Crypto Arbitrage Bot Script
What is arbitrage?
Arbitrage is the practise
of simultaneously buying a commodity (in this case a quantity of
cryptocurrency) for a lesser price from one exchange and then selling it at a
higher price on a different market.
What is a Crypto Arbitrage Bot
Script?
A Crypto arbitrage bot is programmed to analyse
different markets it is connected to and then chooses the cryptocurrency exchange that has the lowest price
for the cryptocurrency that it is configured to purchase and then goes ahead
with the purchase, simultaneously it identifies the exchange where the
cryptocurrencies are sold for a higher price as well and then places a sell
order there as well.
The cryptocurrency
arbitrage bot script allows anyone to start a cryptocurrency arbitrage bot
platform that lets users to sign up for the service and trade across different
exchanges that are compatible.
Why should anyone use the Crypto
Arbitrage Bot script?
While Cryptocurrency is
indeed booming, the prices at this stage keep fluctuating drastically and
sometimes, the best trading prices come up while you're asleep.
Across the markets, there
are people who sell the cryptocurrency at lower prices, you can take advantage
of that if only you were trading round the clock or had a Cryptocurrency
Arbitrage bot script that would systematically trade on your behalf, buying at
a market that is lower priced and selling at a higher price, continuously
making profit for you at all times.
How does the Crypto Arbitrage Bot
Script work?
STEP 1: A user who wishes to use
the cryptocurrency arbitrage bot would sign up on the platform, get the API
keys from the exchanges they have accounts on and then connect the exchanges to
the bot. You'll then have to set a parameters for the Bot to operate all from
the user panel. Each user would get to set these parameters according to their
trade volume and frequency.
STEP 2: The bot then starts
looking for trades with lower value to purchase and then when a suitable trade
is found it goes ahead and purchases it from the exchange.
STEP 3: The cryptocurrency is
stored in your wallet. Meanwhile, the bot compares other exchange to see if
there are anyone has opened a request to buy at a higher price from other
exchanges. The cryptocurrencies are sent to that exchange's wallet and based on
the parameters set by you, the bot then sells the cryptocurrency for the higher
price.
STEP 4: The funds collected are
sent to the respective wallets. (Crypto or fiat), the bot supports trading with
different currency pairs as well.
How does the admin make money with
the Crypto Arbitrage Bot script?
Membership Fee
You could charge a
membership fee for all the users and based on the volume of trade you could
even offer preferential membership rates for high volume traders on your
platform. A multi-tier membership fee would allow everyone to try out your
platform.
Trade
Success fee
For every successful
transaction, you could charge a transaction fee that you can levy on the user.
This would be additional revenue
Exchange Commission
Partnering with smaller
exchanges would help them and you as well. You can strike a deal where you could
get a small commission for every referral trade done. They would be happy to
pay you as well and could possibly work on bringing in more features together
with you.
Features of the Crypto Arbitrage
Bot Script
Admin Panel
Each and every feature and
functionality on the platform can be controlled through the admin panel. The
admin panel is your single point of contact to Analyze, make decisions and take
action.
Bot Customizer
The bot follows the
parameters set by the user for each set of trades under the trade campaigns.
SmartTrade algorithm
Our Trading algorithm is
unique and time tested that the bot is much more precise, swift and efficient
in making the trades than the other ones in the market.
Trade Campaigns
Set multiple trade
campaigns so they bot can have multiple trades at the same time or at a
specific schedule.
Trade View
Have a Birdseye view of
all the trades that are happening on the platform. The trading bot can take
care of all the
Switchlet
Switchlet displays the
exchanges that the user isn't on where potential high value trades are
happening at the moment. Recommending the users to sign up for it (Your
exchange partners and you make money).
Thanks for reading our Content. To
know more about our Services, kindly Visit our Website:
Crypto App Factory
101, Kumaran colony,
3rd street,
Vadapalani, Chennai
600026
+91 7397224461
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