Topic: Do you trade at multiple exchanges? - page 15. (Read 19333 times)
I am trading on 2 exchange: poloniex and bittrex. When in poloniex there is a better profit margin than bittrex, then i move it. But it isn't always effective, because length of confirmation is influential. So, not at any condition i can do that.
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
So far, I am using Bittrex, and yobit but most often was bittrex, and when times come that I'am going to have a lot of profit in bitcoin i'll take the chance to add more exchange to trade my coins.
These are the two exchange sites that I can recommend, and also I used liqui and c-cex sometimes, it's good to have a lot of exchanges but one thing to remember is never leave your coins in exchanges because they are vulnerable to hacking.
I think that PBT is a pretty successful cryptocurrency at ICO, but it all depends on how the TEAM is working. If indeed they work well I am sure Cryptocurrency will certainly not give a satisfactory result. And also to be able to get many benefits we must continue to analyze all the things that exist, so that the results and plans are made very precisely.An effort must be done maximally and never give up, because only then we understand why to do it. If not then everything will go like anything else
I never do like that OP. There should be a reason why another exhange site has higher/lower rate than another exchange. Just use 1 trustworthy exchange site and you will be safer
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
So far, I am using Bittrex, and yobit but most often was bittrex, and when times come that I'am going to have a lot of profit in bitcoin i'll take the chance to add more exchange to trade my coins.
These are the two exchange sites that I can recommend, and also I used liqui and c-cex sometimes, it's good to have a lot of exchanges but one thing to remember is never leave your coins in exchanges because they are vulnerable to hacking.
I think that PBT is a pretty successful cryptocurrency at ICO, but it all depends on how the TEAM is working. If indeed they work well I am sure Cryptocurrency will certainly not give a satisfactory result. And also to be able to get many benefits we must continue to analyze all the things that exist, so that the results and plans are made very precisely.An effort must be done maximally and never give up, because only then we understand why to do it. If not then everything will go like anything else
I don't, I am afraid by the time I withdraw my coin, the rate might be unfavourable.
That happens even if you're trading on a single exchange only. If you're not transferring coins from one exchange to another and simply trading separately on several exchanges, then there shouldn't be any complications when it comes to fees.
Well, it is on every exchanger sometimes there is a difference in price. But it's all actually isn't something profit, because the difference is only different very thin and short. So when you are tempted to do it, I'm sure it's just a throw away a lot of time for you. So, it is better to focus on one point and then lined up on the right. Because if we use the trading with either already ascertained on the right will benefit
If you are going to used a different exchanger on your trading you must consider what is difference of each exchanger because if there is difference on volume stock and price of the coin you actually trading with it is not a good thing to do. It much better to focus on just one or two exchanger for you to manage it easily and you can know the part of your decision making and management in every transaction you will make in every trading coin you have.
I don't, I am afraid by the time I withdraw my coin, the rate might be unfavourable.
I used to trade on only one exchange but when I realised the availability of other coins that I can make good profit from and they are not available on my traditional exchange. I had to move to other exchange.
But withdrawing and transfering to another exchange to buy same coin is not a viable option. The price difference is usually not much after knowing that you have to pay transaction fees.
But withdrawing and transfering to another exchange to buy same coin is not a viable option. The price difference is usually not much after knowing that you have to pay transaction fees.
Well, it is on every exchanger sometimes there is a difference in price. But it's all actually isn't something profit, because the difference is only different very thin and short. So when you are tempted to do it, I'm sure it's just a throw away a lot of time for you. So, it is better to focus on one point and then lined up on the right. Because if we use the trading with either already ascertained on the right will benefit
If you are going to used a different exchanger on your trading you must consider what is difference of each exchanger because if there is difference on volume stock and price of the coin you actually trading with it is not a good thing to do. It much better to focus on just one or two exchanger for you to manage it easily and you can know the part of your decision making and management in every transaction you will make in every trading coin you have. 
i dont trade other than poloniex, i think poloniex is a good exchanger. and its troublesome if i go to other exchanger
also there is no 100% chance the deposit and withdraw didnt take a long time
also there is no 100% chance the deposit and withdraw didnt take a long time
I guess Polo is getting a lot of love here on this. They better not fumble on this thumb's up they are getting now because it was pretty bad at some point in the past whe I started with them early this year. I also traded solely on Poloniex but have added another exchange.
