There has never been a better time to invest with OVEX in cryptocurrency arbitrage, as it is trading at its highest premium of 2021.
OVEX is popular among South Africans due to its low fees, tight spreads, and swift settlements – and makes it easy to profit from cryptocurrency arbitrage.
Highest premiums of the year
South African investors can currently make up to 4% profit through OVEX cryptocurrency arbitrage, with the service currently trading at its highest levels of 2021.
In rand terms, this means you can make up to R400,000 per year in risk-free income by using your annual Single Discretionary Allowance of R1 million and your Foreign Investment Allowance of up to R10 million.
As you can see in the image below taken from the OVEX website – If you were to invest R100 000 you could potentially earn R36 636 using your just your SDA.
Screenshot was taken at 3pm Tuesday, 13 September 2021.
What is arbitrage?
OVEX cryptocurrency arbitrage takes advantage of the fact that cryptocurrencies are cheaper to buy in certain foreign markets than in South African markets, due to local exchange controls.
This allows OVEX users to purchase cryptocurrencies from exchanges in countries such as the US, and immediately sell them at a higher rand price in South Africa.
The result is guaranteed profits.
Furthermore, a big advantage of OVEX arbitrage is that it offers instant trading – which allows you to trade without any risk compared to mid-to-long-term investments.
Instant trading means there are no changes to the price premium you are quoted, which guarantees that irregular market movements will not affect your trades.
The diagram below is an outline of how the Arbitrage process works.
Invest with OVEX
OVEX is the best platform to start your cryptocurrency trading journey on.
It offers safe and easy trading, and guarantees no trading losses so you can start making money immediately.