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Topic: ARBITRAGE APP - OVER 9000 PAIRS ACROSS 37 MOST POPULAR EXCHANGES - page 6. (Read 2071 times)

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Some of you had previously raised concerns about the legitimacy of this free service.

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I still think you are trying to scam people. Because yes, you might be lucky to make money with arbitrage. But there are the fees and all the risks and the problems to withdraw.  And you aren't talking about all those problems. If you really would like to help people with arbitrage, you would tell everyone about those risks/problems, but instead you make it look like it is easy and riskless money.

or

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Completely rubbish and misleading posts by you. For all the novice traders out there licking their lips, dont fall for this nonsense.  First off the sites you show in your example like CEX.IO don't allow fiat withdraws. Secondly and its a big one, the others charge 5% withdrawal fees to services like perfect money.

FLAWED and rubbish, you obviously are just looking for attention. If the method truly worked then you would be a complete retard for openly making it easier for people to notice the arbs.  

So to summarise.
- Most sites listed on his site are scammy and don't allow fiat withdrawals (cex.io)
- Most sites charge up to 5% withdrawal fees to get fiat out.
- OP is most probably promoting the scammy exchanges, do not fall for this.


this above is enough to cover what has been said by some of the "TOP forum philosophers" Smiley


To clear things our further, I took my time by adding fees from every single exchange listed on https://www.arbitrage.expert. So.... before you do anything, look at the fees on the reverse side of each arbitrage block. This should give newbies a better set of ammunition for success.

Please note: some exchanges got a tendency to change deposit / withdrawal fees based on demand and current market situation.. with that in mind, I've added a hyperlink, leading to the exchange's fees page.  I'll be also implementing an option to edit values (similar to wikipedia format). If you find discrepancy in the fee values, please don't hesitate to contribute by editing with a correct value. Myself as well as your fellow traders will greatly appreciate this Smiley






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Merit: 40
Update:

-Added Deposit/Withdrawal/Taker/Maker Fees





Enjoy Smiley


@smstobitcoin how are you feeling?
member
Activity: 420
Merit: 40

Multiple potential arb opportunities


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Activity: 420
Merit: 40
Multiple arbitrage opportunities...

member
Activity: 420
Merit: 40
member
Activity: 420
Merit: 40
What are the pros and cons in bullet points?

Cons are most the exchanges he shows as arbitrage opportunities are scams and you'll never be able to withdraw, and the volume is so low you might make a whopping 20%.. on $1. Smiley He just wanted attention.


Dude, you're such a hater.. go wash my car instead of making incompetent comments Smiley
member
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Well, it's also necessary to have funds on the stock exchanges at the same time, then it will be profitable, and while you are distilling between the exchanges, the price may not go to your side, then what to do?


Then, you're out of luck Smiley In my practice, 8 out of 10 times the odds were on my side, unless of course the bitcoin gets stuck in mempool unconfirmed. It happens when you send btc from off exchange wallets and the miners fee is lower then priority. It happened to me several times back in december, when the Bitcoin was dancing. The average transfer time frame for most other popular coins is less then 10 minutes.
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Well, it's also necessary to have funds on the stock exchanges at the same time, then it will be profitable, and while you are distilling between the exchanges, the price may not go to your side, then what to do?
member
Activity: 420
Merit: 40
What are the pros and cons in bullet points?


What are you talking about?

What are the cons(disadvantages) of buying in an exchange with a low price and selling to the other exchange with a higher price?


The price may change between pairs while moving/ processing coin, unless you already have both exchanges funded with either fiat or crypto.
legendary
Activity: 1204
Merit: 1000
What are the pros and cons in bullet points?


What are you talking about?

What are the cons(disadvantages) of buying in an exchange with a low price and selling to the other exchange with a higher price?
member
Activity: 420
Merit: 40
What are the pros and cons in bullet points?


What are you talking about?
legendary
Activity: 1204
Merit: 1000
What are the pros and cons in bullet points?
member
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Merit: 40
Great BTC/USD Arb Opp.


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Merit: 40
Good Apps there,
I hope you it's still will be updated with adding some new coins and will be remain free  Grin.
Yes sometimes i'm using atrbitrage especially buying on small exchanges and sell it to major exchanges but i'm using CMC as my source information for the pricces

It was made to stay free Smiley
sr. member
Activity: 770
Merit: 298
tozex.io
Good Apps there,
I hope you it's still will be updated with adding some new coins and will be remain free  Grin.
Yes sometimes i'm using atrbitrage especially buying on small exchanges and sell it to major exchanges but i'm using CMC as my source information for the pricces
member
Activity: 420
Merit: 40
member
Activity: 420
Merit: 40
Quote

Please do. That's a major reason why I don't utilize arbitrage opportunities. I've seen a lot of such opportunities but the fees is one thing that turns me off. But If I know the fees schedule beforehand, It'll go a long way to help me decide whether or not to make a move on an arbitrage opportunity.

Btw, You're doing a great job

Most exchanges got a tendency to change the fees, since the these are  being fetched manually from each of the 37 exchanges, frequent updates would be required. Automation the process wont be possible, due number of reasons. For now, the only solution to the accuracy will depend upon user contribution (wikipedia type of format). A link to each individual exchange's fee schedule will be provided for cross-referencing.  Each fee value will be editable by the user, it will be up to you guys to keep this stuff updated. At the end of each day an admin or another contributed with admin privileges will validate / approve or deny the suggested fee.

Does this sound like a manageable model, until I figure out how to automate this?


hero member
Activity: 2212
Merit: 805
Top Crypto Casino
A good one indeed.

How are people getting around the 3% cryptocap withdrawal fees ? 

Euro bank transfer or simply trading back into crypto


Depend on exchange...I'm going to add Fee schedule for every exchange within the next few days.. it should shed some light into more solid ROI.

Please do. That's a major reason why I don't utilize arbitrage opportunities. I've seen a lot of such opportunities but the fees is one thing that turns me off. But If I know the fees schedule beforehand, It'll go a long way to help me decide whether or not to make a move on an arbitrage opportunity.

Btw, You're doing a great job






member
Activity: 420
Merit: 40
A good one indeed.

How are people getting around the 3% cryptocap withdrawal fees ? 

Euro bank transfer or simply trading back into crypto


Depend on exchange...I'm going to add Fee schedule for every exchange within the next few days.. it should shed some light into more solid ROI.
member
Activity: 420
Merit: 40
a best arbitrage site in my opinion.
can be accessed easily and for free..

can I share this site for general use in my trading group?

because I think it can make us more practical in arbitrage without checking the price one by one from every market

and do not forget I thank you for you, because I've tried your site and very precise and accurate.

Absolutely. I made this site for you guys to take advantage of. Will be adding more exchanges in the next few weeks.
I have suggestion: Why not make a cryptocurrency using this platform. You already have a platform and I think your ICO if ever will be successful because it really works. I highly recommend this app to day-to-day traders.

How would it benefit the community and investors?
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