Good arbitrage opportunity on BTC USD/BRL. Buy BTC with USD on Coinbase, sell for BRL in MercadoBitcoin, send USD back to original account. 17% spread each round, I estimate costs at around 2%, so 15% profit for each round. The graph shows spread for this operation over time.
And if someone want to to change R$ for USD let me know. Send private message please. Thanks for sharing!
isslerman
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Hello there, this is a nice trade to do, but to close the cycle and I'm think the most difficult is how do you send your USD back to original account? I'm trying to do the opposite too but CoinBase do not allow me to create an account because I'm from BR. Any other exchange that I can use? I think gemini is an option.
IsraelLot
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@isslerman, There's no easy way to do it if you don't hold bank accounts on both countries.
isslerman
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@IsraelLot, Yes I have in both and at this moment, I think the best way to send is use TransferWise to send from BR to US. But take some time and have some limitations. I can use Gemini, but only with BTC. Looking for another one that I can do the account and trade LTC too. Looking for recommendations.
Barataribs
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@isslerman, Any news/thoughts on that? I was looking for some other ideas besides trasnferwise like
isslerman
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Sorry I'm trying to put a commend but is saying that only English is permitted...?!
isslerman
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Hello!
rafavcc
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Coinbase is out... Confirm?
IsraelLot
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@rafavcc, Seems so. But any other USD exchange is valid for this analysis.
rafavcc
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@IsraelLot, which one r u using? My account on Poloniex is still being validate.