Quote from: Nwada001 on January 06, 2024, 12:33:15 AM

Quote from: BTC_Dragon on January 06, 2024, 12:28:49 AM

Does anybody leave a percentage of their BTC on the exchanges, or do you guys store all your BTC in your wallets, etc?

Exchanges are meant to be used for treating coins, not storing them, so there is no point in leaving them in an exchange.

If I use any centralised exchange today to buy bitcoin, the only purpose for using that is to buy it, and that's where its service ends. Storing it is my personal responsibility, so I move it to my private wallet (self-custodial wallet), to be precise.

I don't leave bitcoin in any exchange, but I leave some funds in some exchange as a result of me using them to place a buy order, which I don't expect them to execute at that very moment. Only those funds on an active order are what I leave in an exchange; the rest of them are moved down to my private wallet.

Not your key, not your coin.

It's safer to store it in your wallet, where you have full control over it, than to keep it in a place where anything can happen at any time, such as fund freezing, hacking, bankruptcy, etc.

It is really that always be on which it would really be just that right that people shouldn't really be treating up those exchangers to be their long time wallets. Only noobs who would really be having this kind of consideration and this is why on the time that there would really be some exchange hacks and exploits then this is where they would really be that making searches that storing coins on exchangers are non suggested.
Yes, they do make out those realizations but it is really too late and this is why it would really be that always best that you should really make yourself wary as early as possible. The only issue when you do make
those active transfers from exchange to your main wallet is that into those fees, people would normally be trying out to save fees as much as possible and this is why they dont make those active
transfers just for having that kind of saving up for those things specially now that even on Bitcoins fees were high then it would really be that just a waste if you do make out some active transfers.

This is why i do only store up into those coins basing up on what would be i trading. I dont put up 100% of my coin holdings into an exchange but rather i would really be just
storing or transferring coins which are really that bound for me to make use into trading or something that i would really be making out those active buy and sell
on which i dont need on keeping transfers.