Do you trade at multiple exchanges?

[niisarearning]

 arbitrage trading is always depend on exchanges but here if you use coinbase and withdraw and use it in other exchanges you will be in loss without trading because of high fees

[Devboy]

I truly believe that do trade on multiple exchange site. Actually a good recommendation to trade on multiple exchanges which through you have good ideas among the exchange site at the same time, and there have tricky way to get benefit shortly.

[HatakeKakashi]

Different exchanges site sometimes have different price also but its near the price to each other . But sometimes I buy to the other exvhanges site or trading site and withdraw it send to othe exvhange site because sometimes the sell is hifh compared to the exchanges where i bought coin and my strategy is very effective and i earn profit but not big .

[jerowacik]

arbitrage trading is always depend on exchanges but here if you use coinbase and withdraw and use it in other exchanges you will be in loss without trading because of high fees

Some exchanges apply a high enough cost to withdraw, so we have difficulty in making any profit in any arbitration action. Those who want profit must have enormous capital, maybe above 5 bitcoins to be able to do arbitration that can get profitable.

[panganib999]

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

That term called arbitrage trading but it is very rarely to happen and if you will do that maybe you will just lose because the time of confirmation is very long so you will just lose the time to arbitrage trade. So I think it is good to trade with just one trading site less hassle and less gamble in the arbitrage trading.

[bitcoinmasterlord]

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

That term called arbitrage trading but it is very rarely to happen and if you will do that maybe you will just lose because the time of confirmation is very long so you will just lose the time to arbitrage trade. So I think it is good to trade with just one trading site less hassle and less gamble in the arbitrage trading.

Correct the confirmation time is too long if you do trade with multiple exchanges then there is a chance to lose more money. I tried this method when the price hit $2900. In my country, one local exchange is giving 15% more profit than present price, so I planned to buy a coin from another site I did but the confirmation took 1 day time, and when my Bitcoin arrives at my address that time  t price drop so I could not make any profit in that trade.

[asyakashi]

Past time, I just trade on Poloniex, but recently Poloniex have some issue about withdraw and lag when the price crashing. Now, I'm trading on 3 exchange site:
1. Poloniex for day trading: have big volume and buy/sell very fast
2. Bittrex: for ICO and hold altcoin
3. Cryptopia: for trash coin I mined =))

Poloniex is still very safe, if there is interference and it has been fixed. Which happens to you may be the cause is a poor internet connection.

[Colt81]

Past time, I just trade on Poloniex, but recently Poloniex have some issue about withdraw and lag when the price crashing. Now, I'm trading on 3 exchange site:
1. Poloniex for day trading: have big volume and buy/sell very fast
2. Bittrex: for ICO and hold altcoin
3. Cryptopia: for trash coin I mined =))

Poloniex is still very safe, if there is interference and it has been fixed. Which happens to you may be the cause is a poor internet connection.

I don't think so. Three of what he has mentioned is also safe. I think security is what they differ. I think  their web design and their service is what a person is looking for.

[layoutph]

It is a wise saying that do not put all your eggs in a single basket. So I do not put all my bitcoin in Poloniex, I also trade on Bittrex, Liqui.io, cryptopia.co.nz. We cannot tell what happened tomorrow right? May be one of these crypto broker site might get hacked or turned to a scam. Atleast you still have bitcoin.

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

[gabmen]

Past time, I just trade on Poloniex, but recently Poloniex have some issue about withdraw and lag when the price crashing. Now, I'm trading on 3 exchange site:
1. Poloniex for day trading: have big volume and buy/sell very fast
2. Bittrex: for ICO and hold altcoin
3. Cryptopia: for trash coin I mined =))

Poloniex is still very safe, if there is interference and it has been fixed. Which happens to you may be the cause is a poor internet connection.

I don't think so. Three of what he has mentioned is also safe. I think security is what they differ. I think  their web design and their service is what a person is looking for.

Bittrex and polo i think are the two most used platforms for most traders and its understandable that these exchanges have that much trust. I've heard about the issues with polo though i haven't yet experienced any of them personally. I also trade with yobit though a bit carefully with the not so common coins and everythings been smooth there as well so far.

[enhu]

Past time, I just trade on Poloniex, but recently Poloniex have some issue about withdraw and lag when the price crashing. Now, I'm trading on 3 exchange site:
1. Poloniex for day trading: have big volume and buy/sell very fast
2. Bittrex: for ICO and hold altcoin
3. Cryptopia: for trash coin I mined =))

Poloniex is still very safe, if there is interference and it has been fixed. Which happens to you may be the cause is a poor internet connection.

I don't think so. Three of what he has mentioned is also safe. I think security is what they differ. I think  their web design and their service is what a person is looking for.

