Topic: Do you trade at multiple exchanges? - page 25. (Read 19302 times)

This can be done by price difference of 10% or more and using a large capital.
There is bad experience doing arbit from liqui to bittrex, few days stuck WD pending. This is very bad because the price of coins has gone down.
It teaches to be careful.

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.

yes for security reason it is good to use multiple exchanges, but you need to select a  good and well reputed exchange. i am also using different exchanges for keeping my bitcoins more safe

Guess what it is my favorite trading method. Exchangers are different with different prices listed on them. One coin will never have same price on two different exchangers. This gives me trading opportunity of same coin with different prices on multiple exchanges. This is very important to cover my losses and I'm thankful to person who invented such platform. Lol. Also, it is always good to buy at low first from one exchange and then sell at highest rated exchanger which makes you more profitable. Very good strategy.

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 is common thing and you can see daily this type of difference in the prices from exchange to exchange in many coins daily .
But reality to do trading from exchange to exchange is not so simple because there is always a type of transaction fee from exchange to exchange ( address to address ) and beside this there also exists a type of confirmation system for which we need until 30+ confirmation done ( in most of the altcoins we need 30avg confirmation at exchange ) .
So in the most of cases if you will make trading from exchange to exchange then you can't get success easily . Because many times I tried but didn't get any much profit in such ways , I mean total net gain no profit no loss .

Yes i do trade at multiply exchanges. But it depends on the price difference to determine whether i will do arbitrage. If the arbitrage profit is attractive, then it make sense to do it with timing risk and transaction fees. However please take note that sometimes exchanges disable the wallet to prevent you from doing so.

Yes. That's why the word arbitrage exist. I always noticed that there's one exchange that it's coin is much cheaper or higher than the rest of other exchanges. I always take advantage of that.

But I believe I am choosing and trading only with highly reputed exchanges and moreover I'm having the practices of  withdrawing my capital once I am done with my trading.

Still I agree with you, instead of relying on one single exchange, it would be a good practice to go for multiple exchanges so that we will be getting lot of options and also we are diversifying the risk of getting hacked with all the funds at a time.

Perhaps, using multiple exchange is a good idea,  just have a principle in trading never put all your fruits in one
basket, instead put it in different baskets samething with exchange.

If you are a day trader, you would choose a trading sites where there is a big volume and poloniex is one of the biggest trading site in the crypto world.
For me, I do trade in 3 different exchanges, I trade in poloniex, bittrex, and Liqui, sometimes you can find a price worth for arbitrage that's why I still maintain all my accounts.

My All Bitcoin crypto currency friends, brothers & Sister, first i say you Namaskar. Today i want to inform you a fake or scam company name is cex.io. Here is company url http://cex.io/ this company work as crypto currency exchange & its location is London based. i am a new investor n read lot of good review I join this company.

i join it as a basic membership, there company clam Buy and sell Bitcoins with some limit like daily buy/sell limit $300 and monthly 1000. i add my visa card with company. For verification they ask 1 ID and 1 shilfi with visa card. i done both and after 2 hr they approved me as basic account holder, my visa card status showing in company platform as verified. After that i deposit $50 as demo depots, this is because i lost lot of money in these type of company.

I also download company trading android platform. Both web/android interfaces was nice and looking really good, if you will see its both interfaces you never imagine that is a fake/scam company. I do lot of transition on android platform. Like sell/buy bid with different different currency. After that I try to use withdrawal option, this is a magical part of any fake/scam company.

When i try to withdrawal using android platform as bitcoin, there withdrawl option showing hidden. Means you cannot do there anything. i mailed about this problem on [email protected], they reply me after 2 days, and told me android platform is still in development so you are not able to withdrawal in bitcoin from there. You can use our web platform. Then I convert my bitcoin into dollar again and try to withdrawal as us dollar using android withdrawal option. A massage shows that your request is accepted and our finance department will confirm you once your withdrawal done.

I check my Gmail and suddenly i got second mail that told withdrawal rejected but no region show, why rejected. I aging mail and they told me then system taken 48 hr for verification for new customer. After 5 days i again try withdrawal using android platform and got same massage, also same mail with suddenly withdrawal rejected massage. I think this is due to android platform, so I use web interface to withdrawal my money in any form, I try withdrawal as BTC but withdrawal button no action.

After as dollar then got same massage with same mail as withdrawal rejected. Then I mail to [email protected], i got one auto reply that we will mail you about solution, your request has been taken. But no reply till date. Please behave this type of company/fake exchange. They do payment for short time/random. They also paid for remove bad comment that’s why no lot of bad comment on internet.

You can Google about this company like cex.io fake, cex.io scam. then you will found thousand of user search like these terms and you will also found some archive bad data but some removed and some footprint is still on internet. This type of exchange transfers money randomly, so people do continue faith, but once they got some big amount then they finish your all. Don’t waste your money with these types of scam/fake companies. They really pay you some time but after all they control your money at any time and you can’t able to do anything.

Also Check Attach Screenshot as Proof
Ravnit Kumar
Userid/user name: up106499092

Right now I only trade at poloniex. I don't use big volumes, and I prefer holding my coins as a long term investment so right now I don't see any advantages in doing that. I'm not paying to much attention to those differences so maybe I'm missing something here. I will take a look, but right now I don't think I will find anything that do, that justifies "the trouble".

Manybare using Poloniex and they think that this site is safe. I personally have a bad experience on that exchange. Somebody managed to open my account even if I have a 2FA security. Until now, I'm still receiving email that somebody using my account. I only experience this on Polo that's why never used it again and used Trex instead.

Actually, Yes i'm trading using with multiple exchanges.... Well poloniex and bittrex the one that i used mostly because many of the tokens that have been listed with them are bullish! (means that the tokens increasing like all the tokens that have been listed in poloniex that pump towards this month)

I am trading in poloniex and bittrex

Maybe your intention is arbitration. Yes, I do that, I used to do arbitration from liqui to bittrex and often get profit.

That's the consideration in trading. However, people tend to exchange with multiple sites in order for them to choose which sites offer a cheaper price of coin. However, it's not worth it for me since it'a hussle to make an arbitrage. For me, It's better to stick on one trading site a time so I can focus more in my trades.

Bittrex became my top choice in trading. I used to use exchange polo, but now it seems there is a problem with the exchange. I will wait until everything can go normal. Comfort and security are my priorities in choosing an exchange in trading. Because with comfort and security I can have a good mood in trading and make the right decision.

Arbitrary trading is always profitable,the trick is to have enough coins in all of the major exchanges and constantly monitor the price difference and since sending bitcoin to different exchanges takes a long time arbitrary is not possible but with alt coins you could but i have stopped doing it for the past month because all the exchanges are taking a lot of time to send the coins which makes things crazy and i might do that in future when everything settles down.