Poloniex trading bot - Automated cryptocurrency trading on ...

r/IOTAmarkets

Welcome to IOTAmarkets! -- IOTA is a quantum-resistant distributed ledger protocol launched in 2015, focused on being useful for the emerging m2m economy of Internet-of-Things (IoT), data integrity, micro-/nano- payments, and anywhere else a scalable decentralized system is warranted. IOTA uniquely offers zero fees, no scaling limitations, and decentralized consensus where users are also validators. The digital currency 'iota' has a fixed money supply with zero inflationary cost.
[link]

Altcoin Bitcoin Trading Bot Work for Binance Bittrex Bitfinex Poloniex and so on

Altcoin Bitcoin Trading Bot Work for Binance Bittrex Bitfinex Poloniex and so on submitted by ososru to Bitcoin4free [link] [comments]

Altcoin Bitcoin Trading Bot Work for Binance Bittrex Bitfinex Poloniex and so on

Altcoin Bitcoin Trading Bot Work for Binance Bittrex Bitfinex Poloniex and so on submitted by Rufflenator to 3bitcoins [link] [comments]

5k satoshi or not worth the time

Ignoring things like the stability bot, the original verifund, and the coinomat debitcard.
This was shilled as spendable anywhere bitcoin is accepted.
ppl put money and coin into this shit on that understanding
"besides bitcoin, vericoin is the most spendable currency"
Turns out veribit was on par with bitconnect withdraws.
"buy the ghost town and sell the metropolis"
idk if you have looked at the vrc block explorer... nothing but 2s under txs
So here are some benchmarks I will be looking for...
I want to see the coin trading at 5000 satoshi. I don't care how it gets there. The value is WAY too low right now for a coin of this substance. I want to see people joining the Sub Reddit (www.reddit.com/vericoin) and posting there. I want to see people talking about VeriCoin in the Poloniex Chat box. I want to see people talking about VeriCoin on twitter. I want to see people writing articles about VeriCoin on blogs and news sites.
submitted by RugPullVeribitBuyCar to vericoin [link] [comments]

3commas crypto trading bot review 2020-The best crypto trading bot

3commas crypto trading bot review 2020-The best crypto trading bot
3commas crypto trading bot review 2020 is detailed and comprehensive review of 3commas trading bot, covering all its features and important topics

3commas crypto trading bot review 2020
LETS BEGIN
3Commas crypto trading bot provides access to a variety of trading tools to crypto trader to improve their crypto trading strategy. When used properly, these tools can maximize crypto trader profits and reduce your risk of loss.
3Commas crypto trading bot is best known for its trading bots. In this 3Commas review, we examine the features that make this platform so powerful.

Crypto trading bot

Crypto trading bot have received a lot of attention lately due to advances in their algorithm and growing success rate.
Nobody can watch the market around the clock, and the volatility of the crypto space makes it possible to take losses or miss opportunities in seconds.
Fortunately, a well-programmed crypto trading bot can take over the control while you sleep, eat, or do other activities
As a 3Commas user, you can copy the trading of other bots on 3 commas, automating trade orders, and track top portfolios.
With these handy protocols, you can pre-program your trading strategy based on loss and profit percentages, price points or a variety of other market conditions.
The 3Commas crypto trading bot has over 33,000 registered users with a daily trading volume of around $ 10 million.

3Commas pricing

The below image shows the 3Commas pricing in detail

3commas pricing

3Commas crypto trading bot feature

  • Automated trading around the clock: The main feature of 3Commas crypto trading bot is that you can automatically trade 24 hours a day, 7 days a week.
  • 23 supported exchanges: 3Commas supports 23 major cryptocurrency exchanges, including Binance, Bittrex, Coinbase Pro, BitMEX, Bitfinex, Poloniex, Bitstamp, Bybit, Cex, Kraken, KuCoin, OKex, Huobi, Exmo, Gate.io, HitBTC and YoBit (also) Binance DEX, Binance Jersey, Binance US).
  • Simultaneous Profit Taking and Stop Loss: Adjust trades with profit or stop loss commands to secure profits or minimize losses.
  • Trailing Take Profit and Stop Loss: Customize Stop Loss and commands with Trailing Take Profit and Stop Loss so that the limits automatically increase when a coin rises in price.
  • Sell ​​by multiple targets: You can Sell your coins by multiple targets.
  • TradingView signals and charts: With 3Commas you can display simultaneous exchange rate charts and TradingView signals in a single window.
  • Paper trading: 3Commas has a paper trading feature that allows you to fully test the platform's trading features before actual purchasing.
  • Simple and compound bots: 3Commas offers simple bots with which you can execute a trade pair and compound bots with which you can execute several trade pairs
  • Long algorithms and Short algorithms: 3Commas trading bot can use long or short algorithms. Using long algorithms, the bot buys a coin with the settings you have created and then lists orders for sale at a higher price. With 3Commas you can implement short algorithms. The bot sells a coin after you create settings and then places a purchase order at a lower price
  • Analyze and copy bots: 3Commas crypto trading bot can analyze performance and then view and copy other bot settings via 3Commas
  • Create and customize portfolios: With 3Commas you can create portfolios with any number of coins.

How to use 3commas crypto trading bot

Get started with 3Commas
Creating an account is a straightforward process. On the main page, at the top of the page, is the green "Create Account" tab.

  • Create an account
Visit the 3Commas trading bot website and enter an email address and password to register.
After confirming your account by clicking the link in the email you sent, you will have access to the dashboard.

https://preview.redd.it/wbnl0whxcfi41.png?width=800&format=png&auto=webp&s=37d2a6867ecdcc46351e5acf7db4747182d422c7
Sign up here

  • Choose the bot type
There are four types of trading bots: short, simple, composite and composite short bots. A simple 3 commas trading bot can trade only in one pair, while composite bot can trade on multiple pairs

  • Connect an Cryptocurrency Exchange:
Use your API key to connect your crypto exchange with 3commas
3commas crypto trading bot have different features for different crypto exchnage, see detail in image below

3commas bot review 2020

  • Choose a trading pair and set the base trading size
You can select the trading pair you want your crypto trading bot to trade from the drop-down menu, and then tell your crypto trading bot how much of your preferred currency you will use during your first trade

https://preview.redd.it/v14b6qdpdfi41.png?width=737&format=png&auto=webp&s=a53ae697a779597a4b2ab69412e39c3d8e5ef92a

  • Set target profit
Before you do this, you should set a safety size because you can do more controlled purchases after a dive. If a trading pair is selected by ETH / BTC and the price after the purchase of ETH falls below the original purchase price, you can use security transactions to buy more ETH with the BTC amount specified in the size of the security trade.

3commas crypto trading bot review
You can then set the target profit, which informs the crypto trading bot, in percentages, when to sell. If a target profit is set at 3%, the crypto trading bot will automatically execute a sell order as soon as this profit is realized

  • Select the type of profit taking
There are two take profit options that represent a percentage from base trading or a percentage from total volume

  • Set the maximum number of security transactions
This informs the 3commas crypto trading bota of how many security transactions it can perform before stopping, and the maximum number of active security transactions tells the merchant bot the number of active security transactions it can perform at any given time

https://preview.redd.it/0gye86zfffi41.png?width=739&format=png&auto=webp&s=37481a91f4006d2ca54e6bb5f47605452e50cd8e

  • Set the price variance to open security deals
This tells the 3commas crypto trading bot when to start executing security transactions and is set as a percentage. If set to 3, if the price of the selected currency falls 3% below the original trading price, the trading bot will start executing security transactions.

  • Set the trading start conditions
This informs the bot when the first trade should be completed and there is a choice between TradingView Signal Buy or Strong Buy, TradingView Signal Strong Buy, Manual or Open New Trade ASAP.

https://preview.redd.it/60xcqvusdfi41.png?width=730&format=png&auto=webp&s=97be8152c9129dc0260cca9d262986d0a502d3b5
If you follow these steps, a 3commas crypto trading bot can be configured in just a few minutes and the whole process is so simple that more beginners can successfully follow. The platform is still detailed enough to attract experienced traders as well.

How safe is 3Commas?

It should be noted that you actually do not have any money on the 3commas and your trading bots cannot withdraw from your linkedaccounts.
Like other trading bots, your 3commas crypto trading bot connect to your Exchange accounts via the API and then carryon automated trading on the exchanges you linked
These keys provide trading bots with limited access to user accounts to conduct trades only and do not grant bots any withdrawal rights.
This also means that if your account is compromised and nefarious actors could take control of your trading activities, they still cannot access your exchange accounts directly to make withdrawals.

Is 3Commas for beginners?

The platform is generally fairly easy to navigate even for new cryptocurrency trader, and the trading bots are easy to set up.
Various functions are easily accessible from your account. You can connect to an exchange at the push of a button and set up intelligent trades and bots.
The dashboard is also clear and users can quickly select their preferred tabs and functions from the side window.
In addition, features such as bot analysis, which lists the best performing bots and trading pairs as well as the market, are well executed and easy to understand. While the portfolio creation, tracking and social trading features are suitable for both new and experienced traders.

Conclusion

Most Crypto trading bot are difficult to use. However, 3Commas has created a trading bot that is easy to set up, customize, and easy to use.
It is also reliable compared to its lower quality competitors and is one of the best crypto trading bot
3Commas is considered the most reputable trading bot
The 3commas is completely transparent in terms of operation and location, and we know exactly who is running the company. We also appreciate 3Commas customer service, which is available 24/7 through several contact methods.
As mentioned above, there are inherent risks when trading cryptoassets. However, since many expect Bitcoin price to rise in the next few years due to halving under other driving factors it may make sense to start with a proven trading system like 3commas to see if You can earn more Bitcoin and see how the value increases in the future.
With features like portfolio creation and tracking, bot customization, best compatibility with cryptocurrency exchange and much more, 3Commas is one of the best trading bot platforms available today.
ViSIT 3commas Crypto Trading Bot
submitted by jakkkmotivator to thecryptobasic [link] [comments]

7 useful services for a novice cryptotrader

7 useful services for a novice cryptotrader


Cryptocurrencies became widely popular in 2017, which prompted developers to create useful services that help newcomers get used to the crypto market and facilitate cryptocurrency trading. Here is a list of 7 useful services for novice crypto traders.

Trade-mate.io

Automated trading service. The service allows you to trade cryptocurrencies on different exchanges via API in one convenient cabinet. Binance, BitMEX and Poloniex exchanges are currently available. The following features are available to users::
  • Smart Trade that supports trailing mechanisms. This function allows you to set trailing take-profits and stop-losses at the same time.
  • Autotrade - this function is used for copying trades of other traders and trading bots.
  • Panic sell button, which is used to quickly close all positions at the current market price.
Trade-Mate.ioallows you to track the dynamics of your cryptocurrency portfolio and displays detailed statistics on it.

