Cryptocurrency Arbitrage

cguy said:
In general I would caution against any type of arbitrage trade. Anything worthwhile is going to be captured by the big players, who can do it faster and more safely than you.

Something that looks immediately profitable probably has hidden costs that you aren’t aware of (transaction, taxes, exchange, etc.).

Something that still looks profitable after this probably has hidden risks (retroactive tax policy change, platform volatility, fraud, liquidity loss, price shocks, etc.) that you aren’t aware of. The trade may even appear to work, but only because you haven’t participated long or frequently enough to hit one of these events that would create a massively disproportionate loss.
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This is the cryptocurrency subforum...
 
backstreetboy said:
Yes but everyone but the girl knows the crypto price in SA is higher so even with the transaction and forex cost you still make money.
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Ah, free Money. Got it. ;)

My point was that there are undoubtedly risks associated with this. See my 3rd paragraph. One believes they’re profiting, but they’re actually being paid to take on risk.
 
Bump to an old thread. Which overseas exchange do people use these days as payments with Kraken are difficult?
 
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