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Author Topic: Triangle Trade  (Read 397 times)
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April 12, 2013, 12:03:51 AM

For anyone close to a Bank of America branch there seems to be a nice arbitrage available.

The least sucky way to get USD to Bitfloor is a cash deposit at BofA. Where you buy Bitcoin at the best price in North America. (Because there is no good way to get USD to Bitfloor except cash deposit at BofA.) Transfer the coin to CaVirtex and sell them for 20% more in CAD. On Monday have CaVirtex overnight you a bank draft.  Remind your BofA branch manager that this is money good at the current exchange rate.

Wash rinse repeat.

CampBx offers the same opportunity at half the spread and a less friendly contract, but they take Dwolla. That would save me $15 in mileage and 3 hours of my life. Ya takes your choice and ya pays your money.

I don't have enough free cash to make either pay. But someone with 100 BTC and a short drive to a BofA office could make a nice hourly rate on arbitrage.
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