Topic: What is the maximum amount you keep at a single exchange - page 4. (Read 3052 times)
I usually do not keep more than 0.2 BTC on an exchange. You should ask yourself what you can afford to lose in the event of a exchange close. 0.2 BTC is the amout I can afford. Some could more and some could less.
I used to keep everything at them, but now i just send in the BTC/else, exchange it and then get it back in my wallet.
before cryptsy went under, i used to keep up to 1BTC at exchanger in order to be able to trade fast and withdraw the rest.
but nowadays i will keep 0BTC at any exchanger, cause i don't want to lose any more of my coins.
but nowadays i will keep 0BTC at any exchanger, cause i don't want to lose any more of my coins.
I try to keep no more than 10% on an exchange while actively trading. Like others, I try not to keep coins I am not planning to trade in the next day or so on a exchange and will withdrawal them to a wallet for slow periods or if I will not be trading for awhile.
As Cryptsy has shown, even this strategy is not fool-proof, as I did have some BTC and DOGE get stuck on their exchange while trading and now it looks like they are gone. Fortunately, my doge holdings were fairly small on there, so I only lost maybe 1-2% of my total crypto holdings. If nothing else, the loss will re-emphasize the importance of the fact that no exchanges can be trusted and the coins are only safe once they are back in your possession. This "lesson" will perhaps keep me from encounter bigger losses in the future.
As Cryptsy has shown, even this strategy is not fool-proof, as I did have some BTC and DOGE get stuck on their exchange while trading and now it looks like they are gone. Fortunately, my doge holdings were fairly small on there, so I only lost maybe 1-2% of my total crypto holdings. If nothing else, the loss will re-emphasize the importance of the fact that no exchanges can be trusted and the coins are only safe once they are back in your possession. This "lesson" will perhaps keep me from encounter bigger losses in the future.
I don't keep any bitcoin at an exchange. If I by some from an exchange, I withdraw it to a wallet I control as soon as I am able to. I don't trust anyone else with it. If I'm going to cash any out, I send it in, exchange it and immediately send it to my bank account.
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?
what you mean "went kaput" ?? i never take a risk on exchange,so i just put about 20% of my funds on exchange,just for trade and other need. 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?
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?
Honestly, I actually do not trust exchange website. I mean, I do trust them. But there is no reason for me to store my funds in their non-safe online wallet even though it is less than one cent.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?
I usually have less than 1% of my total funds in an exchange website for trading purposes. (Not really into trading, though.)
100%. Otherwise impossible to trade with sell orders.
I did the same thing, 100%. I kept them in one exchange a week. 100% is less than 0,5 bitcoin. so it's not too risky I think. saving them in online wallet in a long term will be risky because of hackinh
probably 1 btc no more, but in the past i was holding more there but only if the exchange was not hacked before and stuff like that
I've kept 0.24BTC for around 24 hrs in a exchange in the past. It's very risky to keep any sort of amount on any of exchanges for longer than the time it's needed for you to exchange it. Base on what happened in the past (many lost their funds), no one should leave their funds on exchanges nowadays.
Oh thank you very much for the tip. I never realised this, but I never really keep my Bitcoin in an exchange anyway. 
In my case, this is actually %100 percent. But percentage of total funds being used on trading doesn`t exactly mean the person is a big risk taker. It has a lot to do with what you are investing in. I personally wouldn`t buy any altcoin that does not have huge volume on the market. So, it is less likely to make huge profit when you are not investing in a brand new altcoin which you think has a great potential in the future. I hope i explained my point clearly.
It's not so much about trading or not than about the exchange pulling a Gox on your ass. If the exchange closes and doesn't let you withdraw your money you're fucked (and yes, it has happened a bunch of times in the past).
For me, not more than 1 BTC for 1 week; not more than 0.5 BTC for 1 month.
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?
For me, I will not keep more than 0.5 BTC in exchanges. This is mainly because I do not actively trade BTC for profit. Most of the coins are transferred to Coinbase or cold storage (paper wallets).
You should not put a amount figure on here, the OP wants a perfect strategy based on percentages. I would say, never more than 20% depending on what you own. You could distribute the risk and
use more than one exchange, but it might even expose you to a bigger chance that one of them may pull a Mt Gox on you. If the exchange you are using are regulated, you have a smaller change of
getting Gox'ed. The old saying, " Never invest more than you can lose " still apply to trading on exchanges. Do not go all in... and you will be fine.
use more than one exchange, but it might even expose you to a bigger chance that one of them may pull a Mt Gox on you. If the exchange you are using are regulated, you have a smaller change of
getting Gox'ed. The old saying, " Never invest more than you can lose " still apply to trading on exchanges. Do not go all in... and you will be fine.
I've kept 0.24BTC for around 24 hrs in a exchange in the past. It's very risky to keep any sort of amount on any of exchanges for longer than the time it's needed for you to exchange it. Base on what happened in the past (many lost their funds), no one should leave their funds on exchanges nowadays.
anybody who has been trading for some time, or lost any bitcoin (like me) on cryptcy or couple of others who went down knows not to keep even 1 satoshi on an exchanger or risk losing it.
that is why whenever i trade i withdraw at the end of my session.
that is why whenever i trade i withdraw at the end of my session.
I keep almost half of my coin in exchange usually in bitfinex and i use 25% of my fund to do altcoin trading. And remaining 25% to use for daily use.
Wow. You have some balls my friend. I wouldn't really think someone would put that much into an exchange.
I keep almost half of my coin in exchange usually in bitfinex and i use 25% of my fund to do altcoin trading. And remaining 25% to use for daily use.
I'm not a trader but I have some accounts on exchanges. I basically keep nothing in my accounts, including sig earnings from Yobit. I buy some Dash with that and transfer some to my Mycelium wallet. After Mt. Gox and Cryptsy I've become justifiably paranoid about losing what I have.
I only keep about 10% of my Bitcoin in an exchange. I don't really trust exchanges with my Bitcoin.
Yeah. After the Mt Gox scandal, I only keep 5% of my Bitcoin in an exchange. I keep the rest in a trezor. Jump to: