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hacknoid (OP)
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November 29, 2013, 04:35:54 PM |
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I just thought I would point out to any fellow Canadians that, right now (29 Nov 2013), the price on CAVirtex is about 10% lower than Bitstamp. What does that mean? Well, considering Bitpay uses Bitstamp as it's primary price conversion rate, that means that you could buy bitcoins on CAVirtex for $985 CAD, and they are valued at $1092 on Bitpay merchants. Effectively you are getting a 10% discount. On top of that, the CAD exchange rate to USD is $.95 on the dollar, so that's another 5% compared to buying something priced in USD.
So... convert CAD -> BTC, and spend the BTC at Bitpay merchants (like bitcoinstore). Boom - instant 15% saving.
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Casino Gambling Guy
Member
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Activity: 63
Merit: 10
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November 29, 2013, 04:46:26 PM |
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It is good but I just can't get past the Photo ID to trade there when BTC-E has BTC priced lower and no ID required
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The best way to say thank you:
BTC: 1Mfq5PUZpBVd7nhQ6aMa5SeKxeDKKDyr6B eToken: eLJTb8KefyPhHNLpFDtQVhbs2hN2kGvBTD
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Apostata
Member
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Activity: 98
Merit: 10
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November 29, 2013, 05:07:05 PM |
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It has been next to impossible to get funds into Cavirtex, but if you shave funds there yes there are some arb pops for sure.
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hacknoid (OP)
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November 29, 2013, 06:03:26 PM |
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It has been next to impossible to get funds into Cavirtex, but if you shave funds there yes there are some arb pops for sure.
I haven't had troubles... Did a bill pay last week and took a couple of days (as expected) but got credited to my account without trouble. |
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btcbug
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November 29, 2013, 06:23:47 PM |
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It has been next to impossible to get funds into Cavirtex, but if you shave funds there yes there are some arb pops for sure.
I haven't had troubles... Did a bill pay last week and took a couple of days (as expected) but got credited to my account without trouble. No problems depositing for me either. Anyone know if withdrawals are quick there? I haven't heard of any problems. |
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rayfloyd
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November 29, 2013, 06:28:33 PM |
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It has been next to impossible to get funds into Cavirtex, but if you shave funds there yes there are some arb pops for sure.
I haven't had troubles... Did a bill pay last week and took a couple of days (as expected) but got credited to my account without trouble. No problems depositing for me either. Anyone know if withdrawals are quick there? I haven't heard of any problems. Pretty long (as expected) but I havn't had any problems with it. |
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btcbug
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November 29, 2013, 06:36:26 PM |
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It has been next to impossible to get funds into Cavirtex, but if you shave funds there yes there are some arb pops for sure.
I haven't had troubles... Did a bill pay last week and took a couple of days (as expected) but got credited to my account without trouble. No problems depositing for me either. Anyone know if withdrawals are quick there? I haven't heard of any problems. Pretty long (as expected) but I havn't had any problems with it. Thanks. Days? Weeks? It says allow 5 business days for direct withdrawals on their website. |
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Apostata
Member
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Activity: 98
Merit: 10
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November 29, 2013, 08:39:02 PM |
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Under $5000 is within 5 business days, it's when you get over that that is the issue. $5000 isn't worth arbitrage
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hacknoid (OP)
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November 30, 2013, 01:07:39 AM |
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Under $5000 is within 5 business days, it's when you get over that that is the issue. $5000 isn't worth arbitrage
Hmmm interesting. $5000 is being easier and easier to hit as time goes on. What kind of delays or problems do you know about for amounts greater than that? Does it have to do with fintrac? |
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Apostata
Member
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Activity: 98
Merit: 10
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November 30, 2013, 01:39:05 AM |
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Under $5000 is within 5 business days, it's when you get over that that is the issue. $5000 isn't worth arbitrage
Hmmm interesting. $5000 is being easier and easier to hit as time goes on. What kind of delays or problems do you know about for amounts greater than that? Does it have to do with fintrac? I am not going to go into it much more here, but frustrating thing is they are doing nothing about their customer service issues. I would neer ever run my business this way. I always thought they were good to deal with up until now. Refer to this post, which is basically the same issue I am having with them. If I say anymore I am going to go on a rant about how I can't stand companies who don't provide adequate levels of customer service. https://bitcointalk.org/index.php?topic=325980.0This is interesting as well https://bitcointalk.org/index.php?topic=244915.0And not to mention their fees are absolutely outrageous. I can't believe the fees they charge and only have 6 employees. |
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hacknoid (OP)
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November 30, 2013, 04:40:45 AM |
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Looks like some interesting reading.... I'll check that out later (too tired right now). Thanks very much for posting the links, and didn't mean to open old (relatively speaking) wounds...
This is what I love about this forum - experiences are invaluable to all.
Cheers...
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shonca
Newbie
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Activity: 42
Merit: 0
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November 30, 2013, 05:32:27 PM |
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Good luck even getting verified on Cavirtex.
My completed application has been 10+ days already. If it takes that long to get verified, I don't know how long it will take to get funded.
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