The main feature of the cryptocurrency market is its high volatility. The cost of digital coins changes very fast and completely unpredictably. Thus, crypto trading bots are popular among traders. Users can find the best crypto trading bots on the Cryptorobotics platform. These bots facilitate you to track quotes 24 hours a day, be risk-averse, and enter and exit trades faster and more efficiently. Let’s consider in detail, what crypto trading bots are and how they work on Cryptorobotics platform.
What is a Crypto Trading Bot?
A crypto trading bot is a software with special algorithms that allows you to analyze data from crypto exchanges and makes it possible to use additional features for more efficient trading.
What are the Best Crypto Trading Bots?
The best bitcoin trading bots are considered Optimus, CyberBot, Crypto Future, Channeler AI, and Trader Holder. All of these crypto bots are available on the Cryptorobotics platform and each of them was designed to open orders in accordance with particular market trends. Thus, before choosing the bot, traders should investigate what characteristics and features the bot has. Let’s take a closer look at each of these crypto trading bots.
Optimus
Optimus is a crypto trading robot that was created to trade automatically in the flat market. That is to say, it enters trades during low volatility in the market. Every trader can customize this bot to simplify the trading process and make it more effective.
CyberBot
CyberBot is designed to trade in the rising market when the market has a positive trend. It never makes deals against the trend that contributes to minimizing the losses and increasing the chances of generating returns.
Crypto Future
Crypto Future is a crypto bot that allows users to open short and long positions in crypto trading. That is, it can enter trades both in growing and falling markets. These cryptocurrency trading bots are divided into three types and differ in the level of risk management, as well as the number of main trading pairs.
Channeler AI
This type of crypto trading bot is grounded on machine learning. Due to a neural network analytics system, It determines the crypto pair fluctuations and starts the trading process after confirmation of the trend. Channeler AI can enter both long and short positions during trading. One more advantage of this crypto trading is that a Stop Loss is configured by default for avoiding the risks of losing users’ funds if the cost of cryptocurrency starts declining.
Trade Holder
Trade Holder is a Cryptorobotics trading bot designed to implement the Buy&Hold trading strategy. It independently forms from the 9 most promising digital assets. The bot buys a digital coin only if its price moves in a positive direction in the crypto market. Then the bot continues to monitor the rate of the coin to fix profits.
Advantages
- Saving time.
- Large coverage of cryptocurrencies and exchanges.
- Fast analysis and transactions.
- Trade 24/7.
- Decision-making speed.
- Strict adherence to the algorithm.
How to Use the Cryptorobotics Trading Bot?
To start using Cryptorobotics trading bots, users of the platform need to register. To do this, it is necessary to go to the main page of the official website of Cryptorobotics and follow these steps:
- The user must click Sign up or Start for free on the main page.
- Then the user needs to fill out a registration form. In the registration form, he needs to specify his name, and email, come up with a password, re-enter the password, accept the user agreement, and click on the DONE button.
- After that, the user will receive a code by email, which he has to enter to confirm registration.
Also, users can try the demo version of the site to test the crypto trading platform.
- Users can also enable two-factor authentication to increase the security of their accounts.
- Next, the user needs to create an account on one of the crypto exchanges and connect it to the Cryptorobotics platform.
It is worth noting that there are available 15 crypto exchanges on Cryptorobotics (spot: Binance, Binance.US, Gate.io, Huobi, CEX, EXMO, Kraken, OKEX, Bitfinex, Bittrex, P2PB2B, Poloniex; futures: ByBit, Bybit Inverse, and Binance Futures).
- Link the account created on the exchange to the platform using the API key.
- Go to the “Algorithmic trading” tab.
- Click on the “Trading robots” button.
- Click All bots.
- Select a crypto trading bot.
- Customize the necessary parameters of the crypto trading bot.
- Launch a trading bot on the selected crypto exchange.
- Start the trading process.
Cryptorobotics Tariffs and Plans
Traders can purchase one of the PRO packages and start using the bitcoin trading bot, as well as access the advanced features of the Cryptorobotics platform. To get detailed information about our rates and plans, please follow this link.
Besides, users of the platform can use promo codes to get a discount or free use of some features for a certain period. For example, users can copy this promo code PR to use Expert Pro for 7 days for free. To use this promo code, you should visit this page.
Conclusion
The trading process never stops in the crypto market. The crypto market carries certain risks as it is known for its high volatility.
A crypto trading bot can help reduce this risk factor. Unlike humans, bots will only enter trades according to available data and trends. In addition, emotions and impulses are absent from the decision-making process.
Bots are able to open orders around the clock. Therefore, the trader can trade even when he is occupied with other tasks. Besides, trading bots have the advantage of being able to work faster and more efficiently than people who trade manually.
Finally, these crypto trading bots are capable of analyzing data and trading across multiple exchanges and cryptocurrencies which can significantly raise traders’ profits.