Tradingview

The largest service that provides charts for large crypto exchanges and allows you to track the dynamics of cryptocurrency rates on multiple exchanges. TV charts contain a wide range of trading tools and settings for analyzing the crypto market.
On the site you can find a large number of forecasts for the crypto market, Analytics, expert advice, information on technical indicators, and more.

Bitcointalk

The largest forum about bitcoin and cryptocurrencies. It publishes up-to-date information on cryptocurrency services, exchanges, as well as announcements and reviews of recent projects that are released before they appear in the media.

Coindar

The service is a crypto calendar that provides an up-to-date list of events for all liquid cryptocurrencies. The list can be filtered by various parameters and cryptocurrencies. Coindar provides graphs that mark events, which allows you to analyze their impact on cryptocurrency prices.

CoinMarketCap

A service that displays the dynamics of the crypto market. The site provides information about the capitalization, the level of bitcoin dominance, trading volumes on the markets and price changes for different periods.
It is recommended to trade only those coins that are in the CMC list. Other coins are not of interest to traders and it is best to avoid them.

ICOBench

A large service that provides a list of popular ICO projects. The site provides an expert rating of the project and an analysis of its work, which allows you to track new promising cryptocurrencies that will soon enter the market, and buy them at a low price.

Forklog

A popular cryptocurrency news aggregator. The site constantly publishes current news of the cryptosphere, as well as a calendar with events, forecasts and training materials for beginners.
submitted by mrhadow to matetrade [link] [comments]

How to trade Dash

How to trade Dash
https://preview.redd.it/lh1jr6dxc7a41.png?width=1000&format=png&auto=webp&s=ac1529528dd21a9385326188a714dd8691e45dae
Dash is a cryptocurrency with a high degree of security and transactions privacy. The Dash digital transfer mechanism is based on the principle of shuffling transactions, which does not allow tracking of the sender and the recipient. To ensure security, the Dash Protocol uses 11 cryptography algorithms, thus the name X11 was formed. Previously, the cryptocurrency was called Darkcoin, which accurately characterizes its anonymity. In the Dash network, transactions are confirmed quickly - within a few seconds, and in addition to POW-mining, the masternode mechanism is used.

Strategies for Dash trading

The rate of cryptocurrency correlates with the rate of Bitcoin, which can be used in technical analysis. The fall or growth of the first cryptocurrency will transfer to altcoin. Watch for changes in bitcoin, which serves as an indicator for Dash.

https://preview.redd.it/mnsvsknzc7a41.png?width=697&format=png&auto=webp&s=8586fd21ab57bd4cd6a1f6275532c54e5ab076b9
Popular crypto exchanges for trading Dash are Binance and Poloniex, which you can connect to using the Trade-mate.io service for automatic trading. The service provides advanced charts for Tradingview technical analysis, Smart Trade function with trailing mechanisms and autotrade, which allows you to copy transactions of other traders and trading bots.
Fibonacci levels and trend oscillators are excellent for technical analysis, as illustrated by the chart below. Also watch the Volume indicator. Dash has a high volatility and allows you to earn on rate jumps in intraday trading. The volume indicator in combination with other classic indicators will provide fairly accurate signals for buying and selling this altcoin.

https://preview.redd.it/8hleg9n4d7a41.png?width=705&format=png&auto=webp&s=9e787e546d1bcc80a2c528bc4bf61d917fbd5fef

A little bit of inside

Dash is a major altcoin, so it attracts a lot of attention. Fundamental analysis will help determine the price trend, since the cryptocurrency is sensitive to news. Dash infrastructure is constantly expanding and new partners join it.
submitted by mrhadow to matetrade [link] [comments]

How to trade Ethereum

How to trade Ethereum

https://preview.redd.it/i6wrjvz5um541.png?width=1000&format=png&auto=webp&s=6334ee0ddb8be6c1219eea8a191780f5b1ca366e
Ethereum is the second largest cryptocurrency by capitalization after Bitcoin, founded in 2014 by Vitalik Buterin. The work of the ether is based on smart contracts technology, which was first implemented in this cryptocurrency. Smart contracts allow to conclude transactions between users without intermediaries, and the program code controls the fulfillment of the obligations of both parties.

Where you can trade Ethereum

Ethereum is traded on all cryptocurrency exchanges, as it is the main altcoin. The most popular trading platforms are Binance and BitMEX. To store ether, you need to have a wallet, such as MyEtherWallet. If you plan to trade, there is no need to buy cryptocurrency through exchangers, but you can buy it on the exchange directly - Binance added support for ruble and currency pairs, including ETH/RUB.

How to trade

The Ethereum price chart is represented by the Trading View resource, which is integrated into the Trade-mate.io service. In your account you can connect three exchanges Binance, BitMEX and Poloniex. In addition to advanced Tradingview charts service provides smart trade functionality with trailing stops and autotrade, allowing you to copy trades of other traders and trading bots.
The Ethereum volatility allows you to use any classic strategies inherited from Forex. If the foreign exchange market has long acquired immunity to technical analysis, the crypto market allows you to make a profit due to the immaturity of the industry. The most popular trading indicators are Bollinger Bands, Fibonacci Levels, RSI and others. A detailed description is easy to find on the Internet, but do not forget about the main rule - set up stop losses, because any cryptocurrency can collapse by 20% or more in a few hours. Trade-mate.io will help to extract the maximum profit, because smart trade allows you to automatically rearrange the stop loss as long as the price rises.

Little trick

Special attention is focused on Ether because of its popularity, so the coin is quite sensitive to news. Even rumors can lead to strong growth or collapse of this cryptocurrency. For example, fake information about the death of the founder of the project at the end of June led to a strong price collapse.

https://preview.redd.it/yx3yjqmcum541.png?width=762&format=png&auto=webp&s=39578308f01912d3b45df2e5dc13ec53f0c2e96a
submitted by mrhadow to matetrade [link] [comments]

Binance added Russian ruble support

Binance added Russian ruble support
https://preview.redd.it/im63di7rzm241.jpg?width=1000&format=pjpg&auto=webp&s=04c0f8adef5c25c5c1e864e414d014b3d3a02a7b
Binance is one of the largest crypto-exchanges in the world, which, thanks to innovative approaches, quickly took a leading position in the market. This year, the exchange launched margin trading with leverage and futures trading.
Now the Binance platform has launched a payment gateway that allows you to buy and sell cryptocurrencies for Russian rubles. The minimum purchase amount is only 1,000 rubles.
You can buy cryptocurrency in two ways:
  • Buy cryptocurrency using Simplex or Koinal wallet, paying for the transaction by Bank transfer via Visa or Mastercard. There is a 2.5% fee. The transfer may take up to 3 days.
  • You can replenish your Binance account through the AdvCash payment system and buy cryptocurrencies from the exchange's internal account. In this case, the funds arrive within a few minutes.
With the help of these wallets, you can withdraw rubles. Deposit and withdrawal using AdvCash is carried out without a fee. But that's not all. Now Binance supports other fiat currencies. You can also buy Bitcoin and altcoins for:
  • USD
  • EUR
  • CNY
  • TRY
  • UAH
  • KZT
  • NGN
  • INR
Trade-mate.io service provides automated trading on the Binance crypto exchange, as well as on Bitmex and Poloniex through the API. Traders can use trading signals provided by professionals, telegram channels or bots. For manual trading, the service provides an advanced Smart Trade function that supports trailing stop-loss and take-profit, due to which it is possible to maximize profit and reduce risks when trading cryptocurrencies.
submitted by mrhadow to matetrade [link] [comments]

What not to do when trading crypto

What not to do when trading crypto
What not to do when trading crypto
Beginners often make mistakes, as a result of which they quickly lose their funds. Let's analyze the most common mistakes that inexperienced traders make when trading cryptocurrencies.

Emotional trading

Crypto trading is a cold calculated process. All actions to buy/sell cryptocurrencies should be carefully analyzed and decisions should be made only on the basis of logic. Novice traders often succumb to the influence of FUD during the fall of the price, because of what as quickly as possible seek to get rid of the cryptocurrency, and FOMO, encouraging to buy an asset when it has already grown sufficiently.

Trading large amounts

To trade, you need to allocate a small part of the deposit - 5-10% and even less 1-2%, if you trade with leverage, which is not recommended for beginners anyway. The amount of funds allocated for the purchase of assets may vary depending on the risks: the higher the risk, the smaller the amount you should trade with accordingly.

Misunderstanding of the cryptocurrency market fundamentals

The crypto market is manipulated by large players due to its low liquidity. Whales use tricks to lure inexperienced players and make money on them. The most common scheme is Pump & Dump. Newcomers see a fast-growing asset and rush to buy it to get an easy profit. After that, the value of assets just falls as quickly, and "hamsters" lose their money.

Wrong risk management

Risk management is based on two key principles that are often neglected or misused by inexperienced crypto traders: averaging and diversification. Trading requires long and painstaking study as well as practice. Beginners tend to average to the last, despite the clear downward trend, and diversify too much, distributing the bulk of the funds among altcoins, which fall more rapidly when bitcoin falls. At the same time, they even forget to set stop losses. Trade-mate.ioservice offers tools that will help beginners reduce risks and trade more productively on the crypto market thanks to advanced trailing mechanisms. If you do not have enough experience, you can set up an auto trade on the signals of professional traders and bots on the exchanges Binance, Bitmex, and Poloniex.
submitted by TotalClub to matetrade [link] [comments]

