It is Not Possible to Arbitrage South Korea’s Cryptocurrency Premiums Without Breaking Laws
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I am Korean and living in United States. Bitcoin arbitrage korea can use Bitcoin arbitrage korea, but they required too many things like scanning documents that I have to fill it up. Coinbase is easy to use, but I think they take too much commissions. I've heard if I use Gdax, I can set the price that I want to buy, but Coinbase on app or website, I can only buy at the market price; however, in Korea, you only can buy Bitcoin or Ethereum on the Korean bitcoin arbitrage korea.
Top three Korean exchanges, Korbit, coinone, and Bithumb are well distributed, so prices are various every moment at each exchange. The high competitions among these three exchanges stabilizes the price. After you sell your Bitcoin, you can withdrawal Korean fiat money to your bank account within 30 mins, usually less than 10 mins. If you know the fact that it takes 7 days to deposit on Coinbase and days to withdraw from Coinbase, taking 10 - 30mins is enough to make you surprise.
The thing is the price at each exchange can be firmed although it is a bit high due to easy deposit and withdrawals. If the Bitcoin price is more expensive at one exchange, you will sell it and buy it at other exchange that sell Bitcoin in cheaper price. These are major coins that three exchanges deal with, and all of them set up at higher price.
If you buy bitcoin in US and sell it in Korea, it is arbitrage trading. The problem is Korean exchanges require your Korean phone number that must match with your name and Korean bank account. This barrier lets Korean exchanges separate from the price of other bitcoin arbitrage korea.
They are more convenient and accessible only for Koreans which makes them more legit and valuable. I remember that MtGox had higher than other markets prices because thay had KYC policy and long pay out times. Oh I didn't know mtGox had higher price. I hope Korean exchanges do not follow mtGox: I hope there is a way to buy the other exchanges.
I feel interesting but weird that one product has bitcoin arbitrage korea many different prices. In my country I can have cash from bitcoin in less than 30 minutes too but without bank intervention. In the philippines we have so many remittance center and some of them are affiliated with my wallet.
Then if international ppl travel to philippines, is it easy to take money out there with bitcoin or ethereum? As crypto market grows in Korea, the greater its influence will be in the whole market. Now really is a goodtime to buy btc! Indeed, an arbitrage need a korean bank card. I've been trying to do an arbitrage between China and Korea, with a friend's help, here is my experience. I was bitcoin arbitrage korea to post a similair post. Buy low, sell high, it seems so simple but most investors still don't seem to get it: EtherDelta is a Goldmine, insane arbitrage opportunity https: If you interested in financial transactions arbitrage contact me skype: Why don't you just create an account at a Western market e.
Or is that not possible for Korean people? Are Korean people allowed to buy crypto's at several markets, or one market only? How does bitcoin arbitrage korea government monitor this? I am looking for a Bitcoin arbitrage korea partner to trade bitcoin.
I am based in Bitcoin arbitrage korea. I will sell bitcoin cheaper than Korean price. I plan to do continuous trading with you. We can start at 0. Why Korean buy expensive Bitcoin?
Authors get paid when people like you upvote their post. It is expensive, but I bought inevitably. Then how do you get the cash out without bank account? Thanks for letting me know. I will go there without fiat money: In case you need assistance, you know where to find me. The influence will keep bitcoin up: Hello I am looking for a Korean partner to trade bitcoin.
I can also trade with you via face to face meeting in Seoul or in Philippines. I am doing this business for long term so our business relationship is important to me. If you are interested please email me at 40x15y bitcoin arbitrage korea.
