Topic: Binance traders are making more money than other traders - page 7. (Read 10549 times)
It not depends the income where you trade. Yes binance is one of the biggest and large volume of bitcoin or exchanges. I believe it depends to the coin that you have if you are going to earn money. Because the price of coind to binance is always same to other exchanges site. I don't think is Idea or think is true for me only and I don't know to other people what they think also about this.
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.
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.
interesting topic because their trading with binance is always more attractive for everyone but I don't think it will be the leading trading option for anyone because a person who worked with more effort and intelligent will getting the profit in any type of trading show the field is not important to make it more profitable. https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study
I'm happy to answer any questions about the study.
I am a binance account holder and I trade on Binance everyday which I also use other exchanges too, for service, I will say Binance is very great and when it comes to charges in trading.
Binance still tops the list of all crypto exchanges with lowest trading fee. Though your article is a bit long but the summary of it their fee is very low compared to other exchanges because they use maker taker system in their transactions. Charges for makers and takers go as low as 0.10% to 0.04% depending on the volume.
Binance still tops the list of all crypto exchanges with lowest trading fee. Though your article is a bit long but the summary of it their fee is very low compared to other exchanges because they use maker taker system in their transactions. Charges for makers and takers go as low as 0.10% to 0.04% depending on the volume.
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.
That's a very interesting study, but personally I don't think that Binance is the place for real professionals. Bitmex, Bitfinex and mainly exchanges where you can trade with leverage are where the pros make their living. I see Binance and Bittrex as more retail oriented platforms.. And obviously you can't compare the volume of Bitmex with Binance or Bittrex.
Totally of aceurdo with you, I think Bitfinex is the best Exchange, Binance does not have the option to trade in margin trade, and does not have tools as important as placing when opening a Stop Loss and Take Profit position, Binance only allows to buy and the only way to earn is to sell more expensive. This is totally limited to the merchant, because it can be earned in whatever direction the market takes.
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.
That's a very interesting study, but personally I don't think that Binance is the place for real professionals. Bitmex, Bitfinex and mainly exchanges where you can trade with leverage are where the pros make their living. I see Binance and Bittrex as more retail oriented platforms.. And obviously you can't compare the volume of Bitmex with Binance or Bittrex.
People are mistaking cause and result here all the time. Are you guys not reading the article at all? The reason why people in binance making profits more than other places is the low fee involved in trading at binance, when a place has that much volume compared to others and still take less fee that comes down to traders making more profits of course, it is just simple mathematics.
When you have a place with daily 1 million dollar volume and taking 0.25% or so fee from the trading and a place has 2 billion dollar volume taking 0.05% from the fee you can see why the people at binance is making more profits and by large. If humanity started to move into more DEX type of system with lower or no fee at all and the volume rises there we will see people making profits in those places as well.
When you have a place with daily 1 million dollar volume and taking 0.25% or so fee from the trading and a place has 2 billion dollar volume taking 0.05% from the fee you can see why the people at binance is making more profits and by large. If humanity started to move into more DEX type of system with lower or no fee at all and the volume rises there we will see people making profits in those places as well.
This comment is correct. Thank you for sharing so more people could understand the purpose of the article.
If other exchanges with low trading volume charges low the way binance does, many of them would have packed up by now due to lack of maintenance since it’s the charges they use in running the exchange center. We also need to consider the fact that binance does not only make money through trading alone, they make through deposit and withdrawal fees too.
People are mistaking cause and result here all the time. Are you guys not reading the article at all? The reason why people in binance making profits more than other places is the low fee involved in trading at binance, when a place has that much volume compared to others and still take less fee that comes down to traders making more profits of course, it is just simple mathematics.
When you have a place with daily 1 million dollar volume and taking 0.25% or so fee from the trading and a place has 2 billion dollar volume taking 0.05% from the fee you can see why the people at binance is making more profits and by large. If humanity started to move into more DEX type of system with lower or no fee at all and the volume rises there we will see people making profits in those places as well.
When you have a place with daily 1 million dollar volume and taking 0.25% or so fee from the trading and a place has 2 billion dollar volume taking 0.05% from the fee you can see why the people at binance is making more profits and by large. If humanity started to move into more DEX type of system with lower or no fee at all and the volume rises there we will see people making profits in those places as well.
This comment is correct. Thank you for sharing so more people could understand the purpose of the article.
