Possibility of arbitration in Brazil vs World

[Mathrusgrijo]

Hello people who like to make trades and arbitrations, I am from Brazil, and here we have a group called BITCOINBANCO,
in which I have a registration, they have TWO exchanges (NegocieCoins [https://coinmarketcap.com/exchanges/negocie-coins/] and TemBTC (Does not have CMP)).

They have just released a statement that has opened registration for foreigners!

What is cool about this platform is that you can transfer (BRL Brazilian currency) between the two exchanges automatically, without going through the Brazilian banks!

Usually BITCOIN is cheaper at TEMBTC and more expensive at NEGOCIECOINS, what Brazilians are doing is buying cheaper at one and selling at the other.

What most foreigners are doing is selling the most expensive bitcoin in NEGOCIECOINS and buying back cheaper at TEMBTC, so they are accumulating BTC in this arbitrage!

I made a tool in GITHUB to be able to demonstrate the SPREAD that exists between the two, normally the total rates go from 1.5% to the arbitration cycle, however in some moments like now
the spread is over 1.809%!
My GITHUB: https://github.com/MatheusGrijo/ArbitragemNegocieCoinsTemBTC (If you can I can leave in ENGLISH)


Link of the exchanges involved:
https://www.negociecoins.com.br
https://www.tembtc.com.br

I do not work on any of them and I will not be liable for loss or damage that may occur!
I'm just informing the community!

[Samned]

That fiat transfer inter exchanges tool it's pretty cool. That makes arbitrage easier and faster, whatever is the buying/selling cycle that you follows. For sure you need to be focused on the spread and prices, then come your tool at github to help, nice job!

[Upgrade00]

This seems to be a shill, but arbitration is a much discussed topic in the cryptocurrency space.
How quick, efficient and safe are both exchanges?
And if there is an automatic transfer between them, would the price not even out over time as it is determined by sellers and buyers?

[CryptopreneurBrainboss]

The profitable of arbitrage trading with those two exchange mentioned above, will be determined by the fees of both exchanges and how fast transaction are been processed. Also the accessibilities of the exchanges (any kyc, withdraw limit etc) should also be put into consideration before anyone jumps into arbitrage trading for greedy reasons. Don't forget OP stated clearly " he isn't to be held liable for any loss or damage".

[Mathrusgrijo]

This seems to be a shill, but arbitration is a much discussed topic in the cryptocurrency space.
How quick, efficient and safe are both exchanges?
And if there is an automatic transfer between them, would the price not even out over time as it is determined by sellers and buyers?

Transfer Crypto: 1m at 5m
Transfer BRL(Fiat): 1h30m at 2h (out bank systems SIDECHAIN BRL)

[Mathrusgrijo]

The profitable of arbitrage trading with those two exchange mentioned above, will be determined by the fees of both exchanges and how fast transaction are been processed. Also the accessibilities of the exchanges (any kyc, withdraw limit etc) should also be put into consideration before anyone jumps into arbitrage trading for greedy reasons. Don't forget OP stated clearly " he isn't to be held liable for any loss or damage".

Very thanks bro!