Not a day goes by without healthy arbitrage opportunities popping up in the cryptocurrency and digital asset world. While most of the price differences may seem minimal, all of these small profits will eventually add up to some extra money. The following six opportunities all let users make easy money with very little effort involved.
ZCash (Cex / Bittrex / Bitfinex)
Over the past few days, it has become apparent there is some good money to be made from cryptocurrency arbitrage involving the Bitfinex exchange. In the case of ZCash, it is somewhat profitable to buy ZEC on Cex or Bittrex and flip the coins on Bitfinex. The average profit sits near the 1.35% mark, although Bittrex maintains the lowest ZEC price and yields the bigger profit potential.
Bitcoin Gold (Koineks / Bitfinex)
Even though Bitcoin Gold is not necessarily the most successful fork of Bitcoin to date, it is still a viable altcoin for arbitrage opportunities. Buying BTG on the Koineks platform and selling it on Bitfinex will result in a profit of 2.17%. Considering how Bitcoin Gold usually has low trading volume, timing one’s trades correctly will be crucial.
Tron (Koineks / Bitfinex)
It is shaping up to be a good day for flipping altcoins and tokens on the Bitfinex exchange, by the look of things. The platform also has a higher price for Tron compared to Koineks, which makes for a rather interesting opportunity to look into. With an expected profit of 1.53% per trade, there is some good money to be made by flipping one of the more popular altcoins on the market.
Dash (Bittrex / Sistemkoin)
As has been the case for some time now, there is at least one pair of privacy coins subjected to arbitrage opportunities every single day. Alongside ZCash, Dash is another option worth looking into right now. Its value on Bittrex is 1.57% lower compared to Sistmekoin, which makes for a rather straightforward trade. Another good money-making opportunity to keep a close eye on.
EOS (Paribu / Bitfinex)
For those altcoin traders who seemingly can’t get enough of making money through Bitfinex, it seems EOS is another altcoin worth bringing to this platform. One can easily source liquidity from Paribu, which also results in a bigger profit margin. Successfully completing this trade yields a profit of just over 2% per trade. EOS Hardly ever has liquidity problems, although Paribu is still a relatively small exchange first and foremost.
XRP (Bitstamp / Bittrex / Bitfinex)
The final arbitrage opportunity on this list involves selling XRP on the Bitfinex platform. Users can purchase XRP from Vebitcoin, Cex, Bittrex, Bitstamp, Paribu, BtcTurk, or Koineks and can expect an average profit of 2.7% per trade. Considering how popular Ripple’s native asset is, there is a lot of potential money to be made by exploiting these price gaps.
Information provided by 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.
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