Cryptocurrency arbitrage is a powerful tool for cryptocurrency traders. This method of trading involves the finding and taking advantage of price differences between exchanges to make a profit. It can be time consuming, but this article covers 7 best Cryptocurrency Arbitrage Bot that will allow you to automate the process for 2021.
Cryptocurrency arbitrage is the process of taking advantage from price differences between two or more cryptocurrency exchanges. You should buy an asset at one exchange and sell it immediately to another for a higher value to make profits.
Arbitrage is a risk-free trading strategy that allows traders to make profit without any open currency exposure. The system makes sure it detects price discrepancies and takes advantage of minimal time needed for profits, The trading strategy makes sure that all limits set by the trader are checked before execution begins.
7 Best Cryptocurrency Arbitrage Bot Platforms
1. Hummingbot
Hummingbot is an open source software that helps you build market making and arbitrage bots for any crypto exchange. It can be used on centralized or decentralized exchanges, which means it’s the perfect tool if want to take advantage of arbitrages across different platforms seamlessly.
Since inception, Hummingbot Miner has enabled 3,200+ individual market makers to fill $2.4 billion in trading volume for 72+ token issuers and exchanges, With sophisticated strategies like Avellaneda, Hummingbot is the only trading bot designed for professional market makers and liquidity providers.
2. CryptX Terminal
CryptX Terminal is a trading platform for those who want to operate and manage multiple exchanges and wallets as well as develop better strategies with backtesting capabilities. In addition, the software offers smart bots that can automate trades on your behalf.
CryptX Terminal allows users to get the best prices across several exchanges, seamlessly and securely, The terminal supports API links to over 15 different crypto exchanges and stores both current and historical data from thousands of coins and tokens.
3. MultiTrader.io
MultiTrader is a trading platform that uses trading arbitrage bots to make the work automatic and easy for profits, this platform is the ultimate tool for any trader who needs access to a variety of currencies and trading opportunities. It constantly monitors 90 currency pairs on 21 exchanges, detects arbitrage trade opportunities and allows you to trade on them.
MultiTrader allows traders to connect and monitor prices from all major cryptocurrency exchange. It keeps historical data which you can browse, with the use of historical arbitrage analysis, we can perform simulation for bot trades with theoretical parameters. As soon as the platform detects an opportunity for arbitrage, you’ll be able to see it live, users can quickly find arbitrage opportunities, sort them by most recent and dig into details.
4. Gimmer
Gimmer is one of the best cryptocurrency arbitrage bot that searches for price differences across exchanges to make money. GMR is the official token for this platform and it’s available on exchanges where you can trade your cryptocurrencies with GMR. It is an automated crypto trading bots that are quick and easy to set up with your own trading strategies, integrated into major exchanges: Bitfinex, Poloniex, Bittrex, OkCoin and many others.
Gimmer is an automated crypt lending bot which means user can make loans, using the artificial intelligence to invest in the currency that has the most deficit, Bitcoin, Litecoin, Dash, Dollar, thus, earning a greater interest
The Gimmer software can be downloaded onto OSX, Linux, Windows, and others.
5. Bitsgap
Bitsgap’s platform offers users a streamlined experience that allows them to trade safely and easily, it offers traders access to 10,000+ cryptocurrency trading pairs with indicators for both beginners and professional traders which makes it easy to deploy strategies that will bring in profits on any market condition using the platform’s wide range of features .
Bitsgap has carefully designed features that will enable you to:
- Quickly compare rates from different cryptocurrency markets
- Trade and instantly switch between different exchanges
- Keep track of your investments
- Basic and advanced market order types
- Take advantage of the price difference between exchanges using arbitrage bot
- Test your strategies out via a demo account facility without risking any of your capital
6. Cryptohopper
Cryptohopper is an automated cryptocurrency trading robot that simplifies the process of cryptocurrency trading. It helps them to make most out their opportunities and maximize profits, as well reduce chances at losses.
Cryptohopper is a web-based solution that features an easy to use and intuitive user interface. It includes functions such as automatic trading, the ability for users to configure bot activity on their own strategies or set up scheduled trades in advance using both algorithmic strategies with high performance backtesting tools.
The platform provides a good range of trading tools and incorporates features such as the bot backtest tool, configurable and saveable templates with customizable technical indicators such as Stoch, RSI, Bollinger Bands and MACD.
| Price | Free Trial / $19 / $49 / $99 Per Month |
| 💳 Payment Options | PayPal and Crypto |
| 💱 Exchange Support | Up to 75 cryptocurrencies and nine major exchanges including Binance, Bitfinex, Bittrex, Coinbase Pro, Cryptopia, Huobi, Kraken, Kucoin, and Poloniex and many others |
| ☁️ Cloud Based | Yes |
| 📈 Signals | Marketplace of Free & Paid Signals |
| 📊 Strategies | 30+ Indicators / 90+ Candle Patterns |
7. Haasbot
Haasbot is one of the best cryptocurrency arbitrage bot that allow users to rapidly create, back test and deploy automated trading strategies across cryptocurrency exchanges in minutes, not hours, You are able to make unlimited trades and connect to as many available exchanges as your plan allows with zero trade fees.
HaasScript is a programming language that has been designed to make it easier for any trader or investor. Its advanced functions allow you to create automated trading algorithms, generate technical indicators and interpret signals from them all while lowering your potential loss
With Hassbot You will have access to:
- Unrestricted Bots
- Unrestricted Insurances
- Unrestricted Safeties
- Unrestricted Indicators
- All Exchanges
- Unlimited Trade and No Fees
- Visual Editor with HaasScript
- Unrestricted Core Features
