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The ever-changing crypto market is prone to fluctuations and changes that make trading harder for most people. If you’re interested in this kind of investment, trying to automatize this process sounds like a good plan. And, this plan can come to fruition with the best crypto arbitrage bots.
Crypto arbitrage bots are here to basically trade crypto for you and make you earn money. They rely on the value differences of a coin between the two transactions, and this is a fairly new investment tactic. Despite its recent inception, crypto arbitrage quickly became a go-to option for many investors.
Currently, there are dozens of crypto arbitrage bots with different efficiency and features. Thus, we took our sweet time searching the market and come up with the best possible choices for crypto arbitrage in 2023.
Needless to say, you might want to stay with us if you’re interested in getting the most out of your crypto investments.
1. Best Crypto Arbitrage Bots in May 2023
Users interested in crypto arbitrage have a vast choice of crypto arbitrage bots. In today’s list, we prepared 13 of them that, we think, are going to do a great job at maximizing your profit. Here are our favorite crypto arbitrage bots for 2023:
3Commas isn’t the most popular crypto arbitrage bot. However, it sports a huge number of useful features and even comes with a free trial! 3Commas is very versatile and it’ll help you boost your earnings in various markets, such as sideways, bull, and bear markets.
We like 3Commas because it’s easy to use. Once you set it up, you’ll just need to set your trades and triggers and you’re good to go. 3Commas will do everything for you and even track your performance to make sure you’re on the right path.
As is the case with all choices on our list, 3Commas offers several bots presets. There are DCA, Grid, HODL, Smart, and Options bots, all of which have different functions. The Smart Bot is a great choice for beginners, while DCA Bot will help you purchase crypto at opportune moments.
Of course, 3Commas offers bots for specific cryptocurrencies and platforms. For instance, there’s Binance Bot, as well as Ethereum, Huobi, and OKX Bots. Price-wise, 3Commas is relatively affordable. The Starter plan costs $22 per month with an annual payment.
You also have the Advanced plan at $37 a month, plus a Pro plan at $74 a month. The last one is very attractive and gives you unlimited access to all bots, plus paper trading and unlimited active Smart Trades. Most notably, there’s a forever-free plan!
You’ll get one bot out of each category, but you won’t get Smart Bot and paper trading here. Still, 3Commas proved to be very versatile and flexible to suit the needs of different users. With free mobile apps, 20+ trading features, and 16 supported exchanges, 3Commas is an amazing crypto arbitrage bot!
Not to mention that there are no commissions and hidden charges, so everything you earn is yours to enjoy.
If you’re looking for a strong start in the world of crypto arbitrage, you might want to consider Pionex. Pionex is the most popular arbitrage bot due to its feature-richness, ease of use, and extremely low fees. Let’s start with the fees – Pionex will take only a small 0.05% fee, which is pretty impressive.
This means it won’t influence your earnings that much with annoying fees that will take a big cut. Furthermore, Pionex offers 16 different trading bots that you can utilize however you wish. These bots get all the info from Binance and Huobi Global, which, as you know, are the largest crypto trading platforms.
When it comes to its built-in bots, there are a lot of them. For example, I like this Grid Trading Bot. It aims to help you buy crypto low and sell high, which maximizes your profit. Its Arbitrage bot also functions well.
With the ability to leverage the market thanks to a reliable broker system, it maximizes your profit with payouts that occur 3 times a day. Best of all is that Pionex is completely free and can be downloaded directly from the official site, as long as you provide your email address.
Pionex supports exchanges on Coinbase, Kraken, Binance, and many other platforms, along with dedicated Android and iOS apps. This lets you enjoy the crypto arbitrage bot on the fly and keep up with the volatile crypto market all the time.
Coinrule is yet another free crypto arbitrage bot. I like it very much because it’s very easy to use and is very efficient in automating the entire crypto arbitrage process. However, it can be a great tool for advanced users, especially because of its 150 trading templates.
