how traders keep their crypto?

[Dilerium90]

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 use only one exchange for tradinga and it's Bitfinix. There are all sets for trading and i think it's most safe exchange. I use other exchanges, such fork delta, IDEX for converting some unknown coins into etehrium.

[1713502803]

1713502803

[o_e_l_e_o]

I use only one exchange for tradinga and it's Bitfinix. There are all sets for trading and i think it's most safe exchange.

Bitfinex is definitely not the safest exchange right now. You need to pay more attention and read up regarding what's happening with Tether.

Tether and Bitfinex are the same company. Tether's marketcap has continued to fall as people sell en masse. Bitfinex are having to cash out huge amounts from their cold wallet to cover these funds. There is $2 billion of outstanding Tether, and only $800 million left in their cold wallet. They are essentially insolvent right now.

Keeping your funds on Bitfinex is risky right now.

[Simu111]

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 always use exchange wallet for doing trading in many exchanges. for that security reason I have passed all exchanges verification process along with two step verification system by google authentication app.

[LSt56]

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 always use exchange wallet for doing trading in many exchanges. for that security reason I have passed all exchanges verification process along with two step verification system by google authentication app.

I agree with you, if we are active traders or just do short-term trading, it will be easier to keep our funds in the exchange wallet, with that we can make buying and selling transactions quickly. But if we are long-term traders or only trade occasionally it will be safer to save funds in a personal wallet with a private key.

[mudasarali43]

Traders are kept their cryptocurrencies in according to the market situation and get benefits according to the market positions where you can get good profit also this strategy is totally varied to the market situations

[danherbias07]

Just putting a date into when you will trade might help.
Like just staying in a trading website for a month and then taking it back to your safe wallet.

It is not easy going back and forth day by day and you will be spending too much transaction fees instead of making it as a profit.
You really have not much of a choice but just staying with them or else you wont feel the profit and it will be difficult to calculate everything.

[Yamifoud]

Just putting a date into when you will trade might help.
Like just staying in a trading website for a month and then taking it back to your safe wallet.

It is not easy going back and forth day by day and you will be spending too much transaction fees instead of making it as a profit.
You really have not much of a choice but just staying with them or else you wont feel the profit and it will be difficult to calculate everything.

I've experience it before doing back and forth transaction but I realize lately that I'm losing a lot rather than of gaining that's why I stop such doing and keep my money in a certain exchange for a months and then I withdraw by then.
But the market before is good unlike today, it is not a good option for these, it is better to keep our token safe and wait for the right time before doing trades again.

[mornabo]

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?

"When doing trading" you mentioned right? Then it was on a exchanger/trading platform itself because obviously you will miss an action once there is a trend if you don't have any funds there. You can also consider to withdraw some as part of precaution.

If you always trades, using exchanges service is not totally wrong. You just have to understand the risks. Like you said, it's annoying to transferred funds anytime. Risky as it is but you have no other choice. So to minimize the risks, use the service of a reputables ones.

If your purpose is to hold it for quiet some time, then's it's more wiser if you considered to stored your coins on a wallet that you control your private key.

I think the solution is to allocate the right funds in the exchange, not allocate all your money in the exchange because it will be very risky, allocate the right funds and keep them in the exchange for the trading function, so you don't transfer at any time

[apityeh71]

As trader we make transaction for different coin in many times so will be more easy just keep the fund on the exchanges,  but use more than 1 different exchange with different email and password and turn on all security feature.

[adaseb]

If you are an active day-trader then you have no choice but to leave it on an exchange.

There are certain coins, especially the most popular ones like BTC,ETH,LTC where you can use a hardware wallet to store your coins in and you can just send them back and forth, however for many of the smaller coins there are no cold storage solutions.

If you are just day trading ETH or BTC on an exchange like Bitmex, then they offer 100x leverage so you can just keep a fraction of your coins on there and just 5x or 10x your leverage and it will decrease your risk incase something happens and they get hacked.

[Lalafell]

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?

Being trader I personally keep my tokes in a hardware wallet such as trezor or ledger which is very secure wallet. Once I do trading or done in transaction I always withdraw it instantly and I will put it in my hardware wallet.

[Dewi Aries]

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?

Being trader I personally keep my tokes in a hardware wallet such as trezor or ledger which is very secure wallet. Once I do trading or done in transaction I always withdraw it instantly and I will put it in my hardware wallet.

I wonder how if you stuck in a market so there is no choice to keep your money in market, in case trezor not support coins that you bought, i think it is better to keep half of money in exchanger, money that we used to trade Only personal opinion.

[seleme]

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?

Just divide your coins between actively traded and holdings. For storing your altcoins look for hardware wallets like trezor, nano ledger. If you are trader who trades daily on exchanges you can spread your balances between big exchanges and lock them with additional passwords.  It is not rocket science

[GregH37]

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?

Just divide your coins between actively traded and holdings. For storing your altcoins look for hardware wallets like trezor, nano ledger. If you are trader who trades daily on exchanges you can spread your balances between big exchanges and lock them with additional passwords.  It is not rocket science

But the big question here must be, how often you will be withdrawing from your exchange ?
Because exchange hacking are happening most commonly these days and I am also curious about how traders are managing with their funds in exchanges.

It is always suggested not to keep big funds in the exchanges but practically we are unable to move funds back and forth on daily basis. I'm seeing this is also another kind of risk we must need to undergo for the reason of having quick trading. But, maintaining minimum funds as much is possible is one simple way to secure ourselves.