In this article, we’re going to talk about arbitraging trading software. Aside from being a kick-ass new terminology, we’re going to break down for you what is arbitrage and share with you our favorite arbitrage trading bot. ARB Coin is designed for taking advantage of the arbitrage opportunity. We'll provide you with the best ARB Trading Strategy available for you to learn.
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So, what is arbitraging?
In simple terms, arbitrage is buying something for a low price and selling it at a higher price somewhere else. You might not know this, but you probably have engaged in arbitrage when you bought something cheap so that you could sell it later at a higher price.
Moving forward, we’re going to teach you how to take advantage of bitcoin exchange arbitrage, and more importantly, we’re going to share an arbitrage trading bot that is a more sustainable way to make a profit.
How to Make Money from Arbitraging Trading Software
A lot of people do it, and a lot of people want to be able to do bitcoin arbitrage because it’s probably the fastest way to make money.
If you go from one exchange and see a coin listed for one particular price, then if you go across another exchange you’ll see that there could be a difference in the price. In this instance, what you can do is to buy the coin on the cheaper exchange.
Transfer the crypto from one wallet to the other wallet and sell it on the other exchange where the coin is trading at a higher price.
You have to be quick, and you have to be sure there’s a fair profit margin, otherwise, it’s not actually worth it to do arbitrage trading bitcoin.
What you have to do is to have a crypto arbitrage calculator and calculate the prices. You need a crypto arbitrage calculator because you have to include the fees and charges.
Things move very fast in the crypto space. Sometimes when you try to do bitcoin exchange arbitrage, you’ll need to use a bitcoin arbitrage bot. When you’re doing arbitrage, you might go from one exchange to another and find that you’re frozen out.
Meanwhile, the bitcoin price might go up, and you can’t buy it back. These are risks that we all take.
Bitcoin Arbitrage Tips
Our number one pro tip is to make sure that you always send Ethereum from one exchange to another, instead of Bitcoin. Even if you’re going to buy in Bitcoin, it’s much quicker to send Ethereum.
The other thing that you can do for arbitrage is to look for coins listed on new exchanges. Quite often, it takes some time before everyone knows about it. Therefore, you can find massive price differentials.
Sometimes on the first cryptocurrency exchange, you’ll find that coin is very cheap, and on the second exchange, it’s much more expensive. Within a few trades, the price of the coin between the two exchanges can reverse.
As other people are playing arbitrage, they will start buying more on the exchange where the coin is cheap, creating demand and causing the price to rise.
Therefore, there’s going to be more sellers on the more expensive exchange, but nobody will be able to sell because the demand on the second exchange is not as high, so the price will eventually come down. In this case, the arbitrage opportunity is reversed.
You need to develop the habit to monitor the coin prices like a hawk constantly.
Now, if you want to automatize the whole arbitraging process, we have a solution. You can use our favorite bitcoin arbitrage bot for which we’re going to give you a detailed instruction guide on how to use it.
Step #1: Setup your MetaMask Wallet
The first step is to open your personal MetaMask wallet. The aBOT is designed to work with MetaMask wallet, so that’s the reason you need to get this Ethereum wallet.
Download the MetaMask wallet from HERE.
This Ethereum wallet uses a Chrome extension so it will be a lot easier to get used to it.
Note #1: You can use any ERC20 compatible wallet.
Next, you’ll need to put some coins into your ERC20 wallet, which brings us to the next step.
Step #2: Buy Ethereum at Coinbase
Sending Ethereum is a lot cheaper than Bitcoin. So, that’s the reason we want to use Ethereum. Secondly, transactions are much faster inside the Ethereum blockchain.
If you don’t already have a Coinbase account, Casey invites you to try Coinbase HERE.
By signing up through our link you’ll earn $10 worth of Bitcoin each time you buy or sell $100 worth of Bitcoin. That’s free money you can only get through us!
As of September 2018, ETH is worth approximately $210. To use the aBOT, you need to invest a minimum of $250 which is equivalent of 1.19 ETH.
Step #3: Send ETH to your MetaMask Wallet
You also need to deposit your Ethereum to your MetaMask Wallet.
Just transfer the 1.19 ETH that you bought from Coinbase into your new MetaMask wallet.
Make sure you double-check your MetaMask wallet address before sending ETH from Coinbase. You want to be sure you’ve got that right; otherwise, you might be sending ETH to the wrong wallet address.
If you send ETH to the wrong address, that money is lost forever.
Now, it’s time to switch our focus to the cryptocurrency arbitrage website ARBITRAGING.CO.
Step #4: Open an ARBITRAGING.CO Account
You can sign up to this amazing arbitraging trading software using this link: ARBITRAGING.CO.
To sign up you’ll need to provide your email and username.
The most important part is to make sure you place the ETH wallet address, that you created during the first step, in the “MEW/metamask wallet” empty space.
Note #2: Never put an exchange wallet address because this will result in your funds being lost.
Once you’re all done, you’ll need to send ETH to your newly created ARBITRAGING.CO account.
Step #5: How to Send ETH to ARBITRAGING.CO Platfrom
Now’ll have to send the 1.18 Ethereum, you transferred in your MetaMask wallet to you ARPITRAGING.CO account created in the previous step.
This process will take a while until the blockchain network confirms the transfers. But, it’s a lot faster than sending Bitcoin, that’s for sure.
To send ETH to this cryptocurrency arbitrage website, you need to login arbitraging.co and head over to the deposit tab found on the lefthand side of your screen.
You should see two addresses.
The first address is your MetaMask wallet address you put once you signed up during step #4. Make sure it’s matching exactly with your MetaMask wallet address.
The second address is the arbitraging.co deposit address where you need to send your ETH. COPY this wallet address!
Go to your MetaMask wallet extension and send the ETH to the arbitraging.co deposit address. Your Ethereums will show up instantly in your arbitraging.co account once the transaction is confirmed.
Step #6: Buy ARB tokens with ETH using the Exchange
Once the ETH transaction is confirmed you need to go on the exchange and buy ARB tokens.
Go to the arbitraging platform, and on the left side of the screen, you’ll see the Exchange. If your ETH transfer was successful, you should be able to see your ETH on the internal exchange.
If your ETH doesn’t show up on the Exchange, go to the WALLET tab and you should see the ETH that you’ve deposited. Below your ETH amount there’s a Transfer ETH text and from there select send to Exchange.
Now, head over to the Exchange tab, and you’ll see your ETH there.
If you want to buy ARB tokens, first select the “Market Value” button, then select the price that you want to pay for the ARB tokens in the price label, and how many ARBs you wish to buy in the amount label.
Make sure you have everything right and then click the green “Buy ARB” button.
The reason we need to buy ARB tokens is that the arbitraging trading software aBOT works inside the ARB network. They are doing all the arbitraging trades in ARB currency.
In order to get the crypto arbitrage thing going on you need to follow few more important steps.
Step #7: Transfer ARB to Your Wallet
Now that you’ve got your ARB tokens, you need to transfer them back into your Wallet. Currently, your ARB tokens are in the exchange.
Hit the “Transfer to Wallet” button that is placed above the Buy/Sell labels.
Select the crypto you want to transfer, in our case, it’s ARB and put in the amount you will withdraw. Once you click confirm, your ARB tokens will instantly go to your Wallet.
Now go to your Wallet tab and you’ll see your ARB tokens there.
Step #8: Transfer ARB from Wallet to aBOT
Once you’re inside your Wallet in the Transfer ARB label, select that you want to send your ARB to aBOT. Then select the total ARB tokens you wish to send.
Once you select the amount of ARB tokens you want to send, your ARB tokens will be given a dollar value in red.
Once you’ve done the transfer, the ARB tokens should be seen in your aBOT tab.
Now you’re ready to put the bitcoin exchange arbitrage at work for you.
Step #9: Put aBOT to Work
Once the transfer made at step #8 is completed, and you can see your ARB tokens in the aBOT tab you’re all set to start making profits from this cryptocurrency arbitrage website.
The aBOT will do all the trades, and it will only seek to take those arbitraging trades that have a good profit margin.
The aBOT software also provides you with a crypto arbitrage calculator so you can have an idea of the potential profits you can possibly make.
More on how to withdraw your crypto profits below:
Step #10: Withdraw Profits. Repeat Daily or Reinvest
We have tested the Abot and manage to gain 11% return in the first 18 days.
As a disclaimer, with trading, there is always risk involved, and you can’t have any guarantees. But you can always start small and test it out to see how it performs.
Note #3: ARBITRAGING.CO pays all the profits at the end of each day. The cryptocurrency profits are sent directly to your wallet. You can withdraw the money whenever you want.
Withdrawing your profits is a pretty intense process because you have to follow all the previous steps backward.
You have two options to withdraw your profits:
- Transfer Active to Wallet (STOP aBOT) – this will transfer all your ARB tokens to your wallet.
- Transfer Earned to Wallet – this will transfer all the ARB tokens that you have earned.
Note #4: Both options allow you to transfer partial amounts of ARB tokens.
Here are the steps you need to follow in order to withdraw your earned profits:
- First, choose between the two withdrawal methods and confirm the amount of ARB tokens you want to send to your Wallet.
- Now, go to the Wallet tab and send ARB tokens to Exchange.
- Go to the Exchange tab and sell the ARB tokens for ETH.
- In the Exchange, hit the “Transfer to Wallet” button and send your recently bought ETH.
- Go again to the Wallet tab where you’ll see your ETHs. Hit the big button that says “Withdraw” and make sure you introduce the correct MetaMask wallet address.
- Go to your MetaMask wallet and then transfer your ETH to your Coinbase ETH wallet.
- Once the transaction is confirmed you should see your ETH in your Coinbase wallet, where you can exchange ETH in your local currency.
Before you withdraw your profits you should also take into consideration the possibility to reinvest your earned profits and compound it to the moon. Simply click the “Reinvest Earned” button and you’re all set to make a ton of money.
Note #5: You can only reinvest balances over $250 worth of aBOT earnings.
You can also hold the ARB tokens if you want. If you see the potential and believe in this project that it can “go to the moon” you can HODL ARB tokens and make even more profits.
You can make some money with arbitraging trading software, but always do your own research, and only invest in money you can afford to lose all investing carries risk.
If you want to let the bitcoin arbitrage bot to do the heavy lifting work Sign UP for ARBITRAGING.CO and never miss an opportunity to profit from the price discrepancy between different crypto exchanges.
In summary, aBOT is a revolutionary decentralized platform that has the potential to disrupt the way investors and traders buy and sell crypto.
Thank you for reading!
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