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Specify: Look for differences in cryptocurrency prices across different exchanges. For example, a particular coin might be priced at $100 on exchange A and $102 on exchange B.
Buy and sell:
Buy: Buy the cryptocurrency from the platform that offers the lowest price (in our example, Platform A).
Sell: Next, sell the coin on the platform that offers the higher price (Platform B).
Profit: The profit comes from the difference between the two prices. In the previous example, if you bought for $100 and sold for $102, your profit would be $2 per unit.
Key points:
Speed: You need to be fast, as prices can change quickly. Spreads can disappear in seconds.
Fees: Make sure to calculate the fees associated with transactions on each platform, as they can impact your profitability.
Volatility: You should be aware of the risks associated with price fluctuations during the buying and selling process.
Conclusion:
Arbitrage strategy can be profitable, but it requires knowledge, planning, and the ability to make quick decisions. It is also important to use reliable platforms and have enough liquidity to execute trades immediately.
