Post
Topic
Board Beginners & Help
Re: Arbitrage
by
ranochigo
on 18/07/2014, 09:41:15 UTC
It is still possible, but yea eveyone is right. For arbitrage between exchanges it can be difficult.

Why not do some tests with a small ammount of altcoin and try to do crypto-crypto arbitrage, learning by doing is the best.
Do not forget to add the exchange fees and withdraw fees charged by the exchanges.


Alt coins are better for starters, because for the most part, you don't have to wait very long for transfers.

you crazy? Cheesy

I saw bittrex is awaiting 20 confirmations for a deposit of latium

while you deposit bitcoin in the matter of seconds..
Alt coins can get attacked, to prevent this, exchanges wait for more confirmations. Exchanges usually wait for 6 confirmations, so you cannot deposit bitcoin in the matter of seconds.