Why the price needs to increase for XRP to succeed

The question "Why will the price of XRP increase?" gets asked repeatedly, so I thought I'd express my opinion and understanding of how the price will increase and needs to increase for XRP to be successful.
A common misunderstanding I see is that people are really caught up on market capital and use that calculation to determine how many XRP need to be purchased by banks and institutions to fulfill transactions. This leads to incorrect assumptions where someone says something like "If I want to send $1 billion dollars to another bank, then I need 1 billion XRP" (assuming XRP are worth $1 each). That is not how it works. 1 billion XRP is currently 2.6% of the entire circulating supply of XRP, if someone were to sell or buy 1 billion XRP right now, it would wreak havoc on the market and they could potentially not end up with anywhere close to $1 billion after selling 1 billion XRP.
Let's look at some smaller numbers on Poloniex's USDT/XRP pair to clarify this statement. As I write this, XRP is trading at 0.9 USDT (let's just assume that USD/USDT are currently 1:1 for this example as well, and all price figures I give are correct at the time of writing). If I want to send Dave's bank $1,000,000 right now, I will need to buy $1 million dollars worth of XRP. I can't just buy 1 million dollars at the lowest price, because on the order book that price of 0.9 is only for 6.12 XRP. The next sell order at 0.9014 dollars is 306.54 XRP. And that price keeps going up as you fill each sell order, because that's how order books work.
In order to buy $1 million worth of XRP, I need to scroll a long way down the sell orders until the sum of all the sell orders is $1 million. And conveniently enough, the point the sell order summed total exceeds $1 million is at the sell price of 1.000 USDT.
When I put in my $1 million dollar purchase, I do not end up with 1,111,111 XRP (1,000,000 / 0.9). I'll end up with somewhere in the region of 1.07 million XRP. As you fill each sell order, it pushes the price up so your average buy in will be somewhere in the region of 0.93 based on Poloniex's current order book.
But what's now happened? I've consumed every sell order up to the 1.000 USDT mark. I'm now technically sat on 1.07 million XRP valued at $1 each according to the market capital calculation. My $1 million dollar purchase is now magically worth $1.07 million dollars? I just made $70,000 by doing nothing! Or did I? Of course I haven't, because the exact same process works in reverse for buy orders.
Something else to bear in mind with this scenario is that bots and traders will see the massive purchase and then start buying in themselves as they think that something important is happening. I.e. FOMO by traders/speculators, or automated responses from bots.
When Dave's bank receives my 1.07 million XRP, he then has to sell them to get his dollars I promised him. So now the exact same process happens in reverse. As he sells his XRP, it drives down the buy price. Now hopefully he'll end up with $1 million at the end of it. But if bots/traders see 1 million XRP being dumped, then it could push the price down as people panic (in exactly the same way that buying 1 million dollars worth of XRP would cause FOMO).
So why does the price of XRP need to be high? It needs to be high to avoid this scenario occurring. I'm just going to use the following figures as examples, they're not in any way price predictions:
Imagine now that each XRP is worth $100 each. To send the same dollar value, I now need to buy significantly less XRP than I did previously. Let's pretend that ends up as 10,000 XRP exactly (I know it won't as per my previous examples). 10,000 XRP is only 0.00001% of the total XRP in existence. So this means that less sell orders get consumed and the price does not jump as much.
JoelKatz used a similar example for buying a house with Bitcoin back when it was worth $10 each vs what it is today. If you read that whole twitter conversation, he basically explains this much better than I could anyway.
Now XRapid already solves this problem somewhat as it locks in the sell and buy orders to avoid these spikes, but it still needs the liquidity. As far as my understanding goes, if Bank of Steve wants to send $1 billion to Bank of Dave today, then there's just not enough liquidity in the market for XRapid to find the XRP for that transaction. That is why the price needs to and will go up for XRP to succeed and to be used by banks. The price will go up as it gets used by more and more institutions all competing for the same resource (XRP).
Anyway, that's how I understand things. Feel free to please point out any inaccuracies or debate my comments. At the end of the day, we're (mostly) all here because we believe XRP has a bright future. I've been holding since September 2016 and invested back then because of my assumptions above (albeit there was no xRapid back then, but the use case of cross border payments was still the same).
EDIT: Typos and reformed introduction.
EDIT2: Changing link around as the mobile app appears to be picking up the twitter URL and using David's face as the post image.
submitted by ddkdgd to Ripple [link] [comments]

Understanding the basics of intra-exchange arbitrage

Understanding the basics of intra-exchange arbitrage
🔵Understanding the basics of intra-exchange arbitrage
The work on the OneExBit arbitrage bot is almost finished, and naturally we are getting lots of questions from the community. In particular, many users ask if our bot will search for arbitrage opportunities across different exchanges (inter-exchange) or within one exchange (intra-exchange). In this post, we'll try to give a detailed answer.
The first edition of our bot will search for intra-exchange windows – support for interexchange arbitrage will be added later on. At first, you'll be able to use the bot with Bitfinex and Binance; in the next few months, it will become possible to search for opportunities on all the exchanges integrated into the OneExBit terminal, such as Poloniex, HitBTC, BitMex, and so forth.
🔵Why traditional arbitrage can be risky
Most users who are familiar with arbitrage trading don't even realize that there are two types of arbitrage. The one we are most used to is inter-exchange – that is, searching for price differences for the same asset across different exchanges. However, this type of arbitrage has a serious problem: once you find a good window and purchase an asset on exchange A at a lower price, you have to withdraw it, send it to exchange B and then sell it there, potentially withdrawing the proceeds after that. This creates two risks:
a) withdrawing asset A, you can incur significant fees, which will eat up part of your profit from the arbitrage deal;
b) sending the asset from one exchange to another will take time – sometimes minutes (which is a lot of time in crypto trading). While you wait for the asset to be deposited in your account, the arbitrage window can close. It can happen because other arbitrage traders will notice the window and rush in; or because the exchange itself will eliminate it.
These risks can be mitigated by looking for price differences within the same exchange – it is called intra-exchange, or triangular arbitrage.
🔵What is intra-exchange arbitrage, anyway?
This type of arbitrage is called triangular because you need to perform trades with three different assets. The key fact to understand is that relative prices for several assets on the same exchange are not exactly proportionate to each other – there are often large spreads. For example, imagine that at a certain exchange 1 Bitcoin is traded for $9500 and at the same time for 1 BTC you can get 43 ETH. So what would be the price of ETH in US dollars? Someone who has studied math at school (but not trading) would think that it's enough to divide by 9500 by 43 – you'd get $221 for one ETH. However, that's now how crypto trading works. Since the market is inefficient, relative price changes don't spread instantly, especially when volatility is high. So, it's quite possible that the ETH/USD price is $230, for example. How can you profit from this difference?
Step 1. Buy 1 BTC for $9500.
Step 2. Exchange your 1 BTC for 43 ETH.
Step 3. Sell your ETH for USD and get 43*230=9890
You started with $9500 and ended up with $9890 – not bad! Of course, this is an idealized example; in reality there are also the fees to consider. If the fee is 0.2%, for instance, you'd pay circa $40 in fees for the two trades. Still, you'd get a net profit of $350.
The art of intra-exchange arbitrage is finding price windows with spreads large enough to cover all the fees and still leave you with a good profit. That's exactly what the OneExBit bot will do. Triangular arbitrage is a great tool in times of volatility, because resulting spreads are larger.
💥Follow our updates and don't miss the launch of the bot!
We are created for your profit
❤️ Onex Team
https://preview.redd.it/0qkwevnao6c31.jpg?width=6016&format=pjpg&auto=webp&s=020955bb403a5853b95db3729b05692a8d158382
🔹Website: https://oneexbit.com
submitted by smmoneexbit to u/smmoneexbit [link] [comments]

I built an arbitrage system that finds arbitrage opportunities between cryptocurrency exchanges

It took me about 6 months of coding to get where I am now and I'm letting cryptocurrency try it out for free. This is literally the first time I am posting about it to see how people would react to such a system. Currently it is able to find arbitrage opportunities between Binance, Bittrex, Cryptopia, Bitfinex, YoBit, HitBTC, Kraken and Poloniex with many more to come.
It is not like the average arbitrage bots you see mine works by calculating the profit you will make buying on one exchange and selling it on another. It is able to detect which exchanges are doing maintenance on wallets so you dont waste time with false arbitrage opps.
It was able to find a 17% arbitrage opp on Game Credits and I was able to make 15% by purchasing it on Bittrex and selling it on Poloniex 2 days ago. It took me about 7 minutes transfer time. I was also able to buy Bitcoin Gold from Binance and transfer it to Bittrex and sell it for a 20% profit which took me around 30 minutes.
My system is designed to eliminate trading risk by keeping your money out of the market as much as possibles. The purpose is to detect when there is a large price gap between exchanges and capitalize off of it which means get in and get out as fast a you can. The only risk becomes the time it takes to transfer from one exchange to another but the ERC20 tokens transfer pretty fast so it works well with most digital currencies. Also have to be aware of the volume in relation to how much you money you trade with.
I would like to see how many people were able to successfully profit from arbitrage also who would be interested in such a system.
Here is an image of how the system displays the arbitrage opps https://ibb.co/iBWafx and the system can be accessed at Arbiswap.com
----------------------------TRY IT OUT---------------------------------------------------
ATTENTION!!!
Some hater keeps changing the password so I cannot make a test account anymore so it is best everyone create a free trial account and I will make it so the system can be accessed by everyone here at crytocurrency.
It is free to start the trial and will expire in 14 days so make use of it and see if you can find any deals with my system. I suggest you only do ones of 9% or more. Login here http://arbiswap.com/cryptocurrency-arbitrage/ Dont forget to cancel before 2 weeks ends if my system sucks for you.
Keep in mind the system works but you have to be on at the right time to find deals and it updates every 15 minutes. Right now I am working on an alert system which will alert you of the most promising arbitrage opps 9% profit or more on high volume exchanges. Thanks for the amazing feedback I am building this for you guys and it will be limited memberships so work with me and I will with you.
Update: Thank everyone for the support...Email alerts are now active to subscribed members... it checks exchanges every 5 minutes for possible arbitrage opps and when it finds one you will be notified. Anyone can see past alerts on site but they are delayed 3 hours.
Update: here is a medium article I published to try and explain more details about how the system works https://medium.com/@chasarcaulon/presenting-arbiswap-crytocurrency-arbitrage-platform-4dd12b99fd36
submitted by wealthjustin to CryptoCurrency [link] [comments]

Bitcoin Cash: A Reflection on How Far We’ve Come

On August 1, Bitcoin resumed its original roadmap, scaling on-chain towards global adoption as Peer-to-Peer Electronic Cash.
It’s been just 3 and a half months since Bitcoin Cash broke away from BTC in order avoid a software mutation called Segwit, and to restore progress and growth to the ecosystem.
After a recent price rally that saw us reach 0.5 BTC ($3000), the reality is setting in that an overnight ‘flippening’ scenario that some people hoped for is unlikely, and that we have a longer road ahead.
It’s really important to remember how much has been achieved in such a short time.
Let’s take a moment to reflect on how far we’ve come as a young community.
July:
August:
September:
October:
November:
This rate and scale of industry adoption is unprecedented.
With every BTC holder receiving an equal amount of Bitcoin Cash, and with the price over $1300, the rate and scale of user adoption is unprecedented.
With fast, reliable transactions and fees that are less than 1 cent, and with both BitPay & Coinbase hinting at a full Bitcoin Cash integration, the rate and scale of merchant adoption will be unprecedented.
With unprecedented industry, user and merchant adoption, it’s only a matter of time until Bitcoin Cash becomes the default medium of exchange and store of value cryptocurrency.
The old Bitcoin is back. You can feel it. It’s the resurgence of a grassroots movement not seen for years. People are putting Bitcoin Cash posters in the streets, handing out leaflets, tipping strangers a few dollars online, and asking in forums how they can contribute to the community.
Just in the last couple of days a ‘Bitcoin Cash Fund’ was established, to assist with marketing and projects. The initial goal was $200 to make a short animated advert, but over $17,000 has been donated already. All of this positivity and energy is inspiring.
While businesses are being forced to abandon BTC due to exorbitant and skyrocketing fees (upwards of $10), they’re being cheered on every day as they embrace Bitcoin Cash.
The original vision is still alive. As an early bitcoiner, I’ve never been more optimistic.
Make sure you involve yourself in the community, we’re just getting started :)
Reddit: BTC or BitcoinCash
Twitter: twitter.com/BITCOINCASH
Website: bitcoincash.org
Dev: Mailing List
Also posted on Yours: Bitcoin Cash: A Reflection on How Far We’ve Come
submitted by cryptomic to btc [link] [comments]

