How do you trade if you won't leave your coins on exchange

[VDraci]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

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[target]

You consider this issue every time BTC goes up. You would have to get out of the exchange in order to do safeguard your coins. Its risky to leave the coins but withdrawal fees are getting higher.  What you can do is move your coins to XRP when withdrawing or any altcoin with cheap fees such as TRX or USDT.  Or you can use dex with the noncustodial wallets, your coins don't go anywhere.  

[Ucy]

my point is there is no way to be a trader without your coins sleeping in exchange wallets

You can actually be a trader without having your coin on exchange. This probably will be abit difficult for day traders.

 I actually used to leave coin on exchanges after trading because I traded with funds I could afford lose. So you should trade on "secure" exchange with what you can afford to lose if you prefer leaving coins on exchanges.
There are some interesting ways your kind of problem(or things like fast automated day trading) could be well handled in very decentralized manner, even on a slow Blockchain while you still fully control your keys/coins. Don't know if they have been tried yet.

[bittick]

Some may leave their coin on exchange sites but others may have differenr way than it just like try to trade when they were not going to sleep and they were moving back their coin to their personal wallet again. That's true if we will always use exchange site but it doesnt mean there is no way to trade without leave our money on exchange site.

[Greatdev]

You consider this issue every time BTC goes up. You would have to get out of the exchange in order to do safeguard your coins. Its risky to leave the coins but withdrawal fees are getting higher.  What you can do is move your coins to XRP when withdrawing or any altcoin with cheap fees such as TRX or USDT.  Or you can use dex with the noncustodial wallets, your coins don't go anywhere.  

Honestly this doesn't answer OP question, withdrawal in lower fee is the solution you gave not how to trade without leaving fund on exchanges, I don't see how you won't leave your coins on exchange here, day traders trade from time to time, some even a whole day in trading, even while sleeping orders are getting in place 

[minairia3]

$8k is a lot of bitcoin, of course its risky to stay put that on an exchange. Better to hold it first on your own wallet the one with own private key then just check the price of btc feom time to time, when it reaches the desire price you wsnted to sell then trade it. Deposit on the exchange then sell. That is a holders style, but if you want to be an active trader, you need to give up sometime on watching the market while your funds still there and at the end of the day after all your trades are done. Put t back on your wallet. Sounds hassle but this is for safety, unless you are using a high trusted exchange to be relax even your huge funds just settling there.

[Kupid002]

Some may leave their coin on exchange sites but others may have differenr way than it just like try to trade when they were not going to sleep and they were moving back their coin to their personal wallet again. That's true if we will always use exchange site but it doesnt mean there is no way to trade without leave our money on exchange site.

the suggestion  that give by users is to put your balance in your own wallet if you will only plan to hold a coins or bitcoin.


Exchange is not wallet to use to stored your coins or other currency they are only use for trading, so if you are daily traders you can stay it there in exchange so every time you want to buy in daily  you can  buy anytime. But like other suggestions don't bring all your all balance in exchange so in case the exchanged hacked or plan to run you still have available balance to recover the lost if this case happen.

[Fesatmas]

I have never left my coins on the exchange except to trade in the short term for me it is not a problem because waiting for a sell order successfully even if bitcoin goes up in a flash then I will look for a trap again with the right price and the possibility of it coming back, and that's me do when trading.
Every valuable coin I always keep in a cold wallet.

[hushpupppy]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

I think you have mixed it up, when it comes to trading, your capital stays on the exchange platform, and you only withdraw your profits,
But when you send out your coins out of an exchange, then you are investing, with no intention to sell soon.

Trading means you can afford to sell any time there is an opening which is now, while withdrawing your tokens from exchange means, you are selling later at a rather desired price.

If you are a trader, you don't have to send your coins around, withdrawal charges will claim your profits from you

[batang_bitcoin]

That reminder means that don't leave most of your coins on exchanges. Like using them as your main cold storage or personal bank account. Exchanges doesn't go like that and we usually store coins there that we'll use for trading so it's basically the real thing that happens. We leave the tradable amount and coins in exchanges if we have plans of trading it or we have put into sell order. The main reason of that reminder is don't use exchanges as your safety vault.

[Chuky92]

It is true that as traders there is every chance that funds must be left on the exchange; however, from my own understanding, when the statement of not leaving funds on exchanges are made the idea is, don't leave your funds for too long and if you aren't trading with it, then withdraw to external or personal wallets. Also, if it is a valuable coin, withdraw to personal wallet; I have seen those who always send out their trading profits. For the fact there is no secure exchange be it top exchanges or otherwise, then there is need to be security conscious for the sake of our funds.

[hiburak]

If you're a trader then you will have to use an exchange. The advice to store coins on the wallet is given to traditional investors (holders who don't trade very often), not to those who day trade.

[Iyanu14]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

The advice is just for your good.  Many exchanges are vulnerable to hackers who have stolen millions of dollars.  It's not necessarily your coins are on exchange before you monitor price and trade.  Keep your coins in your wallet app where it is safer than exchange. Then when you have a favourable price to trade with, quickly transfer your coins to the exchange.  It's better to spend little gas for transfer than losing the whole coins on the exchange.

[HunterUnchained]

For trading, it's always recommended to trade with a portion of your portfolio and leave the balance on your main external wallet. With this, you minimize or control your risk in cases where the exchange undergoes a hack or system breach. Also, you can take the necessary precautions by ensuring you have all the security protocols like 2FA, email authentication activated on your account. With this, you can be sure to have top level security on your account. It's always a bad idea to leave your assets on the exchange if you aren't trading.

[adzino]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

They warn people not to store it for long term. I mean, what they are trying to say is, as soon as you are done with your exchanging activities, don't store it over there. Withdraw it and keep it somewhere safe.
In other words, don't use the exchange like your personal wallet.

[Marble777]

if trading without leaving coins on the exchange or leaving a message, then with full-time trading, every day traders always do that to get instant profits. Yes, as we know that traders have different trading methods, but I personally never leave coins on any Exchange during daily trading.

[Twinkledoe]

You consider this issue every time BTC goes up. You would have to get out of the exchange in order to do safeguard your coins. Its risky to leave the coins but withdrawal fees are getting higher.  What you can do is move your coins to XRP when withdrawing or any altcoin with cheap fees such as TRX or USDT.  Or you can use dex with the noncustodial wallets, your coins don't go anywhere.  

If I may add, use doge also when transferring from one exchange to another or better if you have doge wallet. In my experience, doge is one of the alts with low tx fees and is available in most exchanges. It is really advisable not to store your coins in the exchange because you don't know when these hackers will penetrate their system.

[imoet]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

Some people do not leave their coins on exchanges for some reasons too include safety.  They are worry to let it stay and choose to keep it in another place. But other people let it stay for the sake of fortunate.

[Tipstar]

You can do that with a dex. Most of the stable coins are tokens on Ethereum platform and they are listed on Decentralized exchanges where you can create a contract to sell the coins in your wallet when there's users that want to buy at the price you want. It's all same like a centralized exchange except you are the one that holds the coin until the exchange is made.

[makishart]

if trading without leaving coins on the exchange or leaving a message, then with full-time trading, every day traders always do that to get instant profits. Yes, as we know that traders have different trading methods, but I personally never leave coins on any Exchange during daily trading.

Based on what you are saying right now and that means it's not always true if the daily trade will leave their coin on exchange site, I just realize about the fact that to send back our money to our wallet is not so expensive as there was so many scalable coin that cost penny to use its blockchain.
fees is not a big problem but some daily traders just wanna earn more while they were sleep.

[Little Mouse]

Now for those saying 'don't leave your coins on exchanges' how do you trade?

Actually this is different as you are thinking. If you are a day trader, then I think you must have to put balance on exchanges. You have no way but ut is always recommended that don't store your coins in exchanges, have you got it?

[doctor877]

The perspective of not leaving your coins on exchange is when you are not trading. You definitely won't put your coin in your wallet and expect to be trading on an exchange because it dosent work that way. If you trade and make profit then you can withdraw to your wallet not when you have pending orders.

[Reid]

That's a risk you should be willing to make.
Keeping it an exchange could be profitable or could become a devastation.
If an exchange is hacked or suddenly close down then it will be a difficult task to get it all back.

I think what is really clouding your mind is greed.
You want to make profit from the volatility of bitcoin and it is normal for all of us.

Here is some little advise if you are still forcing your way down that road.
Keep an amount in exchange that you think you could lose and will not regret in the end. 

[kayvie]

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

Given example shows that you will hold your bitcoin until the price of bitcoin will hit $9000, in this case, you don't even need to let your BTC to sleep in an exchange since we have a lot of different wallets that you can use to store your BTC.

The main point of this advice to not leave your coins on an exchange is to avoid your funds to get stolen, freeze, or anything that can hurt your assets. If you know that your expected price will take a lot of time before it reaches, then you should understand that it is safe if you don't leave your coins alone.

[Ridwan Fauzi]

Some people do not leave their coins on exchanges for some reasons too include safety.  They are worry to let it stay and choose to keep it in another place. But other people let it stay for the sake of fortunate.

Depend on your purpose actually, you can't trade if you choose long term investment, and you are considered that this strategy is suitable to you.

This is why you need to store them on the cold wallet, at least it will make your coin safe as long as you can hold the prikey.

But when you choose as a trader actually you are still comfortable to store your money on the exchange. I believe there are some exchange who have a high-security system. They don't want to make its user is disappointed and will make their business close quickly. 

[lienfaye]

Well we have different strategies, though letting your coins stay in exchanges has risk it has an advantage for traders who frequently trade. Just like what you have said if you set a target price when to sell your coins then you need to let it sleep there until it reach the amount you want.

I dont use the exchanges as my wallet, I just monitor the price. So if I see the value increasing and im ready to trade my coins then thats the time to transfer it to my chosen exchange.

[DabsPoorVersion]

That's a risk you should be willing to make.
Keeping it an exchange could be profitable or could become a devastation.
If an exchange is hacked or suddenly close down then it will be a difficult task to get it all back.

I think what is really clouding your mind is greed.
You want to make profit from the volatility of bitcoin and it is normal for all of us.

Here is some little advise if you are still forcing your way down that road.
Keep an amount in exchange that you think you could lose and will not regret in the end. 

Exactly, and the risk is always there.

There is no one who could tell what will happen to the exchange and it's way better to avoid that risk while having the opportunity to become profitable for not keeping the coins in exchange.

To OP, better to follow this because it came from the people who encounter a lot of issues in different exchanges. Also, remember that even the biggest and most popular exchange can still be a victim of hacking.

[Free1bitco.in]

what they mean is, don't make the exchange place your wallet. how can you trade if you don't have funds in it? however, the majority of cases of loss occur because of the place of exchange being hacked. to be honest, I still keep my assets at a local exchange, because I believe it's quite safe, and they have an official office here. Do with your own risk, not many people recommend storing their assets in the long term in the place of exchange.

