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Any crypto traders in the house?

dodusstangin
Oct 10 2021 at 01:25
3 postów
dormanFX posted:
Without proper knowledege, it will be very dangerous to trade in this market.

Yes absolutely right

norman220
Oct 14 2021 at 17:53
3 postów
I prefer crypto exchanges. There are many advantages when you use exchanges compared to forex brokers.
1. Trading costs are fixed and way smaller than forex brokers. For instance, the current fee for trading BTCBUSD future contract on Binance is 0.0170% for takes and -0.0100% (you receive the fee) for makers.
2. A big problem with forex brokers is the spread which is increased during high volatility. In the case of crypto exchanges, the spread is almost inexistent.
3. Crypto exchanges have way more altcoins and products like options, volatility indices, stocks indices and some give you the options to participate in the early stage of crypto through launchpads.
If you are interested in crypto exchanges here are the most popular exchanges: Binance, FTX and Bybit
You can read more about Binance here: https://fibitium.com/binance-review/
Or you can read about FTX here: https://fibitium.com/why-ftx-is-one-of-the-best-exchanges/

skihav
Oct 14 2021 at 18:10
801 postów
I think that now there are quite a few who have chosen crypt for work. At least, it is now quite possible to justify it.

momo3HC
Oct 17 2021 at 13:06
267 postów
norman220 posted:
I prefer crypto exchanges. There are many advantages when you use exchanges compared to forex brokers.
1. Trading costs are fixed and way smaller than forex brokers. For instance, the current fee for trading BTCBUSD future contract on Binance is 0.0170% for takes and -0.0100% (you receive the fee) for makers.
2. A big problem with forex brokers is the spread which is increased during high volatility. In the case of crypto exchanges, the spread is almost inexistent.
3. Crypto exchanges have way more altcoins and products like options, volatility indices, stocks indices and some give you the options to participate in the early stage of crypto through launchpads.
If you are interested in crypto exchanges here are the most popular exchanges: Binance, FTX and Bybit
You can read more about Binance here: https://fibitium.com/binance-review/
Or you can read about FTX here: https://fibitium.com/why-ftx-is-one-of-the-best-exchanges/

May be but:
1. There`s even 0 commission brokers.
2. Judging my own experience with my broker i didn`t have such increased spreads even during the high volatility.
3. I also have a fair big variety for crypto pairs.
And as point 4 i can add the hacker attacks against the crypto exchanges. Sadly but some day you can lose all your funds there.

norman220
Oct 17 2021 at 21:14
3 postów
momo3HC posted:
May be but:
1. There`s even 0 commission brokers.
2. Judging my own experience with my broker i didn`t have such increased spreads even during the high volatility.
3. I also have a fair big variety for crypto pairs.
And as point 4 i can add the hacker attacks against the crypto exchanges. Sadly but some day you can lose all your funds there.


'0 commission' it's just for marketing. You pay higher spreads or higher overnight interest. There is no free lunch.
There are also regulated exchanges like Coinbase or Kraken but they are more expensive. There is no free lunch.

karenpeters
Oct 28 2021 at 03:58
46 postów
I completely agree with @momo3HC. Yes, there are brokers who take zero commission and their spreads are then much wider.

momo3HC
Oct 31 2021 at 11:33
267 postów
norman220 posted:
momo3HC posted:
May be but:
1. There`s even 0 commission brokers.
2. Judging my own experience with my broker i didn`t have such increased spreads even during the high volatility.
3. I also have a fair big variety for crypto pairs.
And as point 4 i can add the hacker attacks against the crypto exchanges. Sadly but some day you can lose all your funds there.


'0 commission' it's just for marketing. You pay higher spreads or higher overnight interest. There is no free lunch.
There are also regulated exchanges like Coinbase or Kraken but they are more expensive. There is no free lunch.

0 commissions are not connected with higher spreads at 100% of 0 commissions brokers. There`s some who offers 0 commissions and their spreads are fine. Believe me i know what i`m talking about. 😉

Jungle78
Nov 18 2021 at 11:35
103 postów
I usually use brokers to trade btc XRP and on occasion Doge.
I try to find Arb opportunities on Exchanges

Seb King (sebking1986)
Nov 22 2021 at 13:37
348 postów
Depends what exactly you are trading and how. Trading on a broker or exchange are different.

If you can't spot the liquidity then you are the liquidity.
AliaDare
Dec 04 2021 at 07:30
788 postów
Crypto and FX trading are different. So the spread here may be different. But whatever you do, you must gain knowledge.

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