How Bitcoin Trading Bots Transformed the World

Share on twitter
Tweet
Share on facebook
Share
Share on whatsapp
WhatsApp

As you know, Bitcoin is the world’s first modern decentralized cryptocurrency. Furthermore, it is the largest cryptocurrency in terms of market capitalization. However, this article isn’t about the history of Bitcoin; it is about Bitcoin trading bots. 

You might ask what a Bitcoin trading bot is. It is a software program that interacts with Bitcoin exchanges in order to analyze trading data and then use this information to place buy or sell orders on behalf of the customer.

Bitcoin trading bots act on a predetermined as well as pre-programmed set of rules to monitor activity in the markets. What’s interesting is that bots may come with preinstalled trading strategies. However, users have the ability to modify the bot according to their needs. 

You need to remember that it is vital to gather as much information as possible about automated trading platforms. To cut a long story short, such platforms need to be researched well. Hopefully, the BitiCodes review is a really good example of such analysis. 

As a reminder, BitiCodes has hundreds of thousands of current active users. Also, it is quite easy to use BitiCodes, even for inexperienced users.

It is noteworthy that there is no shortage of Bitcoin trading bots. Importantly, you can use some of them for free. Let’s take a look at some of the best Bitcoin trading bots. 

One really good option is Coinrule. It has a user-friendly interface. So, people who have never used Bitcoin trading bots would appreciate its interface. What’s important is that you don’t have to be a programmer in order to use Coinrule. 

Furthermore, the above-mentioned Bitcoin trading bot works across a number of cryptocurrencies. 

Bitcoin trading bots and their capabilities 

Now, let’s focus on Gunbot. 

First of all, you don’t have to worry about monthly subscription fees. As a reminder, every license is a one-time payment with free lifetime updates.

As stated earlier, Gunbot ONE is a free license with access to one strategy on one crypto exchange. 

Gunbot is the oldest Bitcoin trading bot on the market. Furthermore, Gunbot regularly receives new updates based on what the crypto community wants. 

Do you know what makes Gunbot so interesting? No matter which strategy you want to build, with the above-mentioned Bitcoin trading bot, you have the highest chance of achieving your goal. 

As we already discussed Gunbot as well as Coinrule, let’s continue with Cryptohopper, another cloud-based bot.

Hopefully, it is quite easy to open an account and start trading with a range of cryptocurrencies.

One notable feature of Crytohopper is the ability to integrate with professional traders and trade in line with professional traders’ trading signals.

Interestingly, experienced traders have the ability to program the bot according to their own strategy. Lastly, the above-mentioned bot with the vast majority of the major crypto exchanges. 

What you need to know about Bitsgap 

As mentioned above, there are many Bitcoin trading bots. So, it is impossible to discuss all of them in one or several articles.

However, we can’t forget about Bitsgap when it comes to trading bots. 

First and foremost, it is an altcoin trading robot.  

 We discuss a platform that is designed to work with many popular crypto exchanges. 

The above-mentioned bot allows traders to use predetermined strategies. User can also create their own algorithms. Hopefully, there is no need to download any software. As a reminder, Bitsgap is a cloud-based bot. 

As in the case of many trading platforms, Bitsgap also offers a Demo mode. You can use its Demo mode in order to practice different strategies without risking your finances. 

Last but not least, if you have any problems or questions, feel free to contact customer support.

What about Zignaly and Cryptotrader?

Have you heard about Zignaly? You can use it free of charge. 

It is also a cloud-based trading bot. Moreover, Zignaly is a relatively new trading bot. 

Importantly, with no limits on the cryptocurrencies you can trade, it offers a high level of freedom to users.

Moreover, users can follow professional traders and integrate their analysis of market fluctuations.

However, Zignaly only supports KuCoin, BitMEX, Binance, KuCoin, and AscendEX at the moment. Hopefully, according to the team behind Zignaly, they will add other crypto exchanges in the near future. 

Cryptotrader is another good option. Notably, it offers a marketplace where users can buy as well as sell trading strategies, along with backtesting tools. 

Importantly, Cryptotrader also provides text and email updates on the market throughout the day.

It is desirable to remember that the above-mentioned bot is recommended for users whore are more or less familiar with coding.

BitiCodes and new opportunities

Let’s get back to BitiCodes. It has the ability to make life easier for tens of thousands of inexperienced as well as experienced traders. 

As you know, the price of a specific cryptocurrency might change at any time. Moreover, the price could change several times in a short period of time. It is vital to monitor the price 24 hours a day in order not to miss anything. 

However, as you know, people can’t spend 24 hours a day in front of a computer for several days in a row. They need to eat, sleep, etc. Furthermore, many of them have to go to work or university. Others have to take care of their children. 

You can save a lot of time thanks to automated trading platforms. All you need to do is to choose one or several of them. As you can see, it is very easy to use BitiCodes. 

The above-mentioned platform has a pretty high success rate. Do you know why? BitiCodes incorporates cutting-edge technology in trading. Don’t forget to visit its website from time to time to gather more information about BitiCodes.

To sum up, cryptocurrencies gained popularity all over the world. Unsurprisingly, many traders, inexperienced and experienced, would like to earn more money. They can use crypto trading bots in order to achieve better results. However, it is desirable to read as much as possible about cryptocurrencies to learn more about various risk factors. 

Partner Content

Partner Content

Fossbytes caters to a vast and influential readership spread all across the world. Get your brand in front of millions of readers with our specially-crafted and attractive sponsored posts. To learn more, read our sponsored post guidelines.

Find your dream job

Work at your dream company with Fossbytes Jobs