Crypto community

Launching a Cryptocurrency Trading Bot

There are many reasons why companies and individual traders might turn to a trading bot. One of them is to gain the ability to trade cryptocurrency without having to physically be at the computer all the time and create orders.

Another option is to develop your own bot and provide it to others on a commercial basis. This area can be very profitable if done correctly.

Examples of trading bots:

RevenueBot
Cryptorg
Veles
3Commas
Bitsgap
Cryptohopper
TradeSanta
In addition, many crypto exchanges have built-in (and importantly, free) bots, including Bybit, OKX, Binance.

Apple co-founder Steve Wozniak admitted that he sold all his Bitcoin reserves because he was tired of constantly monitoring the exchange rate charts. Even the most dedicated crypto fan does not want to spend his entire life glued to the screen. In addition, the market is very volatile. There have been cases when the currency price fell or increased by 25% in a day. Traders using a properly configured bot can make good money on such fluctuations.

Trading bots automate the purchase and sale of cryptocurrencies by analyzing the market in real time. This method is especially suitable for those who want to earn on short price fluctuations without devoting all their time to this matter.

Advantages:

Automation of trading.

Availability 24/7.

Ability to use ready-made strategies.

Disadvantages:

Risks of incorrect settings.

Dependence on the quality of software.

The Veles platform allows the creation and flexible configuration of the necessary parameters of both futures and spot trading bots. To test them, you can conduct backtests or use ready-made cryptocurrency bots.