Binance traders are making more money than 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

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?

I put eyes on these guys, https://velvet.exchange

[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?

I put eyes on these guys, https://velvet.exchange

nice, maybe I should check them

[Bitcotalk]

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

I think that short description related to the cryptocurrency are always appreciated and are read rather than the long stories which waste time. If you are talking about the magic of Binance that people are making more money by using Binance rather than other exchanges, which might be right.

As we know of the high volume of trading on the exchange has actually made is quite famous and the great strategy by the Changpeng who is the founder and owner of the Binance by keeping the fee to trade low as a result giving more profits to the traders.

[NeuroticFish]

by keeping the fee to trade low as a result giving more profits to the traders.

Yup, if one compares Binance fees starting with 0.1% and going lower sounds much better than bitstamp's 0.25% and going lower.
And most probably the volumes (liquidity) also helps in that math.

[HatakeKakashi]

It depends to the coin that you have because remember even you are in the popular and the volume is high in one exchnages site it means you will get more money compared to the trader in the other exchanges site because the real earning is from the coins that you buy and hold in your wallet not in exchnages site. Because how much the price of the coin is near also to the other exchanges site.

[michellee]

Actually, I don't know about that because I think it depends on how good they trade. But I realize that they can have a big chance of making more money than other traders especially in Binance, there are a lot of profitable coins that they can choose to trade. And if they can buy one or more profitable coins, then they will be able to make a big profit too.

[raghovsing34]

Actually, I don't know about that because I think it depends on how good they trade. But I realize that they can have a big chance of making more money than other traders especially in Binance, there are a lot of profitable coins that they can choose to trade. And if they can buy one or more profitable coins, then they will be able to make a big profit too.

I agree with you that profits is depend on traders. If they can take entry and exit on right time then they will earn more profits and an expert trader can do it on any exchange.   

[ausbit]

Binance for me is the most good exchange platform that i see. So many people like binance because it is the top 1 exchange platform with no fake volume. Because in other exchange lot of is making an fake volume and traders always complaining from it.

Aside them being transparent in their trading figures, another best part of Binance services for me is even their low trading fee, many people will not understand this till they use other trading platform to compare, then they will really appreciate this, I tried that with one other exchange I had my bitcoin on 2 days ago, you need to see the amount charged for trading and also withdrawing my BTC, they almost gulp the little profit I made from the small spike we saw in BTC, now I am moving my whole BTC to Binance fully for trading because I do more of trading than Holding.

[BlackPanda]

Binance for me is the most good exchange platform that i see. So many people like binance because it is the top 1 exchange platform with no fake volume. Because in other exchange lot of is making an fake volume and traders always complaining from it.

Aside them being transparent in their trading figures, another best part of Binance services for me is even their low trading fee, many people will not understand this till they use other trading platform to compare, then they will really appreciate this, I tried that with one other exchange I had my bitcoin on 2 days ago, you need to see the amount charged for trading and also withdrawing my BTC, they almost gulp the little profit I made from the small spike we saw in BTC, now I am moving my whole BTC to Binance fully for trading because I do more of trading than Holding.

Binance is one of the best exchanges that has ever existed, has a quality that is so high that the level of public trust is very good. The security factor is also an important issue, when there is an exchange that guarantees its user data safely, it is the best choice. Just imagine that there are a lot of hacking issues now and it is very troubling for us all as investors.  Binance provides convenience, so that way I choose binance as the main exchange platform in my trading world.

[Mpamaegbu]

I don't know about the "making profit angle" as adduced by the OP, except there is a statistical chart to back that up. But I do know for sure that Binance is now the darling of many traders because of its security and safety of traders funds, and this has encouraged many people to trade on its platform. This lends weight to the axiom - the more the merrier.

Of course, there are more coin listings on Binance and that encourages great trading volume and profit making.

[avarnet]

by keeping the fee to trade low as a result giving more profits to the traders.

Yup, if one compares Binance fees starting with 0.1% and going lower sounds much better than bitstamp's 0.25% and going lower.
And most probably the volumes (liquidity) also helps in that math.

and binance is also an exchange that is very widely used by traders so that the transaction is very cheap and costs more than other exchanges if I think so

[bisdak40]

by keeping the fee to trade low as a result giving more profits to the traders.

Yup, if one compares Binance fees starting with 0.1% and going lower sounds much better than bitstamp's 0.25% and going lower.
And most probably the volumes (liquidity) also helps in that math.

Binance's trading is very much lower compared to other exchanges. With recent incidents of exchange hacking, i am sticking with Binance for i believe in their security measures against such attacks though nobody is sure how long their system could withstand security threat but for now i am with them. Besides that, though i am not a day trader, i earned profit with this exchange.

