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Author Topic: Do you trade at multiple exchanges?  (Read 18119 times)
PokerDiceMan
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June 01, 2017, 12:44:39 PM
 #61

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

youre strategy the name arbitrage
all people use arbitrage stategy to fast profit but majoirty not pair bitcoin fiat money, but altcoin trading, because arbitrage need fast transaction

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June 01, 2017, 03:19:52 PM
 #62

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
Not really, i use only one exchange for trading. You are talking about arbitrage trading here, you need lots of time and money for that. In my opinion it's really hard to do it, you have to pay fee on one exchange, fee on second exchange than you have to wait for coins... I think it is for professional traders only.

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June 01, 2017, 03:57:31 PM
 #63

I use 2-3 exchange but not for arbitrage, used it when another exchange not support coin that I want to trade.

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June 01, 2017, 11:40:42 PM
 #64

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
youre strategy the name arbitrage
all people use arbitrage stategy to fast profit but majoirty not pair bitcoin fiat money, but altcoin trading, because arbitrage need fast transaction
With the amount of time it takes to get the confirmation in bitcoin,it is nearly impossible to do arbitrage in bitcoin,but with some of the exchanges under heavy DDOS and having a surge in the number of users,it is impossible to do arbitrage trade because the delays in getting your coins are really frustrating,yes i do trade in multiple exchanges but mainly in Polo and Bittrex.
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June 02, 2017, 12:47:07 AM
 #65

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

youre strategy the name arbitrage
all people use arbitrage stategy to fast profit but majoirty not pair bitcoin fiat money, but altcoin trading, because arbitrage need fast transaction

Arbitrage opportunities are extremely rare in altcoins because they are generally more liquid than Fiat currencies in the sense that you can sell any amount of it without ID. To be able to arbitrage and trade btc in general first you need to be verified, which some people is reluctant to do.

I trade on a lot of exchanges but I haven't seen any sort of worthwhile arbitrage opportunities yet. Btc-e prices is generally a lot lower but take away all the fees in deposit and withdrawal it evens out. Also you have to take into account potential market fluctuations that may happen.


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mace15
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June 02, 2017, 01:04:19 AM
 #66

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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June 02, 2017, 01:07:42 AM
 #67

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

Every exchange has their own price of their coins and it is never the same to the other exchanges, sometimes it doesn't worth moving the funds from one exchange to another one.

This because it takes time and while you are waiting someone else just made the sell or buy order and you have to wait further or "forced" to send back to the exchange you were before but now minus the fees twice.

Thank you...

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Razzoel
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June 02, 2017, 07:10:46 AM
 #68

Each exchange has its own price for each coin. You can use the price difference to arbitrage between exchanges. otherwise I don't know why someone would trade at more than 1 exchange.
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June 03, 2017, 09:59:52 AM
 #69

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

Well i think a lot of traders do that. I've been shuffling btcs from yobit to cryptopia to poloniex since i started to learn trading. You just have to be real quick because sometimes there would be a big price difference between altcoins for a short time. Also, its good to deversify your btc invrstments. There's always a risk that one or two of these platforms may shut down so better be safe by spreading your btcs

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June 03, 2017, 07:27:06 PM
 #70

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

youre strategy the name arbitrage
all people use arbitrage stategy to fast profit but majoirty not pair bitcoin fiat money, but altcoin trading, because arbitrage need fast transaction
Yes exactly the arbitrage is used by many of us so that we can get fast and easy profit and also it helps me managing my portfolio in a full fledged. I am holding 17 different coins currently and these all are not traded on the same exchanges at the same time. Most of them do but sometimes they don’t for which I am left with no other option then to go to different exchanges.
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June 04, 2017, 04:45:59 AM
 #71

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 am using multiple exchange in terms of doing trade in the platform.
 Because I do believe that in that way I can make a lot of profit in the near future in bitcoin of course.
And I know that I'm not the only one who doing this things. Wink

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June 04, 2017, 04:52:16 AM
 #72

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
Yes ofcourse but this is not usual for everytime that prices are high and low from exchange to exchange for a particular altcoin .
We need to have atleast 0.1btc at every exchange , so buy altcoin at sudden low price and sell that altcoin instantly ( but you should have that altcoin already in your exchange account ) .
Here Transfer​ of one coin from one exchange to another take much time so we should remain fully ready with better pc system and conditions that made us more quick then other .
In this way we can make profit , otherwise all this are worst to see only .
Also another thing in this case I seen that we can't make profit with high price altcoin in this case because transaction fee sometimes more ( example of eth ) .


