btc-arbs.net - Anyone use them to earn interest on their BTC?

[Bitduder]

Has anyone used this site btc-arbs.net?  They are claiming to offer daily interest on all BTC deposits.  Looks on the up and up but I am not sure whether to trust them yet or not.

[gixmo]

no but it looks like a hyip they'll probably evaporate in a month or so

[o3u]

I don't know if they are legit, but after dropping 3 btc there yesterday i was able to withdraw 2 BTC (with 1 hour 30 delay approx)

Obviously all signs of a HIYP, and being careful is always recommended.

Don't put more than you're willing to throw away,

[keithers]

Hmmm I may consider putting a small amount there to see what happens...

[richmke]

The problem with arbing bitcoin is moving USD between them. Assuming 1% transaction fees (moving money around), that implys that a 1% difference can persist between the exchanges (or $6 at a $620 btc/usd price).

If they are getting 1% daily returns, it should not be hard to find a handful of whales to bankroll them.

I doubt that they need much money. Certainly not enough to be worth investing in creating an individual account system and all the processing hassles. The daily volume on bitstamp is $7 million USD. I doubt they would need more than 1% of that to arbitrage, or about $70,000.

[railzand]

obvious scam. obvious shill