This article will explain in short the pitfalls of crypto arbitrage trading in general. Also, the proven solution to this with the Arbitly trading platform.
As of writing this article, there are almost 1,000 different cryptocurrency exchanges operating in the entire crypto market globally. Moreover, this huge number of cryptocurrency trading platforms can be seen as a great opportunity. Especially for those who want to take advantage of crypto arbitrage trading.
But what is arbitrage trading exactly and what are some of the things you should consider when thinking about executing this strategy?
Crypto arbitrage trading in short
Arbitrage is when a trader purchases an asset in one place and sells it in another. All this to profit from a deviation in price between markets. E.g. 1 $BTC costs $25,000 on Binance but it’s currently also trading at $24.700 on Kraken. So you purchase your Bitcoin on Kraken and hopefully, you will be able to sell it quickly enough on Binance to make that $300 profit.
This is an easy >1% profit and many traders are excited about the prospect of making a few bucks this way. In particular, they profit from the discrepancies between exchanges especially when there are zero risks involved.
So if this is a winning strategy that could lead to financial freedom, why isn’t every trader practicing this method? As with everything in trading and life, there are some things you should take into consideration before executing this trading method for real.
The pitfalls of arbitrage trading
Now just hold on a little before you start signing up for all different types of exchanges. For instance, crypto arbitrage trading has some serious pitfalls and most traders have to conquer these first before getting profitable:
- Wallets on exchanges are often temporary disabled for maintenance, which halts all deposits and withdrawals
- To be profitable you also have to deal with high deposit and withdrawal fees
- Some exchanges have a lack of volume to execute your trades
- Crypto arbitrage trading is very hard to do manually. It requires automated trading to be profitable
- High trading fees
The solution of Arbitly
As you may have read in the other article we are proud to announce a platform that actually is solving all the points summarized above. In fact, this cloud-based trading platform has found a way to earn 1% on your crypto assets on a daily basis!
How does this all work? Arbitly works with 5 different assets that can de be deposited into their custodian wallets. Additionally, these are BTC, ETH, LTC, BCH, and XRP.
Basically, all you have to do after depositing is executing a max of 2 or 3 orders(depends on your subscription) daily. Also, you can decide to execute these orders manually or deposit them to a trading pool. Besides, this pool works automatically and will find the best orders for you 😁
Sign up by using a Referral
Finally, to start figuring things out and get used to the platform, use my referral link here which will give you ten free orders for all 5 assets available.
This a unique opportunity for you to start being profitable in the cryptocurrency markets with zero-risk. Also, I want to mention that I have been using this platform for almost two months now and I’m very happy so far!
Below some screenshots of my account.
The strategy I’m using is that at the start of the day I’ll deposit all my LTC to their trading pool. Next, their trading algorithm which is fully cloud-based takes over and will find the best opportunity for me.
At the end of the day I get notified by email when all orders have been processed. Additionally, my funds including profits will be returned to my balance.
Meaning it will execute two orders for me as I’m in the Pro X1 subscription. The picture above shows the platform in progress. You can see that in the last 30 days I have added 8.7 LTC to my crypto stack.
Again, sign up here and you get 10 free orders for all 5 assets on the platform. All in all, happy trading, be profitable, and HODL! 💪
Disclosure: This post could contain affiliate links. This means I may make a small commission if you make a purchase. This doesn’t cost you any more but it does help me to continue publishing cool and actual content about Bitcoin & Crypto – Thank you for your support!
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