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June 14, 2022, 08:32:11 PM |
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In fact, arbitrage is simply to use the currency spreads of various exchanges around the world to buy low and sell high. It's called arbitrage. For example, Coinbase’s BTC price is $30,000, and Binance’s BTC price is $32,000. Then I can buy BTC from coinbase and send it to Binance to sell. As long as the currency spread is greater than the BTC sending fee, I can make a profit. It's a fun way to make money and my way of dealing with volatility in the cryptocurrency market because it's profitable for me whether the cryptocurrency market goes up or down. Coin spreads arise when cryptocurrency markets are volatile
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