2 Best Crypto Arbitrage Bots (May 2022)

March 21, 2022
Blog

When choosing the best crypto arbitrage bot for you, it’s vital to think about your individual needs and trading goals. Each bot has its own set of characteristics, costs, and benefits that may or may not be appropriate for you. In this post, we’ve gone through the top 3 crypto arbitrage bots to help you make an informed decision.

For people who want a complete and user-friendly trading bot solution, KuCoin‘s Trading Bot is the ideal option. We can’t find any reason not to recommend KuCoin’s Trading Bot as the best crypto arbitrage bot to use right now, given that it offers low monthly costs and impressive features.

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What Is The Best Crypto Arbitrage Bot?

1. KuCoin’s Trading Bots

KuCoin is a cryptocurrency exchange that launched in Hong Kong in 2017 and claims to be the “People’s Exchange.” Their goal was to provide a straightforward and secure platform on which to buy and trade a variety of digital currencies to people all around the world.

The service boasts a trading bot compatibility that is comparable to Coinberry’s Autopilot functionality, and it may be accessed via its mobile app.

Trading bots may purchase and sell your cryptocurrencies automatically, so you don’t have to be online all the time to monitor the market, and they do so using a strategy that has been proven effective in other investments (known as dollar-cost averaging).

Features

  • Allows you to trade against a large range of pairs 24/7
  • No installation required, hosted in the cloud
  • Excellent customer support
  • Intuitive design to set up bots

Cost

  • Fees: None

Best For

Crypto traders looking for a comprehensive and user-friendly trading bot solution.

2. Cryptohopper

Cryptohopper is a crypto trading bot that was founded in Amsterdam in 2017. It offers a wide array of services, such as automated trading, cryptocurrency signals, risk-minimizing features, trading bot templates, and technical analysis.

With the Pioneer Plan, CryptoHopper is accessible for free; however, you may choose from a variety of plans, including the Explorer package ($19 per month), the Adventurer package ($49 per month), and the Hero or Pro Trader pack ($99 per month), all with different features and benefits compared to the Pioneer Plan.

Features

  • No commissions on top of monthly payments
  • Grants access to cutting-edge research software
  • Has a mobile app
  • Advanced security features

Cost

  • Pioneer Plan cost: Free
  • Explorer Plan cost: $19 per month
  • Adventurer Plan cost: $49 per month
  • Hero/Pro Trader Plan cost: $99 per month

Best For

Those who want to start trading quickly and easily without having to learn about technical analysis.

In Summary

When choosing the best-automated trading bots for crypto arbitrage trading, it is important to consider your individual needs and objectives. Each bot has its own set of features, costs, and benefits that may or may not be a good fit for you. In this post, we’ve gone over the 3 best crypto arbitrage bots to help you make an informed decision on which one to use.

KuCoin‘s Trading Bot would be the best choice for those who want a comprehensive and user-friendly trading bot solution. Considering the low monthly cost and impressive features, we can’t find any reason not to recommend KuCoin’s Trading Bot as the best crypto arbitrage bot to use right now.

Best Crypto Arbitrage Bots FAQs

What Is Crypto Arbitrage?

Cryptocurrency arbitrage is the practice of buying cryptocurrencies on one exchange and selling them on another to make a profit. The objective of the arbitrage strategy is to earn money by exploiting the differences in crypto coin value between two exchanges. 

This is a simple approach to trade cryptocurrencies when compared to other methods that need technical analysis. Also, because of their volatility, it’s one of the greatest trading strategies for cryptocurrency markets.

Is Crypto Arbitrage Risky?

There are several risks to crypto arbitrage strategies, just like any other trading technique. Slippage and price movement are the main hazards.

Slippage begins the instant you begin your trade and continues until the conclusion. It refers to how much the price of the digital asset has changed since you began trading.

Every penny counts in the cryptocurrency trading market, even if it appears to be a small sum. When you’re performing crypto arbitrage, keep in mind that you’ll be trading with extremely tiny margins.

The price movement of digital assets is considered to be highly volatile. It may be a double-edged sword in this instance. While arbitrage has plenty of potential for making money, you can also lose everything very quickly, leaving you with losses that lower your digital assets.

What Should I Look For In A Crypto Arbitrage Bot?

Is there a way to figure out which crypto trading bots are the best? Most cryptocurrency trading arbitrage bots provide features, pricing, and competitive strategies. It makes it difficult to choose one for your requirements because of this. The following factors might assist you in choosing cryptocurrency arbitrage bots.

Security: If you want to be safe during crypto bot trading, look for a bot that allows you to generate unique API keys for every exchange you use. You may also add security by turning off withdrawal permissions before handing out your API keys.

Supported Exchanges: When a crypto arbitrage bot can access numerous exchanges, you’ll have a greater variety of alternatives across the major cryptocurrency platforms.

Price: In the realm of bot selection, price is critical. The arbitrage bot should be affordable. More significantly, the crypto arbitrage bot should demonstrate what you’re getting for what you pay.

Ease of Use: Some of these crypto arbitrage bots are simple to use, while others offer more sophisticated technologies that need technical knowledge. Some easy-to-use bots allow for bot creation and customization through coding, but they also provide choices for people without programming abilities.

Community: Is there a large and active community behind the arbitrage bot you’re considering? An active community is a beneficial one that can assist you with issues and concerns during your cryptocurrency arbitrage trading career. Telegram, Twitter, and Facebook are popular places for bot community members to connect and talk about everything crypto trading bots.

Is Using A Crypto Arbitrage Bot Legal?

The fact about the cryptocurrency world is that it is largely unregulated, and each nation has its own rules and laws regarding it. This implies that employing a cryptocurrency arbitrage bot to execute your transactions is not technically illegal, even if it saves you time.

However, we suggest that you invest in high-quality arbitrage software since if something goes wrong at the end of the day, it will just be you who suffers as a result.

The Best Crypto Exchanges In Canada

Best Overall

Supports: 16 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.2%

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Lowest Fees

Supports: 17 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.1% - 0.2%

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Best For Altcoins

Spreads: ~0.5%
Security: 95% cold storage
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Low spreads, great platform.

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Rated 4.5/5