7 BEST Crypto Arbitrage Bots for Trading Bitcoin & Crypto (2023)
The art of market arbitrage enables users to engage in crypto trading across multiple exchanges and leverage pricing disparities that arise within identical coins or pairs on distinct exchanges. Sometimes also referred to as triangular trading, this market arbitrage uses the said divergences that occur frequently and can be attributed to several factors, including exchange inadequacies or other underlying catalysts.
The majority of lucrative cryptocurrency trading prospects arise within a brief timeframe, making them difficult to detect without specialized software. Trading bots that employ high-frequency trading strategies, based on advanced algorithms and artificial intelligence, are particularly effective in this regard. One such strategy is the use of an arbitrage trading bot.
In this article we will be discussing the best options for a Crypto Arbitrage Bots and how you can use them to your benefit.
7 BEST Crypto Arbitrage Bots for Trading Bitcoin & Crypto
The extreme volatility of most crypto assets presents an opportunity for higher profits, but it also carries a risk of slippage. As a result, attempting to execute crypto arbitrage trades manually can be too slow to succeed, leading many traders to rely on arbitrage trading bots to navigate the market.
To make an informed decision and maximize your profits, it’s crucial to consider your personal requirements and trading objectives when selecting the optimal cryptocurrency arbitrage bot. Each bot boasts a unique set of features, expenses, and advantages that may or may not align with your specific needs. In this article, we dissect the leading crypto arbitrage bots to assist you in selecting the most suitable option and enhancing your earnings.
The top 7 Crypto Arbitrage Bots for Trading Bitcoin & Crypto in our opinion are:
- Cryptohopper
- Trality
- Bitsgap
- 3Commas
- Pionex
- Kryll.io
- Mizar
Cryptohopper
For those engaged in crypto trading, Cryptohopper offers a multifunctional solution that combines a portfolio management application and a crypto arbitrage bot. The platform supports the trade and management of a wide range of digital currencies, with over 100 options available. By capitalizing on the price discrepancies between various trading pairs on a given exchange, users can leverage this powerful arbitrage bot to generate profits and maximize their returns.
When trading on arbitrage opportunities, the bot or application enables users to connect with supported exchanges via API keys. Through real-time price tracking, users can monitor market conditions and execute trades at precisely the right moment. To safeguard your crypto trading account, these solutions utilize robust security protocols to protect sensitive data and ensure the utmost privacy.
In-app chat features allow traders of all skill levels to confer on strategies, access trading signals, purchase pre-built systems, and obtain bot templates without the need for coding or trading expertise. This convenient solution caters to the needs of asset managers, miners, mining pools, service providers, individuals, and experienced traders alike. For added peace of mind, paper trading enables users to test their strategies without any financial risk, ensuring maximum success when executing real trades.
Also Read: How to make money in the Crypto Bear Market Using Arbitrage?
Trality
Trality has quickly become a popular choice among traders thanks to its user-friendly interface and customizable features. Additionally, the platform boasts powerful paper trading and backtesting functions, allowing users to test their trading strategies and algorithms against historical data. With the ability to practice trading using virtual funds, traders can gain valuable insights and refine their approaches without putting any actual money at risk. This powerful combination of features makes Trality an ideal choice for both novice and experienced traders alike.
Trality was established in 2019 by Dr. Moritz Putzhammer and Christopher Helf as a direct response to the unstable and unpredictable nature of the cryptocurrency market. The mission of Trality is to make fully automated investment portfolios accessible to all, regardless of skill level or experience. By offering powerful tools and advanced features, Trality empowers investors to make data-driven decisions and achieve success in the ever-evolving world of cryptocurrency trading.
Apart from its intuitive UI, the platform is designed to facilitate knowledge sharing and progression amongst crypto traders, leveraging a collaborative infrastructure. Moreover, the platform offers an array of algorithmic testing situations, enabling users to customize time frames and experiment with various strategies. The Rule Builder and Code Editor serve as the core components of the platform, allowing traders to construct and refine trading approaches.
