Do you trade at multiple exchanges? - page 26.

fujyo86

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Quote from: lukmandog on June 17, 2017, 10:04:52 AM

Yes, i trade on multiple exchanges. Poloniex and bittrex are best multicoin exchanges for me. I am selective in trade. Just trading coins that have a clear and good roadmap.

One thought with you. Trading on multiple exchanges, dividing our balance not on one exchanges only. Because sometimes there is a coins isn't in the listing by one exchanger but on other exchanger's available.

lukmandog

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Yes, i trade on multiple exchanges. Poloniex and bittrex are best multicoin exchanges for me. I am selective in trade. Just trading coins that have a clear and good roadmap.

Zadicar

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Quote from: zidanw on May 29, 2017, 05:30:31 AM

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 trade at multiple exchanges because many altcoin that does not exist in one exchanger but there are in other exchanger, also ico that launch is not easy to enter in exchanger that have high traffic and trust like poloniex.
To move funds to another exchanger it sometimes takes a long time maybe 1 day, I ever do that and the results are not worth it.

If you are fan on trading lots of alts then having a single exchanger would really be not enough for you and as you said was true when you do go on high traffic exchange then expect for the transactions would be slower too depending on what you are doing. Multiple exchanges and doing arbitrage betting can really make you money but the transaction times or confirmations would really be a problem here.

Blackdeath

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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 don't exchange my coins from one exchanger to another exchanger as the price difference is not profitable most of the time. Besides, fee is quite expensive now in transfering balance to another wallet. Thus, I think it's waste of money.

gilangIDR

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Quote from: Sled on June 16, 2017, 09:47:49 PM

Yes i use a lot of exchanges where in they are yobit, poloniex and also bittrex. They are one of the most visited sites where i mostly trade because the coins there are good for trading and making money so i use multiple exchanges to prevent missing something worth it to trade so i can make more money during my trading hours.

I have an opinion with you. That with multiple exchanges we can keep and we are safe. Besides the use of many exchanges will facilitate us to trade altcoin with many variations. As we know that not all altcoins are covered by one exchanges. So some exchanges can make us comfortable doing trading.

el kaka22

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Quote from: chaser15 on June 16, 2017, 04:56:03 PM

Others want to trade single coin on multiple exchange just in case one exchange got fraud still they have the coins on to other. Well reasonable at all but I just find it too much hassle.

I'm trading bitcoin against fiats in multiple exchanges but not for the reason of getting scammed but there are some limitations with those exchanges, to come limitations I'm using multiple accounts with the different exchanges. In beginning days I am also facing lot of hassles, but after some experience I got practice to use multiple exchanges at a time.

Like how experts are suggesting to use multiple/different wallets types, similarly I am also suggesting to maintain accounts with multiple exchanges. It is just another way of diversifying our risks.

favila

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Bittrex covers every single coin I would want to trade in so I don't see any reason to use any other exchange...

Sled

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Yes i use a lot of exchanges where in they are yobit, poloniex and also bittrex. They are one of the most visited sites where i mostly trade because the coins there are good for trading and making money so i use multiple exchanges to prevent missing something worth it to trade so i can make more money during my trading hours.

Skarner21

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Quote from: ohlawdy on June 16, 2017, 05:35:28 PM

Mostly trade at 1 exchange , only when they do not support the coin i want i switch sometimes.

You got the point but also for safety purposes because we heard already before that many exchange sites are down and hack so for safety spreading you investment into different exchange can safe your other bitcoin for other trading site..
So if the exchange site was crash or hack you can be still have investment in other trading site..
But for now we are heard some offline wallet that we can hold many different altcoin in the single offline wallet like ledger nano s..
So i think if you need those coins just transfer your funds from offline wallet to exchange site. but if you are just planning to hold them for a long time its wise to buy a ledger nano where to save both bitcoin and altcoin..

Superways

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Quote from: FLoving on June 16, 2017, 04:40:58 PM

Quote from: passwordnow on June 13, 2017, 05:50:45 PM

No, I don't trade at multiple exchanges. But I have a lot of choices, what I do is if I'm not satisfied anymore with the current exchange I use that is going to make me jump from others. But today I'm currently good with the exchange I use and it's very convenient to me, I don't have plans now of using other sites.

