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Author Topic: Do you trade at multiple exchanges?  (Read 18119 times)
Gotottack
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June 13, 2017, 09:31:44 PM
 #141

You learn a lot of things from trading. Never put all eggs in single basket. That's why after every  bulk of trades i witdraw all my coins to my wallet address.

That may be true, but the problem with using multiple exchanges will mean you have a lot of things to secure and a lot more fees to pay. If you move from exchange to exchange that means bitcoin/altcoin fees will be had.

The best scenario I see with these is only for purposes of arbitrage trading, and not really anything else.

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June 13, 2017, 10:50:45 PM
 #142

No, I don't trade at multiple exchanges. But I have a lot of choices, what I do is if I'm not satisfied anymore with the current exchange I use that is going to make me jump from others. But today I'm currently good with the exchange I use and it's very convenient to me, I don't have plans now of using other sites.



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June 13, 2017, 11:04:27 PM
 #143

Every person who becomes a trader must have multiple exchanges. Because in particular not all exchang provides altcoin. Altcoin spread over some great exchanges today, so for those who want to trade then having multiple exchanges is a liability. Just playing bitcoin without altcoin is not a trader.

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malikusama
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June 14, 2017, 12:54:31 AM
 #144

Yes i do this sometimes, exchanges rates varies and also there fees. Whenever there is a price difference i always prefer to withdraw and put it in the other exchange where the price is higher but exchanges fees also matters in this case so i always check it out first.



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June 14, 2017, 12:58:34 AM
 #145

Yes i trade in different exchange.it is profitable but some bad thing present here.when price is defferent in defferent exchange most of the time these wallets remain maintenance.so frist check both exchange wallets is active or not.then you can try it.i suggest you trade in both exchange carefully. for better profit you should not withdraw or deposit money or coin so quicly or you can loss your money.best of luck
   
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June 15, 2017, 09:05:14 AM
 #146

Yes i trade in different exchange.it is profitable but some bad thing present here.when price is defferent in defferent exchange most of the time these wallets remain maintenance.so frist check both exchange wallets is active or not.then you can try it.i suggest you trade in both exchange carefully. for better profit you should not withdraw or deposit money or coin so quicly or you can loss your money.best of luck
   

Yeah that's right. I check from time to time the difference of the prices of altcoins from yobit, poloniex and cryptopia and because of the different prices in each exchange or platform, you can profit from one or a couple of alts commonly available in all of them. Though i don't do it that often because of the high deposit and withdrawal nowadays

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June 15, 2017, 05:27:39 PM
 #147

I only trade on one exchanger. Although, i do a coin analysis on some exchangers, i cann't quickly send coins from exchanger to another exchanger. Because every coin transaction requires confirmation and sometimes the confirmation takes a while.

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June 15, 2017, 05:43:03 PM
 #148

I'm using Tidex, Poloniex, Bittrex and Liqui at the same moment.
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June 15, 2017, 06:09:28 PM
 #149

I only trade on one exchanger. Although, i do a coin analysis on some exchangers, i cann't quickly send coins from exchanger to another exchanger. Because every coin transaction requires confirmation and sometimes the confirmation takes a while.

In one exchange is better because transferring the funds can be very stressful Smiley because of the confirmation time which can take more than a day sometimes or the account gets frozen.

Recently we are seeing that poloniex is having issues with withdrawal requests, same as yobit once upon a time that had but they fixed this.

If your coins gets stucked in pending or waiting for approval or processing then most of the time it doesn't worth moving the coins from one exchange to the other.

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dmamigo
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June 15, 2017, 07:05:12 PM
 #150

I only trade on one exchanger. Although, i do a coin analysis on some exchangers, i cann't quickly send coins from exchanger to another exchanger. Because every coin transaction requires confirmation and sometimes the confirmation takes a while.

In one exchange is better because transferring the funds can be very stressful Smiley because of the confirmation time which can take more than a day sometimes or the account gets frozen.

I also used to use only one exchange, but I noticed many ICO are listed in only one exchange, and I lost many opportunities. Though the problem of confirmation delay still persists, but I get to have some genuine options.