Best Crypto Trading Bots 2019

Best Crypto Trading Bots 2019
WolfpackBOT - The World's Fastest Crypto Trading Bot

https://preview.redd.it/s5j8hgsgsi131.png?width=799&format=png&auto=webp&s=e0e5597fa32aa74f78fcfbb5cc08d143f8b8ca3b
There are basically two different ways you can make mazuma from digital currencies. You can purchase a couple of coins currently, hold them for an extensive period and offer them after the esteem has risen significantly or you can get started with exchanging digital forms of money, here once more, you can exchange physically or run with the best crypto exchanging bots. While holding cryptographic money for a more drawn out term has turned out to be fulfilling, it takes a bounty of time and tolerance for you to optically observe the estimation of your speculation increase.If you are somebody, who does not have the persistence to hang tight for so long, at that point digital currency trading provides you with the immaculate chance to make some mazuma. Numerous prosperous digital currency dealers do recommend you purchase low and sell high. In any case, this is easier verbalized than done.
Digital currencies have been cosmically unpredictable since the earliest reference point. They are the main tradable resources whose esteem shifts in twofold digit rates every day. The cost does not generally go up either. Along these lines, timing the market is the way to turning into a prosperous cryptographic money merchant.
Exchanging digital money isn't any advanced science. All you require is a record on a digital money trade and some cryptographic money in your wallet. This would have been the situation, had you started exchanging these computerized resources route in 2010.
Presently, on the off chance that you try to put in any limitation request on any famous cryptographic money trade, you will outwardly see another application set appropriate above you're, putting forth a superior arrangement. Hence, you are constrained to put orders at market esteem.
The way that a superior offer quickly negated your offer does not assign that somebody is continually crushing before the PC. You just set off crypto exchanging bot when you submitted your request. The best bitcoin exchanging bots have surmounted the whole cryptographic money exchanging biological system, and this is primarily because of the way that they are more effective than people, particularly when it comes down to exchanging.
Presently that you ken that bots have surmounted the crypto exchanging market, you more likely than not understood as of now that the chances of making mazuma when piled facing a great many bots are cosmically svelte.
You could ace all the distinctive specialized investigation strategies and exceed the bots. In any case, in addition to the fact that this is tedious withal very tedious. So instead of investing more energy finding out about the specialized investigation, you can set up the crypto exchanging bots all alone. By the end of this article, not exclusively will you ken probably the most profitably rewarding cryptographic money exchanging bots out there, yet moreover will be enabled with the intelligence of winnowing your very own exchanging bot later on.
Variables to Look for When Culling the Best Crypto Trading Bots
  1. Dependability
A standout amongst the most vital viewpoints to consider is the dependability of an exchanging bot. You would not operate to lose on a brilliant open door because your crypto bot went disconnected or stopped working for quite a while.
You may contend that there is no real way to make sure about the dependability of a specific exchanging bot. Notwithstanding, you aren't the just a single using a bot. Scan for what alternate clients who have used a particular bot need to verbally express about its consistent quality or basically allude to our rundown of the best bitcoin exchanging bots underneath.
  1. Security
With regards to cryptographic forms of money, you can't inculpate anybody yet yourself if there should be an occurrence of a hack. When you initiate using an exchanging bot, you are giving the bot access to your mazuma. This can be very jeopardous, particularly if the exchanging bot is beginning in the field.
There is no telling how secure a specific bot is. In this way, while separating an exchanging bot, complete quintessential research and winnow a bot that has been broadly extolled for its security.
  1. Productivity
Everything comes down to this fundamental part. Is the bot profitably worthwhile or not? An inquiry for which it is elusive an answer. The primary reason you chose to run with an exchanging bot is to benefit over its exchanging ability. There is no influential pertinence in using a bot that isn't profitably rewarding. In this way, discover the productivity of a bot up to you put both your time and mazuma into it.
  1. Straightforwardness
The fundamental motivation behind why digital currency rose to acclaim is that the entire system is plenarily straightforward. There is the wrong spot for any injustice. The equivalent ought average even from the exchanging bot that you choose to run with.
Attempt to winnow a bot whose engineers are unmistakable for their work in the network. Straightforwardness benefits to fabricate trust as well as also profits you to connect with the ideal individuals to adjust any issue.
  1. Simplicity of profit
The entire cogency of running with a robotized bitcoin exchanging is to make the whole procedure of transferring cryptographic forms of money simple for everybody. A bot which accompanies a simple to use interface is the one that is exceptionally well known. Having the capacity to control the bots with only a couple of snaps of the mouse is something you should pay individual mind to, in the bot that you choose to use.
Considering every one of the variables we have arranged a rundown of the best ten digital currency exchanging bots in 2019, the review will be unendingly refreshed with the goal that data remains apropos.
Top 10 Best Crypto Trading Bots in 2019
  1. Cryptohopper
This may be a new bot in the crypto exchanging market. In any case, this newcomer has figured out how to blow some people's minds because of the comprehensive exhibit of highlights that this bot gives. One of the defeats of most exchanging bots is that they kept running on your neighborhood machine. This betokens they run just when you have turned on your PC.
With the lift in enthusiasm for cloud-predicated advancements, Cryptohopper uses cloud innovation to keep the bot running day in and day out. By running the bot on a cloud, clients will most likely put in exchange requests notwithstanding amid the night. In this manner, no open door is missed.
Another critical reason that prompted the lift in the notoriety of Cryptohopper is its simplicity of usage, particularly for the tyro. The bot has incorporated with an outside exchanging signaller. This assigns anybody can initiate using this bot by running it on autopilot. This is a help to the nascent dealers, who need not stress over setting exchanging signals for their bot. The bot withal gives progressively experienced clients a chance to mess around and set their own exchanging signals. Along these lines, it is satisfying the desiderata of both. Aside from this, the bot is incidentally outfitted with highlights, for example, trailing stops, specialized examination, formats, and backtesting. Formats benefit you to design a nascent setting for your bot quickly, and specialized investigation sanctions you to redo and arrange your own settings.
Like every extraordinary thing, the crypto container comes with a sticker price fastened to it. The cost starts from $19 every month for the fundamental arrangement and goes up to $99 per month if you operate their most extravagant arrangement. When you buy into any of the organizations, you can start using the bot on prominent trades like Binance, Huboi, Kucoin, Bittrex, Coinbase, Poloniex, Kraken, Cryptopia, and Bitfinex. On the off chance that you are slanted to spend the additional buck on an exchanging bot, at that point Cryptohopper is an extraordinary separate.
  1. 3Commas
Even though 3Commas bot is nascent to the exchanging bot scene, it could give its clients huge increases, notwithstanding amid the crypto bear showcase.
The new element that dissevers this bot from other bots is its workforce to trail any crypto advertise. This authorizes the bot to close the exchange at the most profitably excellent position, yet the objective addition set by the utilizer had just been come to. This element benefits enormously amid the crypto bull run. Additionally, the bot adventitiously endorses clients to exchange numerous cryptographic forms of money simultaneously. In this manner, it is not passing up any great exchanging opportunity that goes along the way. The bot is set up on the cloud and is available through the site. This betokens the bot runs 24X7. The bot can be designed with Binance and Bittrex at this moment and increasingly legitimate trades, for example, BitFinex, Poloniex, KuCoin, and so forth will be coordinated anon.
The 3Commas comes with a sticker price appended to it. The starter plan will cost you $24, and the most luxurious genius pack would set you back by $82. On the off chance that you operate to give crypto bot exchanging a go, at that point, you could use the 3Commas starter plan and later peregrinate to the more rich schemes.
  1. Gunbot
This is another mainstream exchanging bot with more than 6000 dynamic merchants using its lodging on a quotidian substructure. Good with a few exchanging stages including Binance and GDAX, it very well may be kept running on your nearby PC. This can keep running on Windows, Linus, and the Mac stages, so running on your neighborhood machine would not be a bind.
The bot has 32 diverse pre-arranged exchanging systems which give clients a wide cluster of choices to induce some automated revenue. Among these techniques, the three most well-known ones are the Bollinger band, step addition, and ping pong. Numerous clients have detailed having made a bounty of benefits with the BB procedures. Gunbot isn't in freedom to use and accompanies a one-time level rate running from 0.1BTC to 0.3BTC, contingent upon the highlights that you would savor to optically observe in the bot. Aside from this, the bot supplementally comes as a Lite rendition that has encircled highlights yet can be habituated to test around with the lesser measure of mazuma.
The post-buy support given by the organization is truly surprising. Clients get their issues settled in less than multi-day. The main pickle with regards to this bot is that you ought to in every case reliably outwardly look at the present market state. If the instability of the crypto advertise is high, at that point you ought to most likely turn the bot off to shun any misfortune
  1. Gekko
This is the most diverse digital money exchanging bot in subsistence at present. For any individual who needs to gain proficiency with some things about exchanging bots and not spend any mazuma getting one, at that point Gekko is the bot for you. The Gekko trading bot is an open source bitcoin exchanging bot venture that is accessible for anybody to use for nothing. The way that it is in freedom to use is the fundamental purpose behind its wide prevalence. Like some other open-source ventures, Gekko is free of for all intents and purposes all bugs and even the ones the pop are fixed up at lightning speeds. The Gekko bot can collaborate with a few trades, including Bitfinex, Polonix, and BitStamp. The bot uses a web interface to associate with the clients and can keep running on a neighborhood machine with Windows, Linux, or the Mac OS.
The bot comes pre-designed with some exchanging system. You can initiate using the bot on autopilot as anon as you introduce and design it with a trade. In any case, if you would savor to use your very own exchanging system, the bot withal endorses you to design it to your savoring. While the present design is respectable for trying different things with the bot, there are a few other exchanging techniques accessible online that would benefit you make an all the more profitably worthwhile wager. The bot will withal send you a notice at whatever point it executes a specific exchange. This is finished by incorporating it with the Telegram envoy. Consequently, you will dependably ken how well your bot is performing.
The main drawback to the Gekko exchanging bot is that it isn't very utilizer-heartfelt. There are a few aides in the digital world that direct you through the underlying setup process. Be that as it may, this procedure isn't extremely direct and you would presumably hit a barricade at any rate once amid the underlying setup.
  1. Zenbot
Another allowed to use digital currency exchanging bot, Zenbot can be considered as a further developed form of the Gekko exchanging bot. Nonetheless, as Gekko has been around for a more extended time, it is all the more generally used. Much the same as Gekko, Zenbot programming can be downloaded from Github and introduced on your neighborhood PC. The product is perfect with Windows, Mac just as the Linux working frameworks. The bot comes pre-arranged with an entirely nice exchanging system. In any case, its real potential can be opened only when you initiate executing your exchanging order. The primary bind with the allowed to use bots is that they are frequently not very utilizer-genial. In any case, this isn't the situation with Zenbot. The entire setup process is extremely effortless, and you can have the bot fully operational in all respects speedily. The bot chips away at all prevalent trades, for example, Bitfinex, Poloniex, Bittrex, and so on.
As it is an open source venture, it is without now of a few bugs, and regardless of whether one springs up, it will be adjusted all around speedily. The Zenbot can effortlessly actualize with a few informing stages, for example, slack, Telegram, and so on to give you the updates of any exchange that was executed.
Adventitiously, the Zenbot withal braces high-recurrence exchanging. This is a component that outlined the personnel of the Gekko bot. The Zenbot is being refreshed, and more highlights are being incorporated traditionally. Hence, making it a bot for you to reliably outwardly analyze.
  1. WolfpackBOT: WolfpackBOT is a cryptographic money exchanging programming application that has been created with the most developed highlights of any robotized exchanging programming of its sort. The WolfpackBOT has been intended to execute exchanging directions with the usage of restrictive numerical calculations, and specialized investigation bespeakers predicated on the client's predefined assignments.
The cryptographic money advertise as of now bearish, and many exchanging bots easily miss the scarcest vacillations. WolfpackBOT has been built to execute trading directions at a lightning speed and is fit for making up to a large number of exchanges every day, relying upon the states of the market.
WolfpackBOT is among the few cryptographic money exchanging bots that give crypto aficionados full self-governance, security, and control of their exchanging bot and its related API keys. A large portion of the crypto trading bots out there are cloud-predicated stages that are constrained by outsider frameworks. While these stages guarantee dealers of outright wellbeing and security, insightful brokers ken that in the crypto space, outsider frameworks like trades and other cloud-predicated steps are hacked proximately consistently. Since WolfpackBOT programming and your related API keys are put away individually PC or devoted VPS, WolfpackBOT can sidestep a significant number of the security issues related to cloud-predicated frameworks.
WolfpackBOT has been created for the whole crypto network, from experienced merchants to novices, with three in all respects reasonably valued membership levels. WolfpackBOT accompanies a few membership bundles that authorize clients to exchange with a wide scope of chances predicated on their favored membership.
  1. CryptoTrader
cryptotrader_reviewAlmost all digital money merchants would have aurally seen about the crypto dealer exchanging bot. The across the board fame of this bot is because it was one of the absolute first bots to be kept running on the cloud and accessible to the clients day in and day out.
The crypto broker bot is plenarily web-predicated and in this manner, open from anyplace you can associate with the digital world. The bot can be easily designed with a few well-known trades, for example, Poloniex, Bittrex, Kraken, and so on. This bot does not come for nothing out of pocket. You can operate from the few organizations accessible. The valuing initiates with 0.003BTC every month for the most simple arrangement and this goes up to 0.0472 BTC every month for their excellent arrangement.
While all plans do offer clients support for programmed exchanging, the early highlights and as far as possible for the more indulgent plans is higher than that given the basic arrangement. Any early component that is caused is most readily accessible on the higher bundle designs and are later accessible on the basic plans. On the off chance that you would simply savor to exchange on a solitary trade and with exceptionally delineated mazuma, at that point the basic arrangement will get the job done. Be that as it may, on the off chance that you are outwardly looking at the higher volume of exchanges, at that point run with the higher bundle.
This bot additionally sustains algorithmic exchanging. In this manner, I am making it effortless for clients to execute their very own arrangements. The bot can be effortlessly modified. In this manner, I am making it a broadly utilized cryptographic money exchanging bot.
  1. Bitcoin Robot
btcrobotWe simply needed to incorporate the pioneer of digital currency exchanging bots on our rundown of the best crypto exchanging bots. The Bitcoin robot started as a Bitcoin exchanging bot. In any case, it can now withal be designed to exchange different digital currencies, for example, Ethereum and Litecoin. The bot is accessible as a product and should be downloaded and keep running on your neighborhood machine. This betokens the exchanges will be executed just as long as you keep your PC turned on. The bot can effortlessly work with a few digital money trades and is by and large broadly utilized even today. The bot isn't accessible free of expense and costs you a premium. The cost of the bot ranges from $19.99 every month for the principal plan. In any case, clients usually buy the platinum plan that costs just $399 one time charge and offers utilizer unlimited access to every one of the highlights.
The benefits made by individuals using this bot verbalizes for itself. Supplementally, they do offer a 60-days mazuma back assurance. Along these lines, you should look at them once.
  1. USI Tech
This can't be considered as a bot. In any case, the USI tech BTC settlement promises mechanized benefits for your BTC speculations. The USI Tech was at first intended for Forex exchanging. In any case, after the raise of the ubiquity of Bitcoin, they additionally offer BTC bundles. Not at all like some other BTC exchanging bot where you require to give the API key of your trade account to execute exchanges, on USI Tech, you will require to winnow from among the few BTC master exchanges. At that point, you will begin accepting your segment of benefits at whatever point exchange is made.
The USI Tech stage basically ensures extraordinary comes back to your speculations. The entire procedure of purchasing your absolute first BTC bundle is withal simple and pellucidly elucidated on their site. You can explore different avenues regarding the benefits that you gain. In any case, the number of bundles you purchase, the more dominant will be your benefit
  1. Margin.De (Leonardo Bot)
Edge LeonardobotThis is a cryptographic money exchanging bot with the most utilizer-genial interface. The GUI of the bot is easy to use, and the highlights gave are extremely puissant. The bot was structured with two exchanging techniques ping pong and Margin exchanging actualized into it. In any case, you can withal modify it with your very own custom settings. This bot lays incredible complement on the visual parts of exchanging. The specialized examination done by the bot is immensely simple to break down. What more? The bot has an astonishing component called visual exchanging. This interface feels rich smooth to use and offers clients the most extreme authority over the exchanges.
The bot was at first evaluated at 0.5 BTC consistently. Notwithstanding, presently, it is accessible at a one-time cost extending from $89 to $1999 with the most elevated arrangement offering a bigger number of highlights than th
submitted by restpage123 to digitalseo [link] [comments]

