Profitcoins.io is being hyped as one of the most promising fintech and cryptocurrency startups in 2018 – a no-brainer way to profit using the arbitrage principle. Profitcoins.io utilizes arbitrage – the simultaneous purchase and sale of an asset to profit from a price difference – as a way to make profits by exploiting the volatility of the currency in today’s cryptocurrency market.
You can trade cryptocurrencies on over 170+ different exchanges throughout the world and there is plenty of opportunity to profit. Arbitrage in the Foreign Exchange Market is a risk-free trading strategy, resulting in profits without open currency exposure. Of course, this requires a great deal of studying, knowledge, patience, knowing when to act, and acting fast when the time is right.
Providers are regularly trading digital currency; and, depending on the day (or even time of day), there could be extreme price fluctuations from when the coin was purchased and sold. For example, in November of 2017, Bitcoin hit $10,000 on a South Korean exchange, but was trading at $9,748 on US exchange at the same time. Savvy investors made a quick and easy $252 in the matter of seconds on this price difference.
The internet is riddled with tools, advice, spreadsheets, books, eBooks, and guides on how to arbitrage cryptocurrencies. Of course, you need to be knowledgeable in Forex, as well as familiar with terminology, such as bids, asks, order book, spreads, etc. Profiting as an arbitrageur is definitely a full-time job!
Even with the amount of work you put into being a cryptocurrency arbitrageur, there are always downfalls. For example, it’s almost impossible to get the timing right with these exchanges and could actually result in you losing money. Plus, many exchanges employ an API call rate limit, severely limiting your actions. For example, if you don’t constantly keep an eye on how often you send a request, you might run into the limit when it seriously counts, such as canceling an order. Further, trade commission fees, as well as fees for withdrawals, deposits, processing, and rebalancing accounts can eat up any profits you actually make.
But, wouldn’t it be nice if we had a tool that could not only spot these price differences, but do the trading for you so you can just sit back and watch your investment grow?
Profitcoins.io utilizes an arbitrage algorithm to analyse all cryptocurrency exchanges and to find each price fluctuation. The same algorithm is connected to the platform via API to make super-fast transitions as soon as it finds a price fluctuation. Plus, they employ PCCTA (Predictive Crypto Currency Trading Algorithm) to save, analyse, and compare all data collected. Through this algorithm, they are able to determine which pairs and platforms tend to have the highest and longest lasting price fluctuations.
Finally, there is a fool-proof way to profit in the cryptocurrency market through the use of arbitrage without any of the work!