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BTC Exchanges Question

Discussion in 'CryptoCurrency' started by Mihai1555, May 17, 2017.

  1. Mihai1555

    Mihai1555 Regular Member

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    Newbie question here.

    I got a bitcoin at bitstamp.net (Current price 1781$/btc)

    But I see other exchanges like bitfinex.com (Current price 1860$/btc)

    What if i transfer between them, will I make any profit or the fees are to high ?

    Thanks.
     
  2. sysco32

    sysco32 Jr. VIP Jr. VIP

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    Why don't you check how much are the fees and calculate it? Dam
     
  3. Arkix

    Arkix Newbie

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    You used to be able to make a profit from arbitrage between exchanges, I'm not sure if you still can.
     
  4. tb303

    tb303 Power Member

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    This. And don't forget to factor in the btc transfer time for the fee you send.
     
  5. Society Girl

    Society Girl Moderator Staff Member Moderator Jr. VIP

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    This is a bit of a "I'm too lazy to research" threads. Also, why did you buy and 'then' look at exchanges?
     
  6. Mihai1555

    Mihai1555 Regular Member

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    Yes, you're right, I'm a bit lazy, I wanted to know if someone else was doing this and actually making a profit and I did not buy it, I received as a bday present.(Ya, was hard for me to believe too.)