[joshua123]

You already answered your own question. If you dont leave your coin on an exchange how would you trade right? You should left your coin there to be able to trade and the thing about withdawal or concern about safety is also depend on you. If you willing to put that amount there for trading is fine, as long you keep your account safe. Like many have mentioned, you only need funds that you are afford to trade, and thats also included the money you are willing to risk.

Wallet and exchange are different. But there are some wallet that can directly exchange coins. Maybe you need that one.

[maxreish]

We tend to trade those atcoins in a particular exchange but we know the fact and the risks that if we store those altcoins for too long, the tendency that we may lost them is possible.

We have to pull them out every now and then. Or just like what I did, I still some altcoins in one exchange but not that much so whenever I wanted to trade them I may buy more by depositing when I have to.

[Mighty_crypt]

$8k is a lot of bitcoin, of course its risky to stay put that on an exchange. Better to hold it first on your own wallet the one with own private key then just check the price of btc feom time to time, when it reaches the desire price you wsnted to sell then trade it. Deposit on the exchange then sell. That is a holders style, but if you want to be an active trader, you need to give up sometime on watching the market while your funds still there and at the end of the day after all your trades are done. Put t back on your wallet. Sounds hassle but this is for safety, unless you are using a high trusted exchange to be relax even your huge funds just settling there.

There is no such thing as 'HIGH TRUSTED EXCHANGE', it's lot safer not to leave coins on exchange, remember that even the most strongest exchange 'binance' got hacked years ago, hackers can penetrate at any time

[Rubick99]

That is confusing me because when you will sell your coin in exchange, you must send it to exchange wallet amd waiting for transaction confirmed. And then basic trading for high risk, high volatile product that must using free money, money that you already to lose. If you want your money safe, just trade for gold or silver.

[Greatchu]

I will like to share a truth about this trading and deposit issue here, even if you keep completing a trade and withdraw in an instant I don't see how this safe you from hacks, what matters is how lucky you are, don't you know that hacks has no fixed time? What if you get hacked exactly after you make a deposit on any exchange?

[Zeke_23]

Don't think too deeply about how you can trade if you can't leave your coins in the exchange.
You just need to understand why it is being said that storing your coins in the exchange has a high risk of losing your money.

If you are planning to place your sell order with a wide difference from its current price, then it is most likely you are going to store it for a little while. Meaning, you have the choice of extracting your funds out of the exchange and put it to safety. That is what they meant by you should not leave your coins in the exchange.

[Jating]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

I think the point of leaving your coins in an exchange is that the probability of that exchanges being hacked, your coins will be gone as well. That's why proponents of it are totally against this kind of practice. I understand your concern, but are you willing to swap your security overnight?

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

Maybe the rule of thumb is not to leave big money in an exchange, like thousands of dollars in one exchange. I still remember Quadriga-X exit scam, wherein some software developer has left his 6 digits in that exchange, and the next day it was all gone in an instant. So there's a trade-off here, and it's up to know to weigh the cons/pros of leaving our money in an exchange.

[Reatim]

Better to keep safer than loser,though the chance of being scammed or hacked the Exchange we are dealing with still they are vulnerable in hacking.

What i am doing is putting my money in exchange while i do my Daytrading(though this is years ago when i last trade0 but once i'm done then full out my coins and put in my wallets.

it is  a bit losing sometimes because of Crypto volatility but yet i am doing it a little strict.

and also try arbitrage because this can be profitable in some ways.

[shoreno]

there are wallets that has a built in exchanger where you can trade them just like what you do on an actual crypto exchange the only difference is the fee and there is no automation on it  .  if you dont store your coin on the exchange you cant be call a trader but you can be an investor instead   but like what you have said , what if you are sleeping by the time the price pump  ? i guess trading on an exchange is still the best  but we just make sure that we are using a high quality exchange

[SyndicateLabs]

Exchanges are now safe enough for you to leave your money there and trade. As long as you never leave money on exchanges too long, and also always choose top exchanges like Binance, Okex ... to trade. These are the best and safest exchanges in this market

[Aaroenz0r]

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

You misunderstood the meaning of the phrase 'don't leave your coins on exchanges'. This is a saying about capital management in a smart and sophisticated way. In this crypto market, most of them are fraudulent exchanges. when you deposit all the money into an exchange it gets into security problems and hackers steal all the money. So will they refund you? No, They will abandon you and dont care about your lost money.. That is why you should divide capital in many different exchanges, when having trouble you will not lose everything.

[FOPL]

If you are an active trader then you most of the time you need to have your funds on a highly secured exchange. However, some of us do not trade much often and there is no need to have our funds lying idle on an exchange. Mid to long term holders are always advised to keep their own funds.

In the case where you would want to do some quick trades, there are other ways you could achieve it. For instance, you can use changeNOW.io to swap or buy crypto without creating an account and no maximum limit. Alternatively, Atomic Wallet has an inbuilt exchange you can make use of. You exchange your coins without leaving your wallet which you have access to your private keys. Hardware wallets are also there provided you can afford one.

[tvplus006]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? ...

It is very good to Wake up in the morning and see that you have received a profit from the sale of bitcoin. But it may turn out that you sold bitcoin at night for $9 thousand, and in the morning the price of BTC is already $ 10,000. Therefore, you need to constantly be in the market and analyze to what level the price of BTC can change in order to make the right decision.

[FireBallex]

Market goes up and down at any time so I don't see how you won't leave your coin on exchange, if you are real trader you will always have coins on exchange, most especially when market is greenish

[YOSHIE]

Now for those saying 'don't leave your coins on exchanges' how do you trade?

It seems that it is often done by traders in the trade they trade is called "order", without leaving coins in the trading market.
For example:
Today you buy Bitcoin at a price of $ 8000, if you are busy people do not have time to open the exchange site, maybe you can open 3 or once a week, you can order a Bitcoin price for example $ 10,000, without coins being stored on the exchange, when you open the exchange site if Bitcoin breaks for $ 10,000 you have no Bitcoin stored that has become fiat money, orders.

[Gotumoot]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

I think it is a common sense when they are telling us that we shouldn't leave our crypto on exchange they meant for a long period of time not just for a couple of days or making the exchange as personal wallet.
Of course if you are aiming for something big then wait for the price to be near your goal before sending it to the exchange as you mention if the BTC is trading at $8,000 and you don't want your BTC to be held by exchange and your target is $9,000 then wait till the price is near your target before putting it on exchange.

[Krabby]

If you want to trade, then you need to leave money at the exchange. That is the only way I know it and I still use it at the present time. If you are afraid of being hacked, you should choose large exchanges in this market to be more secure, Binance, Kucoin, Huobi... Those are the good and safe exchanges you should use

[andycarrol]

If you want to trade, then you need to leave money at the exchange. That is the only way I know it and I still use it at the present time. If you are afraid of being hacked, you should choose large exchanges in this market to be more secure, Binance, Kucoin, Huobi... Those are the good and safe exchanges you should use

indeed trading in a trusted exchange place can provide security when trading long-term but you also have to install various levels of security in your exchange account, be sure to install google authenticator, phone number verification and email verification, at least there is an effort from yourself for asset security.

[isaac_clarke22]

When it comes to that OP, I just tend to put those funds intended for trading right back in my wallet especially that I heard exchanges getting hacked. Withdrawing it out would be worth rather than leaving it in that exchange. Sometimes i use temporary online wallet like MEW but I don't recommend people to just rely on that as it is still an online wallet in reality, consider using hardware wallet instead.

[el kaka22]

When people are saying do not leave your money on exchanges they are not trying to say don't do it while trading, how could you trade without having money on your exchange, of course you are going to put it there. The thing is, when you want to trade, just check beforehand and see if you could withdraw, lets say you want to trade with 10k, put in 100 dollars and make some trades and withdraw, after that put all that 10k and make your trades and when your trades are over just withdraw your money and stop. Even if you are a big time trader, just never leave it there when you are not trading.

Put the money in when trading, take it out when not trading, thats the secure method. Is it still dangerous because you could lose all your money while trading and they get hacked at that moment? Sure, but at least its a lesser possibility than just leaving there forever.

[iv4n]

I have some coins on several exchanges I trust, even if they get hacked I think they will refund us, it's what binance did and that's the example for all other exchanges that wish to be on top! Anyway I have that coins that I use for daily trading, for some signals I catch up, or for some of my own ideas, but when I wish to make some bigger trade I deposit coins and make a trade, when I finish most of the coins go back to wallet, but I always leave some coins to sit there. Call it luck or however you want, but I never had any coins in exchanges that got hacked! Learn to make a difference between reputable and suspicious exchanges!

[JHORN]

There is no way you won't leave your coins on exchange to trade, that's why we have buy and sell orders on every exchanges, if no one wants to deposit because of fear of hack then you wont be able to buy coins most times,

[JHORN]

The only danger here is leaving your coins on exchanges for long time, when you finish trading, maybe 24Hrs trading you should withdraw your coins and wait for the next day or week you'd feel like trading again

[KaratX]

You have to create orders before going to bed and once you wake up your order might be fulfilled, there is no way you won't leave your coins or tokens on an exchange unless you aren't a pro trader or you have no interest in trading at all

[@baoli]

It is actually interesting to trade on top exchange with good 2FA and strong password you fund is secured from your end. The rest security is left with the exchange. You can set orders and sell your coin at prices you wish. If you want your coin to be with you then have to look for Dex that sales the coin to trade on.

[gabbie2010]

I will rather leave my fund in a reputable exchange while trading of course it has to be 50% of my portfolio having hodl the rest fund in my wallet thus less risk.
I will always withdraw huge profits made into wallet as a precautionary measures of course every business is risk anything can happen at anytime, we heard touching stories of exchange hacks.

[jhonjhon]

Of course, you can't make a trade to any exchanges if you don't even have a single deposit. And of course, you have to leave it for a while but not in a month or even a week. Why we shouldn't have to leave it there for a very long? Is that because we care about the safety of our money in there. Think that what if that particular exchanger has been scammed? Don't even think that they will give you your money on their site and I don't that we can urge them to give it also.

[Flux0z]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

The answer is VERY simple. Make use of a DEX like the Blocknet DX platform.

You don't need to transfer your coins anywhere, you're in complete control of your own private keys at all times. You can make both buy orders and sell orders without risking your security.

It's THIS easy, yet the vast majority of people refuse to even try it. 

[MCDev]

I think that advice is for long-term holders.
If you are a daily trader it is absolutely necessary that you keep the money in an exchange wallet, but if you are a long-term holder, it is more important to ensure the safety of your money. So for long-term holders, it's not wise to put money in an exchange wallet.

[Wayrey2020]

it is not convenient to trade if you will not leave your coins on excgange. and it will even result in losses.
Imagine buying bitcoin in this clogged transaction era, then sending to to wallet address, how do you take profit when theres a bull ?

Thats why it is recommended to use trusted and legit top exchange platforms alone.

