Making profit with arbitrage


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Recently I saw a post about the Nigerian exchanges and i realized that the buying rate is 20-30% higher.

That means that the people in Nigeria buy at +30%, BUT that also means that the Nigerian exchanges buy at +25%.

Simple math:

Buy rate at Coinbase at 05:00 GMT = $929

Sell rate at Naira Exchange at 05:00 GMT = $1155

submitted by /u/pintolax
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247 BTC

Bitcoin News Search

1 News - 247 News - 247 Bitcoin - 1 Search


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