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Author Topic: Do you trade at multiple exchanges?  (Read 18119 times)
Reid
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June 30, 2017, 05:14:43 AM
 #261

No. This is a hard task to do.
Multiple exchanges have different prices with bitcoin so when you do trades with them it could get nasty taking a big lost at the end.
It will be much better to just stick to one who got a lower buy price and a higher sell rating.
When you found an exchange like this better stay with it.
I have tried to calculate the lost when I exchange to one wallet to another and it is larger than what I expected to earn.
Remember there are huge fees now.

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June 30, 2017, 03:42:59 PM
 #262

Well, it is on every exchanger sometimes there is a difference in price. But it's all actually isn't something profit, because the difference is only different very thin and short. So when you are tempted to do it, I'm sure it's just a throw away a lot of time for you. So, it is better to focus on one point and then lined up on the right. Because if we use the trading with either already ascertained on the right will benefit
 
There are actually many exchangers we can actually try but in total most of the exchangers in the market is quite the same and if there is difference it just a thin part of it. For me the best thing to do is to focus on the trading itself and not on the exchangers because you couldn't earn on making or deciding using many exchangers its better to focus on one point and make the most out of it by making good decision in every transactions.



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June 30, 2017, 04:01:57 PM
 #263

I do it sometimes to grab that margin. But I'm not much succesful in doing it in the right way. So what I try to do is, keep an eye over few coins which will be pumped in next few hours. Then checkout the buy sell window between two to four different exchanger. Whenever the price rises pretty high then I transfer it to the exchanger which is most profitable. It helps really.

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June 30, 2017, 04:22:00 PM
 #264

Trading on many exchange sites is quite flexible. This is because when a coin is listed, it becomes available on some exchange sites before getting to others and also, some exchangers have a lower network fees and a wider range of users for fast trading.

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June 30, 2017, 05:00:32 PM
 #265

I trade at multiple exchanges because, all the tokens I'm interested in, are not available in one exchange. Let's say edgeless token is not available in poloniex. I use poloniex, bittrex and luqiu exchanges.

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July 01, 2017, 07:03:10 PM
 #266

I trade at multiple exchanges because, all the tokens I'm interested in, are not available in one exchange. Let's say edgeless token is not available in poloniex. I use poloniex, bittrex and luqiu exchanges.

yes, we use multiple exchanges, mostly because there are coins that are only on this exchange or that exchange.  that means keeping a balance of BTC on at least four exchanges so that a coin move can be hit at that moment and not having to wait on the BTC to get transferred into the exchange where it is needed.

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July 01, 2017, 08:42:11 PM
 #267

yes, we use multiple exchanges, mostly because there are coins that are only on this exchange or that exchange.  that means keeping a balance of BTC on at least four exchanges so that a coin move can be hit at that moment and not having to wait on the BTC to get transferred into the exchange where it is needed.

Same thing for me.
A small advantage of keeping accounts on different exchanges is that if one has problems at least you don't "lose" everything ....
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July 01, 2017, 08:56:27 PM
 #268

yes, we use multiple exchanges, mostly because there are coins that are only on this exchange or that exchange.  that means keeping a balance of BTC on at least four exchanges so that a coin move can be hit at that moment and not having to wait on the BTC to get transferred into the exchange where it is needed.

Same thing for me.
A small advantage of keeping accounts on different exchanges is that if one has problems at least you don't "lose" everything ....

Yes this is another perspective but why don't you activate 2FA system? Then nobody can make cyber attack to your exchange accounts and your asset will be in safe.

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July 02, 2017, 04:34:11 AM
 #269

yes, we use multiple exchanges, mostly because there are coins that are only on this exchange or that exchange.  that means keeping a balance of BTC on at least four exchanges so that a coin move can be hit at that moment and not having to wait on the BTC to get transferred into the exchange where it is needed.

Same thing for me.
A small advantage of keeping accounts on different exchanges is that if one has problems at least you don't "lose" everything ....

If you are doing investment work that reqires off the exchange network BTC fundage, then there is no reason not to spend that money off the exchange that has the best price, but that is about the extent of it.  fees are percentage based and to really make an arbitage profit requires a couple thousand in BTC on more than one exchange that is there just for the purpose of hitting the big turns  and do not forget that the time it takes to move the money can kill you.

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July 02, 2017, 09:22:58 AM
 #270

I just trade on:

-Bittrex for altcoins
-Coinbase for Bitcoin.

