Cryptocurrency Automatic Trading Bots

Crypto Trading Bot​

Benefit from holding cryptocurrencies while a trading bot places trades automatically while you sleep. As you hold the currency, you are in the running for the gains long term, but you also have the trading bot working for you while the market isn’t rallying to huge heights. The BitsGap Trading Platform has pre set bots that actively trade thousands of transactions to take advantage of the anomalies in the crypto market, allowing profits in small movements while trading, and holding the coins longer term allowing you to benefit now and later.

Crypto Trading Platform

There are several crypto trading platforms that are trusted among many traders and investors. Remember, trading in the account is great but it is highly important that you store crypto outside of the exchange, such as in a hard wallet which we will cover soon. First, let’s take a look at the best crypto exchanges to trade a wide range of cryptocurrencies.

SwyftX – An Australian platform with a wide range of assets to choose from, staking capabilities, excellent withdrawal and deposit options with speedy execution along with a clean and easy to use user interface.

KuCoin – A platform that is user friendly and can be integrated with automated trading bots on BitsGap.

Do Crypto Bots Actually Work?

Crypto bots work by following a set of rules and trading as per the set rules. Each bot has its own rules to follow and can be run 24/7 over the internet. The advantage that crypto bots have over other trading algorithms is that the market isn’t yet overrun by the biggest banks and corporations in the world. This means that there are more opportunities for the smaller guys, just like foreign exchange back in the day, before high frequency traders and other large players have an advantage like faster execution etc. This means there are more opportunities and less players to go up against on these anomalies in the crypto market. While trading algorithms can work in other markets, right now it makes more sense to use crypto trading bots, utilising the current market situation to our advantage. At some point, this might change once crypto becomes as widely used as FIAT currency and all the big players are in on it, but for now, lets make the most of it!

This crypto bot is great for people wanting to hold positions long term but scalp the market to make ongoing trades when the market is not rising quickly. BitsGap is the platform which allows you to link your crypto account up to robots and run them. It is all done over the internet, so you don’t even need a VPS or leave your computer on like many trading software requirements in other markets.

Are Trading Bots Legal?​

Trading bots are reasonably safe, of course all investments come with risks. If the market changes and the bots are profitable in that market, unfortunately there could be losses. In saying this, if you are worried about other issues outside of simply being an investment which naturally holds risk, then yes, trading bots are safe provided you go through a trusted source such as Bitsgap and Kucoin.

Are Trading Bots Safe?​

Trading bots are reasonably safe, of course all investments come with risks. If the market changes and the bots are profitable in that market, unfortunately there could be losses. In saying this, if you are worried about other issues outside of simply being an investment which naturally holds risk, then yes, trading bots are safe provided you go through a trusted source such as Bitsgap and Kucoin.

Free Crypto Trading Bot​

Bitsgap has some free crypto trading bots which are working out ok for me. Jump on and start using this amazing resource, I will show you how to get set up.

Setting Up Crypto Trading Bot and API​

In order to link your Bitsgap and crypto trading account to let it do it’s thing, you need to create an API in your trading account. Using the code and the password from your trading account and connect the account in your Bitsgap account to allow the two to work. Once the API is connected, and the right funds are in your account to trade the robot, simply start the bot and it will trade for you.