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. 
Topic: Binance traders are making more money than other traders - page 5. (Read 10549 times)
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.
If we have good exchanges out there better than Binance, then they should do well too to meet up to standard, what they have is same thing Binance has, so they have everything they need to function well and break the monopoly of Binance if they wish to do so, they have caught their profit greed and bring down their own trading fee too to be at pal with Binance, if they had done so, internet would not have even recorded Binance alone as the exchange with the lowest possible trading fee, this is then main edge Binance has over them, aside their intelligent team members who are very creative.
Correct. The competition on exchangers market should be bigger, to other not so popular exchangers offer better terms and conditions than Binance.I really do not understand why it still take the biggest part of the market. I do not use it at all and apparently never will, because of my country is kind of banned on the exchanger due to political situation between our governments. But I really do not care, because of there are many others.
Maybe this is a factor from IEO binance to become a popular and favorite exchange.
just look at BTT and other IEOs that are successful in seconds.
Even other exchangers compete to make a similar IEO. but binance is still number one.
just look at BTT and other IEOs that are successful in seconds.
Even other exchangers compete to make a similar IEO. but binance is still number one.
Digital assets that are listed in Binance gains high liquidity so this is not a huge suprise. It has always the most volume and I'm sure that there are a lot of whales hanging out there and just cutting their orders just to make it look it's a normal buy and sell orders. If I were to decide I would want only 10-20 exchanges that will exist in the market so Binance will have 80% or more of the total volume of the whole crypto market.
Where are the biggest gainers there are the biggest losers too. Binance is the biggest market currently, but there are other good exchanges too. Why to wish somehthing like that? Why Binance to have 80% of the market share for them, it`s almost a monopoly. Like I said there are other good exchanges that doesn`t ask you for kyc or where you live, you make profit on price changes no matter which exchange you use.
Digital assets that are listed in Binance gains high liquidity so this is not a huge suprise. It has always the most volume and I'm sure that there are a lot of whales hanging out there and just cutting their orders just to make it look it's a normal buy and sell orders. If I were to decide I would want only 10-20 exchanges that will exist in the market so Binance will have 80% or more of the total volume of the whole crypto market.
Not too many exchanges haven't revealed their actual value but Binance is one of the exchange with highest actual trading volume on it so it is not a surprise that people trading on it getting some profits.And they also have BNB to cur down their fee which gives some encouragement for the people who want to trade regularly with crypto on that exchange. 
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.
Binance trade is cheaper to other exchanges because of the volume on Binance, even with that little charges, they are still making much more profit more than the other exchanges, so their volume really makes it easy to adjustthere charges to being the lowest.I believe if other exchanges too can get the number of volume and users Binance has, they too will become cheap, but I still give kudos to Binance, they didn’t just get to this stage if not because of their hard work that brought about their efficiency and also the security measures put in place that attracted lots of users to them.
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.
https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study
I'm happy to answer any questions about the study.
I am not sure about profit but yes in Binance you can make a quick deal as trading volume is very high. There are lots of traders placing order in Binance at the same time so you need not to wait to sell or buy any token whereas in other exchanges volume is not that good. Less volume also increases the price gap means Sell order and Buy order are placed at a huge gap, in such situation noone wants to buy buy costly and sell cheap. If a trader is good in fundamental or technical analysis he/she can make good profit at Binance due to nice platform and instant execution.
Digital assets that are listed in Binance gains high liquidity so this is not a huge suprise. It has always the most volume and I'm sure that there are a lot of whales hanging out there and just cutting their orders just to make it look it's a normal buy and sell orders. If I were to decide I would want only 10-20 exchanges that will exist in the market so Binance will have 80% or more of the total volume of the whole crypto market.
Where are the biggest gainers there are the biggest losers too. Binance is the biggest market currently, but there are other good exchanges too. Why to wish somehthing like that? Why Binance to have 80% of the market share for them, it`s almost a monopoly. Like I said there are other good exchanges that doesn`t ask you for kyc or where you live, you make profit on price changes no matter which exchange you use.
Digital assets that are listed in Binance gains high liquidity so this is not a huge suprise. It has always the most volume and I'm sure that there are a lot of whales hanging out there and just cutting their orders just to make it look it's a normal buy and sell orders. If I were to decide I would want only 10-20 exchanges that will exist in the market so Binance will have 80% or more of the total volume of the whole crypto market.
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 .
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.
Where also exchanges can adjust there rates and wants to stay competitive the article wont stand up longish.
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 .
with pairs and potential moving coins as volume is higher compares to other exchanges.
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 .
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 .
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.
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 .
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.https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study
I'm happy to answer any questions about the study.
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.
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 .
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.
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.
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