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Author Topic: Need an opinion about arbitrage trade  (Read 316 times)
hakunaking (OP)
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June 25, 2017, 04:49:09 PM
 #1

Ok. i found the way to send USD(Bank transfer) from my country(Sth Korea), without government intervention. (send payment through family member
 who lives in washington Smiley )
But all the State bitcoin markets need to verify my identity with SMS, Address proof, Social Security number and etc, because of these i couldnt create my account.

What shall i do?

Right now there are about $500 gaps between US market and Sth Korean market, the price is really gone mad in this country.

Could anyone give some idea or opinion?
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June 26, 2017, 03:52:15 AM
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Even if you succeed with this I wonder if it will be scalable for you?

Will you be able to send and/or receive tens or hundreds of thousands of dollars on your bank account only to send it back out again? The problem with banks is that they view everything as "suspicious" and they might even close yours and your family members account.

If both you and your relative have a good contact with your banks and they allow this you have found a true "money machine"!  Grin All you need to do is send the money back and fourth (and the same with the btc(, like in a circle but just with bigger and bigger amounts as your profit increases!

Come back and let us know how it went!  Smiley
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June 26, 2017, 03:57:28 AM
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you say you have a family member in Washington already who you want to send money to. so you trust him/her enough. in that case ask that person to make an account on the trading platform that you have in mind and do the trade instead of you and share the profit 50/50 with him/her!

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