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Topic: Binance traders are making more money than other traders - page 6. (Read 10622 times)

legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
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.
legendary
Activity: 1414
Merit: 1001
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.
legendary
Activity: 1330
Merit: 1019
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.
jr. member
Activity: 333
Merit: 1
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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.   
hero member
Activity: 2604
Merit: 816
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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.
hero member
Activity: 1274
Merit: 513
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.
legendary
Activity: 3668
Merit: 6382
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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.
hero member
Activity: 966
Merit: 517
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.
newbie
Activity: 32
Merit: 0
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
newbie
Activity: 140
Merit: 0
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
newbie
Activity: 32
Merit: 0
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?
newbie
Activity: 140
Merit: 0
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
newbie
Activity: 32
Merit: 0
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
newbie
Activity: 140
Merit: 0
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
newbie
Activity: 32
Merit: 0
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
newbie
Activity: 140
Merit: 0
So not sure about this statement
legendary
Activity: 3052
Merit: 1188
Is not guaranteed all trader that use Binance making more profit than others exchanges, this is depend on the trend of market  and trading plan each trader,  in this long bearish trend, alot of trader making money from margin trading by shorting Bitcoin.  
One major reason why it is believed that Binance customers are making more profit is the fact that they have low trading fee which counts a lot, their trading fee is still the lowest in the market for now compared to other exchanges,  someone who traded $1000 on Binance will equally make more money than someone who traded on bitmex if they both trade on same margin, the trading fee difference has equally made one make money than the other even if we tag the difference has low but it does matter when it comes to trading with large amount of money.
legendary
Activity: 2408
Merit: 2226
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Most likely you are right. Binance traders earning more than others exchange user. But do you know Binance traders also losing more than others traders? You know why? Because of pump dump scheme. Some people's earning good especially whale's, on the others hand some people's losing. Because trade means money circulation. Someone selling and someone buying, that's the game. So small traders isn't much on profit. If you compare with Bittrex there is not much pump and dump, so not much profit and lose. Hope you got my point.
sr. member
Activity: 2618
Merit: 439
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.
What makes you so sure that Binance traders are making more money than traders on other exchange?
I am sure not all of the high earners from trading is only at binance there are also other exchanges so it is hard to tell.
I haven't read the blog that I will assume that Binance, since they are the number exchanges right now have the majority of traders in their platform. So there's a lot of trading and funds change hands very quick as compare to other crypto trading exchange. And just look at how BNB is now being pump, for sure lots of holder of them are in Binance. Grin
sr. member
Activity: 1176
Merit: 301
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.
What makes you so sure that Binance traders are making more money than traders on other exchange?
I am sure not all of the high earners from trading is only at binance there are also other exchanges so it is hard to tell.
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