sincerem
VIP Contributor
Cross chain arbitrage crypto trading isn't a popular choice to some crypto users especially those who aren't into arbitrage.
Cross- chain arbitrage simply operate between one exchange to another and capitalizing on the price of a particular crypto. It can be either, ETH, BTC, SOL, BNB. BCH, ICP etc.
You simply capitalize on the price difference of the coin from the exchange, which is selling higher or lower. When the exchange is selling higher, you simply buy from the lower side and simply send it to the other exchange operating on a high price value.
But you should simply be wary of gas fee, arbitrage a coin or blockchain network that isn't slow when it comes to transaction processing.
If you're dealing on Bitcoin for example, you should simply use a blockchain network that wouldn't waste hours sending the coin to the other exchange in order to capitalize on its market price changes of selling higher.
If their is delay in the blockchain when processing the coin to the destination you want it, then it is likely that the market can simply go against you.
In order to maximize profit and minimize loss via cross - chain arbitrage, we should simply be time cautious, use fast processing blockchain network like BSC, TRC-20 ERC-20, to avoid network delay due to congestion.
Cross- chain arbitrage simply operate between one exchange to another and capitalizing on the price of a particular crypto. It can be either, ETH, BTC, SOL, BNB. BCH, ICP etc.
You simply capitalize on the price difference of the coin from the exchange, which is selling higher or lower. When the exchange is selling higher, you simply buy from the lower side and simply send it to the other exchange operating on a high price value.
But you should simply be wary of gas fee, arbitrage a coin or blockchain network that isn't slow when it comes to transaction processing.
If you're dealing on Bitcoin for example, you should simply use a blockchain network that wouldn't waste hours sending the coin to the other exchange in order to capitalize on its market price changes of selling higher.
If their is delay in the blockchain when processing the coin to the destination you want it, then it is likely that the market can simply go against you.
In order to maximize profit and minimize loss via cross - chain arbitrage, we should simply be time cautious, use fast processing blockchain network like BSC, TRC-20 ERC-20, to avoid network delay due to congestion.