The Coingapp mobile application gives crypto traders a chance to profit from price differences between various trading platforms. The app compiles market data from several dozen crypto exchanges to offer suggestions about where to buy low and where to sell high.
App Tracks Global and Regional Platforms
The Coingapp software is free and available for both Android and iOS devices. It allows users to find arbitrage opportunities by tracking cryptocurrency exchange rates on multiple trading platforms. Coingapp follows over 40 digital asset exchanges including global leaders like Binance, Kraken and Okex as well as regional platforms such as Exmo and Btcturk.
The app provides a number of filtering options that let you select your favorite trading websites, cryptocurrency and fiat markets. It lists the trading opportunities with ‘buy from’ and ‘sell at’ suggestions, while showing the price difference in percentage points.
Trades are evaluated and their status is indicated in three different colors: “convenient trades” are marked as green, yellow means low volume, and red serves as a warning when deposits or withdrawals are disabled, for example.
Disabled trades can be hidden from the main screen and a warning for low volume trades can be preset at a desired level. The app has an auto refresh feature that can update the list of trading opportunities every 10 seconds.
Do you know of other mobile applications offering similar functionalities? Let us know in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies or any of its affiliates or services. Bitcoin.com and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. This editorial is for informational purposes only.
Images courtesy of Shutterstock, Coingapp.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The post Coingapp Allows You to Exploit Arbitrage Opportunities Between Exchanges appeared first on Bitcoin News.
source : news.bitcoin.com
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