Hivereck introduces an innovative trading bot that simplifies arbitrage trading
Manisha Agrawal Posted On August 19, 2019 
Hivereck, a London based software solutions company, introduced a trading bot that is helpful for both novice and professional traders. Its algorithm allows users to simultaneously place orders on several currency pairs of different exchanges to identify and use their price difference to benefit.
Hivereck allows its users to deposit their account with various Cryptocurrencies including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) among others. Once your account is active, you can trade in 75 global crypto exchanges and 1500 markets so that the trader has maximum exposure.
With over 70 Altcoins and some established cryptocurrencies, including Bitcoin, the market will be increasingly difficult to be predicted. As Hivereck tool allows multiple cryptocurrency pairs to be traded at any time, this assists today’s trader by simplifying arbitrage trading and increasing potential returns. Arbitrage trading is being used by both novice and experienced traders alike to buy low and sell high on global currency exchanges, with potential to make substantial returns across the market.
In the past, traders were required to possess detailed knowledge of the exchanges, their fee structures, APIs to place successful trades. Hivereck’s tool makes it easier to do these things. To get started with Hivereck, you first need to register an account, activate and deposit your currencies to your wallet and then choose USD or BTC for your earnings. After full verification, users will be able to use fiat currencies for trading, and depending on asset values, can withdraw funds every 24 hours.
Many cryptocurrency exchanges offer the same currency pairs, but the rates between them vary from 1% to 15%. On a good day, Hivereck bot allows its user to enjoy average profits of 2% to 7%, and the profits are ready to be withdrawn 24 hours after the trade.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
