Arbitrage with Credit Card in Venezuela: Buy USDT at the banks’ “fildeo” rate and pocket the margin 📈
Look, with the credit limit increases that banks keep releasing, you can squeeze a fine margin out of the credit if you know how to play with the rates.
The move is simple: you use the card’s limit to buy USDT at the official BCV rate, and then you sell it on Binance P2P at the market rate.
That spread between the bank rate and the P2P rate leaves you a net profit of 8% to 11% without putting any of your own money in.
Be careful with this:
Pay it before the statement closing date so they don’t charge you interest.
Watch your bank’s fees when you use the card.
Test first with a small amount.
Have you already tried doing that round, or do they not go for the credit? I’m reading your comments below.
That’s what I usually do and then I spend. A bit stressful, but it works. #Venezue #bdv 👇$USDT
Look, with the credit limit increases that banks keep releasing, you can squeeze a fine margin out of the credit if you know how to play with the rates.
The move is simple: you use the card’s limit to buy USDT at the official BCV rate, and then you sell it on Binance P2P at the market rate.
That spread between the bank rate and the P2P rate leaves you a net profit of 8% to 11% without putting any of your own money in.
Be careful with this:
Pay it before the statement closing date so they don’t charge you interest.
Watch your bank’s fees when you use the card.
Test first with a small amount.
Have you already tried doing that round, or do they not go for the credit? I’m reading your comments below.
That’s what I usually do and then I spend. A bit stressful, but it works. #Venezue #bdv 👇$USDT