Bitcoin Forum

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

How about posting a summary of what you blog says. I tried to click the link that you posted but upon looking at your blog post its too long. Much better if you can post a summary here so other readers will have an idea what you are talking about and they will visit you blog. There are people who doesn't like being routed to another site or clicking links that will you to another site.

I agree with you. The author should describe his research in this thread. I trade on Binance and I am especially interested in what makes me earn more on this exchange. Maybe due to the fact that they trade in a pair with BNB and pay a minimum commission?

Every exchange has its very own peculiarities that makes it different from others,and this are in diverse areas

Talking about earning additionally,i really can't come to grasp with that,and considering the fact that I've traded with binance and still do

Just like someone ahead states,the link takes up out and it's long,an abridged version on this thread would enable us to act upon your statement

According to the chart, it is just as you say but the number is not much difference than what they spend. I think the problem here is that Binance's low transaction fees make it a little bit better than Bittrex. In addition, there is nothing remarkable.

This isn't at all surprising given the high volume on Binance, there's just more scope for profitability. Couple that with an attractive fee structure compared to some competitors.

The trading platforms won't give any big profits to you so we can't say the traders from the exchange are making more profits than others.The one who can buy and sell at the riht time will make more profits and one who can predict that before it happens are more lucky.

You mean Binance has a Trading volume larger than any other exchange?

but if in my opinion it depends on the person to use, because if the way of trading is not appropriate for sure to get a good profit is difficult, so it all depends on how the person trades

Not only it is because there is more volume on binance but also fee is lower than anywhere else, definitely more than their biggest rivals. If you do enough trading eventually the trading fee makes a lot of difference combined.

For example, bittrex has 0.25% trading fee flat, no maker taker type of deal which means if you do 4 trades in general you give away 1% of your money right away. Whereas binance has a 0.1% fee structure if you use bnb for your trading fee and that makes it 10 trades before you reach to 1% given away. That means you can do 6 more trades for free on binance compared to bittrex.

Now that doesn't mean you will definitely profit in one of them and lose on the other but like I said earlier if you do enough trades the difference becomes bigger and bigger over time and eventually becomes visibly large.

making profit does NOT depend on the platform or its liquidity unless the liquidity is too low that the market is considered dead.

making profit for a trader ONLY depends on their experience in riding the market and nothing else. you only want a liquid-enough market so that it can eat up your orders without changing the price and that is true about most top exchanges and is not exclusive to Binance only.

Sure, person to person it does. Some people may not be profitable on Binance but they are on bittrex for example. But on average people are going to be more profitable in a market that has a better fee structure and offer more opportunities for trade due to high liquidity.

For daily or regular traders fees is very important and if this is the minimum as compared to the other exchanges then  daily add up a good amount at the end of the month . So today we have so many people who are doing this full time and some credit goes to binance which is making it possible .

That is nothing to be surprised of since binance always getting the number 1 spot in trading exchange volume and also one of the most reliable and secured trading platform because of its promotions being offered to its users. There were also thousands of binance free and paid trading signals so that might also one the reason why there are many traders preferres using binance. For me, their trading tools is very user friendly and also collects favorable trading fee so that's a thumbs up for me.

Just tell us that you need to generate traffic for your blog, than saying what you know nothing about. Your success in trading has nothing to do with exchange you’re trading on. A good trader knows that the only thing that matters most is their skills and not the exchange you’re trading, as long as you’re skilled you can make use of any exchange.

I don't see any worth in your post, what do you mean exactly? If you're swing trader I believe that's fine but where's the calculation or education that I can use to grow up my skill and asset?. I suggest you to fix your post because read and understand your post wasting my time.

After starting trade in binance I also noticed that I am earning more on that exchange then others. According to my views the reason is that it has lesser fees of trade and it has a high volume of trade on all the coins which make us convenient to get faster profit.

maybe that's what the OP means, traders at Binance make trading volume greater than the trading volume on other exchangers.

It's something that is oftentimes overlooked. I noticed it myself quickly in my earlier days of trading. When trading small margin in high liquidity margins I would sometimes have a daily trade volume of 20 times or more my entire balance. That was on bittrex which meant I was paying 0.25% of that 20 times which came out to be 5% per day. When transitioning to binance this was instantly lowered to 2% and even lower if using BNB for fees. That 3% a day really adds up over time.

I think it's because, in binance, traders don't have to pay a high fee on the transaction and besides that, binance have a large coins list so traders can have many options to trade. I heard that in binance, we could see a time to pump for one or more coins so this will be a good chance for traders to get more profit. But I don't get that time because I was always late to see the pump is coming, maybe later I will try to online on binance so I can get my chance to see the pump.

Because Binance also has more money changing hands.

Better, and easier trades, whether you are buying or selling, come in an exchange with more liquidity and volume.

You could really make a good profit from Binance since it has the most volumes for all the traders in all over the world. And it has also have a lot of coins to trade with.

I went through your article and it is Nice. but are you suggesting we should give sure action a try. i know that binance happened to be one of the best exchange currently in cryptocurrency. just like the days of poloniex and bittrex. they have huge number of traders so it is possible that traders will make more money in binance than other exchanges. with high trading bring high liquidity.

Seriously ?  What if i told you that no one is making a profit from trades right now ? You know and we all know that the market of cryptos is not always in good condition and that also means that we can trade our coins because we willl only loose if we do it . 

Its not about the volume of binance that can give you a profit but its about the status of the market mate.  Please keep that in mind .

