You don’t need to explain what arbitrage is, do you? If you have spent any time investing in cryptocurrencies, you know that it is a way of taking advantage of opportunities that appear between different markets to make money. It is a better idea to explain the most basic and practical example to begin.
You must have heard about a website such as Coinbase, where you can buy and sell cryptocurrencies. These transactions are done in pairs, for example, if you want to buy Bitcoin, this will be done in a transaction with a certain number of Litecoins. It happens that in different exchanges the same crypto has different prices. The crypto arbitrage API allows you to take advantage of this differential pricing and make money.
If we give the example of the transaction mentioned before, we could say that if the price of Bitcoin on Coinbase is $10,000 while on another platform it is $9,500. You can buy Bitcoin on Coinbase and sell it at the other platform for a $500 profit.
So, how does this take advantage of NodeJS?
This programming language allows the developer to write asynchronous code in Javascript. In this case, the smart contracts are added so that you can make transactions from different exchanges.
Arbitrage opportunities are generated by:
A large number of supported exchangesA list of Supported Coins and Token pairsAn arbitrage bot with an easy to use interfaceA large array of data: prices, volumes, fees and moreA trade simulator that allows you to test arbitrage strategies without risk or money involvedAllows users to create their own exchange using their own rulesWith these advantages over other APIs, they were able to create a large community of users and offer them free plans as well as paid ones that allow you to make more transactions every day.
But honestly, even with all these options for free users and all the support for NodeJS, none of this matters if it does not work. If it does not work, everything is worthless. And I can assure you that it works better than anything else.
Each day hundreds of users sign up for this arbitrage tool and start making money with it because it
Supporting over 120 exchanges and 1400 pairs, you will find arbitrage opportunities with this API.
To make use of it, you must first:
1- Go to Crypto Arbitrage API and simply click on the button “Subscribe for free” to start using the API.
2- After signing up in Zyla API Hub, you’ll be given your personal API key. Using this one-of-a-kind combination of numbers and letters, you’ll be able to use, connect, and manage APIs!
3- Employ the different API endpoints depending on what you are looking for.
4- Once you meet your needed endpoint, make the API call by pressing the button “run” and see the results on your screen.
