Trading at multiple exchange is good because you lower the risk of all your investment. Spreading your funds across multiple exchange is give you much lower risk of losing if one of the trading site experience a bad situation. Some trade on different site because they want to take advantage of the trading price.
Yes, trading at multiple exchanges gives a better understanding about the market for the respective currency. Each exchange was quoted with different price margins. So trading through different exchanges will help predict the right price for the bitcoin. 
Topic: Do you trade at multiple exchanges? - page 17. (Read 19333 times)
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).
I do those kind of stuffs before when the market is yet or a bit stable, but for now using these kind of method is a little risky considering the market that it is not yet stable due to some news and the current happenings. Some people also like to apply these kind of method "arbitrage" because they find it way too easy for them and profitable. -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).
Trading at multiple exchange is good because you lower the risk of all your investment. Spreading your funds across multiple exchange is give you much lower risk of losing if one of the trading site experience a bad situation. Some trade on different site because they want to take advantage of the trading price.
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.
I have tried arbitrage back in the past but in the end I had to stop as I found it a bit to nerve wracking and it often didn’t work out as I had planned
Yes, it's a good chance to make a profit. It's part of trading and that is why the word arbitrage existed. But to tell you it's hard. I once seen a coin that is only pumping one exchange but the other was not. So I bought it and then transfer but it took a day before it shows in my address so meaning the pump was over and I was late to trade it.
Yes, I do. I trade at different exchanges because not all the coins are listed in one exchange only because some of the coins that you like are located in different exchange and there is no choice for a trade but to create an account there and trade to that site also to grab the chance to earn money.
The answer is i do, traded at multiple exchangers can be easy to apply the strategy arbitrase in trading altcoins, if there are different price of altcoins or bitcoins between the exchangers, that is easy method to getting fast profit without analisys technical to makes prediction of price, unfortunately the gap of price seldom happen every time.
Yes this is a very good strategy of getting more profit. Trading in multiple changes will leave you with very less chances to face loss as when you trade in multiple if one’s value fall others fill the loss. It can never happen that all exchanges fall in loss. Let say that you are trading in 5 exchanges and value of 3 falls the profit from other 2 will fill it and make it stable.It is to avoid exit scam , as noone knows certain online exchange could exit to scam its user anytime.
Storing money on a third party never be a good idea , so just make sure to becareful.
I only trade on one exchange. Because for me it too much trouble to move the balance from one exchange to another. Although conditions at the time allowed me to make profit. Because, every transaction requires a time of confirmation and sometimes quite long.
The strategy is very good to compare prices at different exchangers, but it only works, if the trade volumen is high enough for the traded coins.
The answer is i do, traded at multiple exchangers can be easy to apply the strategy arbitrase in trading altcoins, if there are different price of altcoins or bitcoins between the exchangers, that is easy method to getting fast profit without analisys technical to makes prediction of price, unfortunately the gap of price seldom happen every time.
Yes this is a very good strategy of getting more profit. Trading in multiple changes will leave you with very less chances to face loss as when you trade in multiple if one’s value fall others fill the loss. It can never happen that all exchanges fall in loss. Let say that you are trading in 5 exchanges and value of 3 falls the profit from other 2 will fill it and make it stable.
The answer is i do, traded at multiple exchangers can be easy to apply the strategy arbitrase in trading altcoins, if there are different price of altcoins or bitcoins between the exchangers, that is easy method to getting fast profit without analisys technical to makes prediction of price, unfortunately the gap of price seldom happen every time.
I will somewhat agree with you. It’s quite nice to do trading at multiple exchanges. Variety is always good. It provides with more opportunities of getting grand profit. As you have talked about the price gap, I would like to add that if you use this gap smartly; certainly you can make a huge profit. So it’s sagacious to keep a keen eye on the price differences. If that's the reality to trade with multiple exchanges then why not take the opportunity now and as I had observe with my past experience trading only with specific exchanger whom I am always involved with, it's kind of no comparison at all I am always dependent of their current market and has no option to divert some funds to other exchangers. Having that kind of idea on trading can be so profitable and if the coin holding I had will frow it's price eventually, I think I will harvest a sustainable digital wealth in the future.
