Bots automate the manual actions a user would normally take when trading crypto. Based on conditionals you select, they execute buy and sell commands based on triggers called signals. The signals monitor the price movement of coins based on API connections with the crypto exchange, and then follow your commands when the market conditions permit. Using multiple signals can create complex trading strategies that are difficult to execute manually. Among the most common automated trading bots are DCA bots, Grid bots, Options bots, Arbitrage bots, and HODL bots.
Bots automate the manual actions a user would normally take when trading crypto.
Written by Ashley JosephUpdated over a week ago