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Author Topic: Do you trade at multiple exchanges?  (Read 18119 times)
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August 14, 2017, 05:44:32 PM
 #381

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

No i don't and i don't think there is reason to do that. Withdrawing our coins and then depositing them again will take at least 2 hours, and you will have to pay fees so you won't get any profit, also price would probably change in these 2 hours.


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August 14, 2017, 05:47:20 PM
 #382

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

No i don't and i don't think there is reason to do that. Withdrawing our coins and then depositing them again will take at least 2 hours, and you will have to pay fees so you won't get any profit, also price would probably change in these 2 hours.

If you keep funds and btc in 2 exchanges and if you get the arbitrage opportunity then you would be indulging in such trades. You do not have to transfer from 1 exchange to another in that case since you would be holding btc in both the exchanges. So there is a chance of making some quick short profits during the day.

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August 14, 2017, 07:23:12 PM
 #383

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

No i don't and i don't think there is reason to do that. Withdrawing our coins and then depositing them again will take at least 2 hours, and you will have to pay fees so you won't get any profit, also price would probably change in these 2 hours.

If you keep funds and btc in 2 exchanges and if you get the arbitrage opportunity then you would be indulging in such trades. You do not have to transfer from 1 exchange to another in that case since you would be holding btc in both the exchanges. So there is a chance of making some quick short profits during the day.
But what will the possibility to hold a right funds at right exchange ? Because you must need to hold bitcoin in one exchange and fiats in some other exchange.

More importantly you must have bitcoin prices needs to be value higher where you are holding bitcoin and bitcoin prices must be cheaper where you are holding fiats. Then only you can make use of arbitrage trading. Quitting it will be possible to foresee prices and hold funds accordingly ?

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August 20, 2017, 02:51:42 AM
 #384

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

Yes of course sometimes I do things like this, but if doing something like that has a high risk of losing coin risk and risk of buying at a price too expensive because the delivery process so long.

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August 20, 2017, 03:43:25 PM
 #385

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

I guess Polo is getting a lot of love here on this. They better not fumble on this thumb's up they are getting now because it was pretty bad at some point in the past whe I started with them early this year. I also traded solely on Poloniex but have added another exchange.

And to what OP is asking...I don't think it would work out considering the delay in btc transactions and the volatility of price action. Before one gets through buying from one exchange and attempting to sell off at another exchange the price would have changed.

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August 20, 2017, 04:10:28 PM
 #386

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
 
If you are going to used a different exchanger on your trading you must consider what is difference of each exchanger because if there is difference on volume stock and price of the coin you actually trading with it is not a good thing to do. It much better to focus on just one or two exchanger for you to manage it easily and you can know the part of  your decision making and management in every transaction you will make in every trading coin you have.

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August 20, 2017, 05:41:02 PM
 #387

I used to trade on only one exchange but when I realised the availability of other coins that I can make good profit from and they are not available on my traditional exchange. I had to move to other exchange.
But withdrawing and transfering to another exchange to buy same coin is not a viable option. The price difference is usually not much after knowing that you have to pay transaction fees.

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August 20, 2017, 07:07:54 PM
 #388

I don't, I am afraid by the time I withdraw my coin, the rate might be unfavourable.

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August 20, 2017, 08:12:08 PM
 #389

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
 
If you are going to used a different exchanger on your trading you must consider what is difference of each exchanger because if there is difference on volume stock and price of the coin you actually trading with it is not a good thing to do. It much better to focus on just one or two exchanger for you to manage it easily and you can know the part of  your decision making and management in every transaction you will make in every trading coin you have.
I think I depends on ourselves. Our capability of using multiple things. Because most of the time using more than one exchange makes us confused with their different policies and changes. I once started using 3 exchanges and I had to face loss because it was all so messed up. So if you think that you can do it then it is full of profit and it can also increase your management abilities.

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August 22, 2017, 11:49:19 AM
 #390

I don't, I am afraid by the time I withdraw my coin, the rate might be unfavourable.

That happens even if you're trading on a single exchange only. If you're not transferring coins from one exchange to another and simply trading separately on several exchanges, then there shouldn't be any complications when it comes to fees.

