The establishment of cryptocurrencies has certainly paved the path for highly lucrative opportunities in terms of several aspects, so the financial industry quickly acquired this resource. They have provided completely unique ways of processing online transactions in a secure and transparent environment, and what’s more, every digital coin is free from any kind of third-party involvement such as banks or other governmental institutions.
The crypto market is characterized by high volatility, meaning that the price of every cryptocurrency fluctuates constantly in accordance with economic and political events in the world. So, investing in digital coins might be a risky decision as the major alterations can take place even in a day or two. Thus, it is crucial to get a proper education and acquire the necessary skills in order to become an expert trader.
Technological advancements have made it possible to create trading robots that utilize a predefined set of instructions such as time, price, and volume in order to provide precise results all the time. Algorithm-based trading has become very popular and more than 90% of trades were executed by trading bots in 2022. It is believed that they will completely replace human labor in the near future, but this is a big question since they have yet to prove their full capabilities. In this guide, we want to review some of the best startups in the trading automation space and note every advantageous attribute that you will run into on these platforms.
We want to start the list with Cryptohopper, which is a brand-new exchange platform established for novice traders due to its user-friendly design and simplified services. You will come across more than 100 cryptocurrencies here, which is an excellent opportunity to pick out your favorite ones and trade in a full and fast automated way. As we read in bitcodemethod.org, you are no longer obliged to keep track of charts and screens all the time since trading bots will do all the work for you in this case.
Customers of Cryptohopper, can take advantage of various trading tools such as social trading, copy trading, and exchange arbitration that allow traders to select the best crypto exchange in order to carry out every trading procedure. What’s more, the platform provides various educational departments in terms of tutorials, courses, articles, video lessons, and so on. By doing so, they ensure to get every novice trader to the right starting point and maintain successful gains all the time. As for the trading account, you have the possibility to use a free option as well as paid subscriptions in order to get eligible for premium services.
Bitsgap is one of the top trading platforms that allow users to utilize trading bots, so it does not matter whether you are a newbie or an expert trader, you will most likely achieve desired results here. The developers have implemented an automated bot on the platform that helps users to pick out the best exchange platform, automatically purchase and sell trading positions, and execute trades on their behalf. This means that you will get more precise results in the end!
What’s more, Bitsgap is partnered with more than 25 crypto exchangers, so it will easily select the most suitable option for you where you can generate the most profit. You will find demo account types as well that will allow you to carry out different strategies without using real money, so feel free to do whatever you wish with it. The interface is user-friendly, meaning that you will effortlessly surf the website and even take advantage of the first 2-week free trial before a paid subscription comes up!
KuCoin is also a very popular startup that was first introduced as a crypto exchanger. It has recently implemented trading bots on the platform in order to enhance its high-quality services and attract more and more traders from all over the world. As soon as you register on this website, you will become eligible for various proposals in terms of promotions and raffles since KuCoin tries to maintain high customer engagement all the time.
Moreover, we want to point out that this is a completely free platform that accepts a wide range of payment methods as well as low commission fees. KuCoin is available in more than 205 countries and nearly 12 languages are supported on the website in order to give various nations the opportunity to easily navigate here! Also, don’t forget that there are various educational sections as well in order to furnish you with high-class courses and tutorials.
The Bottom Line
As you can tell, the importance of trading bots is tremendous in the financial sector since they provide as close as 100% precise results all the time compared to humans. Algorithmic trading helps you deal with highly volatile crypto markets as robots can perfectly use the stop-loss and take-profit options. Hence, they can successfully execute trades even when you are not watching the trading position all the time!
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