1. Start by researching the major exchanges and coins that are available to trade. Identify those with the greatest potential for earning profits from arbitrage.
2. Next, decide which pairs of coins you will use for arbitrage trading. Make sure to evaluate the spreads between prices on different exchanges and any fees associated with trading.
3. Once you have identified a pair of coins with a wide spread, set up an account on each exchange and deposit the necessary funds.
4. Now it is time to start trading! Place limit orders on the two exchanges that allow you to buy the coin with the lower price on one exchange and sell it on the other exchange for a profit.
5. Monitor your trades closely, as prices can change quickly in the crypto market. If the spread narrows, you may need to adjust your orders or exit the position to limit losses.
6. Withdraw your profits when you complete a successful arbitrage trade. Remember to factor in any trading fees before carrying out the withdrawal.