Arbitrage is one of the most famous ways in bitcoin trading. In fact, arbitration in Indodax is cheaper now because of how big the hype is.
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In simple terms, arbitrage in the world of bitcoin trading is the exchange of the same crypto asset from one exchange platform to another. There are several uses. First, it can send money in a different country.
Second, bitcoin traders or crypto asset traders take advantage of arbitrage to take profits. Because on each exchange platform, the price of bitcoin or crypto assets varies. Only the movement of the ups and downs is the same throughout the world.
However, in exchange or arbitrage, there is usually a fee that must be paid by traders. Usually, the fee is quite expensive. However, Indodax provides convenience by providing a fee that only counts not up to IDR 1,000,000, namely by trading on the Tether (USDT) market.
USDT is one of the most widely used stablecoins by traders for arbitrage mechanisms. Previously, USDT transfers on Indodax only used the Erc20 network. However, the feenya is quite large, around 3-5 USDT or around Rp.50,000.
Because many people arbitrate in the USDT market, it makes Indodax easier and makes its fees cheaper. Indodax uses the Trc20 network. The fee is only 0.01 USDT or less than IDR 1,000. In fact, not only is it cheap, the transfer can also be faster.
Here are the steps:
Well, then, you can exchange USDT on a more expensive platform so that you can get profit just by exchanging USDT. It seems that you should try arbitrage in the USDT market. Because USDT is one of the top ranking coins, even though bitcoin is the most favorite.
That was the cheapest arbitrage method in Indodax. Hopefully this can make you even more profitable in trading bitcoin and crypto assets. Don’t miss other interesting articles on Indodax.Academy.
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