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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. šŸ”¹ How It Works: 1ļøāƒ£ Identify a crypto asset with a price gap between two exchanges. 2ļøāƒ£ Buy the asset on the exchange with the lower price. 3ļøāƒ£ Transfer it to the exchange where the price is higher. 4ļøāƒ£ Sell it for a profit. šŸ”¹ Key Factors to Consider: āœ… Liquidity ā€“ Higher liquidity ensures smoother transactions. āœ… Fees ā€“ Trading & withdrawal fees can eat into profits. āœ… Transfer Speed ā€“ Price gaps can close quickly, reducing profit potential. āœ… Volume ā€“ Arbitrage works best with large volumes to maximize gains. šŸ’” Pro Tip: Some traders use bots to automate arbitrage and capitalize on price differences instantly! šŸš€ Join vooi.io to learn more
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