hey guys i have found a great arbitrage website for you all if u want to give it a try, it may look a little bit confusing at start but i managed to constantly make 2-3% every transaction.
the site is http://www.btc38.com/trade_en.html its in both chinese and english. Their BTC trading is halted but u can easily make money in CNY. If the btc trading is on and some of the time it is then its very easy but normally they close btc trading alot of time due to arbitrage only (LOL) the key is to first go to coinmarketcap.com search the desired coin u want to trade (from the list of btc38 website ofc) and then click on market column below u will clearly be able to see how much price difference there is like this
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once u see enough price difference then u can go ahead and buy the coin using the cheapest exchange and transfer it to btc38.
Now here is the tricky part u can sell the coin in profit here but u dont get btc u get CNY! so what to do with that cny.
Firs thing u do is copy the same qty of coin u sold and put it on the original exchange u bought (just copy paste not transfer your coins) there u can see how much btc u would have got had u sold it on the same exchange.
Then u go to the bitcoin pair in btc38 and check the current market rate and see how much btc u will be receiving against your CNY. 8 out of 10 times i am already making profit on it as soon as i go and sell my cny for bitcoins but incase u think its not enough u can always give it a few min and u will get better rate from there.
WARNING : I WILL NOT BE RESPONSIBLE FOR YOUR LOSSES INCASE YOU MAKE ANY AS YOU KNOW THE MARKET CAN MOVE PRETTY QUICKLY AT TIMES.
All things said Goodluck and only do it if you know what your're doing.
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Thanks buddy
Me too, great post. Follow me so you can let me know you have more @dakashin
okay but for that u need to follow me bro
EtherDelta is a Goldmine https://steemit.com/gifto/@fifelue/tips-be-a-millionaire-using-arbitrage
I wrote an article that explains a simple way to arbitrage across cryptocurrency exchanges, and the math involved. Important to know what you are getting into so that you will not be trading at a loss. https://steemit.com/arbitrage/@kesor/the-math-behind-cross-exchange-arbitrage-trading