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Author Topic: Do you trade at multiple exchanges?  (Read 18119 times)
dragonusa9
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August 05, 2017, 02:20:12 PM
 #361

i dont trade other than poloniex, i think poloniex is a good exchanger. and its troublesome if i go to other exchanger
also there is no 100% chance the deposit and withdraw didnt take a long time
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August 05, 2017, 08:03:19 PM
 #362

i dont trade other than poloniex, i think poloniex is a good exchanger. and its troublesome if i go to other exchanger
also there is no 100% chance the deposit and withdraw didnt take a long time

Same like you. I only trade on one exchange thats poloniex. Because on poloniex i can do trading margin. So i dont have to sell the coins i hold for trade. Also spread isnt too wide.

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August 05, 2017, 08:55:23 PM
 #363

i was using many exchanges for altcoin arbitrages but bots killing it its almost impossible to make arbitrage between exchanges.so right now uing only bittrex local Exchange and  kraken.
That’s a nice decision indeed. Trading at multiple exchanges is not good when many exchanges are facing problems. Bittrex is undoubtedly one of the famous and safe exchanges and is great for trading bitcoins. I believe that using selective exchanges is quite safe than working on multiple exchanges.

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August 06, 2017, 05:36:55 PM
 #364

I have tried arbitrage back in the past but in the end I had to stop as I found it a bit to nerve wracking and it often didn’t work out as I had planned
Planed are always flop if you are not having complete idea to do something so i would say that mange everything properly to have a lot of success. Because if you manage something properly then you will be success and never stop that after success as you left that's seems that you have totally flopped that's why you left all these.

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August 07, 2017, 05:39:16 AM
 #365

I have tried arbitrage back in the past but in the end I had to stop as I found it a bit to nerve wracking and it often didn’t work out as I had planned
Planed are always flop if you are not having complete idea to do something so i would say that mange everything properly to have a lot of success. Because if you manage something properly then you will be success and never stop that after success as you left that's seems that you have totally flopped that's why you left all these.

It happens on almost exchanges. There will be times when you're trades will flop regardless of what exchange you're into. I have btcs now on several.exchanges so i don't have to transfer over. I trade on which exchange has better price range though almost all the time the prices are similar for altcoins available on all exchanges

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August 09, 2017, 03:53:15 AM
 #366

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 trade in multiple exchange, and I don't see any wrong with that things.
also many of the traders doing the same thing I did. but most often I used was bittrex exchange site platform.
Its very seldom for me to use other exchange except if the coins I trade is not listed in bittrex but to other exchange.

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August 09, 2017, 01:19:04 PM
 #367

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 trade in multiple exchange, and I don't see any wrong with that things.
also many of the traders doing the same thing I did. but most often I used was bittrex exchange site platform.
Its very seldom for me to use other exchange except if the coins I trade is not listed in bittrex but to other exchange.
I am doing the same thing like you, trading bittrex and other exchanges is a not a good thing and in fact, that is an advantage compare to the other trader because we can easily do a lot of strategies when we have different exchange account because there is a flexibility for our trading experience like we can transfer coin from one exchange to another and sell it for a big higher price.

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August 09, 2017, 01:22:26 PM
 #368

Arbitrage trading would really be useless specially when the price gaps or differences are just on small amounts because fees will only just eat us up for sure. Sticking on one exchange would be the best thing since we wont really think off on other things but arbitrage is really good but depending on the spread that will really give us some good return. We do have different perspective and techniques on trading and we should just stick on our old ways as long we are gaining.

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equator
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August 09, 2017, 01:26:31 PM
 #369

Yes i use to trade in almost all exchanges and this is due to not all altcoins are listed in one exchange so where ever my altcoins are listed i have to go to that exchange and trade. But due to this i can also know that how much good are this exchanges and whether to trade with them or not in the future.














 

 

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August 09, 2017, 02:14:06 PM
 #370

Arbitrage trading would really be useless specially when the price gaps or differences are just on small amounts because fees will only just eat us up for sure. Sticking on one exchange would be the best thing since we wont really think off on other things but arbitrage is really good but depending on the spread that will really give us some good return. We do have different perspective and techniques on trading and we should just stick on our old ways as long we are gaining.

