I have been waiting for a decent multi coin wallet that utilises arbitrage to cut costs.
e.g. You want to buy BTC, the app notices that you could get this cheapest (including fees) if you buy dash through website x, trade it for eth on exchange y then trade for btc on exchange z.
You just have to have accounts on all those exchanges or do an api deal or something to make it work.
Too complicated, right?
e.g. You want to buy BTC, the app notices that you could get this cheapest (including fees) if you buy dash through website x, trade it for eth on exchange y then trade for btc on exchange z.
You just have to have accounts on all those exchanges or do an api deal or something to make it work.
Too complicated, right?
This idea would be perfectly suit to combine it with mine.
There could be a arbitage plugin which enables what nothreat described
Very interesting idea, a bit complicated but can achievable.
In order to make the process flow less complicated you could just summarise the steps to the user for information.
This way they can do the arbitrage themselves. Perhaps they have their own trading systems.
That way the application would just have to query pricing and do the comparison which would be fairly simple if you knew the API calls.
It would still highlight the deals to be made and be a genuinely useful app.
Interesting. That is more of a web site than a simple app. It would certainly be just for info rather than doing the actual purchasing. You would have to query all the exchanges to get their rates (and fees) and then work out what the best path was between (in this case) USD and BTC. That's probably not that hard if you chuck enough CPU at it. Are there any similar sites out there at the moment?