Binance intra-exchange bundle 2-4% spread
Bundle description
In this bundle we make money on converting coins within the network. The main asset we work with is BTS.
https://coinmarketcap.com/ru/currencies/bitshares/
The peculiarity of BTS lies in its transfer system, the coin has its own BitShares network within which they found a loophole that if you send to your spot wallet through the network of the coin specifying your own MEMO. The exchange sends the token to the network, in the network because of the same MEMO of sending and the recipient there is a failure and tokens are returned to your spot wallet with recalculation at the average exchange rate (because of the different liquidity on exchanges token price is different, but the difference is not global 2-4%), but the average exchange price is higher than at Binance, so the wallet returns more BTS.
Within the main BitShares network the commission for converting coins between subnets is always 1 BTS (≈0.009$). Performing intra-exchange transfers we can catch the spread on the difference of BTS coin rates.
For starters, USDT must lie on a Binance spot wallet.
1. Go to the markets section. Open the trading pair BTS/USDT and buy on the market
2. Go to the wallet and click on BTS.
Press "Enter" and to find out your data for the deposit
Copy BTS Memo
4. Transfer BTS to your own account indicating in the address section (wallet-my-spot) and in the MEMO section ( your MEMO code ).
❗️ You can not lose money because you write your own MEMO, do not ever enter someone else's MEMO, so you risk losing your money! Scammers often say that you need to enter the MEMO of the exchanger. Do not trust!
8. Wait for the completion of the conversion process between networks (≈5-10 min), coins are credited to the balance with a spread of 2-4%
The circle is complete. After that you can re-transfer tokens to yourself, increasing your deposit, you can test this strategy starting from 100$
❌ At night or early in the morning there may be delays with transaction return up to one hour, don't worry!