What does the bitcoin arbitrage trading bot do?

All the Bitcoin arbitrage trading bot does is buy a coin on one exchange and sell it on another.

What is a crypto trading bot?

A cryptocurrency trading bot is an automated trading software that analyses the market data and executes trade according to a pre-programmed set of rules made by the user. Put simply, a crypto trading bot helps individuals buy and sell cryptocurrencies at the right time and price.

How to arbitrage bitcoin?

As Bitcoin’s market grows, the gap between exchanges will narrow, as more and more people will conduct arbitrage. As for the ‘how’, nowadays almost all exchanges have an API which can become a useful arbitrage tool. Utilizing these APIs will allows you to create a custom arbitrage bot, so that you don’t have to sit in front of the computer all day.

Does a crypto arbitrage bot support multiple exchanges?

It stands to reason that when a crypto arbitrage bot supports multiple exchanges, that you will enjoy a higher level of opportunities across the leading cryptocurrency exchanges.