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Topic: arbitrage from btc-e to bitstamp - is it worth it? (Read 3454 times)

sr. member
Activity: 364
Merit: 250
I'm really quite sane!
I think you have to monitor all the exchanges for opportunities..

Im working on bringing up a website AIOBTC which can facilitate many things. I have researched arbitrage and I think it has dies up since mt. gox went down. Do you think that if we have a huge amound of money, say 100 BTC to trade daily
can we make profits without any risks?
You can probably make a large amount of money on a relative scale however this will not be reflective of your overall performance. On a percentage basis you will probably not do all that well (on a NPV basis)
legendary
Activity: 965
Merit: 1000
No. I think there's always a risk. And another problem is, that you might need lots of currencies. Maybe like 100 or so. I'm working at the moment to run lots of wallets on a machine.
hero member
Activity: 854
Merit: 500
I think you have to monitor all the exchanges for opportunities..

Im working on bringing up a website AIOBTC which can facilitate many things. I have researched arbitrage and I think it has dies up since mt. gox went down. Do you think that if we have a huge amound of money, say 100 BTC to trade daily
can we make profits without any risks?
legendary
Activity: 965
Merit: 1000
I think you have to monitor all the exchanges for opportunities..
full member
Activity: 231
Merit: 100
Bitstamp fee is high, and its a very tedious verification system for aml/kyc, why not choose LakeBTC to replace it?

ok i will ge tto LakeBTC!
sr. member
Activity: 364
Merit: 256
There hasn't been arbitrage that offer high profit since gox died, and that is the truth, now you need skill to know which direction something will go, however manipulators never cares about that, they just dump to hell or pump to heaven
member
Activity: 80
Merit: 10
why not buy on btc-e, sell on lakebtc
bitstamp sell price is not highest, and its fee not cheap.

whats lakeBTC fees and whats the spread?

also.. whats the verification process? Smiley

agree, lakebtc is more suitable for arbitrage, higher price than bitstamp but cheaper fee, ( price http://bitcoincharts.com/markets/) and the fee you can see https://lakebtc.com/s/fees?locale=en

the process is a one-time, they never again ask you to provide any proof, if you pass the verification, deposit and trade need not verification, even fiat so, and withdraw btc is also no verification, but withdraw fiat must need verification.
member
Activity: 80
Merit: 10
Bitstamp fee is high, and its a very tedious verification system for aml/kyc, why not choose LakeBTC to replace it?
newbie
Activity: 53
Merit: 0
Arbitrage works best with software and extensive capital on both exchanges.
sr. member
Activity: 381
Merit: 250
Yeap, when you have 0.1% fee on BombayBitcoinBourse.com - certainly worth it !

I just heard and saw this site almost in 10 threads today, is it safe, did you use it for arbitrage?
legendary
Activity: 965
Merit: 1000
I wrote website scraping code for btc-e to to withdrawals, but I'd rather avoid it these days.
hero member
Activity: 647
Merit: 501
GainerCoin.com 🔥 Masternode coin 🔥
Thanks for the pointer. But it seems they don't have an API there yet, that could be used for automated trading?

I don't think you need an API to use automated trading (although I believe both bistamp and btc-e allow api access). All you need is to give your bot your account credentials and if your bot is created correctly it can access your account and execute trades, even via their website
full member
Activity: 231
Merit: 100
so this is not as easy as i thought Sad
legendary
Activity: 965
Merit: 1000
Thanks for the pointer. But it seems they don't have an API there yet, that could be used for automated trading?
newbie
Activity: 16
Merit: 0
Yeap, when you have 0.1% fee on BombayBitcoinBourse.com - certainly worth it !
member
Activity: 69
Merit: 10
why not buy on btc-e, sell on lakebtc
bitstamp sell price is not highest, and its fee not cheap.
here is its arb plan can be refered https://bitcointalksearch.org/topic/a-realistic-arb-plan-buy-btceusd-sell-lakeusd-just-need-a-trading-bot-765074
hero member
Activity: 647
Merit: 501
GainerCoin.com 🔥 Masternode coin 🔥
I wrote me a bot to check for this kinda arb, but never actually tried it, since I don't have the bank accounts to return the money.

This is the problem with trying to execute arbitrage. In order to do so that results in any kind of meaningful profits, you will need to transfer significant amounts of money through your bank account and this will likely result in your bank looking at your with suspicion and closing your account.
full member
Activity: 231
Merit: 100
I wrote me a bot to check for this kinda arb, but never actually tried it, since I don't have the bank accounts to return the money.


i have option of loading BTC-E with USD and have optio nfo withdrawal USD from bitstamp so i would like to try.
btc-e loading costs a bit in fees.
legendary
Activity: 965
Merit: 1000
I wrote me a bot to check for this kinda arb, but never actually tried it, since I don't have the bank accounts to return the money.
sr. member
Activity: 1512
Merit: 292
www.cd3d.app
why not buy on btc-e, sell on lakebtc
bitstamp sell price is not highest, and its fee not cheap.

whats lakeBTC fees and whats the spread?

also.. whats the verification process? Smiley

complete exchange review here https://bitcointalksearch.org/topic/bitcoin-exchange-reviews-collection-the-most-complete-695082  Wink

lakebtc fee is quite cheap for now, and the verification is need by wiuthdrawal
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