Arbitrage between Bitstamp and Bitcoin.de?

GreenCoin22

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Quote from: cozytrade on September 02, 2014, 06:27:13 AM

Bitcoin.de is EUR based as opposed to Bitstamp being USD.
What forex exchange do you use and commissions/spread are?

Quote from: manicminer on August 18, 2014, 02:04:52 PM

Can you enlighten me about market forces that makes prices on Bitcoin.de consistently higher (about 4 to 5%) than on Bitstamp? Since, say, last week since price dropped to near $500 and I began to closely watch.

This is the most serious problem Sad

cozytrade

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Seabet.io | Crypto-Casino

Bitcoin.de is EUR based as opposed to Bitstamp being USD.
What forex exchange do you use and commissions/spread are?

Quote from: manicminer on August 18, 2014, 02:04:52 PM

Can you enlighten me about market forces that makes prices on Bitcoin.de consistently higher (about 4 to 5%) than on Bitstamp? Since, say, last week since price dropped to near $500 and I began to closely watch.

BTCjust

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fees not only from the exchange, you have clear up all the costs, such as bank

itsAj

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Quote from: Xer0 on August 24, 2014, 10:22:02 AM

yes, most banks will kick you with 4-digit sums going in&out daily
except you have a corporate account and some bank stuff license

I don't think it is so much about how much money you have going into and out of your account, I think the amount that you have going into and out of your account when compared to the total amount you have on deposit with them and the total amount of your income. If you make $300,000 per year, then it would not be unexpected to have $2,000 (or more) get deposited and withdrawn every week, but if you only make $50,000 per year, then $2,000 per week getting deposited is more then twice the amount of your pretax income.

Xer0

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°^°

yes, most banks will kick you with 4-digit sums going in&out daily
except you have a corporate account and some bank stuff license

itsAj

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I generally would recommend against trying to arbitrage. When you attempt to arb you are really exposing yourself to a lot of risk as you are not 100% sure that either exchange will be able to pay out your fiat and BTC. I would also guess that 90%+ of bank accounts that are closed are at least somewhat related to people trying to use their bank accounts to facilitate arbitrage.

joesmoe2012

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Ching-Chang;Ding-Dong

Quote from: manicminer on August 20, 2014, 02:41:33 AM

Quote from: joesmoe2012 on August 19, 2014, 02:18:58 PM

There is a small arb opportunity here, but its not easy to automate with bitcoin.de as far as I remember.

"Me personally am not so much interested in the arbitrage business just interested in how market mechanisms work here."

Quote from: joesmoe2012 on August 19, 2014, 02:18:58 PM

Additionally bitcoin.de is only available to residents of germany last i checked?

Not true.

What is it just EU residents then? I remember getting my account frozen as an american ages ago.

manicminer

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Quote from: joesmoe2012 on August 19, 2014, 02:18:58 PM

There is a small arb opportunity here, but its not easy to automate with bitcoin.de as far as I remember.

"Me personally am not so much interested in the arbitrage business just interested in how market mechanisms work here."

Quote from: joesmoe2012 on August 19, 2014, 02:18:58 PM

Additionally bitcoin.de is only available to residents of germany last i checked?

Not true.

joesmoe2012

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Ching-Chang;Ding-Dong

There is a small arb opportunity here, but its not easy to automate with bitcoin.de as far as I remember.

Additionally bitcoin.de is only available to residents of germany last i checked?

manicminer

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Quote from: bounst on August 18, 2014, 11:57:36 PM

the fee is not cheap, little arb could do

Difference in price is around 4-5%; fees are around 1%.

Me personally am not so much interested in the arbitrage business just interested in how market mechanisms work here.

bounst

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the fee is not cheap, little arb could do

manicminer

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Can you enlighten me about market forces that makes prices on Bitcoin.de consistently higher (about 4 to 5%) than on Bitstamp? Since, say, last week since price dropped to near $500 and I began to closely watch.

Topic: Arbitrage between Bitstamp and Bitcoin.de? (Read 1585 times)