Mastering Crypto Arbitrage Step by Step Guide for Beginners with Just $100

Summary

In this video, the presenter shares a crypto arbitrage strategy using Trust Wallet and Binance. By exploiting price differences between platforms, users can profit by buying ARPA at a lower price on one exchange and converting it back to USDT. The process involves transferring USDT, selecting the correct network (BE20 for lower fees), and using Trust Wallet efficiently. The strategy requires dedication to spotting these occasional arbitrage opportunities, but it’s a valuable technique for those looking to maximize their crypto profits. The presenter also teases a future video with a more efficient method for executing the strategy.

Takeaways

• 😀 Minimum of 100 USDT is required to start the crypto arbitrage strategy using Trust Wallet.
• 😀 Ensure that Trust Wallet is installed before proceeding with the arbitrage strategy.
• 😀 Transfer 1,000 USDT from Binance to Trust Wallet for the arbitrage process (though 100 USDT can also work).
• 😀 Enable the ARPA coin in Trust Wallet and take note of its current price (0.0721 in the example).
• 😀 Compare the ARPA price on Trust Wallet with the ARPA price on the official website to spot an arbitrage opportunity.
• 😀 In the example, there is an approximate profit of 18% by buying ARPA from the website and transferring it to Trust Wallet.
• 😀 The ARPA coin is available on multiple networks, but in the video, the BE20 network is chosen due to lower fees.
• 😀 Ensure to copy the ARPA wallet address from Trust Wallet correctly to receive the ARPA tokens.
• 😀 The arbitrage strategy involves transferring ARPA from Trust Wallet back to Binance to convert it back to USDT.
• 😀 You can avoid withdrawal fees by using a sending address directly from an exchange to Trust Wallet without transferring funds in between.
• 😀 Finding arbitrage opportunities like this requires dedication, as they only appear every few months.

Q & A

What is the minimum amount required to execute the crypto arbitrage strategy in the script?

The minimum amount required to execute the crypto arbitrage strategy is 100 USDT.

Which app do you need to have installed to perform the arbitrage strategy?

You need to have the Trust Wallet app installed to perform the arbitrage strategy.

What is the current price of ARPA in the Trust Wallet at the time of the video?

The current price of ARPA in Trust Wallet is 0.0721 USDT.

How much profit is the arbitrage opportunity estimated to generate?

The arbitrage opportunity is estimated to generate a profit of approximately 18%.

What network did the speaker choose for transferring ARPA to Trust Wallet?

The speaker chose the BE20 network for transferring ARPA to Trust Wallet.

What is the advantage of using the BE20 network for the transaction?

The BE20 network is chosen because it is fast and has lower transaction fees.

How much USDT did the speaker transfer from Binance to Trust Wallet?

The speaker transferred 1,000 USDT from Binance to Trust Wallet.

What is the method the speaker suggests to avoid withdrawal fees from Trust Wallet?

The speaker suggests copying the sending address and sending the crypto directly from any exchange, thus saving on transaction fees.

What is the total amount of ARPA the speaker receives after the transfer?

The speaker receives 17,322 ARPA, which is equivalent to 1,250.53 USDT.

How does the speaker convert ARPA back to USDT after receiving it in Binance?

After receiving ARPA in Binance, the speaker selects ARPA and swaps it for USDT, resulting in a balance of 1,245 USDT.