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Economy => Service Discussion => Topic started by: tesco on December 01, 2020, 02:50:29 PM



Title: Best Bitcoin Arbitrage Tool 2020
Post by: tesco on December 01, 2020, 02:50:29 PM
The crypto market is on positive signals and there are many ways to help traders make a lot of money and the arbitrage tools will help you with that

Arbitrage is the purchase and sale of an coin or token in order to profit from a difference in the asset's price between markets. It is a trade that profits by exploiting the price differences of identical or similar token in different markets or in different pairs.

Below is a list of best crypto Arbitrage crypto tool:

#1 . Cfolo.com [ FREE]

https://i.imgur.com/H2ghOri.png

- Pros:

+ Free
+ various integrated exchanges
+ Easy to use
+ Easily find the best exchange for your chosen token pair
+ Easy profit calculator for calculating profit if you don't want to transfer coin too many times

- Cons:

+ There are no suggestions for the best pair. customers have to look based on the token they know
+ Only English supported





#2 bitsgap
https://i.imgur.com/Q2aA6Gi.png

- Pros:

+ There are other products to choose from besides Arbitrage
+ Can be traded directly to the exchanges


- Cons:

+ expensive monthly fees
+ Limited number of exchanges and trading pairs


If you know any other website please share in reply.


Title: Re: Best Bitcoin Arbitrage Tool 2020
Post by: examplens on December 02, 2020, 12:46:06 AM
good job OP. But...
the first thing I saw in the screenshots here, the value from the Yobit exchange is also taken into comparison. Livecoin, Hitbtc... Yes, that it makes sense. but it should be taken into account here that these are all high-risk exchanges.
Personally, I'd never sent a higher amount to these exchanges. There is no guarantee that you will get back your money or on time. Also, If I remember correctly, Hitbtc and Yobit have enormous withdraw fee. it will certainly take part in the potential profit so it is profitable only with a larger amount, which brings us to the beginning and high risk in working with these exchanges.


Title: Re: Best Bitcoin Arbitrage Tool 2020
Post by: tesco on December 02, 2020, 10:07:53 AM
good job OP. But...
the first thing I saw in the screenshots here, the value from the Yobit exchange is also taken into comparison. Livecoin, Hitbtc... Yes, that it makes sense. but it should be taken into account here that these are all high-risk exchanges.
Personally, I'd never sent a higher amount to these exchanges. There is no guarantee that you will get back your money or on time. Also, If I remember correctly, Hitbtc and Yobit have enormous withdraw fee. it will certainly take part in the potential profit so it is profitable only with a larger amount, which brings us to the beginning and high risk in working with these exchanges.

You are absolutely right. some of high risk exchanges should be list with caution.
From the left of result page in cfolo i saw they had warning but it will better if they ranking them follow list of high risk level.

https://i.imgur.com/3Z9ApSi.png



Title: Re: Best Bitcoin Arbitrage Tool 2020
Post by: tesco on December 02, 2020, 10:21:54 AM
Aside from they mention high-risk/shady exchange, looks like the tool doesn't consider withdrawal fee & trading volume (only warning message). Cryptocurrency pair on few exchange could have very low volume.

People also need to consider minimum confirmation (e.g. 6 minimum confirmation on Bitcoin roughly equal 1 hour).

Yes, there is no withdrawal fee considers in cfolo. this is one of their Cons.
with small sum of amount , it could make no profit due to of high withdraw fee.



Title: Re: Best Bitcoin Arbitrage Tool 2020
Post by: idaholic on December 02, 2020, 03:59:27 PM
This is what I need since I am having some doubts with Tirluu ? (Did I spell it correctly?).


Title: Re: Best Bitcoin Arbitrage Tool 2020
Post by: tesco on December 03, 2020, 09:28:38 AM
This is what I need since I am having some doubts with Tirluu ? (Did I spell it correctly?).

sorry, i am not sure about that  :)


Title: Re: Best Bitcoin Arbitrage Tool 2020
Post by: tesco on December 03, 2020, 09:29:55 AM
Helpfull post OP. Appreciate you taking the time to construct this.  :)

you are welcome !


Title: Re: Best Bitcoin Arbitrage Tool 2020
Post by: Slow death on December 03, 2020, 04:41:29 PM
quick question: have you tested these sites? in case your answer is "yes" I would like to know:

1 - what was the capital you used?

