Is it possible to make money on the difference in the exchange rate of cryptocurrency?

[deucher]

I had the opportunity to do this several times, but I did not manage to earn much because the exchange rate stabilized. But is it possible to earn in this way on a permanent basis? Have you also noticed such a difference in the rate and were you able to make money from it?

 

[Yusra]

I've had opportunities to capitalize on rate fluctuations, but earnings were limited due to stable exchange rates. While occasional gains are possible, consistent earnings depend on market volatility.

 

[deucher]

I've had opportunities to capitalize on rate fluctuations, but earnings were limited due to stable exchange rates. While occasional gains are possible, consistent earnings depend on market volatility.

Due to volatility, it becomes very difficult because you have to monitor the market 24/7. It also took me 2 days before I managed to do my first successful swap

 

[Stardom22]

It's very possible to earn money through that way. Most crypto and more especially when you deal with some large amounts of money

 

[Guess 85]

I had the opportunity to do this several times, but I did not manage to earn much because the exchange rate stabilized. But is it possible to earn in this way on a permanent basis? Have you also noticed such a difference in the rate and were you able to make money from it?

It is very profitable and I know some of my friends that engage in this, they make leverage on the difference in price of different exchanges.

 

[Nomad]

It is called arbitrage trading, it is very risky as a few seconds taken during execution of trading can make a huge difference.

 

[RainbowSunshine]

I have never been a fan of any trading. Trading need a skill that I do not possess. I prefer simle ways of earning money. With trading, when you blink you lose everything. I need every cent I earn.