Arbitrage trading bot

[Beeblebrox4712]

Have you ever heard about arbitrage trading? It's the practice of taking advantage of a price difference between two or more market-places. The price for cryptos always differs a bit from marketplace to marketplace. Arbitrage trading means to buy at the market with a currently low price and immediately sell the bought coins at another market for a higher price. Usually the price difference is quite small and there are lots of trading bots which neutralize the differences in short time.

One of those bots is 'CryptoArbitrager'. I found a download link on twitter:
http://s000.tinyupload.com/?file_id=08516861293556159143

Does anyone have experience with arbitrage trading and knows, if it's a profitable alternative for usual trading?
Does anyone know the software and used it before?
Thanks!

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[Ranly123]

Have you ever heard about arbitrage trading? It's the practice of taking advantage of a price difference between two or more market-places. The price for cryptos always differs a bit from marketplace to marketplace. Arbitrage trading means to buy at the market with a currently low price and immediately sell the bought coins at another market for a higher price. Usually the price difference is quite small and there are lots of trading bots which neutralize the differences in short time.

One of those bots is 'CryptoArbitrager'. I found a download link on twitter:
http://s000.tinyupload.com/?file_id=08516861293556159143

Does anyone have experience with arbitrage trading and knows, if it's a profitable alternative for usual trading?
Does anyone know the software and used it before?
Thanks!

I have heard those arbitrage bot that you say. It's said that it will take advantage of the price on the market and also a promise of a guaranteed profit. Even with those flowery promises, I would still not take the risk to let a bot do the trading for me. So I am only trading with my own decisions and understanding on the market

[Renaldi blackspadeteam]

yeah, bot arbitration is a crypto trading bot from market to other markets, and this bot is not free, all you have to pay attention to is the shipping fee from the market to other markets, I personally use this strategy without help from bots because I think it can save costs and honing the ability to trade crypto on the market.

[alexyong342]

i've tried a couple of bots but not too impressive results, i guess once the algo has been figured out its sort of useless,

back to trading essentials and money management advice is best - https://www.altcoinsidekick.com/blog/the-hidden-hand

[Indrawan77]

I have never try arbitrage bot, but for trading bots I try it, and it didn't really impressive for me, the profit is also not too good, for arbitrage I usually do it manual, by searching the price from different apps and then go to the site to check the buy and sell volume, the speed transaction also one of the difficulty when doing arbitrage, and I doubt the bot could consider the speed transaction

[fasdorcas]

Honestly arbitrage is already a risky move as manually as possible and letting some trading bot doing the arbitrage for you seems like one of the biggest risks that could be taken in crypto markets where no one trusts each other. This might be a very good bot and could be doing amazing works but before thousands of people joining and doing there is no way of trusting and if thousands of people join in than the arbitrage opportunity wouldn't be there.

Thank god there are still low volume local websites that allows you to do arbitrage among the other local places where you can keep on sending money between them and make the difference but there needs to be a really big amount of difference to make the trade valuable, between the withdrawal fee's and the trading fee's you are looking at between 4-5% difference in price to make it worthwhile for you, on top of price changes killing your profits sometimes.