2 - what is your daily return?

until recently i tried  Arbitrage with an altcoin, but the withdrawn fee was high and days later the exchange deactivated the altcoin withdrawn. and from what i saw this problem of destabilizing the withdrawn of altcoins Is a big obstacle to do  Arbitrage


Title: Re: Best Bitcoin Arbitrage Tool 2020
Post by: joniboini on December 03, 2020, 05:31:20 PM
until recently i tried  Arbitrage with an altcoin, but the withdrawn fee was high and days later the exchange deactivated the altcoin withdrawn. and from what i saw this problem of destabilizing the withdrawn of altcoins Is a big obstacle to do  Arbitrage
What altcoin pair is that? The coin you choose probably has a low volume in most exchanges, and the platform no longer wants to list it, or there is an update of the chain and that means your timing is bad. Well, considering most arbitrage are dealing with coin with low/fluctuative trading volume I guess that's not surprising. If that's not the case, maybe you should find other exchanges to arbitrage.


Title: Re: Best Bitcoin Arbitrage Tool 2020
Post by: tesco on December 04, 2020, 11:01:58 AM
quick question: have you tested these sites? in case your answer is "yes" I would like to know:

1 - what was the capital you used?

2 - what is your daily return?

until recently i tried  Arbitrage with an altcoin, but the withdrawn fee was high and days later the exchange deactivated the altcoin withdrawn. and from what i saw this problem of destabilizing the withdrawn of altcoins Is a big obstacle to do  Arbitrage

Yes . cfolo.com (http://cfolo.com) is free and you just pop-in and search any pair you need
from my personal experience with them. i only choice trusted exchanges from their list

https://i.imgur.com/OCGIfzQ.png

you can select exchanges and it will show up profit . or you can use  "Revenue calculator" to find profit calculator


I also have to deducted withdraw fee from every time i do swap.

My advice : do not try with small amount because withdraw fee from exchanges could make no profit for swap.


Title: Re: Best Bitcoin Arbitrage Tool 2020
Post by: magneto on December 05, 2020, 09:30:30 AM
Quote
My advice : do not try with small amount because withdraw fee from exchanges could make no profit for swap.

Trying with big amounts is even more dangerous, especially when arbitrage opportunities usually arise from exchanges such as HitBTC, Yobit, etc. that hold ambiguous regulatory statuses and a history of less than reputable behaviour. You may be putting your capital at risk here even if on paper this trade is guaranteed profit.

And that is basically the flaw of all of these calculators - they don't take into account the fact that most of the times when these arb opportunities arise, it's because of inefficiencies (disabled/delayed withdrawals, for instance) that make prices inaccurate. It doesn't necessarily mean you can take advantage of it without risk.

Add a pricey monthly subscription... I'm not sure about that at all. At least sites like BitEdge push notifs for arbs for no cost.


Title: Re: Best Bitcoin Arbitrage Tool 2020
Post by: tesco on December 07, 2020, 09:40:12 AM
Quote
My advice : do not try with small amount because withdraw fee from exchanges could make no profit for swap.

Trying with big amounts is even more dangerous, especially when arbitrage opportunities usually arise from exchanges such as HitBTC, Yobit, etc. that hold ambiguous regulatory statuses and a history of less than reputable behaviour. You may be putting your capital at risk here even if on paper this trade is guaranteed profit.



yes we only should try with big amount with trusted exchanges to avoid any issue like this


Title: Re: Best Bitcoin Arbitrage Tool 2020
Post by: tesco on December 11, 2020, 10:43:44 AM
until recently i tried  Arbitrage with an altcoin, but the withdrawn fee was high and days later the exchange deactivated the altcoin withdrawn. and from what i saw this problem of destabilizing the withdrawn of altcoins Is a big obstacle to do  Arbitrage
What altcoin pair is that? The coin you choose probably has a low volume in most exchanges, and the platform no longer wants to list it, or there is an update of the chain and that means your timing is bad. Well, considering most arbitrage are dealing with coin with low/fluctuative trading volume I guess that's not surprising. If that's not the case, maybe you should find other exchanges to arbitrage.

you are right. we have to choice the best exchange base on their reputation in market


We are waiting for spark airdrop completed and good time to trade XRP  ;D
XPR Arbitrage result (https://www.cfolo.com/result#XRP_BTC)


Title: Re: Best Bitcoin Arbitrage Tool 2020
Post by: tesco on December 28, 2020, 05:13:16 PM
make some money from Cover today

thanks Cfolo

https://www.cfolo.com/result#COVER_ETH


Title: Re: Best Bitcoin Arbitrage Tool 2020
Post by: tesco on January 02, 2021, 04:22:40 PM
#dogecoin   ;D ;D
https://www.cfolo.com/result#DOGE_BTC