Currency is not the same price, you can buy low and sell high profit?

[ajhsjzxi]

Recently, the price of Bitcoin has fluctuated sharply, and arbitrage windows have appeared on many exchanges. The price of Bitcoin on Binance is US$47,000, while on some exchanges in South Korea, the price of Bitcoin is US$51,000. If you buy in Binance and then sell in South Korea, you can make a profit of $4,000. I am considering doing this. I want to hear your opinion.

[1715011098]

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[NeuroticFish]

Keep in mind that arbitrage exists on the market for years and some use bots for this.
This means that the prices between the exchanges "equalize" pretty fast and if some exchanges "stand out" with the prices Bitcoin is traded at, there's a good chance that something is fishy there, most probably various difficulties in creating the account or withdrawing from there.

So if it's an exchange you're familiar with, good luck! But if you're not, spend some time, research more on that exchange, maybe play with small amounts of money, get the pulse. Don't just jump in. If it's too good to be true, it's probably not good at all.

[Lucius]

The price difference has existed before, especially during the 2017 bull run. At the time, there were people who were also looking for a way to engage in this type of trading, but the problem was that then the condition for registration on one of the crypto exchanges in South Korea was for a person to be a citizen of that country. I’m not sure if anything has changed in that regard, but I don’t think it’s easy to make money this way unless we know someone who lives there and whom we trust.

There were a lot of offers similar to this one from the link, but the key thing is, as always, trust when it comes to large amounts.

Korean Arbitrage - Margin 30~35% now(2018)

[Yaunfitda]

Recently, the price of Bitcoin has fluctuated sharply, and arbitrage windows have appeared on many exchanges. The price of Bitcoin on Binance is US$47,000, while on some exchanges in South Korea, the price of Bitcoin is US$51,000. If you buy in Binance and then sell in South Korea, you can make a profit of $4,000. I am considering doing this. I want to hear your opinion.

We are already in 2021, it might be a good idea to do arbitrage in 2017, but now you have to compete with bots. So the chances for a average and regular traders are very slim to make profits thru arbitrage. And then you also have to factor that withdrawal fees and KYC procedure you have to undergo. So just be careful as the risk is also very high. It's sounds easy in paper, but it's a hard trading strategy to execute, in my opinion.

[Obito]

That can't be done by the likes of you even if you are living in South Korea, the price is isolated there meaning that you can't buy here lower price and then sell it there, the exchanges habe thought of that so you're not a genius for proposing the idea.

[joniboini]

Have you considered the confirmation speed if you made a transfer from one exchange to another? What about deposit/trading fees, requirements to have a verified account, etc?

I share the same belief that doing arbitrage from one exchange to another is quite risky and not worth your time, especially if you're using an exchange with a different target market. Instead of making some profits, you might as well lose your data in the future. Why not arbitrage on a single exchange using the price difference on the trading pairs? Profit might be low, but you should not aim for arbitrage as your main strategy in the first place imo.

[Ausgewielt]

I rarely do trading, for me such thing like that is very tiring but it is work. I see many people that claim they can get profit from it. I think it is okay to start it. Maybe you can also try different coin too. In my opinion the price also has correlation with the trading volume in each exchanges. I think some new popular coin have big volume in an exchange site but also still only have small trading volume in other exchange sites.

[Kittygalore]

I don't think that we can't do that, as @Obito have pointed out, they've made a countermeasure against this kind of scenario/situation so there's no possibility that someone can do that, even if you try to bypass it, you can only buy and sell in that location but you can't take it out into your country.

[Rb48]

Cryptocurrency is the rule that you will buy at a lower price and sell at a higher price.But there are a lot of things here that if you are new then you are not going to do all this work. There is no excuse for cryptocurrency mistakes. It has been seen that if you want to do all this without knowing and without knowing the price analysis But then you will lose a lot.

[Meysa_richa]

i have seen this difference a lot compared to small exchanges but what scares me is that small exchange that is just a virtual value they trick you so you can deposit on the exchange and forever forever you will lose your inherent assets.

We do have to be careful if we want to transfer our assets to small exchanges with the aim of arbitrating because of the high price difference, because it's true what you say fraud often happens here and it's just price manipulation or fake transactions. 
If we find the price difference is high enough we have to research it first, moreover it is a large coin it is impossible for the price difference to be too high between exchanges with one another. Wrong decision, then our assets will be lost.

[nelson4lov]

Recently, the price of Bitcoin has fluctuated sharply, and arbitrage windows have appeared on many exchanges. The price of Bitcoin on Binance is US$47,000, while on some exchanges in South Korea, the price of Bitcoin is US$51,000. If you buy in Binance and then sell in South Korea, you can make a profit of $4,000. I am considering doing this. I want to hear your opinion.

Taking advantage of arbitrage opportunities aren't always easy as it seems. To facilitate such trades, you have to ensure that you've a standard account on both platforms to be able to take those trades. Also, there's always a catch when an exchange offers crypto assets at a premium. It might look like a golden opportunity to take advantage of - rinse, repeat and accumulate profits but it's a lot more harder. Be sure to have all information available before making moves. I jumped on opportunities like that without adequate research and lost money instead of gaining.

