BTC--->USD day trading possible?

[btcwish1]

Hi Friends,

Is it possible to do BTC--USD ( not any other coins) day trading? Which platform will be good for this?

I tried in coinbase but their fees is too high. I tried to do with 1 BTC and I end up loosing money.  I sold 1 btc and they charged $80 then when I bought back again they charged again $80 so instead of making some money when btc price increaased about $150, I lost $10  because of fees.

So, is there any other platform that charge less fess so that at least I can make money if btc price increases about $150 or so?

Many Thanks 

[1714893042]

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[1714893042]

1714893042

[1714893042]

1714893042

[1714893042]

1714893042

[AdolfinWolf]

Hi Friends,

Is it possible to do BTC--USD ( not any other coins) day trading? Which platform will be good for this?

I tried in coinbase but their fees is too high. I tried to do with 1 BTC and I end up loosing money.  I sold 1 btc and they charged $80 then when I bought back again they charged again $80 so instead of making some money when btc price increaased about $150, I lost $10  because of fees.

So, is there any other platform that charge less fess so that at least I can make money if btc price increases about $150 or so?

Many Thanks 

Yes, there is a variety of exchanges you can do this on. For example, http://gdax.com http://cex.io http://bitfinex.com, http://bitstamp.net

The fees on all of these exchanges are different, so you have to find out which one fits your payment method best, and which one is the most comfortable for you. I personally enjoy bitfinex, due to them having the most liqudity and a  very good layout, but that's pretty much personal preference.

Also, you could've find most of them by a simple google search, which is something i would recommend you do next time

[dothebeats]

Have you tried using Bitstamp? For starters, they charge 0.25% on every successful trades and this is subject to change as your account gets verified. So at the current market rates, that would be $15/1 BTC successful trade. You can also try Kraken and Poloniex if you think Stamp wouldn't cut the chase. Just be ready on verification of your identity so you can trade easily.

[btcwish1]

Thank You for your reply guys. it's very helpful

[iopinion]

The easiest exchange to buy and sell for USD is gdax. But they only have Bitcoin, Litecoin and Ethereum. I like to buy and sell for $, i am stuck with trading only these 3. Other altcoins i trade for Btc on bittrex.

[Intensity]

I recommend GDAX if you are only trading USD to BTC. If you use a limit order to purchase BTC, you will not be charged any fees. GDAX is the exchange for Coinbase, and the only thing Coinbase has is a nice GUI system. The system is not worth the fees. 

[jartodt]

Why not kraken ?

[pugman]

Hi Friends,

Is it possible to do BTC--USD ( not any other coins) day trading? Which platform will be good for this?

I tried in coinbase but their fees is too high. I tried to do with 1 BTC and I end up loosing money.  I sold 1 btc and they charged $80 then when I bought back again they charged again $80 so instead of making some money when btc price increaased about $150, I lost $10  because of fees.

So, is there any other platform that charge less fess so that at least I can make money if btc price increases about $150 or so?

Many Thanks 

Coinbase is never the right option for one to trade bitcoin and USD. Better go with bittrex and poloniex. But be very very very careful with bittrex, they are banning and closing accounts recently without any prior notice and they won't return your money back to you. And poloniex requires KYC documents just to increase your limit's from 0$. Better keep your documents ready and make sure you have done enhanced verification in these exchanges, other than that you're all set to go.

[StraddleHQ]

GDAX is what we recommend for Day trading involving USD pair , If you want more flexibility than BTCCHINA is a choice, the thing needs to be understand is that CNY with USD combination is also volatile so you can make a good margin if you are a Individual Trader.

Brad
Knowledge based support
Straddle.fund
GB

[Rinsend]

Have you tried using Bitstamp? For starters, they charge 0.25% on every successful trades and this is subject to change as your account gets verified. So at the current market rates, that would be $15/1 BTC successful trade. You can also try Kraken and Poloniex if you think Stamp wouldn't cut the chase. Just be ready on verification of your identity so you can trade easily.

do not you think that poloniex is easier for beginners?
I am since I started trading only in Poloniex and this always gives me a definite advantage, certainly verification is the main thing in all exchange,
Poloniex I prefer because it is easier or I should try another place to trade?
I was still dalah beginner stage that's why I have not dared try to trade in other places

[Wind_FURY]

It is possible if you have experience in day trading, if that strategy suits you and your skill set and most importantly if you have enough money to "weather the storm".

