OP 22 September, 2022 - 12:30 PM
(This post was last modified: 22 September, 2022 - 12:31 PM by Danisolo. Edited 1 time in total.)
In this method we’re going to check prices of certain cryptos and buy/sell them for profit. This is ?not crypto trading, you don’t need to check any charts, have any prior experience, or everything like that. First of all, go to ?https://coinmarketcap.com? and find a certain coin you want to arbitrage. For this example, I will use Waves but you can check certain coins and see which ones will give you the most profit.
As you can see, price of 1 WAVES on Binance is $2.14. Then you can see that price of 1 WAVES is $2.98 on Exrates. Price is like that at the moment, obviously, when you read this, price can be lower/higher or the same. $2.98 - $2.14 = $0.84 profit per 1 Waves. Now that obviously doesn't mean much, $0.84 profit is basically nothing, but keep reading please.. Now let’s say you invest $200 in this method. You’re going to buy $200 worth of Bitcoin at 4% for $208 in total. Then you will head over to Binance (or whatever exchange is the best for your crypto), register an account, deposit your Bitcoin and purchase Waves.
Then I would navigate to the 2nd exchange (Exrates in my case), send my WAVES and sell it on their platform for Bitcoin (BTC) and repeat the process.
LEAVE LIKE & REP ME <3
As you can see, price of 1 WAVES on Binance is $2.14. Then you can see that price of 1 WAVES is $2.98 on Exrates. Price is like that at the moment, obviously, when you read this, price can be lower/higher or the same. $2.98 - $2.14 = $0.84 profit per 1 Waves. Now that obviously doesn't mean much, $0.84 profit is basically nothing, but keep reading please.. Now let’s say you invest $200 in this method. You’re going to buy $200 worth of Bitcoin at 4% for $208 in total. Then you will head over to Binance (or whatever exchange is the best for your crypto), register an account, deposit your Bitcoin and purchase Waves.
Then I would navigate to the 2nd exchange (Exrates in my case), send my WAVES and sell it on their platform for Bitcoin (BTC) and repeat the process.
LEAVE LIKE & REP ME <3