People are mistaking cause and result here all the time. Are you guys not reading the article at all? The reason why people in binance making profits more than other places is the low fee involved in trading at binance, when a place has that much volume compared to others and still take less fee that comes down to traders making more profits of course, it is just simple mathematics.
When you have a place with daily 1 million dollar volume and taking 0.25% or so fee from the trading and a place has 2 billion dollar volume taking 0.05% from the fee you can see why the people at binance is making more profits and by large. If humanity started to move into more DEX type of system with lower or no fee at all and the volume rises there we will see people making profits in those places as well.
When you have a place with daily 1 million dollar volume and taking 0.25% or so fee from the trading and a place has 2 billion dollar volume taking 0.05% from the fee you can see why the people at binance is making more profits and by large. If humanity started to move into more DEX type of system with lower or no fee at all and the volume rises there we will see people making profits in those places as well.
This comment is correct. Thank you for sharing so more people could understand the purpose of the article.
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
People are mistaking cause and result here all the time. Are you guys not reading the article at all? The reason why people in binance making profits more than other places is the low fee involved in trading at binance, when a place has that much volume compared to others and still take less fee that comes down to traders making more profits of course, it is just simple mathematics.
When you have a place with daily 1 million dollar volume and taking 0.25% or so fee from the trading and a place has 2 billion dollar volume taking 0.05% from the fee you can see why the people at binance is making more profits and by large. If humanity started to move into more DEX type of system with lower or no fee at all and the volume rises there we will see people making profits in those places as well.
When you have a place with daily 1 million dollar volume and taking 0.25% or so fee from the trading and a place has 2 billion dollar volume taking 0.05% from the fee you can see why the people at binance is making more profits and by large. If humanity started to move into more DEX type of system with lower or no fee at all and the volume rises there we will see people making profits in those places as well.
In the starting all exchanges work good and give good support but when they are started to get huge profits then they start to give trouble and after some time they even give very bad support. for example you can take poloniex in 2015 - 16 it was no.1 exchange with same good volume and good support when they started to get huge profits they also started to give trouble to users and now they are in low position. So only time will tell how much good exchange it will be.
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.
Possibly most of the time but not always,only the trader who knows how to use the trading pairs of BNB will make more money than anyone and withdrawal fee from binance iess lesser which also may increase the profits.
I think the number of coins listed in Binance is also a reason for traders to earn a lot in this site. Traders have a lot of coins to chose from. On top of that is the volume, volume makes trading in this site more exciting because with high volume, the price movement is fast so those who are good in scalping, this is the site for you.
Besides that, usually coins which are traded in binance are coins with good supporting from the developer. So that the coin is more directed with such good development. Binance gives confidence to the public when a coin listing in binance is a coin with a bright future. this is why trading volume at binance is so extraordinary and has a fast moving rate but remains stable so it rarely experiences significant price dumping.
Binance is now a large, reputable trading platform and has many good altcoins traded there, so profitable trading is a fairly normal affair.
The altcoins that are listed on Binance are all very high priced and it makes the revenue of many traders increase.
The altcoins that are listed on Binance are all very high priced and it makes the revenue of many traders increase.
This is according to trend of market, Binance is provide spot crypto trading so alot of trader will get much profit if the trend bullish, but since in the beginning of 2018 all crypto dumped hard and only by short the price in margin trading we can make profit. So margin trading platform is also promising huge profit for many trader who understanding the trend and price action.
There are always trader who loss and make profit in each exchange , this is depending on the trading plan and risk management of each person. All crypto has high volatility and Binance become the best exchange because they offer lower trading fee and have high trading volume that give low spread, also they only listed good coin. Trader will make more profit only in bull market so this is according to trend of market.
You mean Binance has a Trading volume larger than any other exchange?
not all binance trading always makes a lot of money.maybe that happens to just a few traders,
because every trade has the potential to make a lot of money,
all depends on each trader.
Cryptocurrency exchange really requires a good understanding and requires a quick response if at any time there is a price movement. so our intelligence is the determinant of success.
If two traders make the same trade, but one makes the trade on Binance and the other makes it on another exchange, the Binance trader will usually make more money. This is what the article discusses. You can find the article here:
https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study
Let me know if you have any questions!
You mean Binance has a Trading volume larger than any other exchange?
not all binance trading always makes a lot of money.maybe that happens to just a few traders,
because every trade has the potential to make a lot of money,
all depends on each trader.
Cryptocurrency exchange really requires a good understanding and requires a quick response if at any time there is a price movement. so our intelligence is the determinant of success.
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