Binance traders are making more money than other traders - page 4.

legendster

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Quote from: crabby on December 13, 2018, 06:16:03 PM

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 wonder how the BNB price increase might offset this profitability if at all. I haven't read your report yet, but I'd be glad if I find that you've addressed this issue in there.

bitbunnny

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I don't think that any exchange has more favourable conditions than the other that would enable bigger profit for traders. Binance is not exception. If such claims were true then all traders would use the same exchange so that makes no sense and I don't think that anyone would fall for this.
The only difference among exchanges is user experience, customer care and safety and security features but not bigger profit.

BitBustah

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Quote from: clover12 on May 08, 2019, 09:17:08 AM

In lighting of recent events, this topic can be change to "Binance Hackers are making more money than other traders" Grin

But it looks like customers on Binance won't be losing any money because the losses will be covered. The is a relief for myself because I have a few coins on Binance that I have been trading.

I still have faith in Binance but my trust has been diminished a little after this hack.

clover12

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In lighting of recent events, this topic can be change to "Binance Hackers are making more money than other traders" Grin

Whosdaddy

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Quote from: crabby on December 13, 2018, 06:16:03 PM

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.

LOL, like seriously do you expect me to read all that you have written there? Then clap for yourself. I'm not ready to read all that you have stuffed up there, you should just do a summary of everything and post it here in the forum, just edit your post here and we can easily get what you're trying.

I even clicked that link by mistake cause I don't like clicking links that I know nothing about in this forum. And I also don't believe that, all exchange are the same and no matter the one you're making use of, all that matters is your skills. If you lose, or win its the same thing.

jak3

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I don't see any reason why not they will make more money than other exchanges. Binance has better tools like tradingviews and they have there special BNB coin which they burn every interval to keep everyone intact into the exchange and more over their markets are not much sticky. Exchanges in binance markets are easier to analysis and with good indicator and comparison practices, everyone can get hang of it.

Cosbycoin

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Quote from: anume123 on May 07, 2019, 08:24:37 AM

We see that binance is very good exchange for lot of exchange platforms and we see that good altcoins are in binance and a real volume you see if you are start to trade there.

Besides that Binance has built many other projects where investors can invest to make profit. Trading with coins on Binance is easier than any other exchange due to several features. It is a more efficiently developed exchange with quick updates and new innovative projects. Professional traders prefer Binance as the top exchange among all the other exchanges and this might be due to the faster and unique features with super trust.

Malsetid

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Quote from: BlueStackz on May 07, 2019, 05:37:57 AM

Quote from: anume123 on May 06, 2019, 11:12:10 AM

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.

Some people are not seeing all these positive side of Binance, all they see is the monopolistic nature of Binance and complaining what is not there, while they are complaining, Binance is busy focusing on making their platform better and how they can add more benefit to their existing customers.

I have been using Binance since they got to the market, and not for 1 second have I got any reason to complain abit their service to me, how many complain have I seen in the market about other exchanges? So many of them, now when they say Binance users/traders are making more money, they will start arguing blindly.

Me too. Probably they say this because more efficient traders now prefer binance over other exchanges. I've checked the spreads between binance and cmc and other exchanges and the difference isn't that much. Though it's easier to pick lower ranked alts since binance has a pretty big listing and i've also made quite a lot playing with lower alts like wabi. Top traders choose binance and that's probably why there are more people here earning money.

anume123

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We see that binance is very good exchange for lot of exchange platforms and we see that good altcoins are in binance and a real volume you see if you are start to trade there.

bitcoin31

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So that is your thinking that binance trader are earning more than the other traders of the exchanges or trading site? I think personally we are not earnung because od the exchanges because we are earning money because of the coin that we hold and if the coin are available to the other exchanges you can still earn money because they have same price only for the same coin they different only in the volume everyday.

BlueStackz

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Quote from: anume123 on May 06, 2019, 11:12:10 AM

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.

Some people are not seeing all these positive side of Binance, all they see is the monopolistic nature of Binance and complaining what is not there, while they are complaining, Binance is busy focusing on making their platform better and how they can add more benefit to their existing customers.

I have been using Binance since they got to the market, and not for 1 second have I got any reason to complain abit their service to me, how many complain have I seen in the market about other exchanges? So many of them, now when they say Binance users/traders are making more money, they will start arguing blindly.

Ultimist

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I don't know what this is about. But maybe it's a low transaction fee. The popularity of this exchange among traders also plays a role. I also like the fact that you can pay BNB for transactions. It's super profitable.

TomArayaSlaya

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It depends on the traders and also the volume of the assets in that exchange and since binance is a big and reputable exchange there will ofcourse be large amount of users and they are bound to get more trade than others Good traders will make use of that opportunity for sure

Vispilio

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I think this analysis needs to be updated. This may have been true for a brief period of time when Binance was the most popular

and liked exchange in most metrics, so people attached a very high credibility to any crypto listed there,

but this has no longer been the case for quite a while now...

DeathProxy

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From what i have read deom your analysis i can deduce that the major diffrence that makes it looks like Binance traders are making more money than traders of other exchange is in the low transaction fee on Binance exchange. Any exchange with such low trading fee will enjoy same

anume123

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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.

BlueStackz

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Quote from: ApocalypseNow on April 19, 2019, 08:43:44 AM

We could not deny that fact. The binance team has taken all the trust and interest of many traders compared to others because of their transaparrency. Any token that gets listed there will always have a good liquidity because of the active trades and huge volumes and very easy for anyone to take advantage of that.

The point you made only shows that the project developers and team are the ones enjoying more, but I think the major thing the op is trying to point out the fact that traders on Binance platform makes money more than other trader in another platform because of the low trading fees being charged by Binance compared to other exchanges.

If it’s based on the features you mentioned, I think other exchanges too have these great features that could attract investors and not make Binance users make money more than them, but for fees, Binance is superb.

Ayiranorea

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Quote from: zhekinsp on April 19, 2019, 10:33:18 AM

Quote from: ApocalypseNow on April 19, 2019, 08:43:44 AM

We could not deny that fact. The binance team has taken all the trust and interest of many traders compared to others because of their transaparrency. Any token that gets listed there will always have a good liquidity because of the active trades and huge volumes and very easy for anyone to take advantage of that.

So Binance is making more money than other exchange rather than saying Binance traders are making more money than other traders.

More users have been getting into Binance for all trading needs. As majority of the cryptocurrencies listed to Binance has got good trading volume when compared to other exchanges with the same cryptocurrency. Another thing is the accessibility provided, very few exchanges have got an app that works without flaw. There are traders making good out of Binance, but not the entire traders experiencing the same.

Xenrise

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I'm pretty sure that it depends on the traders. If a trader does TA and good in different kinds of trades like shorting or long trades. Then he could be a better trader than other traders. But having a trader trading in binance does not makes sense that they are more making money than other traders.

teosanru

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Isn't this study only between Binance and Bittrex?
Binance is definitely better than bittrex on many level, important being the withdrawal fees. Binance came with the app quite early and thus, has edge over many od its competitors. Binance has enough liquidity and simple API for any small investor. Thus, more daily volume and hence, more volatile. The more is the volatility, more is the chances of making profits.

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