Cryptocurrency-arbitrage is making its way into the mainstream and affords South African investors a unique opportunity to accumulate quick profits from cryptocurrencies with low-risk returns. That said, while there are several operators out there, the selection of your service provider should be a thorough one for obvious reasons.
Ask yourself; do these guys have a long track record in crypto-arbitrage, do they have any asset management background, are they regulated in any way and is it legitimized with a legal opinion and consideration of the Currency and Exchanges Act?
South African citizens are entitled to a R11m offshore allowance, allowed to spend a R1m travel allowance every calendar and send R10m offshore for investing each year with a tax clearance certificate. Very few use their full allowance because let’s face it, who has R10m lying around each year? The truth of the matter is, you are missing out on an earnings potential for not trading R10m each year and here’s how.
CURRENCY HUB is a specialist in crypto-arbitrage, with over 2000 trades spanning more than 3 years with ZERO losses. The founders have deep experience in asset management and have a sophisticated active-trading solution that generates ultra-low risk returns, with ZERO exposure to Bitcoin. The regulator and FOREX counterparties who serve as their Authorised Dealers are familiar with the process, which is supported with a legal opinion.
Through various institutional relationships spanning cryptocurrency exchanges, FOREX intermediaries and over the counter (OTC) desks, CURRENCY HUB delivers low transactional fees, premium 24/7 support, deep cryptocurrency liquidity and best price execution. It works like this …
Read on, or watch this video: https://youtu.be/jl9bUvfAOl8
Having completed their FICA, proof and source of funds and been issued a tax clearance certificate from SARS, the investor will deposit R250,000 into a foreign exchange bank account (opened in the individuals’ name) with one of our Authorised Dealers. This is the only amount required for the full trading cycle.
CURRENCY HUB then trades up to 44 tranches with the R250,000 trading capital over 2 months to get to the maximum offshore allowance of R11m. This aims to deliver a variable return determined by the premium and exchange rate which is currently around 3% (premium dependent). After each of the 44 trades, the profits are realised in ZAR, secure in the investors’ foreign exchange bank account and upon completing the trading cycle, the R250,000 trading capital is returned immediately. Done!
All the while the investor has access to a live spreadsheet to watch the trade and returns for themselves, with their profits securely stored with the Authorised Dealer. At the very end of the cycle, the clients are issued a detailed statement clearly showing the premium achieved on their behalf and foreign exchange rates for all 44 trades and their overall profit. This is then shared with their tax practitioners as a clean investment statement.
There are certain criteria that a South African citizen would need to fulfil in order to register with CURRENCY HUB to facilitate the cryptocurrency-arbitrage on their behalf, noting we treat each client as a qualified investor who would need a minimum of R250,000 capital.
Disclaimer: This article does not constitute financial advice. While the author and his firms are regulated by the FSCA, cryptocurrencies are not a regulated investment. Please refer to CURRENCY HUB https://currencyhub.co.za/ a juristic representative of BLACK ONYX (FSP 47701) https://blackonyx.co.za/ for more information.