thebitcoinarbitrage.com Review Is BItcoin Arbitrage Scam or Should I Invest

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thebitcoinarbitrage.com Review: Is BItcoin Arbitrage Scam or Should I Invest?

Bitcoin Arbitrage Review: Scam or Paying? thebitcoinarbitrage.com claims it could make you 10%profits from BTC after every eight hours. How true is this? Is it Legit? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review of Bitcoin Arbitrage, we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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What Is Bitcoin Arbitrage

The Bitcoin Arbitrage allegedly offer you the fastest and the most legit way to successfully accumulate your BTC by getting you 10% profit every 8 hours. They claim their sophisticated technology does all the hard work, making sure that every customer is 100% satisfied and that every trade goes through smoothly.

How Does Bitcoin Arbitrage Work

The first step is to visit their Investment page. Their system will automatically generate you a BTC deposit address which you can use for making a Deposit. Your Deposit will appear in the transactions table after 1 confirmation from the network. After 8 hours you will automatically receive your Deposit amount + 10% Profit to the BTC address from which you have made the Deposit. They claim they are the most trusted Crypto arbitrage trading / investing platform. The question now is ‘Is thebitcoinarbitage.com legit?

Thebitcoinarbitrage.com Scam Review: Disturbing Things Found

Most of this scam quick-profit investment schemes are HYIPs. What is a HYIP? It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there.

thebitcoinarbitrage is not a legit investment platform. Don’t be deceived by their promises.

Conclusion

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

Thebitcoinarbitrage.tech Legit?

Check if Thebitcoinarbitrage.tech is legit or scam

Maybe the website has not much traffic but seems safe.

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Report was last updated 6 months ago | Update Now

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Check when Thebitcoinarbitrage.tech domain was created:

The domain name was created 8 months ago.

A shopping website created less than 4 months ago is too new and potentially suspicious.

If a domain name is too “young” we may have not enough details to judge it.

I would not buy goods from an online shop created a few months ago.

Check if Thebitcoinarbitrage.tech uses HTTPS:

The website uses a valid HTTPS (SSL) connection.

An online business that handle payments and sensitive user information must use HTTPS.

The HTTPS connection assures that all the traffic between you and the website is encrypted.

Personal websites (such as blogs, portfolios, etc) do not need HTTPS connection.

I would not buy goods from an online shop that has no HTTPS connection.

Check how much Thebitcoinarbitrage.tech is popular:

The website may not have too much traffic.

The website is ranked #1,012,364 among millions of other websites according to Alexa traffic rank.

Alexa is the most popular service used to rank websites based on their traffic and pageviews.

If the rank is less than 500K the site has a lot of traffic, less than 5M it has some traffic, more than 15M not much.

If the rank is 0 it means the website has no traffic according to Alexa data.

Here is what you should check:

    Check the website reviews on TrustPilotValidate if the website is a certified site by McAfee SECUREQuery the WHOIS database to find the domain ownerSearch for website discussions on Reddit Check if the website has a valid telephone and email address Before buying something contact the website via email I would avoid shopping sites that use free emails (i.e hotmail) A pair of RayBan cannot cost $15 you know right? Make sure the shopping website uses HTTPS connection Check if the website has a Facebook or social profile

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The Beginner’s Guide to Bitcoin Arbitrage

By: Ofir Beigel | Last updated: 11/14/19

The fact that each Bitcoin exchange shows a different price for Bitcoin has given birth to the arbitrage phenomena. In this post I’ll explain exactly what arbitrage is and how it is conducted.

Bitcoin Arbitrage Summary

Bitcoin arbitrage is the process of buying bitcoins on one exchange and selling them at another, where the price is higher. Different exchanges will have different prices for Bitcoin, and some people manage to take advantage of this and generate profit out of thin air.

That’s Bitcoin arbitrage in a nutshell. If you want a more detailed explanation of Bitcoin arbitrage and how it’s conducted, keep on reading. Here’s what I’ll cover:

1. How Bitcoin’s Price is Determined

Before we can talk about arbitraging (i.e. buying at a low price and selling at a high price) we need to understand what “Bitcoin’s price” really means.

On any exchange, the price of Bitcoin is determined by the last trade done on that exchange. Since different exchanges have different amounts of buyers and sellers with different preferences, it’s only natural that prices won’t correlate 100%.

You can view exchanges as closed markets that aren’t directly linked. On top of that, some exchanges have very low trading activity on them which makes Bitcoin’s price on them much more volatile.

As a result, some people try to buy Bitcoins “for cheap” on one exchange and then sell them at a higher price on another exchange. Here is a great video by Andreas Antonopoulos about why arbitrage opportunities exist:

2. A Simplified Example of Arbitraging Bitcoin

Let’s take a simple arbitrage example in order to illustrate how arbitrage is done. At the time of writing, the price of Bitcoin on Bitstamp is $11,561 while the price of Bitcoin on CEX.io is $11,645.

