Why cant i just buy BTC on Bittrex USDT/BTC for 4350$ , transfer it to my local exchange and sell it for fiat for 4500$/BTC ?
>what is Arbing
you can welcome to arbitrage land
>what is arbitrage
>>3337445
how new are you?
I want to do this myself, there is one problem I need to be able to deposit USD in a US exchange, ergo need a US bank account
>>3337477
Been in cryptos for a few months.
Actually i didnt give this any thought. There is this local exchange in Eastern Europe, they have BTC price listed at 4491$.
So i was wondering what if i buy BTC on Bittrex USDT/BTC which now is 4270 and then sell it off on my local exchange.
Sorry as i said i havent given it any thoughts. What could stop me ?
>>3337445
Congratulation. Every week a new anon invents arbitrage. Its called parallel evolution.
Yes, but transfer of BTC takes time and price can change rapidly. Its easier to play on exchanges in which price movements are delayed.
>>3337507
What is transaction fees for a loss of 3% Johhny~!
Unless you go bank transfer, but.. 7 days is a gamble.
>>3337507
>What could stop me ?
nothing
Tried with 10$ worth of BTC and Bittrex are not allowing it, too small of amount.
>>3337577
... there's just.... no... --_--
>>3337589
Sorry if i sound stupid i am just trying it
do not be sorry we are merely exchanging opinion
>>3338193
BTC will be $7540
ETH is gonna get a pump and come back to 0.1BTC so it'll hover around the $740-760 mark
ZRX to $3.
OMG to $50,
DNT will recover a bit to to $0.30