Cryptocurrency Trading Strategy: How Does Arbitrage Work?

Arbitrage is a simple cryptocurrency trading strategy where in you buy a cryptocurrency on an exchange platform that quotes low price for the token that you are aiming to trade with and sell it on another crypto-exchange platform where the price is high for the highest bidder.

It’s a forthright and lucrative cryptocurrency trading strategy on the exchange, which requires only steady monitoring of exchange values. However, including possible pay-outs, you need to take into account the commission that some exchange platform charges. If the variance in the exchange rates of one coinage on exchanges is 2–3% or more, the trade can be lucrative. In case the exchange variance is less than 2%, then the turnover will be minimal, or it will not be at all because of the charge.

Moreover, arbitrage traders can profit as there are quite low buyer figures and competition — when you liken it to the traditional marketplaces.

Let’s say you’ve bought 20 XLAB’s for 700 odd Dollars at some exchange, moved it to your wallet and have trade it instantly on alternative exchange for $800. You will profit off of this trade.

Use this cryptocurrency trading strategy on any of the 14 Platforms that XcelToken Plus is listed on and make profits instantaneously.

ADVANTAGES OF CRYPTOCURRENCY

The world is becoming more and more economically unsafe. This is not to say we are not growing. But as Nassim Taleb states in his book. Antifragile. Our economic mechanism is like a glass jaw. It all comes booming down when it gets hit with a small blow. Both long term and short term this is not good for you and all of the hard-working inhabitant of the world, so investing in cryptocurrency is the best option we have. Here are some of the advantages of cryptocurrency that one should keep in mind:

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Fraud: Cryptocurerncy is digital and cannot be forged or upturned arbitrarily by the sender, as with credit card back charges.

Identity Theft: When you give your credit card to a business, you give the business the admission to your full credit line, even if the transaction is for a small amount. Cryptocurrency use a “push” mechanism that lets the cryptocurrency holder to send precisely what he or she wants to the business or receiver with no further data.

Immediate Settlement: Purchasing real property characteristically involves a number of third parties (Lawyers, Notary),delays, and payment of fees. In numerous ways, the bitcoin/cryptocurency blockchain is like a “large property rights database,” says Gallippi. Bitcoin contracts is intended and enforced to remove or add third party endorsements,reference exterior facts, or be finished at a future date or time for a fraction of the expenditure and time required to complete traditional asset transferences.

Access to Everyone: There are about 2.2 billion persons with access to the Internet or mobile phones who don’t presently have access to traditional exchange platforms. These persons are primed for the Crytocurrency market.

Lower Fees: There aren’t typically transaction fees for cryptocurrency exchanges as the miners are remunerated by the network. Even though there’s no bitcoin/cryptocurrency transaction fee, several expect that most users will involve a third-party facility, such as Coinbase, making and maintaining their own bitcoin wallets. These facilities act like Paypal does for cash or credit card users, offering the online exchange structure for bitcoin, and they are likely to charge fees.

With all these advantages of cryptocurrency in mind find a suitable currency to invest in and trade in cryptocurrency in order to make sure that you reap the benefits of this form of currency transaction and trade.

XcelToken Plus The Future of Cryptocurrencies

With a size of USD 8.27 trillion global economy, the travel industry is one that see a steady upward growth adding to an already existing revenue of about USD 1.34 trillion. Like any other industry, this too has its own shortcomings, with fluctuating currency values, the everchanging policies of various countries, travel for pleasure and for business can be affected. One point of concern for every traveller is exchange of currencies and the hassle that comes along with it. It is true that one can use digital wallets and credit cards, but these payments may incur the traveller an additional cost that can be avoided with the use of cryptocurrencies.

Cryptocurrencies are becoming a favourable medium of exchange, during travels as they do not adhere to global norms that traditional currencies are subjected to, making transactions cheaper and expensive destinations far more reachable to a larger audience. The future of cryptocurrencies is essentially in the regularization of the use of digital wallets that support these transactions that make travel, simple and secure as cryptocurrencies make transactions between two or more parties, trustworthy.

Multiple countries, such as South Korea, Australia, Finland and so on, have currently taken a fancy into assimilating day to day cryptocurrency usage and are actively working towards the regulation of cryptocurrency, that affect the market, but also enable the blockchain boom, making it the best time to invest in cryptocurrencies and for cryptocurrency users to travel to Crypto-friendly destinations.

You can now use XcelToken Plus, a utility token with multiple use-cases, to book your travels on XcelTrip and make sure that the future of cryptocurrencies is bright.

XcelToken Upgrade Announcement

It is imperative for us at XcelLab to provide you with the best, most secure token possible and due to this we are now upgrading the features and security of XcelToken. XcelLab is driven to make sure that you can make the most of the token- not only through trading but also with the ability to use it in your day to day transactions, making your life simpler.

We are now upgrading XcelToken, due to abundance of caution, improved functionality and security. A smooth and seamless relocation will take place form the 10^th to the 15^th of May, 2019. After this upgrade you will be able to trade in XcelToken on eight different platforms from the 15^th of May, 2019, aside from the trading, XcelToken is adopted into usage on XcelTrip– an online travel booking platform where you can check-in at over 800,000 hotels and book tickets with over 400 airlines, XcelPay– a merchant POS and digital payment wallet through which you can now recharge your phones with 900 different carrier services and in 160 countries, with cryptocurrency. With many more use-cases to follow.

You may be wondering if this upgrade would affect the value of the token negatively, XcelLab assures you that the value of the token will remain the same and the upgrade is merely to make sure that you, our customer receives a token that possesses maximum security.

Keep your eyes open for more information that is to follow.

We thank you for your patience and cooperation.

Note- Please do not move your XcelTokens from your wallets from the 10^th to the 15^th of May, 2019.