Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?
Blue
Red
Green
Orange
Voilet
Slate
Dark
  Guest viewing is limited

❕NEWS Can you make profit with crypto SWAP

shemdoe

Newbie Member
LV
0
 
Joined
Oct 20, 2020
Messages
28
Reaction score
1
Points
10
BMF Points
$1,081
Rating - 0%
0   0   0
Hello!
I have a wallet at REMITANO with multiple cryptocurrencies and they are offering SWAP service where user can SWAP his/her cryptos from one crypto to another at the fee of 0.25%.

My question here arises, can someone really makes profit using this service eg. By holding USDT and buying BTC at lower price, and when price of BTC rises you SWAP it to USDT (or any other stable and valuable crypto at that time) and when price of BTC drop, again you buy them and then waiting for it to rise again and then SWAP it to USDT. Does this really possible way of making money using cryptocurrencies?
 
Ofcourse.. that's basically what tradees do.. buy low and sell high just make sure to consider fees first before you sell makes sure profit is enough topay for it and have more for yourself
 
Hello!
I have a wallet at REMITANO with multiple cryptocurrencies and they are offering SWAP service where user can SWAP his/her cryptos from one crypto to another at the fee of 0.25%.

My question here arises, can someone really makes profit using this service eg. By holding USDT and buying BTC at lower price, and when price of BTC rises you SWAP it to USDT (or any other stable and valuable crypto at that time) and when price of BTC drop, again you buy them and then waiting for it to rise again and then SWAP it to USDT. Does this really possible way of making money using cryptocurrencies?
of course. It's like real crypto trading. But there is a problem with them. The fees. Those swaps require more fees than trading exchanges. You should try trading exchanges like Binance or kucoin.
 
Such swaps could have been profitable if only they are done with out charge just as it is with Binance swap. The charge reduces the profit and thus makes it difficult for one to make much profit from it
 
I don't think its really profitable because the charges would be too much for you i think , so i would just prefer to do the normal trading i think
 
I don't think its really profitable because the charges would be too much for you i think , so i would just prefer to do the normal trading i think
Normal trading can you emphasis more . How can you then buy or get a coin you don't have before , without using swap , especially where buying with credit card is not available .
 
Normal trading can you emphasis more . How can you then buy or get a coin you don't have before , without using swap , especially where buying with credit card is not available .
I think he could just do the normal trading like using usdt with other pairs to trade and earn more cash for himself , that is the preffered method i mean
 
I think he could just do the normal trading like using usdt with other pairs to trade and earn more cash for himself , that is the preffered method i mean
Ok. I think it is quite safer then because usdt is not volatile and using it will surely be an added advantage to the person ,because he can capitalize with fall in market .
 
Ok. I think it is quite safer then because usdt is not volatile and using it will surely be an added advantage to the person ,because he can capitalize with fall in market .
Yeah when the price of the coin is falling he or she could actually quickly convert to usdt and actually hold the coin there i think
 
Yeah when the price of the coin is falling he or she could actually quickly convert to usdt and actually hold the coin there i think
Yeah . That's has been the strategy of many cryptocurrency investors and traders especially shirt term traders. It helps then to minimize loss
 
Yeah . That's has been the strategy of many cryptocurrency investors and traders especially shirt term traders. It helps then to minimize loss
Even long term teader use that mode too , i think everything is more about strategy , just have the right strategy i think , it would be better
 
Its the easiest easiest ways of making some bucks provided you are a fun of digital assets like crypto and you know how to play your cards or you are having quality information. Best is trade with high value coins with those you ate anticipating will go up but still st low value. It's also important you have a reasonable amount of at least $300 and above worth of crypto so that out of your profit you are able to cover the fees from you profit.
 
Well it's a good idea to have this kind of offer from a wallet but it's not advisable to rely on this and be constantly using it. Crypto traders have a certain way they swap coins without charge. I think you should figure out that is being done
I think you actually need some fees to swap crypto coin i think , it might be low compared to what the poster is saying , but am sure you would need to pay for fee i think
 
I don't think you will make money out of because what swap really mean you exchange your crypto to another one without selling it, you trade with the one you have swap.
 
I don't think you will make money out of because what swap really mean you exchange your crypto to another one without selling it, you trade with the one you have swap.
Well people do earn with the swapping of those coins but the problem is the fee involved because it discourages the process of swapping
 
I think this is what teaders do. They buy crypto at a small price then sell it or exchange with a stable coin when the price goes high. You just need to make sure that you invest a good amount that will give you a good profit that can cover the exchange fees.
 
Before any transaction, you have to be conscious of the transaction fees as if they end up being too high they might take up your profits, as long as profits is being made, trade on
 

📢 Recommended Partners

MGID - Native Performance & Programmatic Advertising Platform MGID Team
0.00 star(s) 0 ratings
Updated
Roobet.com | Crypto’s Fastest Growing Casino 🦘 Roobet.com
0.00 star(s) 0 ratings
Updated
Duckdice.io - Top Crypto Gambling - Bitcoin Dice DuckDice.io
0.00 star(s) 0 ratings
Updated
BMFAds.com - Advertise and Monetize Your CPC, CPM, POP Traffic BMF Staff
4.00 star(s) 4 ratings
Updated

banner

REWARDS: Active Raffles


  • 🤑 Roll 3: Win 100,000 BMF Points!

    The entry period for this raffle ends in..
Back
Top Bottom

Earnings Disclaimer:  All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.