Trading between exchanges

[jyotianand01]

Arbitrage is beneficial only if both exchanges have opened their wallet of that particular coin which you want to transfer from one exchange to other. If one exchange wallet not opened and you send coin from opened wallet exchange but that not reached there due to wallet offline then you have no option.

[Hiromono]

For this to be worth your time you would need an arbitrage trading bot. And to minimize risk would be ideal to be able to short sell some crypto at one of the exchanges so that you would not need to rely on being able to withdraw a coin fast.

[LodisMcguire]

It's called arbitrage,if you are confident about fees problem and transaction speed,feel free to do it.But if you still new,i don't recommend it,because you don't know how it will play out.Arbitrage is an advantage if you know how to manage it,by looking carefully at the price movement and transfer your fund in the right moment to gain profit from it.

[joeydangerous]

Arbitrage is beneficial only if both exchanges have opened their wallet of that particular coin which you want to transfer from one exchange to other. If one exchange wallet not opened and you send coin from opened wallet exchange but that not reached there due to wallet offline then you have no option.

The only coin that arbitrage worked that I know of is when Doge was traded on Cryptsy and was a different price in Bittrex exchange.

[Dmitry_K]

For the first time I also watched the price difference between some stock exchanges, I thought that you could make money on it, but later rejected this idea. Fees for the deposit of coins and the time that is spent on each transaction brings certain risks.

[BitProCoin]

It's a good way to miss out, because of the length of time it takes to confirm transactions the prices sometimes catch up.

[CryptoAnnie]

It is risky so i won't recommend everyone to use this. Arbitrage trading is profitable for those people who have much knowledge and confidence but who is new to this market i would suggest no because people who are less experience may lead to loss.

[gopnik]

99,99% of the prices differences you may think to see nowadays are due to a reason; either the exchange wallets are shut down, either the network is down, either the low/high price exchange is a total scam that will either steal your money or hold it for weeks, either volatility is insane and makes any arbitrage impossible to execute without risking massive losses

Free lunch days are gone for good my friend

It has become insanely competitive and there is no more money to be made in arbitrage, unless you are an expert in high frequency trading and have millions of dollars to rotate to trade 0,01% profits

There are no more manually tradable arbitrage opportunities; the ship has sailed months / a year ago
All what is left now are insignificant (around 1%) differences between exchanges that are impossible to trade and extremely high risk

You'd better trade pumps or whatevers than this; it's just not worth it anymore