What Do You Think Of Crypto Arbitrage Trading?

As a cryptocurrency investors am sure you are used to the usual trading, staking or holding. Well while these are good ways to make money there are also other ways you can make money through cryptocurrency.

If you learn or master this techniques you will find yourself earning in different ways from cryptocurrency. Although I recently started day trading, but day and swing trading is a good way to earn nice profit with cryptocurrencies. We all know that the prices of cryptocurrency increase and decrease, due to the crypto volatility, it’s left for you to tap into it by taking advantage of the swing price by day trading or swing trading. You will have to be good in analyzing the market, you can choose to buy the coin at the support level and sell it at the end of the day when it gets higher. That will give you something close to 5 - 10% cool profit.

This can be mentally draining at times because no one knows the direction of the market, so you are kind of guessing and predicting based on your analysis and what you think the market movement will be. But if you can’t do that, you can go for the long term investment. This is done by holding your coins that you boldly and confidently know have a long term value. You can buy when it’s cheap, hold and sell of later in about 3-5 years and make huge profit.

We also have the option of crypto arbitrage, this is making use of the different crypto exchange prices. Coins have different prices on different exchanges because most of them are not regulated so it’s easy to be listed with the price the crypto exchange platform finds better. This strategy of making profit is less risky because you just making profit based on the price differences between exchanges . For example, crypto exchange A has a coin listed for the price of $10 and crypto exchange B has the price of same coin for the price of $10.1, to profit from the price difference , you buy from crypto exchange A and sell to crypto exchange B.

This opportunity is not constant because if it was constant lots of people will be making lots of money on it, but you can find such opportunities during the high volatility market time. My first time utilizing the crypto arbitrage was when Binance and other crypto exchanges listed a coin, the volatility on that coin was pretty very high, I bought the coin on a smaller exchange platform and sold it on Binance and found out I made more profit. Didn’t know what the name was but I know I made profit. Reading about arbitrage brought back the memories, then I took some time to check some price statistics, I realized that smaller exchanges price are higher than that of higher exchanges platform.

P2P trading can also help you make some cool profits especially Nigerians. Nigerians don’t have choice anymore, they have to use P2P to trade their cryptocurrency for fiat. On P2P you can set the price you choose to set it and make some pretty cool profit when you find someone that is willing to buy your coin for that price.

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