All users are advised to read this manual guide in it's entirety and understand the bot's features, sophistication, how to set up and configure the bot according to this guide and set up a test trade to ensure understanding for 100% optimal performance on trades.
INTRODUCTION
This manual guides users on utilizing a Telegram bot designed for crypto arbitrage, leveraging exchange-to-exchange API, price fluctuations algorithms, and NFT API.
PREREQUISITES
- Telegram account
- Crypto exchange/cold wallet accounts (supported exchanges by the bot)
- Assets on the required token the bot that operates on.
BOT FEATURES
- Exchange-to-Exchange API: Real-time price data from multiple exchanges
- Price Fluctuations Algorithm: Identifies profitable arbitrage opportunities
- NFT API: Integrates non-fungible token trading (optional)
- Portfolio Management: Track and manage your crypto assets
- Alert System: Receive notifications on profitable arbitrage opportunities
- Arbitrage calculator: built to detect and calculate accurate profit on the go before Users gets to interact with it
SETUP AND CONFIGURATION
- Install the Telegram bot: Search for the bot's username and start a conversation.
- Fund your exchange accounts: Follow the bot's instructions to connect your exchange APIs.
- Set up notification preferences: Choose your desired notification frequency and types.
- Configure arbitrage settings: Define your risk tolerance, profit margins, and trade size using arbitrage calculator
USING THE BOT
Arbitrage Opportunities
- Receive alerts on profitable arbitrage opportunities before hand
- Review opportunity details: price difference, exchange rates, and potential profit
- Execute trades manually or automate using the bot
Portfolio Management
- Monitor your crypto holdings across connected exchanges
- Track profit/loss and asset performance
- Rebalance your portfolio as needed
NFT Trading (Optional)
- Explore available NFTs and their prices
- Buy/Sell NFTs using the bot's integrated marketplace
- Track NFT portfolio performance
Price Fluctuations Algorithm
- Understand the algorithm's parameters: price thresholds, market volatility, and timeframes
- Adjust algorithm settings to suit your trading strategy
- Monitor algorithm performance and adjust as needed
Troubleshooting and Support
- Bot FAQs and documentation
- Developer support (contact@korbitbot.com)
Risk Disclaimer
Crypto arbitrage carries risks, including market volatility, exchange fees, and potential losses. Use this bot at your own risk.
CONCLUSION
This manual has guided you through using Korbit bot for crypto arbitrage. Leverage the bot's features to identify profitable opportunities, manage your portfolio, and navigate the world of cryptocurrency trading.
ADDITIONAL RESOURCES
- Crypto arbitrage strategies and best practices
- Exchange API documentation
- NFT marketplace guides
- Arbitrage academy: where users are given a one-on-one tutorial on how to harness endless arbitrage opportunities on the Internet
BOT COMMANDS
- /start - Initialize the bot
- /help - Display bot commands and FAQs
- /Exchange2Exchange API - Configure and read prices from different exchanges and display the most profitable arbitrage opportunities
- /Korbit Arbitrage Academy - View available arbitrage opportunities harnessed by one-on-one coaching
- /Arbitrage-calculator - Monitor your profits ratio per capital
- /swap NFT - Explore and trade NFTs
Note: This manual is a general guide and may require modifications to fit your specific bot's features and functionality.
By interacting with the bot, you acknowledge
- You have read and understood this disclaimer.
- You assume and understand the bot's features to the specificity.
Proceed with caution and trade responsibly.