COTPS Update Below April 27, 2019 — This project is officially gone as of today. After a week of being unable to withdraw our cash owing to an apparent flaw in the SMS verification mechanism, the site has been shut down, and investors may no longer access their accounts. I’m merely keeping this post up to inform everyone.
Simply go to COTPS, establish an account using your phone number and a password, and then follow the steps in my article to get started.
In this post, I’ll walk you through the process of making your first transactions.
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So Go Ahead! Create an Arbitrageur For Me
So you’ve joined cotps sms update, deposited your first USDT/TRX, and are now looking to profit.
This is what your screen should look like. If not, click the ‘Mine’ symbol in the lower right corner of the screen. Click the ‘Transaction Hall’ button to begin trading.
It will display your current wallet balance as well as information about recent transactions if any have occurred.
Your First Transaction
COTPS will locate your first trading opportunity when you click on the ‘Immediate Competition for Orders’ column.
You’ll note that the information provided is somewhat limited. If you are familiar with flags, you may be able to identify the location where the transaction is taking place. In this situation, the country is Laos.
Your trade might be anywhere in the globe, but I’ve seen that many of them are in Asia, and I believe the project is headquartered there as well, despite having a US corporate address.
The ‘Certified service provider’ is presumably the person, machine, or business on the other end of the transaction, purchasing or selling whatever we’re dealing with.
You’ll also note that the currency being exchanged isn’t identified, yet COTPS is utilizing little under half of my wallet amount. You’ll understand why soon.
You can cancel and look for another trade at this point, but because you have no way of knowing whether you might receive a better bargain, you may as well trust the process.
When you click ‘Sell,’ you’ll get the confirmation box seen above on the right. The profit amount is in USDT, therefore I’m earning roughly 39 cents in this example. Yes, it’s a little profit, but the number of transactions is what counts in arbitrage trading, not the profit per trade.
When you click ‘Confirm,’ you will be returned to the Transaction Hall view.
My total assets are still 273, but 131 of them are ‘In the transaction,’ leaving 142.251 USDT as my usable amount.
COTPS Finds The Next Deal By Clicking The ‘Immediate Competition for Trades’ Tab Again
It’s stolen 85 USD from my available money this time, and the flag is Egyptian. Click ‘Sell’ and then ‘Confirm,’ and you can see that my available balance has dropped to 57.251 USDT, with 216 USDT now being exchanged.
Repeat the procedure a few more times, and your available balance will decrease each time until it is less than 5 USDT. If you click the bar one more time, COTPS will notify you that your balance is insufficient.
That Concludes Your First Cycle. You Must Now Wait, and You Have Two Options:
Continue to monitor your screen until one of the transactions completes, releasing part of your balance and allowing you to. Begin a new deal.
You may also walk away for a little over two hours. When you return, all of the deals will be finalized. You’ll get your initial amount back plus any profits from your transactions, and you may start again.
I’m not sure why it usually takes a little more than two hours, but it does. In truth, it was between 120 and 130 minutes. Each and every time.
Repeat that cycle every few hours, and you’ll finish up with a profit of 1 to 2% a day after 20 to 30 trades.
That is The Manual Procedure
You will need two things to automate COTPS so that you may trade 24/7 without having to keep clicking It. A machine that does not sleep and an automation script.
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