Auto Trading | Cupocoin - Automatic cryptocurrency trading

What are the best trading cryptobots?

Today, more and more traders use bots to trade cryptocurrencies. This is a special software that allows you to automate the strategy and reduce the time spent tracking current changes in the crypto market.

With the help of an auto trading robot, you can trade one or several different cryptocurrencies on a different number of platforms. Let’s take a look at how automated crypto traders work and how to identify the best bots.

Proper setup and use of auto trading bots allows you to significantly increase profits, since it completes transactions only according to the requirements that you set.

Features and types of auto trading bots

Auto trading robots is an automated computer program that allows you to conduct trading operations and transactions with minimal trader intervention. Scilicet, they automatically trade, look for the most profitable offers, comparing the prices of cryptocurrencies, etc. The best auto trading software uses automated as well as intelligent technologies.

Bots can be:

arbitrating

for lending to organizations

for margin trading

Today, auto trading sites are used by just under 40% of traders. However, if we take into account the sum of all the given financial resources, this figure increases to 85%. That`s why, the largest part of the money moves and comes from bots. The main thing is to choose reliable tested programs and configure them correctly.

The most effective today are auto trading platforms, which combine 2 types of trading strategies: automated and manual.

How to identify the best cryptocurrency trading bot

The work of many modern cryptobots is based on artificial intelligence, as well as painstaking machine learning. The creators use intelligent technologies for the most accurate collection of data in the field of the cryptocurrency market in real time.

After a detailed analysis of the information and comparison of data with the trading strategies selected by the trader, the bot can send a request to conduct a particular transaction and execute it after confirmation.

Rise your prices

Some types of crypto auto trading bots, such as arbitrage bots, can predict future crypto prices. To do this, they analyze the entire history of the token, allowing you to see the prospect of rising or falling prices.

If you are looking for the really best services, pay attention to those that work with several information sources at once, including even news sites. Ideally, the bot should be able to distinguish which news is relevant and which is not.

Of course, any auto trading system makes a profit only if it is properly configured. This means that the trader needs to deal with cryptocurrencies in advance, it is even possible to test the bot in order to trust him in the future and larger transactions. If this is not done, there is a risk of losing a large amount.

Among the proven and reliable bots for cryptocurrencies:

eToro

NAGA

CoinRule

CryptoHopper

TradeSanta

Shrimpy.io

Zignaly

Botsfolio

HaasOnline