Bleutrade bleutrade.com is an upcoming exchange in Brazil
In a recent announcement by bluutrade and smartcash official twitter handle twitter.com/scashofficial it has been announced that bleutrade bleutrade.com would add smartcash as a currency thyat can be traded on this new cryptocurrency in Brazil.
It may be noted that there are a number of cryptocurrencies trading exchanges that one can choose for trading smartcash.
Every time a new crypto exchange comes up that starts accepting smartcash as a currency that can be traded it gives users more options.
Mutual competition between exchanges would surely give rise to healthy competition.Better service and lower fee would definitely woo the customers.
Currency pairs : bleutrade.com has 4 smartcash trading pairs these are as follows
$BTC
$ETH
$DOGE and
$USDT
Looking at the $BTC and the $USDT vs smartcash pairs I am inclined to believe that there may be some interesting arbitrage opportunities.
As there are times when a currency pegged against BTC and USDT moves in different directions.
However please consider the fact that these arbitrage opportunities are existing for a very short time.
To take use of such opportunities one needs to have a very deep understanding of the cryptocurrency
The speed of trading is the next important thing. As arbitrage pportunities across exchanges or across cryptocurrencty pairs may appear for a very short duration.
Yet for the people in Brazil it offers a more way to get smartcash.
As it makes their lives easier due to its fast transaction time and transparency.
Whats is so interesting about smartcash is that it has a negligible transaction fee.
At a transaction fee as low as 0.002 to send smartcash means you can send money with a transaction fee of
0.002 X $0.09 = $0.00018
Which is much less then any other fiat mode of money transfer
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