Is there anything inheritly wrong with trading on multiple platforms?

[Anonymous No.29988262]

Each platform has it's positives and negatives.

[Anonymous No.29989672]

Not inherently, I'm on four different ones at the moment and the only thing wrong is that I'm fucking going insane not having everything in one place (no they don't all provide APIs to link folio)

[Anonymous No.29990189]

>>29989672
Yeah. Made the mistake of listening to /biz/ shills about CoinMetro. The lack of fees is great but literally no one is using the platform. So I'm imaging when It actually is time to sale I'll be so royally fucked it won't be funny. Gonna to sell and move everything to bianance US & Coinbase Pro

[Anonymous No.29990416]

>>29989672
can you name the other 3, no reason just interested
>>29990189
the volume is low currently, but that will change soon, but I only use cm, sometimes chinknance when I want monero but that's it
also the ceo is based which is a plus in my book

[Anonymous No.29990420]

>>29990189
Yeah, I ended up using coinmetro only for QNT, because it was the best available (bittrex has insane withdraw fees and I'm not using uniswap anymore) but yeah now I just have some QNT over there...

[Anonymous No.29990433]

>>29990189
I take it you are unaware of how market makers work?

[Anonymous No.29990489]

>>29990433
can you explain it for me? I don't know how they work

[Anonymous No.29990496]

>>29988262
A flat 0.15% withdrawal fee is retarded.

[Anonymous No.29990616]

>>29990496
why?

[Anonymous No.29990837]

>>29990433
Completely. But if the amount of people in a market is so low, CoinMetro, how could I possible sell if the other 5000 users are trying to sell as well?

[Anonymous No.29990886]

>>29990416
My main fiat gateway is bitvavo (am dutch), they charge no fees for eur transactions to/from the exchange (dutch only I think). I usually just send XLM to other exchanges I use.
Most of my stuff is on binance (global), I do have some things on bittrex but I want to move away. Then coinmetro and I actually have one coin on bithumb now, and low-key want to get something from liquid too...
And then I have two coins only on uniswap.

[Anonymous No.29991139]

>>29990886
>SEPA Bank transfer € 0.00
woah that's cool, I think cm also wan't to make that work too, i mean €1 doesnt really matter at the end of the day but still, monkey brain like

[Anonymous No.29991200]

>>29990886
I'm moving to Greece, from the USA, for school in October. Do you know if my assets will transfer over to Binance Global if I start in Binance US. I saw somewhere you have to manually transfer the assets because your wallets are actually different.

[Anonymous No.29991266]

>>29991200
binance US is just a franchise so to speak, completely different company, just same name

[Anonymous No.29991320]

>>29990496
>flat
Wouldn't that be proportional?

[Anonymous No.29991537]

>>29991266
Fuck me dead. I guess I could it all before I leave and transfer it to the binance Global with USDT. I'll have to look into it.

[Anonymous No.29991579]

>>29990489
"A market maker (MM) is a firm or individual who actively quotes two-sided markets in a security, providing bids and offers along with the market size of each."

https://www.investopedia.com/terms/m/marketmaker.asp

Market makers provide liquidity in otherwise illiquid markets. Exchanges with low volume can (perhaps counter-intuitively) also have good liquidity if they employ professional grade MMs.

[Anonymous No.29991615]

>>29991537
I mean maybe they have a button to do it, never used binance US sorry

[Anonymous No.29991971]

>>29991579
thanks, but the question was how to use them
if i had to guess, putting up a limit order at the top? then wait until the MM fills it?

[Anonymous No.29992087]

>>29990837
I would recommend revisiting your exit strategy if you are apeing out alongside thousands of others.

[Anonymous No.29992273]

>>29991971
They would make the market at the bid / offer, so just use a marketable limit order or a maket order and you'll hit them.

The top of book will only have so much depth, but should replenish quickly, so hit a few cent deep with smaller orders repeatedly and you'll likely be taking entirely from the MM on markets where they operate.

[Anonymous No.29992282]

>>29991139
I like it cus our dutch system (iDeal) is instant (well about 1 minute) and it's free
Withdrawing to my bank takes a day though, but still free
>>29991200
I don't think so, try to make your account on binance global through a VPN and withdraw your coins before you leave. Or just sell all, buy XLM, send it and re-buy when you arrive.
I say XLM cus it's pretty much free to send around, withdrawing your coins (which are most likely ERC20 I bet?) will cost you a lot if you do them separately.

[Anonymous No.29992509]

>>29992273
hm, one time i put a market order for just 50 bucks on prq but ened up with 45 bucks..

[Anonymous No.29992945]

binance supports instant SEPA transfers, literally took me 10 seconds today to deposit 1000€

[Anonymous No.29993065]

>>29992087
Yeah, it's called being in a market with people who are smarter than me and aren't apeing out. Which will be Coinbase or Binance.

[Anonymous No.29993685]

>>29993065
That makes no sense. If the coinbase price maintained relative to another venue then it would open arbitrage opportunities to close the gap, the prices wouldn't deviate too much over the long term.

[Anonymous No.29993783]

>>29992509
It may not have had a market maker active.

[Anonymous No.29993865]

>>29993783
wait so it would have, instantly given me the price i need? how does that work
do they just sit there all day and instantly fill market orders?
or is it a software that does it

[Anonymous No.29993960]

>>29992945
yeah, it also support PIX
it took me 10 seconds to deposit 10

[Anonymous No.29994235]

>>29993685
I'm not talking about price deviation. I'm saying currently, CoinMetro's markets are totally stagnant. Look at the 24hr volume. I don't want have 50-100k worth of a coin in 8-12 monthes and simply be fucked because either: no one wants to buy or people don't want to buy enough, even if I go slightly below the market rate.

