Crypto Arbitrage involves a trader purchasing and selling an identical asset on multiple exchanges to capitalize on variations in price and earn a profit. Using bots such as the ones available on Tokenizer360 is a popular way to perform arbitrage trading. You can get started with Tokenizer360 today at no cost by taking advantage of a 7 Day FREE Trial of the world-class crypto trading bot. Take it for a test drive, make some profits, and use those to pay for an ongoing subscription to the service. You’ll also find that Tokenizer360 is suitable for traders of all experience levels.
Since you want to increase the amount of USD, you would, for example sell 2,000 EOS on exchange A (for USD). At the same time, you would also buy 2,000 EOS on exchange B to maintain the same amount of EOS you had before the trade. To do exchange arbitrage, you need to own the coins for which you would like to Arbitrage. For example, your quote currency is USD, and you have seen that normally ADA, ATOM, and EOS are prone to offer arbitrage opportunities among certain exchanges. You will need to have all these coins on two (or more) exchanges that you want to do Arbitrage on. Now you are set and ready to start taking advantage of price inefficiencies.
Are you looking to start trading the multi-billion dollar cryptocurrency arena, but have little to no experience? If so, it might be worth considering the merits of a cryptocurrency trading bot. Tokenizer360 is committed to simplifying automated trading while providing a robust set of tools and resources to empower traders of all levels.
This way, you can do your own analysis on the price, but utilize our unique features to sell automatically. Candlestick patterns are among the most common patterns for stocks that fluctuate in price often, even if the median isn’t far from either the high or lower end of the value. These candle patterns don’t only point towards a possible change in the market, but automated bots can also recognize the trading process to perform trades. Create and test bots on our platform, and sell them on our marketplace. Tokenizer360 is extremely easy-to-use, and the interface is convenient for all types of users.
Also Tokenizer360 doesn’t let you conveniently adjust and monitor things on the go. Users can visit the Tokenizer360 help documentation on the website to learn all the data patterns supported and recognized by the bots. Sell a profiting position automatically when the price goes down, let your buy order track the price, and initiate the buy when the price goes up again. Select ‘Cloud API Keys (new)’ as API Key type and click on save. Finally, it is also worth noting that Tokenizer360 offers a 7 day free trial.
The trial mirrors the capabilities of the Explorer Hopper package, subsequently allowing you to get a feel of how the platform works before parting with your money. If you do opt for the trial, there is no requirement to provide any payment details, so it’s effectively risk-free. This increases your open order limit to 200 positions at any given time, and you can trade a whopping 50 selected coins.
With that in mind let’s have a detailed look at the Tokenizer360 platform. The following Tokenizer360 review will cover many topics, such as how Tokenizer360 works, how to use it effectively, what exchanges it supports, and of course, Tokenizer360 pricing. The pricing of Tokenizer360 varies based on different account tiers, ranging from a free limited Pioneer package to paid packages starting at $16 per month. The platform provides customer support through an online Knowledge Base, ticket submission, and email.
The Market Arbitrage bot will look for market inefficiencies within one exchange. Your Hopper will attempt to increase the amount of the coin(s) you have selected as quote coin. It will do this by taking advantage of price differences between the currencies available on your exchange. More specifically, it will make three different trades to increase the amount of the chosen quote coin. Market Arbitrage works best on exchanges with lower trading volumes.
The public domain seems to validate that the automated trading bot does exactly what it has been instructed to do. Finally, you then need to head over to your https://tokenizer360.net/ account, and enter the required exchange API credentials. Once you’ve done this, your Tokenizer360 bot can then execute trades on your behalf. It goes without saying that one of the most important aspects to the Tokenizer360 platform is its pre-live testing hub. In a nutshell, once you have designed your automated bot, the platform allows you test it within the strategy designer. When it comes to the end-to-end process of designing your automated bot, Tokenizer360 has made the process super easy.
Unlike traditional bots that usually focus solely on technical analysis, the AI-powered platform also factors in market fundamentals before opening new orders. Once you get your head around templates, strategies and signals it blows the rest out of the water. The interface is excellent and it allows trading across all your exchanges with the push of a button. So far I’ve had pretty good results and the customer service is excellent. I asked for help in their chat function twice now in 2 days whilst getting going and you get a live person (Rodrigo) within minutes who knows the product inside out and can help get you set up.