Best 10 Cryptocurrency Arbitrage Bots

A cryptocurrency arbitrage bot is a special software that allows you to resell coins at a better rate. Intra-exchange arbitrage takes place on one trading floor, while inter-exchange arbitrage takes place on different floors.

What Is arbitrage Trading Bot and How Does It Work? 

In a nutshell, cryptocurrency arbitrage is making money on the price difference of digital assets. For example, a Bitcoin (BTC) is worth $10,000 on Exchange 1. On another trading platform, the coin is trading at $10,300. Buying the cryptocurrency on the first exchange and selling it on the second, you can make a profit. This kind of earnings on bitcoin's price difference can easily be projected onto other coins as well.

In order to automate this process, there are cryptocurrency arbitrage bots that connect to exchanges and automatically perform routine transactions.

How to Choose the Cryptocurrency Arbitrage Bot - Tips and Basic Criteria

Now that we've explained what cryptocurrency arbitrage is and what it can be, we can move on to the criteria users need to pay attention to when choosing a cryptocurrency arbitrage bot. In addition, it would not be superfluous to describe several such programs that are popular among traders.

The Best Crypto Arbitrage Bots

When it comes to arbitrage trading cryptocurrencies, there is no one-size-fits-all solution. Different traders have different needs, and as such, there is a wide range of different crypto trading bots available. However, when it comes to arbitrage trading bots, there are a few that stand out from the crowd. In this article, we will take a look at some of the best arbitrage trading bots currently available. We will also provide an overview of what they offer and how they can help you to trade better. So, without further ado, let's get started.

Bitsgap

Features:

A cross-exchange platform that allows you to connect several popular cryptocurrency exchanges into one interface, including exchanges such as Binance, Bitfinex, Kraken, Bitstamp and others. The platform has been running since 2018 and has become a leader in arbitrage trading, as its bot is integrated with 25 leading exchanges and allows trading of more than 1,000 currency pairs.

The bot's charts are created with TradingView, which gives traders accurate information about the current state of the cryptocurrency market in real time at any given moment. To engage in arbitrage trading with Bitsgap, you need to deposit funds on your chosen exchange before adding it to your dashboard to track arbitrage opportunities and conduct appropriate automated transactions.

Cryptohopper

Features:

Cryptohopper is a semi-automatic trading bot that works according to predefined strategies while monitoring the market. It is able to automatically sell your crypto based on certain signals received as a result of monitoring.

The program is very easy to configure and offers its settings based on templates for new users who are just starting their acquaintance with the functions of this trading bot. The robot also offers advanced settings for more experienced traders who have already become familiar with the workings of automated scripts. It supports about 75 coins.

The robot was invented in 2017 in the Netherlands by two brothers who wanted to combine their individual experiences as web developers and traders to create a software that could perform automated cryptocurrency trading.

Their goal was to get a break from the trading routine and to make sure they don't miss out on the profits the market has to offer while they are away.

HaasOnline

Features:

The Haasbot trading bot is designed to help traders with no experience in trading cryptocurrency efficiently. The availability of several pricing plans allows you to evaluate the work of the robot on your own, investing a small amount of money. But the cost of the robot is higher than the average price on the market. Also, traders had difficulties with its setup. On haasonline.com new bot features are regularly added, but they are more relevant for experienced traders who are ready to invest heavily in cryptocurrency.

Margin.de

Features:

Margin.de is a developer of trading terminals, bots, and indicators for trading on cryptocurrency exchanges. The leonArdo bot is popular among traders, which carries out automatic trading in bitcoins. The main strategies are Margin Maker and Ping Pong. The bot is distinguished by the availability of interface visualization and the possibility of customization.

Kryll        

Features:

Kryll is a multifunctional trading platform that allows to create automated strategies without programming skills using a special editor. Back-testing, indicators (RSI, SMA, WMA, Bollinguer, MACD, etc), and communication in the community are available to clients.

Wunderbit Trading

Features:

WunderTrading (formerly Wunderbit) is a cryptocurrency trading platform where you can consolidate all your crypto exchanges, get a holistic view of all your exchange accounts and manage them with ease. The platform also has a feature set that includes a trading terminal, DCA bots, copy-trading and a spread trading terminal.

