Do you trade at multiple exchanges? - page 24.

chaser15

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Quote from: Malsetid on June 24, 2017, 07:52:46 AM

Quote from: hosseinimr93 on June 24, 2017, 05:56:45 AM

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.

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.

Malsetid

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Quote from: hosseinimr93 on June 24, 2017, 05:56:45 AM

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.

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

Cactushrt

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For me arbitrage trading is not worth it i've tried it many times sending bitcoins on another exchange really takes times and before the btc arrives the buy order is much lower so you must wait for another time to sell it.

hosseinimr93

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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.

d1337r

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Trading at multiple exchanges is called arbitrage , in theory = its wonderfull (buy at cheap price = transfer , sell at high price = rince and repeat lol) , in real = You will lose your money in commissions , price will move while you try to send your btc (confirmations ...etc) , not worth it

Blake_Last

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I have an account on various exchange sites like Poloniex, Bittrex, Bitstamp, Changelly, Cex, SimpleFx, ShapeShift and Kraken, and usually, I check these sites first and compare them before I start selling or buying coins. This way I can get to profit better.

streazight

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Quote from: naidray on June 23, 2017, 04:23:20 PM

Quote from: Ayiranorea on June 23, 2017, 07:27:29 AM

Trading in multiple exchange websites is quite a good idea, the same helps in learning more about trading. Importantly multiple exchange trading participation helps in making arbitrage trading and profit good out of the same with ease.

How trading in multiple exchanges will help learning about trading ? You mean to say comparing prices and market movements will get some clear idea about how to analyse and interpret price movements ? You are talking about more specific to some trading tools, I really could not get this point.

Trading in multiple exchanges will definitely help any trader to earn decently through arbitrage trading but I am also not sure how it will be helping to learn trading aspects. I understand he must be talking about arbitrage trading only because other than arbitrage trading I could not find any advantage of trading in multiple exchanges. Still it would be good if Ayiranorea will be confirming if he has any new methods other than we are discussing.

SportsbookBettor

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Quote from: btcdiggingmaster on June 24, 2017, 01:39:14 AM

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.

btcdiggingmaster

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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.

smauni

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Yes I trade in multiple exchanges. Poloniexand Bittrex. But I use bittrex most. Because it has the bette user interface. Poloniex also good.

Ethan_Locke

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I use Bitfinex and Poloniex. Poloniex is excellent for altcoins trading etc and bitfinex im convinced has the best user interface, for the way I trade at least.

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Quote from: KingdomHearts on June 23, 2017, 06:45:35 AM

I am holding accounts in more than five exchanges. All are altcoin exchanges. The real advantage of having accounts in more than one exchange must be we can trade at any time regardless of any exchange is going into maintenance mode.

I have never tried arbitrage trading like many people are sharing here because so far I never find big price gaps to make use of them.

I think you should try arbitrage, especially if you have more than 5 exchange account, but first make sure these exchange can transfer amount of coin to another exchange coin address.

The gaps, transaction fees and speed of transaction is the important thing to success in arbitrage. If you have a lot capital, low price gaps is doesn't matter, 1 satoshi is worth. If you have low capital, you should research more about the coin that have big price gaps, because besides need a profit, you need a coin to cover transaction fees.

naidray

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Quote from: Ayiranorea on June 23, 2017, 07:27:29 AM

Trading in multiple exchange websites is quite a good idea, the same helps in learning more about trading. Importantly multiple exchange trading participation helps in making arbitrage trading and profit good out of the same with ease.

How trading in multiple exchanges will help learning about trading ?
You mean to say comparing prices and market movements will get some clear idea about how to analyze and interpret price movements ? You are talking about more specific to some trading tools, I really could not get this point.

Ayiranorea

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Trading in multiple exchange websites is quite a good idea, the same helps in learning more about trading. Importantly multiple exchange trading participation helps in making arbitrage trading and profit good out of the same with ease.

Kevin77

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Quote from: KingdomHearts on June 23, 2017, 06:45:35 AM

I have never tried arbitrage trading like many people are sharing here because so far I never find big price gaps to make use of them.

Finding arbitrage trading opportunities are not easier one. You need to closely watch different exchanges market movements more carefully so that you can spot out any big gap then you can make use of them.

Sometimes due to heavy pump and dump you may see price gaps, but before you will be moving funds there, those gaps might get smaller. Usually arbitrage trading will be very rare but if you figure out anything you can get instant profits surely. Keep on trying, I have found many times, not big profits but definite profits.

KingdomHearts

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I am holding accounts in more than five exchanges. All are altcoin exchanges. The real advantage of having accounts in more than one exchange must be we can trade at any time regardless of any exchange is going into maintenance mode.

I have never tried arbitrage trading like many people are sharing here because so far I never find big price gaps to make use of them.

qq767178175

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That was an arbitrage trading most of the traders do that Lips sealed

nakata90

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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 =))

ghostunicorn

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Quote from: rickadone on June 22, 2017, 06:43:34 AM

Quote from: Himanshu111 on June 22, 2017, 04:56:09 AM

Yes, this a sure way to make money. You buy from an exchange with low price and sell at an exchange with high price. This is called the practice of arbitrage. I have my accounts on poloniex, kraken and yobit. All are good exchanges.

This practice of arbitrage only theoretically possible now a days due to heavy competition from lots of crypto currency users. Practically we could not figure out any big price gap between exchanges. So I'm not suggesting to have multiple exchange accounts for this purposes.

Still you can maintain accounts with many exchanges for the reason of not trusting them completely for all your funds. You can have multiple accounts with more number of exchanges so that you will be secured even one exchange is having problems like hacking.

This is true. Arbitrage never happens in reality and I haven't seen anybody doing it. It's very theoric thing and not valid under current market conditions.

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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?

A long time ago when the arbitrage was higher now the sending fee eliminates arbitrage in most currencies and the speed which it takes to transact and switch is less attractive but perhaps if the withdrawal period was better I would consider it on some sites.

Topic: Do you trade at multiple exchanges? - page 24. (Read 19333 times)