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Topic: What is the maximum amount you keep at a single exchange - page 3. (Read 3052 times)

sr. member
Activity: 423
Merit: 250
Because Im not trader,  I dont see reason to keep my Bitcoins at exchange.

When I buy Bitcoins, I deposit only amount not too high to be disaster for me if the exchange just happen to cease operation before Im able to withdraw my new Bitcoins.
hero member
Activity: 504
Merit: 500
I already lost a lot of coins because of scammy exchanges, so now I try to keep few coins on exchanges.
I usualy don't have more than one BTC on any web site
hero member
Activity: 1708
Merit: 606
Buy The F*cking Dip
0.5BTC is the most that I've held into an exchange site. It's too risky to put most of your coins in an online exchange. Better safe than sorry.
newbie
Activity: 9
Merit: 0
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?



depends what exchange also some satoshis are too much Wink
legendary
Activity: 1526
Merit: 1001
I remember once that i put several bitcoins in a single exchange and withdrawed fast because i was afraid holding there.
hero member
Activity: 770
Merit: 500
✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪
highest amount I hold in an online exchange is about 1 BTC, but usually lower than that. However, it is a high percentage of what I own.
x13
sr. member
Activity: 336
Merit: 250
Things are called shit for a reason, dear.
Not more than 0.05 BTC. I know this is not much but I lost almost 0.4 BTC on the Mintpal shutdown. I worked hard to get these coins, I do not want to risk another lost of this amount.
legendary
Activity: 2870
Merit: 7490
Crypto Swap Exchange
0BTC and $0, i can't trust exchange at all when we're talking about keep bitcoin in exchange.
Too many exchange got hacked, "hacked" or became scammer recently.

I don't keep bitcoin at exchange, but i keep some if i want use it for trading.
But i kept altcoin at exchange when i was altcoin trader though.
sr. member
Activity: 574
Merit: 251
After I was scammed earlier, I try to keep the minimum amount possible in any online site and exchange. But still at some trusted sites I try to keep some 0.1 btc , but whom I trust a lot.
Yes we should divide out Bitcoins in different Online wallets to minimize the risk of being stolen. Can you tell which is the most trusted Wallet online available ?

i have all my btc in coinbase cold storage as coinbase seems to be a very popular option i thought it might be safe. i hope it is Cheesy
hero member
Activity: 2548
Merit: 605
After I was scammed earlier, I try to keep the minimum amount possible in any online site and exchange. But still at some trusted sites I try to keep some 0.1 btc , but whom I trust a lot.
Yes we should divide out Bitcoins in different Online wallets to minimize the risk of being stolen. Can you tell which is the most trusted Wallet online available ?
legendary
Activity: 3808
Merit: 1219
Nowadays, I don't store anything in online exchanges. But when I started collecting my coins, I used to store the entire stash in my BTC-e wallet. But then Bitcointalk users warned me against holding my coins in exchanges, and I gradually moved them to offline storage. A few days ago, I bought a few LTC by exchanging BTCs. That was the last time I deposited Bitcoins in BTC-e.
hero member
Activity: 1148
Merit: 527
After I was scammed earlier, I try to keep the minimum amount possible in any online site and exchange. But still at some trusted sites I try to keep some 0.1 btc , but whom I trust a lot.
hero member
Activity: 826
Merit: 1000
if the exchange sites that are very reliable way you can save 50% of your money in the exchanger. I thought no more of it. possibility to cheat sites could happen. remains cautious.
extremely right, keeping balance in exchange account is too risky. I never keep my balance in exchange account. always cashout them in primary wallet, every time I want to exchange I deposit my money to exchange account. It takes only few minutes. Taking care is better then taking risk.
hero member
Activity: 998
Merit: 504
There is no hard and fixed rule of how much I usually can keep in each wallet exchange. But I never prefer to use exchange wallets as my saving wallet. The good ways is withdrawing your bitcoins immediately after an exchange if you do not have any plan of another trade.
You are right. Exchanges are not our wallets. Instead, You can keep all of your Bitcoins in single cold storage because its most secure. But if you want online some funds, then spliting them in different exchanges is the wise thing to do.
hero member
Activity: 658
Merit: 500
if the exchange sites that are very reliable way you can save 50% of your money in the exchanger. I thought no more of it. possibility to cheat sites could happen. remains cautious.
copper member
Activity: 2996
Merit: 2374
I have trust both coinbase and bitfinex with over 100BTC (which worked out to over 95% if my bitcoin at the time) and both were able to process withdrawals quickly. Coinbase has actually processed 100+ withdrawals almost instantly after successfully entering my 2fa code, almost at a speed that is scary and has me thankful that I triple checked the address I asked them to withdraw to.

In every case however I had (what I believed to be) a valid business reason to have BTC at the exchange and was able to capitalize on large price swings of the price of Bitcoin, so the risk of trusting them with so much BTC was not without (potential) reward. I most likely would not trust them with as much if I was simply trying to convert BTC to fiat.
legendary
Activity: 3024
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
There is no hard and fixed rule of how much I usually can keep in each wallet exchange. But I never prefer to use exchange wallets as my saving wallet. The good ways is withdrawing your bitcoins immediately after an exchange if you do not have any plan of another trade.
member
Activity: 76
Merit: 10
I buy on exchanges and then immediately send to a different wallet that I control.
sr. member
Activity: 252
Merit: 250
BetcoinRakeback.com
I don't keep any amount in exchanges since all the poor things that have happen in the past year with most of them.
So my answer is zero.
hero member
Activity: 1470
Merit: 655
i keep nothing on exchangers.
good or bad, i started using bitcoin in 2014-2015 which was after what mtGox did so i always think of them whenever i want to keep anything at any exchanger and stop myself.
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