[coin-investor]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

Are you selling all your Bitcoin if you are you have to take that risk but if you are waiting for the big pump to happen then don't just let your Bitcoin lying on exchanges, just wait for the right time to deposit and trade it at the price you want, the price will not jump immediately, you can sense it if you are always looking in the market.

[Jorge158]

Storage funds are not advisable to be kept on an exchange for long term unless on is a short term or day trader. Traders normally have frequent flow in their tokens hence cannot move their funds in and out so frequently. For long term investors, it is better to have funds stored on a wallet with key phrase and other login securities. Remember, "not your keys, not your cryptocurrency"

[Kotone]

This is logical and common sense. If you will trade obviously you will be needed to put that on exchange. Having said that, its your responsibility to make sure you are using a good and trusted exchange were those coins are gonna be safe. But there is no such thing like that. So it will depend on you, how much you willing to left there. No string attached risky but thats how trading works.

[Twinkledoe]

This is logical and common sense. If you will trade obviously you will be needed to put that on exchange. Having said that, its your responsibility to make sure you are using a good and trusted exchange were those coins are gonna be safe. But there is no such thing like that. So it will depend on you, how much you willing to left there. No string attached risky but thats how trading works.

That's the dilemma of some traders, since they are always using the exchange for their trading activities, for them it is better to let their funds sit in the exchange for a while. Because the tx fees that it will incur back and forth will be significant for them. But I think if there are days that they are not in trading, they should transfer it to a more secure wallet.

[smyslov]

That's the dilemma of some traders, since they are always using the exchange for their trading activities, for them it is better to let their funds sit in the exchange for a while. Because the tx fees that it will incur back and forth will be significant for them. But I think if there are days that they are not in trading, they should transfer it to a more secure wallet.

It is really a dilemma if the trader is actively trading, but he should make sure that he will not let his exchange sit in the exchange for a month while waiting for the market to improve, if he knows how to check and had an insight in the market, he'll know the right time to put his coins in the exchange, and also he should only trade in a reputable exchange.

[skeleto88]

From my own perspective,of Don't leave your assets in exchange means that don't store it there for a long time without doing anything or making any trades. If you want your assets to be in a safe place rather have them in your personal wallet than leaving it any exchange that are prone to any kind of attacks.

[Festac]

To trade successful you need to create trading orders on exchanges and for the order to be successful it might take seconds, minutes , hours, days or even weeks, NO way you can escape not leaving your coins on exchanges

[Mia44]

It all depends on how you trade, if you are a long-term trader then you do not need to leave the currency you own on the exchange, if you are a short-term trader, trade with great frequency, leaving your assets On exchange is required.

[pilosopotasyo]

The risk is on you if you let your coins sit in exchanges for a long time, even if the exchange is highly reputable you never know what's going to happen, not your key not your coins, so it's better to deposit if you are going to trade but don't let your coins sit there for a long time or you will be sorry later.

[Ryker1]

Well, I would really agree that you should not leave your coins on the exchange if you will remove your eye on it because of the volatility on the bitcoins' price and you perhaps just missed your target price. It is safer to be on a day trading because you will have the chance to remove your coins anytime if the market is not getting in favor of you. But some do longer time trading because they find it more profitable to them but for me, --it will still be better to put only the amount of coins that you may afford to lose and will not hurt you so bad because at the end of the day risk is what we are taking when we do trading.
Indeed, I believed that once you leave your coin on exchange and you did not hold the private key, the coins you have been stored do not belong to you.

[BitcoinTurk]

It is essential to use an exchange service to trade, so no investor can fully stay away from these services. Generally, individuals who do not want to keep their investments in their wallets of such services send money to exchange services for a short period of time depending on market movements. After this submission, he quickly completes his transactions and transfers his existing capital back to his own wallet. This is actually nothing more than the user self-suffering for short-term transactions, but unfortunately exchange services do not provide us with any extra security measures to safely store our money. I usually prefer to keep my money in my wallet or exchange accounts. I am not constantly transferring between my wallet and exchange service account.

[spike420211]

If I do not trust the exchange, then I will never make a deposit on it.
There are many opportunities for trading without intermediaries, for example, decentralized exchanges.
The market has a fairly large number of good exchanges of this kind.

[thesmallgod]

Trading is not possible when you leave your coin in a wallet. You have to transfer it to exchange platform that you want to trade. The reason why it is being suggested that you should not leave your coin in exchange platform is the fear of an attack on the platform that might lead to loss of your coin as it has happened in the past https://thespinoff.co.nz/business/28-05-2019/how-new-zealand-company-cryptopia-lost-over-20-million-from-a-hack/. However, it is not advisable to keep coin in an exchange for a long time just the way it is being kept in a personal wallet for long term investing. When you are trading, you withdraw some percentage of your profit constantly to your wallet depending on your set goal. However, trading on a decentralized exchanges are less risky than centralized exchange but you can have issue related to limited trading, low liquidity etc.on most DEX platforms.

[aemma]

It is not as if the idea is a trader moving all his entire assets off exchanges, the idea is, keeping only your trading funds and moving others off exchanges. Also, another idea is, if you know you won't be trading for a while it is better moving the assets off exchanges as well. I think those who have been victims of hacked exchanges won't ever leave their assets for a long time again because they have learnt, once they are done trading they withdraw, it is better paying a little fee for charges than loosing a whole lot to hackers. The reason why this has been said many times is because there are some people who uses exchanges to store their assets, whether they are trading or not.

[South Park]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

If you decide to avoid leaving your coins in an exchange then you are going to face several limitations, first of all day trading will become impossible and you will need to become a position trader or a swing trader, since it will be impossible for you to transfer your coins fast enough to the exchange to take advantage of the fast variations in the price.

Also you will be unable to use limit orders and will have to use market orders exclusively, this means you may not get the best possible price when you trade but if your strategy takes this into account then it should not be such a huge issue, however you still need to be careful and watch the slippage and avoid trading if it is too big for you.

[litepool.ru]

It all depends on how you trade, if you are a long-term trader then you do not need to leave the currency you own on the exchange, if you are a short-term trader, trade with great frequency, leaving your assets On exchange is required.

Exactly, if we hold altcoin in the long term, there is no need to leave the assets in the exchange because they may be attacked in the future. But if we trade short-term and have constant frequency every day, then we must put money in the exchanges

[giammangiato]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

Some exchanges support hardware wallet trading, than you have to connect and trade but you will lose the opportunity of do good gains putting in orders your coins and you have to be costantly connected for be ready to sell at the right price!

[Innocant]

Trading was to risky doing that in your first time, And if you have coins came from a bounty and want to trade in a exchange site must better to leave on there and set a price that we want trade. But we need to choose those trusted exchange that could not lose our coins incomes of having a leaving on a exchange site. Actually most of coins came from bounty campaign are worth to trade on but some of them become shitcoins for so long.

[leatutz]

It all depends on how you trade, if you are a long-term trader then you do not need to leave the currency you own on the exchange, if you are a short-term trader, trade with great frequency, leaving your assets On exchange is required.

Exactly, if we hold altcoin in the long term, there is no need to leave the assets in the exchange because they may be attacked in the future. But if we trade short-term and have constant frequency every day, then we must put money in the exchanges

In this process we can increase our security but still not safe. Hack problem and scam exchange can show you real face anytime. Either you short term or long term traders. Of course all traders should trust some exchange, you can't manage trading fee if you don't trust one. Every types of traders left some money in exchange, so you should withdraw your profits.

[NS-Soul]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

I think the meaning of don't leave your coin on exchanges is when you have a position and no stop loss specially if you are leverage trader because when you leave it there with position you may end up losing your funds specially if your position is long then the coins when down then your funds would be nothing or lose it all.

[ancafe]

I think you can only do that when you have found a token buyer directly. some people try to sell their tokens on social media. however, I do not recommend it. if you are so afraid of losing your assets in exchange, then don't keep it in the long run. You just have to pull it back to your wallet when you're done trading.

[layoutph]

Another type of trading is by buying the coin and saving it in a wallet address. For example instead of buying ETH in an exchange. Why not buy it ETH and save it a hardware wallet or wallet created in myetherwallet. This is applicable if you are a longterm trader. If not you have to risk your funds to what ever happened to exchange site.

[shadowdio]

Well it is just advice, don't store all your funds in exchange as a wallet. Trade with your extra money but still it is up to you, that's your money you decide.

[Retainly_Collie]

If you trade every day at the exchange and use it on a regular basis, you need to leave your assets in exchange to take advantage of the opportunities of the day. And if you hold the long term sure then, never leave it at the exchange because that is too dangerous action

[imstillthebest]

Well it is just advice, don't store all your funds in exchange as a wallet. Trade with your extra money but still it is up to you, that's your money you decide.

maybe he thinks all coins are going to pull out on the exchange and if that was the case he is correct with that but no trader does that unless if he isnt done with his business which is trading    but pulling out your coins is fine because you can always deposit them and trade again   . as long as you are aware that doing this takes time and fees too  but this is nothing compare too if your coins got hacked inside the exchanged   .  not saying all traders can pull out thier coins now for safety  ,  this is only for people that are scared or cant afford to loose big

[jrrsparkles]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

When you create a sell order the coins will be locked from your wallet so you can't withdraw it even if you wanted too unless you cancel the trade order.

And if you are expecting huge returns from single trade order then probably you are not an experienced one.

[Guryon_master]

What they were saying is just a piece of advice specially to the newbies since they are not yet familiar with the risk Which is reasonable. But to anyone who have grown up in crypto world you'll learn some ways to protect your cryptos. But concerning bitcoin is think no need for to leave in exchange because we all have local wallets in which you can hold it for long term not unless if you want to buy altcoins with your bitcoin.

[Novatech8]

Trading on Exchanges and making profits is not that easy, to take advantage of every opportunities you will need to leave your coins on the exchange, it's better to use exchange like binance that can still reimburse if anything happens, it's more like gamble to me because hacks can happen at anytime

[LbtalkL]

Yes, no matter how reputable or trusted the exchange is, there is still a risk. That is why you need to manage your funds,  some go to the wallet for long term hodl, and some stay on the exchange for daily trading. Have you noticed the block explorer tracker cryptowhale? It tracks transactions going in and out of exchanges and wallets. Whales are playing the market for a short period of time and then they withdraw it in the safe place it's their wallets.

[Marckolind]

Easy answer:

Make use of a DEX such as the Blocknet DX platform, which makes you trade on a peer 2 peer network with any person in the world.

You can read more about it here: https://blockdx.com/

[Mianae]

Easy answer:

Make use of a DEX such as the Blocknet DX platform, which makes you trade on a peer 2 peer network with any person in the world.

You can read more about it here: https://blockdx.com/

Well using Dex is not the solution except you're market trading. If you're not market trading and puts an order waiting to be matched, your tokens are yet on the Dex. Now even when you sell tokens, they're on the Dex until you withdraw it. Truth be told there's no way a traders tokens cannot be on exchange except such trader closes their trades daily and withdraws funds to personal wallet.

