Despite low prices and two market crashes in 2018, there are still investors who have not been chased out of the bear market. However, trading has become a bit difficult, and those who are making money with crypto trading have had to find an alternative way to emerge. For this reason, arbitrage robots have become increasingly popular, as they allow traders to automate the process and continue to make money even if they are not able to track the change in crypto value.
Arbitrage bots are programs that allow users to set different parameters related to trading and influence bot behavior. Thus, bots can establish a presence in cryptographic exchanges that support them and negotiate on behalf of commercial operators. They can make immediate decisions whenever the price moves profitably for the trader,
However, not all bots are equally good, which is why choosing the right one can make a big difference. Because of their popularity, there are many arbitrage bots on the market, some of which are free, others cheap and even those that may have higher prices. Here are the four robots considered best by the crypto commercial community.
Gimmer is an automated trading bot that currently also supports various arbitrage opportunities. It works on numerous exchanges, including Kraken, Binance, BitMEX, Bitfinex, Huobi and many others. In addition to trading on behalf of the user, this bot can also offer the opportunity to test different trading strategies. Users can also choose to rent them if they choose to do so. The robot development team is constantly working on adding new features that will improve the trading and user experience in general.
2) Crypto Arbitrage
Although not a bot with an impressive name, Crypto Arbitrage is still able to perfectly meet the needs of its users. Currently focuses on the possibility of triangular and direct exchange arbitrage. As mentioned, it works by placing an order on behalf of the user whenever he finds a chance to make a profit, and is able to earn over $ 40 a day, according to his developer. It is currently supported by five different platforms: Bitfinex, Bittrex, Gate, Bitstamp and Kraken.
Next, there is HaasOnline, created by the company of the same name. The bot uses different strategies for trading and offers users different customization options. It is also more expensive than others. Many of its users argue that its price is still worth much, which does not make its cost high a bad thing.
The bot also has a constantly growing list of different trading features, which allow it to exchange different currencies between different trades. It supports many of these, including Binance, Coinbase Pro, OKEx Futures, Gemini and others.
4) Arbitrage Bot for CryptoMedics
Finally, there is the CryptoMedics Arbitrage Bot, which is relatively new, launched in April 2018. It is one of the free trading bots, which generally causes skepticism in most traders. Furthermore, it does not apply any additional commission for traders. It currently supports four exchanges, including KuCoin, Binance, Cryptopia and Bittrex. We should also remember that the completion of the exchanges is not yet completely automatic, which means that the interaction of the user is required. However, it is a valuable tool for traders looking for excellent opportunities and, in the future, bot development could still fine-tune its functionality.