Bitcoin Forum

My county people I won share one sharp update wey my man give me wey I dey use dey collect small small profit from cryptocurrency, I believe say everybody enter into cryptocurrency to make money, so make I give ona update wey dey now, firstly this update now for traders and people wey dey interested to make sharp money for cryptocurrency.

Crypto arbitrage now trading strategy, wey traders dey use dey take advantage of the price difference in a market to generate profits. Make ona colm down I go break an down so that everybody go understand wetting I mean about crypto arbitrage. we get wetting dey call context and exploiting price.

Context: bitcoin dey trade at $50,000 for Binance and for kraken bitcoin dey trade at $50,500.

Exploiting price: Buy bitcoin for Binance at $50,000 make you sell an for $50,500 for kraken.
Which you go make  $500 as profit. so my people how ona see the trading strategy. But me no go advice say make ona trade bitcoin oh, make ona dey trade shitcoins like solana, litecoin and entereum, I just use bitcoin cite example.

But arbitrage trading no be new thing brother. Na something wey people wey dey interested with trading don dey do since. As in na type of trade wey include spot, future trading etc. Some people dey buy from different platform like WhatsApp, Facebook, telegram even P2P and sell not only for exchange especially Bitcoin because e popular.

Meanwhile,  e no mean say you go buy 1 Bitcoin, you go still buy as your money reach and look for buyer whether in exchange, P2P or platforms. It is still good say you bring am up here. Weldon brother.

Arbitrage trading needs huge amount of money before you can make good profit from it. I mean having like 5 million naira to be able to use it to make money.

Yet, it is risky just as it is called trading. Trading generally are very risky.

I do not think your example is real. I wanted to check the price of bitcoin on Kraken but not shown unless I register but which I am not interested. The price of bitcoin on most exchanges are almost the same unless there is a massive sell pressure on an exchange. But, even when Bybit was hacked recently, the price of bitcoin on the exchange is very similar with other exchanges.

I have noticed some price differences in the past but not bitcoin but altcoin.

It's not a new thing. Arbitrage has existed for long amongst Nigerians. But the profit isn't as big as some might think. Just like Charles-Tim said, if you don't have a large sum of amount to buy from another exchange your profits may be small.  You should know that you can do it also on currency and commodities not only cryptocurrency. Which ever one you which to trade, just have enough funds and you would make something reasonable from it.

Gozie51 you go try easy your pressure ooo, as the thing no new to you, slow the night celebrate em small success because the things not only new to an, but the enter em eye. I do that thing for PI wella, when exchange defy sell $2.5, I dey but from people for#2500 or #2700, come dey make at least #1k per PI because as I go buy cheaper, when I enter exchange, I go sell normal price collect my small thing on top. Where the thing dey make sense well na for offline because most people dey like seek to who they know to prevent scam, so I dey go public place meet them, we transact and I take my coins away, if you've large but requests, this gives sweet money within a very short period of time.

if ehh no new to you ehhh new to me and ehh fit new to others too, because everybody no start cryptocurrency thesame day some people don Tay for cryptocurrency, while some people still new for cryptocurrency so no conclude say arbitrage trading no be new thing, because now today me just hear about arbitrage trading that is the truth, because I no fit lie for this one now my friend wey be trader just give me the update for  today morning, and me belive say many people for this forum never hear about arbitrage trading before, now wetting make me carry the update come, because me don already dey use Solana dey collect small small profit from arbitrage trading.

Arbitrage trading has been in existence before now, I don’t think it is something new, and I am not sure if it pays now compared to the way it used to pay traders back then because almost all exchanges have similar or the same price for some particular coins.

There is no doubt, Arbitrage trading is a means of making money, but even if it will work now, one need to use huge amount of money as capital because most of the coins have almost the same value in must recognize exchanges, however, there used to be slight difference which if you invested little capital can end up as a fee for sending the coin to the exchange you feel have a better or higher price, and sometimes, the fee do affect the capital if the price difference of the coin is not much.

To do Arbitrage trading is not bad, but you will earn more if you have big capital, and you should always be careful  of wallet addresses and the network you are sending the coin out to, so as not to lose your entire money.

All exchanges don't have the same rate. So many factors determine this difference in price across different exchanges even though the price difference now isn't as big has it used to be in previous years. But one can still take advantage of countries where Bitcoin is restricted and sell at even higher rates.

This game of Arbitrage trading requires guidance on how to act fast because of market volatility. Even with small capital one can slowly progress while accumulating profit to engage bigger with the market.

Op talk this arbitrary trading like say e dey easy just like that, like e no get risk as other readings be.
The matter self reach where I need to check on the immediate trading value of bitcoin for coin marketcap and the binance exchange to see if the update na true.
Me self no dey registered on kraken like you but at least I get binance for the checkmate.
We learn every day and I myself like to learn with show-working so like this I say my check the trading value myself.
     
                                    https://talkimg.com/images/2025/03/18/0KvPC.jpeg
                                     This na from coin marketcap
   

                                    https://talkimg.com/images/2025/03/18/0KfOv.jpeg
                                      This na from binance exchange

As una dey see am, I they take the screenshot in just matter of seconds to give una prove say wetin Op talk ko too legit just like u Charles-Tim talk, the difference no much as that based on Op but then shaa arbitrary trading dey dey profitable but e still not just easy like we dey talk am

You don already talk my mind here, imagine person using as huge as 5 million naira to trade even if na 1 million sef e still dey very risky. Perhaps, no be every body get big money to dey run am like that and any body wey dey do am with small money e go just be like say na play the person dey play because the profit will be too low. Another thing wey dey there be say as person dey buy bitcoin na so e dey attract fees and to also send am to another exchange wey dey trade higher go still require gas fees again which means say e no really worth the stress and since the price dey fluctuate person fit buy lower from one exchange thinking say e go sell am at high price for the other exchange but before you know it the price fit don drop so all these things na just in form of gambling.


