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Author Topic: Do you trade at multiple exchanges?  (Read 18119 times)
Vishnu.Reang
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June 28, 2017, 06:17:27 AM
 #241

I have accounts in at least 5-6 different exchanges, including Bitstamp and Bittrex, but I have used just two so far for trading (BTC-e, and Kraken). Till now, I haven't noticed any advantage in using a large number of exchanges instead of a single one. There is not much spread between the exchanges.

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June 28, 2017, 07:40:05 AM
 #242

Yes I do trade in differnt exchanging sites...first because some altcoins is doesn't exist in other exchaging sites. Second, because sometimes there are different rates of altcoins in every exchages. Furthermore, I used also the sites to store few of my altcoins because I believe that don't put all of your eggs in one basket.
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June 28, 2017, 08:38:50 AM
 #243

Yes I do trade in differnt exchanging sites...first because some altcoins is doesn't exist in other exchaging sites. Second, because sometimes there are different rates of altcoins in every exchages. Furthermore, I used also the sites to store few of my altcoins because I believe that don't put all of your eggs in one basket.


That's a good strategy that i'm using quite a lot before but not that often now. The high fees from transferring from ine exchange to another is really a setback for people using this strategy. I mean the price difference isn't usually that far between the exchanges and back when the fees weren't that high, i think its ok. But now, i do it very selectively as sometimes it's not worth it.

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June 28, 2017, 08:48:18 AM
 #244

I trade more on Liqui and Bittrex. Sometimes in Yobit and Poloniex. I think these exchanges list all most all the tokens that an investor or trader wants to buy. I don't store more than 5% of my crypto portfolio on exchanges. I only transfer sell them as quickly as possible as keeping funds in exchanges for a long time is too risky.

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June 28, 2017, 09:27:57 PM
 #245

arbitrage trading is always depend on exchanges but here if you use coinbase and withdraw and use it in other exchanges you will be in loss without trading because of high fees
Yes basically it is depending on the fees.That in which one exchange we are getting good benefits. So yes I'm using multiple exchanges for trading.When there are high number of fees then i leave that use another one exchange to give me a good benefit.

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June 28, 2017, 11:34:35 PM
 #246

I have account on multiple exchanges and its always due to when the need arises for such in the sense that it's due to necessity maybe someone wants to transfer some coin to me and I needed to submit an address from a particular exchange then I open and from there I started using it but for arbitrage, I have not been able to go for it due to similarities inlrice quoted and the ones with high margin are really dependent on verification in which document they ask is what I cannot afford.
For this reason, we can see how complicated making an arbitrage is. Instead on focusing on arbitrage, I think it's better to focus at one exchanger at a time so you can easily understand how does coin used to flactuates/volatiles on that particular trading site.
there is no harm to always split your capital into different account ,
besides for arbitrage purpose but also for security reason ,
as we have seen a lot of exchanges no matter trustworthy they are in the end gone scam ,
so there is a lot of benefit having multiple account in different exchange.
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June 29, 2017, 02:05:02 AM
 #247

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
Of course I do. There is a moment that the gap between the two exchanger's price is huge and that's an opportunity for traders. However, this should be done quickly since there is a coinmarketcap, the standard value of bitcoin would ba standard which would make its price more stable for every excgangers.

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June 29, 2017, 02:12:21 AM
 #248

its good for us if we can trade at multiple exchanges and i have 5-7 account in every exchanges like yobit, polo, bittrex, cryptoia, kraken, huobi, bter. because we can spread our bitcoin balance in every exchanges and doing trading with many coins and the benefits is if the coins is getting pump then we can get profit. but i will not thinking about arbitrage trading because its too risk and i only doing if there is an opportunity for me to sending the balance and not waiting too long.

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June 29, 2017, 05:49:44 AM
 #249

Nope, sounds like a big issue to have to get confirmed on multiple exchanges and then go through all the motions of trading on it as well. It really matters on where you live aswell when it comes to this issue, as I know people who live in the EU compared to people that live in the US have a much easier time with getting on different exchanges as they're not open on the same high amount of regulations as people in the states are. So, I personally don't do it but others may and that's up to them to do Arbitrage



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June 29, 2017, 07:36:17 AM
 #250

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
Of course I do. There is a moment that the gap between the two exchanger's price is huge and that's an opportunity for traders. However, this should be done quickly since there is a coinmarketcap, the standard value of bitcoin would ba standard which would make its price more stable for every excgangers.
What coinmarketcap will be doing here ? Traders themselves will act to merge the prices as early as possible hence I believe there will be no significant roles from standard bitcoin value and moreover there is NO such standard value for bitcoins.

Trading in multiple exchanges is having some advantages and making use of them is possible only for the traders who are continuously monitoring price movements.

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June 29, 2017, 11:23:29 AM
 #251

It is a good idea to trade in multiple exchange, there are chances of arbitrage trading or you can find a better price in different exchanger, just make sure you put your money in a well known exchanger and it is always a good idea to not put your money in one basket

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June 29, 2017, 11:31:16 AM
 #252

i've traded on multiple exchanges before (bittrex,cryptopia,mercatox) , but for now i only focused on bittrex. Maybe one day, if i have enough BTC already , i'll go in poloniex


     
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June 29, 2017, 11:35:02 AM
 #253

i've traded on multiple exchanges before (bittrex,cryptopia,mercatox) , but for now i only focused on bittrex. Maybe one day, if i have enough BTC already , i'll go in poloniex
If you already trading inside trex theres no need for you to worry about trading inside trex as its just the same in terms of population those arbiters are taking advantage of certain alt between this two trading site. The only advantage inside polo is theres a lots of big players whos supporting certain alts and really enjoying the ride.

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June 29, 2017, 12:33:38 PM
 #254

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
No, that's too difficult because the long of the transaction sometimes takes a long time so I think it's useless and the risk may be big, you must have great capital and a mature calculation to profit in arbitrage trading

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June 29, 2017, 12:48:51 PM
 #255

So far I only trade at one exchange that is Poloniex. But I am thinking of putting some funds in bittrex also as Polo has very limited number of coins and at bittrex many smaller coins are present, which have potential to give bigger returns on investments. So maybe, when I have enough balance, I will put some into bittrex too.

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June 29, 2017, 02:40:48 PM
 #256

So far I only trade at one exchange that is Poloniex. But I am thinking of putting some funds in bittrex also as Polo has very limited number of coins and at bittrex many smaller coins are present, which have potential to give bigger returns on investments. So maybe, when I have enough balance, I will put some into bittrex too.
Are you trading only one coin at a time ? If it is the case then you may have account in one or two exchanges and based on your capital amount you may move into new exchange. When you will be finding poloniex is having very selective trading pairs, I am sure you might be needing accounts in some more exchanges.

The prime reason for me to have accounts in more than 8 exchanges is, lack of availability of one particular altcoin in one exchange.

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Periodik
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June 29, 2017, 07:28:01 PM
 #257

So far I only trade at one exchange that is Poloniex. But I am thinking of putting some funds in bittrex also as Polo has very limited number of coins and at bittrex many smaller coins are present, which have potential to give bigger returns on investments. So maybe, when I have enough balance, I will put some into bittrex too.
Are you trading only one coin at a time ? If it is the case then you may have account in one or two exchanges and based on your capital amount you may move into new exchange. When you will be finding poloniex is having very selective trading pairs, I am sure you might be needing accounts in some more exchanges.

The prime reason for me to have accounts in more than 8 exchanges is, lack of availability of one particular altcoin in one exchange.

Right. Some people just trade in poloniex due to highest volume. But I think of the best things that may happen outside poloniex are the new hot coins that have the tendency to rise in value not just 100% but sometimes at unbelievable levels.

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June 29, 2017, 07:45:58 PM
 #258

So far I only trade at one exchange that is Poloniex. But I am thinking of putting some funds in bittrex also as Polo has very limited number of coins and at bittrex many smaller coins are present, which have potential to give bigger returns on investments. So maybe, when I have enough balance, I will put some into bittrex too.
Are you trading only one coin at a time ? If it is the case then you may have account in one or two exchanges and based on your capital amount you may move into new exchange. When you will be finding poloniex is having very selective trading pairs, I am sure you might be needing accounts in some more exchanges.

The prime reason for me to have accounts in more than 8 exchanges is, lack of availability of one particular altcoin in one exchange.

Right. Some people just trade in poloniex due to highest volume. But I think of the best things that may happen outside poloniex are the new hot coins that have the tendency to rise in value not just 100% but sometimes at unbelievable levels.
There could be unlimited reasons why traders go for multiple exchanges. To avoid daily limitations, I sometimes go for multiple accounts with same exchange.



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Wowcoin
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June 30, 2017, 04:36:54 AM
 #259

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
Yes i do that every time on bittrex price of bitcoin are lower than poloniex i buy bitcoin then i transfer it to poloniex.  And not only bitcoin i always do that in altcoins i used arbitrage to know how much the price on another trading site.

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June 30, 2017, 05:09:51 AM
 #260

So far I only trade at one exchange that is Poloniex. But I am thinking of putting some funds in bittrex also as Polo has very limited number of coins and at bittrex many smaller coins are present, which have potential to give bigger returns on investments. So maybe, when I have enough balance, I will put some into bittrex too.
Are you trading only one coin at a time ? If it is the case then you may have account in one or two exchanges and based on your capital amount you may move into new exchange. When you will be finding poloniex is having very selective trading pairs, I am sure you might be needing accounts in some more exchanges.

The prime reason for me to have accounts in more than 8 exchanges is, lack of availability of one particular altcoin in one exchange.

Right. Some people just trade in poloniex due to highest volume. But I think of the best things that may happen outside poloniex are the new hot coins that have the tendency to rise in value not just 100% but sometimes at unbelievable levels.
There could be unlimited reasons why traders go for multiple exchanges. To avoid daily limitations, I sometimes go for multiple accounts with same exchange.
Yeaaa as long as there is no regulation about multiple account there's no harm to do that.
A lot of benefit you could get , especially when you trade with huge amount which every exchange has different limit.
Also to trade in multiple exchange could create another opportunity to make money with its price range.

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