Topic: TRADING A SINGLE TOKEN IN BETWEEN EXCHANGES - page 3. (Read 479 times)
This is nothing new, Arbitrage is what is employed in betting and trading, all you need is a variation is prices one two exchanges but I hop you are making use of bots, which will make you life easier, if not it is possible that the transaction fees and withdrawal fees is going to erode and eat into our profit if care is not taking
Arbitrage-the double killer of profit due to the high spreads between the different exchange rates and withdrawal commissions. If you can use the special software which can find the gaps, differences between exchanges for the same altcoin pair, you can make money through the turnover of the precise amount. The withdrawal fees can be adjusted if you can use another cheap alternative crypto for transfer.
As others have said, this is not a new method.
You are only required here to carefully choose the difference between exchanges, this is not easy and the risk is quite high, prices go down when you process withdrawal and deposit transactions, this is what usually happens.
You are only required here to carefully choose the difference between exchanges, this is not easy and the risk is quite high, prices go down when you process withdrawal and deposit transactions, this is what usually happens.
This is very risky because you will use a different exchange whenever you want to make a profit. I have seen an exchange using a spread on their orders to attract the arbitrager to trade it on their exchange, but after they sent their token and sold it on that exchange. they could not withdraw it because the exchange did not allow them, this was also one of many reasons why did I stop doing it.
They call it arbitrage.
It doesn't work always and there will be a time that you be will on the other side.
Take it as just a lucky move.
This will also take so much work as you will need to monitor both exchange or 4 on your list to look at the price every once in a while.
It doesn't work always and there will be a time that you be will on the other side.
Take it as just a lucky move.
This will also take so much work as you will need to monitor both exchange or 4 on your list to look at the price every once in a while.
i think you need to be careful on how you to make these trades. the best option is put a low price below the current trading and wait for your luck. it takes time. No need to rush but it will take time and pray your plan work. you might end up frustrated.
Maybe investing in ICOs and IEOs isn't really for you so stop doing that. What you have discovered is the arbitrage and this is a very known trading strategy in the community but I don't do it because there's a tendency that your transaction might get delayed of confirmation.
If you're profitable doing that, make sure that you're risking a notable amount of money.
If you're profitable doing that, make sure that you're risking a notable amount of money.
i have tried my best to make little money from this crypto business but it seems like i am not getting things right. from Airdrops to bounties. everything turn to pennies and scams at the end. i have tried to invest in ICOS and IEOs. the product plummets immediately the moment it spends two months in the market. i want to try another option and wish to ask here if it is favourable. i discovered that there are tokens that shares different prices in different exchanges.
simple: i buy low from one exchange and sell high in another. looks simple but i think it is worth while, i tired it once with Mainstream For The Underground token. i made a little cash but it was just a trial.
.
hope to share this here.
Yes it will work and we call it arbitrage . But considered the transaction fee first before doing this things and check the wallet of both exchange if there are no maintenance. you can easily transfer the coin you want to buy from to another exchange, also dont forget the orders of both exchange before buying it. simple: i buy low from one exchange and sell high in another. looks simple but i think it is worth while, i tired it once with Mainstream For The Underground token. i made a little cash but it was just a trial.
. hope to share this here.
Arbitrage. The idea is simple, but doing it is risky too.
A friendly reminder - Don't be swayed right away by exchange prices. Please do a thorough research before buying because aside from a possibility of low trading volumes mentioned by @semobo, sometimes, exchanges that have above and/or below average market price are having problems like Wallet Maintenance. You might buy and expect that it can be sold at a higher price, but in the end you'll find out you won't be able to send it to a specific exchange.
A friendly reminder - Don't be swayed right away by exchange prices. Please do a thorough research before buying because aside from a possibility of low trading volumes mentioned by @semobo, sometimes, exchanges that have above and/or below average market price are having problems like Wallet Maintenance. You might buy and expect that it can be sold at a higher price, but in the end you'll find out you won't be able to send it to a specific exchange.
You are not doing anything new,this method of trading is called arbitrage. If you are capable of finding the price difference between exchange then you can make profits as you did but this is more riskier than you think especially when a token has less trading volume because price changes will be high which could affect your trade while you are moving coin from one exchange to another.
i have tried my best to make little money from this crypto business but it seems like i am not getting things right. from Airdrops to bounties. everything turn to pennies and scams at the end. i have tried to invest in ICOS and IEOs. the product plummets immediately the moment it spends two months in the market. i want to try another option and wish to ask here if it is favourable. i discovered that there are tokens that shares different prices in different exchanges.
simple: i buy low from one exchange and sell high in another. looks simple but i think it is worth while, i tired it once with Mainstream For The Underground token. i made a little cash but it was just a trial. .
hope to share this here.
simple: i buy low from one exchange and sell high in another. looks simple but i think it is worth while, i tired it once with Mainstream For The Underground token. i made a little cash but it was just a trial.
. hope to share this here.
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