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Author Topic: Do you trade at multiple exchanges?  (Read 18855 times)
Cacingkemi
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November 27, 2017, 02:52:15 PM
 #421

It's too cumbersome for me to trade from exchange to exchange because of the time it takes and the fees. It's also a lot of extra work to follow multiple exchanges. If people can make money that way, they deserve it because it's a lot of work.
From the exchange to exchange is now difficult to do too many traders who know this,the market also has been updated tailored to other markets.I think is right too many time consuming and the cost is often out of stock for the fee.

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November 27, 2017, 03:39:27 PM
 #422

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.

Very well said, but that is time consuming but yeah, that is sure profit. In order to do that, you have to monitor always the prices of the Altcoins that you are holding and where you could Trade them that you could have profits in return, since different Trading platform have different prices for a certain token, there is a lot of research that is going to require for you to know existing and legit exchanges where you could Trade, also, you have to consider the fact that different exchanges also applies different amount of transaction fees.

So, you have to calculate if you are really going to make some profits if you are going to transfer your Altcoins in another Exchange platform, do the Math and you could Trade, so you could know the profits.

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November 27, 2017, 03:51:58 PM
 #423

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

I don't really trade on the multiple exchanges because it gives me nausea while I trade if I see cheap rates on different exchangers. It confuses me so on personal level I don't do that.

I will always be curious to see different prices and always excited to know whether I bought from the right exchanger or not with right prices. However I will mostly stick to one exchanger and most of the time HitBTC because it is easier to handle and tuned with me in good way.

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November 27, 2017, 03:53:45 PM
 #424

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.

Very well said, but that is time consuming but yeah, that is sure profit. In order to do that, you have to monitor always the prices of the Altcoins that you are holding and where you could Trade them that you could have profits in return, since different Trading platform have different prices for a certain token, there is a lot of research that is going to require for you to know existing and legit exchanges where you could Trade, also, you have to consider the fact that different exchanges also applies different amount of transaction fees.

So, you have to calculate if you are really going to make some profits if you are going to transfer your Altcoins in another Exchange platform, do the Math and you could Trade, so you could know the profits.

Some altcoins and tokens are not listed in every exchange so you need to use several of the exchanges to trade your tokens.

For bitcoins especially, some exhange platforms are better in terms of price and market depth. So people prefer more deep markets for bitcoin trades.
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November 27, 2017, 05:10:34 PM
 #425


Yes I do and many more people here do as well and I have seen that on the troll box itself. There is pattern where I have seen people communicating with each other in that chat box and telling each other which currency is cheap where and they buy form there and sell little more higher on the another exchanger. A good way but very difficult to grab the profits. However I have done it few times for the miscellaneous coins and I had little success in exchanging them with few profits.


However now I know that we can buy cheaper coins depending upon how much volume is being traded at specific exchanger. More the volume the greater are the prices as it is indicator of higher demand over there. Anyway so thats just general discussion about it and yeah we must take the advantages of different prices at different exchanger.

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November 27, 2017, 05:44:53 PM
 #426

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. 
Well it is not the right time for the arbitrary increasing value of the bitcoin, I hope the bitcoin is going to increase the money with the bitcoin and it will buy you the high value and the price, the more bitcoin will buy you the things you want to buy so take the step in the bitcoin and the value of the bitcoin will help the users in the future so for me there is no change required in the bitcoin now.

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November 27, 2017, 07:12:18 PM
 #427

I am registered and trading in multiple exchanges. But not for scalping price difference from one exchange to another exchange. This is not going to be profitable when amount of trade is small, for bigger amount its an exception.

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November 27, 2017, 07:13:25 PM
 #428

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. 
Well it is not the right time for the arbitrary increasing value of the bitcoin, I hope the bitcoin is going to increase the money with the bitcoin and it will buy you the high value and the price, the more bitcoin will buy you the things you want to buy so take the step in the bitcoin and the value of the bitcoin will help the users in the future so for me there is no change required in the bitcoin now.

