Lake BTC vs. e.g. Kraken leveraging exchanges different Bitcoin rates

[Gecko8]

I have just realized, that at the china exchange LakeBTC the bitcoin price is much higher than at Kraken (over a 100$). Does anyone have some experience in trading by leveraging those price differences of the exchanges. Does it work out, or would I just loose too much on fees?

[aceptamosbitcoin]

I have just realized, that at the china exchange LakeBTC the bitcoin price is much higher than at Kraken (over a 100$). Does anyone have some experience in trading by leveraging those price differences of the exchanges. Does it work out, or would I just loose too much on fees?

This is because it's much more harder to get your cash out from there than to Kraken or any other of the big names.
If you would to try arbitraging there, I suggest you to start with a small amount, which wouldnt broke your heart in case of account lock.

[Gecko8]

I am not a native speaker, so even I looked up your word arbitraging with the translater, it does not really mean anything for me in the context of my question. But if I understood you correcty it is hard to get the bitcoin converted into another currency, which is surprising me, as it is an exchange. But why should the account get locked?

[Serpens66]

Just try it.

~a year ago I registered at Lake BTC, but found out this is not a normal exchange. Don't remember exactly , but it works very strange there with  "Lake-Bankers" and such weird stuff.  So I never traded there.