DON'T FALL INTO SCAM: There Is No Coin Arbitrage Trading Opportunity Now
I always advise traders, especially newbies, to seek knowledge first before jumping into trends. For the past few days, I have been seeing different posts advertising Coin arbitrage opportunities using two crypto exchanges.
According to one of the posts, You will have to buy Etherum at exchange A for $1800 and sell it at exchange B for $1,820.
Here's the reason why the above-assumed arbitrage will not work:
1. Volatility: If you take a close look at the illustration, you will notice that the price difference on both exchanges is just $20 and subjected to volatility as well.
2. Transaction Fee: Before projecting such an opportunity, you must take into consideration the fee for transferring the coin.
Disclaimer: DYOR