- Agree that binance is a large gathering of whales and large investors, and of course, with such a large number of people, the opportunity to invest and make money is always generated, that is one reason why binance traders can make more money. But that's just an extra reason, the main reason is still in the traders, because the traders here are always exposed to a lot of different situations, a fierce battlefield, their skills and experience are always upgraded every day, they need to achieve that to survive and there is nothing to be surprised when their income can increase over time

that's right what you say, so that traders who use binance are so many up to now because the velocity of money is very fast and has the most volume than any other place

in my opinion it's better if you mention the summary that you mean, not directing people to visit the blog that you created because it will take a long time, if people are interested you will definitely visit the blog that you created.

It's not the velocity. It is the volume of money going around, and changing hands. There money in an exchange, the bigger the trades you can do because the liquidity can take it.

Try trading with a $100,000 account in Cryptopia, see how you do, and compare the same trading in Binance.

This is because many traders are trading at Binance right now. High volume more traders make it profitable but I don't agree with what you said. Only whales are making more money here and not the normal traders. Those who are pumping a coin are those who are making more money than us. One more, its how the trader is trading and not the exchange. I can go to another exchange and make profit compare to binance but I'm not a professional trader.

It is related to Binance itself. The price of the coin/token listed in Binance increases by at least 50% and if ready-made traders get the listed coins and sell it after 10 minutes, it can be profitable.
Example I have never used Dobitrade, one of the tokens that is in mew was listed there and the price went down 500 times, although Dobitrade is on the 5th. Afterwards I understood that 98% of the volume consist of EOS, ETH and LTC.

Well according to the blog you had stated there, I could say it was informative but honestly, its not clear to me about the details you are explaining about the chart, just all I know that most traders now are really aggressive to use binance exchange compare to any exchange in the market.

I have problem with the subject , how would you say that?
You can say that if you have investigated about all exchanges and compared them , have you?
besides binance is big yes but it doesn't mean it has the biggest volume of all of the coins and tokens , for some of the coins and token it is not even in top 10!

This is a real reason, why they entered the big trade at binance. they found a lot of movements because the trading volume was very large.
many big traders there and transactions are getting more attractive. this becomes an important part every trader must choose an exchange that has a large volume.

Maybe OP is little bias to Binance but binance has a bigger turn out also. It depends on what coin/token you are trading  in my opinion. Binance now is very popular among traders and whales , its possible as what OP allege.

Even though you say if binance traders make more money than other traders, but this is not all. Because I am sure that most of them will surely suffer losses, but not mentioned in the article. Because every altcoin price on the exchange will always follow even though there is a timeframe difference, so I think trading on any exchange the results will remain the same.

Normal thing. Why?

When we do look at on the current position of Binance compared into any other exchangers then we can definitely say that there would be more traders that do make more money
than on other exchange. Just basing on the volume you can able to figure it out directly.

That is quite a lengthy post with no direction at all. I got lost reading it from the start. However, in my own opinion as a trader, and most especially when you are a high volume trader, I guess it is obvious that with low fees, and high trading volume on the exchange, you have an upper hand, and that is one thing I know binance really do have as an edge over other exchanges that charges more in terms of trading fees.

Profitable or not wil be according to trading plan and risk management of each trader. Binance become the best exchange to trade crypto because offer best liquidity with high trading volume, low trading fee and listed only good coins. Many coin that listed on Binance become biggest gainer but not possible all trader can make that profit.

no trade is profitable if we don't understand the market.
so the most important thing is to master price movements first and understand where business people invest their capital, because this is very influential on prices in the future.
so we are not controlled by the market, we are, but we must be able to control the market.
this is the key to our success in trading.

Good point, however Binance as other has stressed, has low transaction fee which attracted a lot of traders, not just experience traders but even newbies to get their hands dirty on trading and try to learn the tricks and tips on how to make money out of it. Plus no mentioned the customer support Binance has, its top notch that's why lot of traders go to their platform so the chance of making profits is high as well.

Ya thats true. High volume and movement and fast transactions make trading easier. And of course it will be fast to make money if you get a profit.

For sure those traders in binance have a huge funds to get it in, Because binance is the most #1 trading platform for all exchanges, for sure Rich traders and investors Like binance a stable exchanger for all.

Any exchange isn't stable at all even if its on top tier doesn't mean that it would be already fixed. Take a look on what happen on Bittrex and Poloniex were back into its glory days.
Top exchangers do have top volume which it would be just normal to say that profitability would really be there just basing up on volume and volatility of prices.

The trader who will use BNB token to pay for the fee could profit more from their trades if done right. Its what BNB tokens are for, cheaper transaction fee.
If you can't afford to trade TRX where transaction fee and lose more than 100TRX for the fee then BNB will be your way to accumulate these tokens.

all exchangers cannot determine whether the trader can get a lot of profit or not, it returns to the traders' ability to analyze trades.
it does not mean binance makes it easy for traders to get money

Not like that if any people have got talent in any business they can make lots of profit more than the normal people because they are spending lot more time to get more profit so all paper trading we give profit whether you are working hard.

For what I like in Binance is that once the token you have in there, it is definitely sure that token will upside down, where you can apply day trade easily due to its price was too movable. And there is big possibility that the token will bounce most often I think, though I'm not often making trade in this platform.

Higher the volume will definitely help anyone as even with the small movement though small gain could be made and doing this over again and again during the day, you will see you have made some decent profit finally at the end of the day.

Playing on the price difference doesn't approach to every trader, only for big amount ones, cause of the transaction costs and exchange also.

Dont really know what is this for but I will waste some time to answer this.

Look, they might be creating more money than anyone in this crypto space but for exchange of what? A higher risk is always by their side and a lot of money is needed just so they could feel the profit. Unlike Hodlers and other types of users in the crypto space, risk is there but not to the extent like you might get zero in an instant.

