Would you like to make up to $500 a day in crypto? In this video, we'll share with you 3 crypto arbitrage bots that can help you achieve your financial goals. The best part? These bots are accessible worldwide, and the cherry on top is that you can start your crypto arbitrage journey on these platforms absolutely free of charge or with just a minimal investment of a few cents. To ensure you don't miss out on any valuable information, be sure to watch this video in its entirety. Prepare to unlock the potential of crypto arbitrage and take your earnings to new heights!
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Now, let's get started!
The first crypto arbitrage bot for passive income is Pionex. The ultimate platform for spot and futures margined trading, along with free bot trading. Pionex is a feature-packed cryptocurrency exchange that offers a wide range of functionalities, including algorithmic trading bots. What sets Pionex apart is the ability for customers to access 12 unique trading bots without any additional fees.
Among these bots, you'll find grid trading bots that capitalize on market volatility by buying low and selling high. The leveraged bot enables you to trade on margins of up to 3 times, multiplying your potential returns.
One standout bot is the spot futures arbitrage bot, which allows traders to profit from the differences between crypto spot prices and current futures market prices for a specific pair. Starting with as little as 15-50% APR, customers can engage in trading with this bot while minimizing risks.
This bot leverages the arbitrage opportunity that arises from traders paying each other a funding rate. By investing in perpetual futures and purchasing an equivalent amount in the spot market, accounts can hedge their total investment while still earning a funding rate through a short position.
Another powerful tool is the trailing sell bot, which enables you to set multiple trailing supports to limit potential losses. Once a profitable target is reached, the bot automatically executes the sell order. Dollar-cost averaging is also available, allowing you to set multiple buy orders that trigger when specified targets are met.
To start using the arbitrage trading bot on Pionex, follow some few steps:
First, Download and install the Pionex app, then open it.
Click on the arbitrage bot option and select the target coin and leverage. Access the list of available bots sorted by the current funding rate from the drop-down menu.
Fill in the desired amount and click on "Create Bot." Pionex will transfer some funds to the futures market and simultaneously open a position in the spot market, initiating the bot.
To shut down the bot, simply click the "Shut Down" button.
Noteworthy features of Pionex include its proprietary exchange, exclusive to the platform, and its user-friendly iOS and Android apps, which facilitate bot management and manual trading. Additionally, Pionex offers a web app for seamless accessibility.
Pionex's built-in cryptocurrency exchange provides various order types and the option for manual trading, all accompanied by low trading fees. Speaking of fees, the usage of the bots is entirely free, while maker and taker trading fees stand at a competitive 0.05%.
With Pionex, you gain access to a comprehensive suite of trading bots and advanced features, making it the go-to platform for spot and futures margined trading. Start maximizing your trading potential and explore the possibilities with Pionex today.
The next one is going to be Coinrule.
Coinrule is the ultimate platform for beginner bot traders seeking diverse strategy customization. It enables you to trade cryptocurrencies across the top 10 most renowned exchanges using arbitrage trading strategies, all without the need for coding. Whether you prefer pre-built rules or designing strategies from scratch, Coinrule has got you covered. You can kick start your trading journey within minutes of opening an account and even run demo trades with your strategies for free.
This Binance crypto arbitrage bot caters to both beginners and advanced traders, offering a user-friendly experience. Established in 2017, the Coinrule platform boasts over 150 template strategies to help you get started. After signing up and connecting to your preferred exchange, you can choose a template with modifiable strategies. These templates allow you to create new rules, including stop-losses, buying the dip, price-based accumulation, rebalancing, and more.
Here's how arbitrage trading works on Coinrule:
The first thing to do to get started is to sign up, log in, and connect the exchange of your choice to the bot.
Create your trading strategies by selecting parameters that align with your goals. Verify your strategy, and once you're satisfied, launch the bot to start trading.
Keep track of your trading histories and performance to evaluate your success.
Coinrule offers a range of features, including support for exchanges such as Bitfinex, Binance, BitMex, Bitpanda Pro, Bitstamp, Bittrex, Coinbase Pro, HitBTC, Kraken, Liquid, and Poloniex. Additionally, you can access Coinrule through iOS and Android mobile apps, as well as web access. The platform provides guides on using bots and general trading to assist you along the way.
Unlike Pionex, Coinrule works in a completely different way.
In terms of pricing, Coinrule offers various packages to suit different needs. The Starter plan is free and includes up to two rules. The Hobbyist package is priced at $29.99 per month or $359 annually, the Trader package at $59.99 per month or $719 annually, and the Pro package at $449.99 per month or $5,399 annually.
With Coinrule, beginner bot traders can unlock their trading potential and customize strategies to suit their preferences.
Now, Bitsgap is the ideal choice for both beginner and advanced users in the realm of Bitcoin and crypto arbitrage trading. This platform stands out as the best option for beginners, providing prepared and proven trading strategies to start trading without the need to purchase or devise strategies from scratch. Advanced traders can still utilize their own strategies if desired.
To execute trades, the user needs to have funds on the connected exchange. By clicking the "Trade" button, the Binance crypto arbitrage bot sends a buy limit order to the connected exchange and a sell order to a second exchange where an arbitrage opportunity is identified. The process can also work in reverse. Rebalancing involves manually transferring funds from the buying exchange (connected to the bot) to the selling exchange to cover the cryptocurrency purchased with fiat. Additionally, the money received from the arbitrage trade needs to be transferred to the bank account, which may take up to 5 days. Users can then transfer funds back to the buying exchange for further trades. Since 2017, a total of 3.7 million bots have been launched on Bitsgap.
Getting started here is just as easy as with the previous bots.
Sign up and log in to your account.
Access the "Bots" section by clicking or tapping (on the mobile app). Check the best opportunities already available on your account. These trading opportunities are based on three days of backtesting conducted by Bitsgap.
Additionally, you have the option to set up your own backtests.
Start the bot and track your profits.
Before investing real money and committing more time, you can also test the bot in demo mode.
Bitsgap offers an array of features, including support for over 25 crypto exchanges like Coinbase, Binance, Poloniex, Kraken, and Bitfinex. The platform can be accessed via iOS and Android apps, as well as web applications. It facilitates arbitrage with fiat pairs and provides the ability to track trading histories for all arbitrages. Demo or paper trading is available, allowing users to experience real live market exchanges. Additionally, Bitsgap offers other trading bots such as futures trading bots, DCA trading bots for hodlers, and grid bots. The platform encompasses automated portfolio management, smart algorithmic orders, over 175 TradingView indicators, cloud trading, and email and live support. Pre-defined strategies based on backtested results are provided, along with support for multiple trading pairs.
In terms of pricing, Bitsgap offers different packages. The starting cost is $24 or $29 per month, with options for a 6-month or one-month payment cycle. The Advanced package is priced at $57 per month, while the PRO package costs $123 per month.
And that's all for the bots in this video. The list of bots goes on and on. Let us know in the comments if you'd like to see more effective bots for generating passive income.
We hope we were able to provide some value and helped you to move a step ahead in your crypto journey Be sure to check out our Crypto Brand called Cryptopreneur, get yourself the highest quality Crypto Merch available right now on the market, and make sure to subscribe so that you don't miss out on any of our content. Till next time, Goodbye.