New Arbitrage Update! how to use coinmarketcap, binance and other big exchanges for crypto Arbitrage
This is a new update that you would not see or hear about easily.a little risk is involved and you'll have to be careful but thats why i'm here to make sure you dont make those mistakes.
1. first of all go to coinmarketcap.com
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i'll advise to open it with a desktop so you'll understand what i'll be showing you clearly
2. search for litecoin or any crypto that has volume and as well low transfer fees or gas fees, but i'll be using litecoin for this tutorial.
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then click ityou'll see something like this 👇
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3. Click that market tab at the top left corner, next to overview
you should see something like this 👇
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in this screenshot, on binance 1 litecoin is $52.63
4. click pairs at the top right corner and change it to USDT
you should see something like this 👇
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now click price
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when you click price you will be able to see different exchanges that trade litecoin at a different price
like you could see that binance was tradind at $52 while bitwell is trading at $57
which means if you buy at binance and transfer it to bitwell and sell you'll get a $5 profit and you can do this unlimitedly in a day.
Note: i advise not to trade with exchanges when the volume is 0%, it'll be very risky but the more the risk, the more the reward
Goodluck!
Any questions? ask in the comments.....
1 Comments
About the volume .. if the exchange volume if 0.something percent is it safe to trade or it’s only when the exchange volume if pure 0%
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