I really like doing arbitrage. certainly, before doing it we have to do the analysis and the most important thing is you have to do a test network. because it's very decisive, sometimes we send it with a hurry and finally stuck.
 
 

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August 09, 2017, 02:25:57 PM
 #371

i was using many exchanges for altcoin arbitrages but bots killing it its almost impossible to make arbitrage between exchanges.so right now uing only bittrex local Exchange and  kraken.
That’s a nice decision indeed. Trading at multiple exchanges is not good when many exchanges are facing problems. Bittrex is undoubtedly one of the famous and safe exchanges and is great for trading bitcoins. I believe that using selective exchanges is quite safe than working on multiple exchanges.
yes, it is also a good thing that for best trading multiple exchange is not good and i also noted that all those people are trading in multiple exchanges they face to many problem and sometime they loos their money, so you are right that point using only one exchange is very good than multiple exchange and Bittrex exchange is very good and famous in all, so use this type of exchanges because it is very safe and secure for our trading.

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August 09, 2017, 03:29:28 PM
 #372

i was using many exchanges for altcoin arbitrages but bots killing it its almost impossible to make arbitrage between exchanges.so right now uing only bittrex local Exchange and  kraken.
That’s a nice decision indeed. Trading at multiple exchanges is not good when many exchanges are facing problems. Bittrex is undoubtedly one of the famous and safe exchanges and is great for trading bitcoins. I believe that using selective exchanges is quite safe than working on multiple exchanges.
yes, it is also a good thing that for best trading multiple exchange is not good and i also noted that all those people are trading in multiple exchanges they face to many problem and sometime they loos their money, so you are right that point using only one exchange is very good than multiple exchange and Bittrex exchange is very good and famous in all, so use this type of exchanges because it is very safe and secure for our trading.

I dont agree with you , if you properly use the multiple exchange for trading or arbitrage trading then it is very profitable, i am using arbitrage trading for some 1 or 2 coins and every week earning nearly 0.02 btc. So it is upto you how smartly you are using it. Even i am trading in multiple exchange with lot of altcoins due to all altcoins are trading according to their listing to their exchanges.


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August 14, 2017, 11:27:18 AM
 #373

i was using many exchanges for altcoin arbitrages but bots killing it its almost impossible to make arbitrage between exchanges.so right now uing only bittrex local Exchange and  kraken.
That’s a nice decision indeed. Trading at multiple exchanges is not good when many exchanges are facing problems. Bittrex is undoubtedly one of the famous and safe exchanges and is great for trading bitcoins. I believe that using selective exchanges is quite safe than working on multiple exchanges.
yes, it is also a good thing that for best trading multiple exchange is not good and i also noted that all those people are trading in multiple exchanges they face to many problem and sometime they loos their money, so you are right that point using only one exchange is very good than multiple exchange and Bittrex exchange is very good and famous in all, so use this type of exchanges because it is very safe and secure for our trading.

I dont agree with you , if you properly use the multiple exchange for trading or arbitrage trading then it is very profitable, i am using arbitrage trading for some 1 or 2 coins and every week earning nearly 0.02 btc. So it is upto you how smartly you are using it. Even i am trading in multiple exchange with lot of altcoins due to all altcoins are trading according to their listing to their exchanges.

I kind of agree with both of you though. It depends because there are people who will be efficient in trading when focusing on one exchange, there will also be people who are comfortable switching from one exchange to another. I kind of consider myself to be the latter

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August 14, 2017, 11:50:40 AM
 #374

I don't tend to do arbitrage now. I remain faithful to one exchange, as I find it burdensome to constantly switch from one to the other. It is, however, highly individual. As it has been said many times: do what works best for you.

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August 14, 2017, 11:51:14 AM
 #375

i was using many exchanges for altcoin arbitrages but bots killing it its almost impossible to make arbitrage between exchanges.so right now uing only bittrex local Exchange and  kraken.
That’s a nice decision indeed. Trading at multiple exchanges is not good when many exchanges are facing problems. Bittrex is undoubtedly one of the famous and safe exchanges and is great for trading bitcoins. I believe that using selective exchanges is quite safe than working on multiple exchanges.
yes, it is also a good thing that for best trading multiple exchange is not good and i also noted that all those people are trading in multiple exchanges they face to many problem and sometime they loos their money, so you are right that point using only one exchange is very good than multiple exchange and Bittrex exchange is very good and famous in all, so use this type of exchanges because it is very safe and secure for our trading.

