Hey, what's up guys? Welcome back to my channel. This is CryptoZone, and I'm glad you're joining us. In today's article, I'll be showing you guys how you can make up to $40,000 to $50,000 using common P2P arbitrage. I'll be showing you guys using the Binance app. So I'll be showing you guys how I can make a lot of money using P2P arbitrage. So guys, if you're new to my channel, please do well to check out my videos that I have on this channel. You want to like the video and subscribe to our channel so you don't miss out on any of the videos we'll be releasing subsequently. And if you have any questions about the video we're making today, do well to drop it in the comment section. I will try my best to answer it as fast as possible. And there will be others there to also help you answer the questions because there are many people already using the arbitrage to make money. So I'll be trying my best to explain this thing in the simplest steps possible so that you guys can understand how to use P2P arbitrage to make money, even without staying in Nigeria. Actually, you can use these arbitrages from any part of the world. All you need to do is to change your currency to your native currency related to the country you're staying in, and you're good to go. So guys, we'll be using the coins right on the top of this app for our arbitrage today. We have the USD coin, we have Bitcoin, we have BUSD, we have BNB, and we have Ethereum. We can also use, so for what we are going to do today, but for today, we will be using the USDT and Bitcoin to do all we need to do. And guys, please remember that there's much fluctuation in coin price, and this also affects arbitrage and also affects the amount of money you can make on a particular arbitrage trade you make at each time. So guys, and also you can see the Binance platform USD or sold at different price. You can see right here that fluctuation in price. You can see this person is selling for $701 Naira per dollar, depending on $702. If you scroll down, you're going to see different prices. If you see scrolling down, you're going to see different prices varying with some cobles and some just like that. Even if this is for buying of dollars, but if you go to sale, the prices also vary greatly. You can see $702 Naira. If you scroll down, you will also likely to see $600 Naira, down, down, down. You can see $700 Naira here. If you scroll down, you are seeing 619 Naira already.
First of all, we need to start the arbitrage. We need to have some USDT or to buy some USD with our Nigerian Naira. So if you already have your USDT on your Binance platform, you are good. But if you don't have USDT already, you need to come to the P2P page right here and click on 'buy'. So under the buy page, you're going to see different vendors who are selling their USD already on this platform. So all you need to do is to go ahead, depending on the quantity you want to use for the arbitrage. Okay, for the sake of this video, we'll be using 100 as our volume of USDT we'll be using for the arbitrage. I want to use dollars because I want everybody to fully participate in the video, despite the location of the country they are coming from, because if I use Naira, it will be only limited to my audience from Nigeria. But I have audience from other countries. So I'll be using dollar rate to do everything I'll be doing, but I can also do a Naira conversion to Naira. So these are the vendors that are selling their USDT. So you can buy from any of these vendors. The prices are almost at the same range. It's just varying with the cobbles. So all you need to do is to go ahead and depending on the volume you want to buy, let's say you want to buy your volume between-- you want to buy a volume that can give you between 30 dollars to 200 and 69,000. All you need to do is to go ahead and click 'buy' from this trade. So you go ahead and click on 'buy' right here. So once you click on buy, you're going to see this page open right like this. So what you need to do is to enter the amount of money you want to use and buy the USDT. So right here, we say we need 100 dollars. So we need to enter an amount in Naira that can give us at least 100 dollars. So let's try. 100 dollars should be giving us around 61,000 Naira. Okay, they say the minimum is 30,000. So okay, this is 1000. It's giving us 86.8 or 7 USD. So we need to increase our yield. Okay, let's put, okay, still not up to. So let's put 70, lasting up to 72 dollars. Okay, so 70 dollars will give us 72,000 Naira will give us 102 USD. So okay, we can go with this or we can definitely put 71,000 Naira. So okay, so 71,000 Naira will give us 101 USD. So guys, all you need to do is to go ahead and click on 'buy' with 0 gas fee. But guys, I already have USDT on my wallet, so I wouldn't need to buy anymore. So we'll be going ahead with the USDT I already have in my wallet. So I will show you guys how you can make money using the P2P arbitrage. So right now, let's assume I already have YUI coin on my wallet. So right now, we need to go back so I will show you guys the next thing you need to do on this place. So right here we go back this OK. This is our wallet and right now guys we need to convert like I told you we need to buy coins like Bitcoin or we can buy Ethereum. You can buy so but like I said coins are actually fluctuating in price. So we need to buy for the sake of this video we'll be buying Bitcoin. So all we need to do is to go ahead and click on this trade right here. So guys there are different ways you can be able to buy coin on Binance. There are two major