Arbitrage - What it is and how it works
Arbitrage refers to the process of instantly trading one or more pairs of currencies or odds for a nigh risk-free profit.
Usually, this involves two exchanges (this is then called a two-legged arbitrage); although more are, of course, possible.
There are several steps when executing an arbitrage:
Find a suitable ...
Basically there are five main ways of getting bitcoins:
Offering goods and services for Bitcoin
Obtaining for free through micro payment
Asking a friend who already has them to give a tiny fraction for free
Let's start with mining:
first of all I have to warn that currently there is almost impossible to mine by your own. You need to have a ...
Is there space for me on your team?
I have spent most of this year trying to answer the same question, starting with the recognition that I could solve all the technical aspects (web programming, Bitcoin handling, trading engine, server security, etc.).
Technically, you need a website and a trading engine that matches buyers and sellers. Whilst there are ...
A large investor might be trying to move the market.
Sell walls create an impression of a strong supply. This makes some people, unwilling to wait for the wall to break down, pitch their sales offers below the wall. By moving the wall closer to the current bid again, a large investor might be able to move the market to a small extent and then buy at a lower ...
I am developing the ccxt cryptocurrency trading library, check it out on GitHub:
It is a library for cryptocurrency trading and e-commerce with support for many bitcoin/ether/altcoin exchange markets and merchant APIs.
With it you can access market data and trade bitcoin, ether and altcoins with more than 70 (!!!) ...
Shamelessly summarized from this extensive guide on local transactions:
You want to meet in a sufficiently public location, such as a pub or mall, preferably one that has an open wifi.
If you have agreed on terms in beforehand, print out what you agreed upon and take it with you.
If you have not agreed on terms yet, be sure to check the current price of ...
Of course you may trade bitcoins with just anyone without having to pay fees to a centralized exchange.
I think Bisq (formerly BitSquare) may be the best answer to the question; decentralized, free for some definitions of "free", and very low risk due to the escrow system - but not completely without fees, indeed as of 2017 one may end up paying quite much ...
https://www.luno.com (previously known as BitX) trades BTC for ZAR via EFT to South African banks. They have accounts at FNB and Standard Bank. If you have an account at one of those, it will clear faster.
I use this type of trading to accumulate buys at a cheaper price. Ex: if I spend 2 hours buying small amounts of coins so nobody notices the large buys, then I put up a large sell wall ($30k-$45k) to encourage sells. After that pushes down the market from panic sellers trying to under sell my wall, I instantly buy those sells up and remove my wall and then ...
Let's assume you're the outside observer. You see 1 BTC go from aaa to bbb, then from bbb to ccc, then from ccc to ddd, and them from ddd to zzz (zzz being associated with service Z). Can you see how easy it is to figure out that addresses aaa, bbb, ccc, and ddd belong to the same person?
It doesn't even get much better if you split the money to different ...
No, you can transfer fractions of bitcoins easily. From the Myths section of the Wiki:
One Bitcoin is divisible down to eight decimal places. There are really 2,099,999,997,690,000 (just over 2 quadrillion) maximum possible atomic units in the bitcoin system.
The value of "1 BTC" represents 100,000,000 of these. In other words, each bitcoin is ...
Coming from a financial programming side (C++/Network/Trading experience), I would politely suggest that having a web team is not quite enough to make an exchange.
Granted, your average Bitcoin exchange may not need the HFT credentials of your average dark pool or big name exchange. But you're still dealing with a system that needs high uptime, high ...
Some Chinese exchanges don't charge a fee.
Any site that has possession of your bitcoins or dollars means there is at least some risk of getting ripped off.
So unfortunately, what you ask for doesn't exist.
Essentially, you have to factor in 3 fees in a purchase:
1. Deposit fee (if applicable)
This is usually a fee for wire transfers, and from my experience is only relevant if you deposit cash across economic zones, albeit this is slowly reducing to 'anywhere to asia', or outside of the SEPA zone.
Kraken charges 5€ per wire transfer, SEPA transfers are free ...
