Topic: Arbitrage Opportunity - Easy Money - Using Korean Exchange. (Read 336 times)

Okay so when you sell the btc in the korean exchange, all the money is in the korean exchange right?  Thus its in korean dollars?  Thus you need to convert the korean dollars to something else right?  So would it be hard to convert it to say paypal funds?  Because if you could get it to paypal, you could then send paypal to the person in the us etc right?

Arbitrage is a great way to profit but difficult to trust other people you don't know. That's why I believe in this ICO bc they are aiming to make crypto easier to enter for all with their novice friendly UI and the first ever arbitrage exchange that will allow for less market volatility which keeps so many inexperienced and afraid people on the sidelines. Arbitrage will provide a greater opportunity to profit in this economy.

https://bitcointalksearch.org/topic/m.31823480

I know this might sound obvious... but what if you just withdrew the cash then used that to buy USD at anight airport?

Or buy a debit card and fill it with your bank account, then send the debit card overseas...

And Koreans can use paypal, yes? So they can convert to paypal funds too.

If all fails... just buy gold or silver at a gold/silver exchange, thus converting your funds to gold /silver, then giving the exchange account access to your partner?

This is most likely a scam.

There is no easy way to do this because the problem is getting the money out of the country.

This has been tried many times in the past.

Kevin is not answering my emails...

I read the post, sorry that I neglected to check the date, that's my mistake.

However, you are mistaken, I am not offering advice, I am curious as to how that would work an it is a question that I am asking. Therefore they can still answer it now even 2 months later.

If you had bothered to read the post, you would have realised that this first post was made on the 9th of January which is close to 2 months from now and the opportunity for what is being discussed here has been eradicated already for your advise to have been worthy of any consideration at all. The people who.engage in such activity know the risk involved at the time and they know how to protect themselves against all of that without having to rely on your unsolicited advise.

I have one question. Even if you found someone to do this with and the trust was 100%.

Will the authorities/exchanges not question why you keep sending large bank transfers to the US? I can only think this would be flagged pretty quickly and stopped based on some legal ruling.

Hi [email protected], i will email you separately.

thanks
Pat

Hi Kevin,

I'll send you an email about this. I'm in Turkey and we have a similar situation here, BTC is typically priced at a 600-1200 USD premium here, but if Korea is even more profitable I'm happy to do it with you.

Let me know.

All the Best,
Vispilio

I'm Kevin, I have been in this crypto for 8 months now.
I am a Korean, and I have working bithumb and upbit accounts.

As you know bitcoin and ethereum and all coin prices on Korean exchanges are high.
The lowest margin profit was 3% and the highest was 52% (yesterday).
Basically, you get 0.8 bitcoin for free by buying $50,000.00 USD worth of bitcoin outside Korea,
then selling it to Korean exchange.

So if it's this good, why don't I take all the profit alone?
Well, I did make huge money until the banks in Korea now starts rejecting.
https://www.reddit.com/r/btc/comments/7or3q9/genuine_question_about_korean_exchange_arbitrage/
If you read the post, I wrote that Korean banks are blocking international bank transfers to exchanges now.

So I am stuck here.
I am willing to work with any traders from outside Korea who is able to receive USD from me and
buy from non-Korean exchange and send it to me through wallet. Then, I cash out here in Korean exchange and
split the profit and send it back to you. Repeatedly. I own a company here in Korea with open addresses.
I have no intentions of scam or cheat or any sort of those crap. Just a dude who wants to spread the crypto and
win together. Also, I am not looking to do this with

Shoot me an email if you are interested: [email protected]

And, if you are a non-Korean who is trying to do arbitrage in Korea.
It is not going to work for now, maybe few months later.
You probably already know this but the government banned
all foreign registrations and dealing with Korean exchange is pain in the ass.
You get your account on hold for trying to sending your own bitcoin to your private wallet...
Seriously...