Place/Date: London - August 13th, 2019 at 9:57 am UTC · 3 min read
Contact: Hivereck support team, Source: Hiverek
As the global outlook for cryptocurrency and traditional forex continues to prove hard to predict, arbitrage trading is increasingly being used by both novice and experienced Altcoin & Bitcoin traders. This new tool helps all levels of traders to mitigate transaction exposure and boost profits.
Arbitrage trading is a widely used strategy to buy low and sell high on global currency exchanges, and with the potential to make strong returns is a popular tool across the market. In the past, traders were required to possess a detailed knowledge of the exchange, fees structures, and API’s, to place successful trades.
Hivereck is an innovative new trading bot that levels the playing field – its simple algorithm allows users to simultaneously place several currency pairs between different exchanges in order to identify and exploit price differentials between them.
It’s easy to get started with the Hivereck platform, all you need do is register an account, activate and deposit cryptocurrencies to your wallet and choose USD or BTC for your earnings. Once fully verified, users are also able to use fiat currencies to trade and depending on asset values can withdraw funds every 24 hours.
Hivereck users can deposit their account with a range of currencies including BTC, LTC, ETH, QTM, and USD to name a few – once the account is active and with funds, you are ready to trade with over 75 global crypto exchanges supported and 1500 markets followed giving the trader maximum exposure.
Many cryptocurrency exchanges offer the same currency pairs but the rates between them can vary from 1% to 15% – for the Altcoin or BTC trader of today, this offers great earning potential. The Hivereck bot allows users to enjoy average profits of between 2% and 7% on a good day and profits are ready to be withdrawn only 24 hours after the trade.
With over 70 Altcoins and a handful of established cryptocurrencies including Bitcoin, the market is difficult to predict at best. The Hivereck bot allows users to transact multiple currency pairs at any one time – the bot is the perfect tool to assist the digital currency trader of today by simplifying arbitrage trades and increasing potential returns.Users can enjoy maximum returns with Hivereck and make arbitrage trading that little bit easier.
Hivereck is an arbitrage trading bot that trades several pairs between numerous exchanges with company funds plus the funds deposited and locked by users around the globe.
Disclaimer: Hiverek is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or any value at all.