Topic: Buy BTC at one exchange, sell it more expensive at another? - page 2. (Read 2924 times)
Now majority of exchanges have huge withdrawal fees and it makes complicated and not profitable to transfer bitcoins between different exchanges. Also, slow transactions makes situation even worse. While your transaction is waiting for confirmations, bitcoin price may change and you will loose opportunity to earn profit.
The most difficult part of this strategy is to get bank accounts in two different countries, because the gaps use to happen between exchanges from different countries. When this difference happens in exchanges of the same country they are not big enough to compensate the fees.
Hey there,
is it possible to buy BTC cheaply at one exchange and sell it more expensive at another one? It seems to me that it might be actually possible.
What are challenges? Are people doing this?
Thank you!
Yes it is that is actually a trading stratety buying low and selling high a cryptocurrency one of the best way to earn a good profit in many exchanger it is really a good source of income in a long term base you can invest in altcoins and bitcoin then wait for the right time to sell. is it possible to buy BTC cheaply at one exchange and sell it more expensive at another one? It seems to me that it might be actually possible.
What are challenges? Are people doing this?
Thank you!
Hey there,
is it possible to buy BTC cheaply at one exchange and sell it more expensive at another one? It seems to me that it might be actually possible.
What are challenges? Are people doing this?
Thank you!
is it possible to buy BTC cheaply at one exchange and sell it more expensive at another one? It seems to me that it might be actually possible.
What are challenges? Are people doing this?
Thank you!
This is very much possible to be done but for me I no longer thinks it worth the stress because at the end of the day one might end up making a loss considering the margin of the reputable exchange sites is not always much and it changes rapidly without any form of notification. Aside that the fees of transferring this coin from one exchange to the other might even erode the little profit and finally the wait period for it to confirm which might even render everything useless by the time it finally drops in the destination wallet, the price has dropped generally across board.
Hey there,
is it possible to buy BTC cheaply at one exchange and sell it more expensive at another one? It seems to me that it might be actually possible.
What are challenges? Are people doing this?
Thank you!
It is entirely possible to do something like this and would be encouraged under most circumstances since it would allow for exchanges to have a more consistent and evened-out exchange rate, something good for outward appearances but likely bad for individuals who make speculating money off of the large differences between each exchange.is it possible to buy BTC cheaply at one exchange and sell it more expensive at another one? It seems to me that it might be actually possible.
What are challenges? Are people doing this?
Thank you!
Challenges are transaction fees and transaction times; both can make you miss out on a deal. I have no idea if others do this kind of trading, but likely some people do. I've thought about it myself.
Hey there,
is it possible to buy BTC cheaply at one exchange and sell it more expensive at another one? It seems to me that it might be actually possible.
What are challenges? Are people doing this?
Thank you!
is it possible to buy BTC cheaply at one exchange and sell it more expensive at another one? It seems to me that it might be actually possible.
What are challenges? Are people doing this?
Thank you!
This method is called arbitraging and many people like me, are using this method to get a certain amount of profit. To do this, you need to first scale the markets. You need to scale down to 4-5 exchanges where you can constantly see the price difference. Then you will have to deposit some amounts in bitcoin as well as in USD in all those exchanges.
Now, once you have the investment deposited, start scaling for opportunities. Once you see a good price difference, buy and sell simultaneously from both the exchanges. The only matter is that, you need to have a good amount of initial investment to start arbitraging,
One of my friend suggested that to me and i search on a number of exchanges and i found that yes it is possible but when i saw at the deposit fees of fiat to exchange then it was very high and in that the profit was there but little.
Of course this is possible, I am pretty sure that there are bots made for buying bitcoin at a low price and selling at a high price. One thing that is the problem with this is the long confirmation times (around a couple of hours) with selling and buying in. With the time you are selling the bitcoin, the price may drop or fall which may result in a loss, especially considering the trading fees.
The only way I would see this is with a large amount of money and a clear set of rules. Say, you would only buy bitcoin at this specific price and sell at this specific price. A bunch of luck would be required to make sure the price of Bitcoin doesn’t fall that heavily when you are awaiting confirmation. This method is called ‘Arbitrage’ and I am pretty sure one of my friends do it.
The only way I would see this is with a large amount of money and a clear set of rules. Say, you would only buy bitcoin at this specific price and sell at this specific price. A bunch of luck would be required to make sure the price of Bitcoin doesn’t fall that heavily when you are awaiting confirmation. This method is called ‘Arbitrage’ and I am pretty sure one of my friends do it.
