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

[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.