What's Your Exchange to Wallet Ratio?

[Silberman]

Does anybody leave a percentage of their BTC on the exchanges, or do you guys store all your BTC in your wallets, etc?

Those percentages will vary depending on what are your personal preferences and your current strategy, those which are traders probably keep the majority of their coins on an exchange in order to take advantage of any opportunity that may present itself, long term holders may not keep a single satoshi in exchanges, while other users may decide to keep some of their money there so they can make a quick transaction in the case they want to buy something and they are on the move.

[michellee]

If I'm not mistaken, there are a bunch of reports about wallet hacks on Trezor.
So therefore, I might consider this Ledger wallet as a good hardware wallet than Trezor.  It has a lot of security features that you can trust or can countermeasures against attacks.

I use exchange when I want to convert my crypto into fiat and nothing else, but I didn't let my coins sleep on exchange for the long term.
It should be your coins stored on the wallet that you have full control over, never trust SAFU at all on the exchange because IMO, that's only a marketing strategy that people have their trust.

Even if that's true, it's due to someone's negligence in protecting their Trezor wallet. As long as he could take care it well, his wallet would be fine too. Even if he uses Ledger or another more secure wallet, but he can't protect it, it will be the same because his wallet can be hacked.

By storing our assets, such as Bitcoin, in a hardware wallet or other wallets, at least we have full control over those assets. And if we can protect it by following the advice given, that should be enough to protect its assets. If you have assets in your wallet, you need to be more careful and not let many people know that you have Bitcoin.

I also do exchanges like you and do not keep most of my assets on exchanges. And I've been doing that for a long time. We must be responsible for these assets, so we try to protect them by using a separate wallet or hardware wallet.

[SquirrelJulietGarden]

By storing our assets, such as Bitcoin, in a hardware wallet or other wallets, at least we have full control over those assets. And if we can protect it by following the advice given, that should be enough to protect its assets. If you have assets in your wallet, you need to be more careful and not let many people know that you have Bitcoin.

Hardware wallets in theory are good but you must choose open source hardware wallets to use. Ledger is not open source and they looks shady with their latest product Ledger Recovery Service and they have bad record of data breach.

[LIST] Open Source Hardware Wallets

I also do exchanges like you and do not keep most of my assets on exchanges. And I've been doing that for a long time. We must be responsible for these assets, so we try to protect them by using a separate wallet or hardware wallet.

If you don't use hardware wallets, you can use multisig wallets as your alternative for hardware wallet.

Storing bitcoin on centralized exchanges is very risky. We can go to bed, sleep and wake up with a nightmare news. When something go wrong with a centralized exchange, we as users of their exchange, can not do anything because we don't have private key.

[BTC_Dragon]

Noticing that CoinBase wants to take $10 per transaction to my Trezor, as well as some SATS once it's received.

What's the average/good SAT exchange rate and am I getting screwed on that end now?

[Jawhead999]

Noticing that CoinBase wants to take $10 per transaction to my Trezor, as well as some SATS once it's received.

What's the average/good SAT exchange rate and am I getting screwed on that end now?

Using the current rate, you only need to pay around $4.8 for the priority transaction (although it depend on how many of the input and output), so the answer is yes. I guess all centralized exchanges charge higher fee, it's the way for them to earn more profit.

If they don't have big money and need to deposit to exchanges to cash out, it's not bad choice.

Is it a taboo or forbidden to cash out your coins?

[synchronym]

Does anybody leave a percentage of their BTC on the exchanges, or do you guys store all your BTC in your wallets, etc?

We can keep BTC in our wallet but before that we need to see how safe the wallet is to keep BTC. If I feel that my wallet is 100% safe then of course I can hold BTC in my wallet. I keep my BTC in my wallet even though there is little risk in holding BTC in long term wallet.

[EarnOnVictor]

Does anybody leave a percentage of their BTC on the exchanges, or do you guys store all your BTC in your wallets, etc?

As a businessman in cryptocurrency, it will be so senseless for me to store all my Bitcoins in my non-custodial wallet, nonetheless, I have the majority of my coins there. Also, if I am making so many gains with my trading and investments, I send more to my non-custodial wallets and it has been so easy for me. This is against what I do hear that it is so bad to have any asset in the custodial arrangement, but what about the business around it that the self-custody and even DEX cannot offer you? That is good for those who cannot maximize their earning potential with Bitcoin with what they know and rely only on what the HODLing of the coin can offer them alone.

I will continue to do my style even as I use the Bitcoin-USDT transfer often within the exchange with low fees depending on the market condition and my disposition which has always helped me rather than discouraging me unlike many here would want people to believe.

[Marvell1]

Does anybody leave a percentage of their BTC on the exchanges, or do you guys store all your BTC in your wallets, etc?

As a businessman in cryptocurrency, it will be so senseless for me to store all my Bitcoins in my non-custodial wallet, nonetheless, I have the majority of my coins there. Also, if I am making so many gains with my trading and investments, I send more to my non-custodial wallets and it has been so easy for me. This is against what I do hear that it is so bad to have any asset in the custodial arrangement, but what about the business around it that the self-custody and even DEX cannot offer you? That is good for those who cannot maximize their earning potential with Bitcoin with what they know and rely only on what the HODLing of the coin can offer them alone.