[South Park]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

I think the meaning of don't leave your coin on exchanges is when you have a position and no stop loss specially if you are leverage trader because when you leave it there with position you may end up losing your funds specially if your position is long then the coins when down then your funds would be nothing or lose it all.

No, when people say that you should not leave your coins in an exchange they mean exactly what they say, you can use an exchange to trade if that is what you want however you should not leave your coins there and you should get them out of the exchange as soon as possible, in theory your coins should only be in the exchange for a few minutes, you send your coins to the exchange, you make your trade and then you take your coins out of there, but many do not like to do this because it is quite impractical compared to leaving your coins in the exchange.

[mycryptocoin]

You can leave your assets in cold wallets and sell them at your desired price, but that's just theory. Because when you do it that way, you'll face a lot of disadvantages.

First of all, you may not be able to sell the price you want (the price you want to sell and the price when you complete the transfer of your assets to the floor may be different). More precisely, you will not be able to place a sell order at the desired price (limit price).

Second, hardware wallets only support certain types of assets but not all cryptocurrencies. Therefore, you must transfer them to the floor if you want to sell.

In short, it is perfectly reasonable to leave the property on the floor for trading. The important thing is that you choose a good broker to trade. It is a prerequisite to protect your property.

[fortunecrypto]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

This is one of the risk that you have to put on, but if you are trading Bitcoin, then go for the the most reputable exchange in the industry, it's more safer than trading it on tier 2 exchange, but you don't want to put a sell order on only one exchange, better pick at least two good exchange to trade your Bitcoin.

[vlast01]

It all depends on how you trade, if you are a long-term trader then you do not need to leave the currency you own on the exchange, if you are a short-term trader, trade with great frequency, leaving your assets On exchange is required.

Your right, If your a long term trader leaving your coins in exchange is very risky, some trader experience losing their coins even on some popular exchange. Putting your coins in your wallet is more wisely to do,if your done on trading.

[ZincUnrated]

Obviously, this can only be achieved if a certain portion of your portfolio is left on the exchanges. The ideal thing is to only trade 10% of your holdings at a time and that is the only portion that should be left on the trading exchange of choice. For security purposes, the balance of 90% should be transferred to your private wallets. Never for whatsoever reason trade your entire portfolio at any given time.

[sky_Gritzz]

man that mean never leave coin on exchange is just deposit the your own coin on exchange if you want to trade them, of course when we place our coin in your own wallet is more safe than placed on exchange

[jajorforce]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

Now we can't ignore top centralize exchange even though we know that we haven't all control on our funds after sending them to the exchange. After earning enough money from trade, you should withdraw your profits and always use multiple exchanges. For trading advice, we have another section.

[TheClownSong]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

In my opinion, there are several types of investors. There are those who really intend to invest in the long term and there are those who try to speculate by trading. There are also several types of traders because there are traders who trade daily and there are active trading in a matter of hours. I think if we want to sell our coins at the highest price, it's very easy to transfer them to the exchanger wallet

[dongosquad]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

The warning not to store assets in a wallet exchange is not absolute. This applies to holders who store a lot of assets for the long term, very risky because the exchange is the target of hackers.
For day traders, it is quite difficult if you do not save on the wallet exchange. Each trader also has own strategies. If there are many benefits, it should indeed be stored in a safer wallet. If the market is good and there are many opportunities then use wallet exchange, if not, move it to a safer wallet immediately.

[lobo13hf]

It all depends on how you trade, if you are a long-term trader then you do not need to leave the currency you own on the exchange, if you are a short-term trader, trade with great frequency, leaving your assets On exchange is required.

Your right, If your a long term trader leaving your coins in exchange is very risky, some trader experience losing their coins even on some popular exchange. Putting your coins in your wallet is more wisely to do,if your done on trading.

There was no suggestion to leave our coin on exchange sites for long term investment. i think the only thing that we can do to leave our coins in exchange sites for daily trading.
That works the traders must send back their money to the wallet after the trade. Some may lose their coins but exchange sites were giving insurance for them all.

[Republikcoin.com]

man that mean never leave coin on exchange is just deposit the your own coin on exchange if you want to trade them, of course when we place our coin in your own wallet is more safe than placed on exchange

very funny when trading without a deposit. maybe he thinks that his assets can't be withdrawn or something. however, what they recommend is, don't store your assets in an exchange, but you still need to make a deposit to trade anywhere.

[Convery]

If you are not a daytrader then do not hold your funds on the exchange because it was proven many times that it is not safe. When you are a trader, why not trade on eToro where you trade with your money and not with your cryptocurrencies .

[michellee]

man that mean never leave coin on exchange is just deposit the your own coin on exchange if you want to trade them, of course when we place our coin in your own wallet is more safe than placed on exchange

very funny when trading without a deposit. maybe he thinks that his assets can't be withdrawn or something. however, what they recommend is, don't store your assets in an exchange, but you still need to make a deposit to trade anywhere.

Maybe he thinks that he can get free coins from the exchange so he can trade with that free coins

We need to deposit some amount to the exchange so we can start trading, but we don't need to deposit all of the amounts that we have to the exchange because that will be too risky. We don't know what will happens with the exchange, so we need to store the other amount in another wallet. We only trade with some amount, but if you have a plan to sell all of the amounts, then yes, you need to deposit all of the amounts to the exchange.

[helloinox]

There are many ways for traders to safeguard their fund by not leaving all of it on exchanges but still capable to trade to a certain point thanks to allowing just a few of it on. Most to catch sell order when they're asleep. I think if their fund large enough, they could move back and forth from personal wallets and exchanges with just a fraction of fee.

[r32godzilla]

Without having funds on the exchange you can´t trade, that makes sense, right? Even you trade on decentralized exchanges you have to send your coins from your wallet to a smart contract, from which you can make trades. So, if you do not want to hold your coins on the exchange, you need every time to do a transaction to the exchange to make a trade.

[bitcoin-shark]

to change altcoins in others you can use swapps which are actually dapps and the coins never leave our wallet uniswap advice and at atomic swap, if we want to trade we must necessarily transfer the altcoins to an exchange but once that we do the our transactions we must quickly transfer everything back to our wallet

[giammangiato]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

You can do it with your hardware wallet, with ledger and other hardwar wallets you can trade your crypto without put them on the exchange directly. This is a good way for trade but you can't put stop loss or a definite price for sell. Only instant sell at the market price.

[103deltafox]

Well, it's for one's safety that is why it is advices to keep your coins in your personal wallet, atleast there you control your private key unlike the exchange,but for traders it's really difficult for them to keep all coins in their wallet the best they can do is to safe guard their exchange accout with Google Authenticator ,also keep their password safe.

[XCANA]

From my perspective on this regard, issues of leaving coins in exchange for trade is safer than moving them out. Have been into trade for some years back and I always leave my coins for trade in exchange for easy access to them while I trade daily on the exchange. For the fees, most of my trade are done with Bitcoin and whenever I want to move my coins out, I do a conversion from bitcoin to altcoins for easy outgoing transaction with lower fees.

[ije07]

Often people lose the opportunity after making a sell order and leave their coins on the exchange but do not monitor the coins they trade, if you want to trade then you must also be asked to monitor the coins you trade so as not to lose the opportunity to sell. and trade also requires patience, no emotion and can control your mind.

[ololajulo]

I think the season of trading and holding on wallet are different. At the moment people are still buying and thats why we still see a lot of withdrawal to wallets and staking.We will still see more withdrawal of coin most especially the top coin until the bull market is getting full, when bitcoin has lost so much of its dominance and bitcoin grows on steady trend. Then the movement to exchange will increase, flippening and profit-taking,sale order at different prices irrespective of the risk

[Febo]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

Most people dont daytrade. I am sure most people tried, but then lost most and changed their mind. You cant trade something that is so easily to manipulate as is Bitcoin or other altcoins. You will get burned sooner or latter.  Most people buy use and sell.  Bitcoin was ment as cash, to buy stuff with it and not to trade altcoins. Or to get salary in it.

[Furryball]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

Most people dont daytrade. I am sure most people tried, but then lost most and changed their mind. You cant trade something that is so easily to manipulate as is Bitcoin or other altcoins. You will get burned sooner or latter.  Most people buy use and sell.  Bitcoin was ment as cash, to buy stuff with it and not to trade altcoins. Or to get salary in it.

Saying most people don't day trade is a big lie, if there is no day trading on Exchanges Bitcoin can't maintain huge 24hrs market cap it's used to, I don't belief your words, we have many traders on top exchanges and there is no way you can't leave your Bitcoin on exchanges even if it's just for 24 hrs

[ScamViruS]

If you are a day trader then you have to keep funds in the exchange. Those who trade short-term withdraw their funds after trading. This is the system to use the exchange safely. Those who have been victims of hacking will understand how risky it is to keep funds on the exchange. Not only hacking, the exchange creates different dramas at different times, so there is also a risk of losing funds. So you should never put your entire fund on the exchange. The wallet whose private key you have will hold your fund in that wallet. Never use the exchange as a wallet.

[robelneo]

So many traders in those hacked exchanges have that kind of thinking until they found out that it's not safe to keep your coins in exchange for a long period of time, do not sit your coins in exchange for a long period of time to the point that you entrusted your coins in that exchange hoping that you will make a profit when there is a sudden pump, it's not worth the risk.
If you want to do it, be sure you let your coins sitting in reputable exchanges, but always remember here in Cryptocurrency, not your key not your coins.  

[coinfinger]

The first time I started buying cryptocurrency I was making use of face to face exchange. I don’t know if this is how it works in other countries, but there are people who like to work as local exchangers, you meet them face to face and tell them how much Bitcoin you want to buy and they will send the amount you want to your Bitcoin address and then calculate the fees and everything and you pay them. I do make use of other methods for trading cryptocurrencies, like through exchanges such as Coinbase and Binance, but local exchanges has been the best thing for me. It’s very easy and I deal with them face to face. Though I am not trying to advise people to be involved in this type. Just do what works for you.

I decided to trade through face to face method after hearing about lots of crypto exchanges got hacked or gone bankrupted leaving many crypto people crying. If you are too concerned about not leaving your coins on exchanges then face to face type of trading will be a better option for you.

[takana212]

I myself prefer to trade using the long-term method of setting an appropriate price and waiting until the price reaches the target, even though it takes a long time, I am satisfied when the price is reached.

[totoy4741]

I don't really think that there a risk of storing your assets in a certain exchange especially high tier exchange such binance or okex that usually geared up with high security level of it is safe to say you can store it there for a period amount of time. There are a lots of ways, actually if you have some basic or above average knowledge about trading then just put your assets in trading exchanges when you think you are going to gain, and if you are not going tondo any trade, then you can always pull it out and keep it in your wallet.