I think the number of coins listed in Binance is also a reason for traders to earn a lot in this site. Traders have a lot of coins to chose from. On top of that is the volume, volume makes trading in this site more exciting because with high volume, the price movement is fast so those who are good in scalping, this is the site for you.

not all binance trading always makes a lot of money.
 maybe that happens to just a few traders,
 because every trade has the potential to make a lot of money,
 all depends on each trader.
Cryptocurrency exchange really requires a good understanding and requires a quick response if at any time there is a price movement. so our intelligence is the determinant of success.

If two traders make the same trade, but one makes the trade on Binance and the other makes it on another exchange, the Binance trader will usually make more money. This is what the article discusses. You can find the article here:

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

Let me know if you have any questions!

There are always trader who loss and make profit in each exchange , this is depending on the trading plan and risk management of each person. All crypto has high volatility and Binance become the best exchange because they offer lower trading fee and have high trading volume that give low spread, also they only listed good coin. Trader will make more profit only in bull market so this is according to trend of market.

This is according to trend of market, Binance is provide spot crypto trading so alot of trader will get much profit if the trend bullish, but since in the beginning of 2018 all crypto dumped hard and only by short the price in margin trading we can make profit. So margin trading platform is also promising huge profit for many trader who understanding the trend and price action.

Binance is now a large, reputable trading platform and has many good altcoins traded there, so profitable trading is a fairly normal affair.
The altcoins that are listed on Binance are all very high priced and it makes the revenue of many traders increase.

Besides that, usually coins which are traded in binance are coins with good supporting from the developer. So that the coin is more directed with such good development. Binance gives confidence to the public when a coin listing in binance is a coin with a bright future. this is why trading volume at binance is so extraordinary and has a fast moving rate but remains stable so it rarely experiences significant price dumping.

Possibly most of the time but not always,only the trader who knows how to use the trading pairs of BNB will make more money than anyone and withdrawal fee from binance iess lesser which also may increase the profits.

In the starting all exchanges work good and give good support but when they are started to get huge profits then they start to give trouble and after some time they even give very bad support. for example you can take poloniex in 2015 - 16 it was no.1 exchange with same good volume and good support when they started to get huge profits they also started to give trouble to users and now they are in low position. So only time will tell how much good exchange it will be.

People are mistaking cause and result here all the time. Are you guys not reading the article at all? The reason why people in binance making profits more than other places is the low fee involved in trading at binance, when a place has that much volume compared to others and still take less fee that comes down to traders making more profits of course, it is just simple mathematics.

When you have a place with daily 1 million dollar volume and taking 0.25% or so fee from the trading and a place has 2 billion dollar volume taking 0.05% from the fee you can see why the people at binance is making more profits and by large. If humanity started to move into more DEX type of system with lower or no fee at all and the volume rises there we will see people making profits in those places as well.

Absolutely agree on that.
Just highlight major points

This comment is correct. Thank you for sharing so more people could understand the purpose of the article.

It could be good for making profit since it has most volumes for all the traders in all over the world because it has huge amount of coin in market, for me it is good to trade with bitcoin first because it has high profit as well as it is first crypto currency, so I am eager to invest in bitcoin first then try any other coin including Binance.

I agree with you but we also need to understand that Binance has the largest trading volume in 24hrs and they are also the largest crypto exchange in the world, they make more profit less than other exchange no matter how little they charge.

If other exchanges with low trading volume charges low the way binance does, many of them would have packed up by now due to lack of maintenance since it’s the charges they use in running the exchange center. We also need to consider the fact that binance does not only make money through trading alone, they make through deposit and withdrawal fees too.

That's a very interesting study, but personally I don't think that Binance is the place for real professionals. Bitmex, Bitfinex and mainly exchanges where you can trade with leverage are where the pros make their living. I see Binance and Bittrex as more retail oriented platforms.. And obviously you can't compare the volume of Bitmex with Binance or Bittrex. ;)

Totally of aceurdo with you, I think Bitfinex is the best Exchange, Binance does not have the option to trade in margin trade, and does not have tools as important as placing when opening a Stop Loss and Take Profit position, Binance only allows to buy and the only way to earn is to sell more expensive. This is totally limited to the merchant, because it can be earned in whatever direction the market takes.

I am a binance account holder and I trade on Binance everyday which I also use other exchanges too, for service, I will say Binance is very great and when it comes to charges in trading.

Binance still tops the list of all crypto exchanges with lowest trading fee. Though your article is a bit long but the summary of it their fee is very low compared to other exchanges because they use maker taker system in their transactions. Charges for makers and takers go as low as 0.10% to 0.04% depending on the volume.

interesting topic because their trading with binance is always more attractive for everyone but I don't think it will be the leading trading option for anyone because a person who worked with more effort and intelligent will getting the profit in any type of trading show the field is not important to make it more profitable.

Is not guaranteed all trader that use Binance making more profit than others exchanges, this is depend on the trend of market  and trading plan each trader,  in this long bearish trend, alot of trader making money from margin trading by shorting Bitcoin.  

It not depends the income where you trade. Yes binance is one of the biggest and large volume of bitcoin or exchanges. I believe it depends to the coin that you have if you are going to earn money. Because the price of coind to binance is always same to other exchanges site. I don't think is Idea or think is true for me only and I don't know to other people what they think also about this.

What makes you so sure that Binance traders are making more money than traders on other exchange?
I am sure not all of the high earners from trading is only at binance there are also other exchanges so it is hard to tell.

