How to Setup A CryptoHopper Automated Arbitrage CryptoTrading Bot to Trade Bitcoin, Ethereum Tokens. Get a FREE CryptoHopper Trial at: www.cryptohopper.com/?atid=13895 Recon Trader website: www.recontrader.com email: info@recontrader.com
Hello sponsor i had subscribed with your referral , can i ask to see a auto arbitrage ? i had try but without a good results i have buy Hero version thx
I will like to ask...since I'm not sending to a wallet address, will this be possible with an altcoin that has problem with withdrawal & deposits on an exchange? You are a forex trader too. Can this be linked to margin/futures trading where "the bot" takes a long position on exchange A & a short position on exchange B so the exchanges do the netting-off at the background? If I have USDT on both exchanges will the bot go Long ETH on exchange A and Short ETH on exchange B at the same time using my USDTs? I'm also new in the crypto world. Do I have to deal with (recon) the type of network that each coin/exchange operates on (ERC-20, TRC20) and their fees... How is that accounted for?
Great video! Very helpful! I funded in advance my exchanges with similar coin amounts and configured my bot following what you did. Pretty soon it started executing exchange arbitrages and over night I ran out of BTC and USDT in three exchanges finding 63 error messages. Do you follow any rule of thumb of how much more USDT or BTC you should have to have enough funds for buying coins during arbitrage trades?
Do we have to open accounts on individual exchanges (Binance, Kraken, etc.) to be able to set them up on the arbitrage platform? Have just discovered the concept of arbitrage, thanks for helping explain via your videos :)
1. Do I have to load my wallet on base currency manually, for each exchange ? Let's say I have to put 100 USDT as base currency on each exchange. If I have to do this; why we have to fill the deposit on paper account ? 2. in Exchange Arbitrage; I think it is possible that 1 exchange will going empty of base currency if this exchange always buy; am I right ? If yes, Could Cryptohopper set the minimum of remain base currency we have ? 3. How do we know the Maker fee and Taker fee percentage ? Do you have any link for reference ? 4. How the profitability to do arbitrage recently ? as my understanding, arbitrage is more stable than crypto trading in a exchange. Thanks before
hello, take it easy, I can't do the stock market and triangle arbtraj, there is probably a problem in my settings, the administrators do not help about this issue, I have 100usdt and 100usdt worth of btc in my kucoin and binance accounts, even though I have 400 usd worth of money in both exchanges, I get different errors every time and I can't handle it, if you help I'm glad, thank you in advance
Is there any crypto arbitrage bot on the market that makes the arbitrage trades for you between exchanges? Which would eliminate any holding time between coins because it would return to the Quote currency, USD?
Not that I am aware of as you would have to give the bot provider (like CryptoHopper) permission to withdraw funds from you exchange. That kind of permission would be a huge risk/liability.
Please, can you make a video doing arbitrage live using bitsgap? I’ve seen the bitsgap arbitrage video and I would like to see it with a live account. Thank you
Perhaps in the future but right now there are far more profitable opportunities in the crypto market right now. Arbitrage is not really part of my standard operating procedures. In order to do live fire arbitrage you will need to hold the currencies on the exchanges. Unfortunately, as a day trader my positions on the exchanges are in USDT (waiting to enter a live trade based on TA) or in a live trade and not available for arbitrage. In addition, most of the "best" arbitrage opportunities are on crap coins that I would never hold. With that being said, if ETH/USDT or BTC/USDT pop up as an opportunity on my exchanges I will give it a shot.
Thank you so much for this video. I have a couple of questions. Lets say i have $100 worth of BTC, $100 worth of LINK, $100 USDT and $50 worth of XRP on binance, do i need to have the same four tokens on say kucoin before an arbitrage can be performed by the bot on both exchanges? If yes, will the bot be able to carry out triangular arbitrage on binance and kucoin if the opportunity exists? Another question, is it possible to set up triangular arbitrage on just one exchange? what i mean is is it possible to just set up tri-arbitrage on just binance with say $300 worth of BTC USDT and ETH incase i do not have enough money to fund two exchanges? Finanlly, is it wise to allocate 100% of my tokens to the bot for arbitrage? Awaiting your reply. Thank you so much.
You have to Hold the crypto on both exchanges for the Exchange arbitrage bot to execute arbitrage. The Market arbitrage bot will allow your to execute triangular arbitrage.
All step to setup are shown in the video. If you are looking for the update video you can find it here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-mU4sLb74pM4.html
I am a late comer here.I have 2 questions. (a) Which crypto did you set as base curency? (b) Do we have to deposit some volume in the selected cryptocurencies? Have a good day.
@@RECONTrader When you say crypto on all exchanges..do you mean that in the Selected Markets tab say i select ETH quote currency and I select coins AAVE/LTC/BTC/ADA/AVAX/FTM. Would I also have to have deposits of all the coins in the exchange ie $50 of each of AAVE/LTC/BTC/ADA/AVAX/FTM on each exchange? or Do i need just $50 of ETH on each exchange and it buys the related coin AAVE/LTC/BTC/ADA/AVAX/FTM and returns profit based on the selected exchange back to ETH? ie ETH on both exchanges and you would use one exchange to buy the coin using ETH and the other Exchange to Sell and revert back to the quote ETH?
Amazing and congratulaion. Could you tell me what is the minimum amount for each exchange to start arbitrage and how many exchanges minimum to work properly. thank you somuch for your feedback.
Great question. The minimum amount required to perform arbitrage will depend on each exchange and their minimum for each currency. Unfortunately you will need to do your recon on each exchange and the currencies you plan to trade.
Need at least 2 exchanges. Minimum amount required to perform arbitrage will depend on each exchange and their minimum for each currency. Keep in mind this is not true arbitrage.
Arbitrage opportunities are not as common now that the crypto market is maturing and it is not nearly as profitable as it was in the past. You might consider looking at other strategies like grid bots..
