so you need gemini account, cex account, visa card, dbs bank account, and what else?

You need to have large reserve to do so, example reason simply because, take the factor of transfer cut off timing, and how long it takes for exchange to trf money to us.

if exchange trf withdrawal to us take 3 workings day, minus Saturday and Sunday, you only have 5 workings day in a week.

You need at least probably 5x of capital, let say your investment is $3360, to continue daily profit.

Not sure how the bank will react though...
If daily $3360x30 it's like SGD100,000. will that trigger MAS to investigate your account?

The best bet is , get 5 different account people to do it XD

We take average of $150-$200 profit/day, it's about $4500-$6000/month

oh btw, buy from GEMINI n sell back to SG Coinhako probably can earn as well

Better to buy at Bifinex and sell at CEX.IO.

Bifinex buying rate is lower than Gemini.

DBS Visa/Mastercard, DBS bank account, Bifinex and CEX.IO account will be sufficient.

Malaysian can't ...

Yup can be done as well but witdrawal from coinhako take 2 or 3 business day. For CEX.IO fund is withdraw instantly to your bank account.

If you noticed during bearish trend, CEX.IO selling rate drop lesser compared to other exchanges. So you will have lesser losses if you decided to sell there.

This post has been edited by Chelsea-Fan: Jun 17 2017, 10:48 AM

i have all the exchanges account you mentioned, and all has been verified..

Only i dont have, DBS bank account

using UOB and CItibank

i check if i sell 5 BTH at cex.io = USD1751.30

USD1751.30 = SGD2422.7645

If i were to sell it at coinhako 5 ETH = SGD2510.95

fyi, the price at coinhako in SGD always 5-7% higher than market price



This post has been edited by blueblueoutofblue: Jun 17 2017, 11:02 AM

I have PMed you my Genesis affiliate code.

Can you please use my code when you decide to make another 100MHz Ethereum contract purchase?

It can be done daily provided you leave half your funds at Gemini or Bifinex. One half to buy and sell for that day then remit back to your Gemini or Bifinex. Remit take 1 business day and it can replenish the fund for next 2 days purchase. The withdrawals from CEX to your bank account is instant if you use visa/mastercard options.

Then the other half fund can use for tomorrow purchase and repeat the cycle again. In doing that, you can trade daily although your fund is delay by remitance 1 business day for clearance. This is the most efficient if you want to do it daily.

The benefit is the coins price movement wont affect you because the duration for buy and sell is just few minutes. Your profit is based on difference prices in those 2 exchanges. You dont need to hold the coins to risk the bearish trend. You can buy anytime when those coins in bearish trend and you will earn even more profit when selling after the recovery.

This post has been edited by Chelsea-Fan: Jun 17 2017, 11:05 AM

Coinhako no support MYR

why malaysia suddenly become so hard to move money

Damn this luno...

The price is not moving at all even BTC has recovered 20%.

This post has been edited by jack2: Jun 17 2017, 11:08 AM

be patience bro

am practically crying every day see my coin stuck in margin polo, cant do anything other than play margin

I am crying too as no one buys from me.

Have you withdraw any money from CEX.IO? Is it really instant?
You need to add on cash advance fee if you plan to withdraw cash to keep the cycle.
Else, your VISA card get so much credit, no?

Bitfinex wire deposit fee 0.1% or $20 min. Eth withdraw fee is 0.005 ETH.

I can tell you, mathematically it is true.. .but practically the profit is just 1-2%..

Try it and you will know.

You are right.

Arbitraging sounds good, but you seldom make any money from it.

Damn, missed this video when it came out: https://www.youtube.com/watch?v=UTlLJccksVU

Too late now? You decide....

buy lo.. now $2

kmarc , now go post at steem!! earn money ~~!~!~@~!

This post has been edited by blueblueoutofblue: Jun 17 2017, 11:37 AM

I have some at 18k sats. Just now nibbled another 5%.