This is one of the few articles I’m revealing my secret of how I am making money and benefiting from crypto currencies.
Those methods pretty much guarantees success, but sure, few things here and there always can go wrong.
So the easiest way in my opinion – Arbitrage. For some people it may associate with the move (It Is pretty good to be honest, I recommend you to watch it!). To explain this term in more details – Arbitrage is the process where you buy crypto currency cheaper in one exchange and sell at the higher price in another exchange (ex. binance, bitfinex, kraken, poloniex, korbit etc.). That sounds strange, but believe me, this happens a lot, all you need to do is follow few currencies on various platforms and see if you can buy cheaper and sell higher, but don’t forget to check exchange fees, in some cases exchange fees are very high and you are not able to make money in that case.
REGISTER TO EXCHANGES
This is very easy to do, some of them requires you to send documents such as ID card, passport (depends on your location). The best way to get exchange, just watch youtube videos where people setting things up, watch few different people setting up their account, so you can get rough idea what to look for. My recommendation on exchanges – Bittrex, Binance, HitBTC, Cryptopia.
BUY AND HOLD!
Buy some BTC in one of exchanges (You can always exchange BTC into another “Altcoin” if needed). Watch few currencies (In fact as much as you can) some of exchanges pump the price and the other follow arbitrage, you can always benefit from that.
2 TYPES OF ARBITRAGE
- Buying coin in one exchange and sending to another, but this method is risky and only works for “Fast” coins, as for example BTC is really slow, in some cases transfer from one exchange to another may take not several hours, but several days, so in this case price can change a lot and you don’t know if you can make money.
- When you see tendency one exchange “Pumps” the price and another follow (“Bittrex” drives the price 1st and then “BitFinex” follows). So all you need to do- have same currency on those exchanges, check when “Bittrex” drives the price and buy some currency on “BitFinex”, after it rises, sell again, believe me this happens often!
Like investing in anything, at some part it always involves risk. Sometimes too many people find this is working and when you try transfer currency between wallets it may get error… Just it gets oversaturated, so at first always try this thing in small amounts and see if that works.
Another thing – You can get delay on exchanges and till your funds get transfer – price will change.
This is all I have for today, for more information regarding crypto currency investments and many other things such as “Digital marketing”, “Forex trading” please check my other articles.