Never thought about this. I don't think the price on different exchangers is much different. What you will have from this plan? Couple of dollars? Ordinary trading seems much profitable to me, add to that there is apps which provide automatic trading like C.A.T., you just need to turn it on and it will start to trade instead of you.
Base in my trading strategy i just bought to other exchange site and i sell in other exchange site but i'm not transferring my bitcoin to other exchange site because of the fee.. i have already some funds in other site just to make a profit and the advantage of you had already funds in exchange sites or trading site.. because the fee right now for transferring your funds are increased these days..
In theory this may look okay but it's not possible to do it in real because you can't be having bank accounts and capital in different parts of the world.
Of course, it is possible. You can buy from one exchange and sell it in a different exchange in a expensive rate. The only matter is transaction time. Because it need time to confirmation.
Yes,it's possible to buy in cheap price and sell in a expansive price. But there is problem in transaction time. it's takes time to confirm the transaction.
Hey there,
is it possible to buy BTC cheaply at one exchange and sell it more expensive at another one? It seems to me that it might be actually possible.
What are challenges? Are people doing this?
Thank you!
is it possible to buy BTC cheaply at one exchange and sell it more expensive at another one? It seems to me that it might be actually possible.
What are challenges? Are people doing this?
Thank you!
Maybe in the past it's working but if we will based it to the current bitcoin network status, it's not the best thing to do. Price moves a lot even at every second so we don't have no time to waste especially when there is bull market. Include also the fees and confirmation time.
What if the coins on the way got stuck and got a problem as most of the exchanges are experiencing this now because of heavy volumes, it's a problem now and you need to wait for shit response from those exchanges which will take even for weeks. I see this method as good way to earn extra income back then but realized it's not that easy as I think as sometimes it will not go to the thing I really want to happened.
Given the timing of the operation, will it work?
I agree that this is possible in theory but in practice this is not working because there are a number of reasons listed above. I agree in this matter with the comments of others
While this is something that people do do in other markets, it's something that isn't going to work in bitcoin for a good amount of reason. Starting with the easiest one to go off on, is going to be the part that Bitcoin is something that's going to take time to confirm when you send it-- even with the highest fee it should still take around 5-10 mins to confirm. With this, you're not going to be able to beat coders who have bots and all created to be able to read the market and handle all of this with ease.
Number 2 is going to be the part that you have to be on MULTIPLE EXCHANGES which is going to take time to get situated on as you usally need all the KYC stuff which is a pain in the ass, and if you're in the US you're kinda stuck on only a few BTC exchanges -- which again sucks.
IT COULD WORK, but probably won't due to the time needed to do all this giving way for a correction to occur on the exchanges which would make you just waste time, money, or both.
Number 2 is going to be the part that you have to be on MULTIPLE EXCHANGES which is going to take time to get situated on as you usally need all the KYC stuff which is a pain in the ass, and if you're in the US you're kinda stuck on only a few BTC exchanges -- which again sucks.
IT COULD WORK, but probably won't due to the time needed to do all this giving way for a correction to occur on the exchanges which would make you just waste time, money, or both.
It is possible, but fees and time make it non-pratical, unfortunately.
Perhaps this idea can be more fruitfully actualized with altcoins? Some have big price differences on exchanges (like that famous story with eth and Kraken) and the transactions proceed a lot faster. The prices change faster too, though. But they mostly just grow. The only disadvantage is the potential need of different wallets to do such things with different coins and this can be hard, because you have to get used to each wallet. The fees in certain occasions might also be a hindred. 
Calculate the fees, the waiting time for confirmation and see yourself.
Or just do it and see yourself if it is possible.
Or just do it and see yourself if it is possible.
Hey there,
is it possible to buy BTC cheaply at one exchange and sell it more expensive at another one? It seems to me that it might be actually possible.
What are challenges? Are people doing this?
Thank you!
Well, it is possible! ATM there's $50 difference between Btc-e and Bitstamp, but arbitraging BTC is painful. long confirmation hours may kill your chance. better do it with altcoin which has faster confirmation time. is it possible to buy BTC cheaply at one exchange and sell it more expensive at another one? It seems to me that it might be actually possible.
What are challenges? Are people doing this?
Thank you!
Jump to: