Exchanges without using wallets

[guatazoo 7150]

On 12/29/2020 at 5:26 PM, selfmade said:

Actually you can move your coins from one exchange to another and skip using wallets and you can cashout your money within an exchange.

Although you can move your money from exchange A to exchange B, but this is not advisable to transferring money between different exchanges, because the transaction might be in danger of getting hacked. 

[ShiNorton 906]

IMHO, exchange without a wallet can't be possible. You see many centralized exchange sites which have wallets for many currencies. DEX exchange sites also require different wallet connections to exchange your coins. In crypto world exchange needs wallets friends.

[Abdulrahman3 1252]

If we think about the function of the platforms, we will know that it is a middleman, and one of the qualities of a successful trader is to reduce the number of brokers, so is there a way that we can trade cryptocurrencies without the need for platforms? In order to reduce the commissions we pay during transfer and withdrawal, and thus increase our profit.

[Syedbesharat 5423]

On 12/9/2020 at 9:33 PM, guatazoo said:

In crypto world we are making profit when we depositing money to them and trading through them, and those exchanges must use cold Wallets in order to keep our funds safe, so I want to know is there have an exchange that storing money their own without baiming of cold Wallet. 

The exchanges have big amount of crypto currency their for they must save their funds in cold storage wallets for prevention of hacking attacks a few days back a big exchange also hacked by hackers thankfully the exchange have the half of the funds in cold storage wallet and they close all the deposit and withdraw funds for customers. So all our funds exchanges are keeping safe by placing them cold storage wallet. I also do this and use low amount at hot wallet(online /exchange) wallet. 

[Bitpapacoins 61]

What is exchanging? The act of trading, the act of changing one item for another. If I have a friend, he has litecoin and I want to buy some amount of litecoin with bitcoin, I can dialogue with him to let me buy from part of his litecoin he want to sell. If he agreed and I bought it, it is also an exchange without making use of exchange platforms. 

[Edwinvicky 819]

No matter the transaction we perform in crypto we definitely need a wallet either from a second party or third party. In all we need a wallet for transactions and could be generated from any parties. You the first party may not need own wallet but the receiver (second party) and sender (third party) need wallet.

[Malikjnb 1235]

I think there are many exchanges where you can save your coins and tokens. But if you want to change your currency then you need  to use a good wallet. I think if we don't use wallet then we can loss our money. I don't know about this exchange who have their own wallet.

[SuperCrypto 7193]

This is not true my friend, storing money in a cold wallet will freeze these funds and no one will be able to use them, cold wallets in hardware are completely separate from the Internet, so no one can buy, sell, or even benefit from them, cold wallets are just for storage.

[Yaabu 80]

As I would like to think, utilizing wallet is an extremely free from any danger in the event that we don't utilize wallet,  misfortune could come to our cash with no reasons so we should utilize wallet to make sure about our cash safety.

[Ayham7daoud 463]

 There are decentralized platforms that you can link the wallet to and carry out the trading process without the need to transfer your money to the platform. These platforms are safer, so you need the wallet necessary to do the trading process. 

[M.Asif 499]

Yes it's possible, many physical and local exchange's are available where you can exchange your funds without storing to any cool wallet. These are very safe wallet for global exchange's. Like uniswap is exactly the right way you need to do. You can also find many others for your exchange's.

[Zotac Rx470 27]

To make any kind of the exchange like of the Crypto currencies we always need  the help of the exchangers for making the exchange. So, without any kind of the exchange I think the possibility of the trading becomes zero.

[Raqeebzy 6456]

22 hours ago, Jovic said:

Thanks for sharing this interesting information with us mate, I actually never knew whether we can make an exchange without a wallet, the topic seems confusing to me though but with your post, I have actually understand a little.

By physical exchanges, I meant P2P BTC/Crypto physical stores. In such, commonly there is just crypto-fiat trades more than crypto-crypto. The seller and buyer can agree on a rate as due. Less risky compared to on exchanges.

[teebasas 3018]

Really, you can transfer your coins from one exchange to another without having to use wallets, and you can cash out your money within the same exchange.

[Alan Johns 258]

We should always store our crypto funds in our wallet and Never leave then in any exchange site as it is always risky to leave your crypto funds in exchange sites as exchange sites could be hacked and you can lose all your capital so store them in wallets.