Hi my name is redita. I bought my first bitcoin in 2012
This is my first post I and i want to share my trading experience
I get profit 3-5% per day on arbitrage trading.
I live in Indonesia where most of crypto currency price is higher than global market
The simplest arbitrage is buy cryptocurrency at bitfinex and sell it to Indodax.com
To compare crypto currency I use free tool from http://rumahkoin.com
I also trade between Indodax.com and gate.io
This is step by step arbitrage :
- Monitor price difference between Indodax.com and gate.io using this free tools from rumahkoin.com
https://rumahkoin.com/arbitrage-indodax-vs-gate-io/
Using that link above to decide what crypto currency to buy and sell.
Let me give example. Price wave when I write this article Wave at Indodax is cheaper than Gate.io so i will buy Wave at Indodax.com then send to Gate.io and sell it. I sell wave and get profit 2.6 %After that i buy stellar (XLM) at Gate.io and sell it at Indodax.com. I get profit 3.24 %
So the total profit is 5.84% minus fee that less than 1%
Price difference in Indonesia is quite higher than other country. In December 2017, Bitcoin is sold 30% higher than world market. That's why arbitrage trading is better for me than buy and hold strategy.