Topic: btc-arbs.net - Anyone use them to earn interest on their BTC? (Read 915 times)
obvious scam. obvious shill
The problem with arbing bitcoin is moving USD between them. Assuming 1% transaction fees (moving money around), that implys that a 1% difference can persist between the exchanges (or $6 at a $620 btc/usd price).
If they are getting 1% daily returns, it should not be hard to find a handful of whales to bankroll them.
I doubt that they need much money. Certainly not enough to be worth investing in creating an individual account system and all the processing hassles. The daily volume on bitstamp is $7 million USD. I doubt they would need more than 1% of that to arbitrage, or about $70,000.
If they are getting 1% daily returns, it should not be hard to find a handful of whales to bankroll them.
I doubt that they need much money. Certainly not enough to be worth investing in creating an individual account system and all the processing hassles. The daily volume on bitstamp is $7 million USD. I doubt they would need more than 1% of that to arbitrage, or about $70,000.
Hmmm I may consider putting a small amount there to see what happens...
I don't know if they are legit, but after dropping 3 btc there yesterday i was able to withdraw 2 BTC (with 1 hour 30 delay approx)
Obviously all signs of a HIYP, and being careful is always recommended.
Don't put more than you're willing to throw away,
Obviously all signs of a HIYP, and being careful is always recommended.
Don't put more than you're willing to throw away,
no but it looks like a hyip they'll probably evaporate in a month or so
Has anyone used this site btc-arbs.net? They are claiming to offer daily interest on all BTC deposits. Looks on the up and up but I am not sure whether to trust them yet or not.
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