Different coin prices on different exchanges = profit?

[marcothegeronimo]

I stumbled over this website recently : http://bitcoin-analytics.com/
Apparently under "Arbitrage" it tells you how much profit there is to be made by buying at one and selling at another exchange, with fees etc. included in the calculation.
Has anyone ever tried this with success? I Reckon it must be quite the task, especially since the whole process might take some time..

Good mining everyone!

[odolvlobo]

This has been discussed at least a dozen times. Search for "arbitrage" in these forums and you will find your answers.

tl;dr: The answer is no.

[zaloultra]

I Guess the bigger exchanges have more buyers and sellers and therefore less spread

[genuise]

I stumbled over this website recently : http://bitcoin-analytics.com/
Apparently under "Arbitrage" it tells you how much profit there is to be made by buying at one and selling at another exchange, with fees etc. included in the calculation.
Has anyone ever tried this with success? I Reckon it must be quite the task, especially since the whole process might take some time..

Good mining everyone!

Hi, I am from bitcoin-analytics.com and would like to clarify that arbitrage table does not account any trading or withdrawal fees. This is stated in our Why section.
If you have any question I will be glad to answer them.

[guybrushthreepwood]

This has been discussed at least a dozen times. Search for "arbitrage" in these forums and you will find your answers.

tl;dr: The answer is no.

You can do arbitrage, but it's not as easy and as simple as it sounds and you're not guaranteed to make any money, but it's very possible, but you need to factor in a lot of factors lol.

[DerekLyle]

Arent some of the high prices because of the difficulty in withdrawing in cash?

[guybrushthreepwood]

Arent some of the high prices because of the difficulty in withdrawing in cash?

That could be a factor, but there are also many others.

[jerelimZ]

Arent some of the high prices because of the difficulty in withdrawing in cash?

It is true, and the delays with the cash movements.
You also have to risk the money, because there is chance of exchange filling bancrupcy, especially these exchanges with higher withdrawal delays

[marjaana771]

You have calculate all the fees etcetc and time between transfers it will be very hard..

[lynn_402]

You need to have a lot of BTC for it to be worth your time. With all the fees, you might get 0.5% profit per trade, and it takes time. But, if you do it with thousands of BTC, it can quite lucrative. Check out autotrade on cryptostocks.com, you can buy shares and that's exactly what they do.

[oxfardk]

Arent some of the high prices because of the difficulty in withdrawing in cash?

not necessarily because the arbitrage is very important in some cases

[Sonny]

If such arbitrage strategy is doable, people would have done it again and again, and the price should have been converged (small difference only due to withdrawal fee and exchange rate spread).

So, when you see some big difference in price, either you are the smartest people on Earth, or it is not feasible.