Have you ever had such an opportunity to make money on the difference in the rate of an asset on different platforms or even within the same platform. Because I once managed to catch a moment when the price of Bitcoin was different on two exchanges and although the difference was not big, after several transactions I managed to earn 5 dollars
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Yes, this is called arbitrage trading, and some traders make profits from it when there is a price difference between exchanges. I have not personally done it often, but I know it can work if the timing is fast and transaction fees are low. The challenge is that crypto prices change very quickly, soRead more
Yes, this is called arbitrage trading, and some traders make profits from it when there is a price difference between exchanges. I have not personally done it often, but I know it can work if the timing is fast and transaction fees are low. The challenge is that crypto prices change very quickly, so opportunities may disappear within seconds. Your $5 profit shows that even small differences can become earnings after multiple successful trades.
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