Bitcoin Forum

I was about to sell some BTG and opened Coinmarketcap and checked the price. I was amused with the price differs at different exchange.
Currently its about 0.0028 btc per btg at 99% of the exchanges, but at Yobit its at 0.0014btc per BTG. why is the big difference in Yobit price?
And can we simply buy at yobit and move those coins to another exchange like hitbtc and sell at double price?

Logically speaking if everything is fine, we can do that and this thing is called arbitrage. But, the problem is YOLOBIT aka YOBIT is not a trustworthy site. They scammed a lot of people, and it is not surprising to see your deposit on hold because of some issue with their wallet.
I have been seeing some people complained about their deposit issue and it has been a year, they have yet to fix it up. Even though everything went normally a few days later, I do not recommend you to go to that scammy site. It is not worth, your time and your money.

Heh lets try to withdraw BTG from Yobit  :D
The wallet is not working and there is no info when it will work. The situation appeared when Bittrex delisted BTG

Aaah ok, now tell me where should I sell BTG? I have saved some in my Nano S ledger. Is hitbtc safe? I also heard bad things about them as well.

Yobit don't have positive feedback in the recent days so if you are trusting them and depositing any money then you may fave many problems like withdrawal meeds take too longer or forever.So no ine is here is stupid to let that kind of profits but they understand that it maybe a trap to get some BTC scammed.

It's because of wallet sync problems from Yobit side. If you click on withdraw, you will get "Wallet status: Maintenance".
When you stop an arbitrage with big difference, in 99% of cases there is sync wallet problem from one side or the other and in reality there isn't arbitrage at all.

Yobit is not a trustworthy site becareful... you can decide to buy bitcoinGOlD there and get stock by not been able to withdraw your fund... so be sure the site is working fine before you make any transfers

I would use changelly or a similar service such as instaswap or coinswap, easyrabbit... All those services are kyc free, no withdrawal fee etc... So you will trade your btg safety and cheap

I'm sorry to say that, but in fact Yobit is one of the unclear exchanges with fake volume and fake price.

My suggestion is better you search which exchange that has a big price than the other exchange and then you can send your BTG into that site to sell. Don't be confused if the other site has a lower price because there will be many factors that can cause that thing. So you just need to pick the higher price from the list and go to the exchange, see how good the price movements, and then decide if you really want to send your coin into that exchange or another exchange.

Whats problem with Binance? Sent and sold BTG several times here with no issues. Also you even don't need to KYC procedure unless you would like to withdraw more than 2 BTC daily

I do not like Yobit exchange and it looks like scam. I would not recommend to deposit any funds on this exchange and to hold your coins there. Withdrawals are taking very long, absolutely poor service and support.

I don't suggest you to use the exchange at Yobit, because what they say is true also yobit is an exchange that has a lot of problems so we have to be careful, I'm safer on hitbtc because I often use that exchange.

It is recommended that you do not sell any coins on Hitbank, there have been many complaints that withdrawing coins from this exchange takes a lot of time on reddit. And HitBTC is a trading platform that receives lots of money to list tokens in 2017 and 2018, making lots of coin trash on here.

Hitbtc is safe and it's much better rather than ue yobit because it has very well known as the worst exchange site in the world. I have used hitbtc yesterday and all of things are running smoothly. you can sell them all through hitbtc.

Every exchange will have the different price, none will have similar, until its point. You need to know, logically, the market of whatever will may have different fee, volume, and also traders or investors. That is why, they may have the different price each.

I will definitely do that because it's a clear profit, but unfortunately you are running a risk of losing your investment because as everybody here knows that YoBIT is not a trustworthy exchange, so many complaints about deposit and withdrawal, it's a gamble but if you succeed then it's a good profit for you.

Yobit trading platform is heavily manipulated to attract people to get in their market so they can do arbitrage, but unfortunately, it is quite risky, if you are a newbie and you try to do that, they will give you problems either in your deposit or your withdrawal, so be warned.