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Topic: What do you guys think of this arbitrage trading company who promises 1% per day (Read 30 times)

administrator
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Isn't there a forum rule against "referral URLs" ?
Yes, it is.

This subsection had a label self promotion
No, it doesn't. Please remove the ref link.
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This subsection had a label self promotion, so I figured throwing in an affiliate link wouldn't be a problem. I can remove it if it's an issue though. I'd still really like some insights on the company, referral link or not.
legendary
Activity: 2940
Merit: 1090

Isn't there a forum rule against "referral URLs" ?


-MarkM-

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I’ve recently stumbled across this company that does crypto arbitrage trading for its users. Crypto arbitrage means you take advantage of small price differences of tokens on different exchanges. You sell the coin on the exchange where it’s higher and you buy on the exchange where it’s lower. The difference is your profit.

The company claims between 0.5 to 1% profit per day. That peaked my interest because if you look at that cumulatively it becomes very profitable. At 0.5% a day you’re looking at like 600% profit in a year because of the compounding effect.

But it also seemed a little to good to be true.. Nonetheless I couldn’t resist and signed up, made a small deposit and indeed I get about 0.5 to 1% of my deposit added to my account. I’ve also been able to make withdrawals successfully so I’m starting to believe this might be worth a bigger deposit. But I’m still a bit hesitant. The crypto space is not unfamiliar with scams/rugpulls etc. I would really appreciate any insights into how legitimate or risky you think this is. What are the green and red flags here?
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