Yesterday, the arbitrage of moving bricks was cheated.I lost about six dollars.A new coin on the MEXC exchange，The coin called TCG2 is too cheating.There is no handling fee for buying and 10% for selling.
The thing is, I was going to sleep last night, I looked at the stock exchange and found that there was a price difference for TCG2. I was afraid of being trapped, so I traded with $200.At this point, the price difference with SWAP is $0.12. I calculated that the profit was about $10.Decisive operation, the result was a quilt, SWAP can not sell out, need to set a slippage of 12%, a direct loss of $12-24. Finally, he recharged to the exchange and sold it.
It seems that there is a difference, and after deducting 12% slip point, there is no difference, or a loss.I am already a third loss in this currency. It is about $ 70, although very little, but I am not happy, I feel cheated.
We must be careful of this 12%-15% selling slip point of the currency, it is easy to lose money or be trapped.