Question about buying on Exchange...

Hi everyone,

I wanna buy some cryptocurrency other than Litecoin, Etherum or Bitcoin. I'm gonna use GDAX and Binance. But I'm wondering If Ikeep my crypto on Binance am I automatically trading?
Because I dont want to trade I just want to keep them for some time (might be weeks, months...)
Hopefully my question was clear enough.
Thank you very much for your answers and time.
Merry christmas everyone!

Binance only allows trading. No USD, so once you transfer coin to binance wallets, it's on there and will move with the price just like if you owned the coin at any other exchange.

waterworks said:

Binance only allows trading. No USD, so once you transfer coin to binance wallets, it's on there and will move with the price just like if you owned the coin at any other exchange.

Click to expand...

I see...so I have to be quick with moving my coins to wallets once I buy them on Binance....
Do you know some multifunctional desktop wallet so I dont have to install for every coin its own wallet?
Anyway thank you waterworks!

I use Nano Ledger S for the coins it supports.

I don't like to leave anything on exchanges but sometimes if I know I'm going to buy/sell quickly, then I'll leave it, make a buck, trade for ETH, then send that ETH back to GDAX and convert to USD. It's a pain but it works. I only play with a relatively small amount and pull my profits back to my bank account.