[BitKongy]

You can't escape that, you need to deposit on a exchange before selling your coins and if the present price is not too good you will have to drop your own bidding right? This might take even days before a buyer took the bid, there is no way you won't leave coins and tokens on exchanges for different reasons

[omnik]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

Most people dont daytrade. I am sure most people tried, but then lost most and changed their mind. You cant trade something that is so easily to manipulate as is Bitcoin or other altcoins. You will get burned sooner or latter.  Most people buy use and sell.  Bitcoin was ment as cash, to buy stuff with it and not to trade altcoins. Or to get salary in it.

Saying most people don't day trade is a big lie, if there is no day trading on Exchanges Bitcoin can't maintain huge 24hrs market cap it's used to, I don't belief your words, we have many traders on top exchanges and there is no way you can't leave your Bitcoin on exchanges even if it's just for 24 hrs

Well no one knows to be exact how much people are day trading out there but the advices from the topic for not putting any money in the exchange for too long is usually for those people who uses exchange for the purpose of exchanging money and trying to gain profit out of it, day traders usually find their own way to safely store their money anyway.

[aditasetia123]

You can do that with a dex. Most of the stable coins are tokens on Ethereum platform and they are listed on Decentralized exchanges where you can create a contract to sell the coins in your wallet when there's users that want to buy at the price you want. It's all same like a centralized exchange except you are the one that holds the coin until the exchange is made.

dex exchange could be solution for people won't leave their assets in centralized exchanges. many coin holders harmed when their exchanges ruined out , its have several example what already happen to centralized exchange. look at cryptopia, idax pro and many other. personally i am be victim too when leave my coin in exchanges.

[libert19]

You have to take risk then, those who actively trade keep some coins on exchange and rest in their cold wallet.

You are at risk of getting hit while cross the road, doesn't mean you should not go out. There you take precuations, same applies here.

[dragon695]

You have to take risk then, those who actively trade keep some coins on exchange and rest in their cold wallet.

You are at risk of getting hit while cross the road, doesn't mean you should not go out. There you take precuations, same applies here.

LOL, I like the way you give your example. It's funny and easy to understand. Yes, you're right. A trader neither trades all of their capital nor keeps a large portion of their capital out of the market. If we don't leave our coins on Exchanges because we are afraid of losing, we can't trade anyway. The important thing in this market is that you have to accept the risk and learn how to manage it!

[peter0425]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

actually the most target of hackers are the Big exchange and we have seen that for many times that almost all great exchange here experienced this already.
So i stick to not leaving my money inside exchange after trading.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

Lol this is depend on your strategy,don't be stupid asking this because what you are saying is not leaving your money inside exchange because you are under trading even when you sleep in that case so it is normal to let your money stays for a while until your order sets.

[FOPL]

We can classify traders into three categories based on the time frame. Some trade almost every day, others once in a while and there are the people who just buy a coin/token and hold for years. if you find yourself in the last category then the best way to go is to find a wallet that you have private keys to. Most of these wallets give you full control of your fund. For midterm traders, they could also do same. Day traders can keep their funds on the exchange so long as they are trusted. You can also use platforms like https://changenow.io/ to exchange your tokens where you don't need to create an account, so don't keep your funds on the exchange.

On the other hand, Atomic Wallet, for example, is a non-custodial wallet and comes with an in-built exchange. It's highly recommended for all kinds of traders, even with newbies. You can easily swap your cryptos without leaving the wallet. The interesting part is that you get rewarded each time you make an exchange and hold a minimum of 300 AWC. The reward is set each month in AWC token.

[bitcoinisbest]

You have to take risk then, those who actively trade keep some coins on exchange and rest in their cold wallet.

You are at risk of getting hit while cross the road, doesn't mean you should not go out. There you take precuations, same applies here.

LOL, I like the way you give your example. It's funny and easy to understand. Yes, you're right. A trader neither trades all of their capital nor keeps a large portion of their capital out of the market. If we don't leave our coins on Exchanges because we are afraid of losing, we can't trade anyway. The important thing in this market is that you have to accept the risk and learn how to manage it!

Certainly, coins which is bought for long term horizon should not be stored in web wallets or any exchanges. It is recommended to store it offline and not online. For traders they do trade with some capital and those are not kept under one exchange and as rightly pointed out that we should always be using the reputed exchanges and wallets for security reasons.

[cryptoknightt]

You consider this issue every time BTC goes up. You would have to get out of the exchange in order to do safeguard your coins. Its risky to leave the coins but withdrawal fees are getting higher.  What you can do is move your coins to XRP when withdrawing or any altcoin with cheap fees such as TRX or USDT.  Or you can use dex with the noncustodial wallets, your coins don't go anywhere.  

but withdrawing using xrp is also risky because xrp is not a stable coin, the problem is when we wait for the right moment to enter or exit, so if the xrp or other altcoin that we buy has decreased then it will have bad consequences.
I think it's better to keep it on an exchange, like binance, huobi, okex, or other exchanges that have a pretty good reputation.

[filterMX]

I personally like to trade depending on the conditions of the crypto market, if the crypto market seems to be stable, I prefer to place prices accordingly, but if the crypto market goes up and down quickly, I am more interested in trading every day.

[Nazmul012]

Trading Patterns are different  for one trader to another. If anyone wish for long trading then they have to put their fund in exchanges (Trusted exchange recommended). If anyone wish for short trading or follows trading signals, then they don't need to put their fund in exchanges all the time. They can withdraw after fulfill their target. So it's depends on trader how would they like to trade. basically i follow price of currencies and prefer short trade as i don't feel safe, putting my fund in exchanges in all the time long

[TimeTeller]

Trading Patterns are different  for one trader to another. If anyone wish for long trading then they have to put their fund in exchanges (Trusted exchange recommended). If anyone wish for short trading or follows trading signals, then they don't need to put their fund in exchanges all the time. They can withdraw after fulfill their target. So it's depends on trader how would they like to trade. basically i follow price of currencies and prefer short trade as i don't feel safe, putting my fund in exchanges in all the time long

Yes, if you decide to leave your coins better leave it on top exchanges like Binance.
For me, I feel secure if it is Binance as they have SAFU in place.
But for other exchanges without insurance, it is always better to transfer your funds in a secure place.
Better be safe than sorry when something goes awry. You'll never know when these hackers will attack, they won't give prior notice.

[BigBos]

You have to take risk then, those who actively trade keep some coins on exchange and rest in their cold wallet.

You are at risk of getting hit while cross the road, doesn't mean you should not go out. There you take precuations, same applies here.

Well, putting the funds we have into an exchange is something we need to do before trading. Well, that is a sure thing. so, if in doubt, try choosing a popular exchange. Well, some people seem to want to make a big profit, but don't want to face the risks.

[Refrumatrix]

No one can escape depositing their coins on exchange for trading unless you aren't going to trade or exchange token at all, it's impossible, at one point you will deposit your tokens and coins, make sure you use top exchanges they are more reliable than the rest

[OptimusPrime_3]

Personally, I dont leave my coins on exchanges anymore especially low-rated ones.
Currently, I have some coins stuck in some exchanges and I cant withdraw anymore.
But I feel the exchange is what matters, just dont keep your coins on any exchange, be sure its trusted one.

[Ken_terrance]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

There is no way you won't deposit coins on exchange but it all depends on timing, the advice was never to leave your coins on exchanges like making use of the exchange wallet as your real wallet to store coins when you have no private backup of the wallet, you can trade in minutes or hours or days but do not leave your coins on exchanges means don't treat exchange wallets as yours

[lienfaye]

But I feel the exchange is what matters, just dont keep your coins on any exchange, be sure its trusted one.

Even the exchange is trusted and reputable still there's a risk, thats why its not advisable to hold your coins on exchange. But it depends on the trader itself, because its convenient for the trader's part to let their coins sleep on exchange so if the price is moving upward selling is like a snap.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

If the price is increasing and im ready to sell my coins then I will deposit it to exchange. Its not hard as long as the price is moving upward taking profit wont be a problem.

[DDante]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

Yes you are right but still it's better to start moving your funds out of exchanges to your private wallets when you make profits, leave only the exact amount you need for trading on the exchange, anything can go wrong at any time

[Helpme_please]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

Yes you are right but still it's better to start moving your funds out of exchanges to your private wallets when you make profits, leave only the exact amount you need for trading on the exchange, anything can go wrong at any time

that good preventing action, we dont know what will happen to exchanges in future. leaving coin in exchanges could be risky decision , we've se many example exchanges hacked and much investors loss their fund in exchanges wallet. better to move it to private wallet so its security depend on our own how to keep it.

[@baoli]

Trading from your own wallet is becoming easier this days. Decentralised and swap exchanges are coming up to make easy for traders to trade from their wallet direct. Binance has DeX. Another good one is from INJECTIVE PROTOCOL, a Second layer DEX that can layer on other DEXs and aggregate liquidity.

[fuer44]

usually they trade daily, when they are in front of a computer and they do a certain analysis and make a purchase or sale. if by chance they don't reach the desired target, if they are afraid to keep coins in the market exchange, they will usually withdraw coins to their own wallet. they will come back the next day and check, if the price rises is good, they will transfer again. that's what I know so far.

[Savemore]

I think you are really confused, I will clarify the details for you. The reason why some of the people saying that don't leave your coins in an exchange for too long is because there are risks which is it can be hacked. I think you also aware that a lot of exchanges are been brought down by the hackers because of its low security. If you are a short term trader then exchange is what you need but if you are a passive investor then it is better if you will just save it in a safe bitcoin wallet.

[Vishnu.Reang]

No one would tell you to never deposit any of your coins in the exchanges. If you want to exchange them, then you need to move them to the exchange wallets. But what you should not do is to use the exchange wallet to store your coins or tokens. I am telling this because I used to do it, and as a result I lost many of my valuable altcoins. And it happened more than once. Don't make the same mistake that I did.

[Nellayar]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

We cannot make it actually if we are a day trader. Withdrawal fees will kill our capital. We need to be a long term trader if we want to out it on our wallet and hodl it for a long time. Losing funds in exchange is the worst thing a trader encounters. Yes, trading is profitable yet it is really risky because we do not know if tomorrows, it will be lost.

So, I think that having a long term and short term coins are good enough to fight losing of funds.

Only, short term coins are  those on exchange and most of your portfolio must be in a wallet.

[Ramaraj]

We can buy the tokens from the exchanges, at the time of trading, if we use it long term investment we can transfer those tokens in to the Secure cryptowallet like the Aladdin wallet, trust wallet, Blockchain wallet or hardware wallets. if we use it for short investments we can trading through like etora platforms. we can select the platforms as we want based on trading,
Fiat to Crypto Trading.
Storing Cryptocurrencies.
Crypto to Crypto Trading.

