How to Crypto: Trading bots

Trading bots for crypto can be really helpful but be aware what you are putting your money into.

In todays How to Crypto article we would like to show you something that has been on a rise lately. Trading bots for cryptocurrency.

Before we start with manual on how to get the trading bot, lets talk about what exactly it is. Online trading bot for crypto. It is setup program which allows you to, without any checking or interfering, trade crypto and make more money from it. These bots work on group of set rules like stop-loss, how big amount of money they should use and usually buy signals or how often they should make a trade. It is great way to make more money from your crypto holdings while you are sleeping.

How?

First of all you need wallet with your portfolio of cryptocurrencies. How to setup that we covered in previous articles. If you are registered on exchange and you have the wallet with you funds then comes the next step. You have to chose online site or platform on which you want to start using bots. Platforms like this are huge number so be careful and DYOR about platform (if it is legit, read some reviews).

After you have successfully chose your platform of choice you will need to make an account there so you can use their services. Usually setting up an account is for free and won’t cost you anything. When you are done you will have to connect your wallet from exchange with you account on platform. You can do that by using something called API key. This can be obtained on the exchange. For example if you have an account on Binance it is under your profile in the section called API management. There you will generate the code which you will put into the required place on the platform.

After this your wallet and platform will become connected and the bot will have access to your funds and coins. If you have done all this there is only few steps left. Now on these platforms a lots of groups offers their bots. So, you have to chose which group has best suitable program and bot for you and choose. After you chose the group and bot they are offering then comes the part where you will most likely have to pay.

To use the bots of said groups they are charging some amount of money. From my personal experience it can be from free to 50 dollars. And it does not necessarily means that if you buy more expensive program you will get bigger rewards. Sometimes there is few ways how you can pay the man. You can use your card or you can pay in crypto that is equivalent to the price. The most common payment time is one per month. It does not have to be the first day of the month. It always counts from the day you made first purchase.

If you have successfully done all these steps you can turn your bot on and just enjoy your gains.

Why?

Someone could ask why would you need that? In my opinion this is great for someone who wants to make gains not only from holding but also wants to trade however he is not ready to dive into day trading. These bots trade for you absolutely without your interfering so you don’t have to worry and also they use only set amount of your coins.

Is it worthy it?

If the time in market is right it definitively is. But if you turn your bot on in the wrong time in the market you wont see that huge gains. Also thanks to rules that the bots are setup on, you don’t have to worry that you will lose everything you have. And because of these rules you don’t have to constantly check the prices the bots will do that for you also.

Personal experience

Me and my friends from Crypto Hunters have an experience not only with using trading bots, but also with creating our own ones. Some time ago we chose a platform called 3commas. We were somewhat satisfied with the results, but after some time the quality of service, customer support and other aspects of the platform saw a downfall. Combined with unreasonably high fees, this is good enough reason for why we are currently in the process of moving to another platform. (We have found a temporary home on Gate.io)

But let’s look at the numbers of our Crypto Hunters trading bots. The subscription fee was 25 euros a month for which you got access to all bots’ setups and all trading signals. I was using a single bot for about four to five months. For that period of time, I paid 125 in subscription fees and got great results: cumulative ROI of 14,4% (average of 2,9% per month in returns) and that was using only one bot!

Future platform

Here I would like you to give you a little sneak peek of what you can expect from Crypto Hunters in the future. The core team of CH is working on our own platform where you will be able to enjoy our trading bots with improved, easy-to-use and overall better setups and strategies. This project is still in the making but if you don’t want to miss on any future news, you should head to our twitter where you will be notified of all the updates about CH platform and all the info about this project.

Thank you for reading.