Subaccounts over having accounts on different exchanges

[Oshosondy]

I noticed that I have subaccounts but I do not use most of them. In fact I do not use any of my subaccounts right now as I have them on three different exchanges which are 5 subaccounts in total.

I have registered on at least 10 exchanges while I am actively using 5 exchanges among them right now. This makes me think should I even have subaccounts.

What is the main reason someone will have subaccounts when having accounts on several exchanges? I prefer several exchanges than subaccounts because I prefer to distribute my trading coins on different exchanges.

What about you? You prefer subaccounts or having accounts on different exchanges?

Do not come with posts like not your keys not your coins. We are not taking about the coins that you hold here and not about trading.

[joeperry]

I prefer having one accounts, I actually only have 3 verified accounts in 3 exchange sites. I'm familiar with sub accounts but I barely use them... actually I don't use them at all. I think using sub account is good if you are using different strategies or different bots that uses different strategies, so you would be able to track the progress and profit of each account and also keep the losses isolate if the market goes against your strategy. So it's for strategy and risk management, but personally I don't use it as it seems complicated for me to use, I just stick to one account (main account), do the trade/strategy on that account.

Having different exchange account is also good if you are doing arbitrage or if some coins are not available on certain exchange.

[Cointxz]

I have registered on at least 10 exchanges while I am actively using 5 exchanges among them right now. This makes me think should I even have subaccounts.

What is the main reason someone will have subaccounts when having accounts on several exchanges? I prefer several exchanges than subaccounts because I prefer to distribute my trading coins on different exchanges.

What about you? You prefer subaccounts or having accounts on different exchanges?

Sub accounts is good to separate your assets if you are doing cross position on futures trading. I’m a even victim in the past of this cross position for being naive on the mechanics of this future trading.

But if you are just doing spot trading I sub account is already useless. Much better to have multiple account from different exchange rather than use sub account that offer the same features and coin availability.

[Despairo]

Yeah I also don't care with sub accounts, it's the same exchange, same function, same fees etc.

My exchange have kind of sub accounts, although technically it's not. The default account is instant exchange, so if we want to buy/sell the coin, the exchange already convert how much we will get with their rate. However, in pro account it's like a normal exchange where we can set the order how much we want to buy/sell the coin.

Rather than leave their coins in sub accounts, people would choose to stake it instead.

[tbct_mt2]

I noticed that I have subaccounts but I do not use most of them. In fact I do not use any of my subaccounts right now as I have them on three different exchanges which are 5 subaccounts in total.

I have registered on at least 10 exchanges while I am actively using 5 exchanges among them right now. This makes me think should I even have subaccounts.

With sub-accounts, you can have advantages but honestly I don't use sub-accounts.

Like you can separate your fund into different accounts on a same exchange. With KYC, with only one identity, you can not open more than one account and the exception is if you open sub-accounts with same identity document.

This fund separation into different sub-accounts can help you using them for different purposes, for example: one for holding, one for spot trading, another one for margin trading. It's only example as it is not recommended to store money on centralized exchanges.

Reminder: do not keep your money in online accounts.

[IjawMan]

I'll go with having several accounts with different exchanges it will save me from the risk of having all eggs in one basket. With the subaccounts your money still lies in one exchange and a crackdown of any kind on that exchange is a total loss of all savings.

For creating a subaccount you technically have another carefully thought-out reason or use elsewise I do not know why creating multiple subaccounts and not using them.

Do not come with posts like not your keys not your coins. We are not taking about the coins that you hold here and not about trading.

This line made me laughed subtly.

[BitMaxz]

The main reason for having a subaccount is for security purposes. If you are going to use outside tools or a bot that requires API, then you will need a subaccount if you don't want to lose all your capital from your main account.

Another reason, based on what I heard from pro traders, is that they do have subaccounts for separated strategies.
I also heard they use subaccounts to let others trade for him since the main account has full control to disable withdrawals to subaccounts.
Meaning there are many uses of subaccounts for institutions or whales I think the use this.

[Bitcoin_Arena]

Ever since I started my trading journey, I have never had or felt the urgency of creating a subaccount, however I have several accounts across different exchanges . This is because of the different features the exchanges offer, different trading and withdrawal fees, different User interfaces etc

I also prepare myself for any catastrophe. For example, when FTX shutdown or when my Binance account was closed due to some issues. It didn't affect my trading activity.

I think subaccounts are majorly for institutional traders and those who are trying to manage different portfolios using one exchange account.

[Josefjix]

What is sub account if I may ask, this my first time hearing that word though, maybe I might have created it but don't know, maybe
What's the need of having sub account in a centralized exchange when everything is done on Cex. Personally, I don't use many exchange for trading, I'll get confused about it and my portfolio will seems scattered and unarranged.

[JeffBrad12]

Different exchange account is definitely better, but sometime some people just want to stick with one exchange that's where subaccount can be useful. It's more of separation of concern for each subaccount more than anything.
Talking about security, it's always better to diversify across tier 1 exchange, subaccount won't help us from when ur account gets locked out of the blue without doing anything.

It's just quality of life tool more than anything honestly. Individual trader don't really need it.

[slaman29]

When I used to trade forex heavily it was useful to have 1 subaccount but only for very long trades (usually when very far stops and collecting overnight interest) just to calculate different strategies and not to mix with day trades and scalping etc.

Other than that I don't see any point in subs. I also don't see the point in many exchanges. Open a few for sure to see, choose one you like, done. Unless you treat trading like casinos and are using all of them to do promos and bonus etc.

