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Nice. Just curious, what is the relationship between MemoryDealers.com and exchangebitcoins.com? Are you just buying advertising for them for free, or do you own a stake in this exchange? Obviously its none of my business but like I said, curious.
I don't have any direct relationship with exchangebitcoins.com other than I met them at the NYC Bitcoin conference.
I'm just a fan of Bitcoins and how I think they will change the world.
I want to do everything I can to make those changes come sooner rather than later.
I'm just as happy to pay for a radio ad for mtgox, or ruxum or any other Bitcoin business that I think would benefit.
I chose exchangebitcoins.com because of their ability to take cash deposits.
I suspect that will appeal to a lot of people around the country.
If you have an idea for any other great ads, please post them here. Lets make it happen!
You can also include the Canadian Exchanges that accept cash at Banks within Canada in CAD (Bitcoin-central.net and Virtex). This will provide people more incentive to use bitcoins globally.
I did my recent trades through interac email money transfer in canadian $ through www.bitcoin-central.net and it worked like a charm.
There are zero commissions on trading so no loss.
There are zero commissions on trading so no loss.
With volatile exchange rates (both in BTC and lately in the other currencies as well) and markets in over two dozen currencies, the are plenty of opportunities for arbitrage. The order sizes are generally small though so the amount of profit from arbitrage isn't enough, it appears, to attract automated arbitrage trading just yet.
I believe this is the main problem. There isn't an easy, fast way of transferring money between currencies. So if you want to arbitrage for all exchanges in all currencies, you must have a lot of money sitting idle in these exchanges waiting for something to happen. The problem is that when something does happen, you will not earn much because these exchanges have a really low market depth. It's like walking around the park picking up cents.
NMAT, Stephen: Thank you for the valuable input and Great links. This type of info will definitely benefit us.
Some Traders are making good money using Bitcoin Arbitrage.
Please share your tips and suggestions so that other people can also benefit from Arbitrage opportunites.
This will help the community by increase in trading activity across vaious exchanges.
Please share your tips and suggestions so that other people can also benefit from Arbitrage opportunites.
This will help the community by increase in trading activity across vaious exchanges.
Virtex is the first Canadian Exchange and it is good.
There are a couple of other exchanges that provide CAD trading like
Tradehill-Paxum
Ruxum-Paxum
Bitcoin-Central- Email Money transfer and Direct Cash deposit at Canadian Banks.
Has anyone used Paxum to transfer CAD in and out.
There are a couple of other exchanges that provide CAD trading like
Tradehill-Paxum
Ruxum-Paxum
Bitcoin-Central- Email Money transfer and Direct Cash deposit at Canadian Banks.
Has anyone used Paxum to transfer CAD in and out.
HOW MANY OF YOU BELIEVE THAT NEWEST EXCHANGE RUXUM IS BASED UPON OPEN SOURCE BITCOIN CENTRAL EXCHANGE?
DOES IT USES RUBY ON RAILS?
HOW DIFFICULT IS IT TO SETUP A NEW EXCHANGE? WHICH SOFTWARE IS BETTER
INTERSANGO OR BITCOIN CENTRAL. ARE THERE ANY OTHER OPEN SOURCE EXCHANGE SOFTWARES AVAILABLE ON THE INTERNET?
COMMENTS WELCOME
DOES IT USES RUBY ON RAILS?
HOW DIFFICULT IS IT TO SETUP A NEW EXCHANGE? WHICH SOFTWARE IS BETTER
INTERSANGO OR BITCOIN CENTRAL. ARE THERE ANY OTHER OPEN SOURCE EXCHANGE SOFTWARES AVAILABLE ON THE INTERNET?
COMMENTS WELCOME