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June 15, 2017, 07:25:11 PM
 #151

I trade on multiple exchanges for coins less well known.. For example, bought coin in cryptopia and kept it in yobit. Because in yobit sometimes wallet maintenance and price of coins moving very high.

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jpoker272727
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June 15, 2017, 09:22:02 PM
 #152

I only trade on one exchanger. Although, i do a coin analysis on some exchangers, i cann't quickly send coins from exchanger to another exchanger. Because every coin transaction requires confirmation and sometimes the confirmation takes a while.

In one exchange is better because transferring the funds can be very stressful Smiley because of the confirmation time which can take more than a day sometimes or the account gets frozen.

I also used to use only one exchange, but I noticed many ICO are listed in only one exchange, and I lost many opportunities. Though the problem of confirmation delay still persists, but I get to have some genuine options.

Withdrawing/transferring bitcoin from one exchange to another one has been very expensive nowadays and it's not recommended for small amounts.

What you should do is to find a coin that is listed on both exchanges and that has the lowest withdrawal and transaction fees so you can transfer easily, faster and cheaper.

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SportsbookBettor
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June 16, 2017, 04:51:56 AM
 #153

Yes i trade at multiple exchange because if you have one exchange site then you are putting all your money in risk because all your balance is stayed at one exchange but if you have multiple exchange it will be good to your investment. We don't know when the exchange site going is going to run or maybe close their business without further announcement.

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sumit513
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June 16, 2017, 05:35:45 AM
 #154

I use multiple exchanges to invest and not trade. There is a risk in investing in just one exchange. You never know what would happen in near future.
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June 16, 2017, 05:56:56 AM
 #155

I'm using Tidex, Poloniex, Bittrex and Liqui at the same moment.

I do not have Tides account but i have on the 3 exchanges you have mention. Also, add to that, I have account on c-cex. It is better to maintain account on several exchanges even a small amount  for margin trading. i am doing this for several months already, and so far its quite ok and fun.

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June 16, 2017, 06:16:45 AM
 #156

i am trading in multiple exchanges like poloniex, bittrex, yobit, cryptopia and else but i think i don't used arbitrage trading, to send the coins that i buy from A exchanges into B exchanges because i have bad experience with this in the past and i think i don't want to have the same experience.

aryana42
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June 16, 2017, 03:03:22 PM
 #157

I only trade in one exchanger thats poloniex. Lower spread than other exchangers i like from poloniex. Also for me, it seems quite inconvenient if just trade 1 coin in multiple exchanges.

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June 16, 2017, 03:12:56 PM
 #158

I only trade in one exchanger thats poloniex. Lower spread than other exchangers i like from poloniex. Also for me, it seems quite inconvenient if just trade 1 coin in multiple exchanges.

Polenix is the nice exchange where you can trade multiple crypto currency. If you manage the multiple trading account in multiple trading exchanges that is so critical to manage to fix the set value each account very fast as price change in the preev price chart.

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The_Dark_Knight
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June 16, 2017, 09:23:53 PM
 #159

I use to do arbitrage but it seem not worth doing if you only have few btc. Bitfinex, BTC-E and polo have a good difference of prices. Its just the buy orders that is to consider. Or maybe I don't know how to do it but it because its just me thinking like I have the most brilliant plan but then failed in the end.
Can we know why your plan of arbitrage failed? It was because of commissions, or because it was difficult to manage that many accounts, or you had problems with your bank about what you were doing, it would be nice to know what went wrong.


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June 16, 2017, 09:40:58 PM
 #160

No, I don't trade at multiple exchanges. But I have a lot of choices, what I do is if I'm not satisfied anymore with the current exchange I use that is going to make me jump from others. But today I'm currently good with the exchange I use and it's very convenient to me, I don't have plans now of using other sites.
You have to continue your experience at a number of exchange to make yourself aware of that exchanges as if you will not be satisfied for you with your current exchange or if any problem will occur to that then you will be conveniently move to the other.



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