Topic: Is there any arbitrage platform or bot that is legit? +List of services (Read 698 times)

Hello everyone, i’m a professional forex trader. The core of my trading strategy is based on news trading and arbitrage. Especially for arbitrage i’m running very powerful software with a good % in monthly gain.
I’m looking for a crypto arbitrage software that is currently used by a “crypto expert”. I’ve found a lot of softwares and websites (like cryptohopper, bitsgap, koinknight, arbistar and many others) that can do something good but not what i’m looking for.
The software that the “crypto expert” is running:
-   Give you always control of your money (for me companies asking to send money or crypto = scam)
-   Make trades via api keys on your Binance account
-   Use always a stable coin base currency (USDT)
-   Trading is something like triangular (open trade in USDT, close trade in USDT, in the middle many pairs could be involved in arbitarge trading)
-   All trades are on a single exchange (like Binance), no classic arbitrage between different exchanges
-   Profit % is really high, i’ve seen something like 13-14% monthly on average
Obviously the crypto expert ask for a very heavy fees for trading customers account and i would like to know if someone had experience on a software like this.
Is it possible that is a commercial software? Or in your opinion is a self-developed solution?
Can someone help me to find more infos? Thank you in advance.

My mistake, I never replied to this! Sorry about that.

Coygo just helps you manage your exchange accounts so you don't send any money to Coygo, it will help you submit orders using your own accounts. Actually your API keys are only stored encrypted on your hard drive and all orders are submitted right from your machine, Coygo's servers never have access to your accounts.

As for not doing arbitrage manually we've recently added support for fully automated arbitrage bots that can find and react to spreads within milliseconds (my machine can do about 10ms but it depends on your hardware). We support inter-exchange arbitrage bots as well as intra-exchange triangular arbitrage bots. I've written more info on the bots here if you're interested https://www.coygo.app/blog/posts/crypto-trading-bots-with-coygo-terminal-simple-secure-and-fast/

Conducting arbitrage with cryptocurrency is actually quite simple. Here's a guide that walks you through the whole process.

You will need to install the libcurl library from the site as well as the libsodium library, though you don't need both.

Install Node.js

There are two ways to install Node.js:

Installing from source and installing the CLI (from the Download section of the website) Using the Node.js Express installation

Note: I don't personally recommend to install Node.js via the official release path as it seems to come pre-installed with the software that handles virtually all your dependencies.

I am always seeing people are looking for making use of arbitrage opportunities but one thing I could not understand that how a paid bot will be helping them in this regard. Because such arbitrage opportunities are short living when more people are trying to catch it; practically it will disappear quicker than usual.

I mean there cannot be any bot or groups to help you on spotting arbitrage trading opportunities. Because, these are the opportunities highly depending on time and number of active people are engaging. When more people are trying to make use of such opportunity, the gap in price levels may merge out quickly. So, try to find out such price gaps on your own bots and try to encash them as early as possible before someone make use of it.

Also, do not spend for any paid subscriptions which are dealing on helping you arbitrage opportunities; it is NOT same as a trading signal which can be useful all the people participating.

Hi Mario, thank you for your post about coygo. can you give mi more information about https://app.coygo.app/?
I have following questions.
1/ When started the platform in the current version?
2/ Is it possible to deposit some bitcoins in the platform /your company/ and to receive and reinvest or withdraw a daily profit without doing arbitrage manually.
3/ If "yes" how much is the minimum investment amount and how many % is the ROI daily /approximatelly/
4/ Do you offer different investment plans?
I expect your reply

Well this is a self-promotion so I apologize if it goes against any rules, but I'm the lead engineer on Coygo Terminal and we provide some seriously cool tooling for crypto arbitrage. You can monitor spreads in real-time, submit buy and sell orders in parallel, detect slippage before submitting orders, quickly transfer between exchanges, and lots of other stuff that makes arbitrage so much easier than trying to do it manually. See for yourself if you're interested: https://www.coygo.app/blog/posts/coygo-terminals-arbitrage-2-0-master-cryptocurrency-arbitrage/. I'm happy to answer any questions you've got about it, or just about crypto arbitrage in general

Arbitrage.export suxx big time it is just display of paths and spreads that are probably 75% not usable. It is almost ridiculous
 
So here are some examples: One - buy for btc on binance sell One on Huobi for btc – you can’t deposit One to huobi, and if you will try to withdraw it - it will be lost until they upgrade their network

Sell BCH for USDT on Huobi then Sell BCH for BTC on OKex buy ITC for btc OKex sell ITC for USDT on Huobi - You can’t deposit ITC to Huobi if you will try to deposit or withdraw it - it will be lost until they upgrade their network

 Buy xzc for usdt Huobi sell xzc for eth Binance sell eth for btc binance buy steem for btcf binance sell steem for usdt huobi : You can’t deposit STEEM to Huobi. As a matter of fact none of the irc20 tokens can be deposited to huobi right now.

 they show huge spreads on EOS and LSK between Yobit and others but:  You can’t deposit or withdraw EOS or LSK on Yobit they’ve been under maintenance for over 3 weeks now.

300% spread for FSN between okex and Huobi – you can't withdraw from okex and you can not deposit or withdraw from Huobi

200% spread on bloc between Okex and Kukoin  – you can’t deposit bloc to Okex


I also caught them displaying non existing pairs in their paths - like ZIP / BTC on okex does not exist but was shown a s part of the arbitrage chain with prices - which in its turn raises a question of accuracy of prices, pairs and spreads

I have an account with them for the last 2 months until now everything is good.
I also got a phone call from a guy, he did explain about the platform, showed me how it's working, very kind.
except that he explained me with the calculator they have on the website how much I can do if i invest a bit more and go with the referral program to go to higher level on the account.

