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 then I open and from there I started using it but for arbitrage, I have not been able to go for it due to similarities inlrice quoted and the ones with high margin are really dependent on verification in which document they ask is what I cannot afford.
For this reason, we can see how complicated making an arbitrage is. Instead on focusing on arbitrage, I think it's better to focus at one exchanger at a time so you can easily understand how does coin used to flactuates/volatiles on that particular trading site. 
Topic: Do you trade at multiple exchanges? - page 23. (Read 19300 times)
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 then I open and from there I started using it but for arbitrage, I have not been able to go for it due to similarities inlrice quoted and the ones with high margin are really dependent on verification in which document they ask is what I cannot afford.
Past time, I just trade on Poloniex, but recently Poloniex have some issue about withdraw and lag when the price crashing. Now, I'm trading on 3 exchange site:
1. Poloniex for day trading: have big volume and buy/sell very fast
2. Bittrex: for ICO and hold altcoin
3. Cryptopia: for trash coin I mined =))
Poloniex is still very safe, if there is interference and it has been fixed. Which happens to you may be the cause is a poor internet connection.1. Poloniex for day trading: have big volume and buy/sell very fast
2. Bittrex: for ICO and hold altcoin
3. Cryptopia: for trash coin I mined =))
Bittrex and polo i think are the two most used platforms for most traders and its understandable that these exchanges have that much trust. I've heard about the issues with polo though i haven't yet experienced any of them personally. I also trade with yobit though a bit carefully with the not so common coins and everythings been smooth there as well so far.
These two don't have USD gateways which is not really that good for some traders who will send btc to usd at some point when BTC price starts to dip. I do use both but I prefer to use BTC-e and some exchanges like Kraken and Bitstamp.
Past time, I just trade on Poloniex, but recently Poloniex have some issue about withdraw and lag when the price crashing. Now, I'm trading on 3 exchange site:
1. Poloniex for day trading: have big volume and buy/sell very fast
2. Bittrex: for ICO and hold altcoin
3. Cryptopia: for trash coin I mined =))
Poloniex is still very safe, if there is interference and it has been fixed. Which happens to you may be the cause is a poor internet connection.1. Poloniex for day trading: have big volume and buy/sell very fast
2. Bittrex: for ICO and hold altcoin
3. Cryptopia: for trash coin I mined =))
Bittrex and polo i think are the two most used platforms for most traders and its understandable that these exchanges have that much trust. I've heard about the issues with polo though i haven't yet experienced any of them personally. I also trade with yobit though a bit carefully with the not so common coins and everythings been smooth there as well so far.
It is a wise saying that do not put all your eggs in a single basket. So I do not put all my bitcoin in Poloniex, I also trade on Bittrex, Liqui.io, cryptopia.co.nz. We cannot tell what happened tomorrow right? May be one of these crypto broker site might get hacked or turned to a scam. Atleast you still have bitcoin.
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
Past time, I just trade on Poloniex, but recently Poloniex have some issue about withdraw and lag when the price crashing. Now, I'm trading on 3 exchange site:
1. Poloniex for day trading: have big volume and buy/sell very fast
2. Bittrex: for ICO and hold altcoin
3. Cryptopia: for trash coin I mined =))
Poloniex is still very safe, if there is interference and it has been fixed. Which happens to you may be the cause is a poor internet connection.1. Poloniex for day trading: have big volume and buy/sell very fast
2. Bittrex: for ICO and hold altcoin
3. Cryptopia: for trash coin I mined =))
Past time, I just trade on Poloniex, but recently Poloniex have some issue about withdraw and lag when the price crashing. Now, I'm trading on 3 exchange site:
1. Poloniex for day trading: have big volume and buy/sell very fast
2. Bittrex: for ICO and hold altcoin
3. Cryptopia: for trash coin I mined =))
Poloniex is still very safe, if there is interference and it has been fixed. Which happens to you may be the cause is a poor internet connection. 1. Poloniex for day trading: have big volume and buy/sell very fast
2. Bittrex: for ICO and hold altcoin
3. Cryptopia: for trash coin I mined =))
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
That term called arbitrage trading but it is very rarely to happen and if you will do that maybe you will just lose because the time of confirmation is very long so you will just lose the time to arbitrage trade. So I think it is good to trade with just one trading site less hassle and less gamble in the arbitrage trading. Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
That term called arbitrage trading but it is very rarely to happen and if you will do that maybe you will just lose because the time of confirmation is very long so you will just lose the time to arbitrage trade. So I think it is good to trade with just one trading site less hassle and less gamble in the arbitrage trading. 
arbitrage trading is always depend on exchanges but here if you use coinbase and withdraw and use it in other exchanges you will be in loss without trading because of high fees
Some exchanges apply a high enough cost to withdraw, so we have difficulty in making any profit in any arbitration action. Those who want profit must have enormous capital, maybe above 5 bitcoins to be able to do arbitration that can get profitable.
