What is a crypto trading bot?

What exactly is a crypto trading bot anyway? Cryptocurrency trading bots are basically software programs that often leverage artificial intelligence and machine learning to observe the market and automatically execute cryptocurrency trades in line with predefined algorithms.

Are spoof bots illegal when trading crypto?

That noted, anything illegal in normal circumstances is likely illegal when trading crypto. If you created a “pump and dump” or “spoof” bot to trick other users or platforms, you might run into trouble. The best approach is to use crypto automation bots as intended: to execute trades for you under certain conditions informed by data.

Should you use a JavaScript trading bot?

A JavaScript trading bot can really help you to eliminate the weak link in any trading strategy—human error. See how to base your trading bot on JavaScript. While human traders can have good judgement, they also bring plenty of shortcomings to the table, which JavaScript trading bot will not share.

Is bot trading legal?

Yes, bot trading is legal and used across capital markets. That noted, anything illegal in normal circumstances is likely illegal when trading crypto. If you created a “pump and dump” or “spoof” bot to trick other users or platforms, you might run into trouble.