Website: https://cryptohelper.io | Email: info@cryptohelper.ioHello everyone,
I'm excited to show you my new arbitrage helper tool which finds arbitrage/orderbook opportunities faster than any other arbitrage helper before.
Video Walkthrough
https://www.youtube.com/watch?v=THTlHj6J5q8Guide
Must read this first before you use my toolhttps://docs.google.com/document/d/1acGPfh8wLpvBgDrWJOUvCnAeyaE2wc1bGvJCUgk3Lxs/edit?usp=sharingWhat is arbitrage?Arbitrage is finding inefficiencies between exchanges - essentially you'll find that sometimes exchanges will have people coins selling lower than another exchange is buying them for. Find this spread and take the profit!
You are free from market risk as you are only holding this coin to sell it as soon as you can afterwards.
What's the catch?Arbitrage itself is a simple concept but most larger pairs are crowded. This tool does support fiat currencies (so you can find LTC/USD, BTC/USD, etc.) but the real value lies in the smaller coins.
This tool can help you find arbitrage opportunities for any altcoin/BTC pair, so there are still untapped opportunities for arbitrage.
BETA: You can now check any altcoin/altcoin pair.
What does it do?My tool helps you cross reference any number of BTC or USD pairs with the supported exchanges. You can even subscribe to pairs so that you can leave the app open in the background, notifying you when a pair is found.
In fact, it determines the maximum amount of profit you can make by checking the volume of the orderbooks and simulating the actual buying and selling - giving you the exact amount you would make rather than simply calculating the difference in spreads.
With my algorithm it takes on average 6 seconds to cross reference over 80 exchanges, which is faster than any other competitor as far as I have seen.
Exchanges supported:
It supports both traditional arbitrage/orderbook styles of arbitrage.
The current price is $10 per day, $30 per week, $75 per month, and $750 per year in BTC. Register an account at https://cryptohelper.io/accounts/register and follow the instructions under Billing.FAQIsn't arbitrage really crowded?Don’t try to look for major pairs, like BTC/USD, or ETH/BTC, or LTC/BTC. These pairs are way too crowded for proper arbitrage. You’ll find a lot more opportunities with smaller altcoins, with less than 50 BTC 24H trading volume.
Does this tool account for fees?I currently have a disabled version of fee checking in - the problem is that for most of these exchanges your fee actually varies based on your trading volume. An easy workaround for this is to just set a base profit percentage - if I put 0.5% profit percentage you usually break even with fees, so you should just put something higher than that.
I’m worried that the prices will change when I transfer the coins.This is an inherent risk in arbitrage - to help mitigate this there are several ways you can give yourself some peace of mind.
Since we’re dealing with low volume altcoins here, most of the coins shouldn’t move that much before you transfer your portion over.
You can check confirmation times on most exchanges - for example Cryptopia shows you the number of confirmations needed here:
https://www.cryptopia.co.nz/CoinInfoYou can try other arbitrage techniques. If you’re able to short sell, you can buy an altcoin on the cheaper exchange and short sell on the higher one. You will make profits as the coin moves around. You can also try holding altcoins that you see frequent spreads at, then you buy and sell instantly from the two exchanges and rebalance later.
The profit and profit percentage don’t seem to match the spread!This is due to the fact that orderbook volume matters. I show you the highest bidding price and lowest asking price for your convenience - it’s not as simple as subtracting the two to determine your profit. The simple example you may consider: someone is selling 5 ETH for $10 and someone is buying 5 ETH for $20. Your profit here is as expected, $50 from 5 * ($20 - $10). However, this is pretty much never the case live.
In a live environment, you will have
someone selling 1 ETH for $10
someone selling 2 ETH for $11
someone selling 2 ETH for $12
And then on the other side,
someone buying 1 ETH for $15
someone buying 2 ETH for $14
someone buying 2 ETH for $13
Your true profit here is then
($15 + 2 * $14 + 2 * $13) - (1 * $10 + 2 * $11 + 2 * $12) = $13
Had you naively done the calculations, you may have concluded that your profit was
5 * ($15 - $10) = $25
Which is clearly not correct. My tool does all this calculation for you so you don’t need to worry about the accuracy of the profits.
Contact
I want to be transparent as possible about what the tool does, so you can reach me at
info@cryptohelper.io if interested.
Vouches (to be grown)Okay, so I did get a vouch from him, so here is my review: (quite delayed because I was busy recently)
The tool works very well, and should be just as he claimed. I tried a bunch of very "unknown" pairs and they worked. It's very easy to use, and the data is given in a nice table telling you the profit, volume and other useful information. There's also a nice feature that lets you not search on certain exchanges, which I really liked as there's some I wouldn't trust my money with.
There are plenty of arbitrage opportunities to be found, even with more popular coins with LTC and you could easily get your money back if you spend some time taking them.
PROS:
1. The tool worked well. In the sense the it effectively searched a lot and I mean a lot of exchanges. So many that I have never heard of some of them. Though usually arbitrage opportunities mostly came from cryptopia.nz and yolobit.
2. You can literally search any pair on this tool! ABC/BTC? XYZ/BTC? FCK/BTC? SHT/BTC? Yeah, name it! It can search every coin you know on so much exchanges.
3. It's fairly quick. Not instant, but hey, can you individually check every exchange you know in seconds by hand? If you did, for sure the arbitrage opportunity is already gone by the time you see one if you do it manually.
4. So much options. Want 10% profit per trade? Done. Want 0.01 Profit per trade? Done. Have only 1 BTC to use for trades? Done. Want 0.5 BTC per purchase? Done. It basically has what you need to properly filter out the results so that it will fit your parameters, trading style, budget, etc.
5. Shortcuts! Whenever there is an opportunity found, the tool lists it and gives you quick links to open the exchange where it was found and directly to that pair. So make sure you are logged-in in every exchange to speed up things!
5. Refresh button on each found opportunity. This will be your best friend after you found your opportunities.
CONS:
1. Some coin names inter-lap, causing problems in searches. Coins like REP will likely be a nightmare here. REP on poloniex is different from the REP on yobit. Searching this pair would result in 17,000% profits, just because they are two different coins in both exchange. I found some more of these, but I forget what they were.
2. No domain name. For such a wonderful tool, I am not even sure why the dev has not purchased a proper domain name.
3. No assurance it will last forever. Dev is new to forum, hence we don't know till when is the promise of forever if you buy this. Not saying he will run, because what is the point of running away if you are selling a service anyway? And hey, nothing last forever. Would say, that this is pretty solidly made.
4. Interface could be better. Those GUI freaks will likely hate this. But generally it does what it needs to do, so fuck GUI right?
Reminders:
These are not really cons, but somethings you should look out for when arbitraging or using this tool.
1. Needs plenty of dough. Well, this is inherent in all arbitrage, even in sports. You can do it on a low budget, but again it could eat up your profits.
2. Doesn't compute for fees. Well, there are plenty of fees whenever dealing with exchanges. If you are using a low budget, your profits might be eaten up by fees alone. For example, you want to arbitrage XRP. XRP requires 20 units to be stored in a new address then you have to pay for withdrawal fees. If you're dealing with small amounts, then say good bye to profits there. Just something to look out for. Check withdrawal fees for coins you will trade.
https://cryptohelper.io/tos/
