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Author Topic: Do you trade at multiple exchanges?  (Read 18842 times)
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May 29, 2017, 10:38:41 AM
 #21

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
Ive done this before and this stuff called arbitrage trading just like what others said here and you can really make out of money on this one,and i can testify it since ive already done this when the times that transactions and fees arent a problem way back before. If you use that way as of now im sure that fees would gonna kill you and the hassle of transferring funds from an exchange into another exchange.

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May 29, 2017, 10:46:45 AM
 #22

If you're looking to do arbitrage, consider doing it with LTC.
LTC confirms fast so if you see a profitable margin between exchanges, you could send fast.

Good luck!

Yes, LTC has faster confirmations but the margin is not that much. On the other hand, BTC got much better profit when it comes to arbitrage. If you buy BTC in international exchanges and sell at your local exchange, you will get a good profit even after paying fees and taxes.

N



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May 29, 2017, 11:03:51 AM
 #23

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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May 29, 2017, 11:09:47 AM
 #24

Because the bitcoin markets are not directly linked i.e exchanges,  there is always a small difference in price. In theory it is a brilliant idea to arb between exchanges. But it isn't practical most times ti be profitable in the long term. A big capital and lower fees could help increase profits. The whole idea is to buy low on one exchange,  and sell for a higher price on another exchange. If you have enough funds sitting in different exchanges,  you could make it work.

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May 29, 2017, 11:12:03 AM
 #25

It's good to use a particular Exchange for all the trading needs and for analysis it's good to make use of the different exchanges which has different features. Some for arbitrage trading use one or more exchange websites which can provide with a better profiting.

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May 29, 2017, 12:19:36 PM
 #26

yes i do use multiple exchange because my trading activies not only for bitcoin and usually i use different exchange for trading bitcoin and altcoin trading however i use my local exchange for bitcoin trading and poloniex, bittrex and novaexchange for altcoin trading

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May 29, 2017, 07:13:01 PM
 #27

Sometimes actually I can find a few deals here and there and make a few bucks by transferring some coins around.
This applies only to alts and not Bitcoin, even shitcoins have their own bots doing the trades between several exchanges.
If you know your way around the websites there are opportunities when a new exchange is launched.

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May 29, 2017, 07:30:25 PM
 #28

nope. I stick to poloniex. They are very professional although many people dislike this exchange. Using too many exchange makes everything more mess up

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May 29, 2017, 07:30:38 PM
 #29

You need to keep your funds safe. So in bitcoin world,you shouldnt keep all your coins in single basket. It is dangerous and i know this from my deepest experience related to some old exchanges. I mainly use 2 exchange for transfering funds from one to another. There isnt shortcut even you try to keep your coins on paper wallet. Perfect way for safety is splitting and investing on different profitable projects. Holding that coins is much harder than earning Wink

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May 29, 2017, 07:34:38 PM
 #30

It is not worth to trade on multiple exchanges when you can do the same on one exchange itself. International exchanges have a minor difference of 2-3% and if you trade in big volumes, you need to pay a higher withdrawal and trading fee as well which makes your profit very less if you use multiple exchanges. The same goes for other crypto currencies as well. Trading on Indian and international exchanges is more profitable as the difference in the price is almost 10%.
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May 29, 2017, 09:40:05 PM
 #31

Oh please I barely open one exchange and have to wait ages for it to load (every single major exchange) I want to share a little secret if you promise not to tell anyone else, I have insider information that admins and staff of big exchanges doing insider trades or rather they are the ones successfully arbitrating fast and smooth while they delay their client's transactions, when you try to withdrawal a large amount they will use excuses such as cold storage and manual checking etc.
I know this because I seduced an admin/mod of an exchange once and he told me so many other things just by talking dirty to him after he found out I'm a female Cheesy
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May 29, 2017, 11:08:51 PM
 #32

Arbitrage trading works best when you "already" have your coins on both exchanges.  You just sell on one and rebuy immediately on the other.  If you wait for deposits and withdrawals, it might be too late. 

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May 29, 2017, 11:50:35 PM
 #33

I do have an account in alot of exchanger, the reason for me to have different account is not all the times the coin has a same price and I fell safer to split my trade investment, the arbitrage trading is not as easy as it sound, usually the different is very thin and you need to wait for the confirmation time, so doing arbitrage is like doing gambling,sometimes the confirmation is too slow and the price already changed when the confirmation finished

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May 30, 2017, 09:42:54 AM
 #34

If you're looking to do arbitrage, consider doing it with LTC.
LTC confirms fast so if you see a profitable margin between exchanges, you could send fast.

Good luck!

Arbitrage does not work in that way.
You need to have BTC and LTC in all the Exchange where you want to do Arbitrage.
When you see a probitable arbitrage, you need to submit 2 trades at the same time!
In one Exchange you buy LTC with bitcoin and at the same time you sell LTC on the second Exchange and you get BTC.
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May 30, 2017, 09:53:40 AM
 #35

Yes, I do trade on multiple exchanges but not every time. The price of the bitcoin is most of the time 10% to 15% more in my country as compared to that of international markets but since buying from international market costs around 10% to 20%, it doesn't make sense to go in that way. I mostly focus on trading in altcoins and stocks, commodities using 1broker like sites. However one can earn good profit by trading on single exchange like localbitcoins by offering multiple payment options for buying and selling.

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May 30, 2017, 12:28:27 PM
 #36

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
I don't. Price in diferrent exchangers is not apart and fee is so expensive thus I prefer not to arbitrage as I don't feel it's worth it.

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May 30, 2017, 02:31:56 PM
 #37

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
Do not do arbit if only use small capital, this technique require market accuracy and calculation how long process of witdraw. If late and prices have dropped then this makes you lose. Wink

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May 30, 2017, 03:39:56 PM
 #38

It's called arbitrage trading.  Here's why all the prices aren't the same:

-There's a "spread" on most exchanges, which is the difference between the buy and sell prices.

-Some exchanges have high fees (e.g. Coinbase)

-Some exchanges are dysfunctional (Bitfinex, BTC-E, Chinese exchanges), and some exchanges are also extremely shady/annoying when you move large amounts (BTC-E, Poloniex and more).

Overall doing arbitrage with several exchanges can get very hard.  There are some minor opportunities with the extreme price fluctuations that go on, but they're gone very fast.  I don't recommend you get involved unless you know what you're doing or you can trade with foreign exchanges (like South Korea).



Interesting points you have got there. So what exactly make this arbitration ; is it exchanging from one exchanger to another or just the way it works? I don't understand how one can make profit from this. As there involved exchanger fees for both sides (sender and recipient) so that's double the fees. Also though you have window at another exchanger for gaining profit but that wouldn't be much as compared to normal trades. I mean there could be trick if I am missing something. 

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May 30, 2017, 03:49:59 PM
 #39

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?

Trade at multiple exchange is yes, but i wont transfer my coin to another exchange just because small price difference. I also calculated transaction fee and how long it will pending in other exchange, sometime it will make you loss
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May 30, 2017, 04:01:10 PM
 #40

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?

If there's only a small gap then I won't bother to sold coin to other exchanges. Sounds hassle to me especially at bitcoin trading. Plus the confirmation really sucks even your transaction have a decent fees. I don't find arbitrage trading now as an effective way to get profit on bitcoin trading.

Right now, Im having the same idea with the other alts. I tend now to use only single exchanges to deal with my trades. But if I will answer the thread title literally, then I do trades at multiple exchanges but on different altcoins since there is some altcoins that is not present on both exchanges but present on others.

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