The bots offered by the platform can be used with Tradingview strategies and executed automatically. The interface is intuitive and has many useful features such as automatic take profit and stop loss.

ArbiSmart

Features:

ArbiSmart is an example of a venture that emerged from the trend of arbitrage trading in the stock market. It is an EU regulated automated arbitrage trading platform for cryptocurrency investments, which has caused a big stir in the market and among members of the cryptocurrency community.

Arbitrage trading is now coming to the cryptocurrency space as users have become more technologically savvy with cryptocurrency, trying to find new ways to profit from it. That's why we're learning more about ArbiSmart.

ArbiSmart meets all the necessary requirements. It is a reliable licensed platform that offers clients not only high quality personal support, but also high income, which is paid monthly and annually and can be withdrawn at any time from the account in euros, bitcoins or ETH. The platform is fully automated, which offers the possibility of a stable passive income with minimal risk and zero effort. The whole process of investing, from registration to withdrawal, is simple and straightforward.

Gimmer

Gimmer is an automated platform for trading cryptocurrencies. Gimmer does not require knowledge of programming languages or deep understanding of cryptocurrencies, has a clear interface and the ability to connect accounts from various exchanges. The platform allows you to set up a trading bot, which will manage your assets even when you are asleep. You can make your own trading strategy as well as buy someone else's.

Blackbird

Blackbird Bitcoin Arbitrage is a C++ written trading system that performs long/short Bitcoin arbitrage trades on multiple exchanges. Although the code requires some work, it is free to use. The Bitcoin robot Blackbird doesn't just sell your bitcoins - it opens short positions.

Pionex

Pionex provides many types of cryptocurrency trading bots consisting of Moon bots that reasonably recommend BTC/ETH Moon specifications based on the existing monetary value. Since the monetary value varies, the moon crawler profits from the network. Moon bots are very easy to set up and also do not require tracking. Other preferred bots consist of net bots that allow you to set maximum and reduced cost margins, and the scanner instantly trades as prices change. Pionex also provides rebalancing bots that ensure your profile remains diverse. These bots support your approach to financial investing in training courses, allowing you to effectively weather the tornado of crypto-catastrophe.

Advantages and disadvantages of using bots

Conclusion

The arbitrage process is not as simple as it may seem at first glance. In general, arbitrage can be an opportunity to gain some passive income, but at the same time it is associated with huge risks.

Arbitrage is actually a positive process, unlike speculation, margin trading and other activities which can be seen as market manipulation and in some cases can even be really harmful to the market as a whole.
Using the API will allow you to create an arbitrage bot, so you don't have to sit in front of your computer all day.

FAQ

Are crypto arbitrage bots profitable?

That said, there are a number of freely available crypto arbitrage bots that can be used to earn profits from price discrepancies in different markets. And while it's impossible to make any guarantees, these bots can be a great way to generate passive income from crypto investing.

How successful are trading bots?

Bots that trade cryptocurrencies have become quite popular in recent years, as they offer a convenient way to automate trades. There are a variety of different bots available, and their success rates can vary quite a bit. In general, however, most bots are designed to be profitable in the long run. cryptocurrency bots can be an extremely useful tool for anyone looking to trade cryptocurrencies successfully.

Which crypto trading bot is best?

Here are some factors to consider when choosing a bot:

-Your experience level: If you're a beginner, you'll want a bot that is easy to use and doesn't require too much setup.
-The types of coins you want to trade: Not all bots support every type of coin. Make sure the bot you choose supports the cryptocurrencies you're interested in trading.
-The features you need: Different bots offer different features, so make sure the bot has the features you need.

How do you make a cryptocurrency bot?

There are a few ways to make a cryptocurrency bot. One way is to use an existing chatbot platform that has been integrated with a cryptocurrency exchange, such as Coinbase. Another way is to use a programming language like Python to create your own bot. You can find detailed instructions on how to do this online. Finally, you can also use services like Binance Launchpad to create a token and then launch it as a tradable cryptocurrency.