[arufox]

For me is simple, im not a trader, im a holder. So how to trade? I send my coin to exchanges when i need money. This is safer than keep it on exchange, because we don't know about the future. Maybe you just misunderstood. People say "don't leave your coins on exchanges" not "don't deposit to exchanges"

[tbterryboy]

There are very less options alone left for me when I tried not to leave my capital within exchange. So,to easy solve this hassle, I decided to stick with only long running exchanges like bittrex which somehow helps me to eliminate all the fear about keeping funds within exchange. I also do trade in few other exchanges but I never keep funds for days across. I will immediately withdraw to my local wallet. In initial days I had lots of hesitation on paying fees and waiting for network confirmation but when I gather experiences, it became simply as my routine work.

For ethereum I still make use of myetherwallet which is just an online wallet hence I do not prefer moving ethereum hence and forth. But, basically if my cryptocurrencies are within binance or bittrex then I feel less anxiety whereas new exchanges and exchanges which are not providing support on this forum then I will immediate go for withdrawing once my trades completed.

[ene1980]

Some people store their big amount of cryptos in exchange as a wallet, it's not recommendable unless if he stored in the trusted exchange like binance then  it's ok. Trading new exchanges is risky you better find an exchange that has already gained popularity.

No one with huge amount of coins will be using exchanges as their wallets even if it is perceived as trusted exchanges as anything can happen in the market as we have seen for years that the security of an exchange is good as long as the exchange is not hacked and majority of the exchanges had their time loosing huge amounts including binance.

@OP just be logical and you will understand the concept, leaving your coins in exchanges and storing are entirely different.

[flagpara]

For me is simple, im not a trader, im a holder. So how to trade? I send my coin to exchanges when i need money. This is safer than keep it on exchange, because we don't know about the future. Maybe you just misunderstood. People say "don't leave your coins on exchanges" not "don't deposit to exchanges"

This topic is talking about trade, hold is different things. Traders always trust some top exchanges which have a really huge volume. Without an idex exchange, I can't see any decentralized exchange to use. To use or trade we have to send money in centralized exchange, then we have to leave money there.

[Surrapatt]

Trading from your own wallet is becoming easier this days. Decentralised and swap exchanges are coming up to make easy for traders to trade from their wallet direct. Binance has DeX. Another good one is from INJECTIVE PROTOCOL, a Second layer DEX that can layer on other DEXs and aggregate liquidity.

Yes, in terms of additional features on popular exchanges it is good, but the effect of ease is only a little if we compare it with the old way of trading, because trading in a popular exchange is also very safe for every trader, not only through DEX.

[Claudio99]

Even if you are cautious about exchanges been hacked it won't still safe you from getting caught in the trap, what if the moment you decide to exchange tokens in minutes and withdraw is the exact time hack takes place on the exchange? It's all risks surrounding crypto users honestly, use top exchanges they have better security protocols

[Claudio99]

Trading from your own wallet is becoming easier this days. Decentralised and swap exchanges are coming up to make easy for traders to trade from their wallet direct. Binance has DeX. Another good one is from INJECTIVE PROTOCOL, a Second layer DEX that can layer on other DEXs and aggregate liquidity.

Yes, in terms of additional features on popular exchanges it is good, but the effect of ease is only a little if we compare it with the old way of trading, because trading in a popular exchange is also very safe for every trader, not only through DEX.

DEX are a bit better than centralized exchanges but DEX are still hackable too, I just prefer a capable top exchange that will withstand hacks or reimburse users just like binance because they are just capable and we'll financed

[Leah38]

Its always safe to trade on legit exchange like Binance. Well there are always cases of hacks so better withdraw capital once reached just to be safe.

[Vectra]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

The answer is VERY simple. Make use of a DEX like the Blocknet DX platform.

You don't need to transfer your coins anywhere, you're in complete control of your own private keys at all times. You can make both buy orders and sell orders without risking your security.

It's THIS easy, yet the vast majority of people refuse to even try it. 

What DEX has lot of alts to trade? It's mainly btc, eth, DAi

[Lagduf]

Some people store their big amount of cryptos in exchange as a wallet, it's not recommendable unless if he stored in the trusted exchange like binance then  it's ok. Trading new exchanges is risky you better find an exchange that has already gained popularity.

Did you remember when binance got hacked a year ago? In my opinion that will always become the worst thing to keep our money on the exchange site. That's the worst thing when the exchange site get a major problem. I can't even imagine when binance in the worst position at that time.

[ttcsalam]

You are right, your point of view is right.You have to keep an eye on the exchange all the time.Because the price of Bitcoin goes up and down and the price of many coins goes up and down.If there is no attendant in the market or there is no updated information, it becomes very difficult to understand the market.

[aditasetia123]

if we leave our coins in private wallet we could not sell our coin , to convert in bitcoin we must moved it to exchange wallet except in dex exchange we could trading without registering in site. private key will be the only access to this dex exchanges, but we must becarefull trading in dex exchanges, cause many time we heard account stolen there.

[Google+]

if we leave our coins in private wallet we could not sell our coin , to convert in bitcoin we must moved it to exchange wallet except in dex exchange we could trading without registering in site. private key will be the only access to this dex exchanges, but we must becarefull trading in dex exchanges, cause many time we heard account stolen there.

I think if you use a wallet like DEX, you will have a very high risk because you trade using your wallet directly and hand over the private key to the DEX website, which in my opinion will provide access to the website owner to find out the assets in your wallet, which means that the owner immediately the website can hack and take all the contents of your wallet.

[pawanjain]

Yes they say that we should not leave our coins on exchanges but that doesn't mean you can't leave your coins on the exchange overnight.
It generally means that you should not use the exchange as your wallet and keep your coins idle on the exchange.
Besides that, you should also not keep a large amount on any exchange since that is kind of risky too.

[the_thing]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

If you are a trader then you would have to keep coins on exchange there's no workaround that IMO only thing you can do is use a decentralized exchange but in DEX liquidity is very bad.

[semobo]

Keep your coins on the exchange itself if you keep trading more often but people say move your funds to wallet when you have no intention of trading coins in the mear future.Anyway you can keep funds in exchange itself but you holds the risk of losing funds there.

[Dondeon]

Traders has no choice than to leave their assets on exchanges in order to executes a trade. There is no other way than that but my advice is that you should not leave your assets on exchanges if you are not trading it. For those that want to hold for a long time, you do not need to leave your assets on exchanges, keep them in your wallet for safety.

[b1k4ng]

those who say like that are for long-term investments, for day traders will still put their coins in the exchange, so you have to better understand what is said by everyone who says "don't leave your coins on exchanges"

[Lordhermes]

There are two kinds of wallets, wallet with keys and without keys, exchange wallets are without keys, trading on exchange requires quick sellout but not a place to store your coin forever, it's risky storing coin on exchange because most exchange are eventually hacked at any point in time. There are many exchange that deals with trading from smart contract like folkdelta.

[rahmatullah9305]

Traders has no choice than to leave their assets on exchanges in order to executes a trade. There is no other way than that but my advice is that you should not leave your assets on exchanges if you are not trading it. For those that want to hold for a long time, you do not need to leave your assets on exchanges, keep them in your wallet for safety.

Are you a professional trader? because I see you giving very unique suggestions even though what you have said has been said by many others before, you need to know that traders will only trade on the top exchange so that there is little security guarantee for their assets there, and it's easy to complain when there is a sudden problem in their assets.

[husencoe]

I also do the same thing in trading, where I set a price above the purchase price and then wait until the transaction is successful, and this actually requires considerable patience.

[nancy]

Only DEX could be adequate soltion for this

[Thomas-s]

I also do the same thing in trading, where I set a price above the purchase price and then wait until the transaction is successful, and this actually requires considerable patience.

Patience is the most important function of any investor and any trader. it does not matter it is a cryptocurrency market or a classic market. if you have chosen the right investment tool, you will make good money

[Miaallen]

The advice of don't leave your coin on exchange depends on the concerned exchange. It's not advisable to leave your coins on an exchange not well trusted or very popular. You will just wake up one day and see them gone. When you're to bid a high sell order which will take months or year to redeem,it is advised to use a well trusted exchange such as the top 20.

[New_order]

Doesn't make any sense, to trade your tokens you will need an exchange, either dex or centralized exchanges you will need to make deposits, meaning your tokens will leave your wallet and sent out to another and hacks won't warn you when it's about to happen, it's only a bit better if you don't let your tokens sleep in exchanges address

[conkeconke]

To effectively have a good trade you still need a lot of funds and if you keep half or whatever ratio, you still don't max of your full potential. In the end, I think trying to find a good and trusted reputation is the only way.

[pixie85]

Only DEX could be adequate soltion for this

With the volume DEX exchanges are showing it's safe to say no professional traders use them.

DEX is great if you want to do a safe trade and hide your activity as much as possible. They are not made for day traders.

[the_thing]

Only DEX could be adequate soltion for this

With the volume DEX exchanges are showing it's safe to say no professional traders use them.

DEX is great if you want to do a safe trade and hide your activity as much as possible. They are not made for day traders.

Yep! Liquidity is the major issue whenever using DEX that's why for traders using a centralized exchange is the best option but we should not trust all CEX only trust reputed exchanges like Binance, Huobi, Okex, Bittrex.

[levyashin]

I am using exchanges for hit&run. Deposit my money, buy what i would like to buy and just withdraw to my wallet.

Also there are some defi solutions right now right uniswap that you don't even deposit anything. So love using them.

[AjithBtc]

Without the coins on exchange it is impossible to execute trades. Leaving the coins on exchange isn't a problem, leaving it on low rated exchanges is the problem. Exchanges like Binance and few other top listed exchanges give assurance on our funds. Even during the recent hack that happened with Binance, it settled all the users who lost from its reserve. This way letting the funds sleep on trusted exchanges is not risky.

[FIFA worldcup]

I am using exchanges for hit&run. Deposit my money, buy what i would like to buy and just withdraw to my wallet.

Also there are some defi solutions right now right uniswap that you don't even deposit anything. So love using them.

Sending coins back and to the exchanges is also costly and you have to pay the high transactions fee. Decentralized exchange is also one solution but i prefer to keep my coins on the exchanges if i need to trade them often.
I only move my coins to wallet which i have bought for a long term and another important thing is that i trade on reputed exchanges only.

[rajakulam]

I always monitor my coin trading all the time and sell it when the price exceeds the purchase price, because right now I think it is more profitable for short-term trading than long-term trading.

[popeye95]

I think traders should be against holding all your coins in only one exchange. They can try to spread all of their coins in a few high rated exchanges to quickly join the market to catch the new target price instead put all of it in just one exchange and worry about it. This is the best course of action. If they don't do this and let their coins at the wallet, they are 1 step behind with the transaction's speed is slower than normal days.

[Desscount]

I always monitor my coin trading all the time and sell it when the price exceeds the purchase price, because right now I think it is more profitable for short-term trading than long-term trading.

seeing trends is very important, if you trade now the uptrend is good for the short term, because it is easy to get profits, but if the trend is bearish, then the long term is much better

[BeginToMine]

Day traders hardly leave coins on exchange and also understand some coins can be saved in private wallets especially erc20 projects but not leaving coins doesn't really mean no single coin will be there but few as some traders leaves all their life savings in an exchange. Day traders doesn't.

