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Funkerman
@funkerman
Arbitrage is a trading strategy where you buy cryptocurrency on one exchange at a lower price and sell it on another exchange where the price is **higher**, making a profit from the price difference. š¹ How It Works: 1ļøā£ Identify a crypto asset with a price gap between two exchanges. 2ļøā£ Buy the asset on the exchange with the lower price. 3ļøā£ Transfer it to the exchange where the price is higher. 4ļøā£ Sell it for a profit. š¹ Key Factors to Consider: ā Liquidity ā Higher liquidity ensures smoother transactions. ā Fees ā Trading & withdrawal fees can eat into profits. ā Transfer Speed ā Price gaps can close quickly, reducing profit potential. ā Volume ā Arbitrage works best with large volumes to maximize gains. š” Pro Tip: Some traders use bots to automate arbitrage and capitalize on price differences instantly! š Join vooi.io to learn more
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