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0 pointscelticninja8y ago0 comments

Exchanges don't ban users for exploiting arbitrage, every trade is money to the exchange and it benefits them to enable arbitrage to take place. No idea where you pulled that claim from.

It's also not impossible to trade via bitstamp and bitthumb, sure it may take an hour or so to get your btc from bitstamp to bitthumb but that's not the bottleneck. Once you sell on bitthumb for USD you need to get that USD back to bitstamp. So you have to get it from a Korean Bank to your own account and then to bitstamps European bank account. Best case scenario that route takes 5-10 working days so the BTC network taking an hour or so to confirm is the least if your problems.

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nlperguiy8y ago· 1 in thread

Some exchanges offer fee-less withdrawals (like Bitstamp), which makes arbitrage more profitable. I'm pretty sure they'd ban you ASAP if you're withdrawing like crazy (they are paying your fees in BTC).

As for transfer times for BTC not being a problem, 1 hour is a gamble in cryptocurrency world.

celticninjaOP8y ago

They won't ban you for withdrawing. If you withdraw lots then you have purchased lots, the exchange makes a cut each time you buy. BTC fees are minimal and exchanges can craft more efficient transactions too, so they are not going to ban anyone for making too many withdrawals.

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