Bitcoin Forum

Other => Beginners & Help => Topic started by: hjordan on September 07, 2013, 12:58:45 PM



Title: Arbitrage trading
Post by: hjordan on September 07, 2013, 12:58:45 PM
I understand BitInstant is the cheapest way to transfer funds from Mt. Gox to BTCE (1.5%), but orders are suspended at the moment. I was thinking about doing arbitrage trading as the difference in price between these two sites has been $14 recently. If I withdrew funds to my bank and then redeposited them, would it be worth it after all charges? The only thing which is hard to factor in is that a rubbish exchange rate is like a hidden fee.


Title: Re: Arbitrage trading
Post by: kingsportzrulz on September 07, 2013, 01:45:18 PM
Good luck. i hope you succeed.
But its not so easy getting funds in/out of exchanges (to varying degrees).


Title: Re: Arbitrage trading
Post by: b!z on September 07, 2013, 03:16:28 PM
It's hard to get fiat out of gox, i advise you against it