Do you trade at multiple exchanges? - page 19.

xIIImaL

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Quote from: ecnalubma on July 13, 2017, 10:09:05 AM

Yes everyone must practice it multiple investment in order to minimize risk. Putting all your coins on one platform is a suicide move when the website collapse so is your investment.

Even investing in many cryptos is advisable. Multiple investment also avoid domino effects and getting broke.

as a trader you can invest on bitcoin as well as altcoins but for a normal person investing on bitcoin only gives the decent profit with their investment. if you need to invest on altcoins you can prefer etherum, litecoin, dodge and dash. From the past few months waves coins also good option for investers.

Raja_MBZ

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I use Poloniex & Bittrex.

-Poloniex to trade BTC/USDT/ETH/ETC.
-Bittrex to trade ZCL only.

Haladay

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Quote from: Simss on July 14, 2017, 09:49:32 AM

Quote from: avacadoareg4u on May 28, 2017, 11:47:08 PM

You profit off of the price difference between the exchanges instead of profiting from the increase in price of bitcoin. its called arbitrage.

buy eth at price 0.08 on bittrex and sell eth at price 0.1 on poloniex that is example arbitrase are you understand ?

I don't know him, but yes this is the way I understand arbitrage. What is wrong with this? And the gap between never be like this much.

Simss

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Quote from: avacadoareg4u on May 28, 2017, 11:47:08 PM

You profit off of the price difference between the exchanges instead of profiting from the increase in price of bitcoin. its called arbitrage.

buy eth at price 0.08 on bittrex and sell eth at price 0.1 on poloniex that is example arbitrase are you understand ?

ecnalubma

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Yes everyone must practice it multiple investment in order to minimize risk. Putting all your coins on one platform is a suicide move when the website collapse so is your investment.

Even investing in many cryptos is advisable. Multiple investment also avoid domino effects and getting broke.

MiXxe

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Quote from: mirakal on July 11, 2017, 03:25:04 AM

Quote from: joromz1226 on July 11, 2017, 01:26:13 AM

Quote from: jeffytune on May 28, 2017, 04:53:15 PM

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.

I used yobit before but due to bad review by members here I stick to a more reputable like poloniex and bittrex if I like to see a lot of 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.

Many of the coins were not available in one exchange especially newly finish crowdsale coins go to its different exchange so i track them(the good coins to have an invest). Like PBT coin and now i am waiting for Tezos coin.

Fatanut

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Quote from: jeffytune on May 28, 2017, 04:53:15 PM

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?

I use multiple exchanges but not for this reason. Yes it is true that you can earn some money by buying at a low price at one exchange and then selling at a high price at another exchange. But with the transaction time, I don't know if it's really achievable. Maybe if you know programming and can set a script for VPS, then this might work out. I'm using multiple exchanges only because there are coins that are not in bittrex. There are coins that are in bittrex but not in liqui and vice versa. There's also etherdelta and tidex where new coins are available already but not on bittrex and liqui.

mirakal

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Quote from: joromz1226 on July 11, 2017, 01:26:13 AM

Quote from: jeffytune on May 28, 2017, 04:53:15 PM

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.

I used yobit before but due to bad review by members here I stick to a more reputable like poloniex and bittrex if I like to see a lot of 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.

joromz1226

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Quote from: jeffytune on May 28, 2017, 04:53:15 PM

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.

BitcoinGirl.Club

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Quote from: jeffytune on May 28, 2017, 04:53:15 PM

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?

Of course i use multiple exchanges to maximise on profit considering fees imposed on us also varies alot on these exchange platforms but i do not limit my self to bitcoin trading only as altcoin trading presents a decent profit opportunity.

Ragmer

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Quote from: jeffytune on May 28, 2017, 04:53:15 PM

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, I only use one exchanger to easy to control my balance, one exchanger is enough for me because I have trading skills, I can easily earn profits with my skills.

