Topic: Make profit using different exchanges? - page 3. (Read 3234 times)
Yes that's basically the point of arbitrage. Although with 3 or 6 confirmations on most exchanges you would probably have to prefund the separate accounts prior to trading.
Arbitrage.
If you search there are bots for this as well.
If you search there are bots for this as well.
Hi
I realized that prices from all exchanges are different, but could you actually make profit from this?
For example:
Price of Hitbtc is 240$/btc, however the price of bitstamp is 220$. So is it somehow possible to buy tons of bitcoins from bitstamp and sell it at hitbtc for a 20$ profit per Bitcoin?
I dont have that much money to invest though, so I didnt try.
Tell me your opinions!
I realized that prices from all exchanges are different, but could you actually make profit from this?
For example:
Price of Hitbtc is 240$/btc, however the price of bitstamp is 220$. So is it somehow possible to buy tons of bitcoins from bitstamp and sell it at hitbtc for a 20$ profit per Bitcoin?
I dont have that much money to invest though, so I didnt try.
Tell me your opinions!
Yes. This is called Arbitrage. To do this, you need to have FIAT deposited in the exchange from where you are buying. Else the price will vary when you move the FIAT.
http://en.wikipedia.org/wiki/Arbitrage
This idea is more old than you.
Remember that to make this you need to move fiat, and this means a few days to finish the whole process, so there's the risk of the price falling even more.
This idea is more old than you.
Remember that to make this you need to move fiat, and this means a few days to finish the whole process, so there's the risk of the price falling even more.
Hi
I realized that prices from all exchanges are different, but could you actually make profit from this?
For example:
Price of Hitbtc is 240$/btc, however the price of bitstamp is 220$. So is it somehow possible to buy tons of bitcoins from bitstamp and sell it at hitbtc for a 20$ profit per Bitcoin?
I dont have that much money to invest though, so I didnt try.
Tell me your opinions!
I realized that prices from all exchanges are different, but could you actually make profit from this?
For example:
Price of Hitbtc is 240$/btc, however the price of bitstamp is 220$. So is it somehow possible to buy tons of bitcoins from bitstamp and sell it at hitbtc for a 20$ profit per Bitcoin?
I dont have that much money to invest though, so I didnt try.
Tell me your opinions!
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