I haven't read the blog that I will assume that Binance, since they are the number exchanges right now have the majority of traders in their platform. So there's a lot of trading and funds change hands very quick as compare to other crypto trading exchange. And just look at how BNB is now being pump, for sure lots of holder of them are in Binance. ;D

Most likely you are right. Binance traders earning more than others exchange user. But do you know Binance traders also losing more than others traders? You know why? Because of pump dump scheme. Some people's earning good especially whale's, on the others hand some people's losing. Because trade means money circulation. Someone selling and someone buying, that's the game. So small traders isn't much on profit. If you compare with Bittrex there is not much pump and dump, so not much profit and lose. Hope you got my point.

One major reason why it is believed that Binance customers are making more profit is the fact that they have low trading fee which counts a lot, their trading fee is still the lowest in the market for now compared to other exchanges,  someone who traded $1000 on Binance will equally make more money than someone who traded on bitmex if they both trade on same margin, the trading fee difference has equally made one make money than the other even if we tag the difference has low but it does matter when it comes to trading with large amount of money.

So not sure about this statement

Me either, they are one of the safest thats for sure, but it’s hard to tell whether it’s more lucrative or not 4 other traders

FACTS

Moreover, recently I started looking at more developing ones

Oh, me too. I want to invest in development of alternative exchanges to make more competition on the market

In order to stop the domination the big ones, that’s smart, did u find any?

I put eyes on these guys, https://velvet.exchange

nice, maybe I should check them

I think that short description related to the cryptocurrency are always appreciated and are read rather than the long stories which waste time. If you are talking about the magic of Binance that people are making more money by using Binance rather than other exchanges, which might be right.

As we know of the high volume of trading on the exchange has actually made is quite famous and the great strategy by the Changpeng who is the founder and owner of the Binance by keeping the fee to trade low as a result giving more profits to the traders.

Yup, if one compares Binance fees starting with 0.1% and going lower sounds much better than bitstamp's 0.25% and going lower.
And most probably the volumes (liquidity) also helps in that math.

It depends to the coin that you have because remember even you are in the popular and the volume is high in one exchnages site it means you will get more money compared to the trader in the other exchanges site because the real earning is from the coins that you buy and hold in your wallet not in exchnages site. Because how much the price of the coin is near also to the other exchanges site.

Actually, I don't know about that because I think it depends on how good they trade. But I realize that they can have a big chance of making more money than other traders especially in Binance, there are a lot of profitable coins that they can choose to trade. And if they can buy one or more profitable coins, then they will be able to make a big profit too.

I agree with you that profits is depend on traders. If they can take entry and exit on right time then they will earn more profits and an expert trader can do it on any exchange.   

Aside them being transparent in their trading figures, another best part of Binance services for me is even their low trading fee, many people will not understand this till they use other trading platform to compare, then they will really appreciate this, I tried that with one other exchange I had my bitcoin on 2 days ago, you need to see the amount charged for trading and also withdrawing my BTC, they almost gulp the little profit I made from the small spike we saw in BTC, now I am moving my whole BTC to Binance fully for trading because I do more of trading than Holding.

Binance is one of the best exchanges that has ever existed, has a quality that is so high that the level of public trust is very good. The security factor is also an important issue, when there is an exchange that guarantees its user data safely, it is the best choice. Just imagine that there are a lot of hacking issues now and it is very troubling for us all as investors.  Binance provides convenience, so that way I choose binance as the main exchange platform in my trading world.

I don't know about the "making profit angle" as adduced by the OP, except there is a statistical chart to back that up. But I do know for sure that Binance is now the darling of many traders because of its security and safety of traders funds, and this has encouraged many people to trade on its platform. This lends weight to the axiom - the more the merrier.

Of course, there are more coin listings on Binance and that encourages great trading volume and profit making.

and binance is also an exchange that is very widely used by traders so that the transaction is very cheap and costs more than other exchanges if I think so

Binance's trading is very much lower compared to other exchanges. With recent incidents of exchange hacking, i am sticking with Binance for i believe in their security measures against such attacks though nobody is sure how long their system could withstand security threat but for now i am with them. Besides that, though i am not a day trader, i earned profit with this exchange.

why ? whats the difference of binance traders to other exchange traders ? hhmm maybe binance traders are more skillful and more knowledgeable  or maybe there are also other reasons behind thier success  .

  i know . binance is a popular exchange and known to have a huge volume  , i think this the reason why binance traders can earn more profit  but but  , a pro trader can always earn sufficient profit no matter what exchanges he or she will be using  .

I agree with you, Binance is the number one largest cryptocurrency exchange in the world, According to coinmarketcap trading volume. I think once you exchanged your bitcoins on binance This low fee and many profits and convenient trading platforms in the business. in order to cash out, you will have to send them back to another standard there will be no currency based platform.

- Agree that a professional trader can always make money in any condition and situation, all exchanges are where they can make money very easily but favorable conditions will still be better than bad conditions, if we participate in good exchanges and high trading volumes, opportunities to make money and profit will be higher than exchanges with low trading volume. In addition, the quality of service and many features from binance are very helpful and help investors and traders in many matters, all of these factors create the best working environment for traders, so it is not surprising when binance traders are making a lot of money

Making a lot of money in binance is great for those expert traders, and that proved their skills as well. They can be tested on their actual trading strategies, well I don't know with other trading site's traders but probably there's also selected wealthy traders on some exchanges other than binance. There were traders from hitbtc or kucoin which also gaining good profit from their trading career, because of their knowledge on buy and sell. Anonymousity of traders made them a good earner, we can't say they're just focus on binance but also with other exchanges.

The buying price were a little bit far from the other exchanges which making Binance trader to generate high percentage of returns.  It's volume will be a big consideration to know how much we possibly got in any exchanges and so Binance have the advantage. Of course, investors are smart to know that and they'll find satisfaction with Binance.

Yes right, investors and traders always finds benefits, seeing the advantage with Binance not only using the platform but maximizing also the IEO's launchpad is really making more edge for binance traders, those who are really familiar with platform can generate more, they can see advantages
with pairs and potential moving coins  as volume is higher compares to other exchanges.

Reading trough the posts, since they discount traders that are using bnb to pay for the fees they make a bit more profit on there trades vs btc fees.
Where also exchanges can adjust there rates and wants to stay competitive the article wont stand up longish.

Even the binance has a low buying price for alternative coins still it would not assure the profit of every trader especially the beginner ones. The consideration of binance having a huge trading volume is the biggest factor why we trader can say that. Don't argue about how binance easily got to the top of exchanges.

Digital assets that are listed in Binance gains high liquidity so this is not a huge suprise. It has always the most volume and I'm sure that there are a lot of whales hanging out there and just cutting their orders just to make it look it's a normal buy and sell orders. If I were to decide I would want only 10-20 exchanges that will exist in the market so Binance will have 80% or more of the total volume of the whole crypto market.

Where are the biggest gainers there are the biggest losers too. Binance is the biggest market currently, but there are other good exchanges too. Why to wish somehthing like that? Why Binance to have 80% of the market share for them, it`s almost a monopoly. Like I said there are other good exchanges that doesn`t ask you for kyc or where you live, you make profit on price changes no matter which exchange you use.

I am not sure about profit but yes in Binance you can make a quick deal as trading volume is very high. There are lots of traders placing order in Binance at the same time so you need not to wait to sell or buy any token whereas in other exchanges volume is not that good.  Less volume also increases the price gap means Sell order and Buy order are placed at a huge gap, in such situation noone wants to buy buy costly and sell cheap. If a trader is good in fundamental or technical analysis he/she can make good profit at Binance due to nice platform and instant execution.

Binance trade is cheaper to other exchanges because of the volume on Binance, even with that little charges, they are still making much more profit more than the other exchanges, so their volume really makes it easy to adjustthere charges to being the lowest.

I believe if other exchanges too can get the number of volume and users Binance has, they too will become cheap, but I still give kudos to Binance, they didn’t just get to this stage if not because of their hard work that brought about their efficiency and also the security measures put in place that attracted lots of users to them.

Not too many exchanges haven't revealed their actual value but Binance is one of the exchange with highest actual trading volume on it so it is not a surprise that people trading on it getting some profits.And they also have BNB to cur down their fee which gives some encouragement for the people who want to trade regularly with crypto on that exchange.

If we have good exchanges out there better than Binance, then they should do well too to meet up to standard, what they have is same thing Binance has, so they have everything they need to function well and break the monopoly of Binance if they wish to do so, they have caught their profit greed and bring down their own trading fee too to be at pal with Binance, if they had done so, internet would not have even recorded Binance alone as the exchange with the lowest possible trading fee, this is then main edge Binance has over them, aside their intelligent team members who are very creative.

Maybe this is a factor from IEO binance to become a popular and favorite exchange.
just look at BTT and other IEOs that are successful in seconds.
Even other exchangers compete to make a similar IEO. but binance is still number one.

Correct. The competition on exchangers market should be bigger, to other not so popular exchangers offer better terms and conditions than Binance.
I really do not understand why it still take the biggest part of the market. I do not use it at all and apparently never will, because of my country is kind of banned on the exchanger due to political situation between our governments. But I really do not care, because of there are many others.

We could not deny that fact. The binance team has taken all the trust and interest of many traders compared to others because of their transaparrency. Any token that gets listed there will always have a good liquidity because of the active trades and huge volumes and very easy for anyone to take advantage of that.

So Binance is making more money than other exchange rather than saying Binance traders are making more money than other traders.

Isn't this study only between Binance and Bittrex?
Binance is definitely better than bittrex on many level, important being the withdrawal fees. Binance came with the app quite early and thus, has edge over many od its competitors. Binance has enough liquidity and simple API for any small investor. Thus, more daily volume and hence, more volatile. The more is the volatility, more is the chances of making profits.

I'm pretty sure that it depends on the traders. If a trader does TA and good in different kinds of trades like shorting or long trades. Then he could be a better trader than other traders. But having a trader trading in binance does not makes sense that they are more making money than other traders.

More users have been getting into Binance for all trading needs. As majority of the cryptocurrencies listed to Binance has got good trading volume when compared to other exchanges with the same cryptocurrency. Another thing is the accessibility provided, very few exchanges have got an app that works without flaw. There are traders making good out of Binance, but not the entire traders experiencing the same.

The point you made only shows that the project developers and team are the ones enjoying more, but I think the major thing the op is trying to point out the fact that traders on Binance platform makes money more than other trader in another platform because of the low trading fees being charged by Binance compared to other exchanges.

If it’s based on the features you mentioned, I think other exchanges too have these great features that could attract investors and not make Binance users make money more than them, but for fees, Binance is superb.

Binance for me is the most good exchange platform that i see. So many people like binance because it is the top 1 exchange platform with no fake volume. Because in other exchange lot of is making an fake volume and traders always complaining from it.

From what i have read deom your analysis i can deduce that the major diffrence that makes it looks like Binance traders are making more money than traders of other exchange is in the low transaction fee on Binance exchange.  Any exchange with such low trading fee will enjoy same

I think this analysis needs to be updated. This may have been true for a brief period of time when Binance was the most popular

and liked exchange in most metrics, so people attached a very high credibility to any crypto listed there,

but this has no longer been the case for quite a while now...

