Making Money with tip.cc Swap Bots 1 - Lowballing
How do I Make Money by Buying and Selling Crypto on tip.cc?
Welcome to the first part of a series about making money on tip.cc from Swap Bots. Cryptocurrency trading has become a popular way to make money online in recent years. With the rise of social crypto tipping platforms like tip.cc, it has become easier than ever to tip, earn, and even trade cryptocurrencies on chat-apps like Discord. In this article, we will explore a strategy for making money by buying crypto from people on tip.cc and reselling it to tip.cc swap bots for a profit.
Understanding tip.cc
tip.cc is a cryptocurrency tip bot that allows users to send and receive a variety of assets from within Discord. It lets users deposit and withdraw over 500 types of crypto, and offers instant and free transactions. While there is an active community of people who are constantly manually performing user-to-user trades amongst themselves, tip.cc also integrates with third party services known as "Swap Bots". "Swap Bots" are automated tools that allow users to make trades instantly, automatically, and without the need for a second user.
Making Lowball Offers
This strategy for making money on tip.cc involves making lowball offers for cryptocurrency from other users. A lowball offer is an offer to buy an asset at a price that is significantly lower than its displayed market value. By making lowball offers, you can acquire cryptocurrency at a discount, and then immediately sell it to a tip.cc swap bot for a higher price.
How to Find Potential Lowball Offers
To find lowball offers on tip.cc, you need to search for users who are looking to sell their cryptocurrency quickly. You can do this by looking for users who are selling altcoins, which typically go for lower rates. You can also look for users who are trying to dump coins after they have pumped - they will likely eat the cost of the rate you charge if it pumped high enough. Lastly, if someone is trying to get rid of something quickly and doesn't want to wait around, chances are they will take your lowball offer.
Note: Ensure the currency you are thinking about buying is listed on a Swap Bot that has liquidity. Once you've made sure, you can figure out the bots rates and base your offer off that. Helpfully, some Swap Bots include a swap preview/calculator command, that lets you see what a swap would look like before doing it or even having the coins.
Using tip.cc Swap Bots
Out of the many available Swap Bots, all of them work in the same basic way: you tip it the coins you want to sell, and select the coin you want to receive. The most common way to select a coin is by specifying it in the tip, like so: "$tip @SwapBot $1 btc w BNB" - in that case, you would be sending BTC to buy BNB. Some Swap Bots include a whole menu for you to select the output coin from. I suggest SwapServices to beginners and advanced users alike, due to it's ease of use and simple interface + advanced features.
Reselling to tip.cc Swap Bots
Once you have acquired discounted cryptocurrency from a user on tip.cc, you can try to immediately sell it to a tip.cc swap bot for a higher price. People tend to give maincoins better rates, so try to swap it into something like BTC, MATIC, BUSD, BNB, XLM, or others. Here's a step-by-step example:
- Someone has $3.86 OKCash, which they want to sell immediately. They don't know that SwapServices can take their OKCash at a rate of 0.8 and immediately give $3.09 BNB.
- You offer them $2.5 BNB in exchange for their $3.86 of OKCash.
- They accept the offer, now sell the OKCash to SwapServices to get $3.09 BNB.
- You started with $2.5 BNB and ended with $3.09 BNB. You've made a $0.59 profit.
Now hopefully you see how it is possible to make money with obscure trading techniques. You could replace OKCash and BNB with any two currencies, should still work assuming you can lowball below the rate the bot accepts.
Advantages of Using tip.cc for Crypto Trading
There are several advantages to using tip.cc for cryptocurrency trading:
- Instant and free transactions: You can store & transfer assets on tip.cc without paying any fees. All withdrawal and deposit fees go to the networks of the respective coins.
- Untapped market: There is a lot of opportunity to generate revenue by trading with people on tip.cc, lowballing is just one. In an ever-growing unique landscape of finance there's always new ways to make money.
- Automated Swap Bots: Swap Bots provide liquidity and make it easier to buy and sell cryptocurrency right within Discord quickly and conveniently..
- User-friendly interface: tip.cc has an easy-to-understand interface that makes it simple for users to transfer, hold, and even trade cryptocurrency, right from within Discord.
Conclusion
Reselling crypto for people to tip.cc swap bots is a new and untapped strategy for making money in the vast cryptocurrency market. By making lowball offers and taking advantage of the instant and free transactions offered by tip.cc, you can acquire cryptocurrency at a discount and sell it for a profit. With its vast growing userbase, multitude of Swap Bots, and user-friendly interface, tip.cc is the ideal platform for this new type of strategy.
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