Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: sameev29 on May 01, 2014, 10:18:35 AM



Title: Would you transfer BTC or other altcoins instantly for a small fee?
Post by: sameev29 on May 01, 2014, 10:18:35 AM
Suppose prices of bitcoin or any other altcoin is different at exchanges.You want to buy from the low price exchange and sell it at high price exchange to make a profit.But you can't do it due to high time required for the transfer and in that time your profit will be gone because of price changes accordingly.

Now,if you were given the chance to transfer BTC or other altcoin instantly from exchange to exchange for a fee like 0.5% or 1% of the total coins in the order,would you like to use the service?

Please leave any suggestion or thoughts here.


Title: Re: Would you transfer BTC or other altcoins instantly for a small fee?
Post by: medicine on May 01, 2014, 11:20:43 AM
Interesting idea.  I can see the use of it.  How would you get coins to people on exchanges that didn't have internal transfer mechanisms in place.  For instance on Bitfinex I don't know a way to transfer BTC or LTC between user accounts.  Other exchanges I use also don't have this feature i.e. VOS, cavirtex, Korbit, Kraken.


Title: Re: Would you transfer BTC or other altcoins instantly for a small fee?
Post by: miger133 on May 01, 2014, 02:03:21 PM
I'd like to accept the fees if it is fast enough.
This is a good idea.


Title: Re: Would you transfer BTC or other altcoins instantly for a small fee?
Post by: medicine on May 01, 2014, 04:22:08 PM
I'd like to accept the fees if it is fast enough.
This is a good idea.

Thanks for your opinion.What do everyone else think?
well you didnt answer my question above yet.


Title: Re: Would you transfer BTC or other altcoins instantly for a small fee?
Post by: gondel on May 01, 2014, 04:31:14 PM
How much time i will need to withdraw my money from soecific exchange and then transfer it to another for BTC?
BR,
Gondel


Title: Re: Would you transfer BTC or other altcoins instantly for a small fee?
Post by: medicine on May 01, 2014, 09:05:33 PM
This is sounding like a scam to me.  Twice he refused to answer my questions and now he says he can't reveal his transfer methods.  Watch out people.  Be very careful before you send any money to this user. 
You've been warned.
Peace


Title: Re: Would you transfer BTC or other altcoins instantly for a small fee?
Post by: Willisius on May 01, 2014, 10:06:06 PM
You're selling arbitrage?