Get Accounts on As Many Exchanges As Possible - The Arbitrage Method
People often ask me - what is the easiest way to trade. I say - arbitrage. Buy cheap on one exchange, sell more expensive SAME amount on the other.
Rinse n repeat.
If you lose money in the middle - move funds between. This is the only tricky moment as before funds come prices may change.
This is why you should always have loads of exchange accounts, preferably with some BTC or ETH inside or at least have some ETH/LTC in wallet ready to deposit when theres action (way faster than BTC).
Then you deposit them, sell for BTC and go.
There is loads of bitcoin exchanges but when people ask me what i suggest is bitcoin exchanges with no kyc 2019 list
Notice crossed out ones - those were on list but are not suggested anymore. Its important.
For example yesterday arbitrage on ENJ run for hours on Binance and KuCoin.
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I think you must have big resources though in order to make significant money with Arbitrage. Otherwise it's absolutely frustrating.
I've tried doing Arbitrage but transferring between exchanges has always been the tricky part which makes it less profitable. I'm excited for more exchanges to accept nano which in theory would make transfers between exchanges free (minus withdrawal fees) and instant and arbitrage more profitable
excelente información yo soy nuevo con respeto a la moneda virtual y encontrar esta tipo de información para mejor desarrollo durante el proceso
i have nice pumps yesterday ;)
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It's a headache keeping track of a whole bunch of exchanges.
Thanks for the trading tip. That’s definitely a good way to do things
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You got a 41.28% upvote from @brupvoter courtesy of @steemium!
Good info and at your links. Thanks!
enjoy
This post has received a 38.96 % upvote from @boomerang.