It depends on the traders and also the volume of the assets in that exchange and since binance is a big and reputable exchange there will ofcourse be large amount of users and they are bound to get more trade than others Good traders will make use of that opportunity for sure

I don't know what this is about. But maybe it's a low transaction fee. The popularity of this exchange among traders also plays a role. I also like the fact that you can pay BNB for transactions. It's super profitable.

Some people  are not seeing all these positive side of Binance, all they see is the monopolistic nature of Binance and complaining what is  not there, while they are complaining, Binance is busy focusing on making their platform better and how they can add more benefit to their existing customers.

I have been using Binance since they got to the market, and not for 1 second have I got any reason to complain abit their service to me, how many complain have I seen in the market about other exchanges? So many of them, now when they say Binance users/traders are making more money, they will start arguing blindly.

So that is your thinking that binance trader are earning more than the other traders of the exchanges or trading site? I think personally we are not earnung because od the exchanges because we are earning money because of the coin that we hold and if the coin are available to the other exchanges you can still earn money because they have same price only for the same coin they different only in the volume everyday.

We see that binance is very good exchange for lot of exchange platforms and we see that good altcoins are in binance and a real volume you see if you are start to trade there.

Me too. Probably they say this because more efficient traders now prefer binance over other exchanges. I've checked the spreads between binance and cmc and other exchanges and the difference isn't that much. Though it's easier to pick lower ranked alts since binance has a pretty big listing and i've also made quite a lot playing with lower alts like wabi. Top traders choose binance and that's probably why there are more people here earning money.

Besides that Binance has built many other projects where investors can invest to make profit. Trading with coins on Binance is easier than any other exchange due to several features. It is a more efficiently developed exchange with quick updates and new innovative projects. Professional traders prefer Binance as the top exchange among all the other exchanges and this might be due to the faster and unique features with super trust.

I don't see any reason why not they will make more money than other exchanges. Binance has better tools like tradingviews and they have there special BNB coin which they burn every interval to keep everyone intact into the exchange and more over their markets are not much sticky. Exchanges in binance markets are easier to analysis and with good indicator and comparison practices, everyone can get hang of it.

LOL, like seriously do you expect me to read all that you have written there? Then clap for yourself. I'm not ready to read all that you have stuffed up there, you should just do a summary of everything and post it here in the forum, just edit your post here and we can easily get what you're trying.

I even clicked that link by mistake cause I don't like clicking links that I know nothing about in this forum. And I also don't believe that, all exchange are the same and no matter the one you're making use of, all that matters is your skills. If you lose, or win its the same thing.

In lighting of recent events, this topic can be change to "Binance Hackers are making more money than other traders"  ;D

But it looks like customers on Binance won't be losing any money because the losses will be covered.  The is a relief for myself because I have a few coins on Binance that I have been trading.

I still have faith in Binance but my trust has been diminished a little after this hack.

I don't think that any exchange has more favourable conditions than the other that would enable bigger profit for traders. Binance is not exception. If such claims were true then all traders would use the same exchange so that makes no sense and I don't think that anyone would fall for this.
The only difference among exchanges is user experience, customer care and safety and security features but not bigger profit.

I wonder how the BNB price increase might offset this profitability if at all. I haven't read your report yet, but I'd be glad if I find that you've addressed this issue in there.

happy to heard and congratulations to the people get more or huge profits  using binance trading exchange and  its obvious and clear your promoting to people to go trading in binance in their trading job to get also huge earnings. In my own view whenever people using exchange for their trading job the can get good profits it depends of their strategy and luck how to get profits.

This is the reason why people make more money on Binance than they do on any other platform. This is also the reason why Binance has gotten so many users and why is it making so much money. Basically they have focused on the utility of the user and the more you do that, the more costumers you get. They do not list a coin with weak project that could hurt the trust of the users.

Indeed, binance exchanges rarely bring bad projects to investors, their selection is always very careful and appropriate to the needs of investors, they always bring quality projects and can create profits, long-term attachment to investors. And the most important thing is that they are very focused on developing and supporting investors, assurance of property even when attacked by hackers, with favorable conditions for development, it is not difficult to realize that binance traders are earning a lot of money and profits compared to other exchanges.

Don't forget about, i think it is yes they are have their rules for project that want to listed in them. At least it is not too strict like old market that already exist. I mean, they lose some volume market because people nowadays want to trade tokens too and not only old coins.

Look, this can happen with each and every single company or market that exists in the modern world. As we know that technology is improving with the passage of time and new innovations build it even more. Hackers are always generating proper codes to a specific system and that is what happened with the Binance. But this is even better because Binance will now strengthen its security much more that will help it get protected from hackers in future and from big losses.

That exactly is what OP just said and that, Binance traders are making huge profits from trading on the platform. To buttress this, last year during the dims, i traded on Binance for about 2-4months and got a very reasonable profits which make me support what OP just said.

Then what about after the hackings? Do they still making money?or some of them are victims of this sudden event?i believe that many are now crying for their losses

Compared to CMC?no doubt that Binance has a 100% real volume and in this people are confident in their transactions and tradings

I just feel the reason why other traders make money is because Binance gave the chance for them to do so due to their not greedy nature, everyone knows that the higher the trading volume they get, the more profit that they have, and since they have gotten a very high volume trade, instead of keeping the whole profit to themselves, they decided to spread it accordingly by reducing transactions fees, that is why they could have very low transactions fees that makes their traders have more money than the rest of exchanges traders when they trade, but a trader must still know how to trade for them to enjoy this benefit.

Lol, I dint know we have people that still doesn’t know Binance that much, and I guess you made that much also because of the very low trading fee that they have, which would have also consumed part of your profit. It is just so unfortunate that the Lion of exchanges are going through this turbulent time of hacking that befell them.

