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RE: WARNING: For New or Inexperienced Cryptocurrency Users | How to Avoid Paying Fees

in #cryptocurrency7 years ago

Another thing you could look at is 'arbitrage' between different exchanges. It is pretty nascent currently but there is a lot of money to be made by finding differences between different exchanges and transacting between them.

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It is funny that you mention that because last night while I was purchasing my Bitmain Antrouter, I needed BCH as it was the only currency accepted by Bitmain. I sold some Bitcoin Gold on one exchange that equaled a $390 value (even though at that time it was $375) then transferred that over to Bitfinex who was selling it for $370. After the purchase I moved that back into my main exchange which ended up earning me .26 BTG in the process. As a result my $175 purchase of 2 Antrouters only costed me $71

I am going to look into this more for sure.

Thanks for writing in!!

That's so cool!

He makes a great point and so do you. Awesome. Thanks for sharing folks.