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FACILITATOR: T CONCEPT
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Arbitrage is the practice of taking advantage of a difference in prices in two or more markets;
striking a combination of matching deals to capitalize on the difference, the profit being the
difference between the market prices at which the unit is traded.
In a lay man language, arbitrage is when you buy at a lower price from an exchange/market and sell
at a price higher than your buying price in another exchange/market!.
We all know that USD at bank rate is different from USD at black market/crypto rate (USDT).
Some banks sell @ rate of 420/$, some 450/$. But you can't buy directly from the bank as you do
not have the license to buy it. So those who have the license buy from the Bank (CBN) at such rates
and sell to you at higher rates (570/$). They are the Bureau De Change (BDC) people you see
around.
Since we do not have the license to purchase USD from CBN, we will use our ATM Cards to
perform the practice here but at a higher rate of 490/$ to $517/$ depending on the Bank ATM cards.
Banks and their International Transaction Limits (ITL)
Each ATM card has its own limit for international transaction per month!
Let's say we fund our Zenith mastercard with #57,000 and buy $117 at rate of #517/$,
the $117 = 108 to 110usdt
Then we sell the USDT out at crypto rate at 570/$ to make about 6k+ gain on that particular Zenith
card..
The more your ATM cards, the more the money you will make..
For ACCESS BANK, you make 23k+ on each transaction and you can have up to 2 ATM Cards
personally on ACCESS BANK alone
I have 10 ACCESS BANK ATM Cards..
Primary platforms
- Binance
- Paybis
- Cex
- Neteller and/or Skrill (They work the same way)
Secondary platforms
- TransferWise
- USA PayPal
Account creation:
1. Binance, visit binance.com to get started if you do not have an account with them
If you take this serious, it will give you some reasonable capital to pursue whatever you want to
pursue.
I make nothing less than 350k monthly because I am busy with other things...
For Binance/Cex/Paybis, you need your National ID card , Driver's license, Voters Card or
International Passport
For neteller, you need your International passport and Bank statement that has the home address
you used in registering your Neteller.
For neteller, if you do not have an international passport, you can use someone else's international
passport, but you must use the person's name to open the account from the beginning. The person
will also go and get his/her bank statement that has the home address on it.
Note: Not all bank has the home address on their statement. So ask from the cc if it has an address
before they print it out for you.
You should use your phone number and email to register it so you can always have access to the
OTP when they send it to you while you are making use of it.
We are rounding up already!..
Against next class, make sure you sign up on those platforms above and get it verified.
Open the bank accounts , open account for your siblings and friends, you can use popc and mumc
ATM cards too if possible..
Some of us do not have any means of Identification...
What to do: If you have NIN, check YouTube on how to retrieve your NIMC ID Card.
Otherwise, we can help you get the Card done and delivered to you. Message the admin that
referred you to this platform.
For those without NIN at all, you have to register for NIN. It will take a while before you get your
NIN linked to NIBSS.
Otherwise, you can use another person's means of Identification but the person should related to
you.
In summary, get your cards ready and those accounts verified.
Access MasterCard...
- you can open two access account: Premier Savings and DiamondXtra.. if you are a student, open
Solo account to make it the 3rd one.. but make sure you open the Solo account first before the other
2
- Zenith MasterCard
- FCMB Mastercard
- Polaris Visa card
- Standard Chartered visa card
- UBA mastercard
- UBA prepaid visa
- Stanbic mastercard
Account creation:
1. Binance, visit binance.com to get started if you do not have an account with them