South African Crypto arbitrage, made easy as pie

What if I told you there was a risk-free way to make quick money?
Hopefully, you’d say we sound like scammers and walk away. . . but in this case, it’s true!

As South Africans in the Crypto space, you will often notice that if you convert the current price of Bitcoin on a global exchange, like Binance or Coinbase, to South African Rands, our local market is always 3%-8% on average more expensive. This is in large part due to our exchange control laws in SA, which create a premium on local markets.

What if I told you that you could use this price difference to make money? In fact, institutions do this type of trading all the time, it is called Arbitrage. Well with crypto, you don’t need to be an institution to make money off arbitrage trading. The South African Reserve Bank (SARB) allows SA citizens a R1 million, per year Single Discretionary Allowance(SDA) — which they state can be used to buy crypto overseas. This doesn’t mean you need R1 million to do this. It means you can send R50,000 overseas, to buy crypto, 20 times, over the period of a year (R50,000 x 20 transactions = R1 million SDA). Each time you do this, you would buy the crypto at the global price, and sell it for a premium on local markets, just minutes later. Even accounting for SWIFT (International transfer) fees this process is still profitable and can be done once every 2–3 days.

While the process may seem too complex for normal retail users, Chainlink Capital offers a service that does everything on your behalf, using FSP regulated intermediaries. If we use the same example above of R50,000 and 20 transactions, users could do the entire 20 transactions over a period of about 60 days. Each of these 20 transactions would make in excess of R1000, including swift fees. Essentially, you could make R20,000 off of your R50,000 in just two months. The reserve bank is currently in the process of introducing new regulations that will close this opportunity in the coming months, so contact us while you can.

Current Market Price: R163 374.75 ($9660)
Current local price: R172 419
Arbitrage opportunity: 5,5% per transaction

For more information:

Visit: https://chainlinkcapital.co.za/
Contact: info@chainlinkcapital.co.za