is it practical to move coins among different webs and earn the margins?

[wayne_812]

There are some differences in prices among different platforms. sometimes huge. can you move coins and earn the margins?

[1714563770]

1714563770

[pinkflower]

What do you mean? Arbitrage trading? If you have the right amount of BTC and the skill to do it then I dont see why its not lucrative.

Having said that, it would require you to have BTC in more than one exchange for faster trades. Thats very risky.

[btcton]

What do you mean? Arbitrage trading? If you have the right amount of BTC and the skill to do it then I dont see why its not lucrative.

Having said that, it would require you to have BTC in more than one exchange for faster trades. Thats very risky.

It would also be risky in that if you try to actually move the coins between exchanges as the OP is suggesting he wants to do, one would be vulnerable to the change in price during the confirmation time, which lasts from 30 to 60 minutes. Furthermore, the trade has to be good enough to offset the transaction fees incurred by the movement of the coins. Of course, having a larger pool of bitcoin would certainly help in this regard, but it may put other smaller players out of the play. The Gemini-GDAX gap is an example of something off which you might profit. The gap gets up to $300 wide at some points and you can always try to keep the Bitcoins in them in order to not incur any fees, but it takes quite a bit of money to be able to do this profitably. Even then, you are going to need a script to do this repeatedly for you and you are definitely going to want to make sure that it is completely bug-free, as your entire portfolio would be vulnerable to any failures.

[AngelSky]

There are some differences in prices among different platforms. sometimes huge. can you move coins and earn the margins?

Ignore the price changes on the chart you are seeing now. I am sure that price will be recovered in soem days. In that aspects you will find the price bumped to 20k USD in the end of this year.
If you panic about buy some altcoins like neo, waves, etc and iota.
You will get the amount you invested returned in some months.

[pinkflower]

What do you mean? Arbitrage trading? If you have the right amount of BTC and the skill to do it then I dont see why its not lucrative.

Having said that, it would require you to have BTC in more than one exchange for faster trades. Thats very risky.

It would also be risky in that if you try to actually move the coins between exchanges as the OP is suggesting he wants to do, one would be vulnerable to the change in price during the confirmation time, which lasts from 30 to 60 minutes. Furthermore, the trade has to be good enough to offset the transaction fees incurred by the movement of the coins. Of course, having a larger pool of bitcoin would certainly help in this regard, but it may put other smaller players out of the play. The Gemini-GDAX gap is an example of something off which you might profit. The gap gets up to $300 wide at some points and you can always try to keep the Bitcoins in them in order to not incur any fees, but it takes quite a bit of money to be able to do this profitably. Even then, you are going to need a script to do this repeatedly for you and you are definitely going to want to make sure that it is completely bug-free, as your entire portfolio would be vulnerable to any failures.

Moving coins from exchange to exchange is not advisable. Many things can happen, especially these days when BTC is very unreliable with the slow confirmations and the high fees.

[wail3Bahwu]

this kind of trading is mane reason to make fee is high as hell.

you only kill bitcoin from inside.

[Cobalt9317]

There is a coming hard fork this month and it will take place at a certain block, you might not want your money to be on that block when you exchange coins to another platform, cause by doing it constantly there could be a minor chance that you will lose something that you should have. 

P.S Honestly I don't know if the hard fork is going to continue IMHO.

[Zardonik]

Are there some price differences between different platforms?

[player514]

There are some differences in prices among different platforms. sometimes huge. can you move coins and earn the margins?

I don't think this will be super profitable. I assume you're talking about differences that are often talked about across countries. For example, the price of BTC in South Africa (If I remember correctly) is significantly higher than the prices here. I'm sure you'd run into some issues. I don't think exchanges generally would allow for that. Even if they do, though, you're going to miss out on regular fluctuations of Bitcoin too. Furthermore, you're going to face fees on the transfers. Overall I just don't think it's worth it.

[Kemarit]

There are some differences in prices among different platforms. sometimes huge. can you move coins and earn the margins?

I think you are referring to arbitrage. The practice of buying and selling from different trading platform and trying to earn profit from the difference of the price.

There are some differences in prices among different platforms. sometimes huge. can you move coins and earn the margins?

I don't think this will be super profitable. I assume you're talking about differences that are often talked about across countries. For example, the price of BTC in South Africa (If I remember correctly) is significantly higher than the prices here. I'm sure you'd run into some issues. I don't think exchanges generally would allow for that. Even if they do, though, you're going to miss out on regular fluctuations of Bitcoin too. Furthermore, you're going to face fees on the transfers. Overall I just don't think it's worth it.

Exactly, you will also be encountered a lot of KYC/AML verification from the other side of the globe before you can actually do such practice. But with the current high transaction fees, if will not be profitable at all. But if my memory serves me right, there are a lot of traders been doing this last year, because they can quickly moves funds around easily without any issues back then. However, times have changed, trading platform now as also too slow because of the influx of new users and by the time you are able to sell/buy the price of bitcoin has reverse.

