Best crypto arbitrage bot

Thousands of individuals are profiting from blockchain. Bitcoin acknowledges that a minimum of 250,000 transactions happen every day. However, due to the market’s tremendous volatility, crypto trading is a very dangerous undertaking. A cryptocurrency arbitrage bot can assist by automating the process and lowering risk.

Buying bitcoins on one platform and selling them on another to earn is known as cryptocurrency arbitrage. The arbitrage strategy’s main goal is to make money by leveraging the variations in cryptocurrency value between exchange platforms.

Compared to other strategies that require technical analysis, it is a straightforward approach to trading cryptocurrency. Furthermore, because of its volatility, it is one of the best trading techniques for cryptocurrency markets. To try crypto arbitrage trading, you should look into the finest crypto arbitrage robots available.

What are crypto arbitrage bots?

Arbitrage bots are software that compares prices across crypto marketplaces and executes trades to capitalize on price differences. Because the price of a crypto like Bitcoin varies somewhat from platform to platform, bots that can move quickly enough can outperform exchanges that are slow to update their values.

Other bots utilize previous price data to test trading techniques, perhaps giving investors an advantage. Other bots, on the other hand, are designed to make trades based on certain indications, such as prices or trading volume.

How bots function

Investors may use free bot tools to assist them with their bitcoin trading. On the other hand, many bots have user charges, some of which might be extremely high. Typically, investors find the bot or bots most valuable and obtain the code from a developer. Each bot has its own set of hardware and software needs.

Bots can be quite useful, but there is still discussion regarding whether they should be used in bitcoin trading. However, to optimize the influence of a bot, an investor needs to understand how to use the instrument effectively. For example, investors must have appropriate accounts set up on digital currency exchanges.

They must fund their accounts with bitcoins. In many cases, they must still make investment decisions, such as when to buy or sell. A cryptocurrency bot isn’t a get-rich-quick scheme for investors who are reluctant to spend the time and effort required for success.

The following is a chosen list of the top crypto arbitrage bots, together with their important features, advantages, and drawbacks.

Pionex

Pionex is a crypto exchange that offers various services, like algorithmic trading bots. Customers can use 12 different trading bots for free.

Grid trade bots, which purchase low and trade low and allow customers to profit from market volatility, are among the trading bots available. The leveraged bot allows you to operate on margins of up to three times your initial investment, allowing you to triple your gains.

One of these bots is known as the spot futures arbitrage bot, and it allows traders to profit from the difference between the latest prices in the futures market for a certain pair. Customers may begin trading using the bot for as little as 15-50% APR and with minimal risk.

Investors need to pay each other a financing rate that creates arbitrage opportunities for this bot. Accounts also invest in perpetual futures as well as buy the very same quantity in the spot market, hedging the whole investment while still receiving a funding rate by keeping a short position.

You may establish many trailing supports to restrict possible losses, and the bot should immediately sell when a lucrative objective is reached. Dollar-cost averaging allows you to establish several buy orders that will be executed when those objectives are met.

Other bots include the Martingale bot, which is a dollar-cost averaging bot which also sells to allow a trader to profit from fluctuation. The rebalancing bot enables better currency management.

Features

• Own exchange.
• Other exchanges are not supported.
• Apps for iOS and Android that allow bot management as well as manual trading.
• A web app is also included.
• Built-in bitcoin exchange with manual trading and many order types.
• Low trading costs.

Advantages

• In a certain price range, you may use this cryptocurrency arbitrage bot to purchase at a low rate and trade at a high price.
• This Arbitrage bot allows ordinary investors to generate passive income with minimal risk.
• It lets you deposit and receive funds from your bank account, as well as trade in US dollars.

Disadvantages

• The free and premium plans are less feature-rich than competitors.
• Fiat cannot be withdrawn.

