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Topic: Do you trade at multiple exchanges? - page 34. (Read 19302 times)

sr. member
Activity: 476
Merit: 250
May 29, 2017, 02:24:56 AM
#13
Yes i do multiple exchange for arbit some altcoin. I use bittrex, liqui, poloniex, And vip bitcoin exchange.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
May 29, 2017, 01:21:44 AM
#12
Know what this is about, and as the man above said, it's called arbitrage.  Get familiar with that word.

I don't do this, personally.  Bitcoin fees and confirmation times would seem to make it impractical.  But I certainly agree that the potential for profit is there.  I'm just not sure how many people actually make money doing it with bitcoin or if it's even possible.
Talking about arbitrage and its connection with the transfer's fee which often people worrying about. It's all always depends on your capital at the end. The majority of exchanges are now using 0.001 BTC as fixed charge for miners' fee, which means, it doesn't matter how big your transactions size are, the amount charged for a fee is fixed. Therefore, if you're trading with rather big capital like 2 BTC or above, it'll not  hurt you, just keep in mind that the price margin is pretty big that could cover up anything. Though, I've figured out the price margin between international exchange is rather big that 0.001 BTC is not going to hurt you that much.
newbie
Activity: 20
Merit: 0
May 29, 2017, 12:47:08 AM
#11
You profit off of the price difference between the exchanges instead of profiting from the increase in price of bitcoin. its called arbitrage.
sr. member
Activity: 756
Merit: 268
May 28, 2017, 10:47:29 PM
#10
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 am using multiple exchange, depending on you in which of them your gonna use, of course you must search it first before you trade in that platform. And I don't see any wrong with it as long as it gives you benefits and profit.
Correct and using multiple exchange site your risk will be lessen and also profit will maximize. I think that is the way of thinking of more traders.
Just be careful on engaging in exchange site because there are many sites are scam specially for newbie they should search first before they act.
of couse it's tye major priority of a trader. However, I don't have known anybscam trading since I'm trading only with I have known trading site so that I can make an arbitrage if I want.
sr. member
Activity: 1190
Merit: 306
May 28, 2017, 08:42:47 PM
#9
Know what this is about, and as the man above said, it's called arbitrage.  Get familiar with that word.

I don't do this, personally.  Bitcoin fees and confirmation times would seem to make it impractical.  But I certainly agree that the potential for profit is there.  I'm just not sure how many people actually make money doing it with bitcoin or if it's even possible.
hero member
Activity: 714
Merit: 531
May 28, 2017, 08:35:01 PM
#8
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 am using multiple exchange, depending on you in which of them your gonna use, of course you must search it first before you trade in that platform. And I don't see any wrong with it as long as it gives you benefits and profit.
Correct and using multiple exchange site your risk will be lessen and also profit will maximize. I think that is the way of thinking of more traders.
Just be careful on engaging in exchange site because there are many sites are scam specially for newbie they should search first before they act.
jr. member
Activity: 58
Merit: 10
May 28, 2017, 08:33:17 PM
#7
I have done this a few times in the past, but these days it is harder, since due to slow confirmations and high fees, it is becoming more difficult to move money between exchanges.
sr. member
Activity: 658
Merit: 268
bullsvsbears.io
May 28, 2017, 08:29:21 PM
#6
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. I'm doing arbitrage if the sell difference between the trading sites is huge. I'm doing it if my holding is big enough so thay my effort is worth it. However, if the price doesn't have a huge difference, I ignore it as I'll just be deficit due to fee.
hero member
Activity: 854
Merit: 500
Stake & Vote or Become a IoTeX Delegate!
May 28, 2017, 08:24:08 PM
#5
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
That was an arbitrage trading most of the traders do that ,but as i've experience it is good and can make you profits but you need first to check the wallets first in both exchange if it is available and not on maintainance also it depends on transfeering because sometimes it takes a lot of time to transfer so the result after it confirmed it also dump most of the times .Be careful with arbitrage but also worth to try for.
hero member
Activity: 1022
Merit: 500
May 28, 2017, 06:38:35 PM
#4
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 am using multiple exchange, depending on you in which of them your gonna use, of course you must search it first before you trade in that platform. And I don't see any wrong with it as long as it gives you benefits and profit.
hero member
Activity: 714
Merit: 500
May 28, 2017, 06:14:06 PM
#3
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
 
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
May 28, 2017, 06:04:02 PM
#2
It's called arbitrage trading.  Here's why all the prices aren't the same:

-There's a "spread" on most exchanges, which is the difference between the buy and sell prices.

-Some exchanges have high fees (e.g. Coinbase)

-Some exchanges are dysfunctional (Bitfinex, BTC-E, Chinese exchanges), and some exchanges are also extremely shady/annoying when you move large amounts (BTC-E, Poloniex and more).

Overall doing arbitrage with several exchanges can get very hard.  There are some minor opportunities with the extreme price fluctuations that go on, but they're gone very fast.  I don't recommend you get involved unless you know what you're doing or you can trade with foreign exchanges (like South Korea).

full member
Activity: 140
Merit: 100
Peace not piece.
May 28, 2017, 05:53:15 PM
#1
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
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