I can see their value is gradually dropping, probably some people are already panicking and it is because they don’t know the worth of Binance. Well it still doesn’t stop them from having volume that will make them get back on their feet and other exchanges will not have their way yet.

Thanks for bringing this study, actually Binance can be considered as the best exchange in terms of many aspects including simple factors like fee etc. Trading coins listed on Binance is also safer for traders though it delists sometimes.

Binance traders can take advantage of IEOs with having a more BNB bag than everyone else. After the introduced lottery system for Binance IEO, it will become interesting to watch and participate in the token sale. Making more money is depending on the talent of the trader and it has no relation with the specific exchange.

It’s very interesting why

Nothing surprising. It’s because of high volume, more scope for profitability, an attractive fee structure compared to some competitors, that’s why Binance is so alluring

Maybe you’re right. And do you use binance?

No, they are attractive surely, however, velvet.exchange provides low fees as well.
In spite of all binance benefits, it’s more important for me

Only because of it? I guess you can find not one platform with lower fees

So true, I struggle to find relevant helpful info on trading these days

Help yourself then: https://medium.com/velvet-exchange

Why they still cannot be compared to Binance like you said is that the benefit Binance has for its traders alone is quite very encouraging to just stick to their exchange alone, when you add all these benefits to their low trading fee, withdrawal fee and low deposit fee, they we will understand that no other exchanges can ever meet up in this regard.

Although the reason why Binance is able to give all these benefits is because they have very high trade volume that could enable them also do all these promotional benefits. I don’t know about velvet exchange though, I have never used them, but I am sure they cannot have fee a low as Binance.

De-listing a coin is a normal process. If the people behind are not that active then there are no trading volumes then it's better to delist them.

No one is safe now, specially that Binance was hacked recently, although it still remains as the top exchanges and the funds are safe and account holders are being refunded. Having follow it though, but it looks like they are open again for trading after the incident.

Binance is the exchange with highest volume, they are the ones who are making more money than other exchanges. Traders earn money on their trades, their profit do not depends from exchange itself, it depends on price movement, trading fees. Its short answer on op`s topic.
Binance is hacked or not? They are talking about some mistake of one of their employers. I read many things in news papers, but I don`t think we will find out what happened here, binance handled situation, they refunded money lost, everything is #safu is they say.

If you mean that Binance has low trading fees, then I think crypto traders are aware of it. That’s why it’s one of the largest crypto exchanges. I also used it to trade some altcoins. It’s true that Binance is one of the cheapest places, that are providing good services. However, the recent hack of the platform gives negative sensitive and rises cautions about using it now. Therefore, at the moment I mostly trade on CEX: https://cex.io/btc-usd. Moreover, it enables trading both crypto to crypto and fiat to crypto pairs.

Their refund hold their reputation level at the same but in future this might get speculated to bring down its prices so as a trader just use the current situation don't back any centralized platform for long term.

But this recent issue of Binance exchange site is already fixed by CZ and the team nothing to worried after all since CZ cover the losses that hacker do, but personally not only Binance can give you a good profit there some top exchange site that have a low fee and high volume. I'm currently using Binance, Kucoin and Huobi for trading altcoin regarding to margin trading Im using Bitmex.

I think the reason is that traders are more familiar with how Binance`s market moves. Many people likes binance because of it`s convenience and safety, so, people stays at binance for too long to the point that they really understand the market there, so, trading will become more easier as you are familiar with the trading platform.

Well, according to the top exchange in the market Binance always on top 3 centralized platform according to the coinmarketcap.
Because of a large community they have to its platform exchange, no wonder that majority of their traders who used Binance platform
are always making profit everyday. Even recently, binance faced an issue about 7000BTC that has been stole by the hackers, binance
can still surpassed that circumstances anyway.

Maybe that is true, but we don't know anything about each trader, and maybe not most traders who trade on binance was made a bigger profit. I think in the other exchange, many traders are making a lot of profit too because they can find the right coin to buy and sell. So it is about how we choose the right coins to trade and make the profit.

traders profits not depend on exchanges.exchanges only provide large daily volume trading and if traders able to put their money in correct time and level they should earn profits.binance as biggest exchanges never promises profits for their customers.

Trading on Binance doesn't make you a profitable trader. It's all about trader's decisions based on his/her analysis. Traders who have better accuracy in decision making based on their analysis will become profitable. Trading fees and withdrawal fees also play a factor as it reduces your profits. When some traders gain profits, there are people who become unprofitable which is the typical scenario of trading.

However, Binance has a very good liquidity which means it is an ideal exchange for all traders including the people want to trade in large amounts.

Whether it's buy order or sell order it gets filled in a very short time period. This seems to get misunderstood as traders on Binance earn big out of trading. Another thing everyone can be a trader in Binance. Whether it is Binance or some other exchange there will always be some price fluctuation which can be used on profiting, and here Binance doesn't have anything specific of making people rich.

I think only traders who have background in cryptocurrency as well as trading are those who can make higher profits. Many traders are often to lose due to lack of experience. In my opinion, it is not about the exchange where you trade but on how you will execute your plan in trading. However, if you will make your position in a long term basis, then it could be a profitable for you.

Of course a great exchange can make you more money if you trade on their platform.  There are many reasons behind this. Users on Binance make more money in trading because more than 90% of the crypto users are on Binance and it is more quick and convenient for the Binance users to make pretty more as compared to those on other exchanges.

