Sometimes I do that I buy bitcoin in one exchanges site and sell it to the other exchanges site to make little profit but sometimes only it happen . Because as of now the price of bitcoin in all exchanges site is near so you cant short term or use your startegy. I hope someday again the price of bitcoin will difference so I can make little profit with shortime.
But you can buy bitcoin now for longterm because i believe the price will become double.
Topic: Do you trade at multiple exchanges? - page 21. (Read 19300 times)
I just trade on:
-Bittrex for altcoins
-Coinbase for Bitcoin.
IMO you just need one altcoin exchange and one Bitcoin exchange. You pick whichever one appear the most trustworthy, and never hold too much on them.
-Bittrex for altcoins
-Coinbase for Bitcoin.
IMO you just need one altcoin exchange and one Bitcoin exchange. You pick whichever one appear the most trustworthy, and never hold too much on them.
Well if that works for you then good. A lot of people also don't like transferring their coins from one exchange to another. Though i also wouldn't mind doing trades on different exchanges as the prices may vary at a certain time and i can buy cheaper and sell at a higher price from one exchange to another. Though it's not as often as before since the transaction fees have hiked up along btc price
I trade in multiple exchanges if there are many or little price differences in the associated exchanges but about that is very rare, and if there is no price difference in the exchanges, usually I trade only in one or two exchanges.
I just trade on:
-Bittrex for altcoins
-Coinbase for Bitcoin.
IMO you just need one altcoin exchange and one Bitcoin exchange. You pick whichever one appear the most trustworthy, and never hold too much on them.
-Bittrex for altcoins
-Coinbase for Bitcoin.
IMO you just need one altcoin exchange and one Bitcoin exchange. You pick whichever one appear the most trustworthy, and never hold too much on them.
yes, we use multiple exchanges, mostly because there are coins that are only on this exchange or that exchange. that means keeping a balance of BTC on at least four exchanges so that a coin move can be hit at that moment and not having to wait on the BTC to get transferred into the exchange where it is needed.
Same thing for me.
A small advantage of keeping accounts on different exchanges is that if one has problems at least you don't "lose" everything ....
If you are doing investment work that reqires off the exchange network BTC fundage, then there is no reason not to spend that money off the exchange that has the best price, but that is about the extent of it. fees are percentage based and to really make an arbitage profit requires a couple thousand in BTC on more than one exchange that is there just for the purpose of hitting the big turns and do not forget that the time it takes to move the money can kill you.
yes, we use multiple exchanges, mostly because there are coins that are only on this exchange or that exchange. that means keeping a balance of BTC on at least four exchanges so that a coin move can be hit at that moment and not having to wait on the BTC to get transferred into the exchange where it is needed.
Same thing for me.
A small advantage of keeping accounts on different exchanges is that if one has problems at least you don't "lose" everything ....
Yes this is another perspective but why don't you activate 2FA system? Then nobody can make cyber attack to your exchange accounts and your asset will be in safe.
yes, we use multiple exchanges, mostly because there are coins that are only on this exchange or that exchange. that means keeping a balance of BTC on at least four exchanges so that a coin move can be hit at that moment and not having to wait on the BTC to get transferred into the exchange where it is needed.
Same thing for me.
A small advantage of keeping accounts on different exchanges is that if one has problems at least you don't "lose" everything ....
I trade at multiple exchanges because, all the tokens I'm interested in, are not available in one exchange. Let's say edgeless token is not available in poloniex. I use poloniex, bittrex and luqiu exchanges.
yes, we use multiple exchanges, mostly because there are coins that are only on this exchange or that exchange. that means keeping a balance of BTC on at least four exchanges so that a coin move can be hit at that moment and not having to wait on the BTC to get transferred into the exchange where it is needed.
I trade at multiple exchanges because, all the tokens I'm interested in, are not available in one exchange. Let's say edgeless token is not available in poloniex. I use poloniex, bittrex and luqiu exchanges.
Trading on many exchange sites is quite flexible. This is because when a coin is listed, it becomes available on some exchange sites before getting to others and also, some exchangers have a lower network fees and a wider range of users for fast trading.
I do it sometimes to grab that margin. But I'm not much succesful in doing it in the right way. So what I try to do is, keep an eye over few coins which will be pumped in next few hours. Then checkout the buy sell window between two to four different exchanger. Whenever the price rises pretty high then I transfer it to the exchanger which is most profitable. It helps really.
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
There are actually many exchangers we can actually try but in total most of the exchangers in the market is quite the same and if there is difference it just a thin part of it. For me the best thing to do is to focus on the trading itself and not on the exchangers because you couldn't earn on making or deciding using many exchangers its better to focus on one point and make the most out of it by making good decision in every transactions.