Coinrule

It is ideal for novice bot traders and strategy tweaking. Coinrule allows you to trade cryptocurrency across the top ten most popular exchanges utilizing arbitrage trading methods without the need for scripting. You can choose to employ pre-built rules or trading methods and begin trading within minutes of creating the account, or you can design your tactics (and run demo trading with them without charging). As a result, this Binance cryptocurrency arbitrage bot is appropriate for novice and experienced traders.

The cryptocurrency arbitrage bots website or platform, which was founded in 2017, provides 150+ template strategies from which to begin. After joining up and linking to your preferred exchange, select a template with adjustable tactics. On these templates, you may add new rules like stop-losses, purchasing the dip, cost-based accumulation, and rebalancing, among many others.

Among the features are:

• Bitfinex, Binance, Bitpanda Pro, BitMex, Bitstamp, Bittrex, HitBTC, Kraken, Liquid, Coinbase Pro, and Poloniex are among the exchanges that are supported.
• There are iOS and Android apps in addition to web access.
• Instructions for utilizing bots and an ordinary trading.
• Leverage methods are provided for hobbyists and higher plans. The starter includes two live rules permitted, two demo rules allowed, seven template strategies allowed, one exchange allowed to connect, and a trading volume of up to $3,000 allowed.
• Customer service assistance.
• There is no backtesting. However, the demo exchange allows you to test your tactics.

Advantages

• The ability to construct automatic trading strategies based on common indicators with this bitcoin arbitrage software.
• It offers a variety of strategies for a higher degree of trading.
• A skilled cryptocurrency team is always available to assist you.

Disadvantages

• There is no active mobile application.

Cryptohopper

Cryptohopper is a cryptocurrency arbitrage robot and portfolio management program for cryptocurrency traders. It allows you to trade and manage over 100 cryptocurrencies. It is ideal for both spot and futures traders.

To trade arbitrages, this bot or application connects users to the supported exchanges using API keys. Users can utilize price tracking to track prices in real-time and, after that, act by executing timely transactions. The bot, which employs artificial intelligence, allows users to duplicate transactions from other site users or cryptocurrency arbitrage software.

Without experienced trading or coding abilities, you may utilize in-app chat features to debate trading strategies, subscribe to trade alerts, buy strategies, as well as buy bot templates. Asset managers, mining pools, miners, service providers, individuals, and expert traders may all benefit from it.

Features

• Among the 16 supported exchanges are Binance, Bybit, EXMO, OKx, Kraken, Crypto.com, and many others.
• There are apps for iOS and Android, as well as online applications.
• Dollar-cost averaging and market-making chances are available.
• Charting is completely free.
• Short selling implies that you can trade cryptocurrencies even while prices are decreasing.
• Seven-day free trial on the starting plan.
• Strategies for backtesting.
• Account consultants.
• Support, a certification academy, transaction tracking, and so forth…
• Depending on the exchange, trade using fake balances.
• Trading gift cards, etc., is available.

Advantages

• This crypto arbitrage bot has a simple setup process and requires no credit card details to join.
• Cryptohopper is a trade arbitrage bot that operates around the clock and stores its data in the cloud.
• Provide reliable backtesting data.
• Cryptohopper gives performance information in real-time.

Disadvantage

• It only provides minimal technical help.

3Commas

Recommended for experienced bot users interested in even more complex bot trading, such as programmed options strategies.

3Commas provides advanced trading choices in a user-friendly, surprisingly inexpensive package, making it an excellent solution for independent traders wishing to implement more complex strategies with a feature-rich terminal that operates on 17+ major exchanges. Options trading, for example, is a complicated industry, but 3Commas features a simple, highly visual user interface that assists investors in programming automated options strategies. In addition, 3Commas’ blog provides useful insights, data, and advice for cryptocurrency traders.

Features

• Bot strategies and templates are available through the marketplace.
• A platform for the cloud.
• An interface that is simple to use.
• Responsive customer service.
• A diverse spectrum of automated bots.
• FAQs and a well-explained knowledge base.
• Freely launch your own DCA bot!