I built an arbitrage tool that tells you which exchange to buy from and which to sell with a built in alert system

It took me about 6 months of coding to get where I am now, as of now it is able to find arbitrage opportunities between Binance, Bittrex, Cryptopia, Bitfinex, YoBit, HitBTC, Kraken and Poloniex with many more to come.
It is not like the average arbitrage bots you see mine works by calculating the profit you will make buying on one exchange and selling it on another. It is able to detect which exchanges are doing maintenance on wallets so you don't waste time with false arbitrage opps. The best feature is our alert system that checks exchanges every 5 minutes for arbitrage opps and emails our subscribers as they happen.
What led me to create it was I kept seeing huge price differences when I was daytrading last year some of the ones I was able to find was a 20% arbitrage opp on Metal and I was able to make 15% by purchasing it on Bittrex and selling it on Binance. It took me about 7 minutes transfer time. I was also able to buy Bitcoin Gold from Binance at least 3 times and transfer it to Bittrex and sell it for a 15- 20% profit each time which took me around 30 minutes. Something else I'd like to mention is that our alert system found the 40% arbitrage opp on BTC-VIA that happened when Binance was hacked a few days ago https://s.nimbus.everhelper.me/share/1533355/bs7dvuubgf83hmgpcnog and notified our susbscribers. So the system works it's a matter of being online at the right time to capitalize of these arbitrage opps that are always occurring.
My system is designed to eliminate trading risk by keeping your money out of the market as much as possible. The purpose is to detect when there is a large price gap between exchanges and capitalize off of it which means get in and get out as fast a you can. The only risk becomes the time it takes to transfer from one exchange to another but the ERC20 tokens transfer pretty fast so it works well with most digital currencies. Also have to be aware of the volume in relation to how much you money you trade with.
I would like to see how many people were able to successfully profit from arbitrage also who would be interested in such a system.
Here is an image of how the system displays the arbitrage opps https://ibb.co/iBWafx and the system can be accessed at Arbiswap.com
EDIT: Now includes a Binance Pump detector at no additional cost (get notified of every price jump - no downloading required)
submitted by wealthjustin to altcoin [link] [comments]

