TRADING A SINGLE TOKEN IN BETWEEN EXCHANGES

[Goodvalony]

i have tried my best to make little money from this crypto business but it seems like i am not getting things right. from Airdrops to bounties. everything turn to pennies and scams at the end. i have tried to invest in ICOS and IEOs. the product plummets immediately the moment it spends two months in the market. i want to try another option and wish to ask here if it is favourable. i discovered that there are tokens that shares different prices in different exchanges.
simple: i buy low from one exchange and sell high in another. looks simple but i think it is worth while, i tired it once with Mainstream For The Underground token. i made a little cash but it was just a trial.  .
hope to share this here.

[semobo]

You are not doing anything new,this method of trading is called arbitrage. If you are capable of finding the price difference between exchange then you can make profits as you did but this is more riskier than you think especially when a token has less trading volume because price changes will be high which could affect your trade while you are moving coin from one exchange to another.

[jhenfelipe]

Arbitrage. The idea is simple, but doing it is risky too.

A friendly reminder - Don't be swayed right away by exchange prices. Please do a thorough research before buying because aside from a possibility of low trading volumes mentioned by @semobo, sometimes, exchanges that have above and/or below average market price are having problems like Wallet Maintenance. You might buy and expect that it can be sold at a higher price, but in the end you'll find out you won't be able to send it to a specific exchange.

[Rodeo02]

i have tried my best to make little money from this crypto business but it seems like i am not getting things right. from Airdrops to bounties. everything turn to pennies and scams at the end. i have tried to invest in ICOS and IEOs. the product plummets immediately the moment it spends two months in the market. i want to try another option and wish to ask here if it is favourable. i discovered that there are tokens that shares different prices in different exchanges.
simple: i buy low from one exchange and sell high in another. looks simple but i think it is worth while, i tired it once with Mainstream For The Underground token. i made a little cash but it was just a trial.   .
hope to share this here.

Yes it will work and  we call it arbitrage . But considered the transaction fee first before doing this things and check the wallet of both exchange if there are no maintenance. you can easily transfer the coin you want to buy from to another exchange,  also dont forget the orders of both exchange before buying it.

[tabas]

Maybe investing in ICOs and IEOs isn't really for you so stop doing that. What you have discovered is the arbitrage and this is a very known trading strategy in the community but I don't do it because there's a tendency that your transaction might get delayed of confirmation.
If you're profitable doing that, make sure that you're risking a notable amount of money.

[TheBusstop]

i think you need to be careful on how you to make these trades. the best option is put a low price below the current trading and wait for your luck. it takes time. No need to rush but it will take time and pray your plan work. you might end up frustrated.

[Dart18]

They call it arbitrage.
It doesn't work always and there will be a time that you be will on the other side.
Take it as just a lucky move.

This will also take so much work as you will need to monitor both exchange or 4 on your list to look at the price every once in a while.

[DaMut]

This is very risky because you will use a different exchange whenever you want to make a profit. I have seen an exchange using a spread on their orders to attract the arbitrager to trade it on their exchange, but after they sent their token and sold it on that exchange. they could not withdraw it because the exchange did not allow them, this was also one of many reasons why did I stop doing it.

[anog]

As others have said, this is not a new method.

You are only required here to carefully choose the difference between exchanges, this is not easy and the risk is quite high, prices go down when you process withdrawal and deposit transactions, this is what usually happens.

[mr_random]

Arbitrage-the double killer of profit due to the high spreads between the different exchange rates and withdrawal commissions. If you can use the special software which can find the gaps, differences between exchanges for the same altcoin pair, you can make money through the turnover of the precise amount. The withdrawal fees can be adjusted if you can use another cheap alternative crypto for transfer.

[disconnectme]

This is nothing new, Arbitrage is what is employed in betting and trading, all you need is a variation is prices one two exchanges but I hop you are making use of bots, which will make you life easier, if not it is possible that the transaction fees and withdrawal fees is going to erode and eat into our profit if care is not taking

[semobo]

Arbitrage-the double killer of profit due to the high spreads between the different exchange rates and withdrawal commissions. If you can use the special software which can find the gaps, differences between exchanges for the same altcoin pair, you can make money through the turnover of the precise amount. The withdrawal fees can be adjusted if you can use another cheap alternative crypto for transfer.

It is not going to increase the withdrawal which takes almost same time for process for every coin but only the transaction confirmation time differs.SO it will reduce the withdrawal fee but might increase the trading time a bit which increases the risk as well.

[yanto@1977]

I already did this " swing " method but I'm afraid this strategy also fail in this situation. Right now people still want to get cheap price but volume also low, so they only replace very cheap price with very low volume, you'll get nothing with this strategy. Try with gambling method, meaning push the price in deep and sell it. Push need big money and I hope you have that.

[safari88]

simple: i buy low from one exchange and sell high in another. looks simple but i think it is worth while, i tired it once with Mainstream For The Underground token. i made a little cash but it was just a trial.  .
hope to share this here.

from which exchange that you do the arbitrage? i have done an arbitrage before but unfortunately i always loss because the blockchain confirmation took a long time to confirm

[scopatumana]

That's what they call arbitrage trading. It however goes beyond price differences though. Many various exchanges have their own different trading fees and withdrawal fees and they all cumulatively contribute to your net profits. So you have to make your analysis very very well.

[aardvark15]

i have tried my best to make little money from this crypto business but it seems like i am not getting things right. from Airdrops to bounties. everything turn to pennies and scams at the end. i have tried to invest in ICOS and IEOs. the product plummets immediately the moment it spends two months in the market. i want to try another option and wish to ask here if it is favourable. i discovered that there are tokens that shares different prices in different exchanges.
simple: i buy low from one exchange and sell high in another. looks simple but i think it is worth while, i tired it once with Mainstream For The Underground token. i made a little cash but it was just a trial.   .
hope to share this here.

Many people do arbitrage trading but you have to make sure that you account for the fees from moving the coins off one exchange and onto the other.  It seems like a lot to do for a small gain.

[ntb85]

I have experienecd being not able to withdraw when using the shittyest exchange in the wordl : COINMEX.
ORDER BOOKS ARE FAKE, always trading lower you, never ever passing up, like my order would decide the whole market... if u guys wanna look at it please have fun and try trade  OF COIN

https://www.coinmex.com/spot/of_eth

when i finally sold much lower than the market i could'nt even withdraw !!
 

[Nadziratel]

The friend who opened Topic talked about arbitrage, but I don't think he's fully in control. It is useful to know that Arbitrage should be done correctly and sometimes it may involve risks. I don't think it's a general trading method.

[Nezerlan]

That is known as arbitraging. It is a very decent way to trade crypto although it requires large amount of funds in order to gain meaningful profit while trading between exchanges.

[jagaban]

The friend who opened Topic talked about arbitrage, but I don't think he's fully in control. It is useful to know that Arbitrage should be done correctly and sometimes it may involve risks. I don't think it's a general trading method.

Yes it does come with risks. There was a crypto project focused on arbitraging that started last year. Today they are struggling to stay afloat and their native token as dipped badly from an ATH of over $10 to less than $0.005. This means it has not being an overly successful endeavour despite all their state of the arts bots that execute trades