Topic: How do you trade if you won't leave your coins on exchange - page 8. (Read 2334 times)
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
Obviously, this can only be achieved if a certain portion of your portfolio is left on the exchanges. The ideal thing is to only trade 10% of your holdings at a time and that is the only portion that should be left on the trading exchange of choice. For security purposes, the balance of 90% should be transferred to your private wallets. Never for whatsoever reason trade your entire portfolio at any given time.
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. 
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?
This is one of the risk that you have to put on, but if you are trading Bitcoin, then go for the the most reputable exchange in the industry, it's more safer than trading it on tier 2 exchange, but you don't want to put a sell order on only one exchange, better pick at least two good exchange to trade your Bitcoin.
You can leave your assets in cold wallets and sell them at your desired price, but that's just theory. Because when you do it that way, you'll face a lot of disadvantages.
First of all, you may not be able to sell the price you want (the price you want to sell and the price when you complete the transfer of your assets to the floor may be different). More precisely, you will not be able to place a sell order at the desired price (limit price).
Second, hardware wallets only support certain types of assets but not all cryptocurrencies. Therefore, you must transfer them to the floor if you want to sell.
In short, it is perfectly reasonable to leave the property on the floor for trading. The important thing is that you choose a good broker to trade. It is a prerequisite to protect your property.
First of all, you may not be able to sell the price you want (the price you want to sell and the price when you complete the transfer of your assets to the floor may be different). More precisely, you will not be able to place a sell order at the desired price (limit price).
Second, hardware wallets only support certain types of assets but not all cryptocurrencies. Therefore, you must transfer them to the floor if you want to sell.
In short, it is perfectly reasonable to leave the property on the floor for trading. The important thing is that you choose a good broker to trade. It is a prerequisite to protect your property.
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$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?
I think the meaning of don't leave your coin on exchanges is when you have a position and no stop loss specially if you are leverage trader because when you leave it there with position you may end up losing your funds specially if your position is long then the coins when down then your funds would be nothing or lose it all.For example BTC is trading at 8000$ 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?
Easy answer:
Make use of a DEX such as the Blocknet DX platform, which makes you trade on a peer 2 peer network with any person in the world.
You can read more about it here: https://blockdx.com/
Well using Dex is not the solution except you're market trading. If you're not market trading and puts an order waiting to be matched, your tokens are yet on the Dex. Now even when you sell tokens, they're on the Dex until you withdraw it. Truth be told there's no way a traders tokens cannot be on exchange except such trader closes their trades daily and withdraws funds to personal wallet. Make use of a DEX such as the Blocknet DX platform, which makes you trade on a peer 2 peer network with any person in the world.
You can read more about it here: https://blockdx.com/
Easy answer:
Make use of a DEX such as the Blocknet DX platform, which makes you trade on a peer 2 peer network with any person in the world.
You can read more about it here: https://blockdx.com/
Make use of a DEX such as the Blocknet DX platform, which makes you trade on a peer 2 peer network with any person in the world.
You can read more about it here: https://blockdx.com/
Yes, no matter how reputable or trusted the exchange is, there is still a risk. That is why you need to manage your funds, some go to the wallet for long term hodl, and some stay on the exchange for daily trading. Have you noticed the block explorer tracker cryptowhale? It tracks transactions going in and out of exchanges and wallets. Whales are playing the market for a short period of time and then they withdraw it in the safe place it's their wallets.
Trading on Exchanges and making profits is not that easy, to take advantage of every opportunities you will need to leave your coins on the exchange, it's better to use exchange like binance that can still reimburse if anything happens, it's more like gamble to me because hacks can happen at anytime
What they were saying is just a piece of advice specially to the newbies since they are not yet familiar with the risk Which is reasonable. But to anyone who have grown up in crypto world you'll learn some ways to protect your cryptos. But concerning bitcoin is think no need for to leave in exchange because we all have local wallets in which you can hold it for long term not unless if you want to buy altcoins with your bitcoin.
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$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?
When you create a sell order the coins will be locked from your wallet so you can't withdraw it even if you wanted too unless you cancel the trade order.For example BTC is trading at 8000$ 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?
And if you are expecting huge returns from single trade order then probably you are not an experienced one.
Well it is just advice, don't store all your funds in exchange as a wallet. Trade with your extra money but still it is up to you, that's your money you decide.
maybe he thinks all coins are going to pull out on the exchange and if that was the case he is correct with that but no trader does that unless if he isnt done with his business which is trading but pulling out your coins is fine because you can always deposit them and trade again . as long as you are aware that doing this takes time and fees too but this is nothing compare too if your coins got hacked inside the exchanged . not saying all traders can pull out thier coins now for safety , this is only for people that are scared or cant afford to loose big
If you trade every day at the exchange and use it on a regular basis, you need to leave your assets in exchange to take advantage of the opportunities of the day. And if you hold the long term sure then, never leave it at the exchange because that is too dangerous action
Well it is just advice, don't store all your funds in exchange as a wallet. Trade with your extra money but still it is up to you, that's your money you decide.
Another type of trading is by buying the coin and saving it in a wallet address. For example instead of buying ETH in an exchange. Why not buy it ETH and save it a hardware wallet or wallet created in myetherwallet. This is applicable if you are a longterm trader. If not you have to risk your funds to what ever happened to exchange site.
I think you can only do that when you have found a token buyer directly. some people try to sell their tokens on social media. however, I do not recommend it. if you are so afraid of losing your assets in exchange, then don't keep it in the long run. You just have to pull it back to your wallet when you're done trading.
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$, most times this won't happen in an instant, sometimes you wake up the next day and your order became successful isn't it? Now for those saying 'don't leave your coins on exchanges' how do you trade?
I think the meaning of don't leave your coin on exchanges is when you have a position and no stop loss specially if you are leverage trader because when you leave it there with position you may end up losing your funds specially if your position is long then the coins when down then your funds would be nothing or lose it all. For example BTC is trading at 8000$ 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?
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.
Exactly, if we hold altcoin in the long term, there is no need to leave the assets in the exchange because they may be attacked in the future. But if we trade short-term and have constant frequency every day, then we must put money in the exchanges
Trading was to risky doing that in your first time, And if you have coins came from a bounty and want to trade in a exchange site must better to leave on there and set a price that we want trade. But we need to choose those trusted exchange that could not lose our coins incomes of having a leaving on a exchange site. Actually most of coins came from bounty campaign are worth to trade on but some of them become shitcoins for so long.
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