Breaking: TaaS team has strong links to suspected Ponzi Scheme

UPDATE: Due to overwhelming community demand, we have decided to release the entirety of the TaaS report for free to further substantiate our findings. You can download it here: https://www.icoalert.com/special-ico-alert-report-taas
This is going to be a long post, but the information contained within is of great importance to the cryptocurrency community.
My name is Rob, and I'm the Founder of ICO Alert, a comprehensive list of all active and upcoming cryptocurrency Initial Coin Offerings.
You may know me from my posts about the launch of ICO Alert, or about that time someone accidentally sent 32 ETH to the ICO Alert donation address.
We recently launched an ICO Report feature that provides in-depth analysis of upcoming ICOs so that you can determine which are worth investing in. During our analysis of TaaS, a tokenized closed-end fund, we stumbled upon some shocking connections. We found that many of the TaaS team members are directly linked to Bitup, a suspected ponzi scheme. In addition, we found huge holes in the cryptographic audit TaaS plans to employ that could jeopardize the sustainability and solvency of the entire fund.
We usually charge a small fee (0.2 ETH / $10) for our reports, but decided that we cannot in good conscience keep the most shocking revelations from the TaaS Report behind a paywall. We believe it is our obligation to the community to distribute this information since the entire TaaS fund may be a scam. You can still purchase the 32 page detailed report here if you'd like, but many of the main revelations are posted below:
The TaaS team and their links to Bitup, a High Yield Investment Platform (aka Ponzi Scheme)
Our research has identified deep connections between the four founding members of the TaaS project — Ruslan Gavrilyuk, Konstantin Pysarenko, Maksym Muratov, and Dimitri Chupryna — and the #bitup investment platform. Several aspects of the Bitup platform resemble strongly characteristics and activities of High Yield Investment Platforms, more commonly known Ponzi Schemes. Bitup advertises fixed daily returns that are not dependent on market or investment performance; users are also offered a percentage of the total investment deposited into the fund by new users they refer. These are the typical characteristics of a ponzi scheme.
Individuals who have been involved in the cryptocurrency space for any meaningful duration will quickly identify the Bitup platform as one of many HYIP (High Yield Investment Programs) Ponzi Schemes developed to defraud new entrants into unregulated markets.
Konstantin Pysarenko
Konstantin Pysarenko, the Vice President of the TaaS project, lists experience in founding ‘several startups around the world in food manufacturing, geological oil and gas surveying, and international aviation sales’. Our research struggled to verify these claims as only previously discussed Geo–Earth Resources and Bitup were listed on Mr. Pysarenko’s Linkedin page; deeper inquiry, however, did yield some further information regarding Mr. Pysarenko’s previous work experience.
According to both Mr. Pysarenko’s profile on the TaaS Executive Team and Linkedin page, Konstaintin graduated from the University of Buckingham in 2011 with a degree in Entrepreneurship. Leveraging this information, our research uncovered two profiles of Mr. Pysarenko that appear to align with his given educational timeline and stated work experience5, both written in the first person (indicating Mr. Pysarenko himself prepared the profiles) — one while studying at the University of Buckingham, the other subsequent to the completion of his studies.
Here Mr. Pysarenko indicates that his experience includes publishing, perishable import/export, printing services, cigarette manufacture, and some involvement with aviation sales via his father’s business. Food manufacturing, as stated in Konstantin’s TaaS bio, appears to consist of flour exports and tea imports to and from Africa; no mention is made of experience in geological oil and gas surveying, and international aviation sales appear to be based on involvement with Mr. Pysarenko’s family business. No verifiable indication is given that any of these positions were held at any point in the past or currently in the capacity of a founder, and in the case of aviation sales we believe there is a strong indication that Mr. Pysarenko was explicitly not a founder in any capacity.
Ruslan Gavrilyuk
Mr. Gavrilyuk’s bio on the TaaS Executive Team indicates experience ‘found- ing and managing projects in geosciences, mobile money solutions, oil and gas operations, precious metal mining, sports and fashion’. Our research has been unable to verify any of these assertions; Mr. Gavrilyuk’s LinkedIn page indicates (excluding TaaS) only founding involvement with Geo–Earth Resources and Bitup that are not indicated on either organization’s website or anywhere else. We find the total lack of verifiable connections between any of Mr. Gavrilyuk’s stated experience or credentials to be one the most alarming revelations uncovered from our research.
Bitup Financial Analysis
In July 2016 Bitup began publishing reports outlining their portfolio alloca- tions, trading activities, and general analysis of the cryptocurrency space. These documents list the coins on Bitup traded on the Poloniex market, and some (not all) give the opening and closing dates of particular trades. Documents also list the total monthly portfolio allocation for each coin traded.
Our researchers analyzed the daily volume in BTC for those coins on trades where entry or exit dates are provided and identified those dates on which volume was so low that calculations for the total value of the portfolio allocation for a particular coin could be calculated by generously assuming the full 24 hour daily volume17 represented only the trade conducted by Bitup. This calculation does not give an accurate estimate of the actual AUM of the Bitup trading portfolio, but it does enable us to understand (assuming the portfolio allocation statistics are correct) the maximum possible value of the portfolio on a given date. Deeper analysis of the Bitup Financial statements can be found in the full report under Appendix B: Bitup Financial Analysis.
This analysis indicates that as late October 9th, 2016, Bitup had no more than $60,000 AUM across their entire trading portfolio. In particular, a trade opened by Bitup traders on Nautiliscoin (NAUT) on October 9th accounted for 20% of the total portfolio allocation for the month of October. Volume on Poloniex for the entire 24 hour period of October 9th was 18.82 BTC, and the Bitcoin closing price was $614.62. Attributing all trading volume for the 24 hours of October 9th to Bitup (a wildly generous assumption), the total daily volume USD equivalent comes to $11,567.15. If this value represents 20% of the Bitup trading portfolio, the total value of the portfolio can be calculated at $57,835.74. Again, this uses a nearly impossible assumption of attributing all of the day’s volume to one trade, so the true AUM is very likely substantially less than what has been calculated here.
If the four founding members of the TaaS platform are as deeply involved with the development and operation of the Bitup platform as our research suggests, at the very least questions are raised about the ability of the Bitup, and therefore TaaS, trading team to manage investments and trading strategies involving 1,000 times the AUM they managed at Bitup, as they will be at TaaS. More broadly, any one team member’s involvement with this type of cryptocur- rency HYIP Ponzi scheme should be cause for concern. With four co–founders involved, it is difficult to deny at very least the appearance that TaaS is an extension or evolution of the Bitup project, with remarkably higher AUM and the substantial investment management challenges that entails. Risks of slippage on trades (when acquiring large positions rapidly drive up the price of the asset, limiting potential profitability) and a simple lack of liquidity sufficient to exit positions at profitable prices represent just a few of those challenges.
Trading Methodology & Cryptographic Audit
Our analysis revealed several inconsistencies and very few indications that the author of the TaaS white paper or the TaaS team at large have an understanding of the challenges associated with successfully investing millions of dollars of AUM.
Our analysis leads us to believe that the Cryptographic Audit technology be- ing developed by TaaS is being leveraged to obfuscate and deflect questions regarding the true nature of the TaaS trading methodology, while also representing a grave risk to the profitability of the fund. Nevertheless, we believe the Cryptographic Audit technology is the only software actually in development by the TaaS team and represents the only value investors can realistically expect to gain from the TaaS project.
The Cryptographic Audit section of the TaaS whitepaper very strongly appears to have been prepared by a different individual than the rest of the document; the formatting is substantially improved, the charts and diagrams are filled with information (in contrast to the glaring lack of information in the ‘Trading Methodology’ section), the English grammar and vocabulary are substantially improved, and the use of footnotes is liberal and meaningful.
We believe the proposed Auditable Exchange Accounts development and implementation represent extraordinary risks to the success of the TaaS trading methodology and the project as a whole. A system that reveals to anyone, at any time, the specific trading actions being performed by any investor or fund with a substantially large portfolio is nothing short of an invitation for every enterprising individual investor, other trading outfits,experienced algorithmic trader, or youngster with a Poloniex bot and copious free time to create trading strategies developed exclusively to siphon money from the TaaS fund as effectively as can possibly be devised. The risks of front running predicted positions, pumps and dumps during accumulation, or any number of other actions competing traders can use to negatively impact the TaaS methodology (whatever it turns out to be) are dangerously and shockingly amplified if every detail of every trade is made available in the way being described in the Auditable Exchange Accounts implementation. Leaving aside any other improprieties identified through our research, this oversight alone indicates to our analysis a risk so great to invested capital and the project as a whole that we could never in good conscious recommend purchasing TaaS tokens or becoming involved with the TaaS project in any capacity.
Closing
While this is obviously a tremendous amount of information to process and digest, there is a significant amount of information not included here, but included in the full report, that further substantiates these claims and also links the TaaS team members to a mysterious Geo-Earth Resources based in Lagos, Nigeria.
The implications of this report are shocking, and one that we do not take lightly. We have completed this report as quickly as possible due to the severity of the matter, and have decided to release this significant portion of the report to the community, as we believe we have an obligation to do so.
Relevant Links:
https://www.icoalert.com/
https://www.icoalert.com/special-ico-alert-report-taas
Sources:
https://www.linkedin.com/in/ruslan-gavrilyuk/
https://www.linkedin.com/in/konstantin-pysarenko-b1a40b51/
http://geo-earth.biz/index.html
https://bitup.io/
https://www.sec.gov/investoalerts/ia_virtualcurrencies.pdf
https://bitup.io/faq
https://bitup.io/terms
https://www.linkedin.com/in/nixoid/
https://www.linkedin.com/in/andriydubetsky/
http://idcee.org/p/andriy-dubetsky/
http://en.pcg-conference.com.ua/speakers/view/65/
submitted by zebrahat to ethtrader [link] [comments]

Bitcoin Cash: A Reflection on How Far We’ve Come

On August 1, Bitcoin resumed its original roadmap, scaling on-chain towards global adoption as Peer-to-Peer Electronic Cash.
It’s been just 3 and a half months since Bitcoin Cash broke away from BTC in order avoid a software mutation called Segwit, and to restore progress and growth to the ecosystem.
After a recent price rally that saw us reach 0.5 BTC ($3000), the reality is setting in that an overnight ‘flippening’ scenario that some people hoped for is unlikely, and that we have a longer road ahead.
It’s really important to remember how much has been achieved in such a short time.
Let’s take a moment to reflect on how far we’ve come as a young community.
July:
August:
September:
October:
November:
This rate and scale of industry adoption is unprecedented.
With every BTC holder receiving an equal amount of Bitcoin Cash, and with the price over $1300, the rate and scale of user adoption is unprecedented.
With fast, reliable transactions and fees that are less than 1 cent, and with both BitPay & Coinbase hinting at a full Bitcoin Cash integration, the rate and scale of merchant adoption will be unprecedented.
With unprecedented industry, user and merchant adoption, it’s only a matter of time until Bitcoin Cash becomes the default medium of exchange and store of value cryptocurrency.
The old Bitcoin is back. You can feel it. It’s the resurgence of a grassroots movement not seen for years. People are putting Bitcoin Cash posters in the streets, handing out leaflets, tipping strangers a few dollars online, and asking in forums how they can contribute to the community.
Just in the last couple of days a ‘Bitcoin Cash Fund’ was established, to assist with marketing and projects. The initial goal was $200 to make a short animated advert, but over $17,000 has been donated already. All of this positivity and energy is inspiring.
While businesses are being forced to abandon BTC due to exorbitant and skyrocketing fees (upwards of $10), they’re being cheered on every day as they embrace Bitcoin Cash.
The original vision is still alive. As an early bitcoiner, I’ve never been more optimistic.
Make sure you involve yourself in the community, we’re just getting started :)
Reddit: BTC or BitcoinCash
Twitter: twitter.com/BITCOINCASH
Website: bitcoincash.org
Dev: Mailing List
Also posted on Yours: Bitcoin Cash: A Reflection on How Far We’ve Come
submitted by cryptomic to Bitcoincash [link] [comments]

