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Crypto arbitrage is a type of trading strategy where investors capitalize on slight price discrepancies of a digital asset across multiple markets or exchanges. In its simplest form, crypto arbitrage trading is the process of buying a digital asset on one exchange and selling it (just about) simultaneously on another where the price is higher.
Doing so means making profits through a process that involves little or no risks. The other great thing about this strategy is you don’t have to be a professional investor with an expensive set-up in order to begin arbitrage trading.
What is arbitrage trading?
Arbitrage has been a mainstay of traditional financial markets long before the emergence of the crypto market.
And yet, there seems to be more hype surrounding the potential of arbitrage opportunities in the crypto scene.
Also Read: Best Crypto To invest In 2022
This is most likely because the crypto market is renowned for being highly volatile compared to other financial markets.
This means crypto asset prices tend to deviate significantly over a certain time period. Because crypto assets are traded globally across hundreds of exchanges 24/7, there are far more opportunities for arbitrage traders to find profitable price discrepancies.
All a trader would need to do is spot a difference in the pricing of a digital asset across two or more exchanges and execute a series of transactions to take advantage of the difference.
There Are Three Step To Start Crypto Arbitrage
- You need binance account
- Advance cash Account
- Debit card either master or visa which allow international payment
Debit card That allow You To Spend upto $5,000
As we all no CBN policy did not allow any card spend more than $100 good news there’s a card that allow u spend more $100 you will need to have up to 5 cards from different banks
Also Read: FarmBit Defi
Advance cash Account
Using Advance cash Advcash supports a few different cryptos: Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash and ZCash. The card will however most likely support even more cryptocurrencies in the future.
With respect to fiat currencies, Advcash will support EUR, BRL, KZT, RUB, UAH and USD.As a few of its main advantages, Advcash highlights that it will be easy to fund, that it can handle multiple currencies within the same account and that it will also be easy to withdraw from. Register for Advcash here
Next Step is Binance Account
Binance is a cryptocurrency exchange which is currently the largest exchange in the world in terms of daily trading volume of cryptocurrencies.
It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software
Download Binance Here
How To Make Upto $50 Daily
first then you will do is to Advcash Here
then click on deposit fund if you want to deposit funds you must deposit fund with your debit car matching your name and your must not use virtual card maximum you can spend is $100 but u should chose 85 euro then chose country as Nigeria complete the payment process they may also ask for verification it will be verify within 10-30 minutes
after you have deposit the money open your binance app tap deposit NGN
then choose euro after you chose euro you will see many option choose Advacash input the amount it will prompt you to login into your advcash account after you login confirm from your mail after you have confirm it check your wallet you see your euro there you can covert it to usdt and sale to take your profit
if you have any problem state it below
disclaimer this for educational purpose only