Crypto Bot Trading

11/20/2020

Crypto trading bot are software programs that trade on your behalf with a given set of instructions or rule criteria to help you automate your trading strategy and take full advantage of the crypto exchange market.

In order to use a crypto trading bot you will need to connect it to a crypto exchange account using something known as API or ApplicationProgramming Interface. Basically, that API gives your trading BOTS the ability to place trades programmatically at the exchange. As a result, you can execute trades in your sleep.

Benefit of Crypto Trading Bots

● Efficiency

Bots enable you to trade 24/7 and execute trades in your sleep. You will never miss out on another trading opportunity ever again. Bots can look and trade upon multiple areas simultaneously. This ability to multitask makes bots more efficient than humans.

● Emotionless

They don’t have human emotions, and they are not attached to money. Those BOTS trade based upon the rule criteria set by them. That means you are less susceptible to any kind of anxiety or insecurity.Markets manipulations and huge price fluctuations, therefore, don’t affect their functioning.

● Running period

The opportunity cost of not being on top of the market 24/7 is that you miss many opportunities to make more profit. Unlike humans though, a trading bot can run 24/7 and thus never misses opportunities.

● Increased speed

Automation in general eliminates human errors and avoids any kind of manual delays. Bots allows enhancement of productivity in your trading. Here, you have to just overview the bots performance and reassess the strategies if necessary. Otherwise, all other things are handled by the bots for you thus by increasingthe speed of your trading.

How can you start crypto trading bot for Binance?

Botsfolio provides pre-made crypto trading bots which you can use without any trading or coding skills. Different bots with long term/short term strategies trade to manage the whole portfolio value. Currently it supports only Binance integration. With Botsfolio you don’t have to configure anything.

  • You just choose how much money you want to allocate to a particular strategy.
  • Link your Binance account to Botsfolio with API keys.
  • Crypto trading bot starts executing trades from your Binance account.

You Might Also Want To Read

Crypto Trading Bots in 2021 | Best 5 Bi…

Bitcoin and Cryptocurrency are the names that are dragging attention of all kinds of peop…

Popular Open-Source Crypto Trading Bots

Cryptocurrency trading bots are an increasingly popular tool for nearly all crypto trader…

The Best Bitcoin Trading Strategy - 5 S…

Bitcoin is the hottest trading market right now. It is hotter than stock trading, oil tra…

10 Strategies When Your Crypto Portfoli…

Being a short-term trader or a long-term investor, at times you find your crypto portfoli…

Ichimoku and Fibonacci Technical Analys…

The name may sound long and complex, but rest reassured that Ichimoku Kinko Hyo only make…

Crypto Currency Investment Strategy: Mi…

Any experienced crypto trader would agree that you can get better returns, whether they’r…