Topic: Do you trade at multiple exchanges? - page 8. (Read 19331 times)
I'm certain that most of traders do that. There are many circumstances that a coin you want to buy is not available like it's not on Binance and it is only listed on Kucoin or Hitbtc. I already have 9 exchange accounts.
Yes its good for different new tokens and new ICOs opportunity for the new tokens, when I am investing in new ICOs and their tokens are listed in different different exchanges, so for the purpose of selling or trading I need to make registration on different exchanges for the sake of selling my new tokens or coins or trade on it,,
Yes, next hash is listing some new ICO's too.
http://Http://t.me/nexthash
Only when I can not go on binance, otherwise I just trade where In eed to be to trade
I dont trading by arbiratge stratgey because i have to make alot of account of exchange, and this is make me not efisien in trading. I only use 3 different exchange and trade on pair crypto with USDT to be more easy to trade.
As much as possible, I try to avoid opening in multiple exchanges because it increase the probability of the risk in my security. The more I open accounts to various exchanges, the more risky it is for my beloved and precious coins. So, I try not to do that, despite the perks of earning more in trading at multiple exchanges.
There's only a risk actually when you import your private keys there as it can compromise when the exchanges gets hacked but as long as you didn't do anything like that it's fine to do trade in multiple exchanges. And not all our coins or other pairings don't have in all exchanges plus different fees so it's more unlikely to try all those.
No I don’t like to trade on new exchange, I am working with some good coins that makes my trading in a good portfolio, I like to trade my favorite coins which some about I have assured that they are good in my trading portfolio,
Yes its good for different new tokens and new ICOs opportunity for the new tokens, when I am investing in new ICOs and their tokens are listed in different different exchanges, so for the purpose of selling or trading I need to make registration on different exchanges for the sake of selling my new tokens or coins or trade on it,,
No I don’t like trade every new exchange or trading platform because I think it’s all about financial situation and position of account maker and traders so I think we should trade only best trading platform which we have believe in mind and satisfaction about the working position and think this is the platform is good for trading,
As much as possible, I try to avoid opening in multiple exchanges because it increase the probability of the risk in my security. The more I open accounts to various exchanges, the more risky it is for my beloved and precious coins. So, I try not to do that, despite the perks of earning more in trading at multiple exchanges.
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. This is very convenient.
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
Yeah if you are a token holder you might want to look for exchange that has a higher value of you token . Comparing exchanges is a must if you wanna gain profit but you also need to check the fees so at least you wont get lose big amounts when it comes to withdrawal .
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
Yeah if you are a token holder you might want to look for exchange that has a higher value of you token . Comparing exchanges is a must if you wanna gain profit but you also need to check the fees so at least you wont get lose big amounts when it comes to withdrawal .
of course it all depends on the coin and on the exchange itself. I trade on at least 5 different exchanges. it doesn't matter I think you should follow the option that maximizes your profit.
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
i do arbitrage and yes price varies because of spread and other factors. it is available in google if you want to take advantage of their differences but make sure that you are fast enough because you can be trapped if you dont do fast.
I think it is a little bit of a hassle plus the transaction fee is varying with each exchange. But the idea of taking advantage of the price difference is a good one.
There are a lot of factors needed to acconplish this strategy. First off you have to research about it, then you have to be fast enough to follow the trend, your internet should be fast and again the transaction fee is really the biggest factor hindering the conpletion of the full benefit.
Sometimes I do arbitrage if the profit from the price difference make sense for me to spend the withdrawal fees and take the risk of price change during transaction time.
You can find all about arbitrage risk in here https://steemit.com/cryptocurrency/@scrawl/a-brief-look-at-crypto-arbitrage-trading thus first understand the risks and then weigh it against the opportunity , if the risks outweighs the opportunity then stop right there and keep your head in trading but if the opportunity is really good then go ahead .
The answer is i do, traded at multiple exchangers can be easy to apply the strategy arbitrase in trading altcoins, if there are different price of altcoins or bitcoins between the exchangers, that is easy method to getting fast profit without analisys technical to makes prediction of price, unfortunately the gap of price seldom happen every time.
I also use several exchange, as I suppose most of us do. Sometimes it's necessary to be able to do arbitrate, but the main reason is that not all exchanges list the same cryptocurrencies, and you have to use the exchage that lists the cryptocurrency that you want to trade with. Also due to the different policies and different rules they have. Even so, there are two or three that I use most often.
Yes I am using multiple exchanges. I have been using 6 exchanges since not all exchanges have complete list of coins I want to trade. But I don't send coins from one exchanger to another, it is expensive and you loss more coins from withdrawal fee.
Trading on multiple exchanges is very demanding because you have to watch many details like different policies and rules. It's also more risky from the security point of view and it comprises more time but still I think it has advantages and also gives better chances and choices for profit. But I don't recommend that to beginers, it's more for professional traders.
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