We have several services and each of them has its own capabilities, advantages and disadvantages, and in this article we would like to help users to decide which one is suitable for each specific person
Contents:
P2P-Scanner
Arbitrage Scanner
Hops-bot
Conclusion
P2P-Scanner
P2P Arbitrage involves exploiting price differences on peer-to-peer platforms, using bank cards and direct bank transfers to move funds between users' accounts.
Successfully executing this type of arbitrage requires some knowledge and training. Since direct fund transfers between users carry the risk of human error and fraud, it's crucial to be well-prepared and remain vigilant to mitigate these risks and avoid potential pitfalls.
To get started with P2P Arbitrage, you'll need a minimum deposit of $400, and the profit margin, or spread, can range from 0.1% to 5%, depending on various factors.
Since P2P Arbitrage involves high volumes of fund transfers through bank cards, there's a risk of cards getting blocked. To avoid this, arbitrage traders often rely on "drops" – individuals who lend their cards for transactions. By limiting transactions to one or two per day, you can minimize the risk of card blocking and sustain your activity for a longer period. However, if you plan to make P2P Arbitrage a full-time endeavor, it's essential to explore additional card options to ensure uninterrupted operations.
P2P Arbitrage can be carried out on a single exchange or across multiple platforms.
Our Scanner sifts through the market to identify arbitrage opportunities, applying multiple filters to deliver clear, step-by-step guidance on how to capitalize on them.
Arbitrage Scanner
With the Arbitrage Scanner, you can tap into profitable opportunities by executing arbitrage trades through various exchangers.
To successfully execute this type of arbitrage, you'll need to have some degree of training and knowledge of cryptocurrencies, transfer networks, how exchangers work, and other related aspects.
The minimum investment for this type of arbitrage is $500, but for better returns, it's recommended to deposit more. The profit margin, or spread, can range from 0.1% to 5%.
The key difference between exchanger-based arbitrage and P2P Arbitrage is that it doesn't involve bank cards, which means you don't have to worry about limits, drops, or card blocking.
This arbitrage can be carried out on a single exchange or across multiple platforms.
Like P2P Scanner, Arbitrage Scanner sifts through the market to identify arbitrage opportunities, applying multiple filters to deliver clear, step-by-step guidance on how to capitalize on them.
Hops-bot
Volatility and human error can create price differences even within the same exchange's spot market. Hops-bot capitalizes on these opportunities, autonomously identifying and executing trades. What sets it apart is its fully automated operation and ability to run 24/7, even when the user is away from their devices.
To get started with the bot, simply link your exchange API keys and choose the assets you want to trade.
Unlike P2P Arbitrage or exchanger-based Arbitrage, Hops-bot doesn't require extensive theoretical knowledge, but it's still important to read the user guide.
The deposit required to operate Hops-bot starts at $100, and the spread can reach 1%.
No bank card is required to use the bot; all trades are executed on one exchange.
Conclusion
P2P-Scanner | Arbitrage Scanner | Hops-bot | |
Complexity | Training required | Training required | No training required |
Spread | 0.1 - 5% | 0.1 - 5% | ~5% |
Deposit | From $400 | From $500 | From $100 |
Bank cards | Required | Not required | Not required |
Automation | No | No | Yes |
Link duration | 5 - 60 minutes | 5 - 30 minutes | 1 - 20 minutes |
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