ways you can have to buy coin in Binance. The first way is by using the spot. You can buy coin using the spot trading. But one thing with the spot trading is that you will be charged a gas fee for using spot trading to buy coin on Binance. But also you can also buy coin using this convert icon right here. And the advantage with it is that it is completely for free. You will not be charged anything. So for this reason, we'll be using the convert button to buy our coins right here. So we need to go ahead and click on convert. So I told you guys we'll be using $100 to buy a volume of Bitcoin. So right now we need to select that we'll be using $100 right here. So we'll type in $100. So we'll be using $100. And now we want to buy Bitcoin. So we need to preview how much of Bitcoin we get by using our $100. So we need to preview right here. And as you can see right here, $100 USD will give us 0.00503573 Bitcoin. So we will go ahead and buy the Bitcoin with our $100. Refresh and then go ahead and convert. So guys, as you can see right here, we have purchased Bitcoin with $100. So we're going to wait for the price of Bitcoin to go up a bit so we can sell and get back our capital and also get a profit from this trade or this arbitrage. We just initiated right now. So there's no need to preview history. We can just go back to our home. As you can see, we use $100 to buy Bitcoin. So right now, we're going to wait till we make a profit. Then we'll go ahead and convert our Bitcoin back into USDT. So guys, we'll be converting all our Bitcoins back to USDT once we see an increase in the price of Bitcoin so I can be able to make profit. Because this is the only way you can be able to make profit through this P2P arbitrage. So right now, we'll go back to our home. So we're going to wait for Bitcoin to make a significant change in profit then we'll go ahead and convert our Bitcoin back into our USDT. So before then, select here. Let's just change here to Bitcoin and vice versa. Okay, so we'll select Bitcoin right here. BTC. So we'll convert to convert right here to USDT. So we will be converting everything to. So we're going to wait till Bitcoin makes a move in the price so we can be able to get profit from the arbitrage we've initiated already. So right now, we'll go ahead and preview what we're going to get if we will swap our Bitcoin back to USDT. So as you can see, we have 0.0050. Traces for USD/bitcoin, which we bought with $100. So right now, we need to preview this transaction. So we'll go ahead and click on preview $103.832 USDT. So we already have a profit of $3.832 USDT already. So guys, go back and refresh this page and convert our transaction. So we have converted our Bitcoin back to USDT and we have made a profit of $3.85823709 USDT. So guys, this is an approximate of $2,714. Let's check. Let's use our calculator. So let's just say we have $3.85857 times let's use the USD rate of $370.5 Naira. And guys, we have a profit of $2,714 Naira per one arbitrage trade. As if you manage to carry out arbitrage for like 20 times in a day, that means you'll be having like let's say times 20, you'll be having $54,289 Naira profit per day. So guys, the amount of money you make from this arbitrage depends on how many times you are able to do that in a day. So in one single trade, I was able to make $2,714 Naira, that is $3.85 in one attempt. I made. So guys, you can be able to exploit this arbitrage opportunity, explore this arbitrage opportunity, exploit and make as much money as you can able to if you do it for like 10 times in a day, you'll be making half of 54,000. If you do it for like 40 times in a day, you will be making close to $100,000. So guys, like I said earlier, this is completely dependent on the current price of the coins you are trading. And the truth is that coin prices are always fluctuating. So you can't really be sure. So you always do it when the coin prices are a bit low and make out your gain when the coin prices have gone up. So guys, that's how it works. So guys, that's it about the P2P arbitrage and how it works. As you can see, we made a pretty good profit in just a few minutes. We made some profit in just a single trade. So you can do it, try it as many times as possible and make sure that you are maintaining risks, maintaining a loss that you don't go and lose your funds on trade. Make sure you buy when the market is low and sell when the market is high. So guys, this is about the arbitrage video. If you have any questions you have to ask, drop them in the comments section. I would like to get back to you. Thanks for watching and do.
Q: What is the topic of the first article?
A: The first article is about exploring P2P arbitrage opportunities on Binance.
Q: What are some key points mentioned in the first article?
A: The key points include how to make money using P2P arbitrage, the use of USDT and Bitcoin for arbitrage, the fluctuation of coin prices, buying and converting coins on Binance, and the process of initiating a P2P arbitrage trade.
Q: How does the author suggest viewers participate in the video despite their location?
A: The author suggests using dollar rates instead of Naira to make the video accessible to audiences from different countries. This allows everyone to participate in the arbitrage methods being demonstrated.
Q: What advice is given regarding managing risks in P2P arbitrage?
A: The advice includes buying when the market is low and selling when the market is high, maintaining risks to avoid losing funds, and being cautious with trading decisions to maximize profits.
