Hi Friends,
Is it possible to do BTC--USD ( not any other coins) day trading? Which platform will be good for this?
I tried in coinbase but their fees is too high. I tried to do with 1 BTC and I end up loosing money. I sold 1 btc and they charged $80 then when I bought back again they charged again $80 so instead of making some money when btc price increaased about $150, I lost $10 because of fees.
So, is there any other platform that charge less fess so that at least I can make money if btc price increases about $150 or so?
Many Thanks
Is it possible to do BTC--USD ( not any other coins) day trading? Which platform will be good for this?
I tried in coinbase but their fees is too high. I tried to do with 1 BTC and I end up loosing money. I sold 1 btc and they charged $80 then when I bought back again they charged again $80 so instead of making some money when btc price increaased about $150, I lost $10 because of fees.
So, is there any other platform that charge less fess so that at least I can make money if btc price increases about $150 or so?
Many Thanks
Yes, there is a variety of exchanges you can do this on. For example, http://gdax.com http://cex.io http://bitfinex.com, http://bitstamp.net
The fees on all of these exchanges are different, so you have to find out which one fits your payment method best, and which one is the most comfortable for you. I personally enjoy bitfinex, due to them having the most liqudity and a very good layout, but that's pretty much personal preference.
Also, you could've find most of them by a simple google search, which is something i would recommend you do next time