The difference between prices is $84, and this is quite a decent opportunity for arbitraging. Let’s say, you buy 100 bitcoins on Bitstamp at the rate of $11,561 each, and subsequently you sell them on CEX.io at the rate of $11,645 each.

In a perfect world you’d make $87 per Bitcoin.

Let’s get down to the math:

Number of Bitcoins bought in Bitstamp – 100

Price of each Bitcoin – $11,561

Total expenses – $11,561 * 100 – $1,156,100

Number of Bitcoins sold on CEX.io – 100

Price of each Bitcoin – $11,645

Total revenue – $11,645 * 100 = $1,164,500

Total profit – $1,164,500 – $1,156,100 = $8,400

An interesting thing to notice from the example above is that we need a relatively large amount of capital in order to make a substantial profit via arbitrage. However, in real life things are more complicated than the simplified example above.

3. Barriers to Bitcoin Arbitrage

When trying to arbitrage you’ll probably encounter several setbacks:

  1. It may take some time to verify transactions (to and from exchanges), and during this time the price of Bitcoin may change.
  2. Many exchanges require considerable verification steps in order to trade a large amount of Bitcoins.
  3. Exchanges fees, which I have overlooked in the given example, will eat away at your profits.
  4. Transaction volume need to be high enough on both exchanges to satisfy such large orders of buying and selling.
  5. Keep in mind that price differences can also reflect technical issues or reputation issues of an exchange. An interesting example is what happened during the last days of Mt.Gox where the price of Bitcoin was extremely low since traders didn’t trust the exchange to allow them to withdraw their funds (i.e. There weren’t many buyers on the exchange).

4. A Detailed Bitcoin Arbitrage Calculator

Now that you know what you will face in a real live Bitcoin arbitrage trade, let’s take an example that includes all of the different variants and fees involved. Relevant fees include:

  • Fiat deposit fees
  • Fiat withdrawal fees
  • Bitcoin deposit fees
  • Bitcoin withdrawal fees
  • Transaction fees (i.e. trading fees)

I’ve taken the liberty to create some sort of Bitcoin arbitrage calculator using a Google spreadsheet to show you how hard it can be to actually generate a profit.

Take a look below:

If you want to clone this calculator for yourself, feel free to make a copy using this link. As you can see, my “real world” profit comes to about a $10K loss, while I’ll need over $1.1M in capital. All of this suggests that making a profit through Bitcoin arbitrage is quite a difficult task.

In the case above, the main thing that’s eating away at my profits is the withdrawal fee from CEX. Once you get to deal with such large amounts you can reduce your trading and withdrawal fees by using OTC (Over The Counter) services.

Keep in mind that he bigger the spread (difference between buy and sell values), the more profitable the arbitrage. However, it still doesn’t amount to much unless you put large amounts of money at risk.

Another thing to take into account is that it can take up to 7 days for fiat deposits to appear on an exchange due to how slow the banking system is.

During that time, the spread can change drastically and eliminate any chance for arbitrage. So, the best tactic would be to keep some fiat currency on the exchange and choose the right time to execute the arbitrage.

Finally, any time you keep money on an exchange you’re putting your money at risk, as exchanges getting hacked or going out of business is unfortunately still common these days.

As I’ve demonstrated, you’ll need to keep a large amount of money on the exchange in order to be mildly profitable, so I’m not sure it’s worth the risk.

5. Frequently Asked Questions

Is Arbitrage Illegal?

Arbitrage is completely legal as the only thing that is being done is exploiting price gaps between exchanges. A person conducting arbitrage is just buying and selling as any other trader would do.

6. Conclusion – Should you try to Arbitrage?

The act of arbitraging Bitcoin is not as simple as it may seem at first glance. Overall, Bitcoin arbitrage may be an opportunity to make some passive income, but at the same time it involves huge risks.

Arbitrage is actually a positive process, unlike speculation, margin trading and other activities that can be viewed as market manipulation, and in some cases may even be truly harmful to the market as a whole.

Bitcoins should have the same price across all exchange. Arbitrage simply helps bring the exchanges together to the same page. As Bitcoin’s market grows, the gap between exchanges will narrow, as more and more people will conduct arbitrage.

As for the ‘how’, nowadays almost all exchanges have an API which can become a useful arbitrage tool.

Utilizing these APIs will allows you to create a custom arbitrage bot, so that you don’t have to sit in front of the computer all day. Still, even attempting to arbitrage manually can be very beneficial, as long as you watch closely and make sure you are placing simultaneous trades.

If you’ve had any experience with Bitcoin arbitrage I’d love to hear about it in the comment section below.

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