in south africa, you can do bitcoin arbitrage by buying on coindirect. The trick is to buy using your credit cardcheque card on coindirect where credit card purchases are cheaper than other payment methods and sell at luno where bitcoin is sold at the local premium.
The info below shows the current arbitrage opportunity when using either eur or gbp as your foreign exchange currency. As an example, if you want to take advantage of the gbpbtc arbitrage opportunity you will need to fund your binance jersey account with british pounds and sell the bitcoin on valr.
bitstamp in usd ()) and transfer it to the secondary market (ie. Com in zar (rand)) where you sell it at a profit (arbitrage average margin in south africa is anywhere between 3 & 7 for btcusd to btczar). Price can move against you in the time it takes to transfer the asset from exchange a to exchange b.
An interesting thing to notice from the example above is that we need a relatively large amount of capital in order to make a substantial profit via arbitrage.
An arbitrage is a perfectly legal and relatively risk-free method to profit from inefficiencies between two particular markets. It exists when the price of bitcoin is cheaper on one exchange.
The ovex arbitrage service is a product that is designed to exploit mismatches in the price of bitcoin in u. Over the past 4 years, btczar markets have traded at an average premium of 4. The arbitrage service enables ovex customers from south africa to use their.
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