How do I start crypto arbitrage?

BTCC is a leading cryptocurrency exchange that offers a range of services, including spot, futures, and wallet. Spot trading allows for the direct purchase and sale of cryptocurrencies, while futures trading allows for the trading of contracts based on the future price of cryptocurrencies. The wallet service provides a secure way to store cryptocurrencies. BTCC's services make it a one-stop-shop for crypto traders.

To embark on crypto arbitrage, the initial step is to create accounts on various exchanges. This is crucial as it allows for the comparison of prices across different platforms. I chose to register on prominent exchanges such as Coinbase, Binance, and Crypto.com. These exchanges are reputable and offer a wide range of cryptocurrencies.

Once the accounts were set up, the next task was to fund them. This involved transferring funds from my bank account to each exchange. It's important to note that some exchanges may have different deposit methods and fees, so it's essential to research this before making any transfers. Funding the accounts ensured that I had the necessary capital to execute trades.

With the accounts funded, the next step was to identify price divergence. This involves monitoring the prices of cryptocurrencies on different exchanges and looking for discrepancies. Price divergence can occur due to various factors, such as market inefficiencies, time zones, and liquidity. By identifying these discrepancies, I could execute trades that would profit from the price differences.

Executing trades is the core of crypto arbitrage. Once a price divergence was identified, I would quickly buy the cryptocurrency on the exchange with the lower price and simultaneously sell it on the exchange with the higher price. This process required a quick and efficient trading strategy to capitalize on the price differences before they disappeared.