You have to continue your experience at a number of exchange to make yourself aware of that exchanges as if you will not be satisfied for you with your current exchange or if any problem will occur to that then you will be conveniently move to the other.

That is a good suggestion for anyone that they have to make themselves expert in most of the exchanges which are working better and are marked as legit by the community as if a suddenly anything happen to one exchange and at that time is good opportunity for any coin to invest in then he will readily use the other exchange for that trade.

ohlawdy

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Mostly trade at 1 exchange , only when they do not support the coin i want i switch sometimes.

ozaeri

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I trade at bittrex, poloniex and bitstamp. For big altcoins poloniex has the volume so I trade those uniquely there. For all other altcoins I trade at bittrex and for bitcoin to fiat I trade at bitstamp.

chaser15

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Quote from: aryana42 on June 16, 2017, 10:03:22 AM

I only trade in one exchanger thats poloniex. Lower spread than other exchangers i like from poloniex. Also for me, it seems quite inconvenient if just trade 1 coin in multiple exchanges.

Also for me. I tend to trade one coin on a single exchange. Im just using other exchanges because some coins I trade are not present on the other. But for same coin and then doing it on multiple exchanges, sounds hassle to me plus doubled the fees when you want to withdraw.

Others want to trade single coin on multiple exchange just in case one exchange got fraud still they have the coins on to other. Well reasonable at all but I just find it too much hassle.

FLoving

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Quote from: passwordnow on June 13, 2017, 05:50:45 PM

No, I don't trade at multiple exchanges. But I have a lot of choices, what I do is if I'm not satisfied anymore with the current exchange I use that is going to make me jump from others. But today I'm currently good with the exchange I use and it's very convenient to me, I don't have plans now of using other sites.

You have to continue your experience at a number of exchange to make yourself aware of that exchanges as if you will not be satisfied for you with your current exchange or if any problem will occur to that then you will be conveniently move to the other.

The_Dark_Knight

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Quote from: target on June 13, 2017, 03:19:34 AM

I use to do arbitrage but it seem not worth doing if you only have few btc. Bitfinex, BTC-E and polo have a good difference of prices. Its just the buy orders that is to consider. Or maybe I don't know how to do it but it because its just me thinking like I have the most brilliant plan but then failed in the end.

Can we know why your plan of arbitrage failed? It was because of commissions, or because it was difficult to manage that many accounts, or you had problems with your bank about what you were doing, it would be nice to know what went wrong.

AngelSky

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Quote from: aryana42 on June 16, 2017, 10:03:22 AM

I only trade in one exchanger thats poloniex. Lower spread than other exchangers i like from poloniex. Also for me, it seems quite inconvenient if just trade 1 coin in multiple exchanges.

Polenix is the nice exchange where you can trade multiple crypto currency. If you manage the multiple trading account in multiple trading exchanges that is so critical to manage to fix the set value each account very fast as price change in the preev price chart.

aryana42

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I only trade in one exchanger thats poloniex. Lower spread than other exchangers i like from poloniex. Also for me, it seems quite inconvenient if just trade 1 coin in multiple exchanges.

ethereumhunter

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i am trading in multiple exchanges like poloniex, bittrex, yobit, cryptopia and else but i think i don't used arbitrage trading, to send the coins that i buy from A exchanges into B exchanges because i have bad experience with this in the past and i think i don't want to have the same experience.

sotoshihero

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Quote from: KRIMSON on June 15, 2017, 12:43:03 PM

I'm using Tidex, Poloniex, Bittrex and Liqui at the same moment.

I do not have Tides account but i have on the 3 exchanges you have mention. Also, add to that, I have account on c-cex. It is better to maintain account on several exchanges even a small amount for margin trading. i am doing this for several months already, and so far its quite ok and fun.

sumit513

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I use multiple exchanges to invest and not trade. There is a risk in investing in just one exchange. You never know what would happen in near future.

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