Anyone familiar with PerfectMoney crypto exchanges?

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Hunter Marlowe

Hunter Marlowe

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Hi everyone, for a long time I've noticed the crypto exchanges that accept PerfectMoney are usually 3-7% higher than US crypto prices. I've always been interested in exploiting sites like yobit.net but never found a way to withdraw PerfectMoney for less than 3-7% for US citizens.

Is anyone in this arbitrage business or want to discuss?
 
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Hunter Marlowe said:
Hi everyone, for a long time I've noticed the crypto exchanges that accept PerfectMoney are usually 3-7% higher than US crypto prices. I've always been interested in exploiting sites like yobit.net but never found a way to withdraw PerfectMoney for less than 3-7% for US citizens.

Is anyone in this arbitrage business or want to discuss?
Click to expand...
Use Paxful better than anything
 
Digitly said:
Which crypto do you want to exchange?
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Well any of them could be routinely exploited if there was a US-residing person and a non-US-residing person with a good relationship. The limit would be the volume of these smaller markets

Deleted member 1924571 said:
Use Paxful better than anything
Click to expand...
Idk their exact fee percentage but Ive checked Paxful before (and everywhere on google it seems) and the fees were still higher than the arbitrage opportunity.

I think what it would take is a US person (for USD prices) and someone who can withdraw directly from PerfectMoney (not US)
 
Hunter Marlowe said:
Well any of them could be routinely exploited if there was a US-residing person and a non-US-residing person with a good relationship. The limit would be the volume of these smaller markets
Click to expand...
Interesting dm me we can discuss
 
After further PMs and research, it seems there are conversion fees when you withdraw from PerfectMoney to currency that is not USD or EUR. I suggested some kind of USD offshore bank for the non-US person might could make it possibe. Getting USD to EUR on PerfectMoney for verified accounts is only 0.5% which is doable.

This further restricts the opportunity to a US Person and a non-US person with EUR bank account or offshore USD account or offshore EUR account.
 
zardoz88 said:
Did you try self hosted P2P exchange like RoboSats ?(self hosted on your own BTC and Lightning Node) i can help you with that.
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I had tried LocalBitcoins but the prices are always higher than the arbitrage opportunity from what I've seen. I will check this out tho, thanks!
 
Hunter Marlowe said:
Hi everyone, for a long time I've noticed the crypto exchanges that accept PerfectMoney are usually 3-7% higher than US crypto prices. I've always been interested in exploiting sites like yobit.net but never found a way to withdraw PerfectMoney for less than 3-7% for US citizens.

Is anyone in this arbitrage business or want to discuss?
Click to expand...
P2p Binance accepts it in some select countries. Check it out.
 
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