Trading on a crypto platform can bring you more than $1,000 of daily profit. You can double the deposit in less than a week. Moreover, in order to receive this income, it is not necessary to understand fundamental and technical analysis. Profit is available regardless of whether the rate of Bitcoin and other coins rises or falls. How is this possible, you ask? The answer is simple: crypto arbitrage.

What is cryptocurrency arbitrage

The easiest way to make money on digital assets is trading. Traders buy Bitcoin, Ethereum and other cryptocurrencies and wait for their price to rise. Is it possible to increase capital in this way? Yes. But with the same probability, you can lose everything. The rate of cryptocurrencies is changing rapidly. No analyst is able to accurately predict in which direction the chart will move.

As a result, beginners deposit money and spend time analyzing quotes, indicators, forecasts. And then the cryptocurrency chart rapidly moves in the opposite direction.

Therefore, there is a less risky way to make money on trading platforms: crypto arbitrage.

The price of tokens and coins varies on different platforms, sometimes up to tens of percent. For example, as of the end of 2023, 1 LTC on Binance.com costs $64.76. At the same time, on the Trustbity.com exchange, LTC can be sold for $70.20. The difference in the coin rate is almost 8.5%. This is exactly how much a trader can get from one arbitrage transaction.

Classic scheme for making money on arbitrage:

The trader finds 2 exchanges where the price of crypto assets is different.

The coin or token is purchased on the platform with the lowest exchange rate.

The digital currency is transferred to the crypto exchange with the best quotes.

The asset is sold on the spot market at a more favorable price for the USDT stablecoin.

After this, USDT is transferred to the first exchange and exchanged back to the crypto asset, after which you can repeat the circle with a higher amount, this is how your profit grows.

Expected benefits

The main advantage of crypto arbitrage: you do not need to make market analysis. It doesn’t matter if the price of coins rises or falls. You get profit from the difference in rates, and not from the dynamics of quotes.

You can estimate the approximate profit from each transaction. For example, if the exchange commission is 1%, the difference in rates is 3%, then each transaction brings you up to 2%.

Another advantage is the easy start of earning for beginners. You need approximately 1 day to work out a scheme for making a profit.

Step-by-step instruction:

To make money on crypto arbitrage, you need:

Create accounts on two or more exchanges such as Binance.com and Trustbity.com

Deposit money into your personal account, you can purchase USDT through the P2P trading section by choosing a suitable payment method, for example, paying with a bank card

If you already have cryptocurrency on the exchange, you can exchange it for the LTC you need to operate through the spot market by finding and selecting a suitable currency pair.

Find an arbitrage opportunity, at the time of writing the current method of arbitration through the LTC coin, this means that you need to go to the exchanges and check the rates, if the rates are different and on one exchange the price is lower and on the other it is higher, then the method is current and works

Transfer an LTC asset from the first exchange to the second.

Sell LTC on a second exchange while the rate is favorable.

The profit received can be withdrawn back to USDT and withdrawn back to the first exchange, after which the circle repeats.

Attachment. For the most comfortable and efficient work, you must pass KYC verification on the exchanges with which you work, you should also know about the withdrawal limits on the exchanges with which you work, usually after passing KYC verification, your limits increase significantly and you can work with a trading deposit at least $100,000

In today’s dynamic world of cryptocurrencies, identifying the best crypto investment opportunities for the long term is paramount. In this article, we delve into a captivating development that has caught the attention of crypto enthusiasts and investors alike. 

Tether, the issuer of the world’s largest stablecoin USDT, is making a bold move into Bitcoin mining in Latin America. This strategic shift not only positions Tether at the forefront of innovation but also raises intriguing questions about the potential benefits for top crypto coins, including the prospects for $ROE. 

Join us as we explore Tether’s groundbreaking plans and their potential implications on the cryptocurrency landscape.

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Tether’s Entrée into Bitcoin Mining

Four months have passed since Tether first announced its ambitious plans to enter the world of Bitcoin mining in Latin America. The moment of realization is now at hand, as Tether Energy prepares to deploy its initial mining rigs. 

Paulo Ardoino, Tether’s Chief Technology Officer, has confirmed that Tether Energy is currently in the process of setting up its mining operations at an undisclosed location within Latin America.

In a noteworthy tweet on August 26, Ardoino addressed and dismissed speculations and rumors that had been circulating regarding the progress of the mining project. He assured the crypto community that the project was advancing smoothly, with the entire team working tirelessly to commence operations in the coming weeks. 