No. This is a hard task to do.
Multiple exchanges have different prices with bitcoin so when you do trades with them it could get nasty taking a big lost at the end.
It will be much better to just stick to one who got a lower buy price and a higher sell rating.
When you found an exchange like this better stay with it.
I have tried to calculate the lost when I exchange to one wallet to another and it is larger than what I expected to earn.
Remember there are huge fees now.
Multiple exchanges have different prices with bitcoin so when you do trades with them it could get nasty taking a big lost at the end.
It will be much better to just stick to one who got a lower buy price and a higher sell rating.
When you found an exchange like this better stay with it.
I have tried to calculate the lost when I exchange to one wallet to another and it is larger than what I expected to earn.
Remember there are huge fees now.
So far I only trade at one exchange that is Poloniex. But I am thinking of putting some funds in bittrex also as Polo has very limited number of coins and at bittrex many smaller coins are present, which have potential to give bigger returns on investments. So maybe, when I have enough balance, I will put some into bittrex too.
Are you trading only one coin at a time ? If it is the case then you may have account in one or two exchanges and based on your capital amount you may move into new exchange. When you will be finding poloniex is having very selective trading pairs, I am sure you might be needing accounts in some more exchanges.The prime reason for me to have accounts in more than 8 exchanges is, lack of availability of one particular altcoin in one exchange.
Right. Some people just trade in poloniex due to highest volume. But I think of the best things that may happen outside poloniex are the new hot coins that have the tendency to rise in value not just 100% but sometimes at unbelievable levels.
A lot of benefit you could get , especially when you trade with huge amount which every exchange has different limit.
Also to trade in multiple exchange could create another opportunity to make money with its price range.
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
Yes i do that every time on bittrex price of bitcoin are lower than poloniex i buy bitcoin then i transfer it to poloniex. And not only bitcoin i always do that in altcoins i used arbitrage to know how much the price on another trading site. 
So far I only trade at one exchange that is Poloniex. But I am thinking of putting some funds in bittrex also as Polo has very limited number of coins and at bittrex many smaller coins are present, which have potential to give bigger returns on investments. So maybe, when I have enough balance, I will put some into bittrex too.
Are you trading only one coin at a time ? If it is the case then you may have account in one or two exchanges and based on your capital amount you may move into new exchange. When you will be finding poloniex is having very selective trading pairs, I am sure you might be needing accounts in some more exchanges.The prime reason for me to have accounts in more than 8 exchanges is, lack of availability of one particular altcoin in one exchange.
Right. Some people just trade in poloniex due to highest volume. But I think of the best things that may happen outside poloniex are the new hot coins that have the tendency to rise in value not just 100% but sometimes at unbelievable levels.
So far I only trade at one exchange that is Poloniex. But I am thinking of putting some funds in bittrex also as Polo has very limited number of coins and at bittrex many smaller coins are present, which have potential to give bigger returns on investments. So maybe, when I have enough balance, I will put some into bittrex too.
Are you trading only one coin at a time ? If it is the case then you may have account in one or two exchanges and based on your capital amount you may move into new exchange. When you will be finding poloniex is having very selective trading pairs, I am sure you might be needing accounts in some more exchanges.The prime reason for me to have accounts in more than 8 exchanges is, lack of availability of one particular altcoin in one exchange.
Right. Some people just trade in poloniex due to highest volume. But I think of the best things that may happen outside poloniex are the new hot coins that have the tendency to rise in value not just 100% but sometimes at unbelievable levels.
So far I only trade at one exchange that is Poloniex. But I am thinking of putting some funds in bittrex also as Polo has very limited number of coins and at bittrex many smaller coins are present, which have potential to give bigger returns on investments. So maybe, when I have enough balance, I will put some into bittrex too.
Are you trading only one coin at a time ? If it is the case then you may have account in one or two exchanges and based on your capital amount you may move into new exchange. When you will be finding poloniex is having very selective trading pairs, I am sure you might be needing accounts in some more exchanges.The prime reason for me to have accounts in more than 8 exchanges is, lack of availability of one particular altcoin in one exchange.
So far I only trade at one exchange that is Poloniex. But I am thinking of putting some funds in bittrex also as Polo has very limited number of coins and at bittrex many smaller coins are present, which have potential to give bigger returns on investments. So maybe, when I have enough balance, I will put some into bittrex too.
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
No, that's too difficult because the long of the transaction sometimes takes a long time so I think it's useless and the risk may be big, you must have great capital and a mature calculation to profit in arbitrage trading Jump to: