Topic: Do you trade at multiple exchanges? - page 9. (Read 19331 times)
Yes the different bitcoin exchanges have different policies and different rules so it is good to trade at multiple exchanges. Bitcoin exchanges are good now we can use this for future investment So it is good to buy bitcoin from multiple changes because the rates of one exchange differ from another and if you have complete trust over one exchange then it is possible that we can use only one exchange.
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 this as well, because it increases the chances of earning. A trader should be aware that the prices of cryptos are not the same or may vary depending on the exchanges or trading sites. That is why for me, it is wise to have an account to many exchanges, so that one can increase the probability of earning more than what is set on a specific exchange.
Yes I do trade in differnt exchanging sites...first because some altcoins is doesn't exist in other exchaging sites. Second, because sometimes there are different rates of altcoins in every exchages. Furthermore, I used also the sites to store few of my altcoins because I believe that don't put all of your eggs in one basket.
I do not usually trade in many commercial sites because the transaction fee is huge. I usually trade in two major trading sites, Kucoin and Binance, because these two exchanges have low transaction fees and huge daily transaction volume. If you trade too many different exchanges you will find it difficult to track down the value of the crypto you invest because of the volatility of the market.
No. It's too much trouble. With the fees of sending crypto from one exchange to another and the time it takes, it just doesn't seem worth it.
I trade in multiple exchange but dont do it arbitrage because this trading strategy promising small profit and sometimes need much times because confirmation of Bitcoin can be delay. I used multiple exchange just want to be more safe because exchange any issue of hacking.
One exchange is good if that will satisfy all your needs, however if you are putting your coins a little longer in a certain exchange
it's better to diversify it to other exchanges, we must still not be confident it will not be stolen as exchanges are vulnerable to hacking.
it's better to diversify it to other exchanges, we must still not be confident it will not be stolen as exchanges are vulnerable to hacking.
Its never a great idea, because the transaction can be very long and if it drop you will just loose money because of the transaction fees
Yes, that is true.
In my opinion the liquidity benefits of such trading are very ineffective, they are wasting time and wasting a lot of transaction fees, unless there is a significant price difference and the crypto that we own is huge, the action may be feasible because the fee can be paid off from the profit generated.
I trade on different stock exchanges because of the fact that the coins are different everywhere, so the difference in the commission is small, so it's better to trade where you like
I think that this is the only drawback in trading, and when instead of concentrating on trading several coins in one place, one has to act on several exchanges. This not normal. 
I trade on different stock exchanges because of the fact that the coins are different everywhere, so the difference in the commission is small, so it's better to trade where you like
Bro in the time of transferring the price of coin in that exchange becomes low.
So no benefit at all
So no benefit at all
Yes i use to trade in almost all exchanges and this is due to not all altcoins are listed in one exchange so where ever my altcoins are listed i have to go to that exchange and trade. But due to this i can also know that how much good are this exchanges and whether to trade with them or not in the future.
For now, I think the exchanges where there are good volume and a lot of coins listed are Binance and Kucoin, I use this two when I need to sellmy tokens and coins but for day trading I usually use Binance because it's faster and easier to use.
Its never a great idea, because the transaction can be very long and if it drop you will just loose money because of the transaction fees
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.
The high fees from transferring from ine exchange to another is really a setback for people using this strategy. I mean the price difference isn't usually that far between the exchanges and back when the fees weren't that high, it really matters on where you live aswell when it comes to this issue
Yes i use to trade in almost all exchanges and this is due to not all altcoins are listed in one exchange so where ever my altcoins are listed i have to go to that exchange and trade. But due to this i can also know that how much good are this exchanges and whether to trade with them or not in the future.
For now, I think the exchanges where there are good volume and a lot of coins listed are Binance and Kucoin, I use this two when I need to sellmy tokens and coins but for day trading I usually use Binance because it's faster and easier to use.
The difference is negligible in the coins I trade. Also, I have noticed when there is a huge price difference between coins on different exchanges, the exchanges would have closed their deposit/withdrawal of that particular coin. So, I stoped looking at various exchanges and their different prices. Moreover, for past 1 months altcoins are on a downward trend so there is no such opportunity to leverage.
Yes i use to trade in almost all exchanges and this is due to not all altcoins are listed in one exchange so where ever my altcoins are listed i have to go to that exchange and trade. But due to this i can also know that how much good are this exchanges and whether to trade with them or not in the future.
Yes i would like to take benefit from multiple exchanges in the present time i like the YoBit.NET for making the buying and selling of this currency I would like to check the other exchanges as well then i will be able to know the multiple exchanges and their transaction cost. The important feature of bitcoin is we can make multiple transaction with this and if we check the daily activity then the bitcoin activities is more than others coin in the crypto.
Arbitrage is a classic technique in profiting off of assets, and cryptocurrency is no exception.
The large amount of exchanges present in the market creates unprecedented arbitrage opportunity, as each exchange carries it’s own pricing discovery mechanisms.
The large amount of exchanges present in the market creates unprecedented arbitrage opportunity, as each exchange carries it’s own pricing discovery mechanisms.
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