Babyrica0226
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October 15, 2018, 04:50:24 PM |
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how you guys keep your crypto when do trading?
leave it in exchange wallet? Isn't it too risky? Store in a hot or cold personal wallet? isn't it too annoying to transmit every time?
leave it in exchange wallet?- Some of the traders doing this things if the exchange has a good reputation or belongs into top 20 exchangers. Isn't it too risky?- Its risky almost all exchange platform actually. But you can google authenticator/2fa to prevent hackers. Store in a hot or cold personal wallet? - it is much better to store in cold wallet like Electrum isn't it too annoying to transmit every time?- Yes it is!
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anitaraymonds
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October 15, 2018, 05:23:44 PM |
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I personally convert my crypto into my local fiat using www.luno.com,unless my crypto that is already in orders (market) which i will leave for the orders to execute or I will cancel them if the market is not responding and convert them back to fiat. If i have an entering point that is good to me i will still use Luno.com to convert part of my fiat to cryptocurrency and place the trade. I do this so that my money will not be at risk of being hacked and that will be the end of my suffering.
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logitechwow
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October 15, 2018, 05:34:52 PM |
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how you guys keep your crypto when do trading?
leave it in exchange wallet? Isn't it too risky? Store in a hot or cold personal wallet? isn't it too annoying to transmit every time?
It seems to me that storing this way is the safest way. And the rest does not matter
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Koadharber
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October 15, 2018, 06:33:26 PM |
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how you guys keep your crypto when do trading?
leave it in exchange wallet? Isn't it too risky? Store in a hot or cold personal wallet? isn't it too annoying to transmit every time?
Its your choice yet you can do both things depending on your risk management.If you are willing to pay up fees everytime to make transfer of your funds from exchange to your own wallet then so be it. Coins more secure but it would pay up for the fees actively but If you don't like to pay up or would like to save up for fees and hassle then its your opt to let those funds stay on exchange but you are already aware on the possible risk on exchange storage.Its your choice.
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Kemarit
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Fully Regulated Crypto Casino
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October 15, 2018, 11:50:21 PM |
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how you guys keep your crypto when do trading?
leave it in exchange wallet? Isn't it too risky?
Again, if you don't have the keys then its not your coins. So leaving funds in a exchange specially huge amount has big risk associated with it. Better just put some decent amount for trading activity only. Store in a hot or cold personal wallet? isn't it too annoying to transmit every time?
If I'm going to store coins in a hot wallet, then Its a big amount that I'm willing to hold for a long time. As you have said its annoying to transmit every time so its better not to used them for your "daily" trading activities and just look for wallet that suits your need.
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maxreish
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October 17, 2018, 12:50:54 AM |
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Usually when the market is at dump stage, I convert my coins into usdt until the market is stable and recovered. But I still have some to transfer it into my wallet for safety purposes. Some part of my balance were still on an exchange where I am capable of doing a margin and day trading as well.
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Maricel2017
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October 17, 2018, 03:10:27 AM |
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I think they do not feel panic every time markets going down instead the helps to increase the demand of every coin they have like what i am doing, keep holding a coin that you know have possibility to increase its value make the coin more positive and will have stronger value.
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Renaldi blackspadeteam
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October 20, 2018, 12:30:41 AM |
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how you guys keep your crypto when do trading?
leave it in exchange wallet? Isn't it too risky? Store in a hot or cold personal wallet? isn't it too annoying to transmit every time?
I live in Indonesia and I choose to keep crypto in the exchange wallet, because I trade on Indodax.com and have an office, so if there is a problem you can go directly to the Indodax office, please read the Indodax office address here https://blog.indodax.com/office-bitcoin-co-id-in-jakarta-barat/
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iphy6013
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October 20, 2018, 02:40:23 AM |
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how you guys keep your crypto when do trading?
leave it in exchange wallet? Isn't it too risky? Store in a hot or cold personal wallet? isn't it too annoying to transmit every time?
I think it's best you leave you coins on exchange when trading, should in case there's an impromptu sale you wouldn't have to worry
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kotajikikox
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October 20, 2018, 02:59:01 AM |
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how you guys keep your crypto when do trading?
leave it in exchange wallet? Isn't it too risky? Store in a hot or cold personal wallet? isn't it too annoying to transmit every time?
If you have trust to your exchange where did you trade you can leave your coins there, but if think the exchange do you use isn't a truted beacuse lack of security feature and prone from the hackers don't leave your coin stored it in the safest storage.
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rickadone
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October 22, 2018, 11:10:35 AM |
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how you guys keep your crypto when do trading?
leave it in exchange wallet? Isn't it too risky? Store in a hot or cold personal wallet? isn't it too annoying to transmit every time?
I do not keep my coins in one exchange to begin with. I dilute them into multiple exchanges and if possible download the wallet for that coin as well. If there is someone out there who trade daily than they can answer this much better because daily traders are buying and selling everyday and they need to have funds on the exchange constantly however if they are keeping their coins there all the time that means they should be really trusting the exchange really a lot. I do long term investment and when I buy a coin I usually hold it for a long period of time and if you are holding a coin for a long period of time than you can download the wallet of that coin and keep it on your computer which would create a great security for your coins. It doesn't mean nothing will happen to them but it certainly is better than keeping it on a third party website than your own computer.
