LIVE TRADING CRYPTO - How To Profit $10,000 In a Week | 10x Strategy

Summary

In this detailed guide, Mike walks viewers through a BNB/USDT arbitrage trading strategy that can yield up to 15% profit. The process involves purchasing BNB on Binance, transferring it to an external exchange (ZX) where the price is higher, exchanging it for USDT, and then withdrawing the USDT back to Binance. The video emphasizes the importance of selecting the correct networks (BEP20 for BNB and TRC20 for USDT) to ensure successful transactions. Viewers are also reminded to avoid scammers and to check the transaction history for confirmation of profits. The guide concludes with an invitation to join the VIP Telegram channel for more insider strategies.

Takeaways

• 😀 Start by purchasing BNB/USDT on Binance through the 'Spot' section, ensuring you buy at a good price.
• 😀 Always verify that the price of BNB is higher on the exchange you plan to transfer to (in this case, ZX) for profitable arbitrage.
• 😀 Transfer the purchased BNB to ZX using the BEP20 network and confirm the transaction after pasting the correct deposit address.
• 😀 Once BNB arrives on ZX, convert it to USDT with a minimal exchange fee of 0.1%.
• 😀 Withdraw USDT from ZX using the TRC20 network, ensuring the network matches the one used on Binance for the deposit.
• 😀 After completing the withdrawal, check the transaction history on both platforms to confirm successful transfers.
• 😀 The total profit from this arbitrage process is around 15%, or $150 for a $1,000 investment.
• 😀 Be cautious of scammers; always contact administrators first for VIP services or information, not the other way around.
• 😀 Ensure that you're using the correct networks for deposits and withdrawals on both Binance and ZX to avoid issues.
• 😀 You can find more strategies and insider tips by joining the Telegram VIP channel, which offers exclusive content.
• 😀 The entire arbitrage process typically takes a few minutes to execute, with funds being successfully credited back to Binance.

Q & A

What is the BNB USDT Arbitrage Trading Strategy explained in the video?

The BNB USDT Arbitrage Trading Strategy involves buying BNB on Binance at a lower price and selling it on another exchange, such as ZX, where the price is higher. The difference in price (market spread) can result in a profit of around 15%. The process involves transferring BNB between exchanges, converting it to USDT, and then withdrawing the profit back to Binance.

What is the purpose of the Telegram channel mentioned in the video?

The Telegram channel provides free strategies and important information for traders. Additionally, they offer a VIP channel with more exclusive and private strategies, along with insider information. The video also warns viewers to be cautious of scammers and to avoid contacting them first for VIP channel access.

How does the trading process begin on Binance for this arbitrage strategy?

The process starts by selecting the 'Spot' section in the 'Trade' tab on Binance. Then, the user chooses the BNB/USDT trading pair and specifies the amount of USDT they want to trade. Once the order is placed, the user buys BNB with their USDT.

What is the significance of the 15% market spread in the strategy?

The 15% market spread represents the difference in the price of BNB between Binance and ZX. This spread is crucial for making a profit in arbitrage trading. The strategy exploits this price discrepancy to buy BNB at a lower price on Binance and sell it for a higher price on ZX.

What networks and steps are involved in transferring BNB from Binance to ZX?

To transfer BNB from Binance to ZX, the user must deposit the BNB using the BEP-20 network on ZX. The process involves copying the deposit address from ZX, withdrawing BNB from Binance using the BEP-20 network, and completing the security checks before the transfer is processed.

How long does it take for the BNB withdrawal to complete?

The BNB withdrawal typically takes 2 to 3 minutes to be processed and appear on ZX after initiating the withdrawal from Binance.

What is the exchange commission for trading BNB on ZX, and how does it affect the profit?

The exchange commission on ZX is 0.1%. This small fee is deducted during the exchange process when converting BNB to USDT. Although the fee is minimal, it slightly reduces the overall profit from the arbitrage trade.

What steps are involved in withdrawing USDT back to Binance?

To withdraw USDT back to Binance, the user must first go to the 'Wallet' section, select USDT, and click 'Withdraw'. They must choose the TRC-20 network for faster transactions and ensure that the network on both ZX and Binance is the same. After entering the withdrawal amount, the user proceeds with the transfer to Binance.

Why is the TRC-20 network recommended for USDT withdrawals in this strategy?

The TRC-20 network is recommended because it is faster compared to other networks, ensuring that the USDT withdrawal is processed quickly. The TRC-20 network is commonly used for its efficiency and low fees.

How much profit was made from the arbitrage trade, and what is the percentage?

The profit from the arbitrage trade was $150, which is a 15% profit on the initial investment of $1,000. This profit is derived from the price difference between BNB on Binance and ZX after completing the trading steps.