I wanted to buy the dip so I transferred money to coin base when I noticed that on coin base BTC is worth 4400 and on bittrex 4130..
How is this possible ? Can't I send money to bittrex directly?
No.
>>3351238
How the fuck is something like this even possible? How isn't the arbitrage nulled by traders?
>>3351238
USDT =/= USD
>>3351370
ETH is sub-200 usd on chinese exchanges
Sites like coinbase usually have buy prices that are lower than on exchanges and sell prices that are higher. At least it's like that for the site that I use (bitpanda).
I think it's both a kind of safety measure and just a way to make profit. (Bitpanda doesn't charge any %, it just has this high buy/sell spread. Usually a couple 100 Euros.)
>>3351370
It's because you would have to transfer USD everytime, maybe also relevant for taxes.
>>3351238
that my friend is the absurd coinbase fees they throw on your purchase
>>3351370
>7% arb opportunity that's not economically viable to arb
The absolute state of crypto
>>3351392
I have Coinbase and Bittrex how the fuck can i get sub 200 eth.
>>3351638
IT'S NOT THE SAME CURRENCY YOU DUMB FUCK
ONE IS USD
THE OTHER IS USDT
NOT
THE
SAME
>>3351238
Use Gdax, my man (min buy is 0.1 btc tho)
>>3351644
OK then what is the USD/USDT exchange rate?
>>3351644
>crypto supposed to be fast
>have to jump thru hoops and wait sometimes hours for 1 transaction
this is why the market is correct in pulling back