I will continue to do my style even as I use the Bitcoin-USDT transfer often within the exchange with low fees depending on the market condition and my disposition which has always helped me rather than discouraging me unlike many here would want people to believe.

That depends on each investor. It would be a lie for someone who is a trader to say that they always store their crypto assets in a non-custodial wallet or always withdraw all their bitcoins to their wallet at the end of the day. But if someone has no intention of short-term trading but just wants to accumulate and hold for the long term, storing their bitcoins on exchanges would be the stupidest idea.

For me, long-term portfolios are always stored in hardware wallets, and part of the capital used for short-term trading is stored on centralized exchanges. Risks are always present when we leave money on centralized exchanges, but to be able to trade and make profits, we really have no other choice.

[dansus021]

What's Your Exchange to Wallet Ratio? I usually put a big chunks of money in an external wallet meaning outside the exchange, especially the BTC because the fee is insane.

and I like the DeFi World so Most of my money is outside the exchange + I have 2 wallet hot wallet and cold one and that it

[Harpaggie2001]

Does anybody leave a percentage of their BTC on the exchanges, or do you guys store all your BTC in your wallets, etc?

1%

[Xal0lex]

Does anybody leave a percentage of their BTC on the exchanges, or do you guys store all your BTC in your wallets, etc?

The question is not quite correct. If a person trades bitcoins, then, naturally, he will keep part of his bitcoins on the exchange. And if a person does not trade bitcoins, why should he keep his bitcoins on the exchange? Using exchanges as a wallet is a bad idea.

[God bless u]

Noticing that CoinBase wants to take $10 per transaction to my Trezor, as well as some SATS once it's received.

What's the average/good SAT exchange rate and am I getting screwed on that end now?

Using the current rate, you only need to pay around $4.8 for the priority transaction (although it depend on how many of the input and output), so the answer is yes. I guess all centralized exchanges charge higher fee, it's the way for them to earn more profit.

Even if Centralized exchanges charge additional fees to earn profit that amount still charging $6 extra is too much.. if coinbase really doing that then they are really insanse. I am glad that coinbase don't work in my country and I'll never get to use that.
and that is yet another reason to keep your holding in your safe wallet. only keep as much as you need for trading in exchange and when you earn some profit from trading withdraw them too.

What's Your Exchange to Wallet Ratio? I usually put a big chunks of money in an external wallet meaning outside the exchange, especially the BTC because the fee is insane.

and I like the DeFi World so Most of my money is outside the exchange + I have 2 wallet hot wallet and cold one and that it

it is good that you are a Defi lover. but I suggest you to use separate wallet when using Defi platforms. never use your personal/cold wallet where you store majority of your funds.

[carlfebz2]

Does anybody leave a percentage of their BTC on the exchanges, or do you guys store all your BTC in your wallets, etc?

Exchanges are meant to be used for treating coins, not storing them, so there is no point in leaving them in an exchange.
 
If I use any centralised exchange today to buy bitcoin, the only purpose for using that is to buy it, and that's where its service ends. Storing it is my personal responsibility, so I move it to my private wallet (self-custodial wallet), to be precise.
 
I don't leave bitcoin in any exchange, but I leave some funds in some exchange as a result of me using them to place a buy order, which I don't expect them to execute at that very moment. Only those funds on an active order are what I leave in an exchange; the rest of them are moved down to my private wallet.
 
Not your key, not your coin.

It's safer to store it in your wallet, where you have full control over it, than to keep it in a place where anything can happen at any time, such as fund freezing, hacking, bankruptcy, etc.

It is really that always be on which it would really be just that right that people shouldn't really be treating up those exchangers to be their long time wallets. Only noobs who would really be having this kind of consideration and this is why on the time that there would really be some exchange hacks and exploits then this is where they would really be that making searches that storing coins on exchangers are non suggested.
Yes, they do make out those realizations but it is really too late and this is why it would really be that always best that you should really make yourself wary as early as possible. The only issue when you do make
those active transfers from exchange to your main wallet is that into those fees, people would normally be trying out to save fees as much as possible and this is why they dont make those active
transfers just for having that kind of saving up for  those things specially now that even on Bitcoins fees were high then it would really be that just a waste if you do make out some active transfers.

This is why i do only store up into those coins basing up on what would be i trading. I dont put up 100% of my coin holdings into an exchange but rather i would really be just
storing or transferring coins which are really that bound for me to make use into trading or something that i would really be making out those active buy and sell
on which i dont need on keeping transfers.

[OgNasty]

Does anybody leave a percentage of their BTC on the exchanges, or do you guys store all your BTC in your wallets, etc?

