I every one.
As you know the L7.trade platform has been a big part of my journey to reach 1 Bitcoin starting from 0 in one year.
For those that want to know more about this journey, you can read my posts : https://www.publish0x.com/from-0-to-1-bitcoin-challenge
I am currently at day 27 a little bit over 1% of my challenge.
I will not go into the details here. If you want more information on the platfrom you can read my specific posts :
Basically, L7.trade is a platform that permit all of us to execute arbitrage trades between crypto exchanges. With this platform you can buy low on one exchange and immediatly sell higher on another plateform. It's a risk free arbitrage.
In reality that's more complex than that. The platform uses agents that will execute the buy and sell trade at the exact same time for you. For their service they will earn a share of the profit. And the platform will also take a piece of this profit. Basically, you will keep one third of it (but it's more then 1% per trade on average). A after the trade the platform acts as a clearing house : sending the crypto to the one who sold it and usd to to one that bought it. In 60 to 90 min the whole process will executed and you will have your crypto plus your share of profit back in your wallet, ready to execute another trade.
You previously have to do these arbitrage manually. Here is a video that show the process step by step :
They have added an automatic trade option.
To use it go to Trade-Cycle and click on Automatic trade. Then choose the coin and the amount of trade you want the platform to execute for you (up to 10). And it's done !
What are the pros and cons ?
- You don't have to do anything. No need of a timer anymore !
- It trades when you sleep, increasing the number of trade you can do daily from 3 to 4 up to 5, increasing the daily profit by 25%!
- it costs 10% of the profit.
How I am adapting my strategy from now on ?
I am going to do the following :
- i will continue to trade manually during the day to keep the 10 % fee in my pocket;
- before going to bed I am going to setp up 2 automatic trades for the night, increasing the number of daily trade to 5.
I hope this post helps.
PS : when you register check the spam mailbox, sometimes their emails end in it.
Good risk free arbitrages !
You want to help me achieve my challenge?
Here is what you can do :
- Follow and support me :
- Follow my blog : https://www.publish0x.com/from-0-to-1-bitcoin-challenge
- follow me on twitter for regular updates : https://twitter.com/julien091277
- You can tip me for free :
- on Publish0x. To do that you nedd to subscribe for free here : https://www.publish0x.com?a=w9aAMx7avM (plus il will get 5% on all the tipping you’ll do !)
- On Tipestry : https://tipestry.com/topics/5d1dc23626ed38239876f00c/my-challenge--from-0-to-1-bitcoin
- Try these faucets to get free Bitcoin or Altcoins:
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And here :
claim free ETH
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Thank you very m