How To Do Cryptocurrency Arbitrage

My mentor says he made 20k like this in 3 hours.

He did this because he is Korean and took advantage of the Kimchi Premium.

https://www.investopedia.com/terms/k/kimchi-premium.asp

The kimchi premium is the gap in cryptocurrency prices in South Korean exchanges compared to foreign exchanges. The kimchi premium is predominately seen in the price of the cryptocurrency bitcoin.

He would buy and sell between the US Exchange and the Korean exchange...

Now I have found a similar opportunity.

Using the App Coing and Coinarbitragebot.com I can find these different arbitrage opportunities between exchanges.

They use bots on all the various exchanges and record the price and take note of any percentage differences. They also record the buy/sell volume. Coing recommends only buying and selling coins with high volume of at least 10k.

Right now the price of Tron on Coinarbitragebot.com is 0.000001 on the exchange bkex and 0.00000183 on the exchange called liquid but the volume on liquid is to low (1,000) it would be better to sell at bitforex for 0.00000172, whose volume is (4 million)

This is a 45% profit on one trade alone. And its been this way for a couple days.

The System is simple buy low on one exchange and sell high on the next.

Please post your thoughts and your results in the comment section.

Hi, just out of curiosity what was your mentor's initial balance. Great they made 20K but 20K of what?

Thnx
Jess

I have no idea what his initial balance was

Trading arbitrage can potentially generate 20% monthly...or maybe more if the markets are good.

It's possible, I have the source for a personal use crypto arb platform, DOGE was the best performing the other month but this month it was XTZ.

Easiest money to make with crypto is to buy shitcoins at the beginning of a bull market like right now and sell a year later. You will make at least 20x. No need to day trade or swing trade those things. You can get rich by just buying and holding. Make sure you sell though when shit gets crazy cuz they will collapse 90%+ at some point. Here are some coins for massive gains next year: APE, GLMR, KSM, GALA, SUSHI

has anyone actually been involved in crypto arbitrage. how was it set up/administered. what was the crypto. what was the invested amount, what were returns.