I don't leave any BTC on exchanges because that would be weird and pointless since I don't trade, but I do hold some Ethereum on an exchange in order to get interest on my holdings.  As far as a ratio if I were to put a number on it...  I'd say the ratio of crypto assets on exchanges as opposed to being held in wallets as opposed to exchanges is just under 1 to 100.  This should change once the mtgox coins are distributed, but I imagine I will either cash out those coins or remove them from the exchange as well.

[cr1776]

Does anybody leave a percentage of their BTC on the exchanges, or do you guys store all your BTC in your wallets, etc?

0% at exchanges.  If you look at the history of exchanges, they are not safe for long term storage.  And if anyone - like Celsius, FTX etc - is offering something that appears too good to be true or wants to have custody of your coins, it probably is and they are probably scammers.

If you don't have the private keys, you are merely a creditor as many have found out to their regret.  Only put coins on exchanges briefly to sell (or after you buy).  I think Coinbase is legit of course, they seem quite competent, but many others are just scammers.

[Nwada001]

0% at exchanges.  If you look at the history of exchanges, they are not safe for long term storage.  And if anyone - like Celsius, FTX etc - is offering something that appears too good to be true or wants to have custody of your coins, it probably is and they are probably scammers.

Anyone who is offering a higher percentage in your bitcoin holdings is obviously telling you to hand your bitcoin over to them, and they are trying to use someone greedy to steal from them.
 
Once bitcoin is sent to a centralised exchange, the custody of that fund is no longer in the hands of the owner; the bitcoin now has a new owner, and all that the person gets is just some figures added to their account and nothing more than that.
 
The question most people need to ask first is: how and what exactly will this exchange offering this reward do with the bitcoin, which will increase the reward over a short period of time that will be enough to reward both depositors and keep their business going?
 
NOT YOUR KEY NOT YOUR COIN. No matter the kind of offer Celsius and FTX give, it's not worth handing them over your custody of your coins.

[SquirrelJulietGarden]

NOT YOUR KEY NOT YOUR COIN. No matter the kind of offer Celsius and FTX give, it's not worth handing them over your custody of your coins.

With Bitcoin Spot ETFs are coming, people will be given a new option to invest in Bitcoin.

If they want self custody, they will buy bitcoin directly and store bitcoin by themselves.
If they want convenience and are not fearful of custody, they will not buy bitcoin directly but buy shares of Bitcoin Spot ETF alternatively.

If they choose Bitcoin Spot ETF shares, it's their decision to take risk by spending money but won't actually own bitcoins.

Some people can feel storing bitcoin by themselves is inconvenient but I don't see it like this. I love self custody and see it convenient too.

[milewilda]

Does anybody leave a percentage of their BTC on the exchanges, or do you guys store all your BTC in your wallets, etc?

I don't leave any BTC on exchanges because that would be weird and pointless since I don't trade, but I do hold some Ethereum on an exchange in order to get interest on my holdings.  As far as a ratio if I were to put a number on it...  I'd say the ratio of crypto assets on exchanges as opposed to being held in wallets as opposed to exchanges is just under 1 to 100.  This should change once the mtgox coins are distributed, but I imagine I will either cash out those coins or remove them from the exchange as well.

If you would really be doing trading then most likely you would really be experiencing that you would be storing up your funds into the platform on which it would really be just that normal that would be doing less on transferring it out into those non custodial wallet on which it is recommended but if the platform or exchange you are dealing with is something reputable and long time running
then it cant be denied that we could really be able to mold up such confidence and we might be considering on storing up those funds in long time. Even myself would be thinkin up the same.
It isnt really just that because of the fee but also the main reason on why people would be storing up their coins is that it isnt really that hassle on transferring go back and forth into those
funds which you are tending that you would gonna trade. This is why we do hear up different opinions but in general case on which its never been that recommended
for you to store up huge sums no matter how trustable it is, we've seen the worst so its better to be safe than sorry.

[dezoel]

I do not have any, all of it is in either exchange or cashed out in fiat form at my bank account, I have no wallet of my own that put any money in right now, I do have a wallet, electrum, but I do not use it currently because I like to trade with mine right now and that means I need them on the exchange to make some money. Doesn't mean that it is a smart idea, it just means that it is not that easy to handle at the moment.

I believe that the best thing to do at this moment is not to really take any risk, and just let it be, I believe that would definitely make it a lot better and could end up with a good result one way or another. That would not be all that easy, and it would still be a smart idea to keep it in wallet if you are holding.

[Mauser]

Does anybody leave a percentage of their BTC on the exchanges, or do you guys store all your BTC in your wallets, etc?

I am not leaving a percentage of my coins at the exchange. What's the point in that? I can understand that if you are trading actively and need to react quickly that you will leave money at the exchange. But if you are investing for long term and will not likely touch the coins any time soon, then I would always withdraw all the coins. It's better to remain in full control and have all our coins in a well secured wallet that at the exchange. In the past there where too many security issue with large exchanges, so that I wouldn't take the risk of leaving any coins there for a long period of time. The only benefit I see is to be able to react more quickly to price changes in the market, but even then we could just send the coins from our wallet again. I prefer to pay a bit more in transaction cost for higher security.