This platform offers several pros that make it an attractive choice for crypto traders. First, it provides an in-browser Python code editor, allowing for more advanced customization and flexibility. The drag-and-drop rule builder interface and ability to create bots from scratch are also useful features. This platform is particularly well-suited for experienced or professional traders. Additionally, the cloud-based access allows for easy accessibility and convenience. However, there are a few drawbacks to consider. The platform lacks integration with some exchanges, which could limit its usefulness for certain traders. Additionally, there is currently no mobile app available, which may be a downside for those who prefer to trade on-the-go.
Bitsgap
Bitsgap is the top-notch solution for newbies in the world of crypto trading who seek to trade Bitcoin and other digital assets. The platform provides a vast array of time-tested trading techniques, which enable users to commence trading right away, without the need to acquire any equipment or develop a strategy on their own.
Many automated trading platforms have set the bar high in terms of essential features that a top-performing bot should have. These include cloud-based accessibility across various devices, the ability to detect arbitrage opportunities and provide trading signals, and support for a multitude of exchanges. Bitsgap, however, takes things up a notch by offering all of these features and more. With their advanced arbitrage capabilities and user-friendly demo interface, Bitsgap sets itself apart as a leading trading platform for both novice and experienced traders alike.
This state-of-the-art crypto trading bot has been designed to help you maximize your profits, offering access to over 12 charts and more than 100 technical indicators for conducting speedy research on digital assets. What’s more, with its impressive support for 25 different exchanges, Bitsgap provides traders with a wealth of arbitrage opportunities, enabling them to take advantage of significant price discrepancies between different markets. With its large and diverse user base, Bitsgap has quickly become a leading platform in the world of crypto trading.
For those who want to test the waters, Bitsgap offers them a free trial version that is easily available. They possess a sophisticated dashboard which provides up-to-the-minute market signals. Additionally, Bitsgap is simple to use since their Arbitrage trading can be initiated with relative ease. However, there are certain Disadvantages to keep in mind also. The Pro plan provided by them may not be within everyone’s budget, as it costs $149 per month. Moreover, there may still be some limitations in terms of bot functionality
3Commas
3Commas stands out among the most distinguished crypto bots in circulation, offering an impressive array of functions that range from intelligent and mirrored trading to the infamous one-click copying bots. 3Commas is a leading contender in the world of arbitrage bots, offering an extensive range of features to help grow your cryptocurrency investments. With a feature-rich terminal, you can access a host of trading tools and automated bots that have been tried and tested. A 3Commas arbitrage bot can be particularly advantageous to those who are strapped for both time and money, helping them steadily accumulate digital assets. With support for over 18 major exchanges, 3Commas’ bots can be seamlessly integrated into your trading strategy. To get a firsthand experience, the platform also offers a free trial that allows you to fully explore their offerings.
This platform comes packed with features that include Smart and Copy trading options, allowing users to effortlessly replicate the trades of renowned traders in a single click. With access to an extensive marketplace offering bot templates and strategies, traders can easily customize their bots to suit their needs. The bots on this cloud-based platform run continuously, ensuring uninterrupted trading. The interface is user-friendly making for a seamless trading experience.
3Commas features a comprehensive FAQ section, providing users with a clear understanding of the bots and how they operate. The platform even allows the launching of the first DCA bot for free, making it a cost-effective solution for beginners. The setup process is simple, and templates are easily accessible, streamlining the trading experience. The bots run seamlessly via the cloud, ensuring they are always up and running. The platform’s knowledge base and support team are available round the clock, providing prompt assistance whenever required. The only drawback could be the initial feeling of being overwhelmed by the sophisticated dashboard, which features a vast amount of data and features.
Pionex
Pionex is a revolutionary integrated crypto trading bots exchange that is completely free to use, making it the first of its kind globally. Launched in 2019, this platform has quickly grown to become one of the fastest-growing platforms in Asia, with a daily trade volume of over 30 million dollars. Pionex offers an automated crypto trading environment, making it an ideal choice for traders who want to take advantage of the latest trading technologies. Currently, the exchange boasts over 100,000 involved users, who are supported by a crew of over 100 specialists, including the founder and CEO.
The available automated trading bots consist of grid trading bots that purchase at a low price and sell also at a low price, presenting an opportunity for individuals to capitalize on fluctuations in the market. Meanwhile, the leverage bot enables traders to leverage their positions up to 3 times, effectively increasing potential returns. With these bots, traders can take advantage of a range of trading strategies to optimize profits while minimizing risks.
