More

    Best Cryptocurrency Trading Arbitrage Bots for 2019: Bitcoin Traders Top Choices to Earn Profits?

    Despite low prices and two market crashes in 2018, there are still investors who were not chased away from the crypto world by the bear market. However, trading has become a bit difficult, and those who are making money through crypto trading had to find an alternative way to come out on top. Because of this, arbitrage bots became increasingly popular, as they allow traders to automate the process and continue making money even if they are not able to continually keep track of the change in crypto value.

    Arbitrage bots are programs that allow users to set up different trading-related parameters and influence the bot's behavior. Then, bots can establish a presence on crypto exchanges that support them, and trade on traders' behalf. They can make instant decisions whenever the price moves in a way that is profitable for the trader,

    However, not every bot is equally as good, which is why choosing the right one can make a big difference. Due to their popularity, there are many arbitrage bots out on the market, with some of them being free, others that are cheap, and even those that can have higher prices. Here are the four bots deemed best by the crypto trading community.

    1) Gimmer

    Gimmer is an automated trading bot that currently also supports different arbitrage opportunities. It works on numerous exchanges, including Kraken, Binance, BitMEX, Bitfinex, Huobi, and many others. Apart from trading on behalf of the user, this bot can also offer the possibility to test different trading strategies. Users can also opt to rent them out if they choose to do so. The bot's development team is always working on adding new features which will improve the trading and user experience, in general.

    2) Crypto Arbitrage

    Despite not being a bot with an impressive name, Crypto Arbitrage is still able to fulfill its users' needs perfectly. It currently focuses on triangular and direct exchange arbitrage possibilities. As mentioned, it works by placing an order on behalf of the user whenever it detects a chance of making a profit, and it is capable of earning more than $40 per day, according to its developer. It is currently supported by five different exchanges — Bitfinex, Bittrex, Gate, Bitstamp, and Kraken.

    3) HaasOnline

    Next, there is HaasOnline, which was created by the company of the same name. The bot uses different strategies for trading, and it provides users with varying options of personalization. It is also more expensive than others. Many of its users claim that it is still very much worth its price, however, which does not make its high cost a bad thing.

    The bot also has a continually growing list of different trading features, which allow it to trade different currencies among different exchanges. It supports several of them, including Binance, Coinbase Pro, OKEx Futures, Gemini, and others.

    4) CryptoMedics Arbitrage Bot

    Finally, there is CryptoMedics Arbitrage Bot, which is a relatively new one, being launched in April 2018. It is one of the free trading bots, which is something that typically causes skepticism in most traders. It also doesn't charge any additional fees for traders. It supports four exchanges at the moment, which include KuCoin, Binance, Cryptopia, and Bittrex. We should also mention that completing trades is still not fully automatic, which means that some user interaction is necessary. Still, it is a valuable tool for traders that are looking for excellent opportunities, and in the future, the development of the bot might yet perfect its features.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    1 COMMENT

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,279FansLike
    2,755FollowersFollow
    4,126FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Dash Price Analysis (February 16)

    • The overall outlook of the coin market is bullish in trend. • The bears may have a temporal control. DASH/USD Medium-term Trend: Bullish • Resistance levels...

    Over $350,000 USD in Ethereum Lost from bZx DeFi Platform in a ‘Complex Transaction’

    bZx Exchange, a DeFi based product states it lost over $350,000 USD in ETH following a “malicious attack” or “successful arbitraging” as queries are...

    Stellar (XLM) Price Analysis (February 16)

    • The price of Stellar is likely to encounter a price breakout soon. • Buyers are in the dominance of the market. XLM/USD Medium-term Trend: Bullish •...

    Bitcoin Cash (BCH) Price Analysis (February 16)

    Key Highlights Lately, there was a slow-increasing mote in the BCH/USD trade worth. As at the time of writing, the crypto’s value looks being...

    MONERO (XMR) Price Analysis (February 15)

    Key Highlights There have been long series of relative up rises in the XMR/USD market activities.  The XRM/USD market has maintained a range interval...

    Bitcoin is Gold on Steroids that would Make an All-time High by Halving: Galaxy Digital CEO

    Earlier this week, Bitcoin breached $10,000 and since then we have been keeping above this level. The digital asset is up 40% in 2020 so...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.