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Exchanges are sites which allow for the conversion of Bitcoins to various world currencies as well as alternate cryptocurrencies.
1
vote
Is instant profitable arbitrage impossible?
So for instance, if you wanted to hold 0.2 BTC and 100,000 DOGE in the first place, then it makes sense to spread them across two exchanges, with 0.1 BTC and 50,000 DOGE at each. …