" Very convenient and easy to use interface. I have had a great experience so far and have seen my portfolio grow by 15% within few weeks. This is my first ever investment in crypto, the best part is I can set risk level as per my appetite and the bots align themselves accordingly to deliver. Also completely trustworthy as my money resides in binance exchange and is connected to botsfolio through an API. There are inbuilt strategies which bots use to move money across different coins as well as between spot and futures as per the market dynamics.
At the moment, most brokers we work with only accept regular fiat currencies like the dollar, pound, and euro. However, in the future, they might accept investments in Bitcoin and other leading cryptocurrencies. Bots work by profiting from the delay it takes for prices to update across all exchanges. There are several types of trading bots available including arbitrage (arb) bots that capitalize on the difference in prices across exchanges.
The price of bitcoin usually differs from exchange to exchange; Bitstamp, for example, typically displays a slightly lower price than Bittrex. The movements of bitcoin and other cryptocurrencies is always mirrored across exchanges, however, so if BTC breaks out due to a massive buy order on Binance, you can bet that the other exchanges will follow suit. List of commands: -addcoin COIN (you can add any coin) example: -addcoin bitcoin -ctypto: a list of all supported cryptos -help: all commands of the bot -btc: get btc price (like this we have a lot of cryptos -eth: get eth price -etc: get etc price -ping: get ping with the server and apis -exchange AMOUNT: exchange between USD and BTC (for now) -help: List all commands and uses.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. Of course, nobody has all day and all night to spend making trades on the market, so hiring a crypto trading bot to do it for you can make a big difference, and allow you to capitalise on opportunities that you might have otherwise slept through. In the 1950s, robots were promised that would soon eliminate the daily chores of housewives across the globe.
60 years later, and their cyber counterparts – bots – are promised that will do the same for crypto trade bot
traders. But as almost everyone knows, the hype is never to be believed. Profiting from bots isn’t that simple or easy. If the hype is to be believed, these bundles of code can deliver a passive income for even the laziest or dumbest of traders. There are other factors to consider, including condition of the market, and timing.
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