Another way to profit from rate differences is through arbitrage with exchangers. In this article, we'll explore the benefits and drawbacks of this strategy.
Pros:
No bank cards needed. This type of arbitrage operates solely between cryptocurrency exchanges and exchangers, making it a convenient and bank-card-free way to trade.
Fast arbitrage execution. Transactions are completed within 15 minutes on average, allowing for timely arbitrage at favorable rates.
Minimal losses. No need to worry about sudden asset price drops during transfer! Hedging protects your investment. Learn more about hedging and its benefits here: (link to article)
Cons:
A minimum deposit of 1000 USDT is required. Keep in mind that with smaller deposits, earning a profit may be challenging due to commission fees that could offset your earnings.
No guarantees. Signals don't guarantee the stated spread. Always verify before trading. Learn how in our article: https://blog.krak.ai/post/big-spread-in-cardless-arbitrage-reality-or-myth
The need to factor in transaction fees and inter-exchange transactions. Transaction fees and inter-exchange transactions can cut into your profit, but we've solved that problem! Our scanner now accounts for commissions automatically, making trading easier and more profitable.
Like any other field, cryptocurrency arbitrage through exchangers has its pros and cons. While cardless arbitrage offers flexibility, it also demands a high level of engagement and attention from the trader. Ultimately, the choice depends on your personal preferences and priorities.
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