You can make $1000 profit using Cryptocurrency Location Arbitrage

in arbitrage •  8 years ago 

Have you ever thought about zero risk trading? Want to make money without worrying about anything? Want to see how a goldmine and mine as much gold as you want? If the answer is YES , then you are in for a treat. Its called location arbitrage and you can make as high as 50% profit for every $ you can put.

You need the following things

  1. An account in a Cryptocurrency exchange where you can buy in FIAT currencies like USD, EUR, GBP etc
  2. An account another cryptocurrency exchange in countries like Indonesia , India, Korea etc

How do you do it now? Follow me to your gold mine

  1. Buy 1 bitcoin in USD from any exchange for lets say $2425.
  2. Send this bitcoin to your wallet in Indonesia.
  3. Sell the 1 bitcoin for 35599817 IDR (~ $3559)
  4. You have $3559 worth IDR in your exchange account.
  5. Transfer this to you bank account in your country (some deductions happen for currency exchange)
  6. Now you have $1128 more in your bank account.

See wasn't that simple. I have just shown you just one example. You can do this between so many currencies. You can track this using this app
https://play.google.com/store/apps/details?id=dev.dworks.apps.acrypto

Screenshot_20170603-014256.png

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Great article

Well written