It depends on how frequent you trade at the exchange. I think the exchanges charge a small fee for withdrawal. So if you withdraw and deposit frequently, you will spend more on the fee.
I think about 1BTC will be just ok for a normal bitcoiner.
Topic: What is the maximum amount you keep at a single exchange (Read 3052 times)
I've made it a point to never keep any coins stored at any exchange, I try not to invest in too many different altcoins since it requires me to install so many different wallets.
It's tempting to just put a bunch of coins into Poloniex and keep them there, but every time an exchange dissapears (cough Gox, cough Cryptsy) I'm reminded that it's worth the hassle.
It's tempting to just put a bunch of coins into Poloniex and keep them there, but every time an exchange dissapears (cough Gox, cough Cryptsy) I'm reminded that it's worth the hassle.
Well i had sometime ago somethin like 1 btc at yobit,then i found poloniex and i had something around 1.5btc the thing is you must trust into the exchange,they can shot down any moment and go with your coins instead they collect small fees.
That entirely depends on your risk taking capability, that defers from person to person.
You can put your money in old and trusted exchanges like C-cex and Yobit as they are secured.
If you wish to test new exchanges, then it is not advisable to keep high amount. I usually keep around $250 in C-cex and little less in yobit.
You can put your money in old and trusted exchanges like C-cex and Yobit as they are secured.
If you wish to test new exchanges, then it is not advisable to keep high amount. I usually keep around $250 in C-cex and little less in yobit.
you named two of the not so popular exchangers for keeping money!!
besides YOBIT has always have problems with payment to its users, just look at the services discussion board and you will see how many people are waiting for withdrawals.
That entirely depends on your risk taking capability, that defers from person to person.
You can put your money in old and trusted exchanges like C-cex and Yobit as they are secured.
If you wish to test new exchanges, then it is not advisable to keep high amount. I usually keep around $250 in C-cex and little less in yobit.
You can put your money in old and trusted exchanges like C-cex and Yobit as they are secured.
If you wish to test new exchanges, then it is not advisable to keep high amount. I usually keep around $250 in C-cex and little less in yobit.
I think $250 is still ok for keeping in exchanges. Any higher you should reconsider.
I have not used C-cex and Yobit so I would not comment on how trustworthy and reliable they are.
That entirely depends on your risk taking capability, that defers from person to person.
You can put your money in old and trusted exchanges like C-cex and Yobit as they are secured.
If you wish to test new exchanges, then it is not advisable to keep high amount. I usually keep around $250 in C-cex and little less in yobit.
You can put your money in old and trusted exchanges like C-cex and Yobit as they are secured.
If you wish to test new exchanges, then it is not advisable to keep high amount. I usually keep around $250 in C-cex and little less in yobit.
I think $250 is still ok for keeping in exchanges. Any higher you should reconsider.
I have not used C-cex and Yobit so I would not comment on how trustworthy and reliable they are.
That entirely depends on your risk taking capability, that defers from person to person.
You can put your money in old and trusted exchanges like C-cex and Yobit as they are secured.
If you wish to test new exchanges, then it is not advisable to keep high amount. I usually keep around $250 in C-cex and little less in yobit.
You can put your money in old and trusted exchanges like C-cex and Yobit as they are secured.
If you wish to test new exchanges, then it is not advisable to keep high amount. I usually keep around $250 in C-cex and little less in yobit.
you named two of the not so popular exchangers for keeping money!!
besides YOBIT has always have problems with payment to its users, just look at the services discussion board and you will see how many people are waiting for withdrawals.
That entirely depends on your risk taking capability, that defers from person to person.
You can put your money in old and trusted exchanges like C-cex and Yobit as they are secured.
If you wish to test new exchanges, then it is not advisable to keep high amount. I usually keep around $250 in C-cex and little less in yobit.
You can put your money in old and trusted exchanges like C-cex and Yobit as they are secured.
If you wish to test new exchanges, then it is not advisable to keep high amount. I usually keep around $250 in C-cex and little less in yobit.
Hey everyone,
Just wondering, what percentage of your total funds do you usually keep at a single exchange?
I mean, what is your risk mitigation strategy, considering the many exchanges that went kaput?
Just wondering, what percentage of your total funds do you usually keep at a single exchange?
I mean, what is your risk mitigation strategy, considering the many exchanges that went kaput?
nothing. i am too scared to keep anything at any exchanger anymore
there has been enough incidents with reputable exchangers that it is absolutely necessary to withdraw all the funds from each exchanger after the trade.
i have even reduced the amount if trade for that reason.
i'm still trust an exchange but currently i don't dare to save all my money into 1 exchange because it's too risky and i was heard that some people got hacked into their exchanges account so for now i just only save 25% my bitcoin into 1 exchange from all my money
Why do you trust in exchanges with all the bull they have pulled in the past.It has been plastered all over the news. It is hard to miss.
once i had all my funds in one exchange wallet, but after i read about the fractional reserve that exchanges use, it's like the banks system, after that i don't trust any exchange and i have all of my bitcoin right in my wallet, where i control my private keys
Correct, just because an centralized exchange account balance shows an amount of Bitcoin does not mean it is backed by anything.Using a centralized exchange always includes a counterpart risk and not all of their users understand how big the risks and limits really are.
