Make Upto ₦20,000 Daily With Crypto Arbitrage Using TransferWise and Binance [Step by Step Guide]

Basically, you will need to have a Transferwise and Binance account

You will have to fund your Transferwise account for this to work. 

And as you already know, Nigerian cards no longer work on TransferWise site. So what you can do is find someone who has a Transferwise account to fund you at a cheaper rate than black market.

So after receiving funds in your TransferWise account, you can then go on binance to purchase crypto (either BTC or USDT), and then resell immediately and make some quick guaranteed arbitrage profit.

Note, the crypto you are buying will be from someone who accepts TransferWise as payment method.

After having funded your Wise account (with at least $22), then you can proceed to Binance. I assume you already have account on binance.

Follow the steps below.

Step 1: 

On Binance, switch your currency to USD.

Step 2:

Make sure you're on Buy USDT, since it's usdt we want to purchase for the arbitrage.

Step 3:

Click on Payment method, and then select Wise from the options, and click confirm.

Step 4:

Click on amount, then enter the amount or range you want to buy and then confirm.

Step 5:

Click on filter. This is to filter out the sellers who are merchants. We want to only buy from non merchants as their price is usually cheaper.

Step 6:

After clicking filter from previous step, scroll down to where you can deselect merchant. See the red circle area. Click on confirm when done.

Step 7:

List of sellers who are non merchants will display. Select the one with the ratings that meet your criteria. Look out for those with higher number of trades and higher percentage transaction rates. For this tutorial, I'm selecting the highlighted.

Step 8:

Enter the dollar amount worth of usdt you want buy. In this example $22, which will be able to get me 21.70usdt

Proceed to click the Buy button. Make sure to read and understand the seller's terms of payment. Usually you will be required to pay using his/her email since it's going to be Wise to Wise transfer.

After successfully transferring payment for the usdt you just bought, the seller will release your crypto after confirming payment.

Then from here, you proceed to the arbitrage proper. 

Follow the next steps

Step 1:

Switch back currency to naira

Step 2:

Make sure you are on Sell USDT.

Step 3:

Filter off the merchants, as they are know to offer lower prices when buying from sellers. Especially sellers with very little crypto for sale.

Step 4:

Deselect ads from merchant

Step 5:

For this tutorial we will go with this buyer. So click on sell.

Recall that we paid $22 via Wise, to receive 21.70usdt.

So now if we sell the entire 21.70 usdt, we will receive ₦17743.

Now depending on how much it cost you to fund your Wise account, will determine the extent of arbitrage profit you will make. If you're able to get your Wise account funded at any of the following rates; ₦690, ₦700, ₦710, ₦715, you will be able to make a minimum of ₦2000 as profit at the end of the whole trade. And you can do this as many times as you like. Provided you have a steady source of funding your Wise account at cheaper rate.

I do offer Wise account funding should you want to fund your account. 

And these are my current rates

$10 - $50 = ₦680/$1

$51 and above = ₦650/$1

Before you can send or receive funds via Wise to Wise transfer for free, you need to enable your email to receive payments. Simply go to your account section then enable email and/or phone

Other ways to fund your Wise account include using International credit/debit cards (eg, Payoneer card, foreign bank cards, etc) or if you have a friend or someone abroad who can fund it for you.

That's it for TransferWise and Binance Arbitrage Strategy.

If you need to contact me I'm available

Email: thegoodboy4life@gmail.com

Telegram: @official_cryptoconomy

YouTube: Cryptoconomy