Topic: How do you trade if you won't leave your coins on exchange - page 4. (Read 2334 times)
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.
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.
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.
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.
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.
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.
Also there are some defi solutions right now right uniswap that you don't even deposit anything. So love using them.
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.
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.
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.
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
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.
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
Only DEX could be adequate soltion for this
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.
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.
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.
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"
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.
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.
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$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?
For example BTC is trading at 8000$ 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.
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.
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.
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