The firm has obtained a Money Services Business (MSB) license in the United States and is authorized by the Monetary Authority of Singapore (MAS). The crypto trading bots can handle orders continuously 24/7 by utilizing liquidity engines from both Huobi Global and Binance.
Pionex provides a mobile application for convenience and accessibility, and its interface is fully customizable to suit individual preferences. Users have access to a set of 12 bots, allowing them to trade more efficiently. With fees as low as 0.05% for takers and makers, it is a cost-effective option for traders. Additionally, Pionex offers over 40 funding crypto assets that are available on the platform, making it a versatile choice for investment. However, it does not offer fiat funding for those who prefer to invest using traditional currency.
Kryll.io
Kryll, a revolutionary flow-oriented interface for crafting automated trading strategies, boasts some of the most exceptional cryptographic algorithmic trading bots available in the market. Cryptense S.A.S., a Blockchain enterprise located in the European Technology Park of Sophia Antipolis in the southern region of France, spearheads the Kryll initiative. With the Kryll platform, users of all backgrounds – be it seasoned traders or amateur investors seeking to tap into the world of digital currencies – can gain effortless entry into the realm of cryptocurrency.
Kryll offers its users the ability to create multiple tactics and unique trading strategies using its intuitive drag-and-drop editor. Even individuals without coding knowledge can utilize this functionality to craft their own strategies. Furthermore, Kryll ensures the security of your data by never gaining access to your exchange login credentials. Kryll’s strategy builder employs interconnected blocks to detect essential components of a strategy, including price triggers, candlestick patterns and colours, and technical indicators. The platform’s fee structure is reasonable and competitive.
With its user-friendly interface, even new users can navigate the platform with ease. Kryll boasts a low fee structure and an extensive help section, while a strong community of users and an exceptional team support the project. Users can engage in unlimited free backtesting, and the platform seamlessly blends with TradingView. The strategy editor is efficient and straightforward, making it simple to use. Kryll offers mobile apps for both Android and iOS, providing traders with easy accessibility. Additionally, the platform provides a demo (free trial) option, enabling traders to explore the platform before committing. However, note that Kryll supports fewer exchanges than some other sites, and its pricing structure can be complicated as traders are charged for each usage.
Mizar
Mizar is a relatively new player in the market, launched towards the end of 2021, with the aim of harnessing the potential of social trading, particularly in the burgeoning cryptocurrency space. As newbie traders often struggle to generate thriving strategies in crypto trading, Mizar provides an easy way to achieve goals and acquire some funds while also learning at the same time. The platform allows beginners to replicate trades, strategies, or even automated bot setups from fellow experienced users, providing an avenue for skill development and potential profit generation.
The platform made headlines in February 2022 when it disclosed the successful closure of its seed funding round, with Nexo as the lead investor and participation from prominent venture capitalists such as Huobi Ventures, KuCoin Ventures, Gate Labs, MEXC, Spark Digital Capital, Shima Capital, Stakely VC, and Evolve Capital. The funding round was able to raise a substantial amount of $3 million, which is a testament to the platform’s potential and innovative approach to social trading in the cryptocurrency space.
Mizar sets itself apart from other platforms by offering a subscription-free service, making it accessible to traders of all levels. The platform is incredibly user-friendly, making it easy for beginners to navigate and interact with. Currently, it supports thousands of cryptocurrencies on ten exchanges to which users can connect, providing a broad range of trading opportunities. Mizar is available to traders globally, and users can access some of the leading cryptocurrency exchanges such as Binance, Coinbase, KuCoin, and Huobi.
Mizar operates on a non-custodial model, diminishing the danger of hacks by malicious actors and the loss of assets, ensuring that users can trade with confidence. Additionally, with the launch of the MZR token, users will have the opportunity to participate in the platform’s governance. Keep in mind however that as a relatively new platform, Mizar is still developing some of its services, competing against more established rivals.
Traders who manage significant funds and receive instruction often gravitate towards pricing structures that are stable, such as subscription services, which help them decrease their trading expenses. As a result, Mizar’s pay-per-use approach may not be as desirable to these traders. However, Mizar does offer a method for reducing fees by providing referral rewards and higher STAR level discounts of up to 95%.
