Binance traders are making more money than other traders

[bettercrypto]

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 think only traders who have background in cryptocurrency as well as trading are those who can make higher profits. Many traders are often to lose due to lack of experience. In my opinion, it is not about the exchange where you trade but on how you will execute your plan in trading. However, if you will make your position in a long term basis, then it could be a profitable for you.

[ricardobs]

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

Well, according to the top exchange in the market Binance always on top 3 centralized platform according to the coinmarketcap.
Because of a large community they have to its platform exchange, no wonder that majority of their traders who used Binance platform
are always making profit everyday. Even recently, binance faced an issue about 7000BTC that has been stole by the hackers, binance
can still surpassed that circumstances anyway.

Maybe that is true, but we don't know anything about each trader, and maybe not most traders who trade on binance was made a bigger profit. I think in the other exchange, many traders are making a lot of profit too because they can find the right coin to buy and sell. So it is about how we choose the right coins to trade and make the profit.

traders profits not depend on exchanges.exchanges only provide large daily volume trading and if traders able to put their money in correct time and level they should earn profits.binance as biggest exchanges never promises profits for their customers.

Of course a great exchange can make you more money if you trade on their platform.  There are many reasons behind this. Users on Binance make more money in trading because more than 90% of the crypto users are on Binance and it is more quick and convenient for the Binance users to make pretty more as compared to those on other exchanges.

[kennen1113]

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 think only traders who have background in cryptocurrency as well as trading are those who can make higher profits. Many traders are often to lose due to lack of experience. In my opinion, it is not about the exchange where you trade but on how you will execute your plan in trading. However, if you will make your position in a long term basis, then it could be a profitable for you.

Lack of experience is really a reason why traders cannot earn profits in the exchanges they participate in but that is not entirely all, experience may not be enough but a potential exchange with so many opportunities is created every day, it is still enough to compensate for that lack of experience. And one thing is certain that a well-known exchange will create those opportunities while exchanges with low volumes will be difficult to achieve, the best thing in big exchanges is quick liquidity, limiting risks and so everyone involved in binance has an advantage over other exchanges

[rysea2]

Basically Binance is one of the big exchanges so that many people use it and it results in the increase and decrease in prices will be fast and for those who can read it they can take advantage of it. However, according to me, some of the pins in the article also greatly affect how traders in binance can be more profitable.

[Eildosa]

This is due to the fact that the exchange Binance has come up with an excellent way to pay the Commission. This saves money. In addition, this is one of the most popular exchanges for trading.

[Aivaryamal]

On Binance in my opinion has a lot of liquidity and the number of cryptocurrency pairs to trade, so traders can earn significantly more and simple and intuitive interface, convenient mobile application

[OrangeSeller]

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 think only traders who have background in cryptocurrency as well as trading are those who can make higher profits. Many traders are often to lose due to lack of experience. In my opinion, it is not about the exchange where you trade but on how you will execute your plan in trading. However, if you will make your position in a long term basis, then it could be a profitable for you.

Making money in trading is not just determined by how experienced the trader is or how good your coin is. It is also determined by what coin are you trading and on which exchange. What kind of market are you trying to trade in and so on. Binance being the best exchange has great edge over the rest of the exchanges and if you are a user on Binance, you might end up making more money than others.

[timmydakolo2]

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.

Binance is a trading platform with lots of liquidity and many traders love the platform due to the simplicity of it. Even with the hack challenges they have they always remain the best.

[timmydakolo2]

Not withstanding we have BITTREX as one of the top exchanger so far but what I came to noticed is it lacks liquidity on like that of binance let's say it's a platform for the big whales that controls the market.

[Kiweikoo]

On Binance in my opinion has a lot of liquidity and the number of cryptocurrency pairs to trade, so traders can earn significantly more and simple and intuitive interface, convenient mobile application

That is true that Binance users make more money but in my opinion, making profit in trading Bitcoins or altcoin in a bullish market is not as bad as it might look in a down market. You need to have the best coins, and your wallet on the best exchange and you need to have good trading skills and knowledge about crypto as well. Only then there could be handsome profits. LUCK will never save you when it comes to trading.

[btc78]

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.

Clearly it’s just a study but nothing assured us about such ideas,binance is indeed a good exchange but there are other good exchanges that exist for long and proven to be more functional and accurate,and about the hacking weeks ago?i am sure binance had lost many investors since that’s a serious hacking involving millions of dollars

[Hypnosis00]

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.

Clearly it’s just a study but nothing assured us about such ideas,binance is indeed a good exchange but there are other good exchanges that exist for long and proven to be more functional and accurate,..

Though it is just a study, if OP is religiously gathered those data it eventually reflecting the possible result that using Binance exchange will build a good profit than of the other. If we analyze the data, it is proven.

 

i am sure binance had lost many investors since that’s a serious hacking involving millions of dollars

Not really give a huge effect on the market and I doubt that investors will leave Binance because of these issues. They are protecting their reputation and so the will immediately address the problem and take action for the resolution of it.

