Fintech Zoom – best crypto trading bots – One of the best things about cryptos is the ability to profit from trading them. Since their prices are not always stable and are largely decentralized – not regulated by a central authority, their are usually opportunities to tap into by making profits from the trading process as the prices and value shift.
These opportunities to make a profit requires a lot of knowledge and expertise particularly being able to read the crypto charts and predict undervalued cryptos that might gain more value and buying them when they are really low to make a killing. The basic idea, just like in stock exchange is to ensure that you buy low and hope in your strategies and analysis that the prices will rise in the nearest future.
The shift in prices of cryptocurrency is always much more sharper and can happen within minutes. If you are therefore not willing to buy and hope in a reasonable rise in value which happens over time then you’ll have to always have your hands on the keyboard, 24/7 ready to buy and/or sell depending on crypto market movements.
However there are trading bots that could help make the necessary switch (buy or sell) when needed.
A trading bot is a software process that is capable of receiving trading instructions (in parameters) and executing trades based in those instructions.
The crypto market has a whole lots of crypto trading bots that traders can choose from.
A few of the best include:
- CRYPTO HOPPER
With the automated crypto trading bot of Cryptohopper you can earn money on your favorite exchange automatically. Auto buy and sell Bitcoin, Ethereum, Litecoin and other cryptocurrencies.
- 3 COMMAS
Try 3Commas for free now. With 3 day access to PRO plan
WHAT YOU TRADE IS WHAT YOU PAY
No subscription required. Meanwhile you can boost your trading experience by holding some KRL, and get great benefits. Livetrading is billed in KRL every minute as 0.0333 % per day of the amount currently invested in strategy.
It’s important to do your own due diligence and check out the following attributes while shopping for bots.
2. Ease of use
3. Profitability rate and
4. Security of asset and user data.
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