Bitcoin Forum

Using more than one trading site utilizes greater power than relying only on one. It has security reasons since if one of them gets DDoSed and you have funds elsewhere too, you probably are good with your trades. But it also adds new tactics (such as arbitrary trading). What are the trading sites you usually use in relation with each other and how?

I use poloniex and bittrex because i am more comfortable in using them because if poloniex goes slow down a little bit i continue trading in bittrex because almost of all the coins in poloniex are in bittrex so it is not that complicated to adjust and i can completely earn money without wasting anytime in waiting for poloniex.

with big exchanges that have enough liquidity you won't find any arbitrage opportunity for trading and making any profit, the trading fees and also the liquidity will kill any arbitrage case.
and smaller exchanges don't have enough liquidity or security in most cases to be even considered.

and i personally prefer focusing my attention on one place, and that is bittrex. they may have been DDOSed but i never felt it as much as people are experiencing it on polo.

I believe almost all the crypto traders are maintaining accounts with more than 10 exchanges for various reasons hence trading one single coin on two exchanges are very common among this community.

As I am always withdrawing my capitals immediately after closing my trades so I never bother about down times of an exchange.

Yes, that is a very good advice, thank you!

Now, my question to those who said were exchanging on several sites:
How do you interact with so many sites? Do you use any automation or just "click-fighting"?

Before im using c-cex to yobit and do arbitrage trading when coins of each site have great difference on alts price but suddenly my trust on yobit had quitely been reduced since i've seen that their are so many errors occuring unto them thats why i select to use some multiple site wich is reliable on their security and trustable to handle time to time trades and those site are poloniex,bittrex and c-cex.

maybe i will add liqui later on since im quitely following their tracks on this business.

Yeah that's good to withdraw capital once after making trade and profiting. Being in a third party website seems risky, because in the past several such incidents have took place with the exchange websites. But these days most of the exchange websites were trustworthy and even at times of site down notifications were provided to avoid fear and gain reputation from the users.

can you share some of the names of these altcoins with you did arbitrage trading with on yobit?

because for a long time now, i have been watching many different exchanges and whenever it comes to yobit and some profitability on an altcoin, their wallets are in maintenance mode which means you can not deposit or withdraw the coins so there is no point in them having a different price!

that is why i am curious to know what were these coins that i missed and you did successfully trade using arbitrage. maybe i need to modify my bot a little!