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Author Topic: Transfer Fiat Currency Between Exchanges?  (Read 1891 times)
zimmah
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June 30, 2014, 08:44:01 AM
 #21

remember this is a big reason as to why we use bitcoin.. so we can send money from anywhere to anywhere, that's why we swap fiat for it..

Yes but i guess the OP wants to do arbitrage, but its nearly impossible because of the time it takes to move money between exchanges.

I think it should be easier to move money between exchanges as well, I think it would benefit the exchanges too because of a larger volume and more arbitrage. It would be nice if the large exchanges allow users to transfer money between them, and the exchanges just swap IOUs with each other. That would mean near instant money transfer.
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InwardContour
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July 01, 2014, 03:05:57 AM
 #22

You could fuse the localbitcoins approach with an exchange, trading is more latent but works.
There are a few traders that make a pretty penny off of localbitcoins, but they risk serious consequences if they do not follow AML regulations to the "T"
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