Do you trade at multiple exchanges?

[flower1024]

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.

For now, I think the exchanges where there are good volume and a lot of coins listed are Binance and Kucoin, I use this two when I need to sell
my tokens and coins but for day trading I usually use Binance because it's faster and easier to use.

I will use Binance and Bittrex to do my trading but not all my coins are listed in this sites. So i will use other exchanging sites to exchange my tokens to other altcoins and I will shift those coins to Bittrex. I kept my all major altcoins on this site.

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[Waqas vicky]

Bro in the time of transferring the price of coin in that exchange becomes low.
So no benefit at all

[nik9990]

I trade on different stock exchanges because of the fact that the coins are different everywhere, so the difference in the commission is small, so it's better to trade where you like

[whyrqa]

I trade on different stock exchanges because of the fact that the coins are different everywhere, so the difference in the commission is small, so it's better to trade where you like

I think that this is the only drawback in trading, and when instead of concentrating on trading several coins in one place, one has to act on several exchanges. This not normal.

[Bonsaiav]

Its never a great idea, because the transaction can be very long and if it drop you will just loose money because of the transaction fees

Yes, that is true.
In my opinion the liquidity benefits of such trading are very ineffective, they are wasting time and wasting a lot of transaction fees, unless there is a significant price difference and the crypto that we own is huge, the action may be feasible because the fee can be paid off from the profit generated.

[jinx029]

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.

[apityeh71]

I trade in multiple exchange but dont do it arbitrage because this trading strategy promising small profit and sometimes need much times because confirmation of Bitcoin can be delay. I used multiple exchange just want to be more safe because exchange any issue of hacking.

[peter.from.penn]

No.  It's too much trouble.  With the fees of sending crypto from one exchange to another and the time it takes, it just doesn't seem worth it. 

[mulukey]

I do not usually trade in many commercial sites because the transaction fee is huge. I usually trade in two major trading sites, Kucoin and Binance, because these two exchanges have low transaction fees and huge daily transaction volume. If you trade too many different exchanges you will find it difficult to track down the value of the crypto you invest because of the volatility of the market.

[miang]

Yes I do trade in differnt exchanging sites...first because some altcoins is doesn't exist in other exchaging sites. Second, because sometimes there are different rates of altcoins in every exchages. Furthermore, I used also the sites to store few of my altcoins because I believe that don't put all of your eggs in one basket.

[acener]

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

I do this as well, because it increases the chances of earning. A trader should be aware that the prices of cryptos are not the same or may vary depending on the exchanges or trading sites. That is why for me, it is wise to have an account to many exchanges, so that one can increase the probability of earning more than what is set on a specific exchange.

[Rashid555]

Yes the different bitcoin exchanges have different policies and different rules so it is good to trade at multiple exchanges. Bitcoin exchanges are good now we can use this for future investment So it is good to buy bitcoin from multiple changes because the rates of one exchange differ from another and if you have complete trust over one exchange then it is possible that we can use only one exchange.

[bitbunnny]

Trading on multiple exchanges is very demanding because you have to watch many details like different policies and rules. It's also more risky from the security point of view and it comprises more time but still I think it has advantages and also gives better chances and choices for profit. But I don't recommend that to beginers, it's more for professional traders.

[Karen23]

Yes I am using multiple exchanges. I have been using 6 exchanges since not all exchanges have complete list of coins I want to trade.  But I don't  send coins from one exchanger to another, it is expensive and you loss more coins from withdrawal fee.

[Hati]

I also use several exchange, as I suppose most of us do. Sometimes it's necessary to be able to do arbitrate, but the main reason is that not all exchanges list the same cryptocurrencies, and you have to use the exchage that lists the cryptocurrency that you want to trade with. Also due to the different policies and different rules they have. Even so, there are two or three that I use most often.

[Birin016]

The answer is i do, traded at multiple exchangers can be easy to apply the strategy arbitrase in trading altcoins, if there are different price of altcoins or bitcoins between the exchangers, that is easy method to getting fast profit without analisys technical to makes prediction of price, unfortunately the gap of price seldom happen every time.

[gaurav@zup]

You can find all about arbitrage risk in here https://steemit.com/cryptocurrency/@scrawl/a-brief-look-at-crypto-arbitrage-trading thus first understand the risks and then weigh it against the opportunity , if the risks outweighs the opportunity then stop right there and keep your head in trading but if the opportunity is really good then go ahead .

[Svelto]

Sometimes I do arbitrage if the profit from the price difference make sense for me to spend the withdrawal fees and take the risk of price change during transaction time.

[Lenzie]

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

i do arbitrage and yes price varies because of spread and other factors. it is available in google if you want to take advantage of their differences but make sure that you are fast enough because you can be trapped if you dont do fast.

I think it is a little bit of a hassle plus the transaction fee is varying with each exchange. But the idea of taking advantage of the price difference is a good one.

There are a lot of factors needed to acconplish this strategy. First off you have to research about it, then you have to be fast enough to follow the trend, your internet should be fast and again the transaction fee is really the biggest factor hindering the conpletion of the full benefit.

[mast3rm1nd]

of course it all depends on the coin and on the exchange itself. I trade on at least 5 different exchanges. it doesn't matter I think you should follow the option that maximizes your profit.