The good thing about Coinrule is that it’s cloud-based, so you don’t need to download any apps. Also, it supports various crypto exchange portals, such as HitBTC, Binance, Bittrex, Liquid, and many more. Regardless of the website you choose, Coinrule will take no fees on any of your exchanges.
How does it earn then? Well, it offers a couple of paid plans as well, with additional benefits such as leverage strategies, one-to-one training sessions, and so on. Free users also get 7 template strategies as well as several types of crypto trading bots.
For instance, we like Conditions and Triggers that make automating the entire process easy. Its arbitrage strategies are great as well, and the bot supports up to $3K monthly trade volume on a free plan. The cheapest plan at $29.99 a month will give you much more, including the $300k trade volume a month.
Indeed, Coinrule is great for both beginners and experienced crypto traders. Its free plan will be sufficient for an average user, and its paid plans aren’t that expensive, making it a worthy investment for crypto arbitrage trading.
Bitsgap is a bit different option compared to Coinrule and Pionex. Namely, it’s not free, so it has only a 7-day free trial to test it out fully. The good thing about it is that it offers the ability to exchange crypto on a huge variety of crypto exchange platforms.
I like how easy it is to use, although it doesn’t offer a specific app for mobile or desktop platforms. Still, Bitsgap is great at analyzing the market, especially crypto pairs, and comparing the potential earnings. Through arbitrage trading, it helps you buy low, sell high, and make money quickly.
Moreover, Bitsgap doesn’t require any special knowledge to use it. You can set all the rules with a few mouse clicks and the bot will work 24/7, ensuring that you never miss a single opportunity. Much like every pick on the list, it offers several types of exchange bots.
Apart from an arbitrage bot, Bitsgap gives you Futures Bot, Grid Bot, and even Unlimited Smart Orders. It also supports exchanges on Livecoin, Coinex, Kraken, Binance, Bithumb, and many others. Its starting price is $24 a month, which isn’t very expensive.
Its premium plans give you active DCA and GRID bots, 15+ supported exchanges, and a fully automatic portfolio. For a price this low, I think that Bitsgap offers a lot for the potential user and is definitely worth checking out.
If you’re looking for an all-around crypto arbitrage bot, I think that Cryptohopper is a viable option. Besides, it offers a forever free plan but also a couple of premium plans that start at just $17 a month. Despite its affordability, Cryptohopper is no slouch.
It’s a cloud-based arbitrage bot that automates the entire trading process in a bid to maximize your revenue. From my tests, it does so efficiently, letting you exchange crypto with several bots, one of which is, of course, the reliable arbitrage trading bot.
However, unlike Pionex, Cryptohopper doesn’t support as many exchange platforms. To be precise, there are 9 of them, but crucial ones like Binance, Coinbase, Kraken, and a few others. On the good side, Cryptohopper can exchange close to 80 types of crypto – and Bitcoin, of course.
This allows you to diversify your portfolio and invest in a lot of currencies for higher potential earnings. However, bear in mind that crypto arbitrage is available in the premium plans only, starting with the so-called Adventurer plan.
It costs around $42 a month but offers 200 positions, portfolio management, and a scanning interval of 5 minutes. Even though it’s a bit more expensive (the Adventurer plan), it’s really feature-rich and offers all the functionalities for an advanced crypto trader.
Trality is an interesting crypto arbitrage bot with lots of useful functionalities. It’s easy to deploy and start using, and because it offers a free starting plan, you don’t have to spend any money to use it. However, in this case, your monthly trading volume will be limited to $5,000 – not bad!
The highlight of Trality is its customizability. It allows you to take advantage of pre-built trading templates but also uses a full-fledged code editor to set up custom templates. That, as you can guess, requires a lot of knowledge, but at least, it will be good for expert traders.