Bittrex and polo i think are the two most used platforms for most traders and its understandable that these exchanges have that much trust. I've heard about the issues with polo though i haven't yet experienced any of them personally. I also trade with yobit though a bit carefully with the not so common coins and everythings been smooth there as well so far.

These two don't have USD gateways which is not really that good for some traders who will send btc to usd at some point when BTC price starts to dip. I do use both but I prefer to use BTC-e and some exchanges like Kraken and Bitstamp.

[pearlmen]

I have account on multiple exchanges and its always due to when the need arises for such in the sense that it's due to necessity maybe someone wants to transfer some coin to me and I needed to submit an address from a particular exchange then I open and from there I started using it but for arbitrage, I have not been able to go for it due to similarities inlrice quoted and the ones with high margin are really dependent on verification in which document they ask is what I cannot afford.

[Lomberjack]

I have account on multiple exchanges and its always due to when the need arises for such in the sense that it's due to necessity maybe someone wants to transfer some coin to me and I needed to submit an address from a particular exchange then I open and from there I started using it but for arbitrage, I have not been able to go for it due to similarities inlrice quoted and the ones with high margin are really dependent on verification in which document they ask is what I cannot afford.

For this reason, we can see how complicated making an arbitrage is. Instead on focusing on arbitrage, I think it's better to focus at one exchanger at a time so you can easily understand how does coin used to flactuates/volatiles on that particular trading site.

[darthmaul]

One of the favourite pass time is exchanging with multiple exchanges. You can literally grab that 2-3% of loss on one site to another by switching between platforms. I always do this with yobit, bittrex, and livecoin. These platforms are always having lots of price value difference. I buy from one and try to keep it constant trade on that single exchanger and after the volume starts increasing I compare the 24 hours volume on all of them. This is obvious that the one who gotten more volume will always lead to highest sell price. Then I immediately transfer the coin to that exchanger and sell it out. The exchanges are very fast due to zero confirmation, usually takes less than 10 min so you don't loose bets usually. Amazing concept and love it doing all the time.

[asyakashi]

Past time, I just trade on Poloniex, but recently Poloniex have some issue about withdraw and lag when the price crashing. Now, I'm trading on 3 exchange site:
1. Poloniex for day trading: have big volume and buy/sell very fast
2. Bittrex: for ICO and hold altcoin
3. Cryptopia: for trash coin I mined =))

Poloniex is still very safe, if there is interference and it has been fixed. Which happens to you may be the cause is a poor internet connection.

I don't think so. Three of what he has mentioned is also safe. I think security is what they differ. I think  their web design and their service is what a person is looking for.

Bittrex and polo i think are the two most used platforms for most traders and its understandable that these exchanges have that much trust. I've heard about the issues with polo though i haven't yet experienced any of them personally. I also trade with yobit though a bit carefully with the not so common coins and everythings been smooth there as well so far.

These two don't have USD gateways which is not really that good for some traders who will send btc to usd at some point when BTC price starts to dip. I do use both but I prefer to use BTC-e and some exchanges like Kraken and Bitstamp.

Important to try. Never try anything other than poloniex, Bittrex, or Liqui. Each exchanger has different advantages, not the intention to patronize each other because every user is very concerned about security and comfort in transacting.

[recklessMe]

Simply put, any form of trading is aimed at making best profit. Trading within one single exchange is not always that rewarding. Cryptocurrency like no other asset allows for making good money from arbitrage due to a wide spread in prices among the exchanges.

By the way there was a thread about arbitrage trading here recently.

[Despacito]

I trade on Yobit and liqui very frequently. Because I like bitcoin and ethereum trades compared to the token trades. I sometimes use poloniex and bittrex too but not that much really.

[shata]

personally i have accounts on different platforms
you can compare prices
in some i do arbitrade
in some i do short trades
but now i think its not advisable
because of the blockchain traffic
its just good to have btc available on those platforms
so you can trade good coins available.
Happy trading everyone

[Wipro]

I trade on Yobit and liqui very frequently. Because I like bitcoin and ethereum trades compared to the token trades. I sometimes use poloniex and bittrex too but not that much really.

Just to convert as Fiat for the usage that would be fine. If you been a regular trader invest with the huge fund managing multiple trading account will not easy task to do.
If you have human source or not can control that will work else you can do trading one or two trading exchanges alone.

[Bitmedrano040117]

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, depending on you in which of them your gonna use, of course you must search it first before you trade in that platform. And I don't see any wrong with it as long as it gives you benefits and profit.

Correct and using multiple exchange site your risk will be lessen and also profit will maximize. I think that is the way of thinking of more traders.
Just be careful on engaging in exchange site because there are many sites are scam specially for newbie they should search first before they act.

That's true, its not because it is an exchange sites it means its a good platform already, Of course its not like that anyway.
But doing trade in multiple exchange is nice idea actually.