Automated Bitcoin trading

Automated Bitcoin trading

Bitcoin is the progenitor of all cryptocurrencies and still remains one of the most attractive and profitable options for buying or selling. Despite the fact that its exchange rate is unlikely to change as actively as in the first years of the existence of the token, it is still worth keeping track of changes, looking for the most profitable conditions for yourself.

At the same time, it is not necessary to do it yourself, there are special programs that automate all processes as much as possible, carrying out transactions without you. To use the bot for bitcoin auto trade, you just need to install the software and enter the necessary parameters by which the program will look for exchanges to buy Bitcoin.

Many bitcoin auto trading software programs also work with other cryptocurrencies, including Ethereum, Dogecoin, etc.

Features of bitcoin auto trading 

Bitcoin automatic trader is a special program that works 24/7 according to the parameters you set. A properly configured bot is able to provide portfolio management, as well as order routing, data collection from various exchanges, etc. 

The following bitcoin auto trader options are used for Bitcoin:

  • Pionex; 
  • Cryptohopper; 
  • Bitsgap;
  • HaasOnline; 
  • Traality;
  • Coinrule;
  • 3Commas. 

The main positive aspects of using programs for auto trading:

  • Performing repetitive tasks that can require a lot of time and effort from a trader. Most of the tasks will be performed automatically and thus save your time.

Choosing the right time to trade and instant reaction. Sometimes fluctuations in the cryptocurrency market occur while you are sleeping or doing your own thing. At such moments, the btc auto trader is extremely useful: it notices a change in the rate at the same second and can make a deal if it adjusts to the parameters.

How to choose bitcoin auto trading bot?

Due to the diversity that exists today in the bitcoin auto trading platform software, choosing a cryptobot is becoming increasingly difficult. Please pay attention the use of such tools is not recommended for beginners. Before to start, you should carefully familiarize  with the features of the cryptocurrency market and develop your own effective strategy. Only after that you can start working with platforms for bitcoin automate trading.

How to choose the right option? There are a few tips to help you to choose a particular program: 

  • Try the free version if available. Find a bitcoin automated trading platform that is free or has a trial version. It will allow you to check the entire functionality of the cryptobot.
  • Availability of backtesting function. Such bots will be able to compare previous exchange rate fluctuations and, based on them, make a forecast for the near future.
  • Cloud or server bot? Cloud systems are the most convenient in work.
  • Trader support. This is not only advice and assistance in solving problems, but also the presence of small video tutorials or a blog that talks about the principle of the cryptocurrency market.

In fact, bitcoin automated trading is ordinary software, which, moreover, is often not controlled by anyone. This means that you will not be able to completely rely on him and step aside from the business of buying and selling cryptocurrencies. You need to regularly monitor the work of the cryptobot, as well as carefully configure the program, defining exactly those criteria for finding and concluding a deal that are most beneficial for you.