Bitcoin Buy One Exchange Sell Another Direct
Leo leaned back as the sun began to peek through his blinds. After subtracting the from both exchanges and the mining fee for the transfer, his "risk-free" $1,200 profit had shriveled to about $750.
Now came the nerve-wracking part: the . To sell the Bitcoin on Exchange B, he had to move it across the blockchain. He pasted his deposit address , double-checked every character, and hit send. The Waiting Game bitcoin buy one exchange sell another
It was 2:00 AM when Leo’s custom let out a sharp ping. On Exchange A , a large sell-off had momentarily crashed the price of Bitcoin to $64,200. Meanwhile, on Exchange B , the price remained steady at $64,800. Leo leaned back as the sun began to peek through his blinds
Are you interested in learning more about the traders use to spot these price gaps, or To sell the Bitcoin on Exchange B, he
On his second monitor, he watched the price on Exchange B. It began to wobble. Other traders—or faster —had noticed the price difference. The $64,800 price point started to slip: $64,750... $64,700. The "spread" was closing. The Settlement
He didn't hesitate. He executed a , offloading the two coins instantly. The Aftermath