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Kenshin (OP)
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January 19, 2014, 12:19:09 AM |
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I got a Japanese bank account, how can I start an arbitrage service?  |
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leancuisine
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January 19, 2014, 02:49:47 AM |
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I remember I invested in a security like this, it was listed on Cryptostocks.  You must have both Bitcoins and fiat ready to exchange, so that there is less risk but more profit. For example, sell your Bitcoins on Mtgox and buy Bitcoins by fiat on BTC-e at the same time. It locks in the profit for that time, but transferring them back and forth can be costly or time consuming. Best of luck!  |
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empoweoqwj
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January 19, 2014, 03:11:48 AM |
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I got a Japanese bank account, how can I start an arbitrage service? What do you mean exactly? Arb between what and what? |
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Kenshin (OP)
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January 19, 2014, 03:19:44 AM |
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I heard that a lot of people is getting delay in withdraw from Gox, so I have a Japanese account, I can transfer fiat out to people who need to withdraw.
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empoweoqwj
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January 19, 2014, 03:52:49 AM |
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I heard that a lot of people is getting delay in withdraw from Gox, so I have a Japanese account, I can transfer fiat out to people who need to withdraw.
How long does Gox take to pay out to Japanese bank accounts? |
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Kenshin (OP)
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January 19, 2014, 05:02:19 AM |
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I heard that a lot of people is getting delay in withdraw from Gox, so I have a Japanese account, I can transfer fiat out to people who need to withdraw.
How long does Gox take to pay out to Japanese bank accounts? No idea, I guess I should test that out first. |
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jonanon
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January 19, 2014, 07:33:30 AM |
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I heard that a lot of people is getting delay in withdraw from Gox, so I have a Japanese account, I can transfer fiat out to people who need to withdraw.
How long does Gox take to pay out to Japanese bank accounts? No idea, I guess I should test that out first. Would be a good idea |
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empoweoqwj
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January 19, 2014, 10:59:49 AM |
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I heard that a lot of people is getting delay in withdraw from Gox, so I have a Japanese account, I can transfer fiat out to people who need to withdraw.
How long does Gox take to pay out to Japanese bank accounts? No idea, I guess I should test that out first. Would be a good idea lol - yes a very good idea before advertising a service I've got a Japanese friend in Tokyo, he says the number of staff at Gox is "tiny", so it may take weeks to process Japanese bank account withdrawals as well. He's getting verified at the moment, that is taking weeks .... but hey, this is gox |
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cozytrade
Sr. Member
 Offline
Activity: 1100
Merit: 310
Seabet.io | Crypto-Casino
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January 19, 2014, 12:14:01 PM |
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how can I start an arbitrage service?
No idea, I guess I should test that out first.
Not necessarily  Do you plan to do it for yourself, personal service or business? If you plan for business, you'd better to make sure your account is a business account. If it is personal, which currency can you convert? Please PM then I'll let you know my bank account then. BTC to your MtGOX account follows after confirming your wire transfer as usual manner. Thanks |
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Kenshin (OP)
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January 19, 2014, 12:14:40 PM |
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I heard that a lot of people is getting delay in withdraw from Gox, so I have a Japanese account, I can transfer fiat out to people who need to withdraw.
How long does Gox take to pay out to Japanese bank accounts? No idea, I guess I should test that out first. Would be a good idea lol - yes a very good idea before advertising a service I've got a Japanese friend in Tokyo, he says the number of staff at Gox is "tiny", so it may take weeks to process Japanese bank account withdrawals as well. He's getting verified at the moment, that is taking weeks .... but hey, this is gox So this is pointless than? |
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cozytrade
Sr. Member
Offline
Activity: 1100
Merit: 310
Seabet.io | Crypto-Casino
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January 19, 2014, 12:28:48 PM |
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So this is pointless than?
You may decide, it is your privilege. It must be a good idea to provide such service for others  |
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empoweoqwj
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January 19, 2014, 03:53:54 PM |
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I heard that a lot of people is getting delay in withdraw from Gox, so I have a Japanese account, I can transfer fiat out to people who need to withdraw.
How long does Gox take to pay out to Japanese bank accounts? No idea, I guess I should test that out first. Would be a good idea lol - yes a very good idea before advertising a service I've got a Japanese friend in Tokyo, he says the number of staff at Gox is "tiny", so it may take weeks to process Japanese bank account withdrawals as well. He's getting verified at the moment, that is taking weeks .... but hey, this is gox So this is pointless than? We haven't found out yet. Once he is verified, and can start trading, we will find out how quickly gox process internal fiat withdrawals. Until then, unknown. |
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