{"id":493457,"date":"2021-05-26T07:01:02","date_gmt":"2021-05-26T05:01:02","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=493457"},"modified":"2021-05-26T07:01:02","modified_gmt":"2021-05-26T05:01:02","slug":"south-africas-best-kept-arbitrage-secret","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/493457\/south-africas-best-kept-arbitrage-secret\/","title":{"rendered":"South Africa\u2019s best-kept arbitrage secret"},"content":{"rendered":"<p>Arbitrage has been a part of investment strategies for years, but cryptocurrency is taking this to the next level.<\/p>\n<p>South African investors are now making millions of rand from cryptocurrency arbitrage through OVEX, and the trend shows no signs of slowing down.<\/p>\n<ul>\n<li><a href=\"https:\/\/arbitrage.ovex.io\/welcome\/1?utm_campaign=Business%20Tech%20Articles%20Lander%20A&amp;utm_source=BusinessTech&amp;utm_medium=BusinessTech%20-%20South%20Africa%E2%80%99s%20best-kept%20arbitrage%20secret&amp;utm_term=Top%20Link&amp;utm_content=South%20Africa%E2%80%99s%20best-kept%20arbitrage%20secret\" target=\"_blank\" rel=\"noopener\"><strong>Click here to learn more about Bitcoin arbitrage from OVEX.<\/strong><\/a><\/li>\n<\/ul>\n<p>According to OVEX founder Jon Ovadia, arbitrage is a much simpler concept than many may think.<\/p>\n<p>\u201cIf you bought oranges in Polokwane for R100 and sold them in Joburg for R120, that is a simple form of arbitrage,\u201d explains Ovadia.<\/p>\n<p>\u201cThe reality is that arbitrage has been going on for centuries.\u201d<\/p>\n<p>Cryptocurrency arbitrage involves the purchasing of a coin \u2013 such as Bitcoin \u2013 on a market, and selling it on an exchange where it costs more \u2013 thereby exploiting the different pricing in these markets.<\/p>\n<p>These differences appear because countries with exchange controls \u2013 like South Africa \u2013 end up paying more to acquire cryptocurrencies than those countries which do not.<\/p>\n<p>OVEX enables you to make money by helping you purchase cryptocurrency on global markets, and then sell it on South African exchanges to make a quick profit.<\/p>\n<p>Key to the success of <a href=\"https:\/\/arbitrage.ovex.io\/welcome\/a?utm_campaign=Business%20Tech%20Articles%20Lander%20A&amp;utm_source=BusinessTech&amp;utm_medium=BusinessTech%20-%20South%20Africa%E2%80%99s%20best-kept%20arbitrage%20secret&amp;utm_term=Top%20Link&amp;utm_content=South%20Africa%E2%80%99s%20best-kept%20arbitrage%20secret\" target=\"_blank\" rel=\"noopener\"><strong>OVEX\u2019s arbitrage<\/strong> <\/a>product is the fact that it can offer its customers instant trading.<\/p>\n<p>This means you don\u2019t have to worry about the price of the cryptocurrency changing between the purchase internationally and the sale locally.<\/p>\n<p>These changes would ordinarily introduce risk as a reduction in the value of the cryptocurrency would result in a lower resale price \u2013 thereby reducing your profits.<\/p>\n<p>As OVEX offers instant trading, the prices you see are the prices you get.<\/p>\n<p>OVEX also offers incredibly low fees \u2013 up to just 1% &#8211; which means you don\u2019t have to worry about other expenses eating away at your arbitrage profits.<\/p>\n<p><a href=\"https:\/\/arbitrage.ovex.io\/welcome\/a?utm_campaign=Business%20Tech%20Articles%20Lander%20A&amp;utm_source=BusinessTech&amp;utm_medium=BusinessTech%20-%20South%20Africa%E2%80%99s%20best-kept%20arbitrage%20secret&amp;utm_term=Top%20Link&amp;utm_content=South%20Africa%E2%80%99s%20best-kept%20arbitrage%20secret\" target=\"_blank\" rel=\"noopener\"><strong>Click here to learn more about Bitcoin arbitrage from OVEX.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South African investors are making millions of rand from cryptocurrency arbitrage through OVEX.<\/p>\n","protected":false},"author":57,"featured_media":493463,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[15929],"class_list":["post-493457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-ovex"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/493457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=493457"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/493457\/revisions"}],"predecessor-version":[{"id":493459,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/493457\/revisions\/493459"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/493463"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=493457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=493457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=493457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}