If you are new to trading, stick to buying the dip and hold. It works better in my experience.

[pawanjain]

BTC/USD day trading is only profitable when you hold a big amount of BTC and 1 BTC will do the thing.
But don't do it in wallets like coinbase or other, their charges are very high brother. Try it on exchanges like Bittrex.
But first make sure that you have your account verified as people are facing issues in verification. Once verified you can deposit your money and trade it to USDT (tether). You can earn good profits if you plan your trades well. Whenever you feel like withdrawing, withdraw it to your wallet from where you can get the money in your bank.

[Noctifer]

Hi Friends,

Is it possible to do BTC--USD ( not any other coins) day trading? Which platform will be good for this?

I tried in coinbase but their fees is too high. I tried to do with 1 BTC and I end up loosing money.  I sold 1 btc and they charged $80 then when I bought back again they charged again $80 so instead of making some money when btc price increaased about $150, I lost $10  because of fees.

So, is there any other platform that charge less fess so that at least I can make money if btc price increases about $150 or so?

Many Thanks 

If you have a Coinbase account use GDAX instead. It's their exchange and has lower fees (0.25% taker and 0% maker fee). You can transfer your money/crypto from/to GDAX instantly with no cost.

[AjithBtc]

Hi Friends,

Is it possible to do BTC--USD ( not any other coins) day trading? Which platform will be good for this?

I tried in coinbase but their fees is too high. I tried to do with 1 BTC and I end up loosing money.  I sold 1 btc and they charged $80 then when I bought back again they charged again $80 so instead of making some money when btc price increaased about $150, I lost $10  because of fees.

So, is there any other platform that charge less fess so that at least I can make money if btc price increases about $150 or so?

Many Thanks 

If you have a Coinbase account use GDAX instead. It's their exchange and has lower fees (0.25% taker and 0% maker fee). You can transfer your money/crypto from/to GDAX instantly with no cost.

Unlike the exchanges and the fee it's good to take part into day trading of bitcoin to USD. This is quite simple than other forms of trading as well bitcoin to USD trading is available with majority of the trading exchanges. At present its more profitable as price variations were happening high.

[Sewarlock]

I will mention two things about your post:

1. If you want to use Coinbase do it only when purchasing FIAT currencies (don't convert from Crypto to FIAT when you're trying to trade, because as you've mentioned the fees are ridiculous on those platforms). So have coinbase only as a way to finance your wallet. What you want to use in an exchange like Bittfinex, Bitrex, Gdax etc. these exchanges are "specifically" designed for trading and the fees are much lower than what you would expect on Coinbase for example.

2. You've mentioned that you're hoping to make 150 dollars by purchasing/selling 1 BTC.. one BTC is currently valued at around 5.5k which makes your 150$ target only a 2.5% profit.. which is really low because the commission fees for trading are about 0.25% which means for a buy/sell order you'll be lieft with a 2% profit. That's really low and not worth "investing" one BTC to get that amount back. What you want to do is buy BTC and keep it! Until it appreciates a lot, not only 150 dollars (that's a waste of time/money/energy). Better to keep your order only on the buy side (try not to sell unless you really have to/need the cash).

[Svelto]

Trading in coinbase oftens incur high fees. If you intend to day trade on a daily basis, you can try exchanges such as Bittrex that support USDT. USDT is a crypto coins that is pledged to USD price.

[carlerha]

Trading in coinbase oftens incur high fees. If you intend to day trade on a daily basis, you can try exchanges such as Bittrex that support USDT. USDT is a crypto coins that is pledged to USD price.

