What is a crypto trading bot?

Crypto trading bots are a type of algo trading tool. While algorithmic trading, in general, can be applied to any financial market, crypto trading bots are specifically built for cryptocurrency markets to utilize crypto platforms, like decentralized exchanges, and other crypto-native features, like MEV protection.

What is crypto algo trading?

In short, crypto algo trading involves creating sets of predefined trading rules and conditions that blend mathematics, historical data, statistical models and existing trading strategies to create an optimal strategy of how much of a cryptocurrency to buy or sell, at which time, and at what price point.

Are bots a controversial component of the cryptocurrency market?

Certainly, bots are a controversial component of the market, and there are justifications for using them just as there are reasons for doing away with them entirely. Bots are used by traders to take advantage of the cryptocurrency markets that trade 24/7 all over the world. The advantage bots have over investors is they can react quicker.

Should you invest in a fully-automatic trading bot?

If you’re dipping your toes into the crypto market, a fully-automatic trading bot grants crypto enthusiasts (and experienced traders too) exposure to the entirety of the crypto market without any of the difficulty.