E be like you no too understand wetin OP dey talk, market value dey dey different from trading value so from the screenshots you uploaded it is only showing the market price of bitcoin and not the trading price. When you wan trade for exchange no be wetin the price dey talk for market na you go see for spot trading.

Now check the difference between the price difference from one exchange to the another how much be the difference and eh worth of the risk, another thing you go calculate nah how much you go carry enter the market so that you fit buy enough to give you better profit, another thing too nah you don consider the fee way eh go cost you to withdraw BTC from one exchange to the next one ? Then again how long eh go take for am to undergo 2 confirmation before the next exchange to release full access of am to you, then the last but not the least after all this process and time you sure say the price difference go still they wait for you to pass all this stage?.

Coinmarketcap is taking the average price of the exchanges it listed on the site which will make this not accurate. You can not compare the price of bitcoin on Coinmarketcap because of this with other exchanges. You will compare the prices of bitcoin on different exchanges for this. But on the exchanges I used for it, the prices are very similar in a way there may be no profit in arbitrage trading.

Before person go consider to go into crypto arbitrage trading as a kind of trading strategy, e suppose first know the basic parameters em go need to dey successful at such venture.

Person go need to know the cryptocurrencies wey em wan work with and also know their current prices, know the fees rate on at least three different better exchanges and know the supposed profit wey dey on top to claim.
 Also, if one is able to read signals and predict price movements accurately, e go fit help to make crypto arbitrage trading dey more profitable if one don fit fulfill the necessary requirements including say the funds to use no get any urgent use.

Exactly, you need to do your calculation properly because prices fluctuate and you need to act fast so you will not buy from one exchange and then when you get to where you want to sell you see that the profit margin is now low. you might just have made a wasted investment or stressed yourself. These are things you need to consider before trying the trading pattern just like the author you can start off with shitcoin then study the market and be sure that's what you want to do before going all in. 

The way him dey take explain Arbitrage you go think say na something wey no Dey risky, as far say na trading na risky and Arbitrarge don tey wey people Dey do am and na for people wey Dey interested and they are willing to take the risk, as I dey read the post I think say na one kind update wey be say e be new, This Arbitrage wey him Dey talk deal with how you put is how you will get the profits, i never do am before but as I hear am before no be something wey everybody go like.

I no say na bad update ooh, waiting I Dey talk be say the update don tey and na risky stuff and if you no Dey to trading and you want to do it na wasting of time, and you have to Dey on funds, no matter any coin wey use to do the update na risk, whether na Solana, litecoin and other all na risky, I no too like am because I no to Dey interest in trading like that, but let be honest na update e be and na for who Dey do trading.

Broda I no mean any harm if I say arbitrage no new. Make that one no go dey vex you okay....

As you see most of the responses dey of the opinion say them sabi am. For me, e no mean say I dey do am or whether I sabi am, No. But I don hear about am and I know say people dey do am too and e dey risky because of volatility/price changes and bad network.

So make you no go dey think am. We are all learners.

Just as Charles-Tim said you need to use a lot of money but N5 million naira for me is too small and this is why.

According to the snapshot uploaded by cryptohygenic, the difference in Bitcoin price in both exchanges is $39. That's your profit if you buy 1 BTC at $82,012 (N123.01 million naira) on kraken, withdrawal it and then sell on Binance at $82,051(N123.07 million naira). But If you invested 5 million naira ($3,333 dollars), you'd get $1.58 dollars from that trade and mind you, we've not even mentioned the withdrawal fee when transferring Bitcoin from kraken to Binance. So you'd need a whole lot of money to profit from arbitrary trade.

I knew of the arbitrage opportunity since but haven't given it a try because my initial thoughts are that it would require huge capital to profit off those little price difference and also the fact that gas fees used to be high. Bitcoin fees were between $10 - $25 and that could have reduced profit margin greatly. That's why I didn't purchase the opportunity. But those of you who do are the real OGs.

Thanks for sharing btw.

From what he said, he only used bitcoin and that price as an example, it didn't reflect the actual price of bitcoin on exchanges as at the time he was making the reference. I believe his choice of using bitcoin as his subject is that bitcoin, is the most known coin. There were other altcoins he could have used as example, but many newbies might not get the point he was trying to make.
One thing I don't like about the arbitrage trading is that you will have accounts in most of these exchanges. And that is how you will be exposing your documents in the name of kyc and chasing little bucks that will come out from the trade. Our documents shouldn't be all over the internet because we are looking for money.

This is not something new , this actually one of the common way to earn in this space . But you need good amount of capital to make good money from it , just like you need good amount of money to make money from spot trading. But arbitrage trading is more risky compare to that of spot trading because you be making use of more than one exchanges and some times it may lead to you using some exchanges that are not popular or well known are most of those exchanges that can be use for scamming , and one of this common means is one depositing and not being able yo withdraw.

My strong advise and the same time warning for you, don't do arbitrage to trade because you can loose at the cause because the risk involved is not worth going for, most people I know that do arbitrage eventually go on loss, it's not a kind of trading strategy I can advise someone to do, the risk is much compared to the benefits you stand to gain for doing it, there are more other profitable strategies we can make use of in other to make profits than when we consider the use of arbitrage, in doing trades, we should be more concerned about the risk involved in using a particular strategy for our trades than the income we stand to earn from trading at high risk for the benefits of making more money.