For day trding it is much more important to you must have good expeeirnce in day trading. because there is a big different between day trading and long term trading. In day trading you must have a good decision powerm so that you can take a quick decision, you must remain as active, you must study the market on regualr baases and you also need to chose such exchgane for day trading where the transaction fee is not so high, becasue you have take more than 1 transaction everyday, therefore its important to use such exchanges where the fee is reasonale.

[bitcub]

Playing swing trade with Bitcoin and USDT is much safer than playing with other alts, as Bitcoin has a huge number of Marketcap and old chart patterns can be used as guide from its future movements.

Hi Friends,

Is it possible to do BTC--USD ( not any other coins) day trading? Which platform will be good for this?

I tried in coinbase but their fees is too high. I tried to do with 1 BTC and I end up loosing money.  I sold 1 btc and they charged $80 then when I bought back again they charged again $80 so instead of making some money when btc price increaased about $150, I lost $10  because of fees.

So, is there any other platform that charge less fess so that at least I can make money if btc price increases about $150 or so?

Many Thanks 

[no0dlepunk]

Well, not USDT itself... but I did BTC/USDT in Poloniex and Bitfinex. You can also try using bots for trading Bitcoins against US Dollar Tether, I have one which I purchased from Gunthar... (I would like to sell mine now, because I stopped trading already and focus on something else).

[albert11]

Yes it can. as long as there is knowledge of trading. It is easy for you to trade in BTC-USD. Just keep in mind. Always look for good timings as you earn more than a bit of bitcoins. You've always bought down the bitcoins. And sell it when it's up.

[RealPhotoshoper]

Have you tried using Bitstamp? For starters, they charge 0.25% on every successful trades and this is subject to change as your account gets verified. So at the current market rates, that would be $15/1 BTC successful trade. You can also try Kraken and Poloniex if you think Stamp wouldn't cut the chase. Just be ready on verification of your identity so you can trade easily.

Bitstamp one of my favorite exchange , they are the oldest one too , no doubt about how good the service.
Coinbase is indeed sucks when it comes to taking fee , they are bunch of greedy people.
Just avoid to use poloniex especially when you planning to trade with big amount , my withdrawal pending for long time a lot of times.

[quochuan29]

NO just hold it. Look at the chart last 3 months you will see..

[btcdevil]

Hi Friends,

Is it possible to do BTC--USD ( not any other coins) day trading? Which platform will be good for this?

I tried in coinbase but their fees is too high. I tried to do with 1 BTC and I end up loosing money.  I sold 1 btc and they charged $80 then when I bought back again they charged again $80 so instead of making some money when btc price increaased about $150, I lost $10  because of fees.

So, is there any other platform that charge less fess so that at least I can make money if btc price increases about $150 or so?

Many Thanks 

Why dont you try some exchanges like, poloniex, bittrex they are very good in BTC-USD trading and their fees is also low. The trading volume is also high so you can trade very easily.

[Yuhee]

Have you tried using Bitstamp? For starters, they charge 0.25% on every successful trades and this is subject to change as your account gets verified. So at the current market rates, that would be $15/1 BTC successful trade. You can also try Kraken and Poloniex if you think Stamp wouldn't cut the chase. Just be ready on verification of your identity so you can trade easily.

Bitstamp one of my favorite exchange , they are the oldest one too , no doubt about how good the service.
Coinbase is indeed sucks when it comes to taking fee , they are bunch of greedy people.
Just avoid to use poloniex especially when you planning to trade with big amount , my withdrawal pending for long time a lot of times.

I think coinbase just hasnt updated the fee since the price is increasing. But also become their problem. Most users also who had old accounts on some exchange sites needed to verify their accounts like me. I forgot my account and the info's i used was the legit ones. And i was shocked when i access to withdraw some old funds that needed verification which i already used in my new account.

[Kittymer]

Coisebase is a reasonable choice. Because coisebase offers many great features, it also stores a lot of crypto. I always choose to store bitcoin on coisebase.

[ausbit]

NO just hold it. Look at the chart last 3 months you will see..

