Is it possible to have two separate wallets for BTC inside an exchange? - Trading - CryptoTalk.Org Jump to content
Brushless4500KV

Is it possible to have two separate wallets for BTC inside an exchange?

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I'm the kind of trader who prefer to do both short term holding and day trading at the same time to increase my profit. My problem is that I want to divide my investment and invest half of it for holding bitcoin (for a few weeks) and use the other half for trading daily with bitcoin. I want to have separate wallets in exchanges so that my profit from each trading style doesn't mix with each other. I want to know exactly how much I have earned from each method because this way it will be easier for future performance analysis. I know we only have one BTC balance in most exchanges. If you know how I can create a separate wallet inside an exchange, explain about it here.

Edited by Brushless4500KV
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There are exchanges that support multiple wallets and I think that on binance you can have more than one account. Some exchanges give you the option to open a new wallet as Kraken does. Although I would recommend to store your "hodl" position in a hardware wallet for more security. I am sure that you are experienced enough and that you know the risks involved with holding large amounts at any exchange. Prices vary between 50-70$ and I think it is important for securing your investment.

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4 minutes ago, teminalibug said:

It depends in what exchange you are at, but exchanges u have been at none has that feature. In my experience of trading  it is not a necessary feature.

Currently, I only trade with Yobit. It lists the coins and wallets for me but I didn't find any option to create separate wallet for different type of trade. It is necessary for me because I want to separate my short term and long term profit. I don't want to HODL, I just want to hold for a few months or weeks. I trade with my bitcoins and I earn it through posting. It would be better if trading profit and earning from posts would accumulate in separate wallets.

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this is an interesting one but I do think that it's miles one trade warm pockets kind in step with person on any exchange. you could of course have a buying and selling wallet and a deposit wallet however do now not assume that is what you're after.

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Perhaps, but on rare exchanges. I advise you to use one type of wallet for exchange per user on any exchange. Or you can divide your balance into different exchange wallets, if your one account is hacked, then the other account is safe.

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I think that Yes, this is possible, if for example to agree somehow with the technical support of the exchange so that they make you a second wallet for your bitcoin

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What you are looking for does not exist and you cannot create two wallets in one platform and for this you must either store your bitcoin in an external wallet and keep the bitcoin you want to trade with or open another account


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Its absolutely possible with blockchain wallet. Just login to your blockchain wallet or visit their official website to create account there, then after login just click settings in your profile account and click wallets & addresses then click import new address. There you will be able to import your other bitcoin wallet to blockchain wallet and you will be using two btc wallets in one exchange. You will be asked to put the private key for that wallet address and after there you can use it to do anything in blockchain just as a normal wallet.

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Why you want to separate wallets for one exchange if you needed two wallets then try to used two accounts of same exchange this is the only way for which you got two wallets for same currency and same exchange two separate wallets. Enjoy your trading in crypto market. 

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you can't divide you balance within 2 different wallets using only one exchange account. so just keep the count manually, for example.. if you have 2 btc and you want hold 1 btc and trade 1 btc then to see if you made profits or losses you just have to remove 1 from your balance.

or you can withdraw the amount you want to hold and put it into your personal wallet and send back them to the exchange whenever you want

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29 minutes ago, Rickso said:

you can't divide you balance within 2 different wallets using only one exchange account. so just keep the count manually, for example.. if you have 2 btc and you want hold 1 btc and trade 1 btc then to see if you made profits or losses you just have to remove 1 from your balance.

or you can withdraw the amount you want to hold and put it into your personal wallet and send back them to the exchange whenever you want

I want to trade differently with one coin inside the exchange. I have some bitcoin. I want to trade daily with half of it and trade weekly with the remaining. I don't want to put it to my personal wallet because I have some bitcoin in my wallet just for holding. My problem is that all my profits will be mixed together and I can't calculate how much I have earned from each trade. How do you solve this problem without removing your funds from the exchange? I don't want to keep depositing and withdrawing because I have to pay extra for fees.

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I don't think any exchange offer two wallets. But i will suggest you use the wallet app for holding bitcoin. And use exchange for trading bitcoins.

