Bitcoin Forum

... BTC translations were fast enough you could easily buy on bittrex and sell on poloniex. but BTC is so slow.

BTC-USDT price in both polo and bittrex is almost same so there is no any opportunity to make arbitrage trading. There is no any difference not even of 5%.

BTC will always be seen slow against arbitrage trading because it takes 6 or more confirmations at both the exchanges to credit the BTC and make it available for trade. Though, the difference, like you think, is not even that much to curb with the fee that they normally charge over a buy/sell trade, so leave the idea of arbitraging at these two exchanges and find something else.

...usually, when it appear a good opportunity for spread trading, you go to place the order to Exchange, and you see who there are no volume on the chosen pair...
and the opportunity vanish in a second...
with all this BOT around, spread trading is dead.

Yes, I agree with you..spread trading is dead.

I think every exchange sites are put a single confirmation to confirming the funds already received by the exchange site. I don't ever see the exchange site which it puts 6 confirmation just for confirming a funding from their users.
10 minutes for every confirmation with $0.5 fees. But it will get a lot of the fees for every arbitrage trade. The volatility has made it impossible.

here, i not agree...
if you want to do spread trading, you need to have an huge capital.
And you divide all this capital between the Exchange where you want to do spread tradin.
if you are focused in spread trading between USD and BTC, monitoring 10 Exchange,
in all this 10 Exchange, you need to have, USD and BTC...
and when the spread opportunity appear, you put 2 orders at the same time, in 2 Exchange...
thats all.

The amount of actual cryptocurrency arbitrage bots isn't very high.  In fact, I couldn't name any right now, only trading bots.

Arbitrage, especially with multiple exchanges, needs at least a little bit of a human touch and people with experience.  If there are bots that exist, they'll be mostly in private and hard to get just because of how many things that could go wrong that could damage the coder's reputation.

It's too cumbersome for me to trade from exchange to exchange because of the time it takes and the fees. It's also a lot of extra work to follow multiple exchanges. If people can make money that way, they deserve it because it's a lot of work.

5% is a huge difference. I usually just look for maybe 1 or 2% with any given coins and even that is hard to find with all of the bots constantly having 1 satoshi at a time bidding wars.

and yobit? while i am writing the price on obit is 1265.61880727$.
poloniex is 1315.53231315 USDT.

is this just because obit does not have USDT? They have $ but you can't withdraw to a bank account. just some strange things i never heard off.

OkPay (4%)
Payeer (Free)
AdvCash (3%)
PerfectMoney (2%)

Well, i think both are the same, albeit somewhat different. But, i prefer to trade in bittrex. I do not know why, but trading in bittrex makes me better at analyzing. Maybe the display is more simple. Well, bittrex is enough for me to do the exchange

Why not you keep enough funds on both poloniex and bittrex to make sure you will be catching the gap but not going for the actual funds movement ? I guess if you think over in depth, you may find a better version of what I am trying to say.

You can move funds later when you find prices converging and make ready yourself for another round of arbitrating....

what is "used" price ;D
it is either USD or USDT and both in capital letters.

in any case this is another topic about this method of trading called arbitrage. and yes it can theoretically work but only because in your theories you are ignoring so many facts. for example you are not factoring in the withdrawals fees. when it comes to fiat there are % based fees and also delays and on top of that if you start doing it a lot with considerable size money your bank will think of shady activity and may block your account.
and those 4% 3% that you saw are very real and there are more fees where that came from.

solution slow transaction confirmation bitcoin can incraese sending fee, but still caclulate sending fee to price if want arbitrage
you want arbitrage BTC to USDT or BTC to altcoin
sending fee USDT is big too so if arbiratge must have much capital money

Other than getting rid of slower bitcoin network confirmation, I did experience the slower withdraw processing with poloniex. I guess now a days they are processing withdraw in batch or they are facing the problem of bottleneck with their rapid volume growth.

So, we cannot be sure about catching good prices in bittrex with the funds which are being withdrawn from poloniex. There are lot of real time hurdles to kill most of the arbitrage trading opportunities.

It's because YoBit is extremely unreliable.  No one can guarantee that they'll get their money out - same reason why people aren't trying to even out the price on Bitfinex with the huge premium.

these aren't strange, these are online fiat wallet thingies just like PayPal. you just haven't heard of them. i am using PefectMoney and it is somewhat similar to others but with less adoption!

and BTC price in $ is higher on yobit because nobody trades there!

I just checked bitcoin prices : bitstamp is trading at  $1237.66 and bitfinex is nearing ATH $1349.0 and finally preev is showing bitcoin prices as $1301.

Not just with altcoin trading, the arbitrage is available even with bitcoin/fiat trading. I'm not sure about how to make use of these price differences as it is involving moving both fiats and bitcoins exchange to exchange which is a big headache to me.

Yes its true, they are both the same in terms of pricing in bitcoin. Only the difference was the transaction charge I think, because In polo  there charge was 0.0005BTC per transaction, while in Bittrex was 0.0002BTC per transaction only.

The fact that transactions are slow is something that makes it difficult to get the values close to each other. I think that once the transfers become faster, there will be a smaller price difference among exchanges.

I agree with you, I think the price difference between the exchanges is due to a long a transaction. :D

i think they're not depending on preev.com and they had different ways on how they can manage the price of bitcoin even the bitcoin transaction are fast when it comes the block it will become slow even the transaction fee you paid is high i also i think blockchain can't handle 300k transaction everyday and it becoming slow too.i go with poloniex im using this since then.

So far, I've used other resources, but it's time to make a choice between bittrex and poloniex. I'm still not ready to answer who is the best, but I want to listen to your advice.

If any new coin goes into the polo and the coin is already in bittrex then this difference is usually very much 20 % or more. It is very profitable. Just requires speed and accuracy in comparing prices.

I don't think that btc is not much slow , because if we can pay the fee of 1-2$ then we can confirm the amount of btc that we send .So such types of chance rarely came in the exchange to exchange , so if you can pay more then you can make more .
Well  here even with the fee of 0.0005btc you need to wait atleast for 10-15 minutes for even a single confirmation .
Currently due to large no. Of the transaction such types of problems are usual for us now :(
It is more better to have btc and USD at two exchange equally and make buy sell speedly .