If coding isn’t your forte, Trality offers an intuitive drag-and-drop editor. Here, you can customize your trading strategy by choosing from dozens of them. Needless to say, arbitrage trading with Trality is excellent, although it supports only 4 trading exchanges – Kraken, Coinbase Pro, Binance, and Bitpanda.
Opting for its paid plans will give you more benefits. The cheapest plan starts at $9.99 a month, with unlimited backtests, a 60m tick interval, and a $25K trading volume. No doubt, Trality is one of the best options for arbitrage trading with no fees or hidden expenses.
And if you ask me, I recommend the aforementioned Knight plan at merely ten bucks a month. You really do get a LOT for the money!
Quadency offers a phenomenal crypto arbitrage bot that will boost your crypto earnings in no time. Whether you’re a beginner or an experienced user, Quadency has all the necessary tools for an efficient and profitable crypto exchange.
This means that there’s also a free plan which is actually the only plan you can get. Being 100% free, it’s refreshing to see low fees coupled with more than 1,500 crypto assets on the website. Automatic trades are supported here, and with the click of a mouse, you can apply the template you want.
Besides, Quadency offers types of bots such as Multi-level RSI, MACD, Accumulator, and many more. We should also mention tons of exchanges ranging from Binance US and Geminy to Bittrex, Poloniex, and Liquid.
Finally, we should mention its great desktop and mobile support. Unlike Coinrule, Quadencty offers apps for iOS and Android, which is always welcome if you’re serious about crypto trading. All in all, it’s a great crypto arbitrage bot that won’t leave you stranded, even though you’re paying exactly $0 for it.
Napbots is a crypto arbitrage bot that functions differently from the others. You see, this platform lets you copy the trades and trading tactics of other people and apply them to your portfolio. While crypto arbitrage in itself is a great earning tactic, you can amplify it by copying a trading strategy from someone more knowledgeable.
Once you earn more money and learn how arbitrage trading works, you can customize your tactics further to suit your needs. That’s possible thanks to its easy-to-use app that supports unlimited exchanges, no fees, and market leverage.
While it’s not free, you can get it at a very affordable price of $16 a month, where you get two months free for the annual plan. In this case, you get 24/7 arbitrage bot monitoring, the ability to create custom combinations, and a $1,000 investment capacity.
Arguably, it’s not the best option but for this price, I’m sure you’re going to enjoy it. We tested it numerous times with great results that beginner-level users will find satisfying. If you’re an advanced user, it’s much better to go with Coinrule or even Cryptohopper.
HaasBot or HaasOnline is an old-school arbitrage platform with probably the longest life span on the market. To our surprise, it still holds up today, with dozens of bots, trading templates, and lots of useful features.
People who use it find it very easy to enjoy arbitrage trading with minimal fees. On top of that, HaasBot can leverage the crypto market and platforms, which is accompanied by the ability to connect to multiple exchanges.
15 bots are present here, and apart from arbitrage trading, you can engage in paper trading, scalping, and other profitable tactics. Being a versatile platform, you’ll also receive indicators for trading, where HaasBot can automatically do the trading for you, according to the given opportunity.
Sadly, it’s not free, although there’s a 2-week trial for 0.001 BTC, which is around $32 at the time of writing this article. Alternatively, you can get its starter plan at 0.047 BTC, which is around $1,500 as we speak.
It’s definitely expensive but also very reliable if you’re looking to skyrocket your crypto profit.
So far, every trading bot we mentioned offered a diverse choice of trading tactics. Blackbird stands out from the crowd by being a pure crypto arbitrage bot – nothing more, nothing less. Arbitrage trading saw a massive popularity boost recently, so if you want to make it your primary strategy, Blackbird is for you.
However, keep in mind that Blackbird isn’t meant for beginners or people alike. It’s based on C++, so to use it properly, you need to have a bit of coding background. Moreover, the application is 100% free, and because it’s open-source, you can download it from Github.
