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Author: Admin | 2025-04-28
Like it’s a sweet $500 profit we can make if we buy on Binance and sell on RandomExchange. Let’s see what we end up with.We buy 1 BTC for $10,000 on Binance. Now we’re left with 0.999 BTC. And then we decide to send all our BTC to RandomExchange, so we now have 0.9986 BTC in our RandomExchange wallet.Oh no! Because it takes around 1 hour for the deposit to clear into our RandomExchange account, the price of BTC on RandomExchange has dropped to $10,300 because people are doing what we’re doing and are selling.When we’re finally able to sell our BTC, the price is already $10,250. So after the trading fees, we’re at 0.9966028 BTC * 10,250 – because we’re turning BTC back to USDT. We now have $10,215.17 USDT. That’s a $215 profit!Oh wait! That’s not all. The reason why BTC’s price was a lot higher on RandomExchange compared to Binance was because people couldn’t withdraw their USDT. (There’s usually a reason why there’s a price difference on exchanges)So now our USDT is stuck on RandomExchange with no timeframe of when we can withdraw. If we’re lucky, we keep the profits if BTC goes down in price. But if BTC goes higher than $10,250 (our selling point), we would lose all our profits.Let’s say we get lucky and the wallet maintenance completes in 3 days. Bitcoin manages to trade sideways and is still $10,000. We transfer our USDT to Binance and take a $7 withdrawal fee. We’re now
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