[shesheboy]

why ? whats the difference of binance traders to other exchange traders ? hhmm maybe binance traders are more skillful and more knowledgeable  or maybe there are also other reasons behind thier success  .

  i know . binance is a popular exchange and known to have a huge volume  , i think this the reason why binance traders can earn more profit  but but  , a pro trader can always earn sufficient profit no matter what exchanges he or she will be using  .

[Labonikhatun]

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.

I agree with you, Binance is the number one largest cryptocurrency exchange in the world, According to coinmarketcap trading volume. I think once you exchanged your bitcoins on binance This low fee and many profits and convenient trading platforms in the business. in order to cash out, you will have to send them back to another standard there will be no currency based platform.

[conected]

why ? whats the difference of binance traders to other exchange traders ? hhmm maybe binance traders are more skillful and more knowledgeable  or maybe there are also other reasons behind thier success  .

  i know . binance is a popular exchange and known to have a huge volume  , i think this the reason why binance traders can earn more profit  but but  , a pro trader can always earn sufficient profit no matter what exchanges he or she will be using  .

- Agree that a professional trader can always make money in any condition and situation, all exchanges are where they can make money very easily but favorable conditions will still be better than bad conditions, if we participate in good exchanges and high trading volumes, opportunities to make money and profit will be higher than exchanges with low trading volume. In addition, the quality of service and many features from binance are very helpful and help investors and traders in many matters, all of these factors create the best working environment for traders, so it is not surprising when binance traders are making a lot of money

[Gaff]

why ? whats the difference of binance traders to other exchange traders ? hhmm maybe binance traders are more skillful and more knowledgeable  or maybe there are also other reasons behind thier success  .

  i know . binance is a popular exchange and known to have a huge volume  , i think this the reason why binance traders can earn more profit  but but  , a pro trader can always earn sufficient profit no matter what exchanges he or she will be using  .

- Agree that a professional trader can always make money in any condition and situation, all exchanges are where they can make money very easily but favorable conditions will still be better than bad conditions, if we participate in good exchanges and high trading volumes, opportunities to make money and profit will be higher than exchanges with low trading volume. In addition, the quality of service and many features from binance are very helpful and help investors and traders in many matters, all of these factors create the best working environment for traders, so it is not surprising when binance traders are making a lot of money

Making a lot of money in binance is great for those expert traders, and that proved their skills as well. They can be tested on their actual trading strategies, well I don't know with other trading site's traders but probably there's also selected wealthy traders on some exchanges other than binance. There were traders from hitbtc or kucoin which also gaining good profit from their trading career, because of their knowledge on buy and sell. Anonymousity of traders made them a good earner, we can't say they're just focus on binance but also with other exchanges.

[Kelvinid]

  i know . binance is a popular exchange and known to have a huge volume  , i think this the reason why binance traders can earn more profit  but but  , a pro trader can always earn sufficient profit no matter what exchanges he or she will be using  .

The buying price were a little bit far from the other exchanges which making Binance trader to generate high percentage of returns.  It's volume will be a big consideration to know how much we possibly got in any exchanges and so Binance have the advantage. Of course, investors are smart to know that and they'll find satisfaction with Binance.

[Pamadar]

  i know . binance is a popular exchange and known to have a huge volume  , i think this the reason why binance traders can earn more profit  but but  , a pro trader can always earn sufficient profit no matter what exchanges he or she will be using  .

The buying price were a little bit far from the other exchanges which making Binance trader to generate high percentage of returns.  It's volume will be a big consideration to know how much we possibly got in any exchanges and so Binance have the advantage. Of course, investors are smart to know that and they'll find satisfaction with Binance.

Yes right, investors and traders always finds benefits, seeing the advantage with Binance not only using the platform but maximizing also the IEO's launchpad is really making more edge for binance traders, those who are really familiar with platform can generate more, they can see advantages
with pairs and potential moving coins  as volume is higher compares to other exchanges.

[klaaas]

Reading trough the posts, since they discount traders that are using bnb to pay for the fees they make a bit more profit on there trades vs btc fees.
Where also exchanges can adjust there rates and wants to stay competitive the article wont stand up longish.

[Wexnident]

  i know . binance is a popular exchange and known to have a huge volume  , i think this the reason why binance traders can earn more profit  but but  , a pro trader can always earn sufficient profit no matter what exchanges he or she will be using  .

The buying price were a little bit far from the other exchanges which making Binance trader to generate high percentage of returns.  It's volume will be a big consideration to know how much we possibly got in any exchanges and so Binance have the advantage. Of course, investors are smart to know that and they'll find satisfaction with Binance.

Even the binance has a low buying price for alternative coins still it would not assure the profit of every trader especially the beginner ones. The consideration of binance having a huge trading volume is the biggest factor why we trader can say that. Don't argue about how binance easily got to the top of exchanges.