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gilangIDR
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October 22, 2018, 11:14:08 AM |
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how you guys keep your crypto when do trading?
leave it in exchange wallet? Isn't it too risky? Store in a hot or cold personal wallet? isn't it too annoying to transmit every time?
Of course it must be in accordance with our goals. When we aim to hold for a long time then choosing an offline wallet is the right choice. But if we are an active trader and try to trade in small volumes, saving funds in an exchange that has a good reputation becomes an option. It all depends on what we do. Things like this must be understandable and for a trader, making decisions is something they must understand very well.
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Gershonxer
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October 22, 2018, 11:26:31 AM |
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It depends what on the kind of trader. As for day traders, they store most of their funds in an exchange to make daily trades and take advantage of any pump and arbitrage trade. But for long term traders, funds are mostly stored out of exchange. But storing funds on an exchange is very risky. We have seen an upsurge of hacks on crypto exchange, about 800million lost. So have haven said all these, the best way to store your funds is in your wallet preferably wallets that you are in control of your private keys
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DarkBullet
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October 22, 2018, 01:03:10 PM |
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Even though it always advisable not to put your funds to an exchange, I actually just leave it to my exchange account specially when I am holding it in times of covering some losses or waiting for a break out for my altcoin to take a profit. I only maintain specific amount to my account then when the profit comes (which also has a set amount), I immediately transferring it to my hard wallet to hold it for long term. Transferring back and forth everyday or every trades will be a hassle for me and I am very comfortable and feel secured when leaving my funds to my exchange account actually.
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o_e_l_e_o
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October 22, 2018, 01:23:28 PM |
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leave it in exchange wallet?
- Some of the traders doing this things if the exchange has a good reputation or belongs into top 20 exchangers.
Isn't it too risky?
- Its risky almost all exchange platform actually. But you can google authenticator/2fa to prevent hackers. Just because an exchange moves a large volume or is reputable, doesn't make it safe. Mt Gox was very reputable and was dealing with about 70% of the entire market before it was hacked. I would definitely be avoiding smaller exchanges, but just because an exchange is large or well known doesn't necessarily mean it is safe. Using 2FA is a good idea all round, and will help to prevent people from hacking your individual account, but it does nothing to prevent against exchange hacks. Store in a hot or cold personal wallet?
- it is much better to store in cold wallet like Electrum
Electrum isn't necessarily a cold wallet. Downloading and using Electrum on your internet connected computer is a hot wallet, and whilst better than an exchange, is still not that great for security. Electrum would only be a cold wallet if used on an airgapped computer or as an interface for a hardware wallet such as a Ledger Nano.
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horrifiedx1
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October 22, 2018, 02:57:36 PM |
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Even though it always advisable not to put your funds to an exchange, I actually just leave it to my exchange account specially when I am holding it in times of covering some losses or waiting for a break out for my altcoin to take a profit. I only maintain specific amount to my account then when the profit comes (which also has a set amount), I immediately transferring it to my hard wallet to hold it for long term. Transferring back and forth everyday or every trades will be a hassle for me and I am very comfortable and feel secured when leaving my funds to my exchange account actually.
right, personal wallet is certainly safer than we put in exchange. if we don't do it off course. but to hold for a long time, I prefer to hold in btc or eth. of course it will feel calm when holding it
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Usafstar
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October 22, 2018, 04:17:35 PM |
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Traders trade very quickly and they have a commission fee so they never face losses in the normal routine because if they change 3% then the price movement in that time may be 1 or 2 % so still they can find a good profit and they know that at which price they will sell their coins, Traders are the expert of the market and they keep those coins which they want to rise for demand and still they have a good volume of that coins for trade so they hold some portion of every coins with them.
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deevan
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October 22, 2018, 04:56:22 PM |
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Well if I knew that I want to trade often then surely I will leave it on exchange to avoid transfer fee if the exchange is good. But if I knew that I don't want to trade soon then I will transfer it to any supported cold/hot wallet, leaving your crypto on exchange for a long time can be quite risky as exchanges are always prone to security issues. If you are doing day trade then it is better to leave on exchange to avoid transfer charges & it will save your time for transferring your crypto from wallet to exchanges vice versa.
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carlisle1
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October 22, 2018, 05:54:13 PM |
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Never leave your coins in an exchange overnight,everytime that you are done in your trading sessions,make sure tht you will return the funds in wallets,because exchangers are very vulnerable from hackers.this is their target as lots of funds they might take from them
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crypteris
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October 23, 2018, 03:34:53 PM |
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I would suggest storing coins on a hardware wallet. It's safer though might be quite expensive. In case of keeping cryptos on exchanges, make sure it is secure enough and offers different safety means like 2FA, cold storage, etc. CEX is known for its high level of security. After buying on the exchange ( https://cex.io/btc-usd) you can keep some coins there for trading or other purposes.
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