Hello, guys!
I am in the crypto industry relatively recently, it is interesting to know / understand how trading of crypto-currencies / tokens on different exchanges operates.
Wich problems and disadvantages do you encounter when trading with crypto currency?
What currency pairs do you use (more convenient and practical in terms of output / input to exchange)?
How much can you earn on arbitrage?
I will be grateful for the answers.
Abritraging is a great way to make money in trading if you are experienced enough as a cryptocurrency trader. However, as a newbie, you may not want to jump on arbitraging just yet. You can actually learn about the complete A to Z about arbitraging on NewsCrypto platform by taking up their online courses. Youtube videos are also helpful as well, and other platforms such as TraderCobb, Udemy, etc.
It’s kinda risky as well because transferring your BTCs to another exchange could take several minutes to almost an hour plus transaction fees. Each exchange have different prices of Bitcoin and other altcoins. Anything could happen if there is going to be a sudden dump after your transaction hash is completely validated or reached the number of required confirmations.