[abayan]

I leave my coin on the exchange so I can continue to trade that was I'm doing the gas is too expensive for now if you are going to transfer into wallet then you are going to transfer again into trading wallet it was very hassle and at the same time too much cost of gas if does happen and besides they can leave their coin on trusted exchange that they know that would not run.

[qomariah95]

I leave my coin on the exchange so I can continue to trade that was I'm doing the gas is too expensive for now if you are going to transfer into wallet then you are going to transfer again into trading wallet it was very hassle and at the same time too much cost of gas if does happen and besides they can leave their coin on trusted exchange that they know that would not run.

One of the reasons why I also don't keep assets in my wallet. Because the cost of gas is very high. I even made transactions or made withdrawals from exchange to exchange. Because it's the safest thing to do. And I still trust the exchange that I use, so I still keep my assets on the exchange.

[kensaii]

Well yeah, there isn't a single trader that didn't have SOME part of the bag at their favorite exchange. Why it was 'some part of the bag' you ask? Because just like when you making a trade, you don't give it 100% order, only a proportion of it. Same with holding your bag at exchanges just to quickly react in case there is a movement in the market. I usually hold 30-40% of my bag in exchanges and rest at my wallet. If I need more to sell because there was a good price at the market, I will send more. While waiting it goes to exchange, you have time to rethink and planing out too so not making common mistakes like quickly sell all of your bags and then the price goes even higher, cursing at yourself.

[arufox]

I leave my coin on the exchange so I can continue to trade that was I'm doing the gas is too expensive for now if you are going to transfer into wallet then you are going to transfer again into trading wallet it was very hassle and at the same time too much cost of gas if does happen and besides they can leave their coin on trusted exchange that they know that would not run.

All traders do like this, of course he will leave the coin on the exchanges rather than leave it on the wallet. But for holders, leaving it on exchanges is a bad idea.

And About OP question: As I know, Stellar wallet can possible to trade coin without leaving coins on exchanges because wallet and exchanges are integrated

[electronicash]

withdrawal fees and gas are the usual complains when the prices of tokens rise. just like sending BTC, the fees is just unbearable when sometimes it peaks more than $10.
you may just wanna use some hybrid exchanges like they have the wallet app that you can connect to their exchange and so you can trade while your BTC still is in your wallet. there are several projects like this such as EIDOO.

EOS and TRON wallets works the same way that you can connect to the DEX they have. there is the tokenpocket to connect newdex but my fav is the tronlink. its just the easiest by far and you can then connect to poloniex or trontrade.

[reliable]

You simply can't because to trade with your coin you must use an exchange even its CEX or a DEX. What forum members say is true but not for every exchange. An exchange like Binance is reliable. Unwanted activity can happen everywhere. You can lose the privet key of your wallet. So I think it will not be a smart idea not to use exchange by thinking that exchange will be hacked.

If you are using a reputed and trustworthy exchange for storing some of the coins required for the trading purpose that is fine. But if you are a long-term holder than online would not be a safekeeping. Better to store it in nano ledger in offline wallet.

[affandi]

These words are just to warn us not to keep assets in the exchange wallet for too long without trading, because of the risk of hacking or other things, especially large amounts. better keep it in your personal wallet. there is no trading without making a deposit (it sounds ridiculous), and the most important thing is to choose an exchange that has clear credibility and strong security.

[MUG1WARA]

Not many traders hold their coins at wallets. Maybe for the old day where there is no good exchange but today, plenty of trusted exchange. If you're a short term trader, your coins must be on the exchange nearly all the time. If you're a long term trader with a high target price then most of the time, coins at wallet.

yes, you are right because in the past security was very vulnerable to being hacked, I now dare to save assets because they replace our money if the hacker manages to bring our money, like some time ago when Binance was hacked, all the lost money was replaced by Binance

[Restmand]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

For me I will not leave my coins in an exchange when leaving a coins there I will regularly checked wether I won the trade or not. Trading is really good that is if we are wisely trader and also if we trade on a trusted exchange because nowadays there are many untrusted exchange, the money you stocked there can be easily hacked by someone due to less security measures of the sites.

[suryana]

yes, you are right because in the past security was very vulnerable to being hacked, I now dare to save assets because they replace our money if the hacker manages to bring our money, like some time ago when Binance was hacked, all the lost money was replaced by Binance

Indeed, Storing coins on a large Exchange will provide high security for us, Binance is one of the most trusted exchanges and I dare to put all my coins there too. Because I am a day trader so I always keep my coins on Exchange so I can always monitor the charts and price.

[DevilSlayer]

When it comes to trading where you are engage in buying and selling then it is okay to leave it in exchanges. The reason why there are people who suggest to not store your coins in exchange is because for you to not lose it because there is a possibility that the exchange may run away or it may hacked. In terms of choosing exchange, it is better to use exchanges that is highly trusted where it is proven for years that they have the best securities. There are also a lot of factor like having good volume and also liquidity in order to know if there are really traders who are interested to use that exchanges.

[lienfaye]

yes, you are right because in the past security was very vulnerable to being hacked, I now dare to save assets because they replace our money if the hacker manages to bring our money, like some time ago when Binance was hacked, all the lost money was replaced by Binance

Indeed, Storing coins on a large Exchange will provide high security for us, Binance is one of the most trusted exchanges and I dare to put all my coins there too. Because I am a day trader so I always keep my coins on Exchange so I can always monitor the charts and price.

If you're a day trader then its fine to leave your coins on exchange because you wont stay these coins for long period.

However if you're a long term holder its not wise to use an exchange as your wallet no matter how reputable the exchange is because it is too risky.

Better to use a hardware wallet instead or any wallet wherein you hold your private keys.

[Genemind]

It depends on how big the fund are we talking to. Are you comfortable leaving $10k in an exchange? If no, don't leave it there.  Just how many cases had there been of trading accounts being hacked without the knowledge of the user, or platforms being hacked and losing all the stored crypto. If you can risk your fund just to avoid the inconvenience of transferring and securing it at your own wallet after trading, feel free to do so.

[Scotslass]

These words are just to warn us not to keep assets in the exchange wallet for too long without trading, because of the risk of hacking or other things, especially large amounts. better keep it in your personal wallet. there is no trading without making a deposit (it sounds ridiculous), and the most important thing is to choose an exchange that has clear credibility and strong security.

Its one of the most important crypto trading rules - do not hold funds on exchange account, no matter how secured the service is.
I'd say its mostly not worth it to hold there for more than hours, you definitely can find multi currency wallet to trade with it safely

[amrulshare]

It depends on how big the fund are we talking to. Are you comfortable leaving $10k in an exchange? If no, don't leave it there.  Just how many cases had there been of trading accounts being hacked without the knowledge of the user, or platforms being hacked and losing all the stored crypto. If you can risk your fund just to avoid the inconvenience of transferring and securing it at your own wallet after trading, feel free to do so.

Maybe for some reason it is true, but nowadays some large exchange markets for example Binance add features such as staking that allow one person to earn certain income and other exchangers follow this trend. I personally only move my assets if only to exchange them to Fiat for life necessities.

[Phoenix_PROG]

I was trying to sell my ESH tokens on bilaxy exchange and my order isn't filled yet and it's been over 22 hours already, trading some times is a waiting game, you can't predict when your order will be met or fulfilled

[WannaCry]

mostly of the traders leave their coin in an exchange where they trust.. it may save the transaction fee and time also.. as you mention that bitcoin price may hit a new price target while you're away..

[gwapoinside2]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

Somewhat we have similar strategy in trading. Putting sell and buy orders wat above and below the peaks. I gain a lot of XRP butting way way below its buying price and twice I have bought with it. That was a very big discount and my holding has tremendously increased.

I also have some of my crypto in exchanges. This saves me some transaction fees than transferring cryptos to wallet to exchanges.

[ilovealtcoins]

I feel confused about your inquiry. How to trade without money on the exchange? I don't think it is possible to do so in a centralized trading platform. If you want to trade with money still in your wallet, consider decentralized exchanges. There will be smart contracts so you can efficiently arrange your buy and sell orders but I'm afraid the liquidity won't be good.

[bbcolex]

you can try decentralized exchange or Uniswap/Bancor these are the example of instant swap it's like other known exchange but you dont need to put your funds or coins into the exchange itself.

[S4VV4S]

mostly of the traders leave their coin in an exchange where they trust.. it may save the transaction fee and time also.. as you mention that bitcoin price may hit a new price target while you're away..

My advice, never put eggs in one basket, Don't put all your assets in just one Exchange, Spread your assets into other big markets, Because if hack occurs in one market, then you don't lose all your assets, because there are still your assets in another market.

[xOdiumNostrumx]

Leaving your funds on an exchange for prolonged periods of time is my last resort solely in situations when my hardware wallet does not support a specific coin that I am holding. And I have in mind only tier 1 exchanges not some shady ones, I would never trust my funds with the latter. The answer to the asked question is, dont day trade and stick to swing trading, that way it is less likely that you will get rekd in the short term and you will as well avoid the risk of keeping your funds on the exchange.

[blue_hurricanger]

Advice is usually like that, you have to twist some part of it to make it work for your case since everyone has their own circumstance. "Never to leave your coins on exchange" harming traders since they can't leave their fund on exchange for long no matter low rated or high rated as you has said. I come up with idea to twist and make it work for me by only hold a part of my fund on exchange while the rest on my wallet.

[nikki4]

I think you get it wrong, we said never left your coin in exchange if you ain't intend to trade it aka just use the exchange as a personal multi wallet and growing to comfort about it. If you're a trader, by all mean holding it on a trusted exchange to able to trade anytime you want.

Right, we make those posts only for holders. Some people don't withdraw BTC or altcoins from exchange, only one reason is transaction cost. Traders have to leave their coins in exchange, but one exchange is very risky. Although traders are using multiple exchanges for their funds. As I take experience from others, always withdraw your profits if you think profits are good.

[Docbee]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

Trading your coins and/or tokens on exchanges doesn't mean you should leave your asset on the exchanges.  You can have your coins in your app wallet address or hard wallet, then transfer it to exchange when you are ready for the trading.  If you are thinking of transfer gas fee, then that's far less comparable to what you stand to lose if such exchange e.g. Vindax is hacked.

[Kopetunto]

you can try decentralized exchange or Uniswap/Bancor these are the example of instant swap it's like other known exchange but you dont need to put your funds or coins into the exchange itself.

trading on decentralized exchange or Uniswap I think for beginners is not recommended, because we don't know about the order book,
and in contrast to other exchanges, trading on Binance alone I think is quite good and safe

[budi691]

trustworthy exchange to choose to leave coins, binance exchange is one of the exchanges that can be trusted, because I already did, leaving coins on the exchange was risky but I did it to reduce high fees,

[Shasha80]

You're misunderstood the advice of don't leave your coins on exchanges, what that means is don't keep all our capital on exchanges.
So the coins that are on exchanges are only the coins that we trade with, as you said how we trade, if there are no coins that we
store on exchanges.

