How to make money with FTO?
Cryptocurrencies are still in the slump. Not everyone wants to invest in a digital asset when the price is relatively low. What if I told you that there is a way to earn additional funds? Arbitrage* is the solution.
FuturoCoin is a strong cryptocurrency with a great future. However, even our coin can’t resist the market turbulence. But there is another way to make money from it, even in the midst of a slowdown.
Making profit from fluctuations
Over one year ago cryptocurrencies were skyrocketing and Bitcoin was worth almost $20.000. Since then the crypto market has been in decline. Good news is that even in these times you can make money on cryptocurrencies: by using arbitrage.
Arbitrage may be associated with lawyers, courts, and judges. In economics, it is a well-known practice of taking advantage of a price difference between two or more markets. It may seem like something complicated, but it’s not.
You just need to find opportunities between exchanges or within an exchange. The price of FuturoCoin varies depending on the trading platform.
FuturoCoin – the availability
FTO is available on several cryptocurrency exchanges, including CoinDeal, BitBay, SouthXchange, YoBit, and a few others. The availability on as many markets as possible is crucial for us, because of that we are getting more attention from the crypto industry.
So, you can purchase our coin in many places throughout the internet. If you already possess the cryptocurrency, you can make a profit from it.
For instance, at the moment of writing this article, the price of FTO at CoinDeal is at $3.30. On BitBay, for one FuturoCoin you will pay right now $3.40. So, you should purchase FTO on CoinDeal right now, and sell it on BitBay. You have to do it quickly because the price can change any minute.
Of course, there are many variables. You should take into consideration the amount of fees: transaction, transfer, network, wallet fees, etc. You will earn money only when the total cost of fees will be lower than the amount of profit made from the price difference.
If you purchase 10 FTO for $3.50 each and sell it for $3.55, you will probably lose money, instead of earning it.
FuturoCoin has a very low transaction fee. It goes to miners, who confirmed the deal. Nevertheless, different exchanges have different fees for transfers. You have to be very careful and count everything carefully if you want to make money from the arbitrage.
*Arbitrage – Commercial operation at which exploits the difference in prices of the same items on different stock markets due to the extraction of profit.