How to make money on #arbitrage with cryptocurrencies
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Here is a step by step guide how to make money on arbitrage with cryptocurrencies:Step 1: Find opportunities (between exchanges or within exchange)Step 2: Take a decision whether to buy or not to buy:1) Estimate amount of fees: transaction, transfer, network, wallet fees 2) Be aware of risks: transaction and transfer time, market volatility3) Estimate the amount of taxesIn this article we consider each step in great detail. The first step is of course essential, but please do not underestimate the following steps as well.If you are experienced #crypto trader, then you might skip the next section and jump to the finding opportunities. Otherwise we remind you on the terminology we will use in this article.Terms to knowArbitrage — “is the simultaneous purchase and sale of an asset to profit from (...)