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Topic: Do you trade at multiple exchanges? - page 13. (Read 19333 times)

hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
November 29, 2017, 07:48:34 AM
i've traded on sevral trades before (bittree,cryptopia,mercatox) , until then i only centered on bittrex. Perhaps one day, if i have sufficient BTC currently , i'll use poloniexx

Its quite the same for me and bittrex is probably better and safer than polo anyways with more coin selections. The rates aren't that far with common coins as well
member
Activity: 63
Merit: 10
November 27, 2017, 07:09:58 PM
yes bittrex yobit and poloniex
sr. member
Activity: 812
Merit: 250
November 27, 2017, 06:21:37 PM
I used multiple exchange but not for arbiratge, because arbiratge promising small profit and need long time confirmation when sending it. I used multiple exchange because  some times there are good and potenial coin not listing in my currenct exchange, so I will move to other exchange. 
Well it is not the right time for the arbitrary increasing value of the bitcoin, I hope the bitcoin is going to increase the money with the bitcoin and it will buy you the high value and the price, the more bitcoin will buy you the things you want to buy so take the step in the bitcoin and the value of the bitcoin will help the users in the future so for me there is no change required in the bitcoin now.

Arbitrage is risky now, actually if your capital is not that huge. I personally use 2-3 differnet exhcanges but not for arbitrage, for only token and coin tradings. Some of the exchanges are better with user friendly interface.
I even regret saving all my coins on one Exchange, I save it in Bittrex. some new policies are very difficult to understand, and I find it difficult to verify my account to get the WD 100 BTC limit.
I suggest to get out of Bittrex soon.
hero member
Activity: 2268
Merit: 579
Vave.com - Crypto Casino
November 27, 2017, 02:52:18 PM
Yes, I trade on multiple exchange because some exchange allow smail trade of $10 while some don't and some exchange price rate is always behind the current price of coins in the capital market. So, I use each exchange in a way profitable way.
full member
Activity: 125
Merit: 100
November 27, 2017, 02:13:25 PM
I used multiple exchange but not for arbiratge, because arbiratge promising small profit and need long time confirmation when sending it. I used multiple exchange because  some times there are good and potenial coin not listing in my currenct exchange, so I will move to other exchange. 
Well it is not the right time for the arbitrary increasing value of the bitcoin, I hope the bitcoin is going to increase the money with the bitcoin and it will buy you the high value and the price, the more bitcoin will buy you the things you want to buy so take the step in the bitcoin and the value of the bitcoin will help the users in the future so for me there is no change required in the bitcoin now.

Arbitrage is risky now, actually if your capital is not that huge. I personally use 2-3 differnet exhcanges but not for arbitrage, for only token and coin tradings. Some of the exchanges are better with user friendly interface.
member
Activity: 260
Merit: 15
November 27, 2017, 02:12:18 PM
I am registered and trading in multiple exchanges. But not for scalping price difference from one exchange to another exchange. This is not going to be profitable when amount of trade is small, for bigger amount its an exception.
hero member
Activity: 728
Merit: 502
November 27, 2017, 12:44:53 PM
I used multiple exchange but not for arbiratge, because arbiratge promising small profit and need long time confirmation when sending it. I used multiple exchange because  some times there are good and potenial coin not listing in my currenct exchange, so I will move to other exchange. 
Well it is not the right time for the arbitrary increasing value of the bitcoin, I hope the bitcoin is going to increase the money with the bitcoin and it will buy you the high value and the price, the more bitcoin will buy you the things you want to buy so take the step in the bitcoin and the value of the bitcoin will help the users in the future so for me there is no change required in the bitcoin now.
sr. member
Activity: 602
Merit: 259
November 27, 2017, 12:10:34 PM

Yes I do and many more people here do as well and I have seen that on the troll box itself. There is pattern where I have seen people communicating with each other in that chat box and telling each other which currency is cheap where and they buy form there and sell little more higher on the another exchanger. A good way but very difficult to grab the profits. However I have done it few times for the miscellaneous coins and I had little success in exchanging them with few profits.


However now I know that we can buy cheaper coins depending upon how much volume is being traded at specific exchanger. More the volume the greater are the prices as it is indicator of higher demand over there. Anyway so thats just general discussion about it and yeah we must take the advantages of different prices at different exchanger.
member
Activity: 118
Merit: 100
November 27, 2017, 10:53:45 AM
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
This is arbitrage way of trading which you would plan to transfer your coins into other exchange since you did see that the price is way more higher on the current one which you can able to make profits if you did able to sell it into other exchange.This is profitable but would need fast confirmation times and you would need to be fast and active since price do change anytime and thinking off that fees would affect your profits if you do move soon enough.

Very well said, but that is time consuming but yeah, that is sure profit. In order to do that, you have to monitor always the prices of the Altcoins that you are holding and where you could Trade them that you could have profits in return, since different Trading platform have different prices for a certain token, there is a lot of research that is going to require for you to know existing and legit exchanges where you could Trade, also, you have to consider the fact that different exchanges also applies different amount of transaction fees.

So, you have to calculate if you are really going to make some profits if you are going to transfer your Altcoins in another Exchange platform, do the Math and you could Trade, so you could know the profits.

