Question 1

How do I set up API keys for Bittrex and Poloniex with ArbitrageBot?

Accepted Answer

The README doesn't detail API key setup; you'll likely need to modify the code or use environment variables. Start with dry-run mode to test without keys, but ensure secure handling for live trading.

Question 2

What's the best minimum profit threshold to use in volatile markets?

Accepted Answer

The default is 1.01 for a 1% difference, but adjust based on exchange fees (e.g., 0.05% each) and market conditions. Higher thresholds reduce false positives but might miss smaller opportunities.

Question 3

Can ArbitrageBot handle multiple cryptocurrency pairs at once?

Accepted Answer

No, it's designed for one target and base coin pair per instance via command-line arguments. For multiple pairs, run separate instances or modify the code to loop through pairs.

Question 4

How does ArbitrageBot compare to other crypto arbitrage bots?

Accepted Answer

ArbitrageBot is simpler and focused on Bittrex and Poloniex, making it good for learning or specific setups, but it lacks features like multi-exchange support or advanced algorithms found in commercial bots.

Question 5

How to run ArbitrageBot in dry-run mode to test strategies?

Accepted Answer

Use the -d flag when executing the script, as shown in the usage section. This simulates trades without API keys, allowing you to validate profitability without risking funds.

Question 6

Is ArbitrageBot safe for live trading with real money?

Accepted Answer

Use dry-run mode first to test. For live trading, secure your API keys and be aware of risks like exchange downtime or API rate limits, which the bot may not fully mitigate.

Question 7

What happens if Bittrex or Poloniex changes their API?

Accepted Answer

The bot might break, as it relies on specific exchange APIs. You'd need to update the code manually, and the project doesn't mention automatic updates or community support for such changes.

ArbitrageBot

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