This is where decentralized exchanges services (DEX) come in. That means the exchange is as decentralized as the underlying blockchain tech itself. On a DEX users are in full control of their own security, which "can" be much better than any centralized entity.
In traditional exchanges you are also limited to a set of pairs. Whereas in a real DEX everyone can create his own assets/tokens/currencys and trade them right away.
Be Your Own Bank & Be Your Own Broker.
At the moment it is just not common to use a DEX.
But time is working towards more decentralized exchange services, because they are more flexible and cannot easily get bankrupt or hacked as centralized ones can.
However the solution is not one or the other, both centralized and decentralized exchanges need to go hand in hand to provide their customers the best and safest experience.
is there a list of DEX options somewhere?
OpenLedger
Counterparty
NXT
Omni
I would not trust any exchange to babysit my coins overnight but that's just me.
You should keep coins in exchanges, the amount you want to invest, and keep the savings
in your wallet.
once i had all my funds in one exchange wallet, but after i read about the fractional reserve that exchanges use, it's like the banks system, after that i don't trust any exchange and i have all of my bitcoin right in my wallet, where i control my private keys
Correct, just because an centralized exchange account balance shows an amount of Bitcoin does not mean it is backed by anything.Using a centralized exchange always includes a counterpart risk and not all of their users understand how big the risks and limits really are.
This is where decentralized exchanges services (DEX) come in. That means the exchange is as decentralized as the underlying blockchain tech itself. On a DEX users are in full control of their own security, which "can" be much better than any centralized entity.
In traditional exchanges you are also limited to a set of pairs. Whereas in a real DEX everyone can create his own assets/tokens/currencys and trade them right away.
Be Your Own Bank & Be Your Own Broker.
At the moment it is just not common to use a DEX.
But time is working towards more decentralized exchange services, because they are more flexible and cannot easily get bankrupt or hacked as centralized ones can.
However the solution is not one or the other, both centralized and decentralized exchanges need to go hand in hand to provide their customers the best and safest experience.
is there a list of DEX options somewhere?
once i had all my funds in one exchange wallet, but after i read about the fractional reserve that exchanges use, it's like the banks system, after that i don't trust any exchange and i have all of my bitcoin right in my wallet, where i control my private keys
Correct, just because an centralized exchange account balance shows an amount of Bitcoin does not mean it is backed by anything.Using a centralized exchange always includes a counterpart risk and not all of their users understand how big the risks and limits really are.
This is where decentralized exchanges services (DEX) come in. That means the exchange is as decentralized as the underlying blockchain tech itself. On a DEX users are in full control of their own security, which "can" be much better than any centralized entity.
In traditional exchanges you are also limited to a set of pairs. Whereas in a real DEX everyone can create his own assets/tokens/currencys and trade them right away.
Be Your Own Bank & Be Your Own Broker.
At the moment it is just not common to use a DEX.
But time is working towards more decentralized exchange services, because they are more flexible and cannot easily get bankrupt or hacked as centralized ones can.
However the solution is not one or the other, both centralized and decentralized exchanges need to go hand in hand to provide their customers the best and safest experience.
I would not trust any exchange to babysit my coins overnight but that's just me.
You should keep coins in exchanges, the amount you want to invest, and keep the savings
in your wallet.
I would not trust any exchange to babysit my coins overnight but that's just me.
I only have coins on an exchanges when I am going to trade. If I'm done with trading for the day then I withdraw all my coins to my PC wallet. And when I will do some trading again I simply deposit my coins in my exchange account. I never leave them there if I'm not trading.
Hey everyone,
Just wondering, what percentage of your total funds do you usually keep at a single exchange?
I mean, what is your risk mitigation strategy, considering the many exchanges that went kaput?
Just wondering, what percentage of your total funds do you usually keep at a single exchange?
I mean, what is your risk mitigation strategy, considering the many exchanges that went kaput?
once i had all my funds in one exchange wallet, but after i read about the fractional reserve that exchanges use, it's like the banks system, after that i don't trust any exchange and i have all of my bitcoin right in my wallet, where i control my private keys
I never have more than one btc on an exchange and that is mainly for giving out monthly to my investors. I prefer to have bitcoin stored in a variety of places. Although now I don't have a whole bitcoin yet anymore but I would like to start earning again enough to do so.
To the maximum it is better to keep 0.5 Bitcoin in exchange.More than that will be considered risky due to the price variation with exchange values.
I only keep about 1 Bitcoin in an exchange. I feel that anymore than that is a very dangerous amount and you could lose a lot.
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