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Author Topic: Buying on Kraken and selling on GDAX?  (Read 330 times)
samwolf
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November 11, 2017, 03:24:35 PM
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The price on Kraken for BTC is currently 20% less than GDAX in GBP.

Is there any reason why I wouldn't buy on Kraken, transfer to GDAX and sell for a 20% profit?

Seems to easy be true?
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November 11, 2017, 03:37:07 PM
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This is called "arbitrage". Yes, it is possible, but you have to factor in transfer times.
knircky
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November 11, 2017, 03:59:10 PM
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The price on Kraken for BTC is currently 20% less than GDAX in GBP.

Is there any reason why I wouldn't buy on Kraken, transfer to GDAX and sell for a 20% profit?

Seems to easy be true?

Do u have cash on Kraken?
samwolf
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November 11, 2017, 05:05:59 PM
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Not currently.

I do have a Fidor bank in Germany so can deposit instantly.

Just seeing if it was a good idea. There is a 20% discrepancy in price between the two.

So I could theoretically deposit £20k to Kraken, buy bitcoin, transfer it to GDAX, sell it and make £4k?

There must be a catch?
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