Last time I swore not to get into any coin which is only listed on a single exchange but I did it again, I invested in IOTA and now it's down half the price which I bought, this should also be an indicator, never invest on coins only listed on a single site. because that's when they have the total control and could just by some clicks manipulate the prices.
You might have brought IOTA(IOU) tokens.some exchange do trading when a respective ico is going on.in order to get fees they start iou tokens buy and sell which lead to spikes in price ,but when the token are official released the price goes down.
Topic: Do you trade at multiple exchanges? - page 14. (Read 19333 times)
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
Yes!in my own we need to trade sometimes in multiple exchanges because there are times that your coin is not listed in the other platform site's if you want to trade or there are times mostly having potential coins is listed in other exchanges ,so having to get this potential coins you must transfer and used other trading sites exchange.
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.
Yes, its good to trade at multiple exchange, so what ever happened to one of your exchange site, you will still have your coins from another site.
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
Usually i don't use this kind of trading strategy, but it happened a few times when there was the opportunity and it was worth the headache.
I believe the rich are certainly thinking about investing in bitcoin. Plus they can do several things for it. The main problem is whether with them participate in trading won't reduce the cost of bitcoin Or bitcoin becomes unpredictable of course
Yeah I use multiple exchange because I don't want to put all my coins in 1 place so I try to buy in different exchange to avoid losing everything, it eats your time when you check it but for me this is more safer than putting everything in one basket.
That's great because there is a big risk when you only trust one trading sites, there has been news of hacking incident in the past and there is a chance that it will also happen in the present, so we need to be careful all the time and learn to diversify our funds. There are only few exchanges with great volume but let us not be lured by that and forget to minimize the risk.
Trying to do arbitrage trading with cryptocurrency results in lack of sleep and a headache from trying to keep up with the spread.
That said, not all exchanges handle the pairs or even the alts that I want to trade in, so I just have to make the most of a crappy situation when that happens. For instance, I do some research on the side for GRC, GRC is BTC paired on Polo, but I want to buy an alt on Cryptopia that isn't sold at all on Polo. So it's convert to a common crypto, take a loss, hopefully not too bad, and shift the funds to the exchange where I am really concentrating.
That said, not all exchanges handle the pairs or even the alts that I want to trade in, so I just have to make the most of a crappy situation when that happens. For instance, I do some research on the side for GRC, GRC is BTC paired on Polo, but I want to buy an alt on Cryptopia that isn't sold at all on Polo. So it's convert to a common crypto, take a loss, hopefully not too bad, and shift the funds to the exchange where I am really concentrating.
You mean arbitrage? I dont do it because that trading strategy promising small profit and need long time to get it because confirmation of Bitcoin sometimes too long. I used multiple exchange/other exchange to trade altcoin that not available in Bittrex. Bittrex is my favourite exchange, so when altcoin that I want to buy available there I will buy in that exchange, but if not available here I will trade in other exchange like EtherDelta,Liqui and HitBTC.
It's called arbitrage trading. Here's why all the prices aren't the same:
-There's a "spread" on most exchanges, which is the difference between the buy and sell prices.
-Some exchanges have high fees (e.g. Coinbase)
-Some exchanges are dysfunctional (Bitfinex, BTC-E, Chinese exchanges), and some exchanges are also extremely shady/annoying when you move large amounts (BTC-E, Poloniex and more).
Overall doing arbitrage with several exchanges can get very hard. There are some minor opportunities with the extreme price fluctuations that go on, but they're gone very fast. I don't recommend you get involved unless you know what you're doing or you can trade with foreign exchanges (like South Korea).
definitely right mate thats why arbitrage trading is more risky than daytime trading or p2p trading.i never do it eversince because its only a pain in my ass why need to do such when i can make profit hassle free buy my own strategy and skill trading. -There's a "spread" on most exchanges, which is the difference between the buy and sell prices.
-Some exchanges have high fees (e.g. Coinbase)
-Some exchanges are dysfunctional (Bitfinex, BTC-E, Chinese exchanges), and some exchanges are also extremely shady/annoying when you move large amounts (BTC-E, Poloniex and more).
Overall doing arbitrage with several exchanges can get very hard. There are some minor opportunities with the extreme price fluctuations that go on, but they're gone very fast. I don't recommend you get involved unless you know what you're doing or you can trade with foreign exchanges (like South Korea).
Before I swore not to get into any gold coin which is only listed on a single trade but I did it again, I invested in IOTA and today it's down fifty percent the price which I bought, this should also be an indication, by no means invest on coins only listed on a single website. because that's when they have the entire manage and could simply by some clicks adjust the costs.
Yeah I use multiple exchange because I don't want to put all my coins in 1 place so I try to buy in different exchange to avoid losing everything, it eats your time when you check it but for me this is more safer than putting everything in one basket.
I have several accounts on almost every platform, we never know, even if I only use two or three
always have ur own computation I think when ur doing trading. and get in the exchange coz CMC or other list are not up to date sometimes
Yes I trade in multiple exchange, its depending on you which of them you gonna use. im use mostly Bittrex and etherDeltha
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
it is often called as arbit, exploiting the price difference from various markets, but from this activity can lead to very high risk, that is, when all the transactions that have not been unconfirmed and all of a sudden the price dropped.
i was using many exchanges for altcoin arbitrages but bots killing it its almost impossible to make arbitrage between exchanges.so right now uing only bittrex local Exchange and kraken.
That’s a nice decision indeed. Trading at multiple exchanges is not good when many exchanges are facing problems. Bittrex is undoubtedly one of the famous and safe exchanges and is great for trading bitcoins. I believe that using selective exchanges is quite safe than working on multiple exchanges.
I do trade on five or six different exchanges but not because of arbitrage (you need to move large amounts of money I do not have for it to worth it) but because of unexpected delisting of coins (had to move siacoin, bCn and Visio last weeks because they were being delisted form an exchange) and safety, you divide the risk associated with every exchange if you trading funds are split between several of them;
Yeah, sometimes i did. but it's not a good idea i think. because it's cost lots of fee. some exchange ask for huge fees. If you keep doing this you'll lost many coin for given them fee. may be sometimes you can benefit a little bit for doing this but it's too expansive for beginners. If you are new for trading then my opinion is stay away from doing this.
Sometimes you need to trade in multiple crypto exchange site to profit from arbitrage. But in terms of long term trading. I do trade at Poloniex and Bittrex. These two are great for big amounts as they have lots of users who can buy or sell your orders.
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
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