And to what OP is asking...I don't think it would work out considering the delay in btc transactions and the volatility of price action. Before one gets through buying from one exchange and attempting to sell off at another exchange the price would have changed.
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
Yes of course sometimes I do things like this, but if doing something like that has a high risk of losing coin risk and risk of buying at a price too expensive because the delivery process so long.
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 and i don't think there is reason to do that. Withdrawing our coins and then depositing them again will take at least 2 hours, and you will have to pay fees so you won't get any profit, also price would probably change in these 2 hours.
If you keep funds and btc in 2 exchanges and if you get the arbitrage opportunity then you would be indulging in such trades. You do not have to transfer from 1 exchange to another in that case since you would be holding btc in both the exchanges. So there is a chance of making some quick short profits during the day.
More importantly you must have bitcoin prices needs to be value higher where you are holding bitcoin and bitcoin prices must be cheaper where you are holding fiats. Then only you can make use of arbitrage trading. Quitting it will be possible to foresee prices and hold funds accordingly ?
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 and i don't think there is reason to do that. Withdrawing our coins and then depositing them again will take at least 2 hours, and you will have to pay fees so you won't get any profit, also price would probably change in these 2 hours.
If you keep funds and btc in 2 exchanges and if you get the arbitrage opportunity then you would be indulging in such trades. You do not have to transfer from 1 exchange to another in that case since you would be holding btc in both the exchanges. So there is a chance of making some quick short profits during the day.
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 and i don't think there is reason to do that. Withdrawing our coins and then depositing them again will take at least 2 hours, and you will have to pay fees so you won't get any profit, also price would probably change in these 2 hours.
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 dont agree with you , if you properly use the multiple exchange for trading or arbitrage trading then it is very profitable, i am using arbitrage trading for some 1 or 2 coins and every week earning nearly 0.02 btc. So it is upto you how smartly you are using it. Even i am trading in multiple exchange with lot of altcoins due to all altcoins are trading according to their listing to their exchanges.
I kind of agree with both of you though. It depends because there are people who will be efficient in trading when focusing on one exchange, there will also be people who are comfortable switching from one exchange to another. I kind of consider myself to be the latter
I am using 2-3 sites. But the only reason is that some altcoins are not listed in a lot of websites. A little boring, as I don't really like having a lot of accounts to do the same thing.
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
I didn't experience that because i only trade on one exchange like bittrex and i trade only altcoins so i didn't try exchange to different exchanger. But some of my friends are doing that from bittrex to poloniex they do arbitrage. Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
I didn't experience that because i only trade on one exchange like bittrex and i trade only altcoins so i didn't try exchange to different exchanger. But some of my friends are doing that from bittrex to poloniex they do arbitrage.
I don't tend to do arbitrage now. I remain faithful to one exchange, as I find it burdensome to constantly switch from one to the other. It is, however, highly individual. As it has been said many times: do what works best for you.
One exchange is good if that will satisfy all your needs, however if you are putting your coins a little longer in a certain exchangeit's better to diversify it to other exchanges, we must still not be confident it will not be stolen as exchanges are vulnerable to hacking.
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 dont agree with you , if you properly use the multiple exchange for trading or arbitrage trading then it is very profitable, i am using arbitrage trading for some 1 or 2 coins and every week earning nearly 0.02 btc. So it is upto you how smartly you are using it. Even i am trading in multiple exchange with lot of altcoins due to all altcoins are trading according to their listing to their exchanges.
I kind of agree with both of you though. It depends because there are people who will be efficient in trading when focusing on one exchange, there will also be people who are comfortable switching from one exchange to another. I kind of consider myself to be the latter
I don't tend to do arbitrage now. I remain faithful to one exchange, as I find it burdensome to constantly switch from one to the other. It is, however, highly individual. As it has been said many times: do what works best for you.
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