All traders try to make use of arbitrage to their advantage. But what is this arbitrage that everyone seems to be talking about lately, and how can you use it with your XRP portfolio?
In layman’s terms, arbitrage is buying something from a market that’s selling it at a lower price than the mean, and instantly selling it on a market that’s buying it at a higher price than the mean. A lot of people vouch for the risk-free aspect of this solution.
So, why would you use this with XRP? Well, let’s analyze XRP’s situation. There are currently almost 43 billion coins circulating at the moment, with a total market cap of over 20 billion USD, making it 3rd in the ranks, just behind Ethereum and Bitcoin. At the time of writing, the price for an XRP coin is just below 50 cents, having an all time high of $3.4. This means that there’s a lot of potential for it to grow, and that there are a lot of differences on the market. These differences are exactly what you could profit off of.
For instance, CoinArbitrageBot is currently showing a profit margin of 21.31% if you buy Ripple from coindeal and sell it on tradesatoshi. There’s almost a 15-cent difference in price.
Ok, now that you know what XRP Arbitrage is all about, how can you get started, you ask? Well, it’s pretty easy. You just need to look for a bot that can do all the work for you. That’s right, you don’t even need to lift a finger. Just let a highly intelligent, programmed robot do all the XRP Arbitrage for you.
Don’t want to Google this? Well then, Executium, for example, is a great choice that queries real-time crypto exchanges. It then selects arbitrage opportunities based on your selected minimum profit percentage. And it does it free of charge. So, what are you waiting for?