Some altcoins and tokens are not listed in every exchange so you need to use several of the exchanges to trade your tokens.

For bitcoins especially, some exhange platforms are better in terms of price and market depth. So people prefer more deep markets for bitcoin trades.
full member
Activity: 224
Merit: 100
November 27, 2017, 10:51:58 AM
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?

I don't really trade on the multiple exchanges because it gives me nausea while I trade if I see cheap rates on different exchangers. It confuses me so on personal level I don't do that.

I will always be curious to see different prices and always excited to know whether I bought from the right exchanger or not with right prices. However I will mostly stick to one exchanger and most of the time HitBTC because it is easier to handle and tuned with me in good way.
hero member
Activity: 1400
Merit: 571
November 27, 2017, 10:39:27 AM
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
This is arbitrage way of trading which you would plan to transfer your coins into other exchange since you did see that the price is way more higher on the current one which you can able to make profits if you did able to sell it into other exchange.This is profitable but would need fast confirmation times and you would need to be fast and active since price do change anytime and thinking off that fees would affect your profits if you do move soon enough.

Very well said, but that is time consuming but yeah, that is sure profit. In order to do that, you have to monitor always the prices of the Altcoins that you are holding and where you could Trade them that you could have profits in return, since different Trading platform have different prices for a certain token, there is a lot of research that is going to require for you to know existing and legit exchanges where you could Trade, also, you have to consider the fact that different exchanges also applies different amount of transaction fees.

So, you have to calculate if you are really going to make some profits if you are going to transfer your Altcoins in another Exchange platform, do the Math and you could Trade, so you could know the profits.
hero member
Activity: 1484
Merit: 516
November 27, 2017, 09:52:15 AM
It's too cumbersome for me to trade from exchange to exchange because of the time it takes and the fees. It's also a lot of extra work to follow multiple exchanges. If people can make money that way, they deserve it because it's a lot of work.
From the exchange to exchange is now difficult to do too many traders who know this,the market also has been updated tailored to other markets.I think is right too many time consuming and the cost is often out of stock for the fee.
full member
Activity: 210
Merit: 102
November 27, 2017, 09:39:40 AM
It's too cumbersome for me to trade from exchange to exchange because of the time it takes and the fees. It's also a lot of extra work to follow multiple exchanges. If people can make money that way, they deserve it because it's a lot of work.
sr. member
Activity: 728
Merit: 266
November 27, 2017, 08:41:40 AM
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
This is arbitrage way of trading which you would plan to transfer your coins into other exchange since you did see that the price is way more higher on the current one which you can able to make profits if you did able to sell it into other exchange.This is profitable but would need fast confirmation times and you would need to be fast and active since price do change anytime and thinking off that fees would affect your profits if you do move soon enough.



                            Its obvious its arbitrage. Yes I often time do arbitrage, but it is also hassle for me, since it is not that easily confirmed and you need to watch out the market since as you have said it already that the market price may go down, lucky if it goes up, but most of the times it will be a little bit higher and not that much, plus there's this thing as confirmation delays that might as well lets you wait for minutes depending.
newbie
Activity: 74
Merit: 0
November 27, 2017, 08:20:13 AM
Yes, because there are some altcoins that are not listed in an exchanges. Also, to split the btc I have so asn't to accumulate in one place.
hero member
Activity: 2730
Merit: 632
November 27, 2017, 08:09:58 AM
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
This is arbitrage way of trading which you would plan to transfer your coins into other exchange since you did see that the price is way more higher on the current one which you can able to make profits if you did able to sell it into other exchange.This is profitable but would need fast confirmation times and you would need to be fast and active since price do change anytime and thinking off that fees would affect your profits if you do move soon enough.
full member
Activity: 121
Merit: 100
November 27, 2017, 08:02:55 AM
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?

Yes,  I will already trade at multiple exchangers whice name Yobit,bittrex,etherdelta Grin

it will be very safe for me and I think this exchangers site is the best for trading.So you can use this site.

But I have prefer, Bittrec, You can do trading with bittrex.it is very safe and secure.
member
Activity: 238
Merit: 10
November 27, 2017, 07:54:54 AM
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?


No, I don't trade to multiple exchanges as of now. I don't exchange my bitcoin yet so I think I don't need multiple exchanges this time. Maybe next time I will but not at this moment. I need to make my bitcoin bigger first before I will have to trade to multiple exchanges. But to those who already started it, keep it up if you think it is a good way.
member
Activity: 406
Merit: 36
November 27, 2017, 07:34:14 AM
i do , yes , not only for bitcoin but for another coin , but remember calculate the time , and the situation about that coin / btc
sometime after the coin came to another exchange the oldest price is better xD
Arbitrage sometimes can really be crazy though. Most times, you may not even get your coin sent fast from one of the exchanges to the other and except the differences are huge, then you may even end up losing than trying to make profit. However, it is always good to have presence on some exchanges most especially when you are trying to target some specific coins which may not be listed on one.
member
Activity: 686
Merit: 30
November 27, 2017, 05:46:21 AM
i do , yes , not only for bitcoin but for another coin , but remember calculate the time , and the situation about that coin / btc
sometime after the coin came to another exchange the oldest price is better xD
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