Easy Way to Profit Bitcoin Trading with Arbitration
Bitcoin trading has almost the same properties as the gold or precious metal trades in the real world.
Why is it similar?
Yes, even almost the same.
Hahaha ,, whose similar name is almost the same?
How is the Explanation?
We discussed buying gold first. When we buy gold in a store A, at a price such as IDR500,000. Then we sell it in store B with the price of Rp. 600,000. Indirectly, we have been doing arbitration buying and selling of gold.
But, to trade gold, just bother, if you buy 1 kg of gold only, then we take the road, there is the risk of robbery, lost or otherwise.
Not to mention if we arbitrage at a greater level, between countries, there is a tax, the rule of law of the country and others.
So also with Bitcoin Trading. When we buy bitcoin in an A exchanger, then we resell our bitcoin at Exchanger B, with a higher price difference, and finally get a profit from the trading activity.
But, if in Bitcoin Trading arbitration, we do not have the risk of robbery. And I think, bitcoin trading will be more profitable.
First, you can use an exchanger from indonesia like vip.bitcoin.co.id, or Luno Exchanger or triv.co.id or another Bitcoin Exchanger.
Then for exchanger abroad, you can choose any exchanger you like.
The steps are as follows.
Choose two places, the exchanger there you will use the price difference.
Note that the two exchangers you use must have at least 2 conditions:
a. Bitcoin traded
b. Can be withdraw in fiat money (USD or Rupiah or Euro). eg withdraw rupiah from vip.bitcoin.co.id.
The local market has an arbitration appeal because it tends to be slower in adjusting prices so that its movements are more predictable and exploited.
This time I will use bitcoin.co.id and btc-e.com as an example.
For example, deposit in vip.bitcoin.co.id for Rp. 10 million and 1 BTC.
Why should the balance be the same?
That in order to do arbitration, you do not have to wait too long to make a deposit, and the transaction can happen instantly.
Suppose the money you put earlier, is the arbitrage capital in the exchange.
The amount of 10 million and 1 BTC is just an example, you may use a smaller capital, can be adjusted to your ability.
Observe bitcoin prices in both exchangers.
For example, I use this in btc-e exchanger.
This is the purchase price at bitcoin.co.id and the selling price at btc-e.com.
An example of a price table that occurs when this article is created.
If we compare the price of buy bitcoin.co, id for 2 million rupiah, it will be exposed at the price of 6.980.000 and if we sell it directly in btc-e it will get the price at 7,279,500 ($ 1 = Rp 11,500) or it can be said get profit Rp 300.000 just by buying at bitcoin.co.id 1BTC and sell it directly to overseas market.
So what if the price in Indonesia is more expensive than abroad?
Then you need to do is the opposite, (buy abroad, sell bitcoin in the country)
If we trade on bitcoin.co.id, small fee, and one of the lowest (0.3%), so this is not too much of a problem, but foreign trading fees sometimes apply a slightly higher trading fee, this is in doing arbitase.
Again, every exchanger has a different withdraw fee rule in its bitcoin trade.
This can make your arbitrage profits disappear.
Try to withdraw to a minimum.
Do withdraw after doing some arbitase trading.
If necessary, do withdraw only on the profit earned.
Happy Trading Bitcoin!
Why is it similar?
Yes, even almost the same.
Hahaha ,, whose similar name is almost the same?
How is the Explanation?
We discussed buying gold first. When we buy gold in a store A, at a price such as IDR500,000. Then we sell it in store B with the price of Rp. 600,000. Indirectly, we have been doing arbitration buying and selling of gold.
But, to trade gold, just bother, if you buy 1 kg of gold only, then we take the road, there is the risk of robbery, lost or otherwise.
Not to mention if we arbitrage at a greater level, between countries, there is a tax, the rule of law of the country and others.
So also with Bitcoin Trading. When we buy bitcoin in an A exchanger, then we resell our bitcoin at Exchanger B, with a higher price difference, and finally get a profit from the trading activity.
But, if in Bitcoin Trading arbitration, we do not have the risk of robbery. And I think, bitcoin trading will be more profitable.
How to Bitcoin Arbitration Trading
To start arbitration of bitcoin trading, you must have at least two accounts in two different exchangers. This will be our place where the transaction sell and buy bitcoin that we have.First, you can use an exchanger from indonesia like vip.bitcoin.co.id, or Luno Exchanger or triv.co.id or another Bitcoin Exchanger.
Then for exchanger abroad, you can choose any exchanger you like.
The steps are as follows.
1. Choose Two Bitcoin Exchange
Choose two places, the exchanger there you will use the price difference.
Note that the two exchangers you use must have at least 2 conditions:
a. Bitcoin traded
b. Can be withdraw in fiat money (USD or Rupiah or Euro). eg withdraw rupiah from vip.bitcoin.co.id.
The local market has an arbitration appeal because it tends to be slower in adjusting prices so that its movements are more predictable and exploited.
This time I will use bitcoin.co.id and btc-e.com as an example.
2.Deposit Money
To start a bitcoin trading arbitration, deposit the same amount of money in the two exchangers we will follow. For example I will use Vip.bitcoin.co.id and btc-e.com.For example, deposit in vip.bitcoin.co.id for Rp. 10 million and 1 BTC.
So also in btc-e you also deposit with the same amount of Rp.10 million and 1 BTC
Why should the balance be the same?
That in order to do arbitration, you do not have to wait too long to make a deposit, and the transaction can happen instantly.
Suppose the money you put earlier, is the arbitrage capital in the exchange.
The amount of 10 million and 1 BTC is just an example, you may use a smaller capital, can be adjusted to your ability.
3. Observe the prices in both exchangers
Once you have the balance in the two exchangers, the next step is the most fun and make a degan, ie observing the price.Observe bitcoin prices in both exchangers.
For example, I use this in btc-e exchanger.
This is the purchase price at bitcoin.co.id and the selling price at btc-e.com.
An example of a price table that occurs when this article is created.
 |
| market sell Bitcoin.co.id |
 |
| market buy BTCe |
So what if the price in Indonesia is more expensive than abroad?
Then you need to do is the opposite, (buy abroad, sell bitcoin in the country)
Factors to be aware of in bitcoin arbitration
1. Trading Fee of each exchanger
This we need to look at, because the fee is too large, will also reduce our profit.If we trade on bitcoin.co.id, small fee, and one of the lowest (0.3%), so this is not too much of a problem, but foreign trading fees sometimes apply a slightly higher trading fee, this is in doing arbitase.
2. Withdraw Fee every exchanger
In addition to fee trading, Fee is also applied in the Withdraw process.Again, every exchanger has a different withdraw fee rule in its bitcoin trade.
This can make your arbitrage profits disappear.
Try to withdraw to a minimum.
Do withdraw after doing some arbitase trading.
If necessary, do withdraw only on the profit earned.
Happy Trading Bitcoin!
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