Cryptocurrency beginners must see！
A certain group friend excitedly discovered that by arbitraging on a certain platform with Wave Coin, E Coin, C Coin, and K Bean, he could earn a profit of 1 to 2 cents. With 10,000 yuan, he could earn 200 yuan, making thousands of yuan after dozens of trades a day. Don't do it, this is illegal! Why shouldn't you do this? Do you think you've discovered some so-called business opportunity? In fact, these are not cryptocurrencies like $BTC! You are helping gambling platforms to deposit and withdraw funds, money laundering!!!
These platforms only have one type of coin, for example, only Wave Coin, and its price fluctuates very little. The buying price is between 0.98 and 0.99, while the selling price is between 1.01 and 1.02. In other words, you can buy at a price of 0.99, and then sell on the platform at a price of 1.0 or 1.01, achieving a profit of two cents. Running a circle with a cost of 10,000 yuan means earning 200 yuan. Some people are still pondering the underlying logic of why there can be such a price difference?
In fact, this is a platform coin developed by the gambling platform itself, with a very simple and singular purpose, which is to settle deposits and withdrawals for gamblers. In other words, gamblers need to buy in to deposit and sell out to cash out. Your role in this is basically to act as a bridge, facilitating payment settlement for the casino. According to the judicial interpretation of aiding and abetting crimes, if you know that the other party is using information networks to commit crimes and you have provided payment settlement assistance, you are suspected of aiding and abetting crimes, with a maximum prison sentence of three years.