Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?
Blue
Red
Green
Orange
Voilet
Slate
Dark
  Guest viewing is limited

❓ASK Have you ever tried trading between different exchange platforms?

AudraMiller

Sapphire Member
LV
0
 
Joined
Sep 24, 2020
Messages
7,707
Reaction score
170
Points
150
Awards
1
BMF Points
$4,888
Rating - 100%
2   0   1
The price of any cryptocurrency on exchanges can be different and sometimes these differences can be large whereas with other times it can be much smaller. This was something that i had noticed when it came to actually seeing the price of dogecoin increase, as the binance platform at one point had a much higher price than the yobit exchange platform. Have you ever tried trading between platforms like this and has it been successful? The withdrawal fees often play a large role in determining profitability of such ventures in my past experience.
 
In a very short time the prices are always adjusted except you're very fast to run your transactions between the exchange platform I have also been noticing that no I have not taken yobit into consideration.
 
In a very short time the prices are always adjusted except you're very fast to run your transactions between the exchange platform I have also been noticing that no I have not taken yobit into consideration.
Yes you would need to be very fast and you would have to use an exchange that processes their withdrawals quickly as well as a delay there can have serious losses for you.
 
Yes you would need to be very fast and you would have to use an exchange that processes their withdrawals quickly as well as a delay there can have serious losses for you.
Yeah , I wouldn't know if you have been doing and it is working, also which of the exchange platforms have you been using ? Thanks.
 
Yeah , I wouldn't know if you have been doing and it is working, also which of the exchange platforms have you been using ? Thanks.
I generally tend to make use of the yobit exchange and the binance exchange, however lately yobit has been very bad with regards to the withdrawal fees which results in much profit being lost for these trading techniques.
 
Because of that i can lose more money from both fluctuation and withdrawal fees ,so i can't try something like that ,even if the price is high or low
 
Because of that i can lose more money from both fluctuation and withdrawal fees ,so i can't try something like that ,even if the price is high or low
It depends on the price margin if it is significantly low in your host site and it's on the other side you can easily withdraw usdt through trc 20 which is just $1 USDT fee now and you quickly trade and other platform.
 
It depends on the price margin if it is significantly low in your host site and it's on the other side you can easily withdraw usdt through trc 20 which is just $1 USDT fee now and you quickly trade and other platform.
Yeah its $1 no matter the quantity you are transferring. Even if its lower amount of dollar ,the is why i prefer other crypto currency with lower fee
 
I am waiting to year the opinion or experience of @AudraMiller , if it is something worth giving a shot because we just have to look for different means of making money arround Crypto and avoid bearish moment.
 
The price of any cryptocurrency on exchanges can be different and sometimes these differences can be large whereas with other times it can be much smaller. This was something that i had noticed when it came to actually seeing the price of dogecoin increase, as the binance platform at one point had a much higher price than the yobit exchange platform. Have you ever tried trading between platforms like this and has it been successful? The withdrawal fees often play a large role in determining profitability of such ventures in my past experience.
I think it would play out better if you hold usdt on both platforms and just make your profits through that because the time it may have taken to buy from and send to another factoring in fees and the fact that the difference in price usually lasts for a short while may make it not worth it at all.
 
I think it would play out better if you hold usdt on both platforms and just make your profits through that because the time it may have taken to buy from and send to another factoring in fees and the fact that the difference in price usually lasts for a short while may make it not worth it at all.
It is not advisable because sometimes the differences comes as a result of glitch in the system which are fixed almost immediately.
 
It is not advisable because sometimes the differences comes as a result of glitch in the system which are fixed almost immediately.
I was just brainstorming to understand how it could work because although I have seen some videos claiming it as a possibility but I guess it isn't realistic.
 
I was just brainstorming to understand how it could work because although I have seen some videos claiming it as a possibility but I guess it isn't realistic.
There are some times that when you want to do such before you could make transactions the price might have crashed and you loose the usdt transaction fee.
 
The price of any cryptocurrency on exchanges can be different and sometimes these differences can be large whereas with other times it can be much smaller. This was something that i had noticed when it came to actually seeing the price of dogecoin increase, as the binance platform at one point had a much higher price than the yobit exchange platform. Have you ever tried trading between platforms like this and has it been successful? The withdrawal fees often play a large role in determining profitability of such ventures in my past experience.
How it is possible to buy in yobit and sell in binance Practically it is impossible. I wonder if anyone have developed any strategy regarding this, I would live to use it.
 
How it is possible to buy in yobit and sell in binance Practically it is impossible. I wonder if anyone have developed any strategy regarding this, I would live to use it.
I am also not seeing the feasibility of this but may be there are people doing it and it working for them which I will love to see proofs.
 
I am also not seeing the feasibility of this but may be there are people doing it and it working for them which I will love to see proofs.
I don't think this method will really work. Because the price is always relative to each other. Even when buying price is higher in binance, selling price will also be high. Same in case of other exchanges.
 
I don't think this method will really work. Because the price is always relative to each other. Even when buying price is higher in binance, selling price will also be high. Same in case of other exchanges.
yeah you know everybody have different strategy of doing their things so if we could see people doing it and they can explain to us how have they been doing it with proves we can learn from them.
 
Trading bitcoin between different exchanges is called arbitrage. This type of trade does not really work because the transaction fee will eat your profit
Yeah I have been seeing the word arbitrage trading but I have not know the meaning , thanks for your update or enligtment , it is only if there are no transaction fee that such can be possible .
 
Trading bitcoin between different exchanges is called arbitrage. This type of trade does not really work because the transaction fee will eat your profit
But how will you commence you work. Suppose I have bought Bitcoin at 37000 in Youbit, and now want to sell it in Binance at 37100 price. What's the procedure for that?
 

📢 Recommended Partners

MGID - Native Performance & Programmatic Advertising Platform MGID Team
0.00 star(s) 0 ratings
Updated
Roobet.com | Crypto’s Fastest Growing Casino 🦘 Roobet.com
0.00 star(s) 0 ratings
Updated
Duckdice.io - Top Crypto Gambling - Bitcoin Dice DuckDice.io
0.00 star(s) 0 ratings
Updated
BMFAds.com - Advertise and Monetize Your CPC, CPM, POP Traffic BMF Staff
4.00 star(s) 4 ratings
Updated

banner

REWARDS: Active Raffles


  • 🤑 Roll 3: Win 100,000 BMF Points!

    The entry period for this raffle ends in..
Back
Top Bottom

Earnings Disclaimer:  All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.