Last Updated on May 1, 2023 by cryptocreed
If you are a trader or planning to start trading then you should use arbitrage trading instead of simple trading. Let’s understand more about KoinKnight in this Koinknight reviews article.
Arbitrage is the process of buying and selling the same coin at different rates on different exchanges.
For example, you purchased BTC at the rate of $100 from Binance and sold that BTC for $115 at Kucoin. This whole process is known as arbitrage.
But arbitrage is not as simple as it looks, prices are changing simultaneously, and tracking it is not easy. Hence there are tools like KoinKnight that help you to understand where to buy and where to sell.
Also, check out the article on the list of arbitrage platforms.
Let’s start our KoinKnight review.
Join Binance & Kucoin using the following link to save a 40% trading Fee.
What is KoinKnight?
KoinKnight is the Google for arbitrage traders, as per their website it is an arbitrage search engine that allows its users to take quick decisions and make huge profits without taking much risk.
It has headquarters in India, mentioned office address is as follows “501, Keshav Residency, Brahman Sabha Marg, Malad West, Mumbai, Maharashtra 400064” and the phone number is +91 750-7815-774.
It is automated price tracking and showing a profit by using exchanges API. The prices provided are for real-time and they can change anytime if you want to make a profit then do check prices on exchanges as well.
Exchanges Supported By KnoinKnight
But things to remember here is that not all supported exchanges are active, they have listed some inactive exchanges too in their list, but not to worry as they will not appear on your trading list.
KoinKnight Arbitrage Features
Arbitrage:- The main feature is arbitrage which we all know. You can find arbitrage opportunities for different coins and exchanges.
Set Alerts:- Users can set alerts for specific coins and exchanges. You will get notified of each activity for the selected coin.
Orderbook Comparison:- You can compare the prices from the order book itself.
Downloadable Reports:- You can download arbitrage and analytics data from the platform. And you can check if you want to utilize it or not.
Referral Earning:- They have an attractive referral commission program. You can earn up to 20% of the referral commission.
Using KoinKnight API is easier than ever.
Want to do arbitrage trading on your own app or web or want to integrate arbitrage features on your app then you should use their API for sure.
API might not be available for free as they didn’t mention anything about its price. You have to contact them by sending a message to get access to Koinknight API.
Open Your Account
You can either create an account by purchasing their 10 days, 30 days, or 90 days plan. If you just want to test their platform then you can do it by just registering on their website.
KoinKnight Is Legit Or Scam?
This is a common question that arises with every platform if it legit or a scam? Some claim that the KoinKnight scam. It is 100% legit and common with an official office location where anyone can go and meet them.
They are also very active on their social media where they try to provide help as well, till now most customers are satisfied with their software or platform.
According to public reviews, the platform is very trusted. It has a rating of 4.6 out of 5 from 18 reviews from Google.
There are a few more alternatives that you can use instead of Koinknight. Following are the best and most trusted arbitrage opportunities and platforms.
- BitsGap:- It is a crypto arbitrage bot that allows you to do trading and arbitrage trading within a single platform. They show you the latest crypto arbitrage opportunities.
- HaasBot:- It is a part of the HaasOnline which is an advanced crypto trading platform. You can start using their platform as low as 0.006 BTC for 3 months and 0.039 BTC for 9 months with all features.
If you want to check out the list of best cryptocurrency arbitrage platforms.