I believe Litecoin is being suppressed and has ongoing short attacks

*also posted in litecoin markets in the daily...
I've spent the past few months studying the LTC market in depth (mainly GDAX, but also Krakken and Poloniex). I've spent countless hours studying the price action and have recorded hours and hours of video, and one thing is clear, Litecoin is suffering an ongoing short attack. This attack began sometime in early July, and is likely to continue for another 6 months to a year.
There's no doubt in my mind that LTC would be well over $100 right now, if these attacks had not taken place. There's hope though, the price action for the past couple weeks suggests that less and less people are panic selling, making it harder and harder for the short attacks to drive the price down (however, they are still very effective at keeping the price from going up). Also, it's clear that some big investors have come in within the past week and are currently holding the price above $50 (though, just earlier between 10:00 - 10:30 EST, that $50 level underwent a massive short attack, with the short sellers selling 1000's of coins at a time). These new investors can slow the attacks but will likely fail over time.
This short attack is very similar to the one that happened to Herbalife (HLF) back in September 2012. https://seekingalpha.com/instablog/2918951-g-hudson/1026551-how-the-big-players-manipulate-the-stock-market
From the post:
"As the short attack continues, more people parade out news to continue to put questions in the back of investors' minds. On a daily basis, shorts use computerized trading to control the direction of the share price. At opportune times, the shorts overwhelm the buyers (bid price) of the stock by selling short large number of shares to drive the share price down and to eliminate the buyers for the stock at that given time"
"Shorts need to control the stock's share price over a long time (often several months to well over a year), and can't afford to just accumulate an unlimited number of short positions in the stock, so they have to be buying shares at the same time they are selling shares too. When the shorts drive the share price down, eliminating buyers as discussed above, some of those investors trying to sell their shares at that same time will follow the share price activity downward lowering their ask price."
"Now the shorts can buy back some of the shares they have shorted at lower prices including some shares where longs have put stop-loss sale orders to protect against downside losses. The shorts will only buy shares part of the way back up as the share price rises, and then wait to see if new buyers come into the market. If the share price continues to rise up to much again during the day, the shorts will repeat the same selling and buying process to control the share price."
"As mentioned above, the shorts need to control the share price over an extended period of time. They need to wear down the longs with rumor mongering as well as by creating fear as the longs continue to see the share price go down from the computerized trading. They hope the longs will give up and sell their shares at the lowest possible share price."
I would like to report my findings to Coinbase, but I feel I'll need support to do so. Would anyone be willing to help? We need to record or log price action when the short attacks are taking place. We need to log dates, times, and coin amounts. Also record sell walls (time, price, and amounts, especially, the ones that constantly move or move as they get closer to getting bought up). Also note, that these attackers may be using buy walls to influence the price back up a bit, either when they need cover their position, or to get new buyers in). Hopefully, coinbase will be able to track these transaction to the people / groups responsible. This won't be easy and maybe they won't do anything about it, but one thing is for sure, if we don't, they wont.
In the mean time, if you want to help, here's a few things you can do.
  1. The most important thing you can do, is to NOT panic sell. Litecoin is highly undervalued and even if the price dips it will come back. These guys have the power to inflict much fear, market selling 100's to 1000's of coins at a time. Doing your research on Litecoin and its fundementals help alliviate the fear you feel when the price suddenly dips by a large amount.
  2. If you have the means, help take down the walls. Also, break up your orders, rather than buying a single chunk, break up your orders to give the impression of more volume coming in and encourage others to join the fight. Every bit counts, even if you only buy 0.001 LTC, it goes a long way to affect the psychology of other traders join in (ever wonder why the whale bots sell a stream of 0.01 orders? they can still cause panic).
  3. If you have the means, setup a support wall, and stack your orders on top of someone elses to make it bigger.
Note this will get some downvotes, these will come from the attackers. FUD is one of their primary weapons and they will try to say this is nonsense tin foil hat stuff and that I should get a life, or go trade something that is moving. Do your own research, watch the price action, it will become crystal clear. I'm very long LTC and want its price to reflect its true value. Bitcoin hit a new ATH around $4500, do you really believe Litecoin is only worth $50? and that its this way because its not as mainstream as bitcoin? If so, why are so many (much more obscure alts) trading at values way above Litecoin?
submitted by kidraven to litecoin [link] [comments]

What are your favorite Twitter accounts to follow? Trading, funny, serious -- all suggestions welcome!

I never really liked Twitter but have recently found a lot of value in it for getting info about crypto. That said, what are a few of your favorite accounts to follow? I've included some of the more helpful (or, uh, interesting) ones here:
Trading
@SecretsOfCrypto
@anambroid
@crypto_rand
@Crypto_Ed_NL
Funny
@CryptoCobain
@CryptoHustle
@CointraderGuy
@SatoshiLite
Trading / Funny
@WolfOfPoloniex
@ActualAdviceBTC
@CryptoYoda1338
@AngeloBTC
@LegendOfCrypto
@cryptomocho
@Tcorp_
@WhalePanda
(Somewhat) Serious
@evan_van_ness
@koeppelmann
@VladZamfir
@ErikVoorhees
@MihaiAlisie
@NickSzabo4
@jcp
@gavofyork
@Steven_McKie
@jarradhope
@ConsenSysAndrew
@CharlieShrem
Community Added
@vitalikbuterin (who is this guy anyway?)
@jun_omise
@EddieEtherBot
@Cryptographer33
@CarterThomas
@prodjkc
@bullishgentlemn
@jayden_crypto
@bitcoin_schmidtcoin
@MrYukonC
@ZeusZissou
@harrajmann
@FatihSK87
@cryptojones777
@collapzcursed
@pro_to_col
@NicTrades
@EthereumNetw
@etherealcapital
@fucktoken
submitted by zacheism to ethtrader [link] [comments]

Beginner’s Guide to Exchanges – Part 1

Beginner’s Guide to Exchanges – Part 1

Hola Compadres! It is me u/poop_dragon here with another guide. Today I would like to run through a list of ETH exchanges. This is just Part 1 of this list, and it covers established exchanges. Soon I will post Part 2 and 3 which will go into some other types of exchanges (derivative markets, coin converters, decentralized, and foreign exchanges) Side note, I have given rating to these exchanges based on some comparisons, news, and information which I have found online. Recently, EVERY exchange has been slow/unresponsive in their customer service due to the huge influx of new users. My intention is to help educate new users about the exchanges available. I am not trying to discredit, advertise, pump up, or damage reputations. If you feel something is inaccurate, please respectfully bring it up in the comments. I will be editing as we go. Last thing of note, I have only included the lowest level trading tier to calculate trading fees, which assumes the highest rates. Most exchanges offer lower fees for bigger orders, but I have gone with the assumption that everyone here is not dropping whale amounts of cash.

00 – Concepts and Definitions

01 –Digital Exchanges

Poloniex

Exchange Type Maker Taker
All Currencies .15% .25%
Feature Details
2FA Google Authenticator Available
Wallet Security ‘Majority’ of Funds in cold storage
Personal Information Encrypted and Stored Off-Site
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 1 X X $2,000 USD Daily Withdrawal Limit
Level 2 X X X X X X $7,000 USD Daily Withdrawal Limit
Level 3 X X X X X X $25,000 USD Daily Withdrawal Limit
Level 4 X X X X X X X X >$25,000 USD Daily Withdrawal Limit
What is a KYC? It stands for Know Your Customer Documentation. This varies between exchanges. However, like most things, if you have to ask, you probably can’t afford it.

Bittrex

Exchange Type Maker Taker
All Currencies .25% .25%
Feature Details
2FA Google Authenticator Available
Wallet Security Multi-stage wallet Majority’ of Funds in cold storage
Personal Information IP Whitelisting restricts trading from new addresses
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Basic X X X 3 BTC or less daily
Enhanced X X X X X X 100 BTC or less daily

02– Fiat Exchanges - USA

Coinbase (GDAX)

Country Credit/Debit Linked Bank Account Wire Transfer
Australia 3.99% - -
Canada 3.99% - -
Europe 3.99% 1.49% SEPA- Free (€0.15)
Singapore 3.99% 1.49% -
UK 3.99% - SEPA Free (€0.15)
US 3.99% 1.49% $10 Deposit / $25 With / ACH Free
Exchange Type Maker Taker
ETH/FIAT 0% .30%
ETH/BTC 0% .30%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 1 X X X
Level 2 X X X X X Crypto Only
Level 3 X X X X X X X Fiat Enabled
Level 4 X X X X X X X X Higher Fiat Limits
Feature Details
2FA Google Authenticator, Authy, SMS
Wallet Security 98% Assets in Cold Storage
Personal Information 3rd Party Verified, Secured, Stored Offline
Digital Currency Insurance Fully Insured by Lloyd’s of London
Fiat Insurance Up to $250,000 by FDIC
Bug Bounty Multiple bounties up to $10,000

Kraken

Country Linked Bank Account Wire Transfer
EUR Free SEPA €5-10 (€0.09 Withdrawal)
US Free SWIFT $10 ($60 Withdrawal)
UK Free SWIFT £10 (£60 Withdrawal)
CAN Free SWIFT Free ($10 Withdrawal)
Exchange Type Maker Taker
ETH/FIAT .16% .26%
ETH/BTC .16% .26%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 0 X No Trading Allowed
Level 1 X X X X No Fiat, Unlimited Crypto
Level 2 X X X X Fiat $2,000Day/$10,000Mo
Level 3 X X X X X X Fiat $25,000Day/$200,000Mo
Level 4 X X X X X X X X Fiat $100,000Day/$500,000Mo
Feature Details
2FA Google Authenticator, Master Key Available
Wallet Security Majority Assets in Cold Storage
Personal Information PGP Encrypted Emails, Global Settings Lock
Digital Currency Insurance Maintain Full Reserves
Bug Bounty Multiple bounties

Gemini

Country Linked Bank Account Wire Transfer
USD Free Free
Exchange Type Maker Taker
ETH/ALL .10-.25% .25%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Individual X X X X X X X None - Except for ACH
Feature Details
2FA Google Authenticator, Authy Available
Hot Wallet Security Hot Wallet Hosted by Amazon Web Services
Cold Wallet Stored in 2 tiers of cold and 'cryo' multi-sig storage
Personal Information Encrypted in Transit and Stored Offline
Digital Currency Insurance Fidelity bond by 'top-tier insurance company'
Fiat Insurance Up to $250,000 by FDIC