[richmcrich]

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

Well, according to the top exchange in the market Binance always on top 3 centralized platform according to the coinmarketcap.
Because of a large community they have to its platform exchange, no wonder that majority of their traders who used Binance platform
are always making profit everyday. Even recently, binance faced an issue about 7000BTC that has been stole by the hackers, binance
can still surpassed that circumstances anyway.

Maybe that is true, but we don't know anything about each trader, and maybe not most traders who trade on binance was made a bigger profit. I think in the other exchange, many traders are making a lot of profit too because they can find the right coin to buy and sell. So it is about how we choose the right coins to trade and make the profit.

There is no platform where people don’t make huge profit, provided they have the right trading strategy and the exchange has the speed and volume to make them able to execute their trading as quickly as possible.

I think the op is just trying to bring out the point that trading on binance is lot cheaper than trading on other platform because of so many benefits they give to their traders and also the trading fee that is quite very cheap for most of their users, but in the normal environment, people that makes more profit are people who invest with huge capitals and has the strategy to trade.

[redsun114]

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.

Clearly it’s just a study but nothing assured us about such ideas,binance is indeed a good exchange but there are other good exchanges that exist for long and proven to be more functional and accurate,..

Though it is just a study, if OP is religiously gathered those data it eventually reflecting the possible result that using Binance exchange will build a good profit than of the other. If we analyze the data, it is proven.

 

i am sure binance had lost many investors since that’s a serious hacking involving millions of dollars

Not really give a huge effect on the market and I doubt that investors will leave Binance because of these issues. They are protecting their reputation and so the will immediately address the problem and take action for the resolution of it.

I think yeah there is an edge to the Binance users in making money as compared to those on other exchanges. It is because this is the best exchange and has more than 90% of the crypto users which makes trading on the exchange a bit easy and less time consuming. The exchange provides extra security which makes it possible to take away the money you make without loosing it to hacks.

[idham29]

Basically Binance is one of the big exchanges so that many people use it and it results in the increase and decrease in prices will be fast and for those who can read it they can take advantage of it. However, according to me, some of the pins in the article also greatly affect how traders in binance can be more profitable.

Binance is a prospective coin to become an investment portfolio, because prices always rise in line with the increase in bitcoin, but Binance's added value is affiliated with crypto exchanges so it is more trusted by the market.
Indeed, Binance's price is below ETH or LTC, but the value held is quite promising for trading, including coins that have large volumes.

[whyrqa-1]

It seems to me that we need to wait and follow the development of events, because binance plans to occupy a very good position in the cryptocurrency market precisely thanks to IEO.  Some analysts talk about competition with ethereum.

[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.

That's right. IEO projects have made many investors have huge profits. Matic has compared the price of IEO, Celer and BTT to bring a lot of profit to investors. Most recently, Harmony has brought in profits up to 800% for those who are fortunate to buy tokens.
that's why we see the price of BNB has been continuously increasing in recent years.

[SirLancelot]

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 am. Not believing that cause you're just assuming and you don't know what you're saying. What I believe is that no matter the exchange you're making use of there is equal chances for everyone to make money from the website and there is nothing like binance being the one that makes you the most money. There are risks in every exchanges and no matter the leverage, it doesn't change the fact that only a few people makes money from trading while the rest are just losers who keeps on losing all the time they try to trade and their money goes out to the winners and exchanges.

[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.

I am. Not believing that cause you're just assuming and you don't know what you're saying. What I believe is that no matter the exchange you're making use of there is equal chances for everyone to make money from the website and there is nothing like binance being the one that makes you the most money. There are risks in every exchanges and no matter the leverage, it doesn't change the fact that only a few people makes money from trading while the rest are just losers who keeps on losing all the time they try to trade and their money goes out to the winners and exchanges.

Thank you for the comment! I encourage you to read the article so you have a better understanding of why this is true. I used precise studies to evaluate this hypothesis. Please let me know if you have any questions once you get a chance to read the article!

[rhodelmabanal]

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 am. Not believing that cause you're just assuming and you don't know what you're saying. What I believe is that no matter the exchange you're making use of there is equal chances for everyone to make money from the website and there is nothing like binance being the one that makes you the most money. There are risks in every exchanges and no matter the leverage, it doesn't change the fact that only a few people makes money from trading while the rest are just losers who keeps on losing all the time they try to trade and their money goes out to the winners and exchanges.

Thank you for the comment! I encourage you to read the article so you have a better understanding of why this is true. I used precise studies to evaluate this hypothesis. Please let me know if you have any questions once you get a chance to read the article!

Yes, reading  articles might help us be feed by informations coming out from any social media news. Most probably based on what I've heared from shares around twitter and other facebook shares, binance had really great journey right now particular on trading. Most of the traders got great profit since previous price of their token was cheaper and yet now became very much profitable. As per checking I think their bnb token was now x5 compared from last year's price.