Nevertheless, the app easily connects to exchanges like Kraken, GDAX, Bitstamp, Bitfinex, OKCoin, and many more. At the time of writing, Binance isn’t implemented yet, which isn’t great news but at least, Blackbird works well and makes good use of arbitrage trading.
Just know that you can use Blackbird only on PC and not on Android or iOS devices.
Botsfolio is a bit of a silly name for a crypto trading platform, but its performance is far from silly. For the start, it’s not free but its starting price of around $5 a month is really attractive. Unlike Blackbird, Botsfolio requires no special knowledge or coding experience.
It’s easy to set up and use, simply by choosing your trading strategy from a huge roster. Speaking of trading, Botsfolio arbitrage is excellent and trading can be done on Binance, Coinbase Pro, OKx, and a few other platforms through API keys.
Tactics include scalping, value investing, and even futures trading, to make your portfolio more versatile. What’s more, Botsfolio has a dedicated Telegram channel to which you can subscribe and gain useful insights regarding the crypto market from support and community.
The cheapest $5 plan limits your portfolio value to $3,000 a month. But, if you go for the most expensive one, which is $20 a month, you can earn up to $100,00 but there’s a 15% fee that Botsfolio charges quarterly on all your earnings.
2. What Is Crypto Arbitrage?
Crypto arbitrage trading is a simple trading strategy that turned out to be very beneficial for many users. Simply put, it involves buying crypto from one crypto exchange platform and selling it to another exchange platform for a higher price.
Essentially, you buy crypto for a lower price, sell it for a higher price, and earn money as a difference between the trades. This is possible because different exchanges offer different values for currencies. Let’s take Bitcoin as an example.
At the time of writing, BTC is around $31.850. Let’s say it’s the exact same value on GDAX, but on Kraken, it’s $32.000. In this case, crypto arbitrage trading means buying one BTC from GDAX and selling it on Kraken, earning $150 in the process – fees excluded.
At its core, crypto arbitrage trading is really simple, but it takes some time to get into. With experience, you’ll learn more tricks to be able to stay ahead of the market and make every trade at least a bit profitable.
Of course, if we’re talking about crypto arbitrage bots, you don’t have to be as vigilant as you would be doing arbitrage trading on your own. The best crypto arbitrage bots will do all the comparing and even automatically trade crypto on your behalf.
3. Is Crypto Arbitrage Safe? What Are Its Risks?
No form of crypto trading is safe and there are always potential risks. If you’re hell-bent on making arbitrage trading your primary source of revenue, you need to know a few things:
3.1 Watch Out for Identical Crypto Names
If you take a broader look at the crypto market, you’ll see thousands upon thousands of cryptocurrencies. Usually, every crypto has an abbreviation of 3 or 4 letters. For example, Bitcoin is also called BTC, Ethereum is ETH, and so on.
These 3 or 4 letters can be quite confusing, and since many cryptocurrencies have similar names, their abbreviations can also be similar. For instance, the abbreviation BTCH applies to both Bitcoin Scrypt and Bitcoin Silver, which are by no means the same things.
You can, for example, buy one crypto from a particular exchange, and accidentally sell it for identically-named crypto that isn’t as valuable or high in volumes. This can cost you a bit of money, but in the long run, you can lose a lot of your investments if you’re not vigilant.
Before engaging in crypto arbitrage, I strongly advise checking out each coin and reading more about their backgrounds. Also, make sure you compare the prices. Despite their differentiating values, they should still be very similar.
If you buy crypto, and on another exchange, it’s suspiciously valuable, chances are that it’s not the same one, so you should do a background check.
3.2 Beware of the Crypto Volume
The volume of tokens plays a huge role when investing your money. Cryptocurrencies aren’t infinite, so there’s always a particular number of them circulating on the market. As you probably know, there’s a limited amount of Bitcoin, so you can’t have millions of them – the same applies to other tokens.
Even if a particular trade seems lucrative, you should always check its volume. You can invest in a coin today, but in a day, week, month, or year, that coin could disappear because of its low volume.
Some of the delisted cryptos on particular exchanges include Bitradio (BRO), Dero (DERO), and PWRB (Powerbalt) but the list goes on and on.
Once again, if you’re into arbitrage trading and you have no experience, make sure you research the market well before making an investment. Doing so will lead to more efficient investing.
3.3 Avoid Fake & Over-Inflated Projects
People in this sphere know about a disgusting trend called Pump and Dump. When a particular developer comes up with new crypto, it can artificially inflate the price of the token, advertise it in a superior way, and spread false information to quickly gain popularity.
With this trick, the price of the token raises significantly, so traders need more money to purchase it. And, because they think it’s going to succeed, they invest a lot of money, only for the developer to take a large percentage of it in the end.
In this case, the developer profits, while the trader loses a lot of money. This is pretty typical for the newcomers who see a good opportunity, run for it and end up on the losing side. To avoid this mistake, make sure you research the developers, find who they are, and see if their token is actually used for something.
If you find anything even remotely suspicious, don’t invest in it.
3.4 Make Sure Trading Fees Are in Order
Trading fees tend to fluctuate on popular exchanges. Fees are mandatory on these platforms, as this is how they earn – when users exchange crypto on the site. Think of it as an exchange office in your city.
They also earn money by buying a particular currency for a low price and selling it for a higher price, where the revenue comes in the form of the difference between these prices.
Sometimes, the fees on crypto trades can skyrocket and increase drastically, making trading on some platforms non-profitable. This happened on Coinbase, for example, where users with a low volume suffered the most due to a 200% fee increase.
Before arbitrage trading on a particular exchange, go to its terms & conditions and check the part about fees. There, you should see how big they are for different currencies.
3.5 Have a Perfect Timing
Lastly, you need to have nearly perfect timing when engaging in arbitrage trading. Thousands of crypto are permeating the over-saturated market, and each of them fluctuates in value each second. At one point, crypto might hit an all-time high, and a minute or two after that, its price can drop significantly.
It’s up to you to make the investment at the right time to maximize your profits. At the beginning of arbitrage trading, it can be very difficult. But, once you get the gist of it and gain more experience, you should have no issues timing your investments and getting more out of them.
4. Can Crypto Arbitrage Bot Make Trading More Efficient?
Yes, it can, especially if you’re an inexperienced user. Crypto trading bots or arbitrage bots will help you do all your trading even when you’re asleep or offline. This is essential for not missing out on potential opportunities that can occur when you’re away from your computer or phone.
A good crypto arbitrage bot will work 24/7 and even do all your trading automatically, thus, allowing you to make revenue while doing something else. Remember that not all bots are great and some of them will have fees so large that it makes arbitrage trading not very profitable.
However, if you choose Pionex, Coinrule, or any other choice from the list, you can enjoy the best possible arbitrage trading experience.
5. How Profitable Is Crypto Arbitrage Trading?
Speaking of profits, crypto arbitrage trading can be quite profitable but not in the short run. To get the gist of it, you’ll surely need to lose some money and make some mistakes that aren’t going to increase your profit.
Learning more about different crypto takes time, and despite the easy concept of arbitrage trading, you need to know WHICH crypto to invest in. Depending on your investments, you can earn hundreds of dollars a month but more experienced users can make a living out of crypto arbitrage trading.
With everything said, you now know what are the best crypto arbitrage bots in 2023. Pionex is the best choice if you’re looking for an all-around solution that you can start using for free. While Coinrule is great for advanced users, you also might want to take a look at other interesting picks from the list.
Make sure you do thorough research before getting a crypto arbitrage bot. Not all of them are the same, and some of them might not offer all of the features you need. However, you can be sure that all presented crypto arbitrage bots are safe and secure, so you can enjoy trading with no security issues.
Now get back to the list, make your choice, and go make some profit from crypto!
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