Different exchanges site sometimes have different price also but its near the price to each other . But sometimes I buy to the other exvhanges site or trading site and withdraw it send to othe exvhange site because sometimes the sell is hifh compared to the exchanges where i bought coin and my strategy is very effective and i earn profit but not big .
I truly believe that do trade on multiple exchange site. Actually a good recommendation to trade on multiple exchanges which through you have good ideas among the exchange site at the same time, and there have tricky way to get benefit shortly.
arbitrage trading is always depend on exchanges but here if you use coinbase and withdraw and use it in other exchanges you will be in loss without trading because of high fees
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
The differences between exchanges does not seem like it is worth it at least for me at this point, but all the more power to those who are willing to put hours of hard work into taking advantage of the arbitrages. 
I am doing some little trading if I have the time and if I feel that the market is really good. Right now, I am primarily using Bittrex though I also have an account in Poloniex and in C-Cex (I recently bought an ICO in there). The main reason why many traders are using different exchange platform is not one single exchange offers all coins...what with so many cryptocurrencies and tokens available and still more are coming up we are already drowning in here.
There is a possibility of arbitrage where once coin can be selling high in one platform and there is a difference in another one. But this is not so popular because there are obstacles making it nearly impossible to realize some profits.
Maybe you can go to countries like South Korea and India where Bitcoin is getting to be a premium and people are paying more than what is currently published in our exchanges. However, there are also banking restrictions that you must hurdle.
In other words, for now, arbitrage is quite a big hassle and is not worth something to explore.
There is a possibility of arbitrage where once coin can be selling high in one platform and there is a difference in another one. But this is not so popular because there are obstacles making it nearly impossible to realize some profits.
Maybe you can go to countries like South Korea and India where Bitcoin is getting to be a premium and people are paying more than what is currently published in our exchanges. However, there are also banking restrictions that you must hurdle.
In other words, for now, arbitrage is quite a big hassle and is not worth something to explore.
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 think that there is a difference. Since altcoins' standard price can be seen in coinmarketcap, biderrs/askers use it as basis in placing their orders. For this reason, I can say that making arbitrage in altcoins is not worth it. 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. Fees are getting higher which can cause me to be deficit rather than making profit. I think it's better to stick with one exchanger at a tim since price difference in exchangers isn't huge. Also, trading with single exchanger would help you to focus more on your trading.
Sometimes and it is surely not worth to always trade on multiple exchanges especially with the bigger altcoins as the price has a difference of 10 cents. I only trade on multiple exchanges when their is a coin already listed on a exchange and it is added to a new exchange that is the only time you can make some good profit
Yes, I also use multiple exchanges for trading some time it will be a higher value in other exchanges. In order to secure our funds we need to trade on different platforms because we don't when exchanges are going to hack.
It's better to have pre-caution rather than we lose all our coins when the site is hack or they run with our money. That's why it's important to have many exchange site as possible. Don't forget the saying that do not put all your eggs in one basket. It's better to spread your funds across exchange sites.
It is impossible to earn high amounts in this way. Exchanges usually get 0.2 percent as fee for themselves. So 0.4 percent of that amount should be paid for exchanges fee. Also there is withdrawal fees. Another thing that make this more difficult is the difference between buy and sell orders.
Another problem is confirmation time . After that time prices will change.
Another problem is confirmation time . After that time prices will change.
I agree. It wasn't really like this before and I think this came along with the sudden rise of bitcoin. Back then it was a good idea to buy low from one exchange, transfer to to another that has a higher selling value for the specific coin. Now the transaction fees will kill you and it's not worth it anymore as your profits would just be eaten by the transaction fees
Not just with the transactions fees but the confirmation will kill us also especially if the trader are doing arbitrage trading in bitcoin. Anyways that's why it was called one of the best method is because bitcoin transaction is somehow fast and close to being instant in the past so the method is really effective back then. But now it can't be applied and possibility of just making it worst have higher chance.
One crypto is to one exchange and no switch will happen just to target profit.
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