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- As long as the market is moving and stays within the specified range, the Bitgap trading bot produces revenue in the quote currency
- Bitcoin arbitrage is the process of buying Bitcoins on one exchange and selling them at a higher price on another
- Every good Crypto Trading Bot should be trustworthy, its codebase should be strong, and should be diversified and self-sufficient
- If the Crypto trading bot is written in a good codebase then it is more reliable
Bitsgap Crypto Trading Bot
Bitsgap in one sentence: Bitsgap is a trading bot that allows you to combine all of your crypto exchange accounts and trade from a single interface.
Bitsgap automated trading Bots are based on the straightforward approach when your investments are distributed proportionately in the chosen range allowing you to make a profit little by little on every market move. Once the price starts moving and hits the line order becomes executed and a new buy or sell order is placed instead. Every completed sell order will bring you just a small amount of profit, giving you a more stabilized return on the distance. This kind of investment distribution allows you to have better control of the situation if the price rapidly changes direction.
On top of that, having a fully optimized high-frequency trading algorithm allows the bots to execute trades with insane speed. The Bitgap trading bot generates profit in a quote currency as long as the market is moving and stays in the predefined range. It is a cloud-based solution so even when you close the website and turn your computer off, the active bot will continue working for you. With automated trading you let the bot use your available cryptocurrencies to generate extra profits for you in other currencies.
Another important thing that should also be mentioned while talking about the best bots to trade crypto is that Bitsgap automation is a time saver. This means that people do not need to spend hours in front of the computer on manual trading. Besides, it is emotionless. Bitsgap automated bots only care about the volatility to save the right moment to execute a trade.
Additionally, it almost guarantees a consistent profit. It has high-frequency, non-stop high-speed trading, and finally, it offers the traders the chance of investment protection. As the bot generates profits to offset the negative value change in case of the falling market. So if you want to find out the best crypto trading bots, you should know that Bitsgap is truly one of them which will help you to maximize your overall return and to protect you from the falling market.
Blackbird Bitcoin Arbitrage (BBA)
BBA in one sentence: Blackbird Bitcoin Arbitrage is a C++ trading software that works long/short arbitrage across Bitcoin exchanges automatically.
Unlike the other Bitcoin arbitrage methods, Blackbird short sells Bitcoin on the short exchange rather than selling it. This feature has two significant advantages. To begin with, the approach is always market-neutral: changes in the Bitcoin market (whether it is up or down) have no effect on the strategy's results. This eliminates a significant risk from the plan. The Bitcoin market may suddenly drop half its value, but this will have no effect on the strategy's profits.
On top of that, another important thing that should be mentioned while talking about top crypto trading bots is that this method does not necessitate the movement of funds (either in USD or BTC) between Bitcoin exchanges. The buy/sell and sell/buy trading operations are carried out separately on 2 distinct exchanges. The benefit is that there is no need to worry about transfer latency concerns.
Bitcoin arbitrage is the practice of purchasing Bitcoins on one exchange and selling them on another at a greater price. Varying exchanges will have different Bitcoin values, and some people may take advantage of this to make money out of nothing.
One benefit of this sort of bot is that you are not selling coins that you own; rather, you are exploiting market gaps. Blackbird is a useful technique in any market situation since it is unaffected by market volatility. Even if Bitcoin falls half of its value in a single day, the bot's trading approach will remain unchanged. Furthermore, the arbitrage technique operates in parallel on several exchanges, eliminating latency concerns and allowing bots to make profitable trades anytime an opportunity is spotted. At the moment, Blackbird is only a Bitcoin automated trading bot.
Therefore, it is not surprising why Blackbird Bitcoin Arbitrage (BBA) is considered to be one of the top-rated crypto trading bots to try out.
What A Good Crypto Trading Bot Looks Like
Crypto trading bots allow traders to trade based on data and trends rather than emotional feelings. In general, this tends to increase their earnings, reduces their risks, and lowers their losses across exchanges. Moreover, bots may generate passive revenue 24 hours a day, and seven days a week. Besides, every good crypto trading bot should be trustworthy, its codebase should be strong, and should be diversified as well as self-sufficient. We will analyze each factor briefly down below.It Is Trustworthy
One of the greatest advantages of using top-rated bots to trade crypto is that it is very trustworthy. This means that traders should not be afraid of any further obstacles and errors while trading in the crypto market. The reliability of trading bots is based on their good history and a very big number of satisfied clients around the world. People who are interested in crypto trading bots and want to take their first steps into this field can totally benefit from their trades as they will not be scammed and their money will definitely not be lost. It is not surprising that sometimes safety and security is the most important aspect which defines the overall result of the trading and the amount of money the trader manages to generate.The Codebase Is Strong
A crypto trading bot is nothing but a bunch of code. If it is written in a good way then, of course, it will be much more reliable. It is best for the trader to have a developer friend go through the code and ask for their opinion.
You probably wonder which programming language is better for algorithmic trading. The simple answer is that there is no such thing as a "best" language. All strategy factors, efficiency, modularity, development, resilience, and cost must be taken into account. There are several key elements of an algorithmic trading system, such as the research tools, portfolio optimizer, risk manager, and execution engine.
So if the Codebase of a certain algorithmic trading system is strong it means the platform will have fewer errors and traders will manage to process their trading without any further barriers or obstacles. On top of that, it will be beneficial for them in terms of generating a substantial amount of wealth while trading in the crypto market.