Advantages

• The setup is simple.
• Templates are easily accessible.
• Bots are constantly accessible through the cloud.
• With a large number of bots available, you may implement any plan.
• Get assistance at any moment, thanks to the advanced knowledge base as well as a support team.

Disadvantages

• The dashboard’s features and data might be overwhelming at first.
• Premium service (with a free version)

MultiTrader.io

Best for new bot users. Unlike many other bot sites that contain several bots, MultiTrader focuses on arbitrage trading. Users receive access to market data and may do arbitrage analysis on order books. In other words, you may search for pairings across various exchanges to trade and profit from arbitrage. You may also tweak and test your bot parameters to fine-tune the settings. The functionality simulates historical data and can run many times per day.

The bot employs three arbitrage trading strategies: spread trade, auto rebalance, and classic arbitrage trading. Spread trading is based on price spreads for the cryptocurrencies being exchanged. Auto rebalancing makes use of the opportunity to execute several transactions with tiny gains rather than waiting for a few large profits.

Features

• Bittrex, Bitfinex, Binance, Poloniex, Coinbase Pro, Kraken, Gemini, Bitpay, Luno, Upbit, Coinone, Cex.io, YoBit, Bitstamp, and Kucoin have supported exchanges.
• IOS, Android, and web platforms are all supported.
• Bot parameter backtesting.
• Use tools to keep track of deals, bots, and their results. Examine trade history as well.

Advantages

• Completely free.
• There are several articles for novices.
• Arbitrage techniques that work.
• Services for advanced automated trading.

Disadvantages

• Customer service might be sluggish.
• Could accommodate more exchanges.

HaasOnline

Best suited for developers, novices, and expert users seeking a variety of tactics. HaasBot is a trading robot owned and operated by HaasOnline that has been in business since 2014. It comes with a 14-day trial license that allows you to try out any trading bot you choose. Furthermore, the minimum payment is $250, and it accepts USD, EUR, GBP, and CHF. It has three subscription tiers for the experienced, novice, and simple users.

Furthermore, it provides a diverse range of trading bots, including the Inter-Exchange HaasBot Arbitrage, Standard Trade Bot, as well as the HaasBot Order Bot, and there’s no trading size restriction. You can utilize HaasScript on these bots to create complicated technical indicators, trade algorithms, and alerts.

Features:

• Bot automation enables traders to replicate practically any trading technique.
• You may design your technical analysis with this bitcoin trading robot.
• This free cryptocurrency trading bot protects your data and code.
• Supervise your Arbitrage trade bots and spot chances with personalized dashboards.
• The program generates performance reports in real-time.
• Includes HaasScript, a programming language designed specifically for trade bots by HaasOnline.

Advantages

• Trade bot platforms for on-premise as well as cloud-based trading for maximum control.
• Trading without a custodian. It is necessary to have an exchange API key with no withdrawal permission.
• With no financial risk, paper trade utilizes live order books as well as simulated wallets.
• Backtesting and batch testing can be used to identify past improvements that will boost future ROI.
• There will be no blackbox arbitrage trade bots; you will know precisely what makes the arbitrage bot run.

Disadvantages

• There are no native mobile applications available.
• Beginners will have a steeper learning curve.

Quadency

Beginners with no strategy-building or customizing abilities, as well as expert users, should utilize this. Quadency trade bots are particularly appropriate for newbies because they come with ready-made pre-built tactics for trading in a matter of minutes. The software allows you to design and backtest popular methods, including arbitrage trading strategies, which you can use in real trading. You may create your own using the Python programming language.

In addition to completely automating transactions, Quadency allows you to measure the trading bot’s performance against buy-and-hold strategies. After creating an account, users may begin using the platform’s many bots. MACD, Mean Reversion, DMAC, Bollinger Bands, Multilevel RSI, Smart Order, Market Maker, and DCA are a few examples.

