In order to set up a cryptocurrency trading bot, a trader has to make a few decisions. To begin with, what type of bot would you like to use? Choosing a crypto exchange is the next step. After that, you'll need to decide which trading rules to configure the bot with. This includes creating a trading strategy and choosing signals that will determine when the bot trades. You can also choose a preset template that already contains all of these trading rules, greatly simplifying the process.