Holding is so much amazing right now. Seriously you will not be going to regret rather if you sell now even with some good ratio of profit still after 3-4 months you will be abusing yourself in regret that why you had done that. Like you said, the market is so fluctuating, still your coin will help to get more than handsome profit ratios. Your future will be happy and prosperous.

[naidray]

Coisebase is a reasonable choice. Because coisebase offers many great features, it also stores a lot of crypto. I always choose to store bitcoin on coisebase.

Do you even have the slightest idea of what you are talking about? What is Coisebase ?
If you had mention it once, I could have even assumed it to be a mistake, but 3 times in a row, is apparently not a mistake. Maybe, I am the one mistaken, has anyone ever heard of coisebase ?

I even had to check google to be sure maybe, I was the one being paranoid. Some dudes on this forum can make you sick and as much as you want to ignore, they keep getting plenty all the time.

[Emitdama]

Coisebase is a reasonable choice. Because coisebase offers many great features, it also stores a lot of crypto. I always choose to store bitcoin on coisebase.

Do you even have the slightest idea of what you are talking about? What is Coisebase ?
If you had mention it once, I could have even assumed it to be a mistake, but 3 times in a row, is apparently not a mistake. Maybe, I am the one mistaken, has anyone ever heard of coisebase ?

I even had to check google to be sure maybe, I was the one being paranoid. Some dudes on this forum can make you sick and as much as you want to ignore, they keep getting plenty all the time.

Hahaha this happens every time. I thought I had read about this coin base somewhere in this forum. But then I realized no there is nothing like it. I google it and there comes nothing related to any crypto thing. Make sure what you are talking about, you must know about it. Like this, if you are just writing and you don’t know even what are you writing, that is of no use and value.

[PokerFace3]

Hi Friends,

Is it possible to do BTC--USD ( not any other coins) day trading? Which platform will be good for this?

I tried in coinbase but their fees is too high. I tried to do with 1 BTC and I end up loosing money.  I sold 1 btc and they charged $80 then when I bought back again they charged again $80 so instead of making some money when btc price increaased about $150, I lost $10  because of fees.

So, is there any other platform that charge less fess so that at least I can make money if btc price increases about $150 or so?

Many Thanks 

Why dont you try some exchanges like, poloniex, bittrex they are very good in BTC-USD trading and their fees is also low. The trading volume is also high so you can trade very easily.

I would rather choose bittrex anytime any day. Good platform, good fees and you can just trade directly with USDT, which is like the same equivalent with trading with USD.

However, there has been some recent update with people and most especially newbies having to verify their account with their ID, so if you have nothing to hide, that should not be a problem otherwise, without verification, you may not be able to get your funds out.

[beerlover]

NO just hold it. Look at the chart last 3 months you will see..

There is a difference between day trading and HODLing mate!
BTC-USD day trading is possible if the OP is good with trading and can make some good decisions. Trading is a profitable way of increasing your coins and also making some huge profit at the long run from the value. So why would anyone want to hold, if they can make profit from what they are holding ?

Based on market flotations I choose day trading and holding options. There will be no meaning of going for day trading when market does not have enough fluctuations.

[rxone]

Yes, can it. there is a variety of exchanges you can do this on.

[Shenzou]

Bitcoin has a short but impressive price move which makes it the best coin for day trading, but the only thing that maeks it so differnet than regular trading is that you need to keep an eye on the charts and know exactly what to do and have confidance that you won't mess up, unlike the long term trading where you buy a low and sell at the next major peak, which more of a relaxed and easy strategy, so unless you don't have a job and you can sit and keep an eye on the markets and you know what you are doing than day trading might be a bit risky.

[nodav]

It's possible but actually now it's more convenient to perform swing trades or buy-n-hold. And there is a lack of liqiudity and margin-trading stuff to perform day-trading as well

[monkeydominicorobin]

Hi Friends,

Is it possible to do BTC--USD ( not any other coins) day trading? Which platform will be good for this?

I tried in coinbase but their fees is too high. I tried to do with 1 BTC and I end up loosing money.  I sold 1 btc and they charged $80 then when I bought back again they charged again $80 so instead of making some money when btc price increaased about $150, I lost $10  because of fees.