The answer is i do, traded at multiple exchangers can be easy to apply the strategy arbitrase in trading altcoins, if there are different price of altcoins or bitcoins between the exchangers, that is easy method to getting fast profit without analisys technical to makes prediction of price, unfortunately the gap of price seldom happen every time.
I will somewhat agree with you. It’s quite nice to do trading at multiple exchanges. Variety is always good. It provides with more opportunities of getting grand profit. As you have talked about the price gap, I would like to add that if you use this gap smartly; certainly you can make a huge profit. So it’s sagacious to keep a keen eye on the price differences.
Yes I used to love to arbitrage between the exchanges, especially the ones that deals with different national currencies as their primary targets.
I used to arbitrage between the high volume trading exchanges and the low volume ones. Usualy the low volume was a lot slower than the high ones, so you could sell before anyone else does if the price is going down, and vice versa if the price was going up.
I do not do that anymore because that kind of a volture behaviour had made feel bad about myself.
I used to arbitrage between the high volume trading exchanges and the low volume ones. Usualy the low volume was a lot slower than the high ones, so you could sell before anyone else does if the price is going down, and vice versa if the price was going up.
I do not do that anymore because that kind of a volture behaviour had made feel bad about myself.
The answer is i do, traded at multiple exchangers can be easy to apply the strategy arbitrase in trading altcoins, if there are different price of altcoins or bitcoins between the exchangers, that is easy method to getting fast profit without analisys technical to makes prediction of price, unfortunately the gap of price seldom happen every time.
Yes. I trade at multiple exchange but do not arbitrage.
There's a team that ICO'd last month that aims to capitalize on this. All profits from the arbitrage that will be performed by their bot will be returned 100% to all token holders. Since the dev team is also token holders, they'll profit as well if they make a good bot.
https://www.rialto.ai/
https://coinmarketcap.com/assets/rialto/
Lucky I got some ICO tokens as the token price is appreciating even with the recent downturn, I will buy more if I have more money.
There's a team that ICO'd last month that aims to capitalize on this. All profits from the arbitrage that will be performed by their bot will be returned 100% to all token holders. Since the dev team is also token holders, they'll profit as well if they make a good bot.
https://www.rialto.ai/
https://coinmarketcap.com/assets/rialto/
Lucky I got some ICO tokens as the token price is appreciating even with the recent downturn, I will buy more if I have more money.
I tried to trade for two exchanges only and there's no way for me to become confident trading with a lot of them.
As of today, I just want to focus only with one exchange because I just find it odd to trade and I'm comfortable only with one exchange.
But others are taking advantage for trading with many exchange.
As of today, I just want to focus only with one exchange because I just find it odd to trade and I'm comfortable only with one exchange.
But others are taking advantage for trading with many exchange.
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 not better to use one exchange platform only if you are traders in bitcoin world.I just remembered what I read here in the forum saying that don't put your eggs in one basket just like in exchange sites platform.
I trade on only 1 exchanges. Other exchanges i use as a comparison only. Due to the length of confirmation process makes it difficult to move balance from one exchanges to another exchanges.
It doesn't really take that long and you can have a portion of your wealth on different exchanges. The most typical example and reason for this is if you want to invest in a coin that isn't on your primary exchange. That's why I use bitfinex, poloniex, bittrex, kraken and liqui all at the same time.
I guess it's a good thing to have btc balances on several exchanges and trade with it on those platforms though transferring balances from one exchange to another would be quite challenging. There are exchanges that take a long time and the fees are more expensive right now compared to last year. I trade in yobit, polo and sometimes in bittrex but i don't transfer balances anymore. They stay where they are and i just trade in their respective platforms.
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
Sometimes I use another exchange to sell my coins as the exchange I used doesn't accept that coins. But I don't usually use multiple exchanges to trade. Jump to: