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Board Beginners & Help
Topic OP
Arbitrage trading
by
Kara3
on 02/10/2023, 15:15:30 UTC
Arbitrage is the strategy of taking advantage of price differences in different markets for the same asset. arbitrage is purchasing an asset in a market where the price is lower and simultaneously selling the asset in a market where the asset’s price is higher.

How to become a crypto arbitrage trader quick guide

_you must  have a crypto wallet.

_ $100 or more

   Find arbitrage opportunities

_Manually monitor cryptocurrency price on different exchange.

_ Use a crypto arbitrage scanner website or app to spot  opportunity.

       Executing the trade
_ Deposit fiat currency into the exchange with lower crypto price.

_Buy the crypto currency at a lower price.

_ Transfer the crypto to the exchange with higher price.

_sell the crypto at the higher price.

_ withdraw you fiat currency from the higher price exchange.

       Risk

_ Be mindful of rapid price changes.

_ watch out for exchange fees that can reduce profit.

_ consider liquidity risk that could make selling at a higher price challenging