Potato Chips

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in the past yes but i'm not doing that anymore as I am extremely picky on the coins that i buy, luckily the same also applies to poloniex. so far i'm satisfied with the price and

the fees. what i don't like is they are extremely cautious on users that has a large amount of money there. its okay to use different trading platforms because technically its

possibly profitable that only thing that hinders you from that is the confirmation time and transaction fees at the same time. you know that bitcoin is very volatile right so its

possible that your ideal price in a certain platform may not be the same when your deposit there shows up. on the other hand if you want your deposit to quickly show up you

have to pay higher fee.

jaymmagne

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I traded in 3 different exchangers like Poloneix, livecoin and bittrex. I think this are the most famous platform exchanger for trading. The price are different but it is always close with other prices in different exchanger.

GreenCoin22

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It is necessary.

Any people who do trading should have at least 2 exchange verified-account, so you will not missed when the opportunity comes.

Ewinsane

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Quote from: fitty on July 09, 2017, 07:05:25 PM

Sometimes i do that way,arbitrage specially on small and big exchange transfers,sometimes there are some coins that has different or small different prices from one exchange to another.

But what about the profit levels ? Will they worth the efforts you are putting for moving coins back and forth ?
I guess all the above you must need to put more efforts to figure out any such a gap. I do see some gaps but they are not worth for making a trade across exchanges. Gaps are there but it is not covering tx fees and moving fiats charges.

d0flaming0

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Quote from: Iranus on May 28, 2017, 05:04:02 PM

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).

yes i highly agree with you my friend, but i have never been able to try that kind of method in trading, i am also a bit scared to some risks for example, i am afraid about those tokens i bought when i transfer, it wont reach to the specific destination, coz i have heard one of my friends told me he had lost some tokens after he transfered it.

JohnC2389

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Quote from: jeffytune on May 28, 2017, 04:53:15 PM

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?

It's sometimes profitable but not all the time, when you see that, you have to buy from this exchanger (the first fee) then withdraw that amount (the second fee) and sell on the other exchangers (the third fee). And you will have to wait for a time to get confirmed, you might losse that profits.

Ctn

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Quote from: zidanw on May 29, 2017, 05:30:31 AM

Quote from: jeffytune on May 28, 2017, 04:53:15 PM

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?

I trade at multiple exchanges because many altcoin that does not exist in one exchanger but there are in other exchanger, also ico that launch is not easy to enter in exchanger that have high traffic and trust like poloniex.

To move funds to another exchanger it sometimes takes a long time maybe 1 day, I ever do that and the results are not worth it.

I do have many exchangers and it is good idea to have multiple channels. One can never have just single trading platform with all the coins available and with a good price too. Every exchanger differ in the price so you can think quickly where to put the money. :-)

hovrah

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Quote from: Vixmore on July 09, 2017, 10:34:40 PM

Well, I do trade on multiple exchanges as that ensures that you get the best value and price ranges across all the different sites. While the price variation for bitcoin alone is not much, the price range for a lot of altcoins can vary by a huge amount. This makes it very much worth it to switch to another site: buy on one sites, and then sell on the second. I have done this with several altcoins and made quite a bit profit by doing so. Also, in my opinion, what you want to do is have a bit of money in multiple exchanges and study certain trends that appear in each of them. Then you will get an idea about which site is better for certain coins.

Also, by splitting up your investment across multiple exchange services, you are eliminating or at least decreasing the chance of you actually loosing all your money at once.

I just thought that if you touch on several exchanges, then it will get scattered attention. If this does not affect the result of the comma, then in this case you are right. Actually, not all altcoin are present at 1 keep.

Vixmore

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Well, I do trade on multiple exchanges as that ensures that you get the best value and price ranges across all the different sites. While the price variation for bitcoin alone is not much, the price range for a lot of altcoins can vary by a huge amount. This makes it very much worth it to switch to another site: buy on one sites, and then sell on the second. I have done this with several altcoins and made quite a bit profit by doing so. Also, in my opinion, what you want to do is have a bit of money in multiple exchanges and study certain trends that appear in each of them. Then you will get an idea about which site is better for certain coins.

Also, by splitting up your investment across multiple exchange services, you are eliminating or at least decreasing the chance of you actually loosing all your money at once.

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