Hello steemians!
If you are looking for an easy way to make a quick buck like I did this morning, DO NOT fall for the illusory opportunity to arbitrage the high prices at ZB.com
Couple of days ago a new exchange, gate.io, added BTS to its trading pairs. The BTS is being traded against USDT just like at ZB.com, so, naturally, I wanted to sell BTS for a high price at ZB, transfer USDT to gate.io, buy cheap BTS and sell them again at ZB. Rinse and repeat.
The problem is that ZB.com doesn't allow usdt withdrawals - that's the reason for the high prices there.
You'll be able to sell, but not transfer your money out of the exchange (not in tethers at least)
So don't fall for this illusion, guys!
Stay safe.
Cheers!