[Anonymous No.29994311]

>>29993865
Yeah it is software that places limit orders at the first 5 - 10 levels of market depth with a set size at each level.

There are a bunch of different design parameters you could implement with a MM algo, size, depth, taper, how fast it refills, how many refills at a particular level etc. etc.

I would recommend doing a search for market makers and having a bit of a read if interested.

[Anonymous No.29994315]

Gemini and Bittrex never respond to my emails.

[Anonymous No.29994414]

>>29994235
Not sure what you're on about, no one is forcing you to buy some shitcoin, stick to BTC if you want the most liquidity.

[Anonymous No.29994597]

>>29992282
OP here. I'm actually transferring my LINK from CoinMetro to Binance now through ERC20. Did I test send, everything is confirming rn. If depositing to a wallet on Global is as easy as it is on US I should be fine. I won't have to get any wacky altcoins to act as intermediators. Gas fee isn't that high when I transfer the lot. 300 LINK Gas ~~~1.3 LINK

[Anonymous No.29994694]

>>29994414
Then you're too stupid to understand what I'm talking about.

[Anonymous No.29994819]

>>29990189
Yeah beyonce has a lot more volume

[Anonymous No.29995462]

>>29992282
>>29994597
Everything went through. The current gas rate is much less than if physically withdrew back into fiat, than deposited again into binance. This is great, a lot more simple, and I don't have to worry about withdrawal restrictions CoinMetro places on fiat currency.

[Anonymous No.29995599]

>>29995462
>leaving your precious linkies on a chink scam exchange

[Anonymous No.29995807]

>>29995462
the only problem with CM is the liquidity, I don't know how they plan to solve that because people avoid CM because there's a lack of liquidity to begin with

[Anonymous No.29995831]

>>29995599
funds are unironically safu.

[Anonymous No.29995914]

>>29995831
>So, Binance is NOT incorporated ANYWHERE. Which means that they operate completely outside of any jurisdiction. For DeFi, that might be OK, but a centralized exchange?...
>Also, be prepared for any transactions that you chain convert from Binance to fiat to be frozen or seized by the authorities of whatever country you are a citizen of.

[Anonymous No.29996000]

>>29995462
Glad it went through, 1.3 LINK still seems like a lot for gas, but it's still less hassle than seling/sending XLM/re-buying

>>29995914
I thot Binance global is incorporated in Seychelles

[Anonymous No.29996048]

>>29995807
Yeah. I don't know either. Thankfully I can transfer LINK easily into different markets, however because I'm US-based, they're the only ones, I know of, that list XRP. So I just have to hodl, I was intending to do this anyway, and wait to see. I could sell at a loss just to GTFO but I don't see a point. I was most concerned about LINK. XRP will be shitcoin tier for at least 24 more monthes.

[Anonymous No.29996055]

>>29996000
>I thot Binance global is incorporated in Seychelles
You know how even the sketchiest of criminal entities incorporate in cyprus or Caymans or some shit? Well, CZ said Binance was listed in Malta.

Malta DENIES THIS. [1] [2]

So, Binance is NOT incorporated ANYWHERE. Which means that they operate completely outside of any jurisdiction. For DeFi, that might be OK, but a centralized exchange?...
Also, be prepared for any transactions that you chain convert from Binance to fiat to be frozen or seized by the authorities of whatever country you are a citizen of. [4]

[1] https://www.mfsa.mt/news-item/public-statement-2020/
[2] https://www.coindesk.com/binance-is-not-under-our-jurisdiction-says-malta-regulator?

[Anonymous No.29996269]

>>29995914
>Also, be prepared for any transactions that you chain convert from Binance to fiat to be frozen or seized by the authorities of whatever country you are a citizen of.
If that's the case I would just sell X coin & by USDC, USDT or the upcoming Euro stablecoin. Then transfer to Coinbase Pro, sell out, and pay me capital gains tax like a good little goyim I am <:^)

[Anonymous No.29996483]

>>29996055
What's the implication? That Binance US will shutdown? Everyone's assets would be seized?
Just the average 24hr volume BTC on there is 86 million USD

[Anonymous No.29996582]

>>29996483
>Just the average 24hr volume BTC on there is 86 million USD
do you know what wash trading is
https://blog.chainalysis.com/reports/money-laundering-cryptocurrency-2019

[Anonymous No.29996584]

>>29996000
It's actually 0.68.LINK for 150~ LINK. I was looking at different figure.

[Anonymous No.29996717]

>>29996582
Again, what's the implication? SEC will shutdown Binance entirely?
I imagine if that was the case it'd be like XRP with Coinbase. You can't sell or buy, but you can still transfer the coin to a different wallet if you wanted to. I'd just to that, back to Coinbase or some other exchange.

[Anonymous No.29996913]

>>29996717
well no one really knows what might happen
here is some guy giving his predictions https://youtu.be/VuMqR7EEmCk?list=UUBFTjwA-6pSrlaAV1T0SzMw&t=1675

[Anonymous No.29997283]

>>29996717
SEC can't really shut down Binance (global)
Binance US is its own entity and not what >>29996582 is about

>>29996913
>18th October 2019

[Anonymous No.29997469]

>>29997283
>>18th October 2019
how is he wrong

[Anonymous No.29997787]

>>29990189
the lack of fees make it good for on boarding and off boarding

I onboard metro and trade on kraken