Coinbase is exchange site which offer it wallet app. You can transfer your bitcoin free from your exchange to wallet and wallet to exchange. 

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to best of my knowledge there is no exchange jn crypto field who offers you to create two accounts for holding or storung the btc wallet.only you can create a songle account into any exchange or wallet.but here i wanna suggest you to create two different wallet and exchanges accounts for storing the btc for your safety

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We can't keep more than one btc wallet in one exchange as per my knowledge but yes we can have multiple wallet addresses on different online crypto wallets like trust wallet but not on exchange.

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I don't know about this question but you can ask this question in coustmer support on website or you can also ask your problem in official telegram group 

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13 hours ago, DoboniAyuuii said:

Not that it will be difficult but it is not possible at all. It I one wallet for one account. Even, why another wallet when you one exchange account support many coins and also you can change addresses for each transaction. 

Which exchange is that, I haven't come across any of them, one the them is coin exchange which was shut down a long time ago. It is an exchange that can change your address and that is base on request.

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6 hours ago, DoboniAyuuii said:

@Lover840 I make use of hitbtc, you can change the address as you like for any coin you choose. And I often change address if I want to send into the exchange and also when sending coins. 

There are many excuses that someone can change address, I know hitbtc for this too but I do not think Bbinace can do such. 

6 hours ago, Lover840 said:

Which exchange is that, I haven't come across any of them, one the them is coin exchange which was shut down a long time ago. It is an exchange that can change your address and that is base on request.

It is true, I am using hitbtc, I can change my address but I am not using the exchange like binance. So, I changed the address just now on hitbtc but I have not use it for another transaction but the address changed. 

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17 hours ago, DoboniAyuuii said:

@Lover840 I make use of hitbtc, you can change the address as you like for any coin you choose. And I often change address if I want to send into the exchange and also when sending coins. 

I know of hibtc it was a very old exchange and also I haven't used it for once. Then you might be saying the truth. But does they address change automatically after each transaction?

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In this case, you will rely on regular portfolios, even though you will have to pay some fees for the process of sending currencies. Although it is better to leave them on one of the platforms even though it is considered a risk as well, some fees will be deducted for every transaction you make as well. Wherever you are adopted, you will find such a simple problem


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I don't know how you can have two wallet in one exchange platform I don't think is possible except  if you can store your wallet in different wallets

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On 4/5/2020 at 1:41 PM, Brushless4500KV said:

If you know how I can create a separate wallet inside an exchange, explain about it here.

Creating a separate wallet inside an exchange is not possible and it's better to create personal wallets outside the exchange if you need more wallets,that's my point of view.

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4 hours ago, George10 said:

Creating a separate wallet inside an exchange is not possible and it's better to create personal wallets outside the exchange if you need more wallets,that's my point of view.

Wallets outside an exchange will not come in handy because for every trade, you have to move your funds into the exchange which is time-consuming. When the wallets are inside an exchange, the trading with two different styles will be much easier because you buy and sell directly from your wallets without having to pay extra for fees. It seems that there is no way to create more than one wallet for each coin inside an exchange. So, I have to manage my funds in one wallet in some way. One solution is to write down how much of the funds is related to short term and how much is related to other trading styles.

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I do not know any kind of exchange that provides more than 1 unique wallet for your transactioned currencies.

 

The only thing i know is that you can have multiple addresses for the same wallet.

 

For example i know from Blockchain and Coinbase exchanges that you can create multiple addresses within a single click but not more than 1 wallet for a single currency.


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This is a really important question, my friend, I do not quite know if there are exchanges that support the existence of two different wallets for the same coin, but you can use an external wallet such as Atomic or Trust where you can store or trade as well, or you can follow the method I used in such a case , Where I give my orders to sell half the amount of bitcoin, for example, at a very high price, for example 20,000$, and therefore this section of bitcoin remains suspended in the orders, and you can work in the other section. I hope you like it.

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I have not seen any exchanger that provides you with several bitcoin wallets, and for this matter, it is not possible only for the wallets that provide you with that

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