Binance traders are making more money than other traders

[Noa_Amable]

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.

Absolutely agree on that.
Just highlight major points

[crabby]

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.

This comment is correct. Thank you for sharing so more people could understand the purpose of the article.

[yvesp110]

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.

This comment is correct. Thank you for sharing so more people could understand the purpose of the article.

It could be good for making profit since it has most volumes for all the traders in all over the world because it has huge amount of coin in market, for me it is good to trade with bitcoin first because it has high profit as well as it is first crypto currency, so I am eager to invest in bitcoin first then try any other coin including Binance.

[StarofBTC]

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.

This comment is correct. Thank you for sharing so more people could understand the purpose of the article.

I agree with you but we also need to understand that Binance has the largest trading volume in 24hrs and they are also the largest crypto exchange in the world, they make more profit less than other exchange no matter how little they charge.

If other exchanges with low trading volume charges low the way binance does, many of them would have packed up by now due to lack of maintenance since it’s the charges they use in running the exchange center. We also need to consider the fact that binance does not only make money through trading alone, they make through deposit and withdrawal fees too.

[ChrisPop]

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.

That's a very interesting study, but personally I don't think that Binance is the place for real professionals. Bitmex, Bitfinex and mainly exchanges where you can trade with leverage are where the pros make their living. I see Binance and Bittrex as more retail oriented platforms.. And obviously you can't compare the volume of Bitmex with Binance or Bittrex.

[LUCKMCFLY]

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.

That's a very interesting study, but personally I don't think that Binance is the place for real professionals. Bitmex, Bitfinex and mainly exchanges where you can trade with leverage are where the pros make their living. I see Binance and Bittrex as more retail oriented platforms.. And obviously you can't compare the volume of Bitmex with Binance or Bittrex.

Totally of aceurdo with you, I think Bitfinex is the best Exchange, Binance does not have the option to trade in margin trade, and does not have tools as important as placing when opening a Stop Loss and Take Profit position, Binance only allows to buy and the only way to earn is to sell more expensive. This is totally limited to the merchant, because it can be earned in whatever direction the market takes.

[ausbit]

I am a binance account holder and I trade on Binance everyday which I also use other exchanges too, for service, I will say Binance is very great and when it comes to charges in trading.

Binance still tops the list of all crypto exchanges with lowest trading fee. Though your article is a bit long but the summary of it their fee is very low compared to other exchanges because they use maker taker system in their transactions. Charges for makers and takers go as low as 0.10% to 0.04% depending on the volume.

[whirlcoin]

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.

interesting topic because their trading with binance is always more attractive for everyone but I don't think it will be the leading trading option for anyone because a person who worked with more effort and intelligent will getting the profit in any type of trading show the field is not important to make it more profitable.

[apityeh71]

Is not guaranteed all trader that use Binance making more profit than others exchanges, this is depend on the trend of market  and trading plan each trader,  in this long bearish trend, alot of trader making money from margin trading by shorting Bitcoin.  

[Question123]

It not depends the income where you trade. Yes binance is one of the biggest and large volume of bitcoin or exchanges. I believe it depends to the coin that you have if you are going to earn money. Because the price of coind to binance is always same to other exchanges site. I don't think is Idea or think is true for me only and I don't know to other people what they think also about this.

[xvids]

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.

What makes you so sure that Binance traders are making more money than traders on other exchange?
I am sure not all of the high earners from trading is only at binance there are also other exchanges so it is hard to tell.

[peter0425]

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.

What makes you so sure that Binance traders are making more money than traders on other exchange?
I am sure not all of the high earners from trading is only at binance there are also other exchanges so it is hard to tell.

I haven't read the blog that I will assume that Binance, since they are the number exchanges right now have the majority of traders in their platform. So there's a lot of trading and funds change hands very quick as compare to other crypto trading exchange. And just look at how BNB is now being pump, for sure lots of holder of them are in Binance.

[The Cryptovator]

Most likely you are right. Binance traders earning more than others exchange user. But do you know Binance traders also losing more than others traders? You know why? Because of pump dump scheme. Some people's earning good especially whale's, on the others hand some people's losing. Because trade means money circulation. Someone selling and someone buying, that's the game. So small traders isn't much on profit. If you compare with Bittrex there is not much pump and dump, so not much profit and lose. Hope you got my point.

[beerlover]

Is not guaranteed all trader that use Binance making more profit than others exchanges, this is depend on the trend of market  and trading plan each trader,  in this long bearish trend, alot of trader making money from margin trading by shorting Bitcoin.  

One major reason why it is believed that Binance customers are making more profit is the fact that they have low trading fee which counts a lot, their trading fee is still the lowest in the market for now compared to other exchanges,  someone who traded $1000 on Binance will equally make more money than someone who traded on bitmex if they both trade on same margin, the trading fee difference has equally made one make money than the other even if we tag the difference has low but it does matter when it comes to trading with large amount of money.

[ficus_235]

So not sure about this statement

[lerdo_451]

So not sure about this statement

Me either, they are one of the safest thats for sure, but it’s hard to tell whether it’s more lucrative or not 4 other traders

[ficus_235]

So not sure about this statement

Me either, they are one of the safest thats for sure, but it’s hard to tell whether it’s more lucrative or not 4 other traders

FACTS

[lerdo_451]

So not sure about this statement

Me either, they are one of the safest thats for sure, but it’s hard to tell whether it’s more lucrative or not 4 other traders

FACTS

Moreover, recently I started looking at more developing ones

[ficus_235]

So not sure about this statement

Me either, they are one of the safest thats for sure, but it’s hard to tell whether it’s more lucrative or not 4 other traders

FACTS

Moreover, recently I started looking at more developing ones

Oh, me too. I want to invest in development of alternative exchanges to make more competition on the market

[lerdo_451]

So not sure about this statement

Me either, they are one of the safest thats for sure, but it’s hard to tell whether it’s more lucrative or not 4 other traders

FACTS

Moreover, recently I started looking at more developing ones

Oh, me too. I want to invest in development of alternative exchanges to make more competition on the market

In order to stop the domination the big ones, that’s smart, did u find any?