Features:

• Binance, Bittrex, KuCoin, Coinbase, Kraken, OKx, Gemini, Liquid, Bitfinex, HitBTC, and Poloniex are among the supported exchanges.
• There is no mobile app.
• A large variety of trading strategies is available.
• View the bot’s positions available, limit orders, and trading history.
• As many as 20 bots can be run at the same time.
• There will be no margin trading.

Advantages

• There is just one pricing tier.
• Accepts all major CEX and integrates 12 distinct exchanges.
• Binance and Kraken are among the official partners.
• Has the ability to backtest

Disadvantages: 

• There is a set of eight Quadency automated bots accessible.
• Only supports spot trading.
• There is no mobile app.

Bitsgap

Best for both beginners and expert users. Bitsgap is most likely the greatest Bitcoin or cryptocurrency arbitrage bot for newbies who wish to trade cryptocurrency since it comes with ready-made proven trading techniques to start trading without acquiring any or maybe a gadget from scratch. The latter is still possible for advanced traders.

Bitsgap facilitates arbitrage trading using APIs, which connect crypto exchanges to the bot. The Bitcoin arbitrage bot program has no access to the withdrawing feature of linked exchanges.

Features

• 25+ cryptocurrency exchanges, including Coinbase, Binance, Poloniex, Kraken, as well as Bitfinex.
• Apps for iOS, Android, and the web are all available.
• Arbitrage using fiat currencies.
• Keep track of all arbitrages’ trade history.
• Paper trading is a type of demo trading. The account contains real-time market exchanges.

Advantages

• It provides about 25 brokerages.
• A cryptocurrency arbitrage bot with various features is simple to operate.
• It provides precise Tradingview Charts that allow you to evaluate the success of your bot.

Disadvantages

• There is no native mobile application available.

Trality

It is best for developing cryptocurrency trade bots for selling. Trality is a cryptocurrency arbitrage trade platform designed for experienced cryptocurrency traders. It allows people to earn from algorithmic computerized crypto trading without quitting their day jobs. This is one of the top crypto arbitrage bots, with some of the best tools for creating complex, creative algorithms.

Features

• Provides pre-defined tailored trading strategies.
• Provide a simple drag-and-drop graphical user interface (GUI).
• This Python-based crypto trading bot provides algorithms that run continuously so that you will never miss a deal.
• More than 100 technical indicators may be used with Boolean Logic.

Advantages

• To build your trading bot, you may use either the Rule Builder or the Code Editor.
• Trading tactics are encrypted from beginning to conclusion.
• It provides real-time trading over the cloud.

Disadvantages

• There are no mobile applications available.

WunderTrading

It’s Ideal for Copy Trading. WunderTrading is a leading trade bot platform that enables traders to simply automate trades and generate passive cryptocurrency income. It also offers a social trade network where users may mimic expert traders’ trades.

Features

• TradingView Smart Terminal/Custom signal automation.
• Copy-Trading functionality.
• Management of Multiple Accounts.
• Arbitrage Trading Futures Spread Trading Crypto Portfolio Tracker.

Advantages

• Cloud-based trade bot platform 14 supported exchanges.
• Integrated Terminal for manual trading.
• Customer service that is second to none.
• Very configurable trading parameters.
• Professional Signal Providers.
• Copy trading via the marketplace.

Disadvantages

• There is no support for paper trading and no GRID bot.

Conclusion

Arbitrage trading is classified into several categories, such as cross-exchange arbitrage, spatial arbitrage, decentralized exchange arbitrage, statistical arbitrage, spread trading, and triangular trading. Most bot platforms use many of these to enhance client revenue.

Most bot trade platforms provide free plans, trial periods, or the ability to try their operations for free, which is fantastic. The finest crypto trading bots, on the other hand, provide copy trading as well as social trading, enabling you to subscribe to professional trading methods or sell signals yourself.

The management of risk is critical for minimizing possible losses. Choose a site that enables you to invest in many bots at the same time and to freely and simply customize plans using templates and similar tools.