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Maybe someone should build a Kayak for Bitcoin exchanges, that picks the cheapest exchange for each trade...
by clemens2000 9y ago
Maybe someone should build a Kayak for Bitcoin exchanges, that picks the cheapest exchange for each trade...
- xur17 9y agoThat thought definitely crossed my mind...
- ufotarikati 9y agoWriting the formula for you 1) pick the cheapest exchange 2) sell at expensive exchange price 3) add commission 4) add network fees
- tstyle 9y agoThe formula is more complicated than this. Services such as shapeshift.io guarantee the price for 10 minutes, as well as sending purchased tokens almost instantaneously. To accomplish this means keeping inventory and becoming vulnerable to volatility risk and liquidity risk. Picking a reasonable bid-ask spread is hard, and probably involves more input factors than the 4 you listed above.