Quote from: extrabyte on February 21, 2016, 03:11:46 PM

Quote from: thisisthis on January 13, 2016, 04:16:58 PM

Step 1 is to buy BTC with USD [from https://www.coinbase.com if you are able to, or somewhere where the price is similar to $429].

Step 2 is to sell those same BTC for paypal USD [at https://www.satelexchange.com].

So basically you can buy 1 BTC for $429 and sell it for $466. The profit is around $37 per BTC.

method is good. but I dont getting how we can sell 1 btc for 466 dollars. although BTC price is only 440 dollars?

Only it is possible in countries where there is only few traders available. So what they fix is the price. I think at times such incidents might take place.