“no crypto because it’s only/mostly used for fraud” clearly means something very different to ‘crypto activity is high risk’.
The latter is perfectly sensible, it’s harder for banks to trace crypto, so it’s a higher level of risk for them.
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That’s a good sign tbf. I’m sure someone from Monzo once said that there’s no problem with crypto per se but that a lot of transactions could could lead Monzo to believe the customer was running a business and would therefore require a business account - but without checking I’d guess that trading of this nature wouldn’t qualify for a business account.
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What does the professional say, rather than the random strangers on the internet?
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Arbitrage trading is not new( forex/crypto trading plans are abundant but also many are fraudulent schemes) so any competent accountant worth their salt should be capable of prescribing advice that doesn’t require the input of mere strangers. A competent accountant would be aware of problems that can arise in using personal accounts to engage in this practice across currency markets: and the risks to those less familiar with these trading practices. It’s perfectly reasonable to assume one can exploit volatility in markets and derive from it small profit but I’d be wary of any stranger selling tales of quick and easy money to a group of strangers on the advice of an accountant…
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In some ways I agree, too good to be true is common of most things that are relatively high yield. In this case it’s simply a quirk of the trade I’m engaged in.
It’s probably low to mid risk, it’s a complicated one and right now there are about 8 other crypto wallets actively trading this way, so still under the radar.
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I wasn’t actually trying to get anyone else to do this trade, sharing the details would ruin my edge 
I was more as @dinosm suggested, has anyone in the community had a similar experience.
When the opportunity eventually dies, they all d, o I’ll link you to a write up to explain it. It’s an interesting nerdy one 
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more red flags than a communist parade
This made me laugh quite hard.
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I’d be interested. Probably the one good thing about Crypto is it has allowed some people to make money through arbitrage and day trading, something normally reserved for Those In Charge.
Funny no one thinks it’s believable to make money like this. Go to the City and you’ll see trillions being made in similar schemes.
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