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June 04, 2017, 05:02:10 AM
 #73

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
I am in the Bitcoin field from 2014 but I started my Bitcoin with altcoin trading about 4-5 months before and created account at three exchange poloniex , yobit , cryptopia .
Only two time I made money for the selling Bitcoin with USD and then buy at another exchange . That was really a cool moment for me to make a profit of 80$ in one minute of hardwork .
And second time I made the profit with the adz coin bought at the yobit and sold at c-cex exchange , and made the profit of 0.04btc , that was really cool moment for me .
But after that I didn't get any chance to make because after that time I am facing the problem of the confirmation for the transaction of the Bitcoin at the exchange , usually it make one week to confirm , so everything not happen at the timing .


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dihari
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June 04, 2017, 06:01:47 AM
 #74

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

The main reason people doing trading in multiple exchanges is not because the arbitrage reason. Most people use multiple exchanges to trading is because availability of the coins they want to trade.
For example.. I love trading on Poloniex, but they not provide or listed waves coin on their platform, so I go to bittrex just to be able to trade waves.

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June 04, 2017, 06:07:44 AM
 #75

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

The main reason people doing trading in multiple exchanges is not because the arbitrage reason. Most people use multiple exchanges to trading is because availability of the coins they want to trade.
For example.. I love trading on Poloniex, but they not provide or listed waves coin on their platform, so I go to bittrex just to be able to trade waves.
Hey thats what I did too! Smiley I do my main on Polo, and no, I do not like trading on multiple platforms, mainly because I don't trade a lot, so the fees gets me, and I find it tedious and troublesome. It is true that you may profit from buying the lowest price of all, but given the hassle that you have to constantlycheckforthepriceatallthesites, hmmm...   Undecided

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Magkirap
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June 04, 2017, 06:28:23 AM
 #76

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'm doing it oftentimes as I have seen that making an arbitrage is a great opportunity since there is a moment sometimes that the price in one exchanger has a huge difference than the other one. This is quite less profitable as the fee would he applieed yet it's wroth it if you arbitrage huge amount of coins.

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June 04, 2017, 07:08:50 AM
 #77

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

Every exchange has their own price of their coins and it is never the same to the other exchanges, sometimes it doesn't worth moving the funds from one exchange to another one.

This because it takes time and while you are waiting someone else just made the sell or buy order and you have to wait further or "forced" to send back to the exchange you were before but now minus the fees twice.

Thank you...
It worth transferring money from one exchangers to another, especially if you are doing it to take advantage of price variation for profit. There are a lot of opportunity for arbitrage traders since the advent of crytocurrency and many wise and skillful traders are taking advantage of it.



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June 04, 2017, 07:31:04 AM
 #78

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

The main reason people doing trading in multiple exchanges is not because the arbitrage reason. Most people use multiple exchanges to trading is because availability of the coins they want to trade.
For example.. I love trading on Poloniex, but they not provide or listed waves coin on their platform, so I go to bittrex just to be able to trade waves.
That sounds right. Doing arbitrage sometimes just too complicated and the price margin is not too big, for me TBH better to stay at the same exchange. But, if the specific coin I'm looking for is not available, there's no option but to switch to another exchange.
So far, I've used 4 popular exchanges for various altcoins. Just keep in mind to maximise your security on every exchange by enabling 2fa. Though, some exchange may take some time to list a coin. So, if my favourite exchange is done listing the coin I really wanted, will move my funds out of low priority exchanges.

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wantjokull
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June 04, 2017, 08:05:29 AM
 #79

Not a good idea really. The fees of transfer kills the profits. First fee occurs when you exchange at first site and the second occurs when you withdraw from the second site. There exist difference no matter, but it consumes time and by that time bitcoin may dump little bit causing your initial price to be void.

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June 04, 2017, 08:10:09 AM
 #80

Not a good idea really. The fees of transfer kills the profits. First fee occurs when you exchange at first site and the second occurs when you withdraw from the second site. There exist difference no matter, but it consumes time and by that time bitcoin may dump little bit causing your initial price to be void.

What you are telling is wrong way of trading in multiple exchanges. you have to split the coins you are holding or else split the bitcoins you are holding to do trade and then deposit on all exchanges where you want to trade and then trade because  between lot of exchanges you will find lot of rate differences and in that itself you can earn it. I am doing this in altcoin trading because lot of time in one exchange the price rises and other takes time in that time i buy back and other exchange i sold it on high. it is very profitable to trade in multi exchange














 

 

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