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Snehendu Roy
Snehendu Roy

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Crypto Arbitrage: This can make you millions

Introduction

Crypto Arbitrage is a process through which you can make much money by swapping crypto coins
Let that blow your mind for a while

Swapping

There are crypto exchange platforms like Uniswap, Sushiswap where you can swap cryptos. Let's say you have a METAMASK account with 1 ETH in it. Now, if you swap 1ETH with Dai you might get 2200 DAI. So this is what swapping is, exchange of tokens.

How is it related to profit

The amount of DAI you get for 1 ETH is different for each platforms. For example if you get 2200 DAI for 1 ETH in Uniswap, then 1 ETH might be equivalent to 2000 DAI in Sushiswap.

The Profit

Now, you have 1 ETH in your account, you go to Uniswap where 1ETH is equivalent to 2200 DAI. So, you have 2200 DAI in your account now.

Then you go to SushiSwap where 1 ETH is equivalent to 2000 DAI. You exchange 2000 DAI from your account for 1 ETH and still you are left with 200 DAI. That's your free profit.

What do you need

To start this arbitrage and earn:

  • Capital: You need some tokes in your wallet to do this
  • Knowledge: You need to know how much you are getting for the tokens in you have in different websites ## Automation Now there is a way to do this arbitrage automatically even if you don't have any capital.

You can make a smart contract and a node server to do this. Here's how it will work.

Smart Contract

  • Take a flash loan
  • Swap the flash loans in one Exchange where you get more of you preferred tokens
  • Again swap the tokens in other exchange where its price is low
  • Send the tokens widrawn from the Flash Loan and keep the rest

Node Server
Check the price of tokens in exchanges and according to that execute smart contract events.

Top comments (2)

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marg_zalizo_c8f440844dedf profile image
marg zalizo • Edited

I started trading forex by learning the basics, such as currency pairs, pips, leverage, and margin, before choosing a reliable broker and practicing with a demo account. As I developed my trading plan, I began with small amounts to minimize risks. Now, I use ledgerlive-login to securely manage my assets. Crypto arbitrage can also be a highly profitable strategy, and with people aggressively buying XRP, the anticipation of a price rise is strong. For safe storage of your funds, the Ledger Live crypto wallet is a great option due to its robust security features.

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becry1944 profile image
Catherine R. Longoria

Crypto Arbitrage can really bring huge profits if you approach it correctly. I recently started making money on it, and the professionals from In Assistance helped me with this. They provided valuable advice and taught me all the intricacies, thanks to which my income increased significantly.

At the initial stage, I had a lot of questions and doubts, because the cryptocurrency market is quite volatile and unpredictable. But the inassistance.life team helped me understand the basics of arbitrage, explaining how to look for and use the difference in prices on different exchanges. In addition, they taught me proper risk management, which is especially important in such a dynamic area.

With their help, I was able to not only make money on cryptocurrency, but also significantly improve my knowledge and skills in the field of trading. If you also want to try your hand at crypto arbitrage and start making money, I recommend contacting the professionals from In Assistance.