03– Fiat Exchanges - Hong Kong

Bitfinex

Country Credit/Debit Bank Transfer Express Bank Transfer
ALL - .1% ($20 Minimum) 1% ($20 Minimum)
Exchange Type Maker Taker
ETH/ALL .10% .20%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Individual X X X X X X (2) X X No Stated Limits
Feature Details
2FA Google Authenticator, Twilio Available
Account Security New IP Addresses locked for 24 hours, require verification and detection
System Security Hosted and Backed-up on Linux, protection from DDoS
Personal Information Email encryption with OpenPGP
Wallet Security Only .5% of funds are stored in hot wallets
EDIT : Thank you to u/Ginger_Bearded_Man for the suggestion. Bittrex has been added.
submitted by poop_dragon to ethtrader [link] [comments]

🔵Understanding the basics of intra-exchange arbitrage

🔵Understanding the basics of intra-exchange arbitrage
🔵Understanding the basics of intra-exchange arbitrage
The work on the OneExBit arbitrage bot is almost finished, and naturally we are getting lots of questions from the community. In particular, many users ask if our bot will search for arbitrage opportunities across different exchanges (inter-exchange) or within one exchange (intra-exchange). In this post, we'll try to give a detailed answer.
The first edition of our bot will search for intra-exchange windows – support for interexchange arbitrage will be added later on. At first, you'll be able to use the bot with Bitfinex and Binance; in the next few months, it will become possible to search for opportunities on all the exchanges integrated into the OneExBit terminal, such as Poloniex, HitBTC, BitMex, and so forth.
🔵Why traditional arbitrage can be risky
Most users who are familiar with arbitrage trading don't even realize that there are two types of arbitrage. The one we are most used to is inter-exchange – that is, searching for price differences for the same asset across different exchanges. However, this type of arbitrage has a serious problem: once you find a good window and purchase an asset on exchange A at a lower price, you have to withdraw it, send it to exchange B and then sell it there, potentially withdrawing the proceeds after that. This creates two risks:
a) withdrawing asset A, you can incur significant fees, which will eat up part of your profit from the arbitrage deal;
b) sending the asset from one exchange to another will take time – sometimes minutes (which is a lot of time in crypto trading). While you wait for the asset to be deposited in your account, the arbitrage window can close. It can happen because other arbitrage traders will notice the window and rush in; or because the exchange itself will eliminate it.
These risks can be mitigated by looking for price differences within the same exchange – it is called intra-exchange, or triangular arbitrage.
🔵What is intra-exchange arbitrage, anyway?
This type of arbitrage is called triangular because you need to perform trades with three different assets. The key fact to understand is that relative prices for several assets on the same exchange are not exactly proportionate to each other – there are often large spreads. For example, imagine that at a certain exchange 1 Bitcoin is traded for $9500 and at the same time for 1 BTC you can get 43 ETH. So what would be the price of ETH in US dollars? Someone who has studied math at school (but not trading) would think that it's enough to divide by 9500 by 43 – you'd get $221 for one ETH. However, that's now how crypto trading works. Since the market is inefficient, relative price changes don't spread instantly, especially when volatility is high. So, it's quite possible that the ETH/USD price is $230, for example. How can you profit from this difference?
Step 1. Buy 1 BTC for $9500.
Step 2. Exchange your 1 BTC for 43 ETH.
Step 3. Sell your ETH for USD and get 43*230=9890
You started with $9500 and ended up with $9890 – not bad! Of course, this is an idealized example; in reality there are also the fees to consider. If the fee is 0.2%, for instance, you'd pay circa $40 in fees for the two trades. Still, you'd get a net profit of $350.
The art of intra-exchange arbitrage is finding price windows with spreads large enough to cover all the fees and still leave you with a good profit. That's exactly what the OneExBit bot will do. Triangular arbitrage is a great tool in times of volatility, because resulting spreads are larger.
Follow our updates and don't miss the launch of the bot!
Best regards,
❤️ Onex Team
https://preview.redd.it/nb9cqbjvqza31.jpg?width=1205&format=pjpg&auto=webp&s=b83227632da79e1f59bf3a6b68d6bf614aa227a5
🔗Official links:
🔹Website: https://oneexbit.com
🔹Twitter: https://twitter.com/Oneexbit1
🔹Telegram: https://t.me/oneexbit
🔹Discord: https://discord.gg/4QtsXck
🔹GitHub:https://github.com/oneexbit/oneexbit-release/
🔹Whitepaper: https://oneexbit.com/whitepaper-onex.pdf
🔹Medium: https://medium.com/@smmonex
🔹Reddit: https://www.reddit.com/usesmmoneexbit
🔹Bitcointalk: https://bitcointalk.org/index.php?topic=5129693
submitted by smmoneexbit to u/smmoneexbit [link] [comments]

What Is WolfpackBot?

WolfpackBOT is an advanced cryptocurrency trading BOT that executes trades securely by using the advanced trading algorithms, the “Werewolf” Trading Analysis configurations, and customized settings based on each user’s unique trading style.
The trading Bot will also provide users with trading access to the major cryptocurrency exchanges and the most profitable trading pairs, all from one Bot subscription. The Bot integrates with a built-in secure Hardware Wallet combined with a RFID card reader for crypto to FIAT conversions.
Additionally, WolfpackBOT is integrated with Wolvex Exchange that will use the Wolfcoin token as the base currency, Wolfpack Consulting, Wolfpack Mining, and Wolfpack Philanthropy with the aim of empowering customers, shareholders, and stakeholders to achieve sustainable wealth through cryptocurrency trading.

WolfpackBOT Features, Products, And Service

Multiple Technical Analysis Indicators:

The WolfpackBOT trading system provides the world of Automated Cryptocurrency Trading Bots with Multiple Technical Analysis indicators, oscillators, configurations, and settings.

Shorting Features:

The trading system has shorting features that enable users to maximize their profits through shorting their positions and buying them back at the lowest prices in the market.

Patented And Trademarked Crash Protection:

This feature enables users to automatically scan and convert all positions to USDT and then buy them back to base currency to resume trading under the signal of the Hidden Bull Divergence Indicator.

Coin Selector:

Users can select whether to trade all their cryptocurrencies or not trade at all. It will also enable them to view coins or tokens that have high trading volumes, their performance, and volatility.
READ Instant Access Medical (IAM Token): Blockchain Healthcare Project?

Werewolf Ultimate:

This feature does not trade a particular trading pair or coin but trades all of them to provide the users with maximum profits.

WolfpackBOT Trading Settings And Reports:

The trade setting enables users to automatically trade through features like one-minute candles, market orders, and Hybrid orders. The Trading report highlights the users trading history, which can be exported to a CSV file.

WolfpackBot Cryptocurrency Trading Bot System Benefits

All Trading Pairs On All Major Exchanges

Users of WolfpackBOT can simultaneously trade with major exchanges such as BitMEX, Binance, Bittrex, KuCoin, Poloniex, and Wolvex Exchanges using multiple trading pairs.

Werewolf Configurations And Settings

These configurations and settings are suited for both amateur and expert traders since they can be adjusted with preset configurations for bear, sideways, and bull markets and to the current trends in the market.

Bull And Bear Market

The WereWolf settings are optimized for conditions that could be used in Bull Markets, Sideways markets, and Bear markets.

WolfpackBOT Help Center

Users can access the WolfpackBOT Help Center to learn about options, features, and abilities that are contained in the WolfpackBOT Trading Software.

Multiple Languages

Wolfpack BOT is compatible with multiple languages like Dutch, English, French, German, and Spanish; therefore, users can switch up the language of the entire BOT by simply clicking on the World Language Globe icon.

WolfpackBot WOLF Token ICO Details

Parameters Of The ICO

https://www.wolfpackbot.com/
https://www.wolfpackbot.com/Pdf/whitepaper_en.pdf
Bounty0x ID: chemist32
submitted by kadirbaysal to ICOAnalysis [link] [comments]

Poloniex Trade Bot - Concept & Install Guide Building your own cryptocurrency trading bot using Python ... Crypto trading with C.A.T. trading bot on Poloniex. Poloniex Bot for Bitcoin auto trade (trading) - YouTube Poloniex Trading Bot

Pre-fork trading for Bitcoin Cash is Open. Learn More. Prove you’re the Futures Trading Master and win from a prize pool of 21,000 USDT. Learn More . Get a discount on your Futures trading fees using a fee voucher. Learn More. Trade on Poloniex. Trade perpetual contracts with up to 100x leverage and the highest maker rebates directly from your Poloniex account on Poloniex Futures. Trade ... Top 15 der besten Bitcoin Trading Bots im Jahr 2020 Cryptohopper. Cryptohopper ist, bei weitem, der führende Trading Bot. Zum einen ist das der erste Cloud-basierte Krypto Bot auf dem Markt, d.h. ihr Trading Robot handelt weiter, wenn der Computer ausgeschaltet ist. Viele würden behaupten, dass dies bester Bitcoin Trader ist, der zur Zeit auf ... Does trading with a bot have risks? Yes, it does. Just like regular or manual trading, automated trading with an Poloniex bot also has its risks. The cryptomarket is well-known for its ups and downs, and sometimes prices crash overnight. That kind of crashes can have an impact on your bots profits. Poloniex, a veteran exchange that was recently purchased by a consortium including Tron founder Justin Sun, has launched Binance Coin and Binance USD (BUSD) pairings.As of June 6, BNB and BUSD wallets are now live on the exchange, with markets for the corresponding pairings slated to launch in post-only mode to ensure stability before full trading functionality rolls out. BOTanica - trading bot Botanica is a robot for automated trading on the Poloniex exchange using api-protocol. Applies a strategy of short positions with a set profit rate (or not very short, depending on the settings and your greed for profit;)) and averaging in a downtrend.

[index] [22041] [47237] [32703] [19566] [45370] [37145] [23452] [15450] [39636] [25285]

Poloniex Trade Bot - Concept & Install Guide

Cryptocurrency can be a high-risk, high-reward game for those willing to deal with the volatility. Can we use AI to help us make predictions about Bitcoin's ... Download the bot can be on the link: https://yadi.sk/d/Y4-bVHaNNRwJKg New trading bot for 44 exchanges. Bot channel: https://t.me/newSMARTtradeBOT -----... Brian walks you through a simple cryptocurrency trading bot in Python and using the Poloniex API. The code from this video can be found here: https://github.... How to Copy and Paste Ads and MAKE $100 $500 DAILY! (Step by Step Training) - Duration: 20:18. Dan Froelke's Channel Recommended for you Poloniex Trade Bot - Script explanation part 2 - Duration: 9:46. ... Bitcoin Core: Data Directory of Old Hard Drive with Bitcoin Blockchain Configuration - Duration: 10:10. Bitcoin Daytrader 347 ...

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