Arbitrage Trading BTG between Bittrex and Binance

[det.fusco]

Today BTG has been listed on Bittrex and now right it's 0.02949900 roughly 244 USD. But on Binance it's 0.039826 roughly 331 USD. So what's keeping anyone from buying on Bittrex then transfering those BTG to Binance and then selling on Binance, finally buying Tether and transfering into your wallet or exchange wallet on Bittrex.
I mean it makes sense.

[det.fusco]

Well i've just found out what's keeping anyone from doing that. Apparently Binance. They suspended BTG deposits and withdrawals. So they let people trade only what's in the exchange, nothing more for now. That was too good to be real :S

[carlfebz2]

Well i've just found out what's keeping anyone from doing that. Apparently Binance. They suspended BTG deposits and withdrawals. So they let people trade only what's in the exchange, nothing more for now. That was too good to be real :S

Good catch up and they did really suspend BTC incoming and outgoing transactions because they are already aware on prices. Arbitrage is really a profitable move if you are really active on comparing prices on each exchange that you do know specially on the coins being traded on their.As long you can see the spread is good enough to make money less with the fees then it should be fine but the risk is that exchange can detect that you are making arbitrage that would cause for you to be blocked.

[det.fusco]

Well i've just found out what's keeping anyone from doing that. Apparently Binance. They suspended BTG deposits and withdrawals. So they let people trade only what's in the exchange, nothing more for now. That was too good to be real :S

Good catch up and they did really suspend BTC incoming and outgoing transactions because they are already aware on prices. Arbitrage is really a profitable move if you are really active on comparing prices on each exchange that you do know specially on the coins being traded on their.As long you can see the spread is good enough to make money less with the fees then it should be fine but the risk is that exchange can detect that you are making arbitrage that would cause for you to be blocked.

Wow i didn't know that they can block you for doing that Interesting. Will keep that in mind

[fxstrike]

BTG is scam coin, they will put malicious code into their wallet to steal btc btg, probably next update they will do that again
bitcoinwhoswho.com/blog/2017/11/16/million-dollar-mybtgwallet-scam/

[Raegorl]

Well i've just found out what's keeping anyone from doing that. Apparently Binance. They suspended BTG deposits and withdrawals. So they let people trade only what's in the exchange, nothing more for now. That was too good to be real :S

Good catch up and they did really suspend BTC incoming and outgoing transactions because they are already aware on prices. Arbitrage is really a profitable move if you are really active on comparing prices on each exchange that you do know specially on the coins being traded on their.As long you can see the spread is good enough to make money less with the fees then it should be fine but the risk is that exchange can detect that you are making arbitrage that would cause for you to be blocked.

It might be profitable but it is also extremely risky, especially in a coin like bitcoin with 10minute block times... Before you get a confirmation the prices might have already drastically changed (or adjusted to a balance and then you've transfered over for nothing).

[Koadharber]

Well i've just found out what's keeping anyone from doing that. Apparently Binance. They suspended BTG deposits and withdrawals. So they let people trade only what's in the exchange, nothing more for now. That was too good to be real :S

Good catch up and they did really suspend BTC incoming and outgoing transactions because they are already aware on prices. Arbitrage is really a profitable move if you are really active on comparing prices on each exchange that you do know specially on the coins being traded on their.As long you can see the spread is good enough to make money less with the fees then it should be fine but the risk is that exchange can detect that you are making arbitrage that would cause for you to be blocked.

It might be profitable but it is also extremely risky, especially in a coin like bitcoin with 10minute block times... Before you get a confirmation the prices might have already drastically changed (or adjusted to a balance and then you've transfered over for nothing).

It is really risky because prices are way too volatile which would mainly affect the profits if we are behind for how many seconds or minutes on doing this stuff. Worst case is that you did make a transfer but you end up on having negative because of the fees.This is why i do really need fast confirmation and accessibility on both exchange if you do these kind of arbitrage.

[European Central Bank]

BTG is scam coin, they will put malicious code into their wallet to steal btc btg, probably next update they will do that again
bitcoinwhoswho.com/blog/2017/11/16/million-dollar-mybtgwallet-scam/

as long as your bitcoin wallet is empty when you try to cash in it doesn't really matter any more. everyone who's anyone should know the drill by now.

and i'll guess most people are using coinomi. there's no point in messing around with a new wallet when that one does an ok job.

[omnik]

Well i've just found out what's keeping anyone from doing that. Apparently Binance. They suspended BTG deposits and withdrawals. So they let people trade only what's in the exchange, nothing more for now. That was too good to be real :S

Good catch up and they did really suspend BTC incoming and outgoing transactions because they are already aware on prices. Arbitrage is really a profitable move if you are really active on comparing prices on each exchange that you do know specially on the coins being traded on their.As long you can see the spread is good enough to make money less with the fees then it should be fine but the risk is that exchange can detect that you are making arbitrage that would cause for you to be blocked.

It might be profitable but it is also extremely risky, especially in a coin like bitcoin with 10minute block times... Before you get a confirmation the prices might have already drastically changed (or adjusted to a balance and then you've transfered over for nothing).

There is a lot of spread in the price. Bitcoin gold has the same interval just like the bitcoin. Use your logic. if the chance to arbitrage trade will be so easy for everyone and why the price of the binance exchange is not adjusted just like another exchange site?

[richlipkin]

When something like this comes up, it's nearly always because one exchange or the other has stopped processing withdrawals. I stopped trying to arb a long time ago.