Did you know that you could make money in Crypto through arbitrage? I believe arbitrage is a Business!
Let's hear from the horse mouth, all you are saying is theory. It would have been better if you share the recipe of the arbitrary trading by example. It will make more sense if you do that and everyone will learn practically and not by the book
There are lots of opportunities that could be explored during these moments and as we head to the bull run, let us explore them!
For example, one could buy coins cheaply in China or any other country and sell it at a higher rate to a country where there is high demand for the coin.
For us to enlighten one another, what could be some of these countries that are in high demand of Bitcoin or USDt & how can we leverage on arbitrage opportunities?
Do you think this is an avenue that we can potentially use to earn a living and be financially free?
I look forward to your messages.
Thanks.
Same China that has ban bitcoin for some years now? They should even be the ones to have less rate because if you have a bitcoin to sell in China, you will only have less buyers and you will be stuck with low patronage and might only settle for less buyers and if you are buying, you will only see less volume of bitcoin as buyer and that is even more risky thing to do because if anything goes wrong, you assets will be seize instantly.
The only way you can enjoy arbitrage trading is between two exchange, if one is illiquid you can find cheaper rate their and bring to larger exchange with volume. However there are some challenges in arbitrage trading such as:
- Withdrawal fees might not be friendly, coins Bitcoin and ethereum are bad for this business right now because the fees are insane.
- Only few altcoins does bring arbitrage opportunities nowadays, bitcoin and ethereum will be quickly bought and altcoins are very tricky especially if you are buying and selling between two exchanges that has less volume, so you have to be careful especially the MEME market.