Cryptocurrency trading can be used to earn additional income. The main advantage this market offers is volatility – prices fluctuate rapidly. This means that traders need extra help to manage their portfolios.
An extremely useful tool in this regard are the so-called trading bots – automated systems that can be set up to perform transactions on behalf of the trader.
Trading bots and their utility
Using trading bots means that investors can place high-speed transactions seven days a week. Moreover, trading boxes are able to handle more orders than people, faster and without emotion. This allows the creation of trading strategies in advance.
In addition, the boxes can analyze vast quantities of market data, such as orders, price, time of day and volumes of transactions to make optimal trading decisions. Traditional stock exchanges have used these systems to maximize profits, making automated cryptocurrency trading a logical step.
An automatic cryptocurrency trading platform that has quickly built a reputation is TradeSanta. This is a smart trading software that can automate the trading of cryptocurrencies for investors to take advantage of market fluctuations. Functionality is loaded into an easy-to-use interface, which can be integrated with many known exchanges.
The pre-programmed trading software currently has support for Binance, Bitfinx, Bittrex and HitBTC. Soon, it will also integrate BitMEX, OKEx and Huobi.
TradeSanta is equipped with two-factor authentication functionality and relies on API keys, which act to restrict the extent to which robots can use the funds.
Currently, TradeSanta has over 4000 active trading bots that have completed approximately 350,000 transactions. Its popularity is largely due to the fact that it is free.
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