Post
Topic
Board Press
Re: [2017-09-26] Bitcoin Trading Premium in Zimbabwe at $7,200
by
Efficiency V
on 26/09/2017, 17:09:25 UTC
This huge price gap is interesting.  Assuming it remains for a bit, it seems like if you knew someone you could trust in Zimbabwe, you could send them BTC (purchased US exchange prices) which they could then sell on the Zimbabwe exchange sites for the much higher amount. Repeat this multiple times or larger sums to gain the profit.

It appears to be on the Zimbabwe BTC exchanges, you would need a Zimbabwe bank account or other barriers which would require an actual Zimbabwe citizen. 

So besides all the hassle, multiple fees, wire transfer fees etc.  If they price gap is big enough, it may be worth it.  Am I missing something here?