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

[vtradings]

When I do trading I usually make 2-3 hours and get the income around 3-40% but when it is loosing I tend to make it long like 2-3 days max if it doesn't hit my mark I'm withdrawing

[1714187560]

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[1714187560]

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[batang_bitcoin]

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.

No, I'm not withdrawing all of my balance from exchanges. What I do is that I'm just letting it stay on my wallet and just do nothing. I'm giving a timeframe for somehow like 1 week before putting it to my cold storage. It's hassle and very expensive to do daily transfer because of the fees.

[n0ne]

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.

No, I'm not withdrawing all of my balance from exchanges. What I do is that I'm just letting it stay on my wallet and just do nothing. I'm giving a timeframe for somehow like 1 week before putting it to my cold storage. It's hassle and very expensive to do daily transfer because of the fees.

Most of the exchange platforms were quite good and trustable. For the same I used to hold limited funds into exchange websites for all my trading requirements. Only the long term holdable funds were placed into the cold storage and necessary amount for regular transactions on the web wallets.

[bluefirecorp]

Most of the exchange platforms were quite good and trustable. For the same I used to hold limited funds into exchange websites for all my trading requirements. Only the long term holdable funds were placed into the cold storage and necessary amount for regular transactions on the web wallets.

Yes, this is what practically a trader will be able to follow. Because when we are not trusting an exchange we may need to withdraw funds out of them daily. But why we need to stick with them when we are having multiple choices for any kind of trading/trading pairs.

By considering the high transaction fees and fluctuations, I guess no trader will afford to withdraw and deposit back on daily basis. It might lead to extra hassles other than what we are facing with technical analysis which are alone essential for trading.

[susila_bai]

I am following the limit of keeping coins and bitcoins in the exchange as i dont want to take risk, when ever i am in profit above the daily limit i just go for withdraw at the end of the day. but for some altcoin i deposited whole coins which i am holding as when trading with high volume coins with less margin for that i have to keep all coins .

[BitZonk]

Definitely not daily, but when I make some profit, from time to time, yes, I withdraw part of my funds. It's safer that way cause you know, exchanges fall.

[xypos]

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.

There is a trade off between convenience of storing coins on an exchange as well as the security of your funds. Sometimes you want to have fast trading times, so you don't want to wait for transactions on the actual bolckchain or to sync your wallet at all, as it can be quite a heavy process to go through. I personalyl would rather pay the fees to know that my funds are 100% safe outside of the control of any centralized entity as i believe that this is what bitcoin and cryptocurrencies in general was built for, but potentially you could store small amounts that you can afford to lose on trusted exchanges.

You might ask why are we bitcoiners so anal about storing btc on an exchange? Mt Gox, cryptsy and now poloniex is the answer.

[matchi2011]

Definitely not daily, but when I make some profit, from time to time, yes, I withdraw part of my funds. It's safer that way cause you know, exchanges fall.

If you're earning small amounts evreryday then it would be logical to accumulate first all your earnings for a week before withdrawing. This is to avoid big withdrawal fees to slowly gnaw at your earnings. At the end of the month you will see the difference of withdrawing daily against withdrawing with every once in a while

[richmcrich]

When I do trading I usually make 2-3 hours and get the income around 3-40% but when it is loosing I tend to make it long like 2-3 days max if it doesn't hit my mark I'm withdrawing

For me it depends on the exchange I am trading and the coins I am trading, if I am trading dogecoins I know nothing technically wrong would happen and then I see the site, if it's something like poloniex I never withdraw unless too big to keep there, while if its some site like coinexchange or cryptopia I usually withdraw after the exchange, please note I mean no disrespect to those exchanges, its just my personal feeling and I have the right to express it

[raymond541]

I don't believe in any exchange.whenever i need to trade i just trade got profit and withdraw all my money.for exchange same exchange and withdraw money.I always put small amount on exchange for trade.keep all of my bitcoin in my wallet.holding bitcoin in an exchange very risky.

[batang_bitcoin]

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.

No, I'm not withdrawing all of my balance from exchanges. What I do is that I'm just letting it stay on my wallet and just do nothing. I'm giving a timeframe for somehow like 1 week before putting it to my cold storage. It's hassle and very expensive to do daily transfer because of the fees.

Most of the exchange platforms were quite good and trustable. For the same I used to hold limited funds into exchange websites for all my trading requirements. Only the long term holdable funds were placed into the cold storage and necessary amount for regular transactions on the web wallets.

Yes, in fact that I'm using a web wallet and I've got some bitcoins there staying. I really don't want to withdraw daily but there are times that I need to cash out and sell my bitcoins. And if there's really no choice I'm doing bulk transactions if there's a need for it. Even that is going to cost me a lot of fee, I really don't mind if it's a rush.

[RealPhotoshoper]

I don't believe in any exchange.whenever i need to trade i just trade got profit and withdraw all my money.for exchange same exchange and withdraw money.I always put small amount on exchange for trade.keep all of my bitcoin in my wallet.holding bitcoin in an exchange very risky.

Doing online business always has a risk and lack of trust it is a normal thing.
So the question now is about are you willing to risk whatever the amount you put on an exchange?
If you really don't trust any exchange then you might will have a busy days to keep moving any coins from an exchange to your personal wallet , even 24/7! Think about to solve it.

[BarbieCasino]

Definitely not daily, but when I make some profit, from time to time, yes, I withdraw part of my funds. It's safer that way cause you know, exchanges fall.

here is same situation its all about profit when i make profit on that time withdraw my balance. and when i need money on that time i sell my bitcoin and withdraw my money we should keep small amount of money in exchange because exchanges are more risky than wallet.

[Wowcoin]

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.

When i do trading i didn't withdraw it everyday i withdraw it once a week. To save for transation fee its high if i do it everyday i waste my money so i do it weekly to save more and earned more of my profit.

[mostkey]

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.

When i do trading i didn't withdraw it everyday i withdraw it once a week. To save for transation fee its high if i do it everyday i waste my money so i do it weekly to save more and earned more of my profit.

you think very clever thinking, if we make a withdrawal every day of course we will run out of profit on the problem of transaction costs,Other than that if you can hold it in every week withdrawal, profits in the can be bigger and feel sweet, good side we can withdrawal cost fee transaction