Binance traders are making more money than other traders

[Wind_FURY]

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.

Because Binance also has more money changing hands.

Better, and easier trades, whether you are buying or selling, come in an exchange with more liquidity and volume.

[nicster551]

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.

You could really make a good profit from Binance since it has the most volumes for all the traders in all over the world. And it has also have a lot of coins to trade with.

[MOBbrothers]

I went through your article and it is Nice. but are you suggesting we should give sure action a try. i know that binance happened to be one of the best exchange currently in cryptocurrency. just like the days of poloniex and bittrex. they have huge number of traders so it is possible that traders will make more money in binance than other exchanges. with high trading bring high liquidity.

[shoreno]

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.

You could really make a good profit from Binance since it has the most volumes for all the traders in all over the world. And it has also have a lot of coins to trade with.

Seriously ?  What if i told you that no one is making a profit from trades right now ? You know and we all know that the market of cryptos is not always in good condition and that also means that we can trade our coins because we willl only loose if we do it . 

Its not about the volume of binance that can give you a profit but its about the status of the market mate.  Please keep that in mind .

[conected]

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.

You could really make a good profit from Binance since it has the most volumes for all the traders in all over the world. And it has also have a lot of coins to trade with.

- Agree that binance is a large gathering of whales and large investors, and of course, with such a large number of people, the opportunity to invest and make money is always generated, that is one reason why binance traders can make more money. But that's just an extra reason, the main reason is still in the traders, because the traders here are always exposed to a lot of different situations, a fierce battlefield, their skills and experience are always upgraded every day, they need to achieve that to survive and there is nothing to be surprised when their income can increase over time

[ongkok87]

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.

Because Binance also has more money changing hands.

Better, and easier trades, whether you are buying or selling, come in an exchange with more liquidity and volume.

that's right what you say, so that traders who use binance are so many up to now because the velocity of money is very fast and has the most volume than any other place

[valisa]

in my opinion it's better if you mention the summary that you mean, not directing people to visit the blog that you created because it will take a long time, if people are interested you will definitely visit the blog that you created.

[Wind_FURY]

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.

Because Binance also has more money changing hands.

Better, and easier trades, whether you are buying or selling, come in an exchange with more liquidity and volume.

that's right what you say, so that traders who use binance are so many up to now because the velocity of money is very fast and has the most volume than any other place

It's not the velocity. It is the volume of money going around, and changing hands. There money in an exchange, the bigger the trades you can do because the liquidity can take it.

Try trading with a $100,000 account in Cryptopia, see how you do, and compare the same trading in Binance.

[LogitechMouse]

This is because many traders are trading at Binance right now. High volume more traders make it profitable but I don't agree with what you said. Only whales are making more money here and not the normal traders. Those who are pumping a coin are those who are making more money than us. One more, its how the trader is trading and not the exchange. I can go to another exchange and make profit compare to binance but I'm not a professional trader.

[Xardasim]

Binance traders are making more money than other traders

It is related to Binance itself. The price of the coin/token listed in Binance increases by at least 50% and if ready-made traders get the listed coins and sell it after 10 minutes, it can be profitable.
Example I have never used Dobitrade, one of the tokens that is in mew was listed there and the price went down 500 times, although Dobitrade is on the 5th. Afterwards I understood that 98% of the volume consist of EOS, ETH and LTC.

[bravehearth0319]

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.

Well according to the blog you had stated there, I could say it was informative but honestly, its not clear to me about the details you are explaining about the chart, just all I know that most traders now are really aggressive to use binance exchange compare to any exchange in the market.

[Leonard2016]

I have problem with the subject , how would you say that?
You can say that if you have investigated about all exchanges and compared them , have you?
besides binance is big yes but it doesn't mean it has the biggest volume of all of the coins and tokens , for some of the coins and token it is not even in top 10!

[johanesrobin]

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.

This is a real reason, why they entered the big trade at binance. they found a lot of movements because the trading volume was very large.
many big traders there and transactions are getting more attractive. this becomes an important part every trader must choose an exchange that has a large volume.

[clickerz]

I have problem with the subject , how would you say that?
You can say that if you have investigated about all exchanges and compared them , have you?
besides binance is big yes but it doesn't mean it has the biggest volume of all of the coins and tokens , for some of the coins and token it is not even in top 10!

Maybe OP is little bias to Binance but binance has a bigger turn out also. It depends on what coin/token you are trading  in my opinion. Binance now is very popular among traders and whales , its possible as what OP allege.

[Fu Mei Mei]

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.

Even though you say if binance traders make more money than other traders, but this is not all. Because I am sure that most of them will surely suffer losses, but not mentioned in the article. Because every altcoin price on the exchange will always follow even though there is a timeframe difference, so I think trading on any exchange the results will remain the same.

[milewilda]

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.

Normal thing. Why?

When we do look at on the current position of Binance compared into any other exchangers then we can definitely say that there would be more traders that do make more money
than on other exchange. Just basing on the volume you can able to figure it out directly.

[eaglewhite80]

That is quite a lengthy post with no direction at all. I got lost reading it from the start. However, in my own opinion as a trader, and most especially when you are a high volume trader, I guess it is obvious that with low fees, and high trading volume on the exchange, you have an upper hand, and that is one thing I know binance really do have as an edge over other exchanges that charges more in terms of trading fees.

[wayancrypto]

Profitable or not wil be according to trading plan and risk management of each trader. Binance become the best exchange to trade crypto because offer best liquidity with high trading volume, low trading fee and listed only good coins. Many coin that listed on Binance become biggest gainer but not possible all trader can make that profit.

[karloscimot]

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.

no trade is profitable if we don't understand the market.
so the most important thing is to master price movements first and understand where business people invest their capital, because this is very influential on prices in the future.
so we are not controlled by the market, we are, but we must be able to control the market.
this is the key to our success in trading.

[Baofeng]

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.

no trade is profitable if we don't understand the market.
so the most important thing is to master price movements first and understand where business people invest their capital, because this is very influential on prices in the future.
so we are not controlled by the market, we are, but we must be able to control the market.
this is the key to our success in trading.

Good point, however Binance as other has stressed, has low transaction fee which attracted a lot of traders, not just experience traders but even newbies to get their hands dirty on trading and try to learn the tricks and tips on how to make money out of it. Plus no mentioned the customer support Binance has, its top notch that's why lot of traders go to their platform so the chance of making profits is high as well.