Arbitrage is risky now, actually if your capital is not that huge. I personally use 2-3 differnet exhcanges but not for arbitrage, for only token and coin tradings. Some of the exchanges are better with user friendly interface.
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November 27, 2017, 07:52:18 PM
 #429

Yes, I trade on multiple exchange because some exchange allow smail trade of $10 while some don't and some exchange price rate is always behind the current price of coins in the capital market. So, I use each exchange in a way profitable way.

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November 27, 2017, 11:21:37 PM
 #430

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. 
Well it is not the right time for the arbitrary increasing value of the bitcoin, I hope the bitcoin is going to increase the money with the bitcoin and it will buy you the high value and the price, the more bitcoin will buy you the things you want to buy so take the step in the bitcoin and the value of the bitcoin will help the users in the future so for me there is no change required in the bitcoin now.

Arbitrage is risky now, actually if your capital is not that huge. I personally use 2-3 differnet exhcanges but not for arbitrage, for only token and coin tradings. Some of the exchanges are better with user friendly interface.
I even regret saving all my coins on one Exchange, I save it in Bittrex. some new policies are very difficult to understand, and I find it difficult to verify my account to get the WD 100 BTC limit.
I suggest to get out of Bittrex soon.

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November 28, 2017, 12:09:58 AM
 #431

yes bittrex yobit and poloniex

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November 29, 2017, 12:48:34 PM
 #432

i've traded on sevral trades before (bittree,cryptopia,mercatox) , until then i only centered on bittrex. Perhaps one day, if i have sufficient BTC currently , i'll use poloniexx

Its quite the same for me and bittrex is probably better and safer than polo anyways with more coin selections. The rates aren't that far with common coins as well

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November 30, 2017, 01:10:28 AM
 #433

Im used multiple exchange but only to find other coin that does not listing in my currenct exchange. Arbiratge sometimes not profitable because fee of transaction is high and confirmation so long.

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December 01, 2017, 01:56:22 AM
 #434

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).


thats all good points mate,i use to do arbitrage when i was starting here in
crypto but it makes even harder upon going,thats why i stop making money on that
and do the daytrading and i have long term investment too for another option of
profiteering.

But its you option if what is comfortable with you

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December 01, 2017, 04:13:14 AM
 #435

I used multiple exchange like EtherDelta, Cryptopia, Liqui, HitBTC  and Bittrex, and I did arbiratge when I find the price of Bitcoin/Altcoin really big different , but I used multiple exchange ussualy just to trade other coin when that coin does not listed in current exchange.

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December 01, 2017, 04:34:53 AM
 #436

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 have business on many platforms of exchange and I always do that because each exchange platform has different types of altcoin .
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December 01, 2017, 04:48:01 AM
 #437

Yes I am using multiple exchange, depending on you in which of them your gonna use. It just give you benefits and profit.

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December 01, 2017, 05:30:01 AM
 #438

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

I trade at multiple exchanges because there are coins in one exchange that I cannot find in another exchange that's why I use multiple exchanges but with the buying of one coin to sell in another, I plan on doing it but did not really push through because of capital. This is called arbitrage and there are some who profit from it but due to time restriction, sometimes the price you wanted is already gone because another trader took it and there is a possibility to lose more because of the transaction fee. Besides, bots are already doing the arbitrage trading that's why it is hard to do it manually.

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December 01, 2017, 05:46:19 AM
 #439

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

I trade at multiple exchanges because there are coins in one exchange that I cannot find in another exchange that's why I use multiple exchanges but with the buying of one coin to sell in another, I plan on doing it but did not really push through because of capital. This is called arbitrage and there are some who profit from it but due to time restriction, sometimes the price you wanted is already gone because another trader took it and there is a possibility to lose more because of the transaction fee. Besides, bots are already doing the arbitrage trading that's why it is hard to do it manually.
Arbitrage trading is really profitable but you would really need to be quick in able to get the right order but i do seldom make use of this technique or trading way because as you said there are lots of factors that do affect that situation and might end up on losing money on fees instead on making money. Using multiple exchanges is normal because not all coins are being listed on each on of them.

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December 01, 2017, 08:14:41 AM
 #440

I often trade at many trading floors like Bittrex, Poloniex, Cryptopia and Coinexchange ... I usually trade large altcoins on commercial floors like Bittrex, Polo. For new altcoin, I trade on commercial sites like Cryptopia and Coinexchange.
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