Here is an easy way to make money in cryptocurrency by doing arbitrage.
Since cryptocurrency is decentralized global currency and unregulated as on today, you can easily profit from it.
Follow these simple steps:
1.) Create an account on PayBis or CEX [ International Exchange ]
2.) Create an account on Koinex [ Indian Exchange ] . You can also create an account on any of the other Indian exchanges or use the one that you already have.
3.) Check the prices of Litecoin (LTC) in international exchange. They would be 20 - 30 % lower than the Indian cryptocurrency exchanges.
4.) Buy Litecoin on International exchange mentioned above with your credit card. You can do so instantly and through any VISA or Mastercard. You will pay approximately 4 - 5% in credit card charges, 4% exchange fee, 3.5 % forex charges and 18% gst on forex charges
So suppose 1 ltc = 1$ , you end up paying 1.12 or 1.13 in total which is a 12 - 13 % premium.
5.) The Indian exchanges are however trading at a 20 - 30 % premium. So when you transfer your LTC from international exchange to Indian exchange and sell it here, you make 7% to 17%
Pretty good profit for something that takes less than 15 minutes. You can easily make upward of Rs. 10,000/- on each trade if you invest 1.5 - 2 lakhs in each trade.
Happy Crypto Arbitrage!
Leave a comment if you try this.
Since cryptocurrency is decentralized global currency and unregulated as on today, you can easily profit from it.
Follow these simple steps:
1.) Create an account on PayBis or CEX [ International Exchange ]
2.) Create an account on Koinex [ Indian Exchange ] . You can also create an account on any of the other Indian exchanges or use the one that you already have.
3.) Check the prices of Litecoin (LTC) in international exchange. They would be 20 - 30 % lower than the Indian cryptocurrency exchanges.
4.) Buy Litecoin on International exchange mentioned above with your credit card. You can do so instantly and through any VISA or Mastercard. You will pay approximately 4 - 5% in credit card charges, 4% exchange fee, 3.5 % forex charges and 18% gst on forex charges
So suppose 1 ltc = 1$ , you end up paying 1.12 or 1.13 in total which is a 12 - 13 % premium.
5.) The Indian exchanges are however trading at a 20 - 30 % premium. So when you transfer your LTC from international exchange to Indian exchange and sell it here, you make 7% to 17%
Pretty good profit for something that takes less than 15 minutes. You can easily make upward of Rs. 10,000/- on each trade if you invest 1.5 - 2 lakhs in each trade.
Happy Crypto Arbitrage!
Leave a comment if you try this.