Topic: Arbitage trading - page 6. (Read 661 times)
You can make money off of it, yes, but it doesn't mean that you'd always do. It's gonna take you some time to adjust since you'd need to move in that time span where there are still profits to be made. There's a bunch of steps you need to do beforehand that others have already said, plus you actually need luck to actually make the trade a success. I'd honestly suggest on not doing it anymore tbh, I don't think the risk and effort is worth the profit you'd actually make.
COOLCRYPTOVATOR is right, not advisable for beginners, this is needed experience but it can be practice and make it perfect.
I already heard a lot of good news and good profits for just doing arbitrage trading, but yeah, the risk is still there which is already mentioned above.
Another thing I can add is to make sure to read the TOS (Terms of Services) of every exchange you will use so you will avoid your funds will get trapped.
I already heard a lot of good news and good profits for just doing arbitrage trading, but yeah, the risk is still there which is already mentioned above.
Another thing I can add is to make sure to read the TOS (Terms of Services) of every exchange you will use so you will avoid your funds will get trapped.
Generally arbitrage trading benefits someone with funds in a lot of pairs on a lot of exchanges as you can do immediate buys and sells. This is the main way it works, I've seen divergences between prices of coins like eth last a long time when we're in a bear market but I still wouldn't rely on that.
Also take into account: a lot of exchanges might scam, especially the non major ones. And there's also trading fees to account for that you'll have to beat.
Of course, there are all the bits to consider as pointed out by @jackg but in the light of the market volatility you must be confident that by the time you move your funds across (obviously limited by the networks used) that arbitrage opportunity is still there - something you can't guarantee all the time. Also take into account: a lot of exchanges might scam, especially the non major ones. And there's also trading fees to account for that you'll have to beat.
Also using different exchanges you might also not want to cross CEXs with DEXs, perhaps not that relevant to you but something to think about, and lastly make sure that after accounting for fees you're left with some profit otherwise the hassle is not worth it.
legendary
Activity: 2436
Merit: 1189
Need Campaign Manager?PM on telegram @sujonali1819
Yes, trader can make profit by doing arbitrage trading. And I have did it also some times in past. What generally I did I checked the token price in some exchange and rarely I have being seeing one exchange is 10% higher price than other exchange. So what I did , just withdraw the token to 10% bigger price exchange and exchange them and later withdraw it again. But this is not so easy what I have said. You have to notice many things during making this trade. For example:_
. Choose a reputed exchange
. Make sure you have known about the exchange. better to check with small amount first time.
. Make sure where you deposit the token has withdraw opened for that token
. Make sure the exchange does not ask kyc for the new user
. Make sure the exchange has fast withdrawal system
. Also make sure the exchange has a good volume so that you can sell your coin successfully
. etc
. Choose a reputed exchange
. Make sure you have known about the exchange. better to check with small amount first time.
. Make sure where you deposit the token has withdraw opened for that token
. Make sure the exchange does not ask kyc for the new user
. Make sure the exchange has fast withdrawal system
. Also make sure the exchange has a good volume so that you can sell your coin successfully
. etc
Arbitrage trading is quite complicated for beginners. It's because you have to find an indifferent exchange if you want to arbitrage trading. The main problem is the price will be lower in the worst exchange and you might face problems during the withdrawal of your coins. They might block your account or freeze the fund and many more problems. Also, there is transaction time required so just make sure the chosen exchanges are reputed and the coin is not a shit coin. I just heard about this but did not try myself ever, and I don't have any intention to do so. Because it looks like gambling to me, you don't know what is going to happen after an hour.
I saw many youtube videos saying that anyone could make money from this type of trading.
Just think a little: if anyone could do that, much more people and companies would do it.
The risk is there: unless you have big funds on all major exchanges, the price difference may be gone until your transaction is confirmed.
Then you have to know the exchanges very well: usually those that stand out with big price difference have issues - either very low volumes, either withdrawals (or even deposits) not working (temporarily or forever/scam). Also most exchanges need KYC and you cannot know how many of them will sell that information and what will be done with that (the more places you submit that info, the higher the chance somebody will misuse it).
I saw an opportunity to make a profit by arbitrage trading. The price difference in some exchanges seems like it could make a profit. I'm just thinking, not sure. does it could really make any difference because if any transaction takes more time then any trader will lose the initial money.
I saw many youtube videos saying that anyone could make money from this type of trading. Need suggestions from professionals.
That's the only concern in arbitrage trading that you might get stuck with your transaction and you'll miss the profit as the price goes up and down so fast. I saw many youtube videos saying that anyone could make money from this type of trading. Need suggestions from professionals.
You can have your test run and see if you'll be able to take advantage and arbitrage from exchange to exchange and if that's effective for you. You can share it here if you want to but if you don't want then that's fine.
Yeah I see a lot of videos on Youtube and I don't try it myself usually the % difference is not that big let's say 0.5% or 1% but imagine if you have a lot of funds and arbitrage trading is a sure win method. I think you will have a good profit out of it.
There's a opportunity but wouldn't work 100% since it need a right timing, you also need a huge capital if you want to use this trading type otherwise you will lost since the fees (buy, sell, send) overtake the profit differences.
Not all exchanges are legit and trusted, don't get tricked with interesting price (e.g. paxful, localbitcoins) it's full of scammer. The legit differences only 0-0.5-1%.
Not all exchanges are legit and trusted, don't get tricked with interesting price (e.g. paxful, localbitcoins) it's full of scammer. The legit differences only 0-0.5-1%.
Generally arbitrage trading benefits someone with funds in a lot of pairs on a lot of exchanges as you can do immediate buys and sells. This is the main way it works, I've seen divergences between prices of coins like eth last a long time when we're in a bear market but I still wouldn't rely on that.
Also take into account: a lot of exchanges might scam, especially the non major ones. And there's also trading fees to account for that you'll have to beat.
Also take into account: a lot of exchanges might scam, especially the non major ones. And there's also trading fees to account for that you'll have to beat.
I saw an opportunity to make a profit by arbitrage trading. The price difference in some exchanges seems like it could make a profit. I'm just thinking, not sure. does it could really make any difference because if any transaction takes more time then any trader will lose the initial money.
I saw many youtube videos saying that anyone could make money from this type of trading. Need suggestions from professionals.
I saw many youtube videos saying that anyone could make money from this type of trading. Need suggestions from professionals.
Jump to: