Quote from: EarnOnVictor on Today at 11:01:55 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?

As a businessman in cryptocurrency, it will be so senseless for me to store all my Bitcoins in my non-custodial wallet, nonetheless, I have the majority of my coins there. Also, if I am making so many gains with my trading and investments, I send more to my non-custodial wallets and it has been so easy for me. This is against what I do hear that it is so bad to have any asset in the custodial arrangement, but what about the business around it that the self-custody and even DEX cannot offer you? That is good for those who cannot maximize their earning potential with Bitcoin with what they know and rely only on what the HODLing of the coin can offer them alone.

I will continue to do my style even as I use the Bitcoin-USDT transfer often within the exchange with low fees depending on the market condition and my disposition which has always helped me rather than discouraging me unlike many here would want people to believe.

That depends on each investor. It would be a lie for someone who is a trader to say that they always store their crypto assets in a non-custodial wallet or always withdraw all their bitcoins to their wallet at the end of the day. But if someone has no intention of short-term trading but just wants to accumulate and hold for the long term, storing their bitcoins on exchanges would be the stupidest idea.

For me, long-term portfolios are always stored in hardware wallets, and part of the capital used for short-term trading is stored on centralized exchanges. Risks are always present when we leave money on centralized exchanges, but to be able to trade and make profits, we really have no other choice.