Understanding automated crypto trading bots
Cryptocurrency trading is profitable, but traders make profits in different ways. There are hodlers (who hold their assets) and daily traders; who buy low and sell high on an exchange. There are also experienced traders, who do arbitrage trading, a form of automated trading. And that’s what we’re going to talk about here.
At any given time, several crypto exchanges display different prices for their currency pairs. This is because the exchanges are not connected. The buying and selling activity on a particular exchange determines the price of the asset on that platform based on demand and supply. This is where crypto-arbritrage traders make their profits.
For example, Bitcoin could sell for $10,000 on exchange X and $10,100 on exchange Y. This difference between the two exchanges allows a trader to buy Bitcoin on exchange A and sell it on exchange B. This represents a gain of $100 — multiplied by the number of bitcoin units the trader was able to trade. And the difference between the platforms can be very huge! However, you have to take into account the transaction fees that reduce the margins.
Presentation:
Swapnex is a crypto-arbitrage platform, it allows traders to buy and sell crypto in seconds on several markets simultaneously (currently more than 20 exchanges). Swapnex.io is placed on all the most popular currency exchanges, all on one website, giving the opportunity to open and close orders quickly at the most advantageous prices. It offers traders the opportunity to trade 13 crypto currencies and more are being added little by little, such as DASH this week.
The platform promises to develop further in the coming months. Do not hesitate to visit the roadmap : swapnex.io/roadmap
How it works?
You have two choices:
- Manual trading, you have to prove yourself and find the best trades to make.
- Auto trading with different choices of program depending on its duration and the number of automatic trades per day. On 02/18 the 120-day programme was launched !
Each trade launch has a minimum amount depending on your choice of crypto, 50USDT or 0.0013BTC with a recommendation of 250USDT or 0.0065BTC. Only the newly added program requires a minimum amount of 2000USDT (the VIP one).
How to start?
To start with this arbitration bot :
- Log on to swapnex.io
- Register with your email address and password
- Choose the wallet to transfer to
- Go to the “trading” tab
- Start your manual trading or start an auto program
Disclaimer: We are not financial advisors nor Crypto Experts. All opinions shared are from our own experiences and are for educational purposes only. Planning to invest? Invest only what you can afford to lose and also do you own researches. Even if we try our best to get the most information, we cannot guarantee that the programs we share with you will keep working.
Advantages of swapnex.io
- High profitability (about 0.5% per trade)
- Wide range of accepted coins
- Withdrawal possible at any time and for any amount
- User-frendly
Disadvantages of swapnex.io
- Auto-Trading cannot be closed before the end date
- Only crypto payments are accepted
My experience so far
I share with you my experience after a few days on the Swapnex.io platform.
I started with an investment of 800 USDT spread over several different programs. As you can see below :
USDT-LTC with an average of 0.5% per trade, so 2% per day!
USDT-ZEC average at 0.43%
USDT-XRP average at 0.60%
USDT-TRX average at 0.55%
On the whole the average is around 0.5% per trade !
I have also been able to experiment with manual trades, very intuitive and easy to use, which generally pay off when you spend a little time on them.
Affiliation
I am joining the team of Jor. Here at 10percentminimum we test investment programs, share our experiences, informations and analysis with you. Using our affiliation links is the best way to support us and allows us to hunt more investment programs. When the referral link will be activated, we’ll added you to our referral giveaway list! Once you’re into the referral giveaway list, you can win giveaways just by being in that list!
Here is our referral link: swapnex.io
If you are interested in the article, do not hesitate to give me your opinion. Do you want more information about the platform? Let me know ;)
If you plan to invest into Swapnex.io, let us know what’s your strategy! And if you don’t have any, well, choose one! And as always, only invest what you can afford to lose, make your own research and be cautious. Nothing is less sure than investments.
Moffice
