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Experience with 3 bitcoin exchanges


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Experience with 3 bitcoin exchanges

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  #1 (permalink)
 tpredictor 
North Carolina
 
Experience: Beginner
Platform: NinjaTrader, Tradestation
Trading: es
 
Posts: 644 since Nov 2011

I tried to open a bitcoin trading account at Gdax, Gemini, and Coinbase. Photo ID verification failed at GDAX and Coinbase despite repeated attempts. No explanation or support. Bank linking failed at Gemini with no support of explanation. I was able to open an account at Coinbase but they don't support limit orders.

I may try again later this week but not a great sign.

Update

As an aside, I also tried buying bitcoin when it was around $100. I couldn't get the software to work and decided it would never catch because it wasn't convenient enough. I was wrong. I was able to get Coinbase ID verify to work by using mobile scan of my documents instead of the web cam.

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  #2 (permalink)
 tpredictor 
North Carolina
 
Experience: Beginner
Platform: NinjaTrader, Tradestation
Trading: es
 
Posts: 644 since Nov 2011

Update:
I was able to place a few trades in GDAX but margin trading is not available. The requirements for margin trading are pretty steep even if available. This means that shorting is not possible. In my case, I was testing the ability to hedge a position that hasn't cleared yet Coinbase.

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  #3 (permalink)
 CenFlo 
Tampa FL
 
Experience: None
Platform: Sierra Charts/TOS
Broker: Future Path/TDA
Trading: Futures/Cryptos
 
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I've had no problems with coinbase / GDAX and I've used them since 2013. Applied for high net worth limits not to long ago with CB and they had it approved within 2 weeks.

I mentioned on another thread here that I opened a kraken.com account and it only took about a week to get the Tier 3 level validation for my account approved.

Your mileage may vary.

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  #4 (permalink)
 xelaar 
prague, czech republic
 
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Check bitstamp, bitfinex

Trade to live. Not live to trade.
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  #5 (permalink)
 scarell 
Gaibesville
 
 
Posts: 10 since Sep 2017

looking for feedback, GDAX is the most stable

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  #6 (permalink)
 TWDsje   is a Vendor
 
 
Posts: 638 since Apr 2016
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Can anyone comment on the speed of different exchanges? I am interested in trying a few things, but my understanding is that your trades have to be verified by the block chain before the trade is verified. So it can be several minutes before it confirms your position.

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  #7 (permalink)
 tpredictor 
North Carolina
 
Experience: Beginner
Platform: NinjaTrader, Tradestation
Trading: es
 
Posts: 644 since Nov 2011

Also, are there any traditional platforms like Ninja that work with Bitcoin exchanges?

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  #8 (permalink)
 Razor 
Yorktown, VA/USA
 
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Not that I'm aware of.

You can use a Ninja Trader Indicator to import historical data...not sure if you can trade real-time though. I downloaded this indicator https://ninjatools.studio/bitfinex-ninjatrader-bitcoin-demo?

and was able to analyze some cryptos with it, however I'm not sure if it has the capability to use for real-time trading on NT-8. The ninjatools website is a bit thin


Tradingview does have charting and API data feeds for Bitcoin and Altcoins, however I see no way of using Tradingview to trade on the platform itself.

However with Coinigy you can trade on the Coinigy platform through any exchange that has an API authorized for trading.

I use Coinigy to trade on my Bittrex account.

Coinigy site looks a lot like Tradingview, in fact I thought they were the same outfit except designed specifically for Crypto-currencies.

Coinigy is supposedly has a major upgrade coming out... not sure when.

I would like to use Ninja-Trader platform to trade Crypto, but I don't think Ninja Trader wants to add that capability.

Not sure why, maybe because they want a piece of the exchange profits

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  #9 (permalink)
 CenFlo 
Tampa FL
 
Experience: None
Platform: Sierra Charts/TOS
Broker: Future Path/TDA
Trading: Futures/Cryptos
 
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TWDsje View Post
Can anyone comment on the speed of different exchanges? I am interested in trying a few things, but my understanding is that your trades have to be verified by the block chain before the trade is verified. So it can be several minutes before it confirms your position.

I don't believe I've ever seen this, it's like any other DOM or price ladder, there's liquidity on each side and the trades happen as soon as the price is hit.

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  #10 (permalink)
 tpredictor 
North Carolina
 
Experience: Beginner
Platform: NinjaTrader, Tradestation
Trading: es
 
Posts: 644 since Nov 2011


That is only for making purchases or sending money via the bitcoin network. You do not trade on the network. You trade on the exchange. Right, you do not actually trade on the bitcoin network. Think about it, you would be sending bitcoin back and forth-- a bitcoin is a bitcoin and the network would never be able to handle the traffic. You are not trading bitcoin for bitcoin (which makes no sense )-- but you are trading bitcoin for something else, such as dollars, when you trade on the exchange.

It is just like a currency trade BTC/USD. Any actually involves selling one thing and buying another.

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  #11 (permalink)
 tpredictor 
North Carolina
 
Experience: Beginner
Platform: NinjaTrader, Tradestation
Trading: es
 
Posts: 644 since Nov 2011

Bitmex looks interesting but not available to US customers. Are there any exchanges available to US customers offering easy leveraged trading?

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