[cpfreeplz]

There are some differences in prices among different platforms. sometimes huge. can you move coins and earn the margins?

I don't think this will be super profitable. I assume you're talking about differences that are often talked about across countries. For example, the price of BTC in South Africa (If I remember correctly) is significantly higher than the prices here. I'm sure you'd run into some issues. I don't think exchanges generally would allow for that. Even if they do, though, you're going to miss out on regular fluctuations of Bitcoin too. Furthermore, you're going to face fees on the transfers. Overall I just don't think it's worth it.

If you're in Zimbabwe, South Africa, Venezuela, Brazil, then yes arbitrage is a great option to make a great amount of money just from buying in one spot and selling in another. If you're in Europe or north America i t's not going to pay the bills unless you're doing 10MM a month in volume in which case you just do whatever you like.

[ipanks]

There are some differences in prices among different platforms. sometimes huge. can you move coins and earn the margins?

in my opinion, to do arbitrage trading is too dangerous because we need to calculate the time to send the coin to other exchange. and if we are late then we cannot make a profit and even the worst is we can get a loss. I think you need to search a coin which has fast confirmed and doesn't have much time to delay the transaction so you can make your profit. but I am not sure that we can do arbitrage trading today because I see if the price has a different gap of the price, it will make an adjustment to the other exchange, so our chance to make a profit is small. it is better for us to stick to one exchange or we could split our money into two exchange or more so we can trade the same coin and at the same time.

[DaMut]

yes of course why not ? and it is called 'arbitrage'.
but it is not very easy to do because it requires a lot of thing such as confirmation,verification and else.
most people did that a while but stopped doing it because it is no longer profitable(for Bitcoin).
why ? because we need to wait a hours to get our coin from our wallet and something like that.
when we are waiting for it,the price can change at anytime which will cause a huge loss for us.

[Maveth13]

At this current state, it wouldn't be practical. Transaction time, transaction fees and the target price gap would need to be considered altogether. Trading itself is risky enough, why add and even greater risk moving from exchange to exchange.

[andthereyou]

yes of course why not ? and it is called 'arbitrage'.
but it is not very easy to do because it requires a lot of thing such as confirmation,verification and else.
most people did that a while but stopped doing it because it is no longer profitable(for Bitcoin).
why ? because we need to wait a hours to get our coin from our wallet and something like that.
when we are waiting for it,the price can change at anytime which will cause a huge loss for us.

Correct ! now it's not profitable anymore. In my own opinion it will be better to swing trade or day trade in one exchange compared to buy in exchange A and sell to exchange B. Since cryptomarket is volatile a trader need only to take advantage of the big fluctuation.

[dothebeats]

IMO it only becomes feasible when you have a huge amount to toss and trade. When you only have a couple hundred dollars, you're just arbitraging to a loss. Also, you need to be registered and verified on all of these exchanges too. While the idea of profiting on huge price gaps is neat, the preparation and fees associated with it don't make it worthwhile.

[desi92]

There are some differences in prices among different platforms. sometimes huge. can you move coins and earn the margins?

Why not? It means strategy arbitrage. You can earn the profit between the different price of two or more exchange.
This trick is legal, so you can explore your style of trading more like what you want.

[ss890]

There are some differences in prices among different platforms. sometimes huge. can you move coins and earn the margins?

What you talking about is possible but I tried with few coins and then came to know that different fees take up the margin and at the end everything is one and the same thing. I mean though we see different volumes driving into different exchangers which puts us with different price tags then also it doesn't mean we can profit always. There has to be huge difference in two exchangers, may be more than 1 USD per X coin to achieve the huge margin. But as we can see there is not much differed and taking the confirmations to transfer the funs also kills the time as well as price might change during that transition period. SO you may wanna try it out only on those coins which really has big difference really.

[coinplus]

What do you mean? Arbitrage trading? If you have the right amount of BTC and the skill to do it then I dont see why its not lucrative.

Having said that, it would require you to have BTC in more than one exchange for faster trades. Thats very risky.

It is highly risky with BTC as a result of the transaction speed. Unless you are willing to pay a huge amount to be able to get your transaction confirmed quickly and knowing you are still going to be making a lot of profit in this process, then sure, you can go ahead.

Otherwise, you may just want to sit it out a little or maybe try it for some altcoins. I make some pretty good bucks as some alts get dumped by a huge holder on one platform and on the other still trading normally.

[ReLieD]

There are some differences in prices among different platforms. sometimes huge. can you move coins and earn the margins?

What's the point in doing that . The difference might be in cents but if you try to exchange from website to another then you are probably giving double fees and this is where you lose . Why do you even care about penny's! It's better to just hold Cryotocurrencies and you'll simple earn free cents like that.