Post
Topic
Board Trading Discussion
Re: Binance traders are making more money than other traders
by
ricardobs
on 25/05/2019, 11:49:00 UTC
You mean Binance has a Trading volume larger than any other exchange?



Well, according to the top exchange in the market Binance always on top 3 centralized platform according to the coinmarketcap.
Because of a large community they have to its platform exchange, no wonder that majority of their traders who used Binance platform
are always making profit everyday. Even recently, binance faced an issue about 7000BTC that has been stole by the hackers, binance
can still surpassed that circumstances anyway.

Maybe that is true, but we don't know anything about each trader, and maybe not most traders who trade on binance was made a bigger profit. I think in the other exchange, many traders are making a lot of profit too because they can find the right coin to buy and sell. So it is about how we choose the right coins to trade and make the profit.
traders profits not depend on exchanges.exchanges only provide large daily volume trading and if traders able to put their money in correct time and level they should earn profits.binance as biggest exchanges never promises profits for their customers.
Of course a great exchange can make you more money if you trade on their platform.  There are many reasons behind this. Users on Binance make more money in trading because more than 90% of the crypto users are on Binance and it is more quick and convenient for the Binance users to make pretty more as compared to those on other exchanges.