Unlike stock markets, cryptocurrency markets don’t close, and this presents a very stressful scenario for both casual investors and seasoned traders in the industry. The cryptocurrency market is also very volatile.
In the event that you’ve been kicking yourself for not getting in on the ground floor of blockbuster coins like Ethereum and Bitcoin, you should think about investigating putting resources into an ICO (Initial Coin Offering) but it’s a bit risky. And if you’re a crypto investor, you’re probably familiar with the feeling of waking up to massive losses or large gains in your portfolio.
A trading bot is software that collaborates straightforwardly with financial exchange and submits a purchase or sells requests depending upon the elucidation of the market information. The top 5 crypto trading robots that are currently operating in the market are listed below;
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3Commas:
3commas is one of the most famous electronic crypto exchanging bots. It supports numerous devices and supports over 12 exchanges and so its users can track multiple orders on various exchanges and develop informed trading strategies.
3 commas enable you to make maximum profit by allowing you to simultaneously establish the price point at which you wish to sell to make a profit and the price point at which you wish to sell to stop losses.
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Kryll.io:
Kryll.io is a cloud-based platform for automated trading that allows creating your strategies with their unique Drag n‘Drop builder. Alternatively, you can buy one in their marketplace where users can monetize their strategies.
After running a back-test of a certain strategy, one can estimate how much it will cost. This trading bot is loaded with new-age features to facilitate seamless automated trading.
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Gunbot:
Gunbot is another popular trading bot that is compatible with several trading platforms including Binance and GDAX. The bot has 32 different pre-configured trading strategies which give users a wide array of options to generate some passive income.
It features lots of inbuilt strategies which include Bollinger Band, Ping Pong, and Step Gain. Most of its users think that the BB strategy is the best and will rake in huge profits for them.
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Cryptohopper:
Cryptohopper utilizes cloud technology to keep the bot running 24/7, unlike most trading bots that run on the local machine and run only when the PC is turned on. Their bot is also very easy to pick up for new users because they are the only trading bot to embed external signalers, allowing inexperienced traders to let their bot trade on autopilot under the expertise of these signalers.
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CryptoTrader:
Cryptotrader is one of the most well-known standard bots, which clarifies why it underpins such a significant number of cryptographic money trades. With its large community of users, there is no doubt that we are dealing with a legitimate project.
Conclusion:
To be a successful trader, you need to have a lot of technical understanding of the market and cryptocurrency trading trends. Therefore, https://insidebitcoins.com/bitcoin-robot/bitcoin-trader which is an auto-trading software will assist in making trade decisions regarding rising and fall.
