Post
Topic
Board Beginners & Help
Re: Withdraw from exchange straight away or at a threshold
by
OmegaStarScream
on 09/01/2021, 15:34:53 UTC
My question to any others buying the same smaller amounts, do you wait until you hit a self decided amount (say £50) then withdraw to cold storage? I'm mindful of multiple fees from transferring it after every small purchase on the exchange. I know its a risk leaving money on the exchange but I figure risk of loss up to £50 with a reputable exchange like Binance is acceptable to save on transfer fees.

I guess it would be fine to keep small amounts but why not just use a fiat exchange instead and get your funds directly deposited to the cold storage wallet?