Lack of experience is really a reason why traders cannot earn profits in the exchanges they participate in but that is not entirely all, experience may not be enough but a potential exchange with so many opportunities is created every day, it is still enough to compensate for that lack of experience. And one thing is certain that a well-known exchange will create those opportunities while exchanges with low volumes will be difficult to achieve, the best thing in big exchanges is quick liquidity, limiting risks and so everyone involved in binance has an advantage over other exchanges

Basically Binance is one of the big exchanges so that many people use it and it results in the increase and decrease in prices will be fast and for those who can read it they can take advantage of it. However, according to me, some of the pins in the article also greatly affect how traders in binance can be more profitable.

This is due to the fact that the exchange Binance has come up with an excellent way to pay the Commission. This saves money. In addition, this is one of the most popular exchanges for trading.

On Binance in my opinion has a lot of liquidity and the number of cryptocurrency pairs to trade, so traders can earn significantly more and simple and intuitive interface, convenient mobile application

Making money in trading is not just determined by how experienced the trader is or how good your coin is. It is also determined by what coin are you trading and on which exchange. What kind of market are you trying to trade in and so on. Binance being the best exchange has great edge over the rest of the exchanges and if you are a user on Binance, you might end up making more money than others.

Binance is a trading platform with lots of liquidity and many traders love the platform due to the simplicity of it. Even with the hack challenges they have they always remain the best.

Not withstanding we have BITTREX as one of the top exchanger so far but what I came to noticed is it lacks liquidity on like that of binance let's say it's a platform for the big whales that controls the market.

That is true that Binance users make more money but in my opinion, making profit in trading Bitcoins or altcoin in a bullish market is not as bad as it might look in a down market. You need to have the best coins, and your wallet on the best exchange and you need to have good trading skills and knowledge about crypto as well. Only then there could be handsome profits. LUCK will never save you when it comes to trading.

Clearly it’s just a study but nothing assured us about such ideas,binance is indeed a good exchange but there are other good exchanges that exist for long and proven to be more functional and accurate,and about the hacking weeks ago?i am sure binance had lost many investors since that’s a serious hacking involving millions of dollars

Though it is just a study, if OP is religiously gathered those data it eventually reflecting the possible result that using Binance exchange will build a good profit than of the other. If we analyze the data, it is proven.

 Not really give a huge effect on the market and I doubt that investors will leave Binance because of these issues. They are protecting their reputation and so the will immediately address the problem and take action for the resolution of it.

There is no platform where people don’t make huge profit, provided they have the right trading strategy and the exchange has the speed and volume to make them able to execute their trading as quickly as possible.

I think the op is just trying to bring out the point that trading on binance is lot cheaper than trading on other platform because of so many benefits they give to their traders and also the trading fee that is quite very cheap for most of their users, but in the normal environment, people that makes more profit are people who invest with huge capitals and has the strategy to trade.

I think yeah there is an edge to the Binance users in making money as compared to those on other exchanges. It is because this is the best exchange and has more than 90% of the crypto users which makes trading on the exchange a bit easy and less time consuming. The exchange provides extra security which makes it possible to take away the money you make without loosing it to hacks.

Binance is a prospective coin to become an investment portfolio, because prices always rise in line with the increase in bitcoin, but Binance's added value is affiliated with crypto exchanges so it is more trusted by the market.
Indeed, Binance's price is below ETH or LTC, but the value held is quite promising for trading, including coins that have large volumes.

It seems to me that we need to wait and follow the development of events, because binance plans to occupy a very good position in the cryptocurrency market precisely thanks to IEO.  Some analysts talk about competition with ethereum.

That's right. IEO projects have made many investors have huge profits. Matic has compared the price of IEO, Celer and BTT to bring a lot of profit to investors. Most recently, Harmony has brought in profits up to 800% for those who are fortunate to buy tokens.
that's why we see the price of BNB has been continuously increasing in recent years.

I am. Not believing that cause you're just assuming and you don't know what you're saying. What I believe is that no matter the exchange you're making use of there is equal chances for everyone to make money from the website and there is nothing like binance being the one that makes you the most money. There are risks in every exchanges and no matter the leverage, it doesn't change the fact that only a few people makes money from trading while the rest are just losers who keeps on losing all the time they try to trade and their money goes out to the winners and exchanges.

Thank you for the comment! I encourage you to read the article so you have a better understanding of why this is true. I used precise studies to evaluate this hypothesis. Please let me know if you have any questions once you get a chance to read the article!

Yes, reading  articles might help us be feed by informations coming out from any social media news. Most probably based on what I've heared from shares around twitter and other facebook shares, binance had really great journey right now particular on trading. Most of the traders got great profit since previous price of their token was cheaper and yet now became very much profitable. As per checking I think their bnb token was now x5 compared from last year's price.

If you think in the positive way, it will be positive to the everyone and if you think in negative way then every thing will be negative, so not only in binance, other exchanges who are trading potential coons are making money through trading.

This market looks a step ahead of other markets, I see a lot of non-bot volumes with good enthusiasm. some developments also look adaptive in binance launchpad and even binance jersey, maybe other markets have more interesting things, but the increase in volume that is growing more massive does not have better potential

Binance is big platform and it is easier to make money with arbitraging the triangle coins. Triangle arbitrages let us to make more BTC with help of API keys in such platforms. Volume is also important factor in arbitrage because of the the sufficient liquidity on the exchanges.

We all know that Binance is the top exchange in the crypto so of course big traders choose that because they gain big profits when there have a new coin that will list to their exchange. Traders is more like gain profits so they choice the best one to make profits.

It's the top 1 exchange right now so it would not be surprising. Many people prefer high volume exchange than others. They have an app too that is mobile friendly. They also allow small traders like me to trade without having to do kyc. Unlike others you need to comply first to their kyc even if you'll just trade less than 1 btc.