KoinKnight is a cryptocurrency arbitrage search engine which helps you discover many arbitrage opportunities in the market. I've been searching for something like this recently and stumbled into this which seems pretty good. After some digging around it seems like it's worth a try.
The Mumbai, India based team that built this service provides many embedded tools to help you in making the quick decisions and converting huge profit without much risk of holding your coins.
Their algorithm does the task of searching and calculating all necessary things needed for the decision making whether to do the arbitrage or not among all major exchanges.
They have a customised alerts system to ensure you don't miss out on any pumps and dumps and any other opportunities in the market. However, as with any investment in the market, invest only that you are willing to lose. Some due diligence and your own research is always necessary.
You can do the following and more using the tools at KoinKnight:
Direct Arbitrage
As the name suggests, it is hassle free and easy to implement arbitrage. Just buy a coin from one exchange and sell it to another.
Triangular Arbitrage
Simplifying and calculating the most complicated arbitrage. Arbitrage with the highest return involved, buy a coin from Exchange 1 then convert in Exchange 2 and sell it at Exchange 3.
Intra-exchange Arbitrage
Cryptocurrency Arbitrage within an exchange. Do arbitrage in a blink of an eye, don't need to wait to transfer coins. Complete your whole arbitrage by buying and selling your coin immediately in different markets.
Loop Arbitrage
No need to worry about your money getting stuck in an unwanted exchange. Making available all the arbitrage opportunities which start and end in the same place.
You can find more information here and also check out their telegram channel here. They have some information on their arbitrage calculation here but please note that the prices are in INR.
I'm going to try this after the weekend is over and hopefully it will lead to some interesting results. If you've tried it or a similar service, please leave me some feedback in the comments below. I hope you find this tool useful.
If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:
- Why You Should Vote For Firepower As Witness—Witness Campaign Post From India!
- Steem.Chat Contest #66
You’re the best @firepower, well explained; I mean the Arbitrages.
If their prices is in INR, can foreigners still benefit?
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You can logon on to the site with your gmail and select USD and then search for Arbitrages. I'm just doing some due diligence now to see if the prices are indeed different enough to be profitable.
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Thanks a lot, let me check the site out first.
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Dude this is a very useful post!!!! Thank you
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You're welcome :)
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!tipuvote 1 ;)
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This post is supported by $0.45 @tipU upvote funded by @cardboard :)
@tipU voting service guide | For investors.
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Hi sir i m Mihir . Basically from Gujrat , India . As i am doing a job in private company and doing small small investment in crypto every month.
I am on STEEM from last 5 to 6 month and i see this blockchain have a great potential to grow in future.
If you are able to approach any good indian exchange like Bitbns OR wazirex to list STEEM on their exchange that will be really good for indian crypto trader to introduce a good project like STEEM . They can buy STEEM through indian fiat and it will be win win for all.
Thank you .
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I've tried in the past but they have their own agenda and also prefer core teams of coins approach them for listing than users. High hype coins are usually preferred even if the project is shit. Hopefully one of them will list or an alternative approach will come up soon. :)
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I have always wanted to do arbitrage but every time some or the other thing comes my way but i will try it out may be not to get profit but for experience.
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Nice to see Indian people here in this platform. I am confused by this crypto world as I had recently listen the word cryptocurrency. Hope you will help me and give me knowledge about this world.
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Congratulations @firepower! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board
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STOPTo support your work, I also upvoted your post!
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You got a 49.89% upvote from @ocdb courtesy of @firepower! :)
@ocdb is a non-profit bidbot for whitelisted Steemians, current max bid is 24 SBD and the equivalent amount in STEEM.
Check our website https://thegoodwhales.io/ for the whitelist, queue and delegation info. Join our Discord channel for more information.
If you like what @ocd does, consider voting for ocd-witness through SteemConnect or on the Steemit Witnesses page. :)
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I am the founder of KoinKnight and glad to see a blog on KoinKnight. Thanks for the detailed description of KoinKnight.
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