Sirwin
Sirwin

Trade Bitcoin in different currencies and make money with no RISK!

By Jumble | Jumble | 14 Apr 2020


At times the ratio for the Bitcoin (BTC) price in $US to the BTC price in Euros is different than the exchange rate. When this occurs, use the following method to make money with no-RISK:

  1. sell the higher priced BTC/currency pair
  2. convert the funds to the other currency
  3. buy BTC with the other currency

Here is a table of BTC/$USD, BTC/EUR, and the $USD/EUR exchange rate for the time period Monday, April 6th, 2020 to Friday, April 10th, 2020.

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On Tuesday through Thursday, this method would be profitable. Here is an example for Tuesday, April 7th, 2020.

  1. sell 1 BTC and get $7,176.41
  2. sell $7,176.41 and get €36
  3. buy 1.0084 BTC with €36

It is necessary to include the trading commissions to calculate the total profit. To use this method correctly it is necessary to have sufficient capital available.

Good luck with trading.

Note 1: Prices from https://finance.yahoo.com/

Note 2: This post is for information purposes only.  It is not intended to be investment advice.  Seek a duly licensed professional for investment advice.

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Jumble
Jumble

Technical and marketing content writer. And a cryptocurrency fanatic.


Jumble
Jumble

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