[anilmr]

I came across an interesting article of making profit from cryptocurrency exchange. I haven't tried it, so can't offer you any proof of profit. This is only for information purpose:

1) First of all you need Bitcoin and Ethereum wallets. Here is one: blockchain.com wallet but you can use all wallets that you like.

2) You need to have at least 40$ Bitcoin (~ 0.01 BTC ) at your wallet

3) Then you need to exchange 0.01 BTC to Ethereum using exchanger cryptocoin24.site on course 0.01 BTC ~ 0.3 ETH

How to exchange here:

- Fill the form and click "Exchange"

- You will see the BTC address of exchanger where you should send specified amount of BTC from your wallet (don't forget about commission for transaction in BTC network about 0.08$)

- You will receive Ethereum after the 1st confirmation of BTC network, it takes about 30 minutes

Now you exchange Ethereum to Bitcoin using exchangers en.changelly.com or alfacashier.com on course 0.3 ETH - 0.0113 BTC

5) So you have ~ 0.0013 BTC (more than 5 $) profit per one circle of exchanges!!!

6) Repeat this procedure 15+ times and your profit will be more than 60$!!! If you start with a larger amount of BTC profit will be higher.

[darkthorn]

I've seen that before but I never tried, but I do something similiar with other cryptocoins and yes you can make some money acting that way

[Vehlijanta]

That's crazy and do you have the required bitcoins to try.

[augusta]

This look simple to do and even make more money with it but you can't be so sure since you haven't tried it. Most things on paper never turnout like the way it was expected.

[cinderella]

Bitcoin is an interesting thing to try. In fact, I earned most of my bitcoins in the past for free. Though the required thing is time because you need to monitor the movement of the coin. I am not setting aside this idea and hope to find more time to learn about it.

[tusziget]

I have never tried it out.Though I wonder, because the value of the cryptos are changing in the same way,when there are fluctuations in their value,so I don't know how it is possible to make profit out of it.

[skysnap]

I have seen this happening in many places that they lose some money in the exchange. And that happens because nobody pays attention to the changes in the fluctuation of prices.

[Chameli]

I have heard about this system of earning crypto currency, however, I have not tried myself. I don't think this works as no one is giving free money.

[riddy09]

It's like you used the different exchange difference of conversion of two cryptos. Although, I just feel they must have high fees to exchange though so it should be lower or not profitable.

[oldbuddy]

If you try it and anything goes wrong, you are stuck paying all the fees only to lose money. I would rather buy cheap advertising with that Bitcoin and promote something to the thousands of people who have Bitcoin and are looking for something to spend it on.

[anilmr]

If you try it and anything goes wrong, you are stuck paying all the fees only to lose money. I would rather buy cheap advertising with that Bitcoin and promote something to the thousands of people who have Bitcoin and are looking for something to spend it on.

Yes, you are right. If something goes wrong, one will surely lose on the fees. That's the main reason I am quite wary of it and have never tried it myself. I could try for smaller amounts if I get positive reviews about the site and proof of profit. Till then, it is wait and watch!

[MysticMoons]

I have never tried this before. I am not sure if it will ever work. But we have
to be careful who we give money to. But I have not tried doing this with exchanges.

[mrki444]

Weird is than you didn't mention fees. Every Exchange site take some fee on transaction.

[ceci]

Yes, the fee could eat up a big portion of the capital itself.

[anilmr]

Yes, the fee could eat up a big portion of the capital itself.

Yes you are right - fees could be a real issue as far as profit is concerned. I have clearly mentioned in my post that I have not tried it myself. I just came across the article related to this concept in an ad while browsing the net, and I just wanted to share the concept only for academic interest.