forex.pm forex forum binary options trade

 Š”ryptocurrency exchanges => Binance - Š”ryptocurrency exchanges => Topic started by: Bitcoin on Mar 17, 2022, 04:54 pm

Title: Why are there fees for arbitrage trading and wallet transfers?
Post by: Bitcoin on Mar 17, 2022, 04:54 pm
Why are there fees for arbitrage trading and wallet transfers?

Deciding which exchange to buy BTC from (and sell at a future date) I wondered if I could choose one with the best fees for buying and a separate one with the best fees for selling and if this is even allowed.


It is as I read in other threads but there seemed to be a fee for this type of operation. I thought when you bought BTC from an exchange it would be exactly the same BTC (not a wrapper instrument) as if you bought it from any other exchange. How could there be extra fees if the exchanges themselves can't tell where the BTC in your wallet came from?


I also struggle to understand why there would be fees to transfer BTC from one wallet to another. A wallet AFAIK just stores private keys, anyone in possession of those keys (like yourself) could just register in another wallet and use that private key to transfer the BTC to your second wallet. I'm sure there's a hole in my reasoning somewhere.


Source: Why are there fees for arbitrage trading and wallet transfers? (https://bitcoin.stackexchange.com/questions/101644/why-are-there-fees-for-arbitrage-trading-and-wallet-transfers)