Home / Crypto Currency / Crypto Arbitrage Today: USDT, TUSD, ZEC, TRX , XEM, ETC

Crypto Arbitrage Today: USDT, TUSD, ZEC, TRX , XEM, ETC

Cryptocurrency arbitrage trading opportunities will always become apparent when a new day comes around. It is evident there are many different ways to make money with cryptocurrency, even if markets are not noting any real gains or losses. The following six coins are worth checking out in this department, as there is some decent money to be made.

ZCash (YoBit / HitBTC / Bittrex)

There are many different arbitrage opportunities where ZCash is concerned. Most exchanges have a lower price compared to YoBit, which allows for a quick and easy profit. Buying on HitBTC, Gate.io, CEX, Bittrex, or Bitfinex and selling on YoBit will result in profits of up to 1.8%. A more than healthy gain for doing little work, depending on overall liquidity across the different exchanges.

TrueUSD (VeBitcoin / Binance)

It has not been an easy time for stablecoins to do what they are designed to do: maintaining a peg to the US Dollar. In the case of TrueUSD, the value on Vebitcoin is slightly below that on Binance, which makes for some interesting opportunities. There isn’t a ton of liquidity at these prices on Vebitcoin, but the early bird can still get the worm.

Ethereum Classic (Gate / Binance/ YoBit)

Buying any cryptocurrency on an exchange that isn’t YoBit and selling it on YoBit seems to result in profits these days. For those looking to trade Ethereum Classic, buying on Gate, Koineks, Binance, KuCoin, or Poloniex will allow for some easy profits. Gains of 2% should be achievable without too many problems.

XEM (Koineks / Livecoin / YoBit)

Despite a rather tough year for XEM, it seems the altcoin is still in demand and can effectively lead to some arbitrage profits. Buying XEM on either Koineks or Livecoin and selling on YoBit can result in a profit of 5%. That is a lot of good money waiting to be made for doing virtually nothing at all, assuming there is sufficient liquidity.

TRON (HitBTC / Bitfinex / OKEx)

Numerous exchanges offer TRX trading, albeit often at slightly different prices. As of right now, there is a good chance buying TRON on HitBTC, Gate, Koineks, Bitfinex, Binance, or OKEx will allow users to score a quick 1% profit by flipping TRX on YoBit. A very peculiar option, primarily because the potential profit is nearly identical for buying on any of the listed exchanges.

USDT (KuCoin / Bittrex / BtcTurk)

It is somewhat unusual to see stablecoins offer arbitrage opportunities in Turkey. For the time being, buying USDT on BtcTurk, Koineks, Sistemkoin, or even Bittrex and selling it on KuCoin will result in profits of up to 1.7%. That is quite good money to be made from one of the most liquid stablecoin pairs which is used across dozens of exchanges in this day and age.

All information is provided courtesy of Arbing Tool.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

Read more

Check Also

Bitcoin Cash Price Gets Skewed due to Exchange Trickery

A lot of confusing action is taking place where the Bitcoin Cash price is concerned. Although its actual decline in value is quite obvious for everyone to see, the real price of BCH is not necessarily what people can see on Coinmarketcap. This is primarily because numerous exchanges treat BCHABC as Bitcoin Cash already despite nothing being decided in terms of which chain will be the longest. Bitcoin Cash Value Fluctuates Heavily Depending on where traders look at, the price of Bitcoin Cash will be either close to the $400 level or down to $250-ish. That is quite a large gap between prices, yet one that is also very easy to explain. Bitcoin Cash, as people knew it before the fork, no longer exists. Most professional exchanges have also retired this price ticker, for the time being. As the hash war rages on, there are still a lot of unknown factors waiting to be addressed. Despite this ongoing kerfuffle, there is a net 5.76% decrease in the Bitcoin Cash price, and a 5.4% decline over Bitcoin. More specifically, that is what CoinMarketCap reports at this time, although this is not necessarily the case whatsoever. In fact, some exchanges are clearly jumping the gun by labeling BCHABC as BCH and thus dragging the Bitcoin Cash price down a bit more. Exchanges currently engaging in this activity include Bittrex and Coinex, neither of which plays a big role of importance when it comes to trading. However, based on the current value of BCH on Bitfinex and Gate.io, it seems a similar incident is taking place. One also has to keep in mind Bitcoin Cash was getting battered ahead of the network split as well. Most exchanges have halted trading of BCH indefinitely, primarily because the currency no longer exists. It is evident either BCHABC or BCHSV will take over that name in the future, but nothing has been decided at this point. As such, any trading referring to just “Bitcoin Cash” or “BCH” should be avoided, as most users can never be sure which currency is effectively being traded under this name. All of this skews the picture pertaining to Bitcoin Cash altogether. Coinmarketcap reports there is still $392m in trading volume for BCH, even though that is virtually impossible right now. With so many exchanges freezing deposits and withdrawals, it is evident actual BCH trading is no longer possible whatsoever. Virtually all platforms have deposits of BCHSV and BCHABC frozen as well, which only makes this market trend more confusing. It is safe to say the entire network split has been a bit of a mess first and foremost. In the case of Bitcoin Cash itself, that name will – under the current circumstances- not be used across exchanges for much longer. Instead, the two separate camps need to be treated as such first and foremost. Until things settle down – with might not necessarily happen anytime soon – the Bitcoin Cash price itself is pretty much irrelevant for most traders and speculators. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Bitcoin Cash Price Gets Skewed due to Exchange Trickery appeared first on NullTX.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Disclaimer: Trading in bitcoins or other digital currencies carries a high level of risk and can result in the total loss of the invested capital. theonlinetech.org does not provide investment advice, but only reflects its own opinion. Please ensure that if you trade or invest in bitcoins or other digital currencies (for example, investing in cloud mining services) you fully understand the risks involved! Please also note that some external links are affiliate links.