[Kiley33]

Recently, the price of Bitcoin has fluctuated sharply, and arbitrage windows have appeared on many exchanges. The price of Bitcoin on Binance is US$47,000, while on some exchanges in South Korea, the price of Bitcoin is US$51,000. If you buy in Binance and then sell in South Korea, you can make a profit of $4,000. I am considering doing this. I want to hear your opinion.

If you do this, the risk will be great. Don’t trade on small exchanges either.
Everyone thinks the same as you, then we will do the same. But we will not do this for safety reasons.

[pooya87]

you can make a profit of $4,000. I am considering doing this.

As a rule of thumb whenever there is a big gap between exchanges that remains that way for a long time there is always something wrong. Because if there were indeed a 8-9% difference and there were $4k profit to be made there were hundreds of other active arbitrage traders who would have taken advantage of it and grabbed the profit hence closing the gap.

[Maxine4466]

you can make a profit of $4,000. I am considering doing this.

As a rule of thumb whenever there is a big gap between exchanges that remains that way for a long time there is always something wrong. Because if there were indeed a 8-9% difference and there were $4k profit to be made there were hundreds of other active arbitrage traders who would have taken advantage of it and grabbed the profit hence closing the gap.

I‘m curious about why would big gap appear? why would some exchanges set their price lower than the market? who'll take the loss? if they just meant to attract users then how would the developer make up the loss? businessmen are always wily and shrewd so I just couldn't figure it out!
I know some traders bought robot to achieve that process but I don't know whether it worked or not
it is not the same as commodities in stores where the owner can willfully adjust the price. the fact is no one can buy Bitcoin with a discount

[Lucius]

I‘m curious about why would big gap appear?

As far as I know, such price differences are in most cases caused by high demand and low liquidity in a particular market. If there is not enough of something on the market, and there is a great demand, it is logical that the price will rise. This is not just the case with South Korea, and some markets in Africa and the Middle East have also recorded large price differences at times when the price is rising.

It should not be associated exclusively with Bitcoin, it happens in everyday life - people buy something cheap in country X and then sell it at a much more expensive price in country Y.

[rodskee]

Recently, the price of Bitcoin has fluctuated sharply, and arbitrage windows have appeared on many exchanges. The price of Bitcoin on Binance is US$47,000, while on some exchanges in South Korea, the price of Bitcoin is US$51,000. If you buy in Binance and then sell in South Korea, you can make a profit of $4,000. I am considering doing this. I want to hear your opinion.

just make sure that the accuracy in time will favor you because the sad thing here is that what if you buy at 47k in binance and when you wanted to sell in other exchange suddenly the price back to normal.

and i have seen similar occasion posted here that happens like this when the exchange have bugged and then turn back the traders and asking Him to return back the excess in funds.

arbitrage is long gone strategy now and only very few is conducting this still.

[Kong Hey Pakboy]

That's if you got the timing to buy those bitcoins at the right time because even if you know how to do this, it doesn't always go your way. It's a rule of thumb for many people to do this. Also, what happened in S. Korea, I think they said that people can't do what you're trying to say.

[marilynmanson21]

price difference has long occurred and is a common thing faced by traders,
As far as I know Korean exchange is difficult for people outside of Korea to penetrate. KYC is needed like a passport which everyone doesn't have, and the hardest thing is that you must use a Korean resident card,
for me, doing arbitrage is useless if you trade in small quantities, it runs out on shipping and trading costs

[Somail12]

Recently, the price of Bitcoin has fluctuated sharply, and arbitrage windows have appeared on many exchanges. The price of Bitcoin on Binance is US$47,000, while on some exchanges in South Korea, the price of Bitcoin is US$51,000. If you buy in Binance and then sell in South Korea, you can make a profit of $4,000. I am considering doing this. I want to hear your opinion.

There are lot of things that you need to consider to do arbitrage trading. For some exchange, they require you to do strict KYC check and of course for every transaction. how much time it will take to confirm your transferred funds. Bot can also manipulate pricing. I tried it before but it didnt work for me.

[michellee]

Recently, the price of Bitcoin has fluctuated sharply, and arbitrage windows have appeared on many exchanges. The price of Bitcoin on Binance is US$47,000, while on some exchanges in South Korea, the price of Bitcoin is US$51,000. If you buy in Binance and then sell in South Korea, you can make a profit of $4,000. I am considering doing this. I want to hear your opinion.

There are lot of things that you need to consider to do arbitrage trading. For some exchange, they require you to do strict KYC check and of course for every transaction. how much time it will take to confirm your transferred funds. Bot can also manipulate pricing. I tried it before but it didnt work for me.

We need to consider the time of the transaction because we can not predict the time accurately. Maybe before we send the bitcoin, the price is still high, but there is no guarantee for the price to stay at that price. Who knows, after we send, the price is down sharply and once the transaction got confirmed, we can not sell at a high price. As usual, high risk can give you a high profit but be careful. Not every time you will get your luck.