How to use paybis for crypto arbitrage with your Naira Debit Cards in Nigeria in 2022

Arbitrage trading is very common amongst traders of financial markets. But how does crypto arbitrage work?

How to use paybis for crypto arbitrage with your Naira Debit Cards in Nigeria in 2022


What is Crypto Arbitrage trading?

Cryptocurrency Arbitrage is a trading method that takes advantage of price differences seen in different exchanges. Traders who utilize this method, buy a cryptocurrency on an exchange where the price is below the average and subsequently sell it on another exchange where the price is above average. 


Is Crypto Arbitrage worth it?

Yes and no. It really depends on three things:


  • Your trading skills
  • The amount of money you are willing to trade
  • The amount of risk you want to take for a small amount of profit

We personally think that arbitrage trading is quite risky as it requires speed and precision. If you are willing to give it a try, make sure you get a good grasp of how this trading method works and only use money that you can afford to lose. 


Usually Zenith bank and FCMB cards work well on paybis, Access master cards too.

Now all you need to do is, fund your Account with about 50,000 Naira, you will have to spend less than that to make profit on a $100.


Now I assume you must have a verified Binance Account, than you copy the Address of the coin or cryptocurrency you wish to purchase on paybis. Be careful so you don't make mistake because that would be a complete loss of funds. I recommend you starting or practicing with a lesser amount and after you have got the steps right you can complete it depending on the limit placed on your Naira card. 

For example you can decide to buy USDT under TRC-20 network, copy the address like that from your binance, then go to paybis and purchase crypto, you can choose the currency to buy and then paste the address there, as soon as the transaction is complete you would receive your coin In your binance wallet. Then you can head over to Binance p2p and sell and make profit.


If you have any questions, ask in the comments box and I'll answer you.

I hope this is clear enough


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6 Comments

  1. The. Bank cards that worked with paybis. Is it a debit card or a credit card. I have tried FCMB master card, failed.

    ReplyDelete
  2. Moreover, FCMB said, they only give VERVE OR MASTER CARD FOR NOW. So please, which other card will work on paybis?

    ReplyDelete
  3. Can I use someone else's card on this platform to purchase Crypto?

    ReplyDelete
    Replies
    1. no you cannot, it is not advisable to use third party cards on any site for arbitrage

      Delete

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