ArbiSwap: Profitable Cryptocurrency Arbitrage Opportunities?
Do you know the best tools that can certainly help you to become a pro trader? Today we will review ArbiSwap, a site that might give you some help when you need to use arbitrage techniques to invest. Arbitrage is what you do whenever you buy cryptocurrencies when their price is low to sell it again when the price is high.
This platform can help you to know when cryptocurrency prices are rising so you can decide whether to sell or buy new ones. Does it work well, though? You can discover that by reading our review about this site.
How To Use ArbiSwap?
ArbiSwap is actually very easy to use. The first thing that you have to do is to register. You can register for free, but you have to pay to use the program, so only your trial time (about a week) will be free until you have to pay.
You have two options: either you pay $7.99 USD every two weeks (and pay a total of $207.74 USD during the year or you can pay the yearly subscription of $119.00 once. The second option is certainly better if you liked the program and you intend to use it a lot in the future. There are no special memberships, only this discount if you pay for the whole year.
After you have registered (you have to use a valid email), you will be free to use the system as much as you want for 2 weeks or a whole year until you have to pay again. If you do not pay, you will not be able to access ArbiSwap anymore.
How Does ArbiSwap Work?
Basically, you have to access the online platform (which can be accessed via smartphone or desktop, but there is still no apps for smartphones) and you can search for different exchanges and see the current price of the tokens that you might want to buy.
The platform has am arbitrage screen that gives you a full report on what is happening at the time by using an algorithm created by the company. You can see and monitor information without risks, only risking your money when you start to transfer tokens from one exchange to the other one.
You can also subscribe to receive real-time arbitrage alerts on your cell phone or email (or both). the company monitors more than 800 coins and advises the users whenever some deal that is considered good by the company is found. You can even subscribe to alerts of a single cryptocurrency or exchange if you want to.
The ArbiSwap Verdict
Our impression is that ArbiSwap can be a useful tool if you use with moderation. While it might not be the best idea to rely too much on this cryptocurrency, you can definitely use it as some kind of guidance if you are using the arbitrage process for the first time.
The only problem lies in the fact that the alerts are not 100% trustworthy, so you could definitely lose a lot of money if you blindly follow what the company is telling you to do instead of simply deciding to use it as a guide but still decide for yourself when to invest or trade.