Do you trade at multiple exchanges? - page 20.

tigershark

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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 have traded on multiple exchanges in the past, but I have found that arbitrage trading is cumbersome and requires a lot of time. It's much simpler to find a good exchange and stick with it and concentrate on a few altcoins along with Bitcoin.

fitty

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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.

Rahar02

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Of course I do, use some exchanges to compare cryptocurrencies prices and there are some famous exchanges like poloniex and bittrex which doesn't list new coins so we need to use other exchanges such as livecoin, liqui or yobit to find it. But, if you are not an expert or not a daily traders, it is enough to use one or two exchanges as your experiment fields.

Esphere.in

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Quote from: ChronoLite on July 09, 2017, 11:58:51 AM

Yes, if coin not available on one market i will search alternative exchanges to trade my altcoin also if you are using arbitration strategy, trade at multiple exchanges is important to see the gap between each market.

Arbitrary trade was the best way to spend my time online a couple of months ago,but things have changed a lot from that situation,exchanges are slow in sending your coins now and even if you find a good price parity you really could not make full use of that,but yes i do trade in various exchanges.

pisston

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Quote from: Superways on July 09, 2017, 04:59:27 PM

Quote from: ChronoLite on July 09, 2017, 11:58:51 AM

Yes, if coin not available on one market i will search alternative exchanges to trade my altcoin also if you are using arbitration strategy, trade at multiple exchanges is important to see the gap between each market.

Trade at multiple exchanges often give more benefits at the times when the price of bitcoin at one exchange is higher than the other one so in this case we buy bitcoin at one exchange and sell them on the other where the price is high. So we earn a good profit in that.

The fact is that different people have different coins. I've already made sure that for example on Bitrix not all are altcoin. Therefore, in order for another market for crypto currency to have an account for another business. Indeed, this is very beneficial and relevant for today.

Superways

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Quote from: ChronoLite on July 09, 2017, 11:58:51 AM

Yes, if coin not available on one market i will search alternative exchanges to trade my altcoin also if you are using arbitration strategy, trade at multiple exchanges is important to see the gap between each market.

Trade at multiple exchanges often give more benefits at the times when the price of bitcoin at one exchange is higher than the other one so in this case we buy bitcoin at one exchange and sell them on the other where the price is high. So we earn a good profit in that.

raven7886

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Quote from: ChronoLite on July 09, 2017, 11:58:51 AM

Yes, if coin not available on one market i will search alternative exchanges to trade my altcoin also if you are using arbitration strategy, trade at multiple exchanges is important to see the gap between each market.

Unfortunately all the reputed exchanges are not listing all new altcoins. That is the reason altcoins traders are getting enforced to have accounts in multiple exchanges.

I believe basically it is a good practice not for depending on only one exchange for our all the needs. I mean to say by having trades on multiple exchanges are literally diversifying our capital across many exchanges. So, the risk of losing all at once is getting eliminated here.

Using multiple accounts for arbitration strategy is not working for me so far, but I keep on trying to spot out any big gap. I believe I may find one in coming days to make some good profits Roll Eyes

ChronoLite

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Yes, if coin not available on one market i will search alternative exchanges to trade my altcoin also if you are using arbitration strategy, trade at multiple exchanges is important to see the gap between each market.

mrayazgul

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i have seen a BTC TX go to confirmed in less than a minute and I have also seen one takes 48 hours, i have also seen exchanges hold a TX for 24 hours or more because they felt like(security measures). in short, yes we used different exchanges....but not for the purpose you stated.

pisston

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Quote from: Teraboy on July 08, 2017, 08:09:02 AM

Quote from: @prashant on July 08, 2017, 07:58:59 AM

Quote from: digaran on July 08, 2017, 07:54:13 AM

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.

IOTA just traded on the bitfinex, We know the reputation of the bitfinex is really bad in my opinion. That makes a lot of people out from there and try to buy better exchange site. IOTA just another scam coin in my perspektive.

First of all To avoid fraudulent actions you need to immediately discard all your coins and withdraw your funds, so you will get fraudulently caught unawares

Teraboy

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Quote from: @prashant on July 08, 2017, 07:58:59 AM

Quote from: digaran on July 08, 2017, 07:54:13 AM

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.

IOTA just traded on the bitfinex, We know the reputation of the bitfinex is really bad in my opinion. That makes a lot of people out from there and try to buy better exchange site. IOTA just another scam coin in my perspektive.

@prashant

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Quote from: digaran on July 08, 2017, 07:54:13 AM

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.

digaran

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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.

Wintersoldier

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Quote from: Yutikas_11920 on May 28, 2017, 05:14:06 PM

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

The price and the value is the main difference of exchangers from to another. So it is a good thing to have a part or a exchanger that you consider your main exchanger in transaction. But is not a bad thing to have two or more exchanger because you can depend it on your chosen transaction that may need some feature that some can't do. But if you are going to have a one exchanger the better thing to do is focus and make your transactions balanced in the sense that make transaction more unity to limit fee's.

senyorito123

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Quote from: SportsbookBettor on July 08, 2017, 02:54:56 AM

Quote from: passionsurf on July 07, 2017, 03:49:51 PM

It's wise to spread around your trading at multiple exchanges because you never know when any given exchange might go down ... or steal all your coinage.

This is a good practice and also to avoid such incident like that. If all your investment is in one exchange and that exchange is hack, or the y steal your balance. You will lose but if you are trading in many exchanges. You are only risking a small percent in each exchanges.

A good practice indeed and we may have a chance to look for some certain coins around on multiple exchange since we can monitor and differentiate each price and earn with that if we have balance on multiple ones. But we should be carefull on exchange where we going to put our funds since some of exchange right now is quite miserable and doesn't have good reputation upon trusting our capital for tradings.

SportsbookBettor

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Quote from: passionsurf on July 07, 2017, 03:49:51 PM

It's wise to spread around your trading at multiple exchanges because you never know when any given exchange might go down ... or steal all your coinage.

This is a good practice and also to avoid such incident like that. If all your investment is in one exchange and that exchange is hack, or the y steal your balance. You will lose but if you are trading in many exchanges. You are only risking a small percent in each exchanges.

Yatsan

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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?

that is not possible because the transactions takes forever hahaha. But somehow I am trading in multiple exchange because some coins are only exclusive in some exchange but I basically go for the bittrex as my main exchange site and the others are for certain coin only.

Maslate

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Quote from: passionsurf on July 07, 2017, 03:49:51 PM

It's wise to spread around your trading at multiple exchanges because you never know when any given exchange might go down ... or steal all your coinage.

That's correct, also it will give you a chance to arbitrage sometimes, I did that sometimes when opportunity is seen.
I have been trading in poloniex but sometimes the site has a problem or very slow but I cannot bear with it since I am a day trader,
good thing bittrex has a good volume and lot of coins listed.

passionsurf

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It's wise to spread around your trading at multiple exchanges because you never know when any given exchange might go down ... or steal all your coinage.

Ctn

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I have thought of it but never done it. Read many replies that it is profitable to do that exchange. But I feel it too complex to do. The confirmations take time, in that period what if market turns upside down and I get loss, this is what I keep thinking and don’t do it really. But will give it a shot one day.

Topic: Do you trade at multiple exchanges? - page 20. (Read 19333 times)