Different bitcoin exchanges - how can one make more money by sending from one exchange to another?
Hi Guys,
So I have seen that every exchange has different values for bitcoin, eth and other cryptocurrency's.
Being in South Africa we sometimes struggle to buy on exchanges with dollars and we mainly use Luno as an app.
They also reward you if people join using your ref number.
I believe they have just launched in Europe and the very possitive news is that the exchange rate on Luno is about 10% more than on Jax or even exchange like Cryptonator, please compare with the wallets and exchanges you use...
I mine a few crypto's and periodically depending on the value I exchange and send Bitcoin/Eth to Luno as the value in money then also increases by 10% by simply sending it to the exchange. If you then buy anything with Bitcoin you score about 10%. It is actually as simple as just sending it from one wallet on an exchange to a wallet on anther you gain 10%...
What other advice and metods do you know of that can increase the value and maximise your returns?
There are fairly effective bots you can buy on the BTC aftermarket that will search out the current price of most any coin. With this information, you can buy where it's low currently, and sell where it's higher. Called an arbitrage bot.
Excellent! I did not know about these bots. Only makes sense.
And with how often this chage in a day I am sure there is money to be made.
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