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Local BTC exchange is trading BTC with a 13% premium over BTC-EUR rate, so, for example, if I have 1 bitcoin I can trade it for 1473 Reals (BRL) and then trade 1473 Reals for 489 Euro (at 3.011 rate) and buy 1.132 BTC at current rates on BTC-e (July 30, 2014, 19:19 UTC) with a 13+% gain
Transferring Reals to Euro, if you are a legal resident in Brazil, will cost you no more than 4%, and even paying another 4% for additional fees you end up with 5% gain...
I guess the same is valid for USD.
Has anyone ever tried that?"
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