Fiat crypto arbitrage is a low-risk method of making profits by taking advantage of price differences between exchange rates and P2P market prices. Here's how to do it:
The image is a screenshot of x360 arbitrage app.
How to get started
First, find a fiat that has price difference when compared to another fiat on binance P2P use the X360 arbitrage calculator to find such currency. Link to the app 🔗https://bit.ly/X360_bot
Use the X360 arbitrage calculator to find price difference between different currency exchange and binance P2P.
Example, in this example, I want to use USD and EUR.
Fiat Crypto Arbitrage Guide: How to Profit from Exchange Rate Differences
Fiat crypto arbitrage is a method of profiting from price differences between currency exchange rates and peer-to-peer (P2P) crypto markets. Here’s a simple step-by-step guide to executing a successful arbitrage trade:
Step 1: Convert Fiat at the Exchange Rate
Start by converting your fiat currency at a bank or online exchange. For example, convert 1,000 USD to EUR, which gives you 954.84 EUR at the exchange rate. Use a reliable payment exchanger, like your local bank app.
Step 2: Buy USDT on Binance Spot
Use your 954.84 EUR to purchase USDT on Binance’s spot market. This stablecoin will serve as your bridge to the P2P market.
Step 3: Sell USDT on Binance P2P
Sell your USDT in the Binance P2P market, where prices are usually higher than the exchange rate. In this case, selling it yields 1,046.70 EUR.
Note there are many other currency you can always use, but one keynote is that you must always convert it to usdt before moving to P2P. Also this work with other P2P on only binance.
Step 4: Deduct Transaction Fees
A small transaction fee applies, in this case, 5.23 EUR.
Step 5: Calculate Profit
After deducting fees, you’re left with a net profit of 86.63 EUR (approximately 90.72 USD).
Key Takeaways for Success
✔ Look for significant price differences between exchange rates and P2P markets.
✔ Use platforms with low transaction fees.