I dont agree with you , if you properly use the multiple exchange for trading or arbitrage trading then it is very profitable, i am using arbitrage trading for some 1 or 2 coins and every week earning nearly 0.02 btc. So it is upto you how smartly you are using it. Even i am trading in multiple exchange with lot of altcoins due to all altcoins are trading according to their listing to their exchanges.

I kind of agree with both of you though. It depends because there are people who will be efficient in trading when focusing on one exchange, there will also be people who are comfortable switching from one exchange to another. I kind of consider myself to be the latter
Its that good to have active involvement into different trading exchanges. This give the users the better knowledge about the market, when a single trading exchange is used surely the price variation between different exchanges will help to earn a bigger profit. Also different exchanges provide varied features in the buying and selling process.


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August 14, 2017, 12:40:40 PM
 #376

I don't tend to do arbitrage now. I remain faithful to one exchange, as I find it burdensome to constantly switch from one to the other. It is, however, highly individual. As it has been said many times: do what works best for you.
One exchange is good if that will satisfy all your needs, however if you are putting your coins a little longer in a certain exchange
it's better to diversify it to other exchanges, we must still not be confident it will not be stolen as exchanges are vulnerable to hacking.

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August 14, 2017, 12:56:21 PM
 #377

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
I didn't experience that because i only trade on one exchange like bittrex and i trade only altcoins so i didn't try exchange to different exchanger. But some of my friends are doing that from bittrex to poloniex they do arbitrage.

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August 14, 2017, 03:11:50 PM
 #378

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
I didn't experience that because i only trade on one exchange like bittrex and i trade only altcoins so i didn't try exchange to different exchanger. But some of my friends are doing that from bittrex to poloniex they do arbitrage.
To exchange coins I also use only one site it's bittrex, I will not use another site to do altcoin trading. But to convert coins to fiat currency, i will use multiple exchanging sites. In which site I will get a good price there I will withdraw and sell the coins. Suppose if I have coins on one site, and another site is paying the high price it's more than 10% then I will transfer and sell. But within 10% I don't take the risk.
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August 14, 2017, 03:19:17 PM
 #379

I am using 2-3 sites. But the only reason is that some altcoins are not listed in a lot of websites. A little boring, as I don't really like having a lot of accounts to do the same thing.

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August 14, 2017, 03:41:01 PM
 #380

i was using many exchanges for altcoin arbitrages but bots killing it its almost impossible to make arbitrage between exchanges.so right now uing only bittrex local Exchange and  kraken.
That’s a nice decision indeed. Trading at multiple exchanges is not good when many exchanges are facing problems. Bittrex is undoubtedly one of the famous and safe exchanges and is great for trading bitcoins. I believe that using selective exchanges is quite safe than working on multiple exchanges.
yes, it is also a good thing that for best trading multiple exchange is not good and i also noted that all those people are trading in multiple exchanges they face to many problem and sometime they loos their money, so you are right that point using only one exchange is very good than multiple exchange and Bittrex exchange is very good and famous in all, so use this type of exchanges because it is very safe and secure for our trading.

I dont agree with you , if you properly use the multiple exchange for trading or arbitrage trading then it is very profitable, i am using arbitrage trading for some 1 or 2 coins and every week earning nearly 0.02 btc. So it is upto you how smartly you are using it. Even i am trading in multiple exchange with lot of altcoins due to all altcoins are trading according to their listing to their exchanges.

I kind of agree with both of you though. It depends because there are people who will be efficient in trading when focusing on one exchange, there will also be people who are comfortable switching from one exchange to another. I kind of consider myself to be the latter
Its that good to have active involvement into different trading exchanges. This give the users the better knowledge about the market, when a single trading exchange is used surely the price variation between different exchanges will help to earn a bigger profit. Also different exchanges provide varied features in the buying and selling process.
It also depends upon the user or trader on which he is comfortable with, some traders also prefer to trade only on one exchange because they would be confused about the different prices and how exactly they are going to trade and initiate the move to do the arbitrage, that is how i figured most of the traders, but if you are more comfortable on doing arbitrage, why not? besides it would be beneficial and it would also boost your experience as a trader.

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