[wxxyrqa]

No one uses the wallet address of their cryptocurrency exchange account to store all of their capital. In any case, the choice of an exchange for trading cryptocurrency should be carried out not only by the criteria of low commissions or a convenient interface, but also by the level of security. Binance suits me best, since I can access my account and confirm actions with SMS confirmation by phone number, email and 2-factor authentication. Thus, my funds in the binance account are safe, but nevertheless, I keep on the exchange exactly as much as I need for trading and nothing more.

[sempak]

If your target price is very far from reality then you should not let your coins sit on the exchange. What they mean don't leave your coins on exchange is that they ask you to be careful since before there were incidents that the exchange was hacked and it might be one of your bitcoins but I think it's more secure now and you need to provide KYC so if you lost your money then at least you have verification to provide when they will refund your money.

[Cryptoababe]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

The truth is not everyone trades and not everyone wants to trade. So those saying don't leave your coins on exchanges are either not traders or they are trying to tell you not to hold coins on exchanges.
Not all coins you have that you will be using to trade. So you can keep the ones you wanna hold in your private wallet..

[Pamadar]

You're misunderstood the advice of don't leave your coins on exchanges, what that means is don't keep all our capital on exchanges.
So the coins that are on exchanges are only the coins that we trade with, as you said how we trade, if there are no coins that we
store on exchanges.

Precisely. The coins that we intended to trade needs to be there, how you can execute anything if you don't have the assets.
Logically, there's nothing to argue as traders understand this but with newcomers advise are need to be balanced and if you
are really serious with your goals you should picked the right thing and logically applicable.

[Tahid12]

Its not possible to trade without putting your coins on exchange. You have to do it before start treading, No matter long trade or short trade. And don't get afraid to do so, rather set strong security 2FA, Google authentication to protect your fund. You should trade on some popular & secure exchanges like okex, binance to stay safe from being hacked

[Saisher]

You're misunderstood the advice of don't leave your coins on exchanges, what that means is don't keep all our capital on exchanges.
So the coins that are on exchanges are only the coins that we trade with, as you said how we trade, if there are no coins that we
store on exchanges.

That's also what I'm doing I only leave coins that I want to trade for the whole week, I will never leave a coin for a whole month there just sitting there everyday there is a risk that the exchange could be hacked and even if the exchange is trustworthy, it will take you months or even years to get your funds, so it's better to only leave a coin that you will exchange right away.

[MCobian]

That's why you should not withdraw all the coins we have on exchanges, I always store coins on exchanges which are used for trading only.
So every profit I make from trading, then I moved it to my hardware wallet. Moreover, people who usually do day trading, should be obliged
to leave some coins on the exchange, which will indeed be used as trading capital.

[Fivestar4everMVP]

For me, I don't day trade, I invest by buying, withdrawing to my personal wallet and hodling, though buying and hodling does not nessarilly mean I don't leave some coin in exchanges, I do leave some at times but I make sure whats left there isnt significant.
But it's best to use dex, but then when we talk of dex, we start talking about liquidity which is a huge problem dex have.

[sangjoewara]

Its not possible to trade without putting your coins on exchange. You have to do it before start treading, No matter long trade or short trade. And don't get afraid to do so, rather set strong security 2FA, Google authentication to protect your fund. You should trade on some popular & secure exchanges like okex, binance to stay safe from being hacked

Yes, that's right, in terms of trading and looking for profit, strong security is really needed so that the funds or assets that we have been able to be safe on the exchange, especially if the exchanges we are using are top exchanges like Binance and okex, it is clear in general that security already existed before we improve further.

[distr@yopmail.com]

For me, I don't day trade, I invest by buying, withdrawing to my personal wallet and hodling, though buying and hodling does not nessarilly mean I don't leave some coin in exchanges, I do leave some at times but I make sure whats left there isnt significant.
But it's best to use dex, but then when we talk of dex, we start talking about liquidity which is a huge problem dex have.

of course, what is left will not be of good value. the amount is small and will not be able to be sold on the exchange. some can run out like you said using DEX. but in other cases exchanges limit the number of coins or tokens that can be traded.
I don't think we need to worry about that. because there is already a greater value than we can withdraw to our wallet.

[blckhawk]

I guess you think it literally. I mean though they say that you mustn't use the exchanges as your storage or don't leave your funds on exchanges it doesn't mean you were literally pulling out all of your funds because if you really going to do that then the withdrawal fee will most likely drain you. What they want to tell is that you might only pull out the profit while your invested fund will stay in there as an emergency fund in case you want to buy something.

[Cekerula]

yes, If you want to trade, then you need to leave money at the exchange. That is the only way I know it and I still use it at the present time. If you are afraid of being hacked, you should choose large exchanges in this market to be more secure, Binance, Kucoin, Huobi,Okex....Those are the good and safe exchanges you should use

[rahmatullah9305]

yes, If you want to trade, then you need to leave money at the exchange. That is the only way I know it and I still use it at the present time. If you are afraid of being hacked, you should choose large exchanges in this market to be more secure, Binance, Kucoin, Huobi,Okex....Those are the good and safe exchanges you should use

Yes, that's right and don't forget to also add extra security like google 2fa to each of our exchange accounts, this also helps us directly to safeguard our assets or money that are already in the exchange.

[Plinteng]

my advice,of Don't leave your assets in exchange means that don't store it there for a long time without doing anything or making any trades. If you want your assets to be in a safe place rather have them in your personal wallet than leaving it any exchange that are prone to any kind of attacks.

[Fredomago]

yes, If you want to trade, then you need to leave money at the exchange. That is the only way I know it and I still use it at the present time. If you are afraid of being hacked, you should choose large exchanges in this market to be more secure, Binance, Kucoin, Huobi,Okex....Those are the good and safe exchanges you should use

Yes, that's right and don't forget to also add extra security like google 2fa to each of our exchange accounts, this also helps us directly to safeguard our assets or money that are already in the exchange.

Just recently happened that KuCoin was hacked, adding more securities under your account is good but if the site/exchange itself encounter the hacked there's no way for you  to do anything.

Hackers are everywhere, even you do everything to protect your assets they are capable to breakout and sucked everything inside your wallet.

If it's still possible that each time you've finished dealing with the exchange,
sending out your coin inside your own wallet is far safer than anything else.

[oscarftw]

For me trade means so many things like day trading, short time trade or long term trade. If you want to invest in any coin, you have to trade on any exchange. To buy coins or long term trade, you should withdraw your altcoins. To others you have to leave your money in exchange. Nowadays trading isn't position in decentralize exchange, when 200 million was hacked from Kucoin exchange.

[old fart]

I think the idea is to not store coins on exchanges for a long period, exchanges should be for trading only. I usually store my funds in my wallet and make use of changenow.io each time i want to make exchange.

[acdc]

Of course, most people will put their coins on exchanges and make transactions. However for some people with large capital and they do trading in the medium term. They can keep their money in their wallet, by the time they evaluate the market will be volatile, then they will send money to the exchange, and as soon as the transaction is done they withdraw their money immediately.

[mezzaluna]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

Its true that its risky but at least its safer to have it in your own wallet when you are not trading it or just create a time frame in when you are gonna sell then just remove your coins afterwards. These transaction fees are normal to get high or low and that depends on the Cryptocurrency we are using as gas.

[24Kt]

Of course, most people will put their coins on exchanges and make transactions. However for some people with large capital and they do trading in the medium term. They can keep their money in their wallet, by the time they evaluate the market will be volatile, then they will send money to the exchange, and as soon as the transaction is done they withdraw their money immediately.

Or if they want to store their coins for a lil bit long just use top exchanges with insurance like BNB or coinbase. If anything happens to the exchange, hacking attack or internal error, they will compensate you because users are entitled to their insurance. But for other exchanges without insurance, be careful in using them. Secure your funds in your own wallet.

[Jackl87]

It's kind of a pity. If you want to be able to react as quickly as possible on a news a rumor to sell or buy your coins then you have to basically keep them on the exchange.
It just takes to long most of the time to send them from your wallet to the exchange because you need a certain amount of confirmations.
If you have them at the exchange though you have the risk of losing all your coins.. just look at the kucoin hack.

[Baimovic]

right. as traders we must know how to keep your money safe. I mean after trading on any exchange, not to leave your coins on the exchange. use it as a necessity, when it is finished then withdraw your assets to your personal wallet and not leave it in the exchange.

[ongkok87]

It depends on the user as for me I'm currently doing a long term trade so what I do instead of letting it sleep on my exchange wallet i let it sleep on my ledger to assure that my coins is safe. In regards with other user I think they trusted the site on where they are sitting their coins since there's no other choice but to let it stay on it.

[Bitcoinislife09]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

For me, its normal no put your funds in exchange for maybe a little bit of time because you could trade and invest in an exchanger. But your still gonna need to have a secure wallet to store your investment for the long term something like a hardware wallet. Or probably wallet just for popular cryptocurrencies like Bitcoin, Ethereum, and other popular altcoins. When you observe some of the exchanges are either getting hack and also closing because it just cannot handle the market when it drops so you don't want to put your funds in exchanges for the long term.

[Paycoinzzz]

We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.

For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?

in fact, you have misinterpreted the main idea they want to convey. When many exchanges are hacked and some are scams, they find a way to help us lose less if we run into bad luck.
Their main idea is not to put all eggs in the same basket. Because when something goes wrong, you lose everything. Instead of putting all the money in one exchange, you should divide it equally among many different reputable exchanges. When exchanges go bust or hacked, we still have money on other exchanges.

[Insomnia family]

Generally a trader, sends assets to the exchange for a short time or depending on market movements. After finishing trading you can then complete the transaction and transfer the capital back to your personal wallet. This is a common way traders do without leaving coins on the exchange.

[Pithaxz]

it is better to keep your coins in your private wallet, at least there you control your private keys unlike exchanges, but for traders it is very difficult for them to keep all coins in their wallet as best they can. What they can do is keep their exchange account secure with Google Authenticator, as well as keep their passwords secure.

[livingfree]

I mean what do you even mean by that. It's like asking how can you do a workout without doing any movement. The long and short answer to this is you need to move your funds to exchanges to be able to trade, there is no other way of doing it. Just avoid the smallest and worst exchanges and you'll be good.

There were suggestions about not keeping of your funds to exchanges and sometimes others are comprehending it as is.

Not realizing that when they have to trade, they still have to move funds in and out of the exchange. It's not about keeping but moving funds and using it for trading and not treating it as your cold wallet.

It is what they mean.

[Zeronic]

Yes that is right. But the main point is do not leave your coins on exchange for a very long term. It is safer in your personal wallet. You can keep monitoring your money by yourself. The risk is very small too

[max6575]

to keep on wallet as service might gives with the release of drawing as informing movement with the price on exchange and more to request with plan on distribution to enter with the field of arbitrage trading to collects with spare of revenues.