Binance traders are making more money than other traders

[crabby]

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

[nydiacaskey01]

How about posting a summary of what you blog says. I tried to click the link that you posted but upon looking at your blog post its too long. Much better if you can post a summary here so other readers will have an idea what you are talking about and they will visit you blog. There are people who doesn't like being routed to another site or clicking links that will you to another site.

[Dimon8]

How about posting a summary of what you blog says. I tried to click the link that you posted but upon looking at your blog post its too long. Much better if you can post a summary here so other readers will have an idea what you are talking about and they will visit you blog. There are people who doesn't like being routed to another site or clicking links that will you to another site.

I agree with you. The author should describe his research in this thread. I trade on Binance and I am especially interested in what makes me earn more on this exchange. Maybe due to the fact that they trade in a pair with BNB and pay a minimum commission?

[Marshall14]

Every exchange has its very own peculiarities that makes it different from others,and this are in diverse areas

Talking about earning additionally,i really can't come to grasp with that,and considering the fact that I've traded with binance and still do

Just like someone ahead states,the link takes up out and it's long,an abridged version on this thread would enable us to act upon your statement

[SvonioneFromMangoCoinz]

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

According to the chart, it is just as you say but the number is not much difference than what they spend. I think the problem here is that Binance's low transaction fees make it a little bit better than Bittrex. In addition, there is nothing remarkable.

[cindygirl]

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

This isn't at all surprising given the high volume on Binance, there's just more scope for profitability. Couple that with an attractive fee structure compared to some competitors.

[St4yInTh3D4rk]

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

The trading platforms won't give any big profits to you so we can't say the traders from the exchange are making more profits than others.The one who can buy and sell at the riht time will make more profits and one who can predict that before it happens are more lucky.

[IlVeroNico]

You mean Binance has a Trading volume larger than any other exchange?

[cfif123]

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

This isn't at all surprising given the high volume on Binance, there's just more scope for profitability. Couple that with an attractive fee structure compared to some competitors.

but if in my opinion it depends on the person to use, because if the way of trading is not appropriate for sure to get a good profit is difficult, so it all depends on how the person trades

[wuvdoll]

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

Not only it is because there is more volume on binance but also fee is lower than anywhere else, definitely more than their biggest rivals. If you do enough trading eventually the trading fee makes a lot of difference combined.

For example, bittrex has 0.25% trading fee flat, no maker taker type of deal which means if you do 4 trades in general you give away 1% of your money right away. Whereas binance has a 0.1% fee structure if you use bnb for your trading fee and that makes it 10 trades before you reach to 1% given away. That means you can do 6 more trades for free on binance compared to bittrex.

Now that doesn't mean you will definitely profit in one of them and lose on the other but like I said earlier if you do enough trades the difference becomes bigger and bigger over time and eventually becomes visibly large.

[BitcoinHodler]

making profit does NOT depend on the platform or its liquidity unless the liquidity is too low that the market is considered dead.

making profit for a trader ONLY depends on their experience in riding the market and nothing else. you only want a liquid-enough market so that it can eat up your orders without changing the price and that is true about most top exchanges and is not exclusive to Binance only.

[cindygirl]

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

This isn't at all surprising given the high volume on Binance, there's just more scope for profitability. Couple that with an attractive fee structure compared to some competitors.

but if in my opinion it depends on the person to use, because if the way of trading is not appropriate for sure to get a good profit is difficult, so it all depends on how the person trades

Sure, person to person it does. Some people may not be profitable on Binance but they are on bittrex for example. But on average people are going to be more profitable in a market that has a better fee structure and offer more opportunities for trade due to high liquidity.

[onrise]

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

This isn't at all surprising given the high volume on Binance, there's just more scope for profitability. Couple that with an attractive fee structure compared to some competitors.

For daily or regular traders fees is very important and if this is the minimum as compared to the other exchanges then  daily add up a good amount at the end of the month . So today we have so many people who are doing this full time and some credit goes to binance which is making it possible .

[DarkBullet]

That is nothing to be surprised of since binance always getting the number 1 spot in trading exchange volume and also one of the most reliable and secured trading platform because of its promotions being offered to its users. There were also thousands of binance free and paid trading signals so that might also one the reason why there are many traders preferres using binance. For me, their trading tools is very user friendly and also collects favorable trading fee so that's a thumbs up for me.

[rocketbits]

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

Just tell us that you need to generate traffic for your blog, than saying what you know nothing about. Your success in trading has nothing to do with exchange you’re trading on. A good trader knows that the only thing that matters most is their skills and not the exchange you’re trading, as long as you’re skilled you can make use of any exchange.

[herurist]

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

I don't see any worth in your post, what do you mean exactly? If you're swing trader I believe that's fine but where's the calculation or education that I can use to grow up my skill and asset?. I suggest you to fix your post because read and understand your post wasting my time.

[vaneferna]

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

After starting trade in binance I also noticed that I am earning more on that exchange then others. According to my views the reason is that it has lesser fees of trade and it has a high volume of trade on all the coins which make us convenient to get faster profit.

[ginobitcoiner]

You mean Binance has a Trading volume larger than any other exchange?

maybe that's what the OP means, traders at Binance make trading volume greater than the trading volume on other exchangers.

[cindygirl]

I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

This isn't at all surprising given the high volume on Binance, there's just more scope for profitability. Couple that with an attractive fee structure compared to some competitors.

For daily or regular traders fees is very important and if this is the minimum as compared to the other exchanges then  daily add up a good amount at the end of the month . So today we have so many people who are doing this full time and some credit goes to binance which is making it possible .

It's something that is oftentimes overlooked. I noticed it myself quickly in my earlier days of trading. When trading small margin in high liquidity margins I would sometimes have a daily trade volume of 20 times or more my entire balance. That was on bittrex which meant I was paying 0.25% of that 20 times which came out to be 5% per day. When transitioning to binance this was instantly lowered to 2% and even lower if using BNB for fees. That 3% a day really adds up over time.

[ethereumhunter]

I think it's because, in binance, traders don't have to pay a high fee on the transaction and besides that, binance have a large coins list so traders can have many options to trade. I heard that in binance, we could see a time to pump for one or more coins so this will be a good chance for traders to get more profit. But I don't get that time because I was always late to see the pump is coming, maybe later I will try to online on binance so I can get my chance to see the pump.