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Author Topic: Do you trade at multiple exchanges?  (Read 19261 times)
Vanester2014
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April 06, 2018, 08:17:17 AM
 #581

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

That was they called arbritrage trading that you have to transfer your bitcoin or other tokens into another exhanger and sell it for a good price. But you have to be carefull about this since in a matter of minates and you will stack on that price so you have to use the coins with a most faster transaction to do it.

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April 06, 2018, 09:06:02 AM
 #582

I trade on different exchanges not because of the difference in the price of currencies. And because of the difference in the tools and capabilities presented to them. On one you can short, on others more currency pairs.

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April 06, 2018, 09:25:38 AM
 #583

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

The process of buying a coin on one exchange and then selling on another exchange at a higher rate, is simply known as arbitrage trading. But this is not the reason me. I trade on multiple exchanges because not all coins are found on one exchange.

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April 06, 2018, 02:18:29 PM
 #584

In this online market there are too many exchanges but I am not used to money changer but I am just see who money exchange because who is exchanges is best and who is token is ad so I just analyses multiple exchange. Recently I am use binance and bittrex sometime I am use polonix because those three exchange is very favorite for me and it is very trusted in this online industry so I am use multiple exchanges for my trading. I know the total exchanges history so I am not put my all money in a one basket.
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April 06, 2018, 02:21:47 PM
 #585

Yes, of course, you need to use different exchanges. This makes it possible to operate a large number of cryptocurrencies and play with arbitrage.
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April 06, 2018, 02:23:27 PM
 #586

Yes, i do trading at multiple exchanges because it is a way for me to find good coins to trade and also to arbitrage and it is the best way for me to get some few profits since i can easily do arbitrage since i have different accounts. It is also good to trade at multiple exchanges because you cannot miss any new coins for sure.
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April 06, 2018, 06:03:24 PM
 #587

Yes, of course, you need to use different exchanges. This makes it possible to operate a large number of cryptocurrencies and play with arbitrage.


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April 07, 2018, 04:48:30 AM
 #588

Yes, of course, you need to use different exchanges. This makes it possible to operate a large number of cryptocurrencies and play with arbitrage.

I did try that before since prices of each coins have a slight difference if you will compare it from one exchange to another. Nowadays, it's pretty much the same but I really hate the transaction process as it is really, really slow. The possibility of playing a large number of coins through arbitrage trading can only be done if we have ultra fast lightning network, as one movement of a coin's market price can affect the whole trading parameter. One miss mark and you might be at a losing stage. I still remember (and missed) those days that I can earn around $100/day from arbitrage trading starting with a few bucks.
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April 07, 2018, 05:02:33 AM
 #589

Yes, of course, you need to use different exchanges. This makes it possible to operate a large number of cryptocurrencies and play with arbitrage.
Well, that right. Also for me, I'm always use different Exchanger for arbitrage moment.
Trade at multi Exchanger is the best way to make some profit with Arbitrage.
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April 07, 2018, 05:29:50 AM
 #590

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 am trading in some market that has a very high trading volume movement or if the distance of price difference from this market and other market is different then I usually do arbit price by buying in market which its price is still cheap and sell it in market already get an expensive price to be able to get some profit from utilizing different price ranges.

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April 07, 2018, 02:59:58 PM
 #591

Bittrex became my top choice in trading. I used to use exchange polo, but now it seems there is a problem with the exchange. I will wait until everything can go normal. Comfort and security are my priorities in choosing an exchange in trading. Because with comfort and security I can have a good mood in trading and make the right decision.
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April 07, 2018, 03:32:52 PM
 #592

yes i do
trading in 1 exchange not good though
my mean u can't monitor or compare about the price,
i ussually using more than 4 market to compare the price, that good so i can decide what coin that good to buy
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April 07, 2018, 03:50:32 PM
 #593

Bittrex became my top choice in trading. I used to use exchange polo, but now it seems there is a problem with the exchange. I will wait until everything can go normal. Comfort and security are my priorities in choosing an exchange in trading. Because with comfort and security I can have a good mood in trading and make the right decision.

I also participated in poloniex exchange and exactly as you said, they have too many problems that until now, they still can not solve them thoroughly, especially errors in the transaction process and their support team, it makes many people uncomfortable, sometimes miss a lot of opportunities to make money. Therefore, most people are abandoning this exchange, switching to bittrex or binance, this is a very good exchange, support is also fast and rare error in the transaction, I also enjoyed these exchanges and some other exchanges such as yobit or hitbtc, each exchange will have different interesting and a list of different coin

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April 07, 2018, 07:48:50 PM
 #594

Yes I have some new coins that are listed in new exchanges in starting level and makes allow the trading with these exchanges so that is why I have tokens that are listed in multiple exchanges for trading purposes,
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April 08, 2018, 05:21:55 AM
 #595

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
All exchange has the individual value of their coins, and it is not ever the same to the other exchanges. I don’t trade at multiple exchanges but I already try it I know that excellent idea, but I don’t like because it makes me more distracted. Sometimes I forget which exchange I use that coins. I only do the trading on the poloniex. I am very comfortable in the poloniex and give bigger returns
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April 08, 2018, 07:06:57 AM
 #596

I only trade primarily in 1 to 2 exchanges because the transaction fees between the exchanges are huge, surely you would not want to pay a high fee for the trade. I often use Binance and Bittrex to make my own commercials and I am very pleased with the quality of these two exchanges.
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April 08, 2018, 01:41:02 PM
 #597

That's a lot and I can even only manage to trade at 2 places. I don't have enough time to check and monitor differences when it comes to the pricing to do such strategy from multiple exchanges but if I will have enough time. I don't do arbitrage with those 5 exchanges. It maybe profitable but not much especially for a person like me who's got a real job too
Miracleismyidol
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April 08, 2018, 01:41:16 PM
 #598

That's a good strategy that i'm using quite a lot before but not that often now. The high fees from transferring from ine exchange to another is really a setback for people using this strategy. 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
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April 08, 2018, 01:41:25 PM
 #599

I only trade at one exchange that is Poloniex. But I am thinking of putting some funds in bittrex also as Polo has very limited number of coins and at bittrex many smaller coins are present. I am always involved with, it's kind of no comparison at all I am always dependent of their current market and has no option to divert some funds to other exchangers
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April 08, 2018, 01:54:03 PM
 #600

Yes i do, because the main reason will be the performance of the exchange and the coins there because of course you can't see coins in all exchange.
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