Topic: Do you trade at multiple exchanges? - page 2. (Read 19331 times)
Sometimes I do that . I compared to the price from other exchanges site and I sell it to other. I remembered before the price of the bitcoin is little differenct to other exchanges site so I convert to dollars price and I buy bitcoin to other who cheap price of the bitcoin. I get more than $20 I remembered but as of now I will not do taht because we know each exchanges site now are near the price so if you do this and you withdraw your bitcoin and convert it other exchanges site for sure you lose of your money why? It's because the withdrawal fee is more than the possible you get so better to keep snd exchanges your bitcoin to exchanges site where is in.
Of course, we trade at mulitple exchanges, because all coins is not be listed on the exchanges
If you are trader, you need to trading on multiple excanges.
Yes that is right that most of the people here may use multiple exchanges, Actually different coins are listed in different exchanges, so if you are interest in different coins to trade so you must have registration in that exchange where the coin is listed and only there you can trade the coin. Tome i am also using multiple exchanges which is use for trading different coins. If you are trader, you need to trading on multiple excanges.
if you are familiar with apps like coinigy or tabtrader, maybe you will understand more, other than that multiple exchange is also useful for arbitrage, it can not use a small nominal to bear a considerable fee, but this technique is used by many traders for more profit large where there is a difference in price difference between markets with each other.
I think that It is not a good idea to put all your trust in a single exchange. As these exchanges are not fair in their dealings, so I use multiple exchanges.
Do you trade at multiple exchanges?
if unison in one monitor i said no, but when it comes to trade my altcoin through bounty campaign that i joined i trade in multiple exchange, i mean i choose where is the exchange site for my token that a big volume price. Indeed if i give a chance to trade dailly i choose the top exchange site that have a big volume of price like Binance, Bittrex, HitBtc etc. In deferent monitor lets say five monitor.
Yes i do trade in multiple exchange because the gap between two exchange price it is very easy to do trading and earn profit but for that the one should always spend more time in recording the data of the exchanges
Not only that. You should also consider withdrawal fees on each and every exchange you would be using during your arbitrage trades. I used to be a huge fan of arbitrage trading. I remember someone made a bot to help with that. But the exchange fees made it unprofitable. Especially in cases where the cryptocurrency I'm trying to trade is bitcoin. The fees just eats up the profits that I would've made. 
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
I think that this is not profitable. Since the time of the tarnzaktsy passes long. However, if you have simultaneous accounts on 4-5 exchanges, you can then automatically trade and receive a profit) 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).
That's the way for such operations in the form of arbitration, there is a special platform, recently just started to work and now I think they will start well. name -ARBIDEX -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 do trade in multiple exchange because the gap between two exchange price it is very easy to do trading and earn profit but for that the one should always spend more time in recording the data of the exchanges
Of course, we trade at mulitple exchanges, because all coins is not be listed on the exchanges
If you are trader, you need to trading on multiple excanges.
but nevertheless we have to choose among a small number of trade exchanges. To date, there are quite a lot of Eco companies that are promoting their new exchangers or crypto-exchange exchanges. Maybe new resources will come to the market, which we can use. If you are trader, you need to trading on multiple excanges.
Of course, we trade at mulitple exchanges, because all coins is not be listed on the exchanges
If you are trader, you need to trading on multiple excanges.
If you are trader, you need to trading on multiple excanges.
If you don't only trade major pairs to USDT then you absolutely have to trade on few exchanges. I am registered on about 15 of them and actively trade on 4-5.
I have been trading at multiple exchanges, as different exchanges have got different coins. I have been trading different altcoins, not all coins are there in one exchange. The coins that are not there in one exchange, I trade in other exchanges. You should also not trust one exchange for all of your coins.
Yes, I am trading in many places. To eliminate the risks of hacking or other problems. I have been trading in a few places like ETHfinex, bittrex and binance ... I'm not a person with a lot of trading experience, but these transactions have brought me a sense of peace and safety.
I would only trade on multiple exchanges if I would have atleast 100 000+ $ worth of crypto, it's just not worth below it.
What are you talking about dude. Some coins aren't available on all exchanges so if you're doing day or swing trades, you'd eventually play in multiple exchanges. Why would you need that kind of amount to trade in multiple exchange? I don't have that much yet i have invested coins in several exchanges
I do it in some cases to get that edge. Yet, I'm very little fruitful in doing it in the correct way. So what I attempt to do is, keep an eye more than few coins which will be directed in next couple of hours. At that point checkout the purchase pitch window between two to four diverse exchanger. At whatever point the value ascends entirely high then I exchange it to the exchanger which is generally gainful. It helps truly.
I would only trade on multiple exchanges if I would have atleast 100 000+ $ worth of crypto, it's just not worth below it.
I trade regular and hidden divergences, I use bollinger bands, macd, and rsi. I look for areas of support with strong volume with a divergence for entry points, and oh who am i kidding im a degenerate gambler. Just pls research risk management and dont risk to lose more then 1% on any trade so you dont blow your acount like my idiot friend who 3x leveraged an alt just as the bear market started. I miss that poor bastard, now he's back to working construction.
I have account on multiple exchanges and its always due to when the need arises for such in the sense that it's due to necessity maybe someone wants to transfer some coin to me and I needed to submit an address from a particular exchange
The fact is that people participate in many Yeko companies, and in Bounty projects. Investments, too, prefer a different caliber, But all these coins are on different exchangers and exchanges. Therefore, you have to register and work with many species at the same time.
I have account on multiple exchanges and its always due to when the need arises for such in the sense that it's due to necessity maybe someone wants to transfer some coin to me and I needed to submit an address from a particular exchange
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