Making $2,000 a Month With Cryptocurrency – Triangular Arbitrage
coinspectator -
The triangular arbitrage opportunity can be extremely lucrative, although there are some caveats to take into account as well. Unlike the direct arbitrage trading method, triangular arbitraging is a bit different. For example, one buys coin A on Exchange X, sends it to exchange Y for conversion to coin B, and sells that coin B on Exchange Z for even more profit.

Compared to direct arbitrage, where the profit is usually limited to 3% maximum, triangular trading is very different. Even though these triangular arbitrage gains are incredibly appealing, one also has to keep in mind these high-profile opportunities do not come around every single day. That also means a 1 BTC trade with triangular arbitrage can easily net $100 or $200 a day.

Exploring additional opportunities will result in further gains, assuming one has the necessary funds across multiple exchanges. In the case of triangular arbitrage, there are fiat currencies involved, especially when converting currency B on exchange Z. Another thing to take into account is how users need to rely on three different exchanges per trade, and moving money off those exchanges can be a bit challenging in terms of waiting times. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full



read more