1. We are looking for cryptocurrencies with different prices on different platforms.
  2. We buy a coin on the exchange which offers the lowest price.
  3. We transfer the purchased coins to the exchange with the highest price.
  4. We sell and make a profit.
  1. Commissions — Most exchanges charge fees for buying/selling or withdrawing cryptocurrencies. This factor must be taken into account.
  2. Change in Price — The time it takes your funds to be sent from one exchange to the next can take seconds, minutes or even hours. The longer it takes, the more risk there is that the price can go down before you sell it.
  3. Temporary Ban on Withdrawals of the Crypto — If an exchange recognizes possible manipulation of a cryptocurrency or a large price difference between exchanges, it can prohibit deposit and withdrawal of funds and it can suspend trading. In this case, you run the risk of being left with a crypto whose price is rapidly falling on other exchanges and there is nothing you can do about it.

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3Сommas Blog

3Сommas Blog

Trading blog. Tools, bots, strategies.