Post
Topic
Board Trading Discussion
Re: deposit 5000 in BTCE and withdraw in BITSTAMP
by
Videodrome
on 17/12/2015, 18:21:17 UTC
Hello

Please I need to know one question and it's important

If I deposit 5000 eur via wire transfer to BTC-E (cheapest way for this amount) and I buy BTC then send to Bitstamp and sell BTC and withdraw to bank

If arbitrage between BTC E and BITSTAMP is 2% ( the 2% of 5000 =50 eur profit) rest 15 eur of wire trasnsfer and maybe 10 for costs and withdrawal, this is net profit of 25 eur

Can I do that continiously depositing in BTCE and withdraw in BITSTAMP?

OFC yes, 90% of the trading bots works on arbitrage