To which service in particular are you refering as good?

I think hard selling from the staff over telephone is never the best sign, although the promised returns look amazing, but that might be another red flag. Also looking at the profit calculator I feel a  bit too reminded of the usual hyip to be honest. Have you tried them yourself?

Thanks for the input! Have you tried them yourself and what was your experience?

I coul not really find a red flag for both. The good/bad thing with foxtrading is,  that it is really only a bot, you hold your tokens still on the exchanges you wish to and from there the bot does the trades. It is a safe way but also not super convenient. But as I read the are going to implement a trading pool, that is a feature I like about the former mentioned arbidex.

Also Dropil looks ok, the only problem is, other than with foxtrading or arbidex you do not get the profit in btc/eth etc. but in their own token if you choose the totally automated option, they also have a bot similar to foxtrading but what I read in their telegram about performance does not sound so convincing. The thing with drop, their currency, is it looses and looses in worth almost all the time....

Be careful when conducting arbitrary trading, analysis and timeliness must be taken into account. btw this service is good even though i hesitate to try it. I will wait for some people to give their response about this.

The other day i signed up for a new arbitrage service called ArbiSmart with decent passive income plans and they actually called me on phone and encouraged me to invest, i am not 100% sure that they are legit or not but the staff member on phone tried to convince me in every possible way, when i asked about authenticity he said all kind of videos about how the trading takes place and arbitrage happens will be available soon also they will be launching complete platform with many great features and services soon, i have not still invested i want to first be sure of their authenticity before investing, you can also share your review if you have already invested with them.

I think some of the better and legit ones i know are foxtrading and dropil, you can check them out, research about them before investing, most of other arbitrage or auto trafing platforms look scammy to me but these two seem legit, i may be wrong but they do have comprehensive platforms and services which show that they are serious about the business.

Hey guys,

lately I get more and more interested in arbitrage opportunities in the crypto space and what algorithms and bots might potentially be able to do there.
Things I think can hardly be argued are: Aswell as arbitrage might be rather unrisky, you also need enormous sums to be profitable deducting fees,
also with other assets  high frequency trading is a huge plus, but even coins with super fast confirmation times like nano do not qualify for this.
Of course the last problem could be workedaround by having liquidy on many exchanges and then simultaneously selling and buying.

I would say, that it is pretty hard to calculate which trade is really profitable manually and also that an individual investor can hardly employ captial in an amount needed to really succeed in arbitrage,
or is here a trader making consinstet low risk profit with that? Anyway, I would also assume that arbitrage would be perfect for trading with algorithmy as they should be able to calculate in microseconds which trade is really profitable after deducting trading and transfer fees and also execude the trades automatically. Building on that assumption I started to reaserch projects promising that.

Here I want to share what I found and am keen on getting your ideas, inspirations and ideas!

• https://www.arbitao.com/de
  As promising and professional as it looked, following bitcointalk thread destroyed it totally in my opinion, as they even seemed to fake pictures in London:
  https://bitcointalksearch.org/topic/arbitao-is-100-a-scam-4486941
  
  
  
• https://www.arbitraging.co/
  This also looked not too shady for me, I just disliked the idea that I had to buy kind of "shares"of their bot to participate, also the roi seems super high with 0.5-1 % daily!
  Further reaserch brought me to blogs like the following how also have torn it pretty much to pieces, as they seemingly faked comercial certificates and tried to hide their location:
  https://medium.com/@0xf3d/dissecting-arbitraging-co-in-depth-youve-been-scammed-again-85458c78b640
  
  https://bitsgap.com/pricing/
  Is a platform not offering automated trading, but swt (single window trading), they promise to give you an oppurtunity to trade on different exchanges manually just on their platform,
  not a bad idea, but it was not so interesting for me, that I would have looked further into it. Has anybody made experiences with them?
  
  https://www.skyecrypto.com/
  Is a fund that looks kind of legit, at least it it was a scam it is super elaborate, one team member Christopher Jones even has yt videos of concerts with his violin quartet.
  On the other hand since a few days the site looks odd, might be just a problem with their front end and they have a ridicoulus minimal investment for retail investors, like most funds....
  
  https://www.arbitrage.expert/
  Pretty cool tool to show arbitrage opportunities on different exchanges, but in my opinion too much work and not profitable enough.
  
  
• I also found some other sites and services, but the only one with no tremendous investment sum requirred, or my mails unanswered for ever, or looking super scammy was Arbidex:
  https://arbidex.io/ref/cf64f801c63d82409060 (be aware it is an affiliate link)
  Well, to be honest, I also would not invest my life savings there, but the concept looked rather serious and even browsing the web for hours, I could not find a post/thread claming they would be a scam.
  For me until now everything worked, also the return of 2-7% a month might be douable but is still attractive.
  But I have to say that the withdrawal periods and moving coins into the auto arbitrage takes very long. They say 48 hours, but one time it have been more like 6 days,
  but after sending 2-3 mails to support, everything worked. Has anyone else experience with them or has info to support their legitness?
  

I would love to hear your opinions on the services or if you even know better ones that seem to be legit or even have your own arbitrage bot or earn money with manual arbitrage.
Good trades and investments everyone!