdraw in bulk