[Charles-Tim]

Other than that I don't see any point in subs. I also don't see the point in many exchanges. Open a few for sure to see, choose one you like, done. Unless you treat trading like casinos and are using all of them to do promos and bonus etc.

Some people prefer more exchanges because they do not want to have their trading coins only on one exchange, they prefer to distribute the coin on more exchanges. This is because they think an exchange can be hacked and they do not want more of their coins to be affected.

Some people use more exchanges to know which one is perfect for them. The exchanges are different in one way or the other.

[gunhell16]

I noticed that I have subaccounts but I do not use most of them. In fact I do not use any of my subaccounts right now as I have them on three different exchanges which are 5 subaccounts in total.

I have registered on at least 10 exchanges while I am actively using 5 exchanges among them right now. This makes me think should I even have subaccounts.

What is the main reason someone will have subaccounts when having accounts on several exchanges? I prefer several exchanges than subaccounts because I prefer to distribute my trading coins on different exchanges.

What about you? You prefer subaccounts or having accounts on different exchanges?

Do not come with posts like not your keys not your coins. We are not taking about the coins that you hold here and not about trading.

I also have a few verified accounts on the exchanges I use, but I've never used sub-accounts. I just think, why would we need those if we already have an account, right?

As long as we can take care of our own accounts, there's no need for those sub-accounts. They might even become a problem for us later on.
It's better to just be very careful.

[Coyster]

I don't use subaccounts, i don't think it is really important for a lot of traders, particularly those who have a small portfolio. Subaccounts could be necessary for big time traders who have a lot of strategies and need to monitor them independently, other than that i don't see the need to set up a subaccount within an exchange. Neither do i like using multiple exchanges, because of the need to submit KYC in all of them.

[Peanutswar]

I just rarely use two exchange and these because of the trading events and of coruse the lowest transaction fees which gives more convenient to my side so If i want to make trade I just use them or make a holding with small amount but in large scale of amount I do often use with the hot or cold wallet this will makes me more safe and avoid overthink much about the current happens of the exchange locking or freezing funds again we have the not your keys not your coins if you want to feel safe avoid storing funds in the exchange that you will just use to sleep the money.

[Aanuoluwatofunmi]

I have registered on at least 10 exchanges while I am actively using 5 exchanges among them right now. This makes me think should I even have subaccounts.

I don't think it is necessary in having subaccounts when the address they are generating from either are still the same, for instance, if the exchange does not support a segwit btc address and am using it, then the sub account should be enabled to have such, if not, i see no reason for using a subaccount without anything much different from the main one am having with the exchange, except they mean other things by stating sub account.

[Ruttoshi]

I don't like the idea of having subaccount when I can easily open more accounts in different exchange. I prefer to have just one account in different exchanges when trading so that I get frustrated when the exchange that I am using at that moment is giving me what I want.

I have a friend who has subaccounts on up to three exchanges, when I asked him why he said that he uses different account for different type of trading. He using one for day trading and the other for swing trading.

[AVE5]

I prefer several exchanges than subaccounts because I prefer to distribute my trading coins on different exchanges.

As a matter of fact, I don't see need of setting up multiple accounts in the same exchange when your primary account can do all the services. Regardless that it mitigates trades strategies, I don't find it viable to lead my success. And for the sake of safety reasons, I wouldn't even want to imitate that strategy of storing by asset there (subaccounts) as a funding strategy. I'll rather hold on self custodian while I transacts between the self custodian to the exchange only when I want to trade otherwise, will increase the risks or threats surrounding exchange platforms but I can own accounts in multiple exchanges if not for another reasons but just for backups in case one doesn't support my service need at the immediate time.

[Zaguru12]

What is the main reason someone will have subaccounts when having accounts on several exchanges? I prefer several exchanges than subaccounts because I prefer to distribute my trading coins on different exchanges.

What about you? You prefer subaccounts or having accounts on different exchanges?

You look at this sub account it has no meaning to me most especially of you’re a trader, let’s talk about the risk of having funds on exchanges, if you actually create sub accounts it is simply still same exchanges you’re using when anything happens you can not escape it.

As a trader that cannot move out my funds everyday from the exchanges because I trade daily and also swing using different exchanges actually gives me the opportunity to split the funds on different exchanges, this actually reduces the risk of using one exchange because you can’t tell me both exchange will go down same day or have issues same time.

As for a trader sub accounts will not be giving you different options like the way different exchanges will give one, you can have different leverage size on different exchanges, not all exchanges list certain pairs, so a pair in one exchange simply means the sub account is useless

I have a friend who has subaccounts on up to three exchanges, when I asked him why he said that he uses different account for different type of trading. He using one for day trading and the other for swing trading.

Seriously he is better off with using different exchanges, I can have swing trades on binance, do daily trading on both bybit and Mexc this simply reduces lots of risk in my opinion than holding both trades in one exchange

[The Cryptovator]

What is the main reason someone will have subaccounts when having accounts on several exchanges? I prefer several exchanges than subaccounts because I prefer to distribute my trading coins on different exchanges.

What about you? You prefer subaccounts or having accounts on different exchanges?

During use, the exchange subaccounts option comes up in front of me, but I have never tried to register there. To be honest, I don't find any point in using subaccounts on the same exchange where I already have a main account. Rather, I have been using accounts on different exchanges. For example, if something happened with my Binance account, then it would affect the subaccounts as well. Still, they might block both accounts for any reason. I am not only talking about storing funds; rather, there might be some other issues as well.

However, it's always better to have accounts in different exchanges. A few days back I moved my Ethereum to two different exchanges for trade. After selling coins, again move funds to my hardware wallet. If something happens with one, then at least I have funds in another exchange. So I will strongly prefer using multiple exchanges.