A special and easy way to make profits by trading between large and small platforms, - Page 2 - Trading - CryptoTalk.Org Jump to content
redamoun

A special and easy way to make profits by trading between large and small platforms,

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Yes, this method is known and called arbitrage, but it contains a great risk because of the high fees for coins on the one hand and because of the time required for conversion, as well as when exchanges discover this matter they stop the withdrawal and deposit on this coin and thus may be subject to a loss.

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On 10/16/2019 at 7:34 PM, redamoun said:

     In this topic, we will take for example the platforms YOBIT as a large platform, and Crex24 as a small one, and for the cryptocurrency BTT will be our test mouse.

   As you all know, the Crex24 platform operates under 1 Satoshi, meaning that when BTT equals 5.4 Sat on this platform, its value is 6 Sat in YOBIT, but for a successful operation you need to invest a large amount, and you will need to Buy another currency (which can be traded in the same way) from YOBIT, so you can return it to Crex24 and do the same process again.

In the end, I have to mention that there are a lot of platforms that can be used in this way you only have to find the least expensive to withdraw your Crypto-Coin.

It is also very good idea for trading between two exchanges. If we buy good amount of btt on crex24 and then sell on yobit we would earn from the difference of price. But it is only possible if we work with big amount otherwise withdrawal fee would make us loss.

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Wow brother you dated an awesome information and truck.Thank for this amazing  truck.We can get a good profit from this method.Once again thanks.

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I think small platform for exchanges some coin is really good. Because the market is still new and not really get attention by people. You can sell some coin with high price on small platform, But that is can take you long time to get executed because we know the user is really small.


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On 10/16/2019 at 10:04 AM, redamoun said:

     In this topic, we will take for example the platforms YOBIT as a large platform, and Crex24 as a small one, and for the cryptocurrency BTT will be our test mouse.

   As you all know, the Crex24 platform operates under 1 Satoshi, meaning that when BTT equals 5.4 Sat on this platform, its value is 6 Sat in YOBIT, but for a successful operation you need to invest a large amount, and you will need to Buy another currency (which can be traded in the same way) from YOBIT, so you can return it to Crex24 and do the same process again.

In the end, I have to mention that there are a lot of platforms that can be used in this way you only have to find the least expensive to withdraw your Crypto-Coin.

Thank you for this useful information, but I think it is bad if the price of a currency is less than 10 Satoshi, trading on it will be weak against Bitcoin

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Crex24 exchange, really has a ratio below 1 satosh. What not every exchange will be able to do and afford this action. 

Edited by bliznec

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This is really very cool, it is a smart plan, I will try it soon, thank you for sharing this useful information, maybe I will make some profit from it.

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On 10/16/2019 at 10:04 PM, redamoun said:

     In this topic, we will take for example the platforms YOBIT as a large platform, and Crex24 as a small one, and for the cryptocurrency BTT will be our test mouse.

   As you all know, the Crex24 platform operates under 1 Satoshi, meaning that when BTT equals 5.4 Sat on this platform, its value is 6 Sat in YOBIT, but for a successful operation you need to invest a large amount, and you will need to Buy another currency (which can be traded in the same way) from YOBIT, so you can return it to Crex24 and do the same process again.

In the end, I have to mention that there are a lot of platforms that can be used in this way you only have to find the least expensive to withdraw your Crypto-Coin.

It's kinda tricky because if someone can't pulled this trick correctly then he/she will end up losing some of his/her investment money. But the idea is good as even myself didn't realize this kind of trick and even if the difference is very little, you can still profit if you have some good amount of money. 

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Well we have different methods when it comes in trading, whatever platform you use if you know what you're doing and you can handle your crypto you will still earn enough profit. 

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I do not think that this method is useful in addition to that it is a great risk because small platforms do not have sufficient liquidity and you may not be able to sell

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On 10/16/2019 at 7:04 PM, redamoun said:

     In this topic, we will take for example the platforms YOBIT as a large platform, and Crex24 as a small one, and for the cryptocurrency BTT will be our test mouse.

   As you all know, the Crex24 platform operates under 1 Satoshi, meaning that when BTT equals 5.4 Sat on this platform, its value is 6 Sat in YOBIT, but for a successful operation you need to invest a large amount, and you will need to Buy another currency (which can be traded in the same way) from YOBIT, so you can return it to Crex24 and do the same process again.

In the end, I have to mention that there are a lot of platforms that can be used in this way you only have to find the least expensive to withdraw your Crypto-Coin.

It is actually called arbitrage trading. Arbitrage trading is good to do and also it have less risks. but sometime risk ratio gone high to use small exchanges. Also this type of trading needs lot of study and work to do.


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I have thought about making profits in this way, but a lot of sending your money between platforms makes this money vulnerable to fraud and therefore small profits cannot be compared to capital-related security

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I understand what you said and thank you very much, but it is not really helpful because it is not used much in trading. I used to learn about it and didn't think it suited me.

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Buying crypto in cheapest price platforms and sending to another platforms with high price?I dont find it useful for me,its just mall difference in price,and the transaction fees is just a waste.so better stay in one exchange and think of another strategies.

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This type of cryptocurrency business has been around for a long time and it has to be done with great capital to make it feasible it is called cryptocurrency arbitration

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This was good way of earning and profit sometime ago but recently now this is not good and profitable as many exchanges have high withdrawal fees and few are limiting withdrawal options so this arbitrage trading is not helping but if you have some good amount and you able to do withdrawal and deposit without any problem then you can take advantage of this.

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Arbitrage strategy is one of useful strategy in trading, the advantage of this strategy is it don't need a lot experience of analysis, as long as you have extra capital to cover the fees and can execute orders quickly, it's worth to try, the disadvantage is we need to monitoring such an exchange and execute the orders quickly, that's why traders who used arbitrage strategy used bot.

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On 2/6/2020 at 5:35 PM, Kgn78690 said:

This is an amazing strategy it's for all even for beginners most of the people in cryptocurrency they don't have any strategy they just invest blindly and lost all of their profit thank you for sharing this knowledge 

This is a nice trading strategy but the problems the newbies face is the issue of knowing the right coin to buy for future 

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It is a good way, but large capital must be available, and it is very difficult today to find it easily and if you find it you will work on it with ease and reap great profits from it. Thank you for the effort

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This is called trading through arbitration and taking advantage of the price difference between currencies in the platforms and making a profit, but it is not easy and there are fees as well.


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Trading between two exchanges is beneficial but it is difficult for some of the exchange that don't have automatic withdrawal like the one of yobit

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Currently taking advantage of the price difference between the platforms has become difficult and there is no big difference and if it exists then the fees will be large as well


 

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