News Altcoin Arbitrage Today: Making Money With XRP, ETH, XLM,...

Altcoin Arbitrage Today: Making Money With XRP, ETH, XLM, LTC, XMR, ZEC

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There is always good money to be made with cryptocurrencies and digital assets. While the current overall market momentum might not necessarily warrant much optimism, there are numerous price gaps affecting a lot of different markets right now. That will undoubtedly allow for some healthy profits to be pocketed, assuming traders are willing to put in some work to achieve this goal.

Monero (Bittrex / Bitfinex)

As has been somewhat of a given over the past few weeks, there is a new Monero arbitrage opportunity to take into account. The price per XMR on Bittrex is 2.58% lower compared to Bittrex, which makes for a rather straightforward trading approach. Both platforms should offer plenty of XMR liquidity as well to ensure traders can take advantage of this price difference.  Netting some quick and easy profits is a great way to kick off the new week.

ZCash (Bittrex / Bitfinex)

For users who aptly check out these arbitrage tips, it may have become apparent Monero and Zcash usually offer nearly identical arbitrage opportunities. Today is no different, as the same values and factors affecting XMR also apply to ZEC. Users can flip coins between the exact same trading platforms and expect an identical profit of 2.58% per trade. Combining both options in one go can yield some pretty decent money in very quick succession.

Stellar Lumens (KuCoin / Binance / EXMO)

A fair few XLM price gaps have become apparent over the past few hours, which makes for some interesting arbitrage opportunities. Buying XLM on KuCoin, Binance, or Kraken and selling on Bitexen can yield a profit of up to 1.96%. Using the same exchanges, combined with either HitBTC or Gate, and selling XLM on EXMO will yield higher profits of up to 2.17%. All of these options are well worth checking out, as XLM has been one of the markets with high trading volume in recent weeks.

Ethereum (Many Platforms)

It seems virtually no two exchanges maintain the same Ethereum price at this time. The more lucrative options involving buying on KuCoin, Poloniex, or Gate and selling on EXMO for up to 2.2% profit. There is also an interesting price gap between Bittrex and Sistemkoin, as well as Binance and Sistemkoin, for a nearly identical profit. Users can also flip ETH between Bitstamp and Bitfinex for a 1.93% profit if they prefer to deal solely with bigger exchanges.

Litecoin (Bitstamp / BtcTurk / VeBitcoin)

For those traders and speculators who plan to buy Litecoin on Bitstamp today, it may be worth looking into the following arbitrage opportunities. The Bitstamp price is significantly lower compared to BtcTurk, Koineks, VeBitcoin, and CEX. Potential profits range anywhere from 1.25% to 2.27%, depending on which exchange one decides to use to source liquidity from.

XRP (Pick Your Poison)

Although XRP arbitrage opportunities are nothing new on the market, it would appear the current price gaps are quite numerous in nature. Buying XRP on HitBTC, OKEx, Poloniex, Gate, Kraken, KuCoin, Bittrex, Binance, or Bitstamp and selling on EXMO, or Bitexen will always yield a profit between 1% and 2.3%. Buying XRP on Bitstamp and selling on Bitfinex, BtcTurk, Koineks, Vebitcoin, or Cex will yield a profit of up to 2.09%. Plenty of options to choose from to make money.


Information provided by Arbing Tool

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

Image(s): Shutterstock.com

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