So, is there any other platform that charge less fess so that at least I can make money if btc price increases about $150 or so?

Many Thanks 

Always calculate the fees when it comes to trading. The problem with 0 fees like GDAX is it may be charging fees as well. So don't rely on advertising or advice. Rely on Math. Never take shortcuts.

[zeaderza]

Coisebase is a reasonable choice. Because coisebase offers many great features, it also stores a lot of crypto. I always choose to store bitcoin on coisebase.

Do you even have the slightest idea of what you are talking about? What is Coisebase ?
If you had mention it once, I could have even assumed it to be a mistake, but 3 times in a row, is apparently not a mistake. Maybe, I am the one mistaken, has anyone ever heard of coisebase ?

I even had to check google to be sure maybe, I was the one being paranoid. Some dudes on this forum can make you sick and as much as you want to ignore, they keep getting plenty all the time.

Hahaha this happens every time. I thought I had read about this coin base somewhere in this forum. But then I realized no there is nothing like it. I google it and there comes nothing related to any crypto thing. Make sure what you are talking about, you must know about it. Like this, if you are just writing and you don’t know even what are you writing, that is of no use and value.

That should be reported and check strictly. This forum administration should look into such matter and the conditions must be implemented for the campaigners. There must be a check and balance for the quality of thread and post. Otherwise, just think when some outsider come and see, what image he just get of it. Not bad, and such acts should be taken in stick compliance.

[raking]

With this fee, people will not make the small transactions unless it is a mandatory. In the future if we want btc is used widely in Small transactions take place every day, then a sure thing is that we have to reduce this fee down.

[Sachinist]

GDAX is most reliable exchange for BTC/USD trading. For trading altcoins for USD, I would say first convert to btc and then trade for USD.

[arseaboy]

With this fee, people will not make the small transactions unless it is a mandatory. In the future if we want btc is used widely in Small transactions take place every day, then a sure thing is that we have to reduce this fee down.

maybe that's what the core team needs to resolved as we cant deal with small transactions and we know that more small players are in this
business, its hard to sort this out and dealing with day trade can be so risky, we cant predict what will be the big whales next movements
better to stay with alts.

[Digital_Lord]

NO just hold it. Look at the chart last 3 months you will see..

I don’t really get what the op is talking about, but USD is it not for forex trading (as in FX) ? Well, don’t do what you’re not sure of, better stick to this BTC trading so you don’t make a mistake. Trading on BTC and altcoins is even the best more than any other kind of trade, saying this from my own experience.

[Experttrader91]

Hi Friends,

Is it possible to do BTC--USD ( not any other coins) day trading? Which platform will be good for this?

I tried in coinbase but their fees is too high. I tried to do with 1 BTC and I end up loosing money.  I sold 1 btc and they charged $80 then when I bought back again they charged again $80 so instead of making some money when btc price increaased about $150, I lost $10  because of fees.

So, is there any other platform that charge less fess so that at least I can make money if btc price increases about $150 or so?

Many Thanks 

Yes the day trading is possible but it is a tough job which involve lot of stress and efforts. The platform is used is nothing but i use zebpay and unocoin exchange as it is registered under country and right now they are quite working smooth for me. Apart from these two i also use bittrex, Exodus and poloniex. I recommend to go with Bittrex which is quite good for day trading with huge volume of participation.

[Pursuer]

you can day trade with any pair of coins, BTC-USD, BTC-CNY, BTC-altcoins,... as long as they are volatile and as long as you can predict the market you can do it and make a nice little profit every day. and fees should not matter much in this market since the volatility is much bigger than the trading fees these exchanges charge which is normally 0.2% by the way, so I am not sure how Coinbase charges their users, try their other website called GDAX which someone also suggested. it is more for trading.

[Razick]

You can trade Bitcoin for USD on vitrually any top exchange, such as Bitfinex, Bittrex or WEX (formerly known as BTC-e). There are more, such as WAVES DEX, which I personally really like and wish that more people used. Anyway, just search on Google and try one from the first page?