Re: Why Do You Use The Exchange You Choose To Trade On?
to hedge BTC/USD value i usually trade USDC on binance/kucoin. when i want to cash out, i transfer USDC to coinbase pro and convert to USD. that saves me 0.4% per trade.
Unfortunately, Binance recently delisted several USDC trading pairs and the trend may continue due to low trade volumes... i guess you are now going to stick with Kucoin in that aspecthttps://www.binance.com/en/support/articles/360038120032
those are just low volume altcoin markets. they won't be delisting the BTC/USDC market anytime soon. remove the handful of fake volume exchanges listed at the top and you can see binance has the highest volume BTC/USDC market in the world: https://coinmarketcap.com/currencies/usd-coin/markets/
so naturally, binance is much better than kucoin when i need liquidity to dump into.
what i like doing on kucoin is placing low bids and high asks so i can profit from the slippage. one example: yesterday i was able to sell at $9000 on kucoin BTC/USDC even though the spot market never passed $8500.
