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Author Topic: Do you trade at multiple exchanges?  (Read 18119 times)
Eloisa
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November 16, 2017, 04:53:24 PM
 #401

always have ur own computation I think when ur doing trading. and get in the exchange coz CMC or other list are not up to date sometimes

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SparrowMano
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November 16, 2017, 05:02:13 PM
 #402

I have several accounts on almost every platform, we never know, even if I only use two or three
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November 16, 2017, 05:13:25 PM
 #403

Yeah I use multiple exchange because I don't want to put all my coins in 1 place so I try to buy in different exchange to avoid losing everything, it eats your time when you check it but for me this is more safer than putting everything in one basket.

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November 23, 2017, 04:57:25 AM
 #404

Before I swore not to get into any gold coin which is only listed on a single trade but I did it again, I invested in IOTA and today it's down fifty percent the price which I bought, this should also be an indication, by no means invest on coins only listed on a single website. because that's when they have the entire manage and could simply by some clicks adjust the costs.
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November 23, 2017, 05:23:03 AM
 #405

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).


definitely right mate thats why arbitrage trading is more risky than daytime trading or p2p trading.i never do it eversince because its only a pain in my ass why need to do such when i can make profit hassle free buy my own strategy and skill trading.

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November 23, 2017, 05:28:14 AM
 #406

You mean arbitrage? I dont do it because that trading strategy  promising small profit and need long time to get it because confirmation of Bitcoin sometimes too long. I used multiple exchange/other exchange  to trade altcoin that not available in Bittrex. Bittrex is my favourite exchange, so when altcoin that I want to buy available there I will buy in that exchange, but if not available here I will trade in other exchange like EtherDelta,Liqui and HitBTC.

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November 23, 2017, 05:34:54 AM
 #407

Trying to do arbitrage trading with cryptocurrency results in lack of sleep and a headache from trying to keep up with the spread.

That said, not all exchanges handle the pairs or even the alts that I want to trade in, so I just have to make the most of a crappy situation when that happens.  For instance, I do some research on the side for GRC, GRC is BTC paired on Polo, but I want to buy an alt on Cryptopia that isn't sold at all on Polo.  So it's convert to a common crypto, take a loss, hopefully not too bad, and shift the funds to the exchange where I am really concentrating.

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November 23, 2017, 06:35:03 AM
 #408

Yeah I use multiple exchange because I don't want to put all my coins in 1 place so I try to buy in different exchange to avoid losing everything, it eats your time when you check it but for me this is more safer than putting everything in one basket.
That's great because there is a big risk when you only trust one trading sites, there has been news of hacking incident in the past and there is a chance that it will also happen in the present, so we need to be careful all the time and learn to diversify our funds. There are only few exchanges with great volume but let us not be lured by that and forget to minimize the risk.

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afflicti0n
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November 24, 2017, 04:21:44 PM
 #409

I believe the rich are certainly thinking about investing in bitcoin. Plus they can do several things for it. The main problem is whether with them participate in trading won't reduce the cost of bitcoin   Or bitcoin becomes unpredictable of course
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November 24, 2017, 11:00:31 PM
 #410

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
Usually i don't use this kind of trading strategy, but it happened a few times when there was the opportunity and it was worth the headache.

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November 24, 2017, 11:30:30 PM
 #411

Yes,  its good to trade at multiple exchange,  so what ever happened to one of your exchange site,  you will still have your coins from another site.

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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November 25, 2017, 11:29:39 AM
 #412

I used multiple exchange but not for arbiratge, because arbiratge promising small profit and need long time confirmation when sending it. I used multiple exchange because  some times there are good and potenial coin not listing in my currenct exchange, so I will move to other exchange. 

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November 25, 2017, 12:31:48 PM
 #413

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

Yes!in my own we need to trade sometimes in multiple exchanges  because there are times that your coin is not listed in the other platform site's  if you want to trade  or there are times mostly  having potential coins is listed in other exchanges ,so having to get this potential coins you must transfer and used other trading sites exchange.

queenhallmark
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November 26, 2017, 08:38:49 AM
 #414

Last time I swore not to get into any coin which is only listed on a single exchange but I did it again, I invested in IOTA and now it's down half the price which I bought, this should also be an indicator, never invest on coins only listed on a single site. because that's when they have the total control and could just by some clicks manipulate the prices.
You might have brought IOTA(IOU) tokens.some exchange do trading when a respective ico is going on.in order to get  fees they start iou tokens buy and sell which lead to spikes in price ,but when the token are official released the price goes down.
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brotherwood12
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November 27, 2017, 10:46:21 AM
 #415

i do , yes , not only for bitcoin but for another coin , but remember calculate the time , and the situation about that coin / btc
sometime after the coin came to another exchange the oldest price is better xD

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eaglewhite80
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November 27, 2017, 12:34:14 PM
 #416

i do , yes , not only for bitcoin but for another coin , but remember calculate the time , and the situation about that coin / btc
sometime after the coin came to another exchange the oldest price is better xD
Arbitrage sometimes can really be crazy though. Most times, you may not even get your coin sent fast from one of the exchanges to the other and except the differences are huge, then you may even end up losing than trying to make profit. However, it is always good to have presence on some exchanges most especially when you are trying to target some specific coins which may not be listed on one.
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November 27, 2017, 12:54:54 PM
 #417

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 trade to multiple exchanges as of now. I don't exchange my bitcoin yet so I think I don't need multiple exchanges this time. Maybe next time I will but not at this moment. I need to make my bitcoin bigger first before I will have to trade to multiple exchanges. But to those who already started it, keep it up if you think it is a good way.

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November 27, 2017, 01:02:55 PM
 #418

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 will already trade at multiple exchangers whice name Yobit,bittrex,etherdelta Grin

it will be very safe for me and I think this exchangers site is the best for trading.So you can use this site.

But I have prefer, Bittrec, You can do trading with bittrex.it is very safe and secure.

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November 27, 2017, 01:09:58 PM
 #419

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
This is arbitrage way of trading which you would plan to transfer your coins into other exchange since you did see that the price is way more higher on the current one which you can able to make profits if you did able to sell it into other exchange.This is profitable but would need fast confirmation times and you would need to be fast and active since price do change anytime and thinking off that fees would affect your profits if you do move soon enough.

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November 27, 2017, 01:20:13 PM
 #420

Yes, because there are some altcoins that are not listed in an exchanges. Also, to split the btc I have so asn't to accumulate in one place.
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