Top 6 CryptoCurrency Arbitrage Bots
Cryptocurrency exchanges are the convenient gateway to buying and selling bitcoin and other cryptos. As one would expect, these exchanges also create arbitrage opportunities. Taking advantage of these “gaps” between bitcoin prices can be quite difficult, especially when things need to be done manually. Thankfully, there are some bitcoin arbitrage bots which facilitate the process somewhat.
6. Crypto Arbitrage Trader
The Crypto Arbitrage Trader bot should not be confused with C.A.T, which is a closed-source paid trading bot for cryptocurrency users. Crypto Arbitrage Trader’s source code can be found on GitHub. The project was initially announced in 2013 and includes support for Coins-E, BTC-E, and Vircurex. However, no major updates have occurred over the past four years, and some users complained there are a few bugs in the code.
5. TAPIbot
This particular bitcoin arbitrage bot can be used for different purposes, although it appears only one exchange is supported at this time. BTC-E is a somewhat popular trading platform, yet there is not always an arbitrage opportunity to take advantage of. tAPIbot’s source code is available on GitHub, thus allowing experienced users to implement support for other exchanges if they feel the need to do so.
4. Bitcoin Dealer
Bitcoin Dealer is another bitcoin arbitrage bot that can only be used for one particular exchange. In this case, that exchange is Bitstamp, which is far more popular compared to BTC-E. Bitcoin Dealer can be found on GitHub as well, although it appears the bot has not received any major developer updates for quite some time now.
3. Bitcoin Arbitrage
It is not hard to see the similarities between Bitcoin Arbitrage and Bitcoin Dealer. However, when it comes to exchanges, Bitcoin Arbitrage is more flexible, with support for Bitstamp, Paymium, and Coinbase. Using multiple exchanges increases the odds of finding successful bitcoin arbitrage opportunities.
2. Gekko
We briefly touched upon Gekko in our top bitcoin trading bots article, yet it appears the bot also has some arbitrage features. It supports a wide range of exchanges, including Kraken, BTC-E, CEX, and Bitstamp. The entire project is open source and can be found on GitHub.
1. Blackbird
Blackbird is an open source bitcoin arbitrage bot written in the C++ language. What makes this project so appealing is how BlackBird supports multiple exchange platforms, including Bitfinex, OKCoin, Kraken, and Gemini. Blackbird is a very easy-to-use arbitrage bot, once everything has been set up. In fact, there are clear instructions on how to set everything up, which makes the bot quite approachable.
Have a good day! Thank you from @raviraj
Very interesting post. Thank you! I have always wondered about these bots. These pesky bots taking my manual arbitrage profits away! haha
I wonder how difficult they are to set up and operate. And what kind of capital is needed for them to be effective. I imagine that you could stick it on multiple pairings at the same time? Like say, GNT/BTC and AMP/BTC?
Informative post for sure!
Thanks bro!!!
Followed you...
http://Arbiswap.com is also a good one! its not a bot though but it finds arbitrage opportunities.
https://steemit.com/gifto/@fifelue/tips-be-a-millionaire-using-arbitrage
EtherDelta is a Goldmine, insane arbitrage opportunity https://steemit.com/gifto/@fifelue/tips-be-a-millionaire-using-arbitrage
Thanks for sharing... Love it.
Thanks @ca-life
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Thanks for taking the time to review these bots. Seems like you focused on open source bots. Can you comment on high performing proprietary arbitrage bots or platforms? Seems like there should be alot of big players in this space.
I wrote an article that explains the math involved in a simple way to arbitrage across cryptocurrency exchanges. Important to know what you are getting into so that you will not be trading at a loss. https://steemit.com/arbitrage/@kesor/the-math-behind-cross-exchange-arbitrage-trading
So I have come across a very nice website, which automatically trades for you. You make approximately1% a day. You can withdraw your earned money after you made 5$. And you can even withdraw your initial investment after 2 months. Of course, this can be a scam, so don't invest money that you aren't prepared to lose. I'm using this site for more than 1 month and I have made some good money. So if you are interested to check it out!
or check video
More details on : http://www.coinstic.com