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How Do Arbitrage Traders Buy Coins Since Naija Cards No Work on Foreign Sites? - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / How Do Arbitrage Traders Buy Coins Since Naija Cards No Work on Foreign Sites? (2822 Views)

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How Do Arbitrage Traders Buy Coins Since Naija Cards No Work on Foreign Sites? by micellgevity: 8:47pm On Dec 25, 2020
How do crypto traders who are into arbitrage now buy coins from foreign exchanges since CBN has blocked almost all bank cards from working. Pls your idea will be appreciated, we need way forward. FG no provide jobs dem still dey block youths from hustling. And dem go say make guys no do yahoo.
Re: How Do Arbitrage Traders Buy Coins Since Naija Cards No Work on Foreign Sites? by Nobody: 9:06pm On Dec 25, 2020
I am not a trader, but this is how it works

Buy btc on luno, then transfer to btc address in any foreign exchange you have an account.

You can only use btc to buy any other coin.

If your wallet supports atomic swap then buy your coin there.
Re: How Do Arbitrage Traders Buy Coins Since Naija Cards No Work on Foreign Sites? by Nueel: 9:36pm On Dec 25, 2020
thebosstrevor1:
I am not a trader, but this is how it works

Buy btc on luno, then transfer to btc address in any foreign exchange you have an account.

You can only use btc to buy any other coin.

If your wallet supports atomic swap then buy your coin there.

What you are saying is not Abitrage and that is not how it works

Arbitrage involves utilising price difference to make profit.

Eg.You buy a coin on Luno and sell the coin on Bundle. You do this due to the price difference of this asset on these two platforms.

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Re: How Do Arbitrage Traders Buy Coins Since Naija Cards No Work on Foreign Sites? by Nobody: 10:16pm On Dec 25, 2020
Nueel:


What you are saying is not Abitrage and that is not how it works

Arbitrage involves utilising price difference to make profit.

Eg.You buy a coin on Luno and sell the coin on Bundle. You do this due to the price difference of this asset on these two platforms.

Dude, learn to read before commenting, do not comment for commenting sake.

The guy was not asking the meaning of arbitrage but rather how to buy crypto on foreign exchanges for arbitrage since Nigerian card does not work on foreign exchanges
Re: How Do Arbitrage Traders Buy Coins Since Naija Cards No Work on Foreign Sites? by oesbay(m): 12:00pm On Dec 27, 2020
thebosstrevor1:


Dude, learn to read before commenting, do not comment for commenting sake.

The guy was not asking the meaning of arbitrage but rather how to buy crypto on foreign exchanges for arbitrage since Nigerian card does not work on foreign exchanges

Seems English is not your first language. The previous guy said read before commenting. And you still repeating the same error

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Re: How Do Arbitrage Traders Buy Coins Since Naija Cards No Work on Foreign Sites? by returncole: 7:04pm On Dec 27, 2020
Abeg who get any good idea or suggestions, you're all here quoting jargons
Re: How Do Arbitrage Traders Buy Coins Since Naija Cards No Work on Foreign Sites? by AnthonyAk(m): 8:28pm On Dec 27, 2020
As someone uo there said just bitcoin on luno like its not rocket science
Re: How Do Arbitrage Traders Buy Coins Since Naija Cards No Work on Foreign Sites? by autofreak2020(m): 10:01pm On Mar 18, 2023
I understand start that you like to make money with crypto arbitrage, but you need to understand how to find legitimate ones out there.

I suggest that you watch this video guide now



https://www.youtube.com/watch?v=fuq7a0_5kbI

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