I have heard that there are people who earn income by trading arbitrage. I am very inexperienced at this. Which token or coin do you think would be suitable for arbitrage trading?
I tried several times arbitrage trading. But for now, not really.
Commonly, I will choose some coins or conditions that are:
- The tokens or coins have low withdrawal fees
- The availability of some networks to lower the fee such as TRC, BSC, and or other lower fees. Because if it uses ERC20, I will not choose it because of the high fees.
- The speed of withdrawal from the previous exchange and deposit process on the exchange. COnsider if it still has enough time to take profits.
- Some coins have commonly low prices but different gaps enough from one exchange to another.