Ardoino, however, wisely refrained from disclosing the exact location of the mining farm to avoid unwarranted attention.

Despite this foray the precise timeline for Tether Energy’s integration with the Bitcoin network remains uncertain. Nonetheless, what remains clear is Tether’s unwavering dedication to its objectives, despite the increasing scrutiny from certain factions seeking to undermine the project. 

Tether’s decision to initiate a Bitcoin mining farm aligns with a strategic vision aimed at further decentralizing the network and promoting sustainable worldwide distribution of mining operations. This decision resonates with Bitcoin’s status as the world’s largest blockchain network employing the proof-of-work consensus algorithm.

Potential Impact on Top Crypto Coins and $ROE

Now, let’s turn our attention to the top crypto coins that many investors seek as the best crypto to buy today for long-term gains. Amidst these coins, one that deserves special attention is $ROE, the native token of Borroe.Finance. The Borroe.Finance presale has been generating significant buzz within the crypto community, and for good reason.

At present, the presale has achieved remarkable success, with over 58.13% of the total supply already sold, amounting to an impressive 95,909,451 $ROE tokens. What makes this presale even more enticing is its pricing at the second stage, offering each token at a compelling price of $0.015. Investors looking for a good crypto to buy can turn to Borroe.Finance.

Tether’s entry into Bitcoin mining could have far-reaching implications for both established top crypto coins and promising projects like $ROE. As Tether contributes to bolstering the security and decentralization of the Bitcoin network, it could engender greater investor confidence in the broader cryptocurrency market. 

With Bitcoin’s enhanced stability and appeal, investors may diversify their portfolios by considering the best crypto investments for long-term growth, including top-performing altcoins like $ROE.

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Don’t Miss Out on Borroe.Finance Presale

The Borroe.Finance ($ROE) presale has been turning heads in the crypto community, and for good reason. It has already achieved a remarkable milestone, with over 58.13% of the total supply already sold, totaling an impressive 95,909,451 $ROE tokens. What makes this opportunity even more enticing is the second-stage presale price of just $0.015 per token. 

For investors seeking the best crypto to buy today for long term gains, this presents a compelling option that should not be overlooked. As the crypto market evolves in response to developments like Tether’s foray into Bitcoin mining, diversifying into promising altcoins like $ROE could prove to be a strategic move that pays dividends in the future. 

So, seize the opportunity and consider participating in the Borroe.Finance presale before it’s too late!

Learn more about Borroe.Finance ($ROE) here:

Visit Borroe.Finance Presale | Join The Telegram Group | Follow Borroe on Twitter 

Venture capital firm Paradigm has criticized the United States Securities and Exchange Commission (SEC) for bypassing the standard rulemaking procedures in its current legal action against the cryptocurrency exchange Binance.

In a statement released on Friday, Sept. 29, Paradigm stated the SEC is attempting to use the allegations in its complaint to alter the law without adhering to the established rulemaking process. Paradigm firmly believes that the SEC is exceeding its regulatory boundaries and further stated that it strongly opposes this tactic.

In June, the SEC initiated legal action against Binance, accusing it of multiple violations of securities laws, such as operating without the necessary registration as an exchange, broker-dealer or clearing agency. Paradigm also underscored that the SEC has been pursuing similar cases against various cryptocurrency exchanges lately and voiced apprehension that the SEC’s stance “could fundamentally reshape our comprehension of securities law in several critical aspects.“

Additionally, Paradigm highlighted concerns regarding the shortcomings of the SEC’s application of the Howey test. The SEC often relies on the Howey test — originating from a 1946 U.S. Supreme Court case involving citrus groves — to determine whether transactions meet the criteria for investment contracts and fall under securities regulations.

In its amicus brief, Paradigm asserted that many assets are actively marketed, purchased and traded based on their profit prospects. Nevertheless, the SEC has consistently exempted them from being classified as securities. The brief further pointed out instances such as gold, silver and fine art, underscoring that merely having the potential for value appreciation does not inherently classify their sale as a security transaction.

Related: Binance Russia buyer tightlipped on owners, denies CZ involvement

USD Coin (USDC) issuer Circle has recently become a participant in the ongoing legal dispute between Binance and the SEC. Circle believes the SEC should not categorize stablecoins as securities.

Circle argues that these assets should not be categorized as securities because individuals acquiring stablecoins do not do so to derive profits.

Magazine: Crypto regulation: Does SEC Chair Gary Gensler have the final say?