Found the data on crypto compare
const endpoint = 'https://min-api.cryptocompare.com/data/histoday?aggregate=1&e=CCCAGG&extraParams=CryptoCompare&fsym='+ ticker.toUpperCase() +'&limit=365&tryConversion=false&tsym=' + currency.toUpperCase();
If you want to buy bitcoins with ZAR try trading face to face with some SA locals who have bitcoins. Check out the facebook.com/bitcoinzar page to find other locals who are into bitcoins. You can also try localbitcoins.com where locals trade coins. You could also sell something for bitcoins to get bitcoins, use bitpay for that. Check out www.bitcoinzar.co.za ...
Bitcoin Binary Options are financial instruments that allow you to predict if the price of Bitcoin will rise or fall in a specific amount of time. They are called binary options because there can only be 2 outcomes - either you get your payout, or lose your money.
Each option has a predetermined expiration date and an agreed payout. For example, if you ...
You can easily send your bitcoins from Coinbase to Electrum.
Once logged into Coinbase click on the Send / Request button on your left hand menu. A form will pop up asking for an email address or bitcoin address.
What you want to do is enter in one of your bitcoin addresses from Electrum. Open up Electrum and click on the tab labeled "Receive". You can ...
There is no middle man for using Bitcoin. If all your income and expenses were in Bitcoin, the transfers would have negligible overhead. But what you are looking for is a service that will take your government currency and give you bitcoins. Of course such a service has costs involved.
There are several big exchanges where you only need to trust the exchange ...
How are fees charged?
They are charged in the currency fee set during a trade.
Due to a discreet nature of trade matching process, it's rather tricky to give a definite answer on how each individual fee is applied. However, a good rule of thumb is to choose a fee currency when placing an order, as this is the one in which fee will be subtracted.
Are the ...
No you cannot recover Bitcoin sent to the wrong address.
Many people and businesses use HD wallets that generate a new address each time. If the recipient has provided you with a new address but you send Bitcoin to their old one, it is very likely they will be able to recover your payment.
Privacy is the ...
Buying any crypto from your credit card is same as buying it through any other payment method. both are equally secure.
But always buy it from authentic source only, there are many scamming sites running in the crypto world.
LocalBitcoins.com features a transaction service which guarantees that bitcoins have arrived to your LocalBitcoins.com wallet.
You get a secret code when the bitcoin seller enables transaction service (escrow enabled) on the trade
When the bitcoin seller releases the transaction the seller gets SMS with the your secret code
Ask the seller and if he/she ...
Mining was never supposed to be profitable. And it's a derivative of bitcoin which is already risky speculation.
Don't add the extra, annoying risk-without-an-upside of wondering whether BFL will ship your machine in time to turn a profit. Even they state that there's no guarantee that their machines are profitable.
If you are sure that the price of ...
ICE3X is a new and improved site for South Africans.
Buy and Sell: Bitcoin (BTC) / Litecoin (LTC) / Rand (ZAR).
Links directly to your South Africa bank account. Fast and Direct EFT transfers to our Bank Account, currency storage and quick trading.
A fee is charged over the filled portion. Either the whole order or partial.
If an order was cancelled before a trade took place (0% filled), no fee is charged.
If an order was cancelled after a portion was already filled, the remaining part is cancelled and no fee is charged over the remaining.
A private key can be encoded in a number of different formats:
51 characters base58, starts with a '5'
(for example: 5JrnhhNpRNsC6xPUhLfc4yJEviuRxMcvpcB4pc1opgHTSVi64aP)
64 characters [0-9A-F] hexadecimal format,
for example: 89609C6B52AE0061FB8FFE3AF83528AC24AC637A386FE61D2822128ABE80162F
44 characters base64,
for example: iWCca1KuAGH7j/46+DUorCSsY3o4b+...
LTC/BTC and BTC/LTC are both ratios of purchasing one currency with another.
For example, with LTC/BTC, the price quoted is for 1 LTC (overlying) in BTC (underlying). If the price is 0.025, that is how many bitcoins are needed to purchase 1 LTC. At this price, 2 LTC would cost 0.05 BTC.
The opposite would be equivielnt to 1/x, using the example above the ...
You can purchase any amount of Bitcoin, from $10 USD worth, to $100 USD worth, to a full Bitcoin. It is divisible up to eight decimal places, and you can purchase/send/receive any amount or fraction of a full coin.