BTC Exchanges Question

Mihaita

Power Member

Oct 10, 2010

656

280

• May 17, 2017

• #1

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.

 

sysco32

Power Member

Feb 5, 2014

708

287

• May 17, 2017

• #2

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

 

A

Arkix

Newbie

Aug 30, 2016

20

2

• May 17, 2017

• #3

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

 

tb303

Supreme Member

Dec 18, 2011

1,238

909

• May 17, 2017

• #4

sysco32 said:

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

Click to expand...

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

 

Society Girl

Elite Member

Feb 20, 2014

3,164

2,626

• May 17, 2017

• #5

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

 

Mihaita

Power Member

Oct 10, 2010

656

280

• May 17, 2017
• Thread Starter Thread Starter

• #6

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.)