Hey there,
Wanna learn a magic trick?
The best thing is that you can use it to create profit out of thin air even when there is no movement in the market at all.
For those wondering ‘how’, Arbitrage is the answer! Arbitrage is when you take advantage of different prices of the same asset on different cryptocurrency exchanges.
We have got these 3 ways for you in which you can arbitrage and pocket some quick money for yourselves. Let’s say you have 1000 XRP. Also, we will assume two different prices of XRP on different exchanges, which could be Binance and Bitbns:
- Exchange to Exchange
- Buy 1000 XRP at 24.59 INR / XRP on Bitbns
- Sell the same amount on Binance at 26.00 INR / XRP
- Your profit = 26,000 INR — 24,590 INR = 1410 INR
Note: How to make extra profit. Use P2P INR deposit method to get Upto 5% extra INR on depositing INR.
2. Exchange to Exchange with Margin Trade
- Buy 1000 XRP at 24.59 INR / XRP
- Borrow another 1000 XRP with Margin Trade on Bitbns
- Sell on Binance at 26.00 INR / XRP
- Buy back 1000 XRP at 24.60 INR / XRP and settle the margin loan
- Your profit = 52,000 INR — 24,600 INR = 2810 INR
3. Keep funds at both exchanges — Sell at one and Buy at another
- Let’s say the price of XRP on Bitbns is 24.69 INR and on Binance, it is 26.00 INR.
- Assume you have 1000 XRP on Binance and INR funds on Bitbns
- Sell XRP on Binance = 1000 x 26.00 = 26,000 INR
- Buy XRP on Bitbns = 1000 x 24.69 = 24,690 INR
- Your profit = 26,000–24,690 = 1,410 INR
4. Arbitrage with INR and USDT
Buy USDT using INR via P2P USDT method and sell it via USDT / INR pair
- Buy 435 USDT at 71.5 INR / USDT for 31102.5 INR
- Sell 435 USDT via USDT / INR pair at 73.56 INR / USDT for 31998.60 INR
- Your profit = (31998–31102.5) = 896 INR
We hope you learnt this magic trick is just a matter of calculation, awareness, and timing. Of course you didn’t think magic is a real thing, did you?
Regards
Team Bitbns
