Can crypto bots make money for you? - Grand Forex Systems

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Can crypto bots make money for you?

 


Can crypto bots make money for you? It's a ubiquitous question that many of our readers ask, and I'm here to tell you. It works testing many crypto bots as a hobby and, as my need to discover something cool and interesting. Here I'm going to share some of the crypto bots that have been testing, and some of them are working, and we'll share some of the Nitty-gritty that you need to know to avoid losing money when you're using crypto trading bots. So there are different kinds of crypto bot software out there. Some of them require you to have certain trading skills before you can use them. Some of them are really advanced, which is ideal for the advanced user, who wants to automate their crypto trading strategies, And then there are a few who trade on your behalf. It's completely autopilot. However, one thing is common among all the crypto trading bots. You never give your cryptos to them. You, basically, your crypto stays in your exchange. Only you connect with this crypto bot software using your API key.






You do not permit to withdraw your cryptos so that your cryptos are safe, and then these bots trade on your behalf. Now you need to understand that a bot is as good as the master as the person who is coding it. So there are chances that in certain markets scenario, this crypto bot can give very unpleasing results. So this is a risk that you should be aware of now.

The hardest part is to find a crypto bot that works, and then there are different many different strategies that a lot of different bot users. Now you need to find a bot that works for you, So I'm going to share some of the crypto trading bots that I've been using And some of them, I feel like I'm pretty comfortable using them, and they have been bringing some excellent results. So without further delay, let's guide, let's check out some of these crypto bots.




All right, so the first one is three commas: 3Commas has been around for many years and is one of the most popular crypto trading bots out there. They have three trading bots. There are two which I have played with, and I found them to be very profitable. One of them is the GRID bot. Now GRID bot works in the sideways market. When an instrument is in a particular range and what it does, is it basically scalp the grid to create profit for you now? In my research, I've been getting a return of 1 % every day with GRID bot. Another bot, which is very popular on three commas, is the DCA bot, especially one using the composite feature. You can generate, earn a significant amount of return. Now the good thing about 3Commas: they offer three days trial, Plus they have a paper trading account. So you don't really need to put any money that you have money. 



 Initially, you can actually trade using people trading, it's simulated trading using the virtual money, and you can try to learn about this trading bot. Find them find a winning strategy for you. Now again. Using three commas definitely requires you to have basic skills of looking at the chart. If you don't have them, it would be a little problem. You can go for three days trial, and you can start with paper trading now.





The second one is Cryptohopper. I've played with Cryptohopper for the last one month, and I feel crypto hopper is super amazing for the experienced trader. You can automate your existing strategies using a strategy builder of Cryptohopper. They have a feature called signals, which is ideal for beginners who want to trade based on other signalers' signals, which is great. Still, Cryptohopper is something which I highly recommend for advanced users to check out Cryptohopper. They offer a free trial as well, which is a good place to get started. 


Users can subscribe to external signals and the manipulatable trading solution is aimed at cryptocurrency traders of all experience levels and the team have announced that they have over 75,000 users.





 Cryptohopper is compatible with up to 75 cryptocurrencies and nine major exchanges including Binance, Bitfinex, Bittrex, Coinbase Pro, Cryptopia, Huobi, Kraken, Kucoin, and Poloniex.