Anyone else tried out Crypto Arbitrage Method?

I saw this thread about crypto price arbitrage method


Has anyone else tried out this method, because even in Indian bitcoin exchange sites, rates are much different.

I have few questions?
1. After acquiring bitcoins, can it be sold immediately?
2. Which indian coin exchange processes this exchange faster and with less fees?
3. Do they have holding time or any other hidden clause before you decide to sell bitcoin?

Any other thing which might have been missed in the above thread, but which you might have noticed while trading in real.

I read it a week ago and thought its an interesting idea and definitely will give this a try in the near future.

The easiest place to get involved with coin arbitrage is Local Bitcoins. Even when BTC is stable, the rates fluctuate from morning to night like crazy. It's possible to make $100-300/day, however, it's a lot of waiting around and waiting for the right offers. I tried it for a bit and did well but the business model didn't suit me.

TheFreshPrince said:

The easiest place to get involved with coin arbitrage is Local Bitcoins. Even when BTC is stable, the rates fluctuate from morning to night like crazy. It's possible to make $100-300/day, however, it's a lot of waiting around and waiting for the right offers. I tried it for a bit and did well but the business model didn't suit me.

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Was thinking the same actually with LBC, but i thought maybe I can use an UK bank for GBP transactions, in the same time I can use my local bank for EUR transaction, i would just be there to catch the gap. Plan under construction On top of that, you can create vendor accounts in LBC with quick fake feedback to catch even bigger gap, profits from the trade + the arbitrage.