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Exchanges are sites which allow for the conversion of Bitcoins to various world currencies as well as alternate cryptocurrencies.

8 votes

Why don't people buy at one exchange and sell at another?

The volume for either exchanges is not high enough yet to support big trades. Large profits require large trades (in arbitrage). … Making $1,000 may be feasible between exchanges, but that's an extreme best case scenario and using 10k in capital! …
finance guy's user avatar