sonic22
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Activity: 144
Merit: 19
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April 16, 2018, 04:44:04 PM |
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If you don't only trade major pairs to USDT then you absolutely have to trade on few exchanges. I am registered on about 15 of them and actively trade on 4-5.
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mammusu
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April 16, 2018, 04:49:39 PM |
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Of course, we trade at mulitple exchanges, because all coins is not be listed on the exchanges
If you are trader, you need to trading on multiple excanges.
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doycku
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April 16, 2018, 06:36:03 PM |
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Of course, we trade at mulitple exchanges, because all coins is not be listed on the exchanges
If you are trader, you need to trading on multiple excanges.
but nevertheless we have to choose among a small number of trade exchanges. To date, there are quite a lot of Eco companies that are promoting their new exchangers or crypto-exchange exchanges. Maybe new resources will come to the market, which we can use. |
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Ayush rana
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April 16, 2018, 09:27:24 PM |
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Yes i do trade in multiple exchange because the gap between two exchange price it is very easy to do trading and earn profit but for that the one should always spend more time in recording the data of the exchanges
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maximrussky
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April 16, 2018, 09:48:51 PM |
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It's called arbitrage trading. Here's why all the prices aren't the same:
-There's a "spread" on most exchanges, which is the difference between the buy and sell prices.
-Some exchanges have high fees (e.g. Coinbase)
-Some exchanges are dysfunctional (Bitfinex, BTC-E, Chinese exchanges), and some exchanges are also extremely shady/annoying when you move large amounts (BTC-E, Poloniex and more).
Overall doing arbitrage with several exchanges can get very hard. There are some minor opportunities with the extreme price fluctuations that go on, but they're gone very fast. I don't recommend you get involved unless you know what you're doing or you can trade with foreign exchanges (like South Korea).
That's the way for such operations in the form of arbitration, there is a special platform, recently just started to work and now I think they will start well. name -ARBIDEX |
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maximrussky
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April 16, 2018, 09:50:18 PM |
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Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
I think that this is not profitable. Since the time of the tarnzaktsy passes long. However, if you have simultaneous accounts on 4-5 exchanges, you can then automatically trade and receive a profit) |
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nelson4lov
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April 16, 2018, 10:21:59 PM |
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Yes i do trade in multiple exchange because the gap between two exchange price it is very easy to do trading and earn profit but for that the one should always spend more time in recording the data of the exchanges
Not only that. You should also consider withdrawal fees on each and every exchange you would be using during your arbitrage trades. I used to be a huge fan of arbitrage trading. I remember someone made a bot to help with that. But the exchange fees made it unprofitable. Especially in cases where the cryptocurrency I'm trying to trade is bitcoin. The fees just eats up the profits that I would've made. |
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Choii
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April 17, 2018, 12:35:08 AM |
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Do you trade at multiple exchanges?
if unison in one monitor i said no, but when it comes to trade my altcoin through bounty campaign that i joined i trade in multiple exchange, i mean i choose where is the exchange site for my token that a big volume price. Indeed if i give a chance to trade dailly i choose the top exchange site that have a big volume of price like Binance, Bittrex, HitBtc etc. In deferent monitor lets say five monitor. |
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candy69
Member
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Activity: 392
Merit: 12
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April 17, 2018, 12:55:46 AM |
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I think that It is not a good idea to put all your trust in a single exchange. As these exchanges are not fair in their dealings, so I use multiple exchanges.
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boris singer
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April 17, 2018, 03:24:34 AM |
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if you are familiar with apps like coinigy or tabtrader, maybe you will understand more, other than that multiple exchange is also useful for arbitrage, it can not use a small nominal to bear a considerable fee, but this technique is used by many traders for more profit large where there is a difference in price difference between markets with each other.
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doch
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April 17, 2018, 03:25:20 AM |
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Of course, we trade at mulitple exchanges, because all coins is not be listed on the exchanges
If you are trader, you need to trading on multiple excanges.
Yes that is right that most of the people here may use multiple exchanges, Actually different coins are listed in different exchanges, so if you are interest in different coins to trade so you must have registration in that exchange where the coin is listed and only there you can trade the coin. Tome i am also using multiple exchanges which is use for trading different coins. |
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bitcoin31
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April 17, 2018, 04:17:14 AM
Last edit: April 17, 2018, 05:03:41 AM by bitcoin31 |
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Sometimes I do that . I compared to the price from other exchanges site and I sell it to other. I remembered before the price of the bitcoin is little differenct to other exchanges site so I convert to dollars price and I buy bitcoin to other who cheap price of the bitcoin. I get more than $20 I remembered but as of now I will not do taht because we know each exchanges site now are near the price so if you do this and you withdraw your bitcoin and convert it other exchanges site for sure you lose of your money why? It's because the withdrawal fee is more than the possible you get so better to keep snd exchanges your bitcoin to exchanges site where is in.
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HeavenIneed
Newbie
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Activity: 68
Merit: 0
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April 18, 2018, 01:17:48 AM |
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Don't you think different tradings are helpful to reduce loss suffered by one trade and make it up with other
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deppil
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April 18, 2018, 01:28:39 AM |
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Yes, I am trading in many places. To eliminate the risks of hacking or other problems. I have been trading in a few places like ETHfinex, bittrex and binance ... I'm not a person with a lot of trading experience, but these transactions have brought me a sense of peace and safety.
probably not just to avoid the risk of hacking but by using many exchanges you have variations in having a coin for your investment, you also have different coin price variations with other exchanges so you can have which is cheap or expensive. by trade using multiple exchanges you can also very likely do arbitrage for easy profit |
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lushlifing
Newbie
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Activity: 196
Merit: 0
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April 18, 2018, 06:49:42 AM |
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I don't recommend though, why not use only one?Why make life hard? lol. You can use Binance, low fees, great volume.
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mega
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April 18, 2018, 07:35:13 AM |
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Yes,It give me more exposure about trading and feel the clear differnce thtat which one is performing well.I personally like okex,and Upbit but i also use Binance,Gate io,Hitbtc.
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Got my account back! It was hacked. Sorry about it :|
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prashanta
Copper Member
Sr. Member
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Activity: 728
Merit: 250
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April 18, 2018, 07:45:01 AM |
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well,
organizations which can be listed in more than one stock exchanges are normally large and provide this to make buying and selling their stocks less difficult for a bigger part of the sector. it's also to draws the extra liquidity and better percentage fee.
So genuinely i do trade in multi-exchange as a great deal as possible. not best me all trader used to multi-exchanger for buying greater income.
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loof99
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April 18, 2018, 05:59:35 PM |
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Yes, I trade in multiple exchanges since there are some electronic wallets that have a credit limitations in terms of its financial transactions, therefore in order to prevent that you should take multiple exchanges.
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Mhedz
Full Member
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Merit: 100
ELYSIAN | Pre-TGE 5.21.2018 | TGE 6.04.2018
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April 19, 2018, 08:14:30 PM |
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Yes,i do trade at multiple exchange like poloniex,hitbtc,mercatox,okex,coinexchange,etc. since coins are listed on different exchange,and i'm doing also the arbitrage technique, not quite easy but can give huge profit when you made arbitrage during dip season,
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rhayot
Newbie
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Activity: 351
Merit: 0
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April 20, 2018, 03:40:04 AM |
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Yes, I trade in different exchanges and I think it is being a wise idea to trade in different exchanges because of the price of your altcoin or bitcoin that varies in these different exchanges. If you want to earn a high profit and as a trader, you should open your mind that don't stuck only in one exchange site. And, there's no any bad about that as long as you are doing what you think is right.
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