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.
Topic: How do you trade if you won't leave your coins on exchange - page 7. (Read 2359 times)
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.
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.
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.
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$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?
Most people dont daytrade. I am sure most people tried, but then lost most and changed their mind. You cant trade something that is so easily to manipulate as is Bitcoin or other altcoins. You will get burned sooner or latter. Most people buy use and sell. Bitcoin was ment as cash, to buy stuff with it and not to trade altcoins. Or to get salary in it.
We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.
For example BTC is trading at 8000$ 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?
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.
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
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.
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.
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.
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?
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.
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
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.
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.
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.
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.
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 
.
. legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
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. 
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.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.
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.
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$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?
In my opinion, there are several types of investors. There are those who really intend to invest in the long term and there are those who try to speculate by trading. There are also several types of traders because there are traders who trade daily and there are active trading in a matter of hours. I think if we want to sell our coins at the highest price, it's very easy to transfer them to the exchanger wallet
We are told several times on this forum never to leave your coins on exchange, well I know the difference about low rated exchanges and high rated exchanges and I know that many traders prefer high rated exchanges for trading because of volume and Liquidity but my point is there is no way to be a trader without your coins sleeping in exchange wallets, why? Because sometimes while you are asleep bitcoin can hit a new price target.
For example BTC is trading at 8000$ and I put up a sell order at 9000$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?
Now we can't ignore top centralize exchange even though we know that we haven't all control on our funds after sending them to the exchange. After earning enough money from trade, you should withdraw your profits and always use multiple exchanges. For trading advice, we have another section. For example BTC is trading at 8000$ 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?
Jump to: