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Title: Always lose money if you go FIAT--->GDAX-->Binance ? Post by: avarma2 on January 19, 2018, 06:04:51 AM I buy LTC at GDAX for $190.. I send it over to Binance - where it is worth $180 (cause binance always has lower prices due to higher volume). I ALWAYS lose $10 per LTC!
Same for ETH and BTC. I have NEVER encountered a scenario where this was opposite - or even balanced. Since Binance will not allow FIAT deposit, so I have to go to GDAX first So, it seems one does not get a 'fair' price on Coinbase or GDAX. One pays a premium. So - you have to first recover the $10 premium before you start making a profit on your crypto. The price difference is shocking! Am I missing something? Anyone have a workaround? Title: Re: Always lose money if you go FIAT--->GDAX-->Binance ? Post by: TryNinja on January 19, 2018, 08:00:08 AM GDAX and Binance are two different markets. So they will obviously have a difference in their prices (different/higher volume like you said).
And correct me if I'm wrong, but if GDAX price is higher, why would you lose anything if you are selling for a higher price (same price as you bought)? E.g: If you buy $190 at GDAX, send to Binance (worth $180), profit 5% ($180 + $9) and back to GDAX ($190 [since GDAX price is higher] + $9), wouldn't you receive the same initial amount (+ profit) as GDAX price is always higher? I don't think there is any workaround as this is exactly how markets work. Title: Re: Always lose money if you go FIAT--->GDAX-->Binance ? Post by: btcguruitaly on March 26, 2018, 02:42:25 AM I use binance (https://www.criptomania.it/investire-in-criptovalute/binance-exchange/) to make transcation only inside the exchange. To buy bitcoin and save commissions I used this guida (https://www.criptomania.it/guide/come-acquistare-bitcoin/). Then I use other exchanges where I can use credit cards or bank wires.
GDAX and Binance are two differents things and they cannot be compared. With GDAX I usually save on money transacation though. |