Start Arbitrage Business In Nigeria And Make Reasonable Gain.
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- by Nairainvest N,
- Thu, March 16th, 2023
- in Business & Investment
How To Consistently Generate Up To N87,500 Daily With Authentic Arbitrage Business In Nigeria.
Free Short Article.
Let's start with the basis.
What is Arbitrage Business?
Arbitrage Business is the buying of a specific currency or asset at a particular price and selling it at another market(website) at higher price.
You buy at a lower price and sell it another price on a different website. Simple!
In this short article, I will be showing you how to generate consistent and reasonable profit margin with this arbitrage technique using 4 websites.
We are going to be making use of (4 websites) to achieve profit.
1. Binance.com
So you will need to create a
*Binance account at binance.com
*PerfectMoney account at PerfectMoney.com
*Profitchain account at Profitchain.com
*Naira4dollar account at Naira4dollar.com
What we are going to do is;
1. We will buy USDT on binance
2. Convert it to PerfectMoney(PM) on Profitchain
3 Sell the PerfectMoney to Naira4dollar.com At Profitable rate.
And we can repeat this process daily.
For example: You buy 100 USDT at the rate of N755 on binance = N75,500.
You use the 100 USDT to buy PerfectMoney on Profitchain = 125 (PerfectMoney USD)
You sell the 125 PerfectMoney USD on Naira4dollar at the rate of N690. ($125 X 690) = N86,250.
Now let us subtract the initial amount you used in buying USDT from the total amount made.
N75,500 - N86,250 = N10,750
Your profit will be N10,750 on this single transaction.
And you can repeat the same process everyday.
Things to know:
- USDT is a stable coin that is pegged to dollar.
So $1 =1 USDT.
- Perfectmoney is a digital currency that is used for online transactions or trade.
Note: If you don't have a binance account, create one at binance.com after that, buy USDT on binance.
After buying USDT, go to the profitchain Website and buy PerfectMoney with it.
PerfectMoney on profitchain website is currently; 1 USDT = 1.25(PerfectMoney USD)
Which means: If you buy $100 worth of PerfectMoney, you get 125 (PerfectMoney USD).
After your PerfectMoney account has been credited, Goto Naira4dollar.com and and sell it at current rate (N690/PerfectMoney).
Let's do the calculation:
You buy 100 USDT at the rate of N755 on binance = N75,500.
You use the 100 USDT to buy PerfectMoney on Profitchain = 125 (PerfectMoney USD)
You sell the 125 PerfectMoney USD on Naira4dollar at the rate of N690. ($125 X 690) = N86,250.
Now let us subtract the initial amount you used in buying USDT from the total amount made.
N75,500 - N86,250 = N10,750
Your profit will be N10,750 on this single transaction.
And you can repeat the same process everyday.
Note: If you need extra guidance or you are yet to fully understand any of the above steps.
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