Cryptocurrency Arbitrage with disabled wallets
In our quest to make the most user-friendly crypto arbitrage platform we are happy to announce a new user-specific addition. Especially made for all crypto-enthusiasts
Bringing the functionality to see arbitrages for coins having a disabled wallet. Until now, KoinKnight just focussed on showing arbitrages where deposit and withdrawal of the cryptocurrency were enabled. Not anymore. We considered your feedback and added this functionality to support many users who wish to do arbitrage without the need of transferring coins.
Some of you may be wondering, what is the use for it?
If you are someone who likes to hold your coins in some preferred exchanges and then do arbitrage, then this feature is tailor-made just for you. Still not clear, give me an example to help you understand.
To perform arbitrage on coin X from exchange A to B with disabled wallets, the following conditions need to be fulfilled -
- The user should be holding coin X in exchange B.
- The user should have the cash to buy coin X in exchange A.
- There should be arbitrage from exchange A to B.
When the above conditions are fulfilled, the user can sell coin X in exchange B and buy the same coin X in exchange A. This way, you earn profit by “hodling” the coin and performing arbitrage on it.
You can see arbitrages with disabled wallets by switching ON “Disabled Wallets” as per the below image.
Please note that Disabled Wallets are only supported for Direct Arbitrages.
You can also set alerts for Direct Arbitrages for disabled wallets. Below is the screenshot for setting alerts for disabled wallets -
In the above image, you can see the Wallets field which has two options — Enabled and Disabled. Selecting Disabled will trigger arbitrages based on disabled wallets.
