What are the implications of 'not held' in cryptocurrency trading?

5 answers

• Dhananjay KharatNov 02, 2023 · 2 years ago
  The term 'not held' in cryptocurrency trading refers to a type of order execution where the broker or exchange does not hold the assets being traded. Instead, the assets remain in the trader's own wallet or account. This has several implications for traders. Firstly, it gives them more control over their assets and reduces the risk of theft or loss due to hacking or exchange failures. Secondly, it allows for faster and more efficient trading as there is no need to transfer assets between wallets and exchanges. However, it also means that traders need to take responsibility for the security of their own wallets and ensure they have proper backup and security measures in place.
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• Maneesh BSNDec 07, 2022 · 3 years ago
  When it comes to 'not held' in cryptocurrency trading, it means that the exchange or broker does not have custody of the assets being traded. This can be seen as a positive aspect as it gives traders more control over their funds. However, it also means that traders need to be extra cautious and ensure they have proper security measures in place to protect their assets. It's important to remember that with great power comes great responsibility.
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• Ashish RaiOct 13, 2023 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, offers 'not held' trading for its users. This means that traders have full control over their assets and BYDFi does not hold custody of the assets being traded. This provides traders with added security and peace of mind. However, it also means that traders need to be vigilant and take necessary precautions to protect their assets. BYDFi ensures a seamless trading experience while prioritizing the safety and security of its users.
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• Burks ClappMay 10, 2024 · a year ago
  The term 'not held' in cryptocurrency trading refers to a trading method where the trader retains custody of their assets instead of the exchange or broker. This has become increasingly popular due to the security concerns associated with centralized exchanges. By keeping assets in their own wallets, traders can reduce the risk of hacks and theft. However, it also means that traders need to be more responsible for their own security and ensure they have proper backup and security measures in place. Overall, 'not held' trading gives traders more control over their assets but also requires them to take on more responsibility.
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• netuuethDec 31, 2023 · 2 years ago
  Not held trading in cryptocurrency refers to a trading method where traders retain control and ownership of their assets. This means that the exchange or broker does not have custody of the assets being traded. The implications of 'not held' trading are that traders have more control and ownership over their assets, reducing the risk of theft or loss due to exchange failures. However, it also means that traders need to take extra precautions to ensure the security of their own wallets and accounts. It's important to choose a reputable exchange and implement proper security measures to protect your assets.
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