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August 22, 2017, 12:13:31 PM
 #391


It's not that simple,
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August 22, 2017, 01:05:00 PM
 #392

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

So far, I am using Bittrex, and yobit but most often was bittrex, and when times come that I'am going to have a lot of profit in bitcoin i'll take the chance to add more exchange to trade my coins.
I used yobit before but due to bad review by members here I stick to a more reputable like poloniex and bittrex if I like to see a lot of coins.
These are the two exchange sites that I can recommend, and also I used liqui and c-cex sometimes, it's good to have a lot of exchanges but one thing to remember is never leave your coins in exchanges because they are vulnerable to hacking.
Many of the coins were not available in one exchange especially newly finish crowdsale coins go to its different exchange so i track them(the good coins to have an invest). Like PBT coin and now i am waiting for Tezos coin.

I think that PBT is a pretty successful cryptocurrency at ICO, but it all depends on how the TEAM is working. If indeed they work well I am sure Cryptocurrency will certainly not give a satisfactory result. And also to be able to get many benefits we must continue to analyze all the things that exist, so that the results and plans are made very precisely.An effort must be done maximally and never give up, because only then we understand why to do it. If not then everything will go like anything else

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August 22, 2017, 02:30:51 PM
 #393

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

So far, I am using Bittrex, and yobit but most often was bittrex, and when times come that I'am going to have a lot of profit in bitcoin i'll take the chance to add more exchange to trade my coins.
I used yobit before but due to bad review by members here I stick to a more reputable like poloniex and bittrex if I like to see a lot of coins.
These are the two exchange sites that I can recommend, and also I used liqui and c-cex sometimes, it's good to have a lot of exchanges but one thing to remember is never leave your coins in exchanges because they are vulnerable to hacking.
Many of the coins were not available in one exchange especially newly finish crowdsale coins go to its different exchange so i track them(the good coins to have an invest). Like PBT coin and now i am waiting for Tezos coin.

I think that PBT is a pretty successful cryptocurrency at ICO, but it all depends on how the TEAM is working. If indeed they work well I am sure Cryptocurrency will certainly not give a satisfactory result. And also to be able to get many benefits we must continue to analyze all the things that exist, so that the results and plans are made very precisely.An effort must be done maximally and never give up, because only then we understand why to do it. If not then everything will go like anything else
PBT doesn't. I can say i'm a bit dissapointed with PBT because you can see how much PBT worth now. We talking price on "bitcoin" not "USD". PBT ICO was worth 1 PBT = 5 BTC but what now? Currently it's only at 1.33 BTC. Such a huge loss for PBT investors, don't you think?

I never do like that OP. There should be a reason why another exhange site has higher/lower rate than another exchange. Just use 1 trustworthy exchange site and you will be safer

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August 22, 2017, 02:34:42 PM
 #394

I am trading on 2 exchange: poloniex and bittrex. When in poloniex there is a better profit margin than bittrex, then i move it. But it isn't always effective, because length of confirmation is influential. So, not at any condition i can do that.

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August 22, 2017, 02:52:56 PM
 #395

Sometimes you need to trade in multiple crypto exchange site to profit from arbitrage. But in terms of long term trading. I do trade at Poloniex and Bittrex. These two are great for big amounts as they have lots of users who can buy or sell your orders.


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

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princerepon
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August 27, 2017, 02:45:21 AM
 #396

Yeah, sometimes i did. but it's not a good idea i think. because it's cost lots of fee. some exchange ask for huge fees. If you keep doing this you'll lost many coin for given them fee. may be sometimes you can benefit a little bit for doing this but it's too expansive for beginners. If you are new for trading then my opinion is stay away from doing this. 

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Rosam
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August 27, 2017, 08:10:39 AM
 #397

I do trade on five or six different exchanges but not because of arbitrage (you need to move large amounts of money I do not have for it to worth it) but because of unexpected delisting of coins (had to move siacoin, bCn and Visio last weeks because they were being delisted form an exchange) and safety, you divide the risk associated with every exchange if you trading funds are split between several of them;

Bunsomjelican
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September 03, 2017, 05:53:09 AM
 #398

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.
You maybe right on your statements dude, but it is still much good to trade in multiple exchange. Because, I just read somewhere here in the forum it said that never put all your eggs in one basket, which is true. we must not use only exchange, there are few exchangers were we can say it good and say that we can considered like what you said Bittrex, Poloniex, and bitcoinwisdom.

mia khalifa
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September 03, 2017, 06:09:43 AM
 #399

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

it is often called as arbit, exploiting the price difference from various markets, but from this activity can lead to very high risk, that is, when all the transactions that have not been unconfirmed and all of a sudden the price dropped.

najmul33
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November 16, 2017, 04:36:45 PM
 #400

Yes I trade in multiple exchange, its depending on you which of them you gonna use. im use mostly Bittrex and etherDeltha

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