There is not just HODL in the life of crypto-enthusiasts, also there is trading. Whether for beginners in the field or for those who want to maintain a trading strategy up and running 24 hr a day, using a Bitcoin trading bot seems to be a fantastic option. Trading robots are spreading out in the financial markets, and the cryptocurrencies are no exemption.What is a Crypto Trading Bot?
Trading robots are nothing more than trading techniques that when configured instantly implement a trading strategy according to its configuration and market price of an asset. While not necessarily as responsive, or as versatile as a person, the Bitcoin trading bot contends the very least 3 major benefits over people:It can work non-stop: every second, the 7 days per week, 365 days a year, the bot can keep track of the markets. Once the bot is launched, it will work day a day without its human owner requiring to check it out – other than from time to time to check its efficiency! It has a quicker and more exact decision-making process: where it will take the human simply a few secs to click and trade, the bot will have already been able to perform about 10 procedures if it follows the set approach. And it pegs to the trading strategy with the accuracy of a sniper. The bot has no emotions: this is crucial for trading. Adhering to a predefined trading strategy and don’t take psychological decisions are one of the most difficult things for a human that is subject to his feelings. Excessive greed, fear, or deception are harmless to a trading robot. Top 5 Best Performing Trading Bots 2020-2021
1 – NapBots.com
The number one in our list is a French contender, NapBots is a cryptocurrency and bitcoin trading robot that supports a vast number of cryptocurrency exchanges, including Binance, BitPanda Pro, Kraken, Bitfinex, Bitstamp, BitMEX, OKEX and Phemex.
As soon as you have picked the exchange that you desire to work w...