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Author Topic: Do you trade at multiple exchanges?  (Read 18119 times)
milewilda
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December 01, 2017, 05:46:19 AM
 #441

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
 #442

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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December 01, 2017, 08:16:51 AM
 #443

all trader use different exchanges because every exchanges has a different buy and sell price so better to monitor your coin price in different exchanges where  your coins available

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December 01, 2017, 09:00:09 AM
 #444

The coins you've mined ca be sld of program since you will only get profit while you are oromoting them and also the price wnt alter anything over a couple of days.fnop
Yes I often do trade in mutliple exchanges site because of the fees that collected in other sites. Also of the altcoin that I usually followed on. This happen when I have enough of funds do arbitrade in the coins that I usually do. Others do this because to make fast or earn profit.
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December 02, 2017, 02:02:13 AM
 #445

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

Yes, such a business exists, but it`s quite hard, because exchanges consider it more profitable when people are trading inside not withdrawing their funds.
That is why they put various obstacles to arbitrage, and you must have not only brain but also guts to make money in such a way

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December 02, 2017, 06:28:28 PM
 #446

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. 
Not all arbitrage promise small profit if you are lucky to hit the right coin at that moment. I really do not do arbitrage much and which was not the reason I make use of multiple exchanges though, but when the opportunity comes up, I really do not like not making use of them. It is life, and anything that brings profit should not be thrown away.

Although, like you said, in case of potential coins not being on one, having multiple exchanges can help one not to miss such opportunities of missing the show on a trade.

.

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Mapagmahal
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December 02, 2017, 11:24:41 PM
 #447

Yes i trade on multiple exchange because sometimes there are altcoins that i want to buy and sell but don't have in one exchange. My other reason of trading in other exchange is to diverse my funds on different exchange to minimize the risk of losing my money in one exchange if something bad will happen.

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December 02, 2017, 11:39:44 PM
 #448

Yes, this is in every exchange, sometimes have different prices. But the fact is that not all of the differences in profits, because different thin and short

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December 02, 2017, 11:42:18 PM
 #449

Yes i trade on multiple exchange because sometimes there are altcoins that i want to buy and sell but don't have in one exchange. My other reason of trading in other exchange is to diverse my funds on different exchange to minimize the risk of losing my money in one exchange if something bad will happen.

You shouldn't store your funds in exchange wallets. This is like a rule, please pay attention. I use different exchange platforms because the volatility is lower in some of them. And some has very rich order books which you can execute your oders instantly.

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December 03, 2017, 02:16:10 AM
 #450

Yes i trade on multiple exchange because sometimes there are altcoins that i want to buy and sell but don't have in one exchange. My other reason of trading in other exchange is to diverse my funds on different exchange to minimize the risk of losing my money in one exchange if something bad will happen.
That's true , besides by trade at multiple exchange as arbitrage opportunity.
You should never trust anything 100% online in this case an exchange as you might have seen several "trusted" exchanges turned into a scam one.
Separate it for security reason is indeed a good plan .

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December 03, 2017, 02:21:44 AM
 #451

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 many altcoin that does not exist in one exchanger but there are in other exchanger, also ico that launch is not easy to enter in exchanger that have high traffic and trust like poloniex.
To move funds to another exchanger it sometimes takes a long time maybe 1 day, I ever do that and the results are not worth it.

Arbitraging is not worth it nowadays because exchanges already increased their withdrawal fees. Only Poloniex didn't increase as far as I know.

The same with here, I am trading in three exchanges because some of exchanges have different coins.

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December 03, 2017, 04:24:18 AM
 #452

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
It depends if that 2 exchanges has a high difference of buy and sell, That method was called arbitrage method so many whales doing that not only in bitcoins almost in altcoins if there's a chance that 1 coin difference its value in 2 exchanges they'll do arbitrage thats the reason why most of exchanges are have a balance price of coins, Whales are making more profit in that way because they have a big capital and you need to sell it faster before you lose your profit.

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