Binance traders are making more money than other traders

[herfie.chen]

Ya thats true. High volume and movement and fast transactions make trading easier. And of course it will be fast to make money if you get a profit.

[Malamok101]

For sure those traders in binance have a huge funds to get it in, Because binance is the most #1 trading platform for all exchanges, for sure Rich traders and investors Like binance a stable exchanger for all.

[Oilacris]

For sure those traders in binance have a huge funds to get it in, Because binance is the most #1 trading platform for all exchanges, for sure Rich traders and investors Like binance a stable exchanger for all.

Any exchange isn't stable at all even if its on top tier doesn't mean that it would be already fixed. Take a look on what happen on Bittrex and Poloniex were back into its glory days.
Top exchangers do have top volume which it would be just normal to say that profitability would really be there just basing up on volume and volatility of prices.

[fudster]

The trader who will use BNB token to pay for the fee could profit more from their trades if done right. Its what BNB tokens are for, cheaper transaction fee.
If you can't afford to trade TRX where transaction fee and lose more than 100TRX for the fee then BNB will be your way to accumulate these tokens.

[babarian]

all exchangers cannot determine whether the trader can get a lot of profit or not, it returns to the traders' ability to analyze trades.
it does not mean binance makes it easy for traders to get money

[playboy654]

Ya thats true. High volume and movement and fast transactions make trading easier. And of course it will be fast to make money if you get a profit.

Not like that if any people have got talent in any business they can make lots of profit more than the normal people because they are spending lot more time to get more profit so all paper trading we give profit whether you are working hard.

[Bunsomjelican]

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.

For what I like in Binance is that once the token you have in there, it is definitely sure that token will upside down, where you can apply day trade easily due to its price was too movable. And there is big possibility that the token will bounce most often I think, though I'm not often making trade in this platform.

[glowing10]

Ya thats true. High volume and movement and fast transactions make trading easier. And of course it will be fast to make money if you get a profit.

Higher the volume will definitely help anyone as even with the small movement though small gain could be made and doing this over again and again during the day, you will see you have made some decent profit finally at the end of the day.

[Taki]

Playing on the price difference doesn't approach to every trader, only for big amount ones, cause of the transaction costs and exchange also.

[Reid]

Dont really know what is this for but I will waste some time to answer this.

Look, they might be creating more money than anyone in this crypto space but for exchange of what? A higher risk is always by their side and a lot of money is needed just so they could feel the profit. Unlike Hodlers and other types of users in the crypto space, risk is there but not to the extent like you might get zero in an instant.

[nydiacaskey01]

I think the number of coins listed in Binance is also a reason for traders to earn a lot in this site. Traders have a lot of coins to chose from. On top of that is the volume, volume makes trading in this site more exciting because with high volume, the price movement is fast so those who are good in scalping, this is the site for you.

[juragane]

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

not all binance trading always makes a lot of money.
 maybe that happens to just a few traders,
 because every trade has the potential to make a lot of money,
 all depends on each trader.
Cryptocurrency exchange really requires a good understanding and requires a quick response if at any time there is a price movement. so our intelligence is the determinant of success.

[crabby]

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

not all binance trading always makes a lot of money.
 maybe that happens to just a few traders,
 because every trade has the potential to make a lot of money,
 all depends on each trader.
Cryptocurrency exchange really requires a good understanding and requires a quick response if at any time there is a price movement. so our intelligence is the determinant of success.

If two traders make the same trade, but one makes the trade on Binance and the other makes it on another exchange, the Binance trader will usually make more money. This is what the article discusses. You can find the article here:

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

Let me know if you have any questions!

[richcorner100]

There are always trader who loss and make profit in each exchange , this is depending on the trading plan and risk management of each person. All crypto has high volatility and Binance become the best exchange because they offer lower trading fee and have high trading volume that give low spread, also they only listed good coin. Trader will make more profit only in bull market so this is according to trend of market.

[sedahan13]

This is according to trend of market, Binance is provide spot crypto trading so alot of trader will get much profit if the trend bullish, but since in the beginning of 2018 all crypto dumped hard and only by short the price in margin trading we can make profit. So margin trading platform is also promising huge profit for many trader who understanding the trend and price action.

[Greed Dev]

Binance is now a large, reputable trading platform and has many good altcoins traded there, so profitable trading is a fairly normal affair.
The altcoins that are listed on Binance are all very high priced and it makes the revenue of many traders increase.

[gilangIDR]

I think the number of coins listed in Binance is also a reason for traders to earn a lot in this site. Traders have a lot of coins to chose from. On top of that is the volume, volume makes trading in this site more exciting because with high volume, the price movement is fast so those who are good in scalping, this is the site for you.

Besides that, usually coins which are traded in binance are coins with good supporting from the developer. So that the coin is more directed with such good development. Binance gives confidence to the public when a coin listing in binance is a coin with a bright future. this is why trading volume at binance is so extraordinary and has a fast moving rate but remains stable so it rarely experiences significant price dumping.

[zhekinsp]

Possibly most of the time but not always,only the trader who knows how to use the trading pairs of BNB will make more money than anyone and withdrawal fee from binance iess lesser which also may increase the profits.

[susila_bai]

In the starting all exchanges work good and give good support but when they are started to get huge profits then they start to give trouble and after some time they even give very bad support. for example you can take poloniex in 2015 - 16 it was no.1 exchange with same good volume and good support when they started to get huge profits they also started to give trouble to users and now they are in low position. So only time will tell how much good exchange it will be.

[Supercrypt]

People are mistaking cause and result here all the time. Are you guys not reading the article at all? The reason why people in binance making profits more than other places is the low fee involved in trading at binance, when a place has that much volume compared to others and still take less fee that comes down to traders making more profits of course, it is just simple mathematics.

When you have a place with daily 1 million dollar volume and taking 0.25% or so fee from the trading and a place has 2 billion dollar volume taking 0.05% from the fee you can see why the people at binance is making more profits and by large. If humanity started to move into more DEX type of system with lower or no fee at all and the volume rises there we will see people making profits in those places as well.