Bitcoin trading is a promising way to trade that can turn overwhelming profits. This is why it is ever crucial and imperative for those who want to be involved with bitcoin trading to know the strategies and insights to make the best trade. Among the best techniques is using a trading bot. This piece and discussion will delve deeper into the best bitcoin arbitrage bot you can find on the market today. But first, what is arbitrage crypto trading?

What Is Arbitrage Crypto Trading?

Arbitrage crypto trading pertains to purchasing and selling cryptocurrencies on various exchanges for the trader to make a profit. The main goal and aim of this strategy is to earn money through taking advantage of value differences between two exchanges.

Thus, cryptocurrency arbitrage is purchasing cryptocurrencies on a particular exchange and selling them on another exchange to earn a profit. It is regarded as a simpler approach to cryptocurrency trading compared to other methods that require technical analysis. Furthermore, this is also among the greatest trading strategies in the market of cryptocurrency because it is volatile.

There are several crypto arbitrage exchange bots in the market right now, even beyond the items on the list you will learn about a little later on. So, choosing the best bitcoin arbitrage bot can be difficult. Without further ado, we show you some of the most recommended crypto arbitrage bots for trading bitcoin and their respective features.

6 Best Crypto Arbitrage Bots For Bitcoin Trading And Their Features

1. Cryptohopper 

Touted as the best for fixed fee options and copy arbitrage trading, Cryptohopper is your crypto arbitrage bot that offers you help when managing your entire crypto exchange accounts in a single place.

You can utilize this arbitrage bot to earn profits through exploiting the differences in value between many trading pairs on a similar exchange.

Being one of the best crypto arbitrage bots around, it offers traders a wide range of pricing plans for their site. It also provides you access to various features apart from the arbitrage functions.

Cryptohopper Features

First, Cryptohopper is a well-recommended trading bot when it comes to helping traders create their technical analysis. Second, you can swiftly acquire bot templates and strategies with this bot. Third, this bot also secures your crypto trading account with the appropriate protocols.

Plus, this bot likewise keeps your data private and secure. Its algorithms can support RSI, EMA, BB, and other standard signals or indicators. Not only these, but you can use paper trade when you want to check your strategy with no financial risk. Lastly, it offers a highly-advanced approach with over 90 Candle Patterns and over 30 Indicators.

Next on our list is Pionex.

2. Pionex

Pionex is best for both beginners and advanced traders. This crypto exchange bot provides you with free built-in cryptocurrency arbitrage trading bots. This bot is capable of aggregating the liquidity from Binance and Huobi Global, the largest Binance brokers. Furthermore, the crypto trading fee of this arbitrage bot is 0.05 percent for the maker and taker.

Pionex Features 

What are some of the best capabilities and features of Pionex? Well, for one, it offers retail investors over 16 free trading bots. There is also the Leveraged Grid Bot that provides up to five times leverage.

Moreover, this crypto trading arbitrage bot also lets crypto investors earn passive income with low risks. Regarding the trading fees, Pionex has the lowest compared to other major exchanges. Lastly, it also offers a smart Trade terminal that lets traders set up trails, take profit, and stop loss in a single trade.

3. Trality

Ideal for building cryptocurrency trading bots for selling, Trality refers to the crypto arbitrage trading platform that works best, especially for advanced crypto traders. This bot helps them earn profits from algorithmic automated crypto trading without having to leave their day jobs.

Trality is one of the best cryptocurrency arbitrage bots that offer traders some of the best tools to create very innovative and complicated algorithms.

Trality Features

Trality provides curated and pre-defined trading strategies. It also offers an easy drag-and-drop graphic interface. And because it is based on Python, it provides algorithms that run 24 hours a day and seven days a week so traders will never miss a trade. They can also use Boolean Logic for over 100 technical indicators.

4. Bitsgap

Also on the list of the best crypto arbitrage bots is Bitsgap. Best for arbitrage trading across many crypto exchanges, Bitsgap is a cryptocurrency arbitrage bot that helps traders trade their crypto assets.

It lets them analyze more than 10,000 crypto pairs as the bot detects coins having potential arbitrage gains. Plus, you can access this trading bot without needing to download it.

Bitsgap Features

This bot is fully automated that also works 24/7. It lets traders test settings prior to making the final cryptocurrency investment. This bot also helps you obtain maximum profit. Not only these, but it also keeps your funds on the exchange balance to stay secure.

Bitsgap also lets you create your bot strategies with a few clicks of your mouse. Moreover, you can also view your trading via a chart. It offers more than 12 chats and over 100 technical indicators for quick research on crypto.

5. 3Commas

Also a highly-recommended bitcoin arbitrage bot for advanced traders, 3Commas is an arbitrage bot that lets you increase your revenue while minimizing losses and reducing risks.

This bot also helps traders earn huge profits even with minimal effort. It is among the best cryptocurrency arbitrage bots that let you develop strategies based on over 20 trading indicators. Continue reading this article so you can further learn the features of 3Commas.

3Commas Features

3Commas offers single and multi-pair bots. It also allows traders to trade non-stop, 24 hours a day and seven days a week; it is accessible. Then, also among its features is allowing you to copy the settings of other bots.

To help you stay updated on everything about trading, it offers deal notifications via the web or mobile apps, emails, or your browsers. With this bot, you can also earn Bull, Bear, and in sideways markets.

This bot also supports Signals, Custom Trading View, Dollar-Cost averaging signals, Backtesting, and so much more. Plus, you can likewise balance your portfolio through maintaining coin ratios. Lastly, it offers support for Paper Trading.

6. Coinrule

On the other hand, Coinrule is a trading bot for advanced trading indicators. This bot lets traders trade for Binance, Kraken, Coinbase Pro, and many other exchanges. This software provides more than 150 trading strategy templates.

Coinrule Features 

As a trading bot, Coinrule provides customer service in real-time. Then, you can also test rule performance based on previous data. Furthermore, it also provides military-grade encryption.

It is a safe platform that beginners may also use. It sends automated trading instructions to your preferred exchanges. It allows traders to trade 24/7 as well.

Take Heed Of These Tips For Arbitrage Trading

As the conclusion, we take you to the best tips for arbitrage trading.

First, avoid switching between coins very often. Keep in mind that you will have some costs on the trading fee when you start and close your chosen bot.

Second, keep the bot active for at least one week or two weeks as long as the funding rate is positive. However, you may shut the bot down anytime you want.

Third, use only one arbitrage bot with one coin at a time. Yet, you are free to top up more investments or get some anytime.

Fourth, it would be better to arbitrage two or three crypto coins simultaneously.

Lastly, it is recommended to start the arbitrage bot while the price gap is higher. Shut it down when this gap is negative or lower.