Trading between exchanges - page 2. | Bitcointalksearch.org

cryptosifu

sr. member

Activity: 378

Merit: 251

Quote from: Fwakata on January 23, 2018, 10:37:51 PM

I've noticed many times a big difference in price between exchanges. Right now one of my ALTS has a 100% difference between kucoin and coinexchange. Any of you trade between exchanges?

This is called arbitrage trading and it is done all the time. However, sometimes the trading volume isn't that great so the profits are minimized but there still is profit from doing this. The key is to execute the trade immediately when you see the huge price difference. Buy on one and sell on the other immediately. Depending on exchanges and crypto, sometimes it takes a while for your coins to confirm.

Fwakata

newbie

Activity: 22

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The profits would have been close to 100% increase at the time.

jennerpower

member

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Merit: 11

Exchanging in some trading site has its own fee. Transaction fee, buying fee and selling fee. You know it does charge our transaction just a little. You might transfer them to other exchange site to minimize the withdrawal fee. This is what I am doing as usual I transfer it to another site to minimize my fee to coins.ph.

Agozyen

sr. member

Activity: 672

Merit: 252

Until the end

It's a good way to miss out. I don't recommend it. There is a difference a lot of the time between Cryptopia and Bittrex, but because of the length of time it takes to confirm transactions the prices sometimes catch up. If you spread your coins among the exchanges it may work out for you though. I would not try this unless you are an experienced trader, and even then start with small amounts.

elitemom

member

Activity: 174

Merit: 10

what is the profit of trading between the exchanges? cannot get it. Cry

mrtryonebiggums

full member

Activity: 322

Merit: 111

Revolutionized Rotating Savings & Borrowings

Sometimes that is due to illiquid markets and sometimes it is due to somebody buying up a huge amount. In any case that spread won't remain because somebody somewhere will attempt to arb it.

Destined2bGreat

member

Activity: 197

Merit: 10

what is the point of it? every exchange charge a fee I believe... Huh

Fwakata

newbie

Activity: 22

Merit: 0

I've noticed many times a big difference in price between exchanges. Right now one of my ALTS has a 100% difference between kucoin and coinexchange. Any of you trade between exchanges?

Topic: Trading between exchanges - page 2. (Read 230 times)