Crypto Arbitrage Bots Best for Trading Digital Currencies

• 1 Crypto arbitrage bots help in buying cryptocurrencies on one exchange and selling them on another with gains. 
• 2 It is a much simpler process as compared to other methods that need technical analysis to gain profits.

The cryptocurrency market is very volatile. In such a short time, it is very difficult to detect profit-making techniques without any specialized software. Here, the role of crypto arbitrage bots plays a very important role.

They are based on high algorithms and artificial intelligence with the aim of the arbitrage strategy. They utilize the differences in crypto coin value between the two exchanges and facilitate users to gain profit through trading.

Many crypto arbitrage bots are available in the market. Some of them which are the finest with features are discussed below.

1. Cryptohopper Crypto Arbitrage Bots 

Cryptohopper helps to manage all crypto exchange accounts in one place. They offer a wide range of different pricing plans for their site. It offers technical analysis, templates, and protection of accounts with secure protocols. It also offers a highly advanced strategy with 90+ candle patterns and 30+ indicators.

It provides an easy setup and requires no credit card information. For trading, it utilizes cloud storage. The backtesting data it provides is very powerful. It also facilitates real-time performance reports which helps users to monitor market conditions and make trades at the right time. 

However, it offers very limited technical support. It is available in a Lifetime free basic plan. This bot supports Android and iOS both. This crypto arbitrage bot supports a broad range of digital currencies and exchanges. It includes exchanges like Kraken, Bittrex, Okex, KuCoin, Coinbase Pro, HitBTC, Huobi, Poloniex, etc.

2. Bitsgap Crypto Arbitrage Bots 

Bitsgap provides time-tested trading techniques that enable users to make trading the right way without the requirement of any other equipment or any strategy of their own. The user can access the trading bot without downloading it.

It is a fully automated bot that works 24/7 hours. Before final investments, one can test the setting. The trading can be viewed in the form of a chart. It provides 12+ charts and more than 100 technical indicators for quick research. 

It does not offer native mobile applications. The pro plan costs $149 per month whereas the basic plan is available at $29/month. A day’s free trial is also available.

3. Pionex Crypto Arbitrage Bots

Pionex offers free built-in crypto trading bots. It was launched in 2019 and offers an automated crypto trading environment making it the best choice for traders who want to take advantage of the latest trading technologies.

It provides mobile applications and charges only 0.05% fees for takers and makers.  It offers 40 funding crypto assets on the platform. Also, it does not offer support for custom trading strategies. The intelligent trade terminal allows the user to set up stop loss, take profit, and trail in a single trade. It supports Android and iOS both.

4. Mizar Crypto Arbitrage Bots

Mizar was launched in 2021 with an easy way to achieve goals. It helps to make trades and develop strategies and automated bot setups from fellow user experience. Nexo is the lead investor in this platform.

It provides subscription-free service and supports several cryptocurrencies on ten exchanges thus providing a wider range of trading opportunities. Mizar operates on a noncustodial model which fades the danger of hacks. With its token (MZR), users will have the opportunity to participate in the governance of the platform.

5. HaasOnline Crypto Arbitrage Bots

HaasOnline is one of the oldest crypto trading bot platforms. This automated trading platform lets users create strategies with just a mouse click. The platform provides real-time performance reports and keeps the data and code private. 

It uses backtesting and batch testing to find historical optimizations that improve future ROI. This platform does not offer native mobile apps. Lifetime free basic plan and premium subscriptions are available.

6. WunderTrading Crypto Arbitrage Bots

WunderTrading facilitates easily automated trades with a social trading network where users can trade with professional traders. The copy trading feature allows users to copy other professional traders and bots in just a few clicks.

The crypto portfolio tracker tools help to monitor balances automatically. This crypto arbitrage bot helps to create complex trading strategies without the need for users’ involvement. 

It supports 14 exchanges but does not support paper trading. A lifetime free plan is available. The paid plans vary from $9.95 to $44.95/month. A 7-day trial on the PRO plan is also available.

7. 3Commas Crypto Arbitrage Bots

3Commas is one of the leading crypto bots on the market. It has awesome features which include smart and copy trading, bot templates, a user-friendly interface, FAQs, and easy setup.

 It supports iOS and Android and has very responsive customer support. It has a lifetime free basic plan and it supports several exchanges like OKX, Huobi, Kraken, Gemini, etc.

8. Kryll.io Crypto Arbitrage Bots

Kryll is among the exceptional cryptographic algorithmic trading bots available in the market. It offers users the ability to create several tactics and unique strategies using its drag-and-drop editor. This offers users the ease to utilize this functionality without coding knowledge. 

Kryll protects the security of data by never giving access to the exchange login credentials. This crypto arbitrage bot’s fee structure is reasonable and competitive. This fee structure can sometimes be complicated as traders are charged for each usage. It supports Android and iOS. Comparatively, it supports fewer exchanges than others.

Summary

Arbitrage bots are computer programs that utilize market information to make a profit in crypto trading. There are many crypto trading bots available in the market but the selection largely depends on the requirements. The bot that provides facilities must support multiple exchanges and an automated approach for making potential profits is beneficial to consider.