IMO you just need one altcoin exchange and one Bitcoin exchange.  You pick whichever one appear the most trustworthy, and never hold too much on them.

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July 02, 2017, 10:48:54 AM
 #271

I trade in multiple exchanges if there are many or little price differences in the associated exchanges but about that is very rare, and if there is no price difference in the exchanges, usually I trade only in one or two exchanges.
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July 02, 2017, 10:51:12 AM
 #272

I just trade on:

-Bittrex for altcoins
-Coinbase for Bitcoin.

IMO you just need one altcoin exchange and one Bitcoin exchange.  You pick whichever one appear the most trustworthy, and never hold too much on them.

Well if that works for you then good. A lot of people also don't like transferring their coins from one exchange to another. Though i also wouldn't mind doing trades on different exchanges as the prices may vary at a certain time and i can buy cheaper and sell at a higher price from one exchange to another. Though it's not as often as before since the transaction fees have hiked up along btc price

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July 02, 2017, 11:46:28 AM
 #273

Sometimes I do that I buy bitcoin in one exchanges site and sell it to the other exchanges site to make little profit but sometimes only it happen . Because as of now the price of bitcoin in all exchanges site is near so you cant short term or use your startegy. I hope someday again the price of bitcoin will difference so I can make little profit with shortime.
But you can buy bitcoin now for longterm because i believe the price will become double.

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July 04, 2017, 04:55:49 AM
 #274

I have thought of it but never done it. Read many replies that it is profitable to do that exchange. But I feel it too complex to do. The confirmations take time, in that period what if market turns upside down and I get loss, this is what I keep thinking and don’t do it really. But will give it a shot one day.   

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July 07, 2017, 08:49:51 PM
 #275

It's wise to spread around your trading at multiple exchanges because you never know when any given exchange might go down ... or steal all your coinage.
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July 08, 2017, 05:13:40 AM
 #276

It's wise to spread around your trading at multiple exchanges because you never know when any given exchange might go down ... or steal all your coinage.
That's correct, also it will give you a chance to arbitrage sometimes, I did that sometimes when opportunity is seen.
I have been trading in poloniex but sometimes the site has a problem or very slow but I cannot bear with it since I am a day trader,
good thing bittrex has a good volume and lot of coins listed.

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Yatsan
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July 08, 2017, 06:04:00 AM
 #277

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
that is not possible because the transactions takes forever hahaha. But somehow I am trading in multiple exchange because some coins are only exclusive in some exchange but I basically go for the bittrex as my main exchange site and the others are for certain coin only.

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SportsbookBettor
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July 08, 2017, 07:54:56 AM
 #278

It's wise to spread around your trading at multiple exchanges because you never know when any given exchange might go down ... or steal all your coinage.

This is a good practice and also to avoid such incident like that. If all your investment is in one exchange and that exchange is hack, or the y steal your balance. You will lose but if you are trading in many exchanges. You are only risking a small percent in each exchanges.

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senyorito123
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July 08, 2017, 08:29:23 AM
 #279

It's wise to spread around your trading at multiple exchanges because you never know when any given exchange might go down ... or steal all your coinage.

This is a good practice and also to avoid such incident like that. If all your investment is in one exchange and that exchange is hack, or the y steal your balance. You will lose but if you are trading in many exchanges. You are only risking a small percent in each exchanges.

A good practice indeed and we may have a chance to look for some certain coins around on multiple exchange since we can monitor and differentiate each price and earn with that if we have balance on multiple ones. But we should be carefull on exchange where we going to put our funds since some of exchange right now is quite miserable and doesn't have good reputation upon trusting our capital for tradings.

Wintersoldier
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July 08, 2017, 12:21:54 PM
 #280

Well, it is on every exchanger sometimes there is a difference in price. But it's all actually isn't something profit, because the difference is only different very thin and short. So when you are tempted to do it, I'm sure it's just a throw away a lot of time for you. So, it is better to focus on one point and then lined up on the right. Because if we use the trading with either already ascertained on the right will benefit
 
The price and the value is the main difference of exchangers from to another. So it is a good thing to have a part or a exchanger that you consider your main exchanger in transaction. But is not a bad thing to have two or more exchanger because you can depend it on your chosen transaction that may need some feature that some can't do. But if you are going to have a one exchanger the better thing to do is focus and make your transactions balanced in the sense that make transaction more unity to limit fee's.

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