Cryptocurrencies in exchange wallet

[Munareal]

Do you hold  your cryptocurrencies in trading exchange wallet when you are not trading?  What is the ideal period to keep them in exchanges when not trading with them

[altcoingamer]

Do you hold  your cryptocurrencies in trading exchange wallet when you are not trading?  What is the ideal period to keep them in exchanges when not trading with them

Yes and no, depends on the size of stack and the type of currency and how I can interact with their wallet... it kind of also depends on your experience level and your hardware (ie do you have a cold wallet and how secure is your trading environment (aka PC).. I'd say keep it on exchanges if you are new and stacks are small, if your stacks are medium to large I'd keep what you will readily change possibly on an exchange, and keep everything else in a wallet.. but make sure you only use paper wallets or cold storage like ledger nano or trezor if you're gonna hold your tokens at all without exception.   The reality is most exchange security is gonna be safer than noobs without any knowledge of storing tokens themselves but the best practice is keeping them with high levels of security and knowledge.

[Synvc]

To avoid shipping costs, I certainly did that. it's just that tightening the security of the account just so it's not hacked by people

[cryptothief]

Yes and no, depends on the size of stack and the type of currency and how I can interact with their wallet.

I agree with this, it all depends on how much you are holding, although I would suggest a cold wallet should be an early investment for anyone. You can pick one up for under $100 and whether you use it straight away or not, it's good to have. If I am trading a coin on a regular basis, I don't bother shifting it out from the exchanges unless I get above my (self imposed) threshold, as profits can be wiped out quickly with withdrawal fees. Some exchange's withdrawal fees are ridiculously high for certain coins, so much so that it is sometimes worth trading into a different coin just to make the withdrawal. Always check what the fee is before withdrawing.

[Speaker]

On the exchange you need to keep a small amount of coins to trade.If you are an investor and invests for a long time-you do not need an exchange.Keep on cold wallets.Otherwise, you can lose a lot.

[Zed0X]

Do you hold  your cryptocurrencies in trading exchange wallet when you are not trading?  What is the ideal period to keep them in exchanges when not trading with them

There is no ideal period in keeping them in exchanges. If you have no plan to trade your crypto, simply withdraw them to your personal wallets. Don't risk it.

[Speaker]

There is no ideal period-but the less they will be on the stock exchange, the better.Exchanges are designed for trading, it is dangerous to store them.For storage, there are cold wallets.