Hey guys
I signed up for btc-arbs.com a few days ago:
Here's the link to my account to check out:
https://btc-arbs.com/referral/techemyThe idea is that you deposit BTC in - they (supposed professional traders) slush BTC around different exchanges for a profit.
Here's what Arbitrage Trading is about:
"Arbitrage is the act of profiting from inefficiencies on any sort of exchange or economic situation. This is possible when the price of a particular commodity is one value in a particular marketplace and a different value is another marketplace. In the context of Bitcoin arbitrage, the situation occurs when Bitcoins are being sold at one price on one exchange, and a completely different price on another exchange. This allows to purchase Bitcoins the exchange with the lower price, and re-sell those same coins on another exchange, and profit through the difference."
MY EXPERIENCE:
I still dont know what to think but here is my experience
I deposited 5 BTC on the 23rd.
I received interest of 0.1019 BTC that night.
I deposited 15 more BTC the next day.
I immediatly withdrew all 20 BTC (+ the interest I earned)
I received 20.1019 BTC back within 24 hours as stated on the website.
So... deposits & withdrawals working fine within stated time-frames.
Interest is daily (between 0.01 and 5% daily) and I can withdraw interest too.
I put 5 BTC back into my btc-arbs.com account and